v3.26.1
Net Income (Loss) per Common Share (Tables)
 12 Months Ended
Jul. 03, 2026
Earnings Per Share [Abstract]  
Schedule of Net Income (Loss) per Common Share
The following table presents the computation of basic and diluted income (loss) per common share:
202620252024
(in millions, except per share amounts)
Net income (loss)$11,433 $(1,641)$(672)
Weighted average shares outstanding:
Basic147 145 145 
Diluted (1)
155 145 145 
Net income (loss) per common share:
Basic$77.78 $(11.32)$(4.63)
Diluted (2)
$73.76 $(11.32)$(4.63)
(1) For the year ended July 3, 2026, an insignificant number of weighted average outstanding awards were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive. For the year ended June 27, 2025, 2 million weighted average outstanding awards were excluded from the calculation of the diluted net income per share because their effect would have been anti-dilutive.
(2) For the years ended June 27, 2025 and June 28, 2024, the Company recorded a net loss. Accordingly, the potential dilution from all equity awards would be anti-dilutive. As a result, basic net loss per share is equal to diluted net loss per share for such periods. For the year ended June 28, 2024, it was also assumed that there are no dilutive equity instruments as there were no equity awards of Sandisk outstanding prior to the separation.