Three-Statement Breakdown
REVENUE UP
Revenue rose 5.4% year over year to $4.2B, and carried a 10.7% net margin.
REVENUE
+5.4%
4,208
GROSS PROFIT
+4.7%
2,481
NET INCOME
-10.5%
452
EPS (DILUTED)
-6.1%
$3.07
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
2,714 | 2,894 | 3,198 | 3,461 | 3,617 | 3,812 | 3,991 | 4,208 | +5.4% |
| Cost of revenue |
|
(953) | (988) | (1,133) | (1,269) | (1,384) | (1,511) | (1,621) | (1,728) | +6.6% |
| Gross profit |
|
1,761 | 1,906 | 2,065 | 2,192 | 2,233 | 2,301 | 2,370 | 2,481 | +4.7% |
| Research & development |
|
(246) | (261) | (269) | (335) | (391) | (406) | (471) | (514) | +9.1% |
| SG&A |
|
(574) | (516) | (548) | (553) | (584) | (601) | (622) | (657) | +5.6% |
| Operating income |
|
362 | 549 | 659 | 783 | 676 | 637 | 533 | 567 | +6.3% |
| Interest expense |
|
(43) | (49) | (69) | (72) | (11) | (18) | (27) | (31) | +13.4% |
| Income tax |
|
(45) | (53) | (46) | (63) | (127) | (106) | (82) | (150) | +83.2% |
| Net income |
|
298 | 478 | 557 | 652 | 524 | 548 | 505 | 452 | -10.5% |
| EPS (diluted) |
|
$1.76 | $2.90 | $3.37 | $3.93 | $3.26 | $3.52 | $3.27 | $3.07 | -6.1% |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM2,370
REVENUE+217
COST OF REVENUE-107
ROUNDING+1
TO2,481
No bridge for this line yet — select Gross profit to see its YoY walk.
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SRC 10-Q FILED 2026-08-07 ↗