Earnings Per Share

9 Months Ended

Sep. 26, 2026

The following table sets forth the components of basic and diluted earnings per share:


	Three Months Ended				Nine Months Ended
	September 26, 2026		September 27, 2025		September 26, 2026		September 27, 2025
	(In millions, except per share amounts)
Numerator
Income from continuing operations	$	2,428	$	1,172	$	6,105	$	2,649
Income from discontinued operations	—		71		3		175
Net income	$	2,428	$	1,243	$	6,108	$	2,824

Denominator
Basic weighted average shares	1,636		1,626		1,633		1,623
Potentially dilutive shares from employee equity plans	25		15		24		9
Diluted weighted average shares	1,661		1,641		1,657		1,632

Earnings per share:
Basic earnings from continuing operations	$	1.48	$	0.72	$	3.74	$	1.63
Basic earnings from discontinued operations	—		0.04		—		0.11
Basic earnings per share	$	1.48	$	0.76	$	3.74	$	1.74

Diluted earnings from continuing operations	$	1.46	$	0.71	$	3.69	$	1.62
Diluted earnings from discontinued operations	—		0.04		—		0.11
Diluted earnings per share	$	1.46	$	0.75	$	3.69	$	1.73

Securities which would have been anti-dilutive are not material and are excluded from the computation of diluted earnings per share for all periods presented. Shares issuable upon the exercise of warrants issued to customers are considered contingently issuable and are excluded from the computation of basic and diluted earnings per share until all the conditions for the warrants to become vested and exercisable have been satisfied.