Net Income per Share

12 Months Ended

Apr. 26, 2024

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 26, 2024		April 28, 2023		April 29, 2022
Numerator:
Net income	$	986	$	1,274	$	937
Denominator:
Shares used in basic computation		208		217		223
Dilutive impact of employee equity award plans		5		3		6
Shares used in diluted computation		213		220		229
Net Income per Share:
Basic	$	4.74	$	5.87	$	4.20
Diluted	$	4.63	$	5.79	$	4.09

Two million and six million shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for fiscal 2024 and fiscal 2023, respectively, as their inclusion would have been anti-dilutive. No potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculation for fiscal 2022.