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Net Income (Loss) Per Share | 6 Months Ended
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Aug. 02, 2025
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share The Company reports both basic net income (loss) per share, which is based on the weighted-average number of common stock outstanding during the period, and diluted net income (loss) per share, which is based on the weighted-average number of common stock outstanding and potentially dilutive shares outstanding during the period. The computations of basic and diluted net income (loss) per share are presented in the following table (in millions, except per share amounts):
| Three Months Ended |  | Six Months Ended
| August 2, 2025 |  | August 3, 2024 |  | August 2, 2025 |  | August 3, 2024
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 194.8 |  |  | $ | (193.3) |  |  | $ | 372.7 |  |  | $ | (408.9) |
Denominator: |  |  |  |  |  |  |
Weighted-average shares — basic | 862.6 |  |  | 865.7 |  |  | 863.7 |  |  | 865.4 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock-based awards | 7.8 |  |  | — |  |  | 9.3 |  |  | — |
Weighted-average shares — diluted | 870.4 |  |  | 865.7 |  |  | 873.0 |  |  | 865.4 |
Net income (loss) per share |  |  |  |  |  |  |
Basic | $ | 0.23 |  |  | $ | (0.22) |  |  | $ | 0.43 |  |  | $ | (0.47) |
Diluted | $ | 0.22 |  |  | $ | (0.22) |  |  | $ | 0.43 |  |  | $ | (0.47) |
Potential dilutive securities include dilutive common stock from stock-based awards attributable to the assumed exercise of stock options, restricted stock units, employee stock purchase plan shares and warrant shares using the treasury stock method. Under the treasury stock method, potential common stock outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive. Anti-dilutive potential shares are presented in the following table (in millions):
| Three Months Ended |  | Six Months Ended
| August 2, 2025 |  | August 3, 2024 |  | August 2, 2025 |  | August 3, 2024
Weighted-average shares outstanding: |  |  |  |  |  |  |
Stock-based awards and warrant shares | 4.5 |  |  | 11.2 |  |  | 5.0 |  |  | 11.5 |
Anti-dilutive potential shares from stock-based awards are excluded from the calculation of diluted earnings per share for all periods reported above because either their exercise price exceeded the average market price during the period or the stock-based awards were determined to be anti-dilutive based on applying the treasury stock method. Anti-dilutive potential shares from stock-based awards are excluded from the calculation of diluted earnings per share for the three and six months ended August 3, 2024 due to the net loss reported in those period.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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