v3.26.1
Net Income per Share (Tables)
3 Months Ended
Jul. 31, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The following is a calculation of basic and diluted net income per share (in millions, except per share amounts):

 

 

Three Months Ended

 

 

 

July 31, 2026

 

 

July 25, 2025

 

Numerator:

 

 

 

 

 

 

Net income

 

$

375

 

 

$

233

 

Denominator:

 

 

 

 

 

 

Shares used in basic computation

 

 

196

 

 

 

201

 

Dilutive impact of employee equity award plans

 

 

4

 

 

 

2

 

Shares used in diluted computation

 

 

200

 

 

 

203

 

Net Income per Share:

 

 

 

 

 

 

Basic

 

$

1.91

 

 

$

1.16

 

Diluted

 

$

1.88

 

 

$

1.15

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the number of potential shares of common stock from outstanding employee equity awards that have been excluded from the computation of diluted net income per share, as their inclusion would have had an anti-dilutive effect, for the periods presented (in millions):

 

 

 

Three Months Ended

 

 

 

July 31, 2026

 

 

July 25, 2025

 

Employee equity award plans

 

 

1