v3.25.3
Balance Sheet Components (Tables)
 9 Months Ended
Oct. 26, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
Certain balance sheet components are as follows:
 Oct 26, 2025Jan 26, 2025
Inventories:(In millions)
Raw materials$4,209 $3,408 
Work in process8,735 3,399 
Finished goods6,840 3,273 
Total inventories (1)$19,784 $10,080 
(1)    We recorded inventory provisions of $378 million and $322 million for the third quarter of fiscal years 2026 and 2025, respectively, and $3.6 billion and $876 million for the first nine months of fiscal years 2026 and 2025, respectively, in cost of revenue.
Schedule of Other Assets
 Oct 26, 2025Jan 26, 2025
Other Assets (Long Term):(In millions)
Non-marketable equity securities$8,187 $3,387 
Prepaid supply and capacity agreements (1)1,536 1,747 
Income tax receivable1,369 750 
Other632 541 
Total other assets$11,724 $6,425 
(1)    $2.0 billion and $3.3 billion were included in short-term Prepaid expenses and other current assets as of October 26, 2025 and January 26, 2025, respectively.
Schedule of Accrued and Other Current Liabilities
 Oct 26, 2025Jan 26, 2025
Accrued and Other Current Liabilities:(In millions)
Customer program accruals$4,721 $4,880 
Excess inventory purchase obligations (1)2,770 2,095 
Product warranty
2,707 1,290 
Taxes payable
2,915 881 
Deferred revenue (2)1,248 837 
Accrued payroll and related expenses895 848 
Other1,196 906 
Total accrued and other current liabilities$16,452 $11,737 
(1)    We recorded $32 million and $543 million for the third quarter of fiscal years 2026 and 2025, respectively, and $3.1 billion and $1.3 billion for the first nine months of fiscal years 2026 and 2025, respectively, in cost of revenue.
(2)    Includes customer advances and unearned revenue related to hardware and software support, cloud services, and license and development arrangements. The balance as of October 26, 2025 and January 26, 2025 included $127 million and $81 million of customer advances, respectively.
Schedule of Other Long-term Liabilities
 Oct 26, 2025Jan 26, 2025
Other Long-Term Liabilities:(In millions)
Income tax payable (1)$3,532 $2,188 
Deferred income tax1,621 886 
Deferred revenue (2)1,165 976 
Other376 195 
Total other long-term liabilities$6,694 $4,245 
(1)    Primarily comprised of unrecognized tax benefits and related interest and penalties.

(2)    Includes unearned revenue related to hardware and software support and cloud services.
Schedule of Changes in Deferred Revenue
The following table shows the changes in short- and long-term deferred revenue during the first nine months of fiscal years 2026 and 2025:
Nine Months Ended
 Oct 26, 2025Oct 27, 2024
(In millions)
Balance at beginning of period$1,813 $1,337 
Deferred revenue additions (1)9,785 2,115 
Revenue recognized (2)(9,185)(1,867)
Balance at end of period$2,413 $1,585 
(1)    Includes $8.4 billion and $1.1 billion of customer advances for the first nine months of fiscal years 2026 and 2025, respectively.
(2)    Includes $8.3 billion and $1.2 billion related to customer advances for the first nine months of fiscal years 2026 and 2025, respectively.