v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jul. 26, 2026
Jul. 27, 2025
Cash flows from operating activities:    
Net income $ 118,010 $ 45,197
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 3,954 3,099
Depreciation and amortization 2,124 1,280
Deferred income taxes 982 (2,160)
Gains from equity securities, net (23,707) (2,073)
Other 222 (196)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (24,590) (4,743)
Inventories (10,204) (4,880)
Prepaid expenses and other assets (6,480) 946
Accounts payable 4,125 2,255
Accrued and other current liabilities 8,015 3,075
Other long-term liabilities 1,970 979
Net cash provided by operating activities 74,421 42,779
Cash flows from investing activities:    
Proceeds from sales and maturities of debt securities 26,563 6,739
Proceeds from sales of equity securities 7,241 70
Purchases of debt securities (42,404) (1,245)
Purchases of debt securities (21,777) (14,108)
Purchases related to property and equipment and intangible assets (4,434) (3,122)
Acquisitions, net of cash acquired (298) (677)
Other (15) 0
Net cash used in investing activities (35,124) (12,343)
Cash flows from financing activities:    
Proceeds related to issuance of debt, net of costs 24,896 0
Proceeds related to employee stock plans 515 370
Payments related to repurchases of common stock (39,044) (23,815)
Dividends paid (6,290) (488)
Payments related to employee stock plan taxes (4,531) (3,380)
Groq, Inc. (2,944) 0
Principal payments on property and equipment and intangible assets (92) (73)
Other 31 0
Net cash used in financing activities (27,459) (27,386)
Change in cash and cash equivalents 11,838 3,050
Cash and cash equivalents at beginning of period 10,605 8,589
Cash and cash equivalents at end of period $ 22,443 $ 11,639