Net Income per Share

6 Months Ended

Jan. 24, 2026

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):

	Three Months Ended				Six Months Ended
	January 24, 2026		January 25, 2025		January 24, 2026		January 25, 2025
Net income	$	3,175	$	2,428	$	6,035	$	5,139
Weighted-average shares—basic	3,955		3,981		3,955		3,986
Effect of dilutive potential common shares	29		24		32		22
Weighted-average shares—diluted	3,984		4,005		3,987		4,008
Net income per share—basic	$	0.80	$	0.61	$	1.53	$	1.29
Net income per share—diluted	$	0.80	$	0.61	$	1.51	$	1.28
Antidilutive employee share-based awards, excluded	—		22		—		59