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Stockholders' Equity (Tables)
6 Months Ended
Oct. 24, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense

Stock-based compensation expense is included in the condensed consolidated statements of income as follows (in millions):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

October 24, 2025

 

 

October 25, 2024

 

 

October 24, 2025

 

 

October 25, 2024

 

Cost of product revenues

 

$

2

 

 

$

2

 

 

$

3

 

 

$

3

 

Cost of services revenues

 

 

5

 

 

 

6

 

 

 

11

 

 

 

12

 

Sales and marketing

 

 

42

 

 

 

43

 

 

 

76

 

 

 

78

 

Research and development

 

 

34

 

 

 

37

 

 

 

59

 

 

 

68

 

General and administrative

 

 

19

 

 

 

15

 

 

 

36

 

 

 

27

 

Total stock-based compensation expense

 

$

102

 

 

$

103

 

 

$

185

 

 

$

188

 

Summary of Activities Related to Stock Repurchase Program

The following table summarizes activity related to the stock repurchase program for the six months ended October 24, 2025 (in millions, except for per share amounts):

 

Number of shares repurchased

 

 

5.2

 

Average price per share

 

$

106.05

 

Stock repurchases allocated to additional paid-in capital

 

$

77

 

Stock repurchases allocated to retained earnings

 

$

473

 

Remaining authorization at end of period

 

$

902

 

Summary of Activities Related to Dividends on Common Stock

The following is a summary of our activities related to dividends on our common stock (in millions, except per share amounts):

 

 

 

Six Months Ended

 

 

 

October 24, 2025

 

 

October 25, 2024

 

Dividends per share declared

 

$

1.04

 

 

$

1.04

 

Dividend payments allocated to additional paid-in capital

 

$

142

 

 

$

130

 

Dividend payments allocated to retained earnings

 

$

65

 

 

$

83