In the third quarter, the company:

  • Reported a total cash and investments balance of $6.8 billion and debt of $6.2 billion as of April 30, 2026.
  • Repurchased $1.6 billion of stock, and received Board approval for a new $8 billion repurchase authorization.
  • Received Board approval for a quarterly dividend of $1.20 per share, payable July 17, 2026. This represents a 15 percent increase per share compared to the same period last year.

The company also announced it is reducing its full-time workforce by 17 percent to simplify its organizational structure and become a faster, leaner, more focused company. It estimates that it will incur approximately $300 million to $340 million in restructuring charges, largely recognized in its fourth fiscal quarter ending July 31, 2026.