Net Income per Share

12 Months Ended

Jul. 25, 2026

The following table presents the calculation of basic and diluted net income per share (in millions, except per-share amounts):


Years Ended	July 25, 2026		July 26, 2025		July 27, 2024
Net income	$	13,267	$	10,180	$	10,320
Weighted-average shares—basic	3,953		3,976		4,043
Effect of dilutive potential common shares	34		22		19
Weighted-average shares—diluted	3,987		3,998		4,062
Net income per share—basic	$	3.36	$	2.56	$	2.55
Net income per share—diluted	$	3.33	$	2.55	$	2.54
Antidilutive employee share-based awards, excluded	8		78		82