Cash Dividends Declared and Paid


	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	August 2, 2026		August 3, 2025		August 2, 2026		August 3, 2025

	(In millions, except per share data)
Dividends per share to common stockholders	$	0.65	$	0.59	$	1.95	$	1.77
Dividends to common stockholders	$	3,103	$	2,786	$	9,281	$	8,345

In April 2025, our Board of Directors authorized a stock repurchase program to repurchase up to $10 billion of our common stock through December 31, 2025, which was subsequently extended through December 31, 2026 and increased to $11 billion. In March 2026, our Board of Directors authorized a stock repurchase program to repurchase up to $10 billion of our common stock from time to time through December 31, 2026. During the three fiscal quarters ended August 2, 2026 and August 3, 2025, we repurchased and retired 25 million and 16 million shares for $8,450 million and $2,450 million, respectively. As of August 2, 2026, $10.1 billion of the authorized amount remained available for repurchase.


	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	August 2, 2026		August 3, 2025		August 2, 2026		August 3, 2025

	(In millions)
Cost of products sold	$	63	$	69	$	193	$	152
Cost of subscriptions and services	161		182		490		455
Research and development	1,344		1,573		4,186		3,564
Selling, general and administrative	451		498		1,418		1,202
Total stock-based compensation expense	$	2,019	$	2,322	$	6,287	$	5,373

During the second quarter of fiscal year 2025, we granted two-year time- and market-based RSU awards (the “Two-Year Equity Awards”), in lieu of our annual employee equity awards historically granted in the second quarter of each fiscal year. Each of the Two-Year Equity Awards vests on the same basis as two annual grants with staggered vesting start dates of March 15, 2025 and March 15, 2026 and successive four-year vesting periods. We recognize stock-based compensation expense related to these awards from the grant date through their respective vesting date, ranging from four to five years.

As of August 2, 2026, the total unrecognized compensation cost related to unvested stock-based awards was $18,221 million, which is expected to be recognized over the remaining weighted-average service period of 2.9 years.

A summary of RSU activity is as follows:


	Number of RSUs Outstanding	Weighted-Average Grant Date Fair Value Per Share

	(In millions, except per share data)
Balance as of November 2, 2025	229	$	127.63
Granted	5	$	333.44
Vested	(57)	$	97.81
Forfeited	(12)	$	140.73
Balance as of August 2, 2026	165	$	142.47

The aggregate fair value of RSUs that vested during the three fiscal quarters ended August 2, 2026 was $19,854 million, which represented the market value of our common stock on the date that the RSUs vested.