v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Aug. 02, 2025
Aug. 03, 2024
Aug. 02, 2025
Aug. 03, 2024
Income Statement [Abstract]        
Net revenue $ 2,006.1 $ 1,272.9 $ 3,901.4 $ 2,433.8
Cost of goods sold 995.5 685.3 1,938.4 1,318.4
Gross profit 1,010.6 587.6 1,963.0 1,115.4
Operating expenses:        
Research and development 519.0 486.7 1,026.7 962.8
Selling, general and administrative 192.8 197.3 379.2 397.2
Restructuring related charges (gains), net 8.7 4.0 (3.6) 8.1
Total operating expenses 720.5 688.0 1,402.3 1,368.1
Operating income (loss) 290.1 (100.4) 560.7 (252.7)
Interest expense (51.9) (48.4) (100.6) (97.2)
Interest income and other, net (4.5) 2.6 (10.5) 5.9
Interest and other loss, net (56.4) (45.8) (111.1) (91.3)
Income (loss) before income taxes 233.7 (146.2) 449.6 (344.0)
Provision for income taxes 38.9 47.1 76.9 64.9
Net income (loss) $ 194.8 $ (193.3) $ 372.7 $ (408.9)
Net income (loss) per share — basic (in dollars per share) $ 0.23 $ (0.22) $ 0.43 $ (0.47)
Net income (loss) per share — diluted (in dollars per share) $ 0.22 $ (0.22) $ 0.43 $ (0.47)
Weighted-average shares:        
Basic (in shares) 862.6 865.7 863.7 865.4
Diluted (in shares) 870.4 865.7 873.0 865.4

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