v3.26.3
Net Income (Loss) per Common Share
 3 Months Ended
Oct. 02, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) per Common Share Net Income per Common Share
The following table presents the computation of basic and diluted net income per common share:
Three Months Ended
October 2,
2026		October 3,
2025
(in millions, except per share amounts)
Net income$8,101 $112 
Weighted average shares outstanding:
Basic146 146 
Diluted (1)
154 149 
Net income per common share:
Basic$55.49 $0.77 
Diluted$52.60 $0.75 
(1) For the three months ended October 2, 2026 and October 3, 2025, an insignificant number of weighted average outstanding awards were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive.
Basic net income per share is computed using (i) net income divided by (ii) weighted average basic shares outstanding. Diluted net income per share is computed as (i) net income divided by (ii) weighted average diluted shares outstanding. The treasury stock method is used to determine the dilutive impact of unvested equity awards.
Potentially dilutive shares include dilutive outstanding employee RSUs, PSUs, and rights to purchase shares of common stock under the ESPP.