We granted 3 million restricted stock units (RSUs), including performance-based RSUs (PBRSUs), with a weighted average grant date fair value of $153.44 per share during the three months ended July 31, 2026. As of July 31, 2026, total unrecognized compensation expense related to our equity awards was $918 million, which is expected to be recognized on a straight-line basis over a weighted-average remaining service period of 2.4 years.

Under our common stock repurchase program, which we may suspend or discontinue at any time, we may purchase shares of our outstanding common stock through solicited or unsolicited transactions in the open market, in privately negotiated transactions, through accelerated share repurchase programs, pursuant to a Rule 10b5-1 plan or in such other manner as deemed appropriate by our management.

The following table summarizes activity related to the stock repurchase program for the three months ended July 31, 2026 (in millions, except for per share amounts):


Number of shares repurchased		1.5
Average price per share	$	133.32
Stock repurchases allocated to additional paid-in capital	$	9
Stock repurchases allocated to retained earnings	$	191
Remaining authorization at end of period	$	1,302

On May 21, 2026, our Board of Directors authorized the repurchase of an additional $1.0 billion of our common stock.

The following is a summary of our activities related to dividends on our common stock (in millions, except per share amounts):


	Three Months Ended
	July 31, 2026		July 25, 2025
Dividends per share declared	$	0.52	$	0.52
Dividend payments allocated to additional paid-in capital	$	—	$	104
Dividend payments allocated to retained earnings	$	102	$	—

On August 27, 2026, we declared a cash dividend of $0.52 per share of common stock, payable on October 28, 2026 to shareholders of record as of the close of business on October 9, 2026. The timing and amount of future dividends will depend on market conditions, corporate business and financial considerations and regulatory requirements. All dividends declared have been determined by the Company to be legally authorized under the laws of the state in which we are incorporated.