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Step 1
Cook the Pasta: Add macaroni, water, and butter to the Instant Pot. Seal the lid and set to [Pressure Cook] (or Manual) on high for 4 minutes. When done, quick release the pressure.
Step 2
Add the Cheese: Open the lid. Stir in ½ cup of milk, then gradually mix in cheddar and Gruyère, 1 cup at a time, stirring between each addition. Add more milk until it reaches your desired level of creaminess. Season with salt and pepper to taste.
Step 3
Assemble and Broil: Transfer the mac and cheese to a 9x13-inch oven-safe baking dish.
Step 4
Make the Topping: In a bowl, mix panko, melted butter, cheddar, and Parmesan. Spread evenly over the mac and cheese.
Step 5
Finish Under the Broiler: Broil for 4–5 minutes, or until golden and bubbly. Watch closely!
Step 6
Serve Warm: Best enjoyed fresh out of the oven!