v3.26.1
Stockholders' Equity
 9 Months Ended
Apr. 25, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders’ Equity
(a)Stock Repurchase Program
In September 2001, our Board of Directors authorized a stock repurchase program. As of April 25, 2026, the remaining authorized amount for stock repurchases under this program was approximately $9.6 billion, with no termination date. The stock repurchase activity for fiscal 2026 and 2025 under the stock repurchase program, reported based on the trade date, is summarized as follows (in millions, except per-share amounts):
Quarter EndedSharesWeighted-Average Price per ShareAmount
Fiscal 2026
April 25, 202616 $80.28 $1,252 
January 24, 202618 $76.29 $1,351 
October 25, 202529 $68.28 $2,001 
Fiscal 2025
July 26, 202519 $64.65 $1,252 
April 26, 202525 $59.78 $1,504 
January 25, 202521 $58.58 $1,236 
October 26, 202440 $49.56 $2,003 
There were stock repurchases of $19 million and $20 million that were pending settlement April 25, 2026 and July 26, 2025, respectively.
The purchase price for the shares of our stock repurchased is reflected as a reduction to stockholders’ equity. We are required to allocate the purchase price of the repurchased shares as (i) a reduction to retained earnings or an increase to accumulated deficit and (ii) a reduction of common stock and additional paid-in capital.
(b)    Dividends Declared
On May 13, 2026, our Board of Directors declared a quarterly dividend of $0.42 per common share to be paid on July 22, 2026, to all stockholders of record as of the close of business on July 6, 2026. Future dividends will be subject to the approval of our Board of Directors.
(c) Preferred Stock
Under the terms of our Amended and Restated Certificate of Incorporation, the Board of Directors is authorized to issue preferred stock in one or more series and, in connection with the creation of such series, to fix by resolution the designation, powers (including voting powers (if any)), preferences and relative, participating, optional or other special rights, if any, of such series, and any qualifications, limitations or restrictions thereof, of the shares of such series. As of April 25, 2026, we have not issued any shares of preferred stock.