v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Oct. 02, 2026
Oct. 03, 2025
Income Statement [Abstract]    
Revenue, net $ 11,031 $ 2,308
Cost of revenue 1,653 1,621
Gross profit 9,378 687
Operating expenses:    
Research and development 384 316
Selling, general and administrative 214 179
Business separation costs 0 9
Employee termination and other 0 (3)
Loss on business divestiture 0 10
Total operating expenses 598 511
Operating income 8,780 176
Interest and other income (expense), net:    
Gain on equity securities, net 513 0
Interest income 51 16
Interest expense (2) (40)
Other income (expense), net (23) (28)
Total interest and other income (expense), net 539 (52)
Income before taxes 9,319 124
Income tax expense 1,218 12
Net income $ 8,101 [1] $ 112
Net income per common share:    
Basic (in dollars per share) $ 55.49 $ 0.77
Diluted (in dollars per share) $ 52.60 $ 0.75
Weighted average shares outstanding:    
Basic (in shares) 146 146
Diluted (in shares) 154 149
[1] Amounts may not sum due to rounding.