Basic net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed using the treasury stock method, for dilutive stock options, and restricted stock units. The following table reconciles the inputs to the basic and diluted computations for net income per share.


	Three Months Ended
		September 27, 2026		September 28, 2025
		(in thousands, except per share data)
Numerator:
Net income		$	2,753,138	$	1,568,660
Denominator:
Basic average shares outstanding		1,250,883		1,264,446
Effect of potential dilutive securities:
Employee stock plans		4,885		4,867


Diluted average shares outstanding		1,255,768		1,269,313
Net income per share - basic		$	2.20	$	1.24
Net income per share - diluted		$	2.19	$	1.24

For purposes of computing diluted net income per share, weighted-average shares of common stock do not include potentially dilutive securities that are anti-dilutive under the treasury stock method. These anti-dilutive securities, including options and RSUs, were not material for the three months ended September 27, 2026 and September 28, 2025.