Net Income per Share

12 Months Ended

Jul. 26, 2025

Earnings Per Share [Abstract]

Net Income per Share

Net Income per Share

The following table presents the calculation of basic and diluted net income per share (in millions, except per-share amounts):

Years Ended	July 26, 2025		July 27, 2024		July 29, 2023
Net income	$	10,180	$	10,320	$	12,613
Weighted-average shares—basic	3,976		4,043		4,093
Effect of dilutive potential common shares	22		19		12
Weighted-average shares—diluted	3,998		4,062		4,105
Net income per share—basic	$	2.56	$	2.55	$	3.08
Net income per share—diluted	$	2.55	$	2.54	$	3.07
Antidilutive employee share-based awards, excluded	78		82		86