Three-Statement Breakdown
REVENUE UP
Revenue rose 5.4% year over year to $2.3B, and carried a 25.7% net margin.
REVENUE
+5.4%
2,322
GROSS PROFIT
+2.8%
1,224
NET INCOME
+11.2%
597
EPS (DILUTED)
+11.8%
$15.55
| Income statement | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|
| Revenue |
|
1,591 | 1,844 | 2,086 | 2,203 | 2,322 | +5.4% |
| Cost of revenue |
|
(786) | (871) | (973) | (1,012) | (1,098) | +8.5% |
| Gross profit |
|
805 | 973 | 1,112 | 1,191 | 1,224 | +2.8% |
| Research & development |
|
(250) | (255) | (267) | (265) | (301) | +13.4% |
| SG&A |
|
(331) | (433) | (483) | (490) | (476) | -2.9% |
| Operating income |
|
474 | 475 | 629 | 701 | 748 | +6.7% |
| Interest expense |
|
(8) | (36) | (66) | (66) | (56) | -14.4% |
| Income tax |
|
(68) | (47) | (116) | (114) | (124) | +8.3% |
| Net income |
|
400 | 397 | 468 | 537 | 597 | +11.2% |
| EPS (diluted) |
|
$10.36 | $10.25 | $12.04 | $13.91 | $15.55 | +11.8% |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM1,191
REVENUE+119
COST OF REVENUE-86
TO1,224
No bridge for this line yet — select Gross profit to see its YoY walk.
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SRC 10-Q FILED 2026-07-01 ↗