v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 02, 2026
Jul. 03, 2026
Current assets:    
Cash and cash equivalents $ 5,136 $ 4,762
Accounts receivable, net 6,585 4,708
Inventories 3,016 2,698
Income tax receivable 41 22
Other current assets 574 590
Total current assets 15,352 12,780
Non-current assets:    
Marketable equity securities 2,289 1,777
Property, plant and equipment, net 705 674
Notes receivable and investments in Flash Ventures 827 678
Goodwill 4,995 4,994
Income tax receivable, non-current 186 169
Deferred tax assets 69 66
Other non-current assets 1,370 1,369
Total assets 25,793 22,507
Current liabilities:    
Accrued expenses 329 313
Accrued compensation 447 657
Refund liabilities 1,597 1,500
Contract liabilities 777 849
Income tax payable, current 1,516 1,286
Total current liabilities 5,951 5,581
Non-current liabilities:    
Non-current contract liabilities 752 393
Deferred tax liabilities 144 161
Income tax payable, non-current 431 258
Other liabilities 381 378
Total liabilities 7,659 6,771
Commitments and contingencies (Notes 10, 11, 14 and 15)
Shareholders’ equity:    
Common stock, $0.01 par value; authorized — 450 shares; issued — 150 shares and outstanding — 144 shares (as of July 3, 2026 issued — 149000000 shares and outstanding — 146000000 shares) 2 1
Treasury stock (9,581) (4,537)
Additional paid-in capital 10,211 10,879
Accumulated other comprehensive loss (248) (256)
Retained earnings 17,750 9,649
Total shareholders’ equity [1] 18,134 15,736
Total liabilities and shareholders’ equity 25,793 22,507
Nonrelated Party    
Current liabilities:    
Accounts payable 736 516
Related Party    
Current liabilities:    
Accounts payable $ 549 $ 460
[1] Amounts may not sum due to rounding.