Three-Statement Breakdown
REVENUE UP
Revenue rose 7.8% year over year to $4.1B, and carried a 15.8% net margin.
REVENUE
+7.8%
4,067
GROSS PROFIT
+10.2%
1,838
NET INCOME
+7.7%
644
EPS (DILUTED)
+9.1%
$7.44
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
2,732 | 2,854 | 2,720 | 2,867 | 3,272 | 3,651 | 3,772 | 4,067 | +7.8% |
| Cost of revenue |
|
(1,558) | (1,602) | (1,541) | (1,662) | (1,950) | (2,069) | (2,104) | (2,229) | +6.0% |
| Gross profit |
|
1,173 | 1,252 | 1,179 | 1,205 | 1,322 | 1,582 | 1,668 | 1,838 | +10.2% |
| Research & development |
|
(54) | (55) | (54) | (73) | (74) | (102) | (113) | (132) | +17.1% |
| SG&A |
|
(648) | (681) | (636) | (675) | (736) | (866) | (888) | (979) | +10.3% |
| Operating income |
|
526 | 565 | 404 | 530 | 586 | 708 | 781 | 860 | +10.1% |
| Interest expense |
|
(54) | (56) | (51) | (50) | (76) | (93) | (102) | (101) | -1.0% |
| Income tax |
|
(40) | (73) | (51) | (41) | (56) | (77) | (101) | (125) | +23.0% |
| Net income |
|
435 | 402 | 314 | 483 | 458 | 540 | 598 | 644 | +7.7% |
| EPS (diluted) |
|
$4.54 | $4.26 | $3.39 | $5.34 | $5.19 | $6.12 | $6.82 | $7.44 | +9.1% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM1,668
REVENUE+295
COST OF REVENUE-125
TO1,838
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SRC 10-Q FILED 2026-07-23 ↗