v3.26.3
Shareholders' Equity (Tables)
3 Months Ended
Oct. 02, 2026
Equity [Abstract]  
Schedule of Award Activity The 2025 Long-Term Incentive Plan terminates on January 25, 2035, unless terminated earlier by the Company’s Board of Directors.
Number of SharesWeighted Average Grant Date Fair Value
(in millions)
RSUs and PSUs outstanding at July 3, 20266.6 $53.99 
Granted0.4 1,652.24 
Vested(1.3)44.49 
Canceled/forfeited— 62.05 
RSUs and PSUs outstanding at October 2, 20265.7 $— 
Schedule of Stock-based Compensation Awards The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of October 2, 2026:
Unamortized Compensation CostsWeighted average service period
(in millions)(years)
RSUs and PSUs$1,298 2.48
ESPP52 0.75
Total unamortized compensation cost$1,350 
Schedule of Stock-based Compensation Expense
The following tables present the Company’s stock-based compensation for equity-settled awards by type, financial statement line, and the related tax benefit included in the Company’s Condensed Consolidated Statements of Operations:
Three Months Ended
October 2,
2026
October 3,
2025
(in millions)
RSUs and PSUs$72 $51 
ESPP19 2 
Total$91 $53 
Three Months Ended
October 2,
2026
October 3,
2025
(in millions)
Cost of revenue$6 $4 
Research and development34 23 
Selling, general and administrative51 26 
Subtotal$91 $53 
Tax benefit(7)(6)
Total$84 $47