Supplemental Financial Statement Information (Tables)

6 Months Ended

Jul. 26, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Certain balance sheet components were as follows:


	Jul 26, 2026		Jan 25, 2026

Inventories:	(In millions)
Raw materials	$	11,341	$	3,807
Work in process	13,377		8,822
Finished goods	6,857		8,774
Total inventories (1)	$	31,575	$	21,403

(1) We recognized inventory provisions of $784 million and $886 million for the second quarter, and $1.6 billion and $3.2 billion for the first half, of fiscal years 2027 and 2026, respectively, in Cost of revenue.

Schedule of Accrued and Other Current Liabilities


	Jul 26, 2026		Jan 25, 2026

Accrued and Other Current Liabilities:	(In millions)
Customer program accruals	$	7,391	$	5,318
Taxes payable	5,206		2,669
Deferred revenue (1)	4,616		1,379
Product warranty	2,938		2,807
Excess inventory purchase obligations (2)	2,138		2,739
Accrued payroll and related expenses	1,206		1,146
Accrued purchase consideration (3)	986		3,921
Other	2,479		1,373
Total accrued and other current liabilities	$	26,960	$	21,352

(1) Included customer advances and unearned revenue primarily related to hardware and software support, and license and development arrangements. The balance as of July 26, 2026, and January 25, 2026, included $2.8 billion and $160 million of customer advances, respectively.

(2) We recognized $201 million and $137 million for the second quarter, and $501 million and $3.1 billion for the first half, of fiscal years 2027 and 2026, respectively, in Cost of revenue.

(3) Related to the Groq, Inc. non-exclusive license agreement.

Schedule of Other Long-term Liabilities


	Jul 26, 2026		Jan 25, 2026

Other Long-Term Liabilities:	(In millions)
Income tax payable (1)	$	5,602	$	3,958
Deferred revenue (2)	1,796		1,193
Deferred income tax	1,619		1,774
Other	1,901		381
Total other long-term liabilities	$	10,918	$	7,306

(1) Primarily comprised of unrecognized tax benefits and related interest and penalties.

(2) Included unearned revenue related to hardware and software support.

Schedule of Changes in Deferred Revenue

The following table shows the changes in short- and long-term deferred revenue during the first half of fiscal years 2027 and 2026:


	Six Months Ended
	Jul 26, 2026		Jul 27, 2025

	(In millions)
Balance at beginning of period	$	2,572	$	1,813
Deferred revenue additions (1)	17,709		8,275
Revenue recognized (2)	(13,869)		(8,053)
Balance at end of period	$	6,412	$	2,035

(1) Included $15.6 billion and $7.5 billion of customer advances for the first half of fiscal years 2027 and 2026, respectively.

(2) Included $13.0 billion and $7.5 billion related to customer advances for the first half of fiscal years 2027 and 2026, respectively.

Schedule of Other Income, Net

Other income, net, consisted of the following:


	Three Months Ended				Six Months Ended
	Jul 26, 2026		Jul 27, 2025		Jul 26, 2026		Jul 27, 2025

	(In millions)
Interest income	$	496	$	592	$	1,037	$	1,108
Interest expense	(227)		(62)		(329)		(124)
Gains from equity securities, net	7,771		2,247		23,707		2,073


Other	(267)		(11)		(275)		(18)
Other income, net	$	7,773	$	2,766	$	24,140	$	3,039