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Net Income per Share
 6 Months Ended
Oct. 25, 2024
Earnings Per Share [Abstract]  
Net Income per Share

12. Net Income per Share

The following is a calculation of basic and diluted net income per share (in millions, except per share amounts):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

October 25,
 2024

 

 

October 27,
2023

 

 

October 25,
 2024

 

 

October 27,
2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

299

 

 

$

233

 

 

$

547

 

 

$

382

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

204

 

 

 

208

 

 

 

205

 

 

 

210

 

Dilutive impact of employee equity award plans

 

 

6

 

 

 

3

 

 

 

6

 

 

 

4

 

Shares used in diluted computation

 

 

210

 

 

 

211

 

 

 

211

 

 

 

214

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.47

 

 

$

1.12

 

 

$

2.67

 

 

$

1.82

 

Diluted

 

$

1.42

 

 

$

1.10

 

 

$

2.59

 

 

$

1.79

 

No potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculation for the three and six months ended October 25, 2024, respectively, while three million and four million shares from outstanding employee equity awards were excluded from the diluted net income per share calculation for the three and six months ended October 27, 2023, respectively, as their inclusion would have been anti-dilutive.