The following table presents the revenue, segment cost of revenue, significant segment expenses, and other segment items that are reflected in operating income of the Company’s reportable operating segment under its internal management reporting system, along with a reconciliation to condensed consolidated net income. This presentation aligns with how the CODM reviews financial information, using both operating income and net income to evaluate performance and allocate resources.

In the financial information presented below, Segment cost of revenue, Segment research and development and Segment selling, general and administrative consist of Cost of revenue, Research and development and Selling, general and administrative, respectively, as reported in the Company’s Condensed Consolidated Statement of Operations, less stock-based compensation costs allocated to those captions. Additional significant segment expenses include Stock-based compensation. Other segment items include Business separation costs, Employee termination and other, and Loss on business divestiture, and in past comparative periods, Business separation costs, Employee termination and other, and Loss on business divestiture.


	Three Months Ended
	October 2, 2026		October 3, 2025
	(in millions)
Revenue	$	11,031	$	2,308
Segment cost of revenue	(1,647)		(1,617)
Segment research and development	(350)		(293)
Segment selling, general and administrative	(163)		(153)
Stock-based compensation	(91)		(53)
Other segment items	—		(16)
Operating income	8,780		176
Total interest and other income (expense), net	539		(52)
Income tax expense	(1,218)		(12)
Net income	$	8,101	$	112