v3.26.1
Stock-based Compensation (Tables)
 3 Months Ended
Jul. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Components and Classification of Stock-Based Compensation Expense
The following table presents the expense classification of stock-based compensation expense recognized by the Company for stock options, restricted stock units, performance share units, and employee stock purchase plans for the three months ended July 31, 2026 and July 25, 2025:
Three Months Ended
(in millions)July 31, 2026July 25, 2025
Stock options$— $1 
Restricted stock units9 5 
Performance share units— 2 
Employee stock purchase plan1 1 
Total stock-based compensation expense$10 $9 
Cost of products sold$1 $1 
Research and development expense4 2 
Selling, general, and administrative expense5 6 
Total stock-based compensation expense10 9 
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions The assumptions used in the Black-Scholes option pricing model for the ESPP were as follows:
Three Months Ended
July 31, 2026
Assumptions used:
Expected life (years)0.5
Risk-free interest rate3.96 %
Volatility33.68 %
Dividend yield— %