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Net Income per Share
 12 Months Ended
Apr. 25, 2025
Earnings Per Share [Abstract]  
Net Income per Share

14. Net Income per Share

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

 

 

Year Ended

 

 

 

April 25, 2025

 

 

April 26, 2024

 

 

April 28, 2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

1,186

 

 

$

986

 

 

$

1,274

 

Denominator:

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

204

 

 

 

208

 

 

 

217

 

Dilutive impact of employee equity award plans

 

 

5

 

 

 

5

 

 

 

3

 

Shares used in diluted computation

 

 

209

 

 

 

213

 

 

 

220

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

Basic

 

$

5.81

 

 

$

4.74

 

 

$

5.87

 

Diluted

 

$

5.67

 

 

$

4.63

 

 

$

5.79

 

The following table presents the numbers of potential shares of common stock from outstanding employee equity awards that have been excluded from the computation of diluted net income per share, as their inclusion would have had an anti-dilutive effect, for the periods presented (in millions):

 

 

 

Year Ended

 

 

 

April 25, 2025

 

 

April 26, 2024

 

 

April 28, 2023

 

Employee equity award plans

 

 

1

 

 

 

2

 

 

 

6