v3.25.1
Cash Equivalents and Marketable Securities (Tables)
 3 Months Ended
Apr. 27, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cash Equivalents and Marketable Securities
The following is a summary of cash equivalents and marketable securities:
 Apr 27, 2025
Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Debt securities issued by the U.S. Treasury$23,135 $120 $(4)$23,251 $5,414 $17,837 
Corporate debt securities19,976 85 (10)20,051 2,868 17,183 
Money market funds6,522 — — 6,522 6,522 — 
Debt securities issued by U.S. government agencies2,134 12 (1)2,145 — 2,145 
Certificates of deposit126 — — 126 126 — 
Foreign government bonds
40 1 — 41 — 41 
Total debt securities with fair value adjustments recorded in other comprehensive income51,933 218 (15)52,136 14,930 37,206 
Publicly-held equity securities (1)1,251 — 1,251 
Total$51,933 $218 $(15)$53,387 $14,930 $38,457 
(1)    The balance as of the first quarter of fiscal year 2026 includes an investment in CoreWeave, Inc., or CoreWeave, which was reclassified from non-marketable equity securities to marketable securities following public market trading. The fair value of the investment as of April 27, 2025 was $1 billion and is subject to a short-term restriction on the ability to sell.
 Jan 26, 2025
Amortized
Cost		Unrealized
Gain		Unrealized
Loss		Estimated
Fair Value		Reported as
 Cash EquivalentsMarketable Securities
 (In millions)
Corporate debt securities$18,504 $51 $(29)$18,526 $2,071 $16,455 
Debt securities issued by the U.S. Treasury16,749 42 (22)16,769 1,801 14,968 
Money market funds3,760 — — 3,760 3,760 — 
Debt securities issued by U.S. government agencies2,775 7 (5)2,777 — 2,777 
Foreign government bonds177 — — 177 137 40 
Certificates of deposit97 — — 97 97 — 
Total debt securities with fair value adjustments recorded in other comprehensive income42,062 100 (56)42,106 7,866 34,240 
Publicly-held equity securities
381 — 381 
Total$42,062 $100 $(56)$42,487 $7,866 $34,621 
The amortized cost and estimated fair value of debt securities included in cash equivalents and marketable securities are shown below by contractual maturity.
Apr 27, 2025Jan 26, 2025
Amortized CostEstimated Fair ValueAmortized CostEstimated Fair Value
(In millions)
Less than one year$25,756 $25,781 $18,426 $18,450 
Due in 1 - 5 years26,177 26,355 23,636 23,656 
Total$51,933 $52,136 $42,062 $42,106 
Schedule of Investments in a Continuous Unrealized Loss Position
The following table provides the breakdown of unrealized losses, aggregated by investment category and length of time that individual debt securities have been in a continuous loss position:
Apr 27, 2025Jan 26, 2025
 Less than 12 MonthsLess than 12 Months
 Estimated Fair ValueGross Unrealized LossEstimated Fair ValueGross Unrealized Loss
 (In millions)
Debt securities issued by the U.S. Treasury$6,854 $(4)$6,315 $(22)
Corporate debt securities2,775 (10)5,291 (29)
Debt securities issued by U.S. government agencies321 (1)816 (5)
Total$9,950 $(15)$12,422 $(56)