Three-Statement Breakdown
REVENUE UP
Revenue rose 15% year over year to $7.2B, and carried a 23.0% net margin.
REVENUE
+15.1%
7,246
GROSS PROFIT
+15.1%
4,256
NET INCOME
+17.9%
1,664
EPS (DILUTED)
+17.7%
$8.59
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
3,347 | 3,758 | 4,187 | 4,983 | 4,860 | 5,228 | 6,297 | 7,246 | +15.1% |
| Cost of revenue |
|
(1,368) | (1,524) | (1,705) | (2,092) | (2,054) | (2,223) | (2,600) | (2,989) | +15.0% |
| Gross profit |
|
1,980 | 2,234 | 2,481 | 2,890 | 2,807 | 3,005 | 3,697 | 4,256 | +15.1% |
| Research & development |
|
(568) | (605) | (652) | (779) | (835) | (905) | (994) | (1,126) | +13.3% |
| SG&A |
|
(478) | (519) | (624) | (721) | (944) | (1,008) | (1,109) | (1,254) | +13.1% |
| Operating income |
|
778 | 946 | 1,054 | 1,219 | 1,028 | 1,092 | 1,594 | 1,876 | +17.7% |
| Income tax |
|
(129) | (35) | (111) | (125) | (91) | -89 | (284) | (351) | +23.5% |
| Net income |
|
694 | 952 | 992 | 1,082 | 974 | 1,290 | 1,411 | 1,664 | +17.9% |
| EPS (diluted) |
|
$3.66 | $4.99 | $5.17 | $5.61 | $5.04 | $6.71 | $7.30 | $8.59 | +17.7% |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM3,697
REVENUE+949
COST OF REVENUE-389
ROUNDING-1
TO4,256
No bridge for this line yet — select Gross profit to see its YoY walk.
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SRC 10-Q FILED 2026-07-29 ↗