Cash Dividends Declared and Paid


	Fiscal Quarter Ended
	February 1, 2026		February 2, 2025

	(In millions, except per share data)
Dividends per share to common stockholders	$	0.65	$	0.59
Dividends to common stockholders	$	3,086	$	2,774

In April 2025, our Board of Directors authorized a stock repurchase program to repurchase up to $10 billion of our common stock through December 31, 2025, which was subsequently extended through December 31, 2026 and increased to $11 billion. During the fiscal quarter ended February 1, 2026, we repurchased and retired 23 million shares for $7,850 million. As of February 1, 2026, $700 million of the authorized amount remained available for repurchase under this program.

Subsequent to the fiscal quarter ended February 1, 2026, our Board of Directors in March 2026 authorized a stock repurchase program to repurchase up to $10 billion of our common stock from time to time through December 31, 2026.


	Fiscal Quarter Ended
	February 1, 2026		February 2, 2025

	(In millions)
Cost of products sold	$	66	$	33
Cost of subscriptions and services	170		120
Research and development	1,447		822
Selling, general and administrative	493		305
Total stock-based compensation expense	$	2,176	$	1,280

During the second quarter of fiscal year 2025, we granted two-year time- and market-based RSU awards (the “Two-Year Equity Awards”), in lieu of our annual employee equity awards historically granted in the second quarter of each fiscal year. Each of the Two-Year Equity Awards vests on the same basis as two annual grants with staggered vesting start dates of March 15, 2025 and March 15, 2026 and successive four-year vesting periods. We recognize stock-based compensation expense related to these awards from the grant date through their respective vesting date, ranging from four to five years.

As of February 1, 2026, the total unrecognized compensation cost related to unvested stock-based awards was $21,971 million, which is expected to be recognized over the remaining weighted-average service period of 3.2 years.

A summary of RSU activity is as follows:


	Number of RSUs Outstanding	Weighted-Average Grant Date Fair Value Per Share

	(In millions, except per share data)
Balance as of November 2, 2025	229	$	127.63
Granted	2	$	330.46
Vested	(18)	$	92.14
Forfeited	(5)	$	134.41
Balance as of February 1, 2026	208	$	132.52

The aggregate fair value of RSUs that vested during the fiscal quarter ended February 1, 2026 was $6,255 million, which represented the market value of our common stock on the date that the RSUs vested.