Three-Statement Breakdown
REVENUE UP
Revenue rose 11% year over year to $8.8B, and carried a 23.5% net margin.
REVENUE
+11.2%
8,831
GROSS PROFIT
+13.7%
5,311
NET INCOME
+21.0%
2,074
EPS (DILUTED)
+25.2%
$32.08
| Income statement | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
5,223 | 5,103 | 4,798 | 5,429 | 6,585 | 7,940 | 8,831 | +11.2% |
| Cost of revenue |
|
(2,414) | (2,456) | (2,285) | (2,330) | (2,743) | (3,268) | (3,520) | +7.7% |
| Gross profit |
|
2,809 | 2,647 | 2,513 | 3,099 | 3,842 | 4,672 | 5,311 | +13.7% |
| Research & development |
|
(117) | (131) | (106) | (95) | (105) | (107) | (118) | +10.3% |
| SG&A |
|
(748) | (727) | (685) | (748) | (780) | (980) | (945) | -3.6% |
| Operating income |
|
1,926 | 1,751 | 1,691 | 2,215 | 2,923 | 3,531 | 4,165 | +18.0% |
| Income tax |
|
(222) | (87) | (34) | (261) | (417) | (500) | (555) | +11.0% |
| Net income |
|
890 | 699 | 680 | 866 | 1,298 | 1,714 | 2,074 | +21.0% |
| EPS (diluted) |
NOT DISCLOSED
|
— | $8.96 | $10.41 | $13.40 | $22.03 | $25.62 | $32.08 | +25.2% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM4,672
REVENUE+891
COST OF REVENUE-252
TO5,311
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SRC 10-Q FILED 2026-08-04 ↗