Three-Statement Breakdown
REVENUE DOWN
Revenue fell 5.4% year over year to $6.7B, and carried a 8.7% net margin.
REVENUE
-5.4%
6,720
GROSS PROFIT
-11.5%
2,844
NET INCOME
-27.5%
587
EPS (DILUTED)
-26.2%
$4.81
| Income statement | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
6,214 | 6,721 | 7,341 | 7,107 | 7,389 | 7,093 | 7,104 | 6,720 | -5.4% |
| Cost of revenue |
|
(3,486) | (3,658) | (4,142) | (4,562) | (4,481) | (4,045) | (3,891) | (3,876) | -0.4% |
| Gross profit |
|
2,728 | 3,063 | 3,199 | 2,545 | 2,908 | 3,048 | 3,213 | 2,844 | -11.5% |
| Research & development |
|
(136) | (145) | (149) | (132) | (138) | (126) | (121) | (116) | -4.1% |
| SG&A |
|
(856) | (969) | (1,004) | (954) | (1,183) | (1,167) | (1,124) | (1,066) | -5.2% |
| Interest expense |
|
(97) | (99) | (99) | (106) | (90) | (90) | (88) | (130) | +47.7% |
| Income tax |
|
(204) | (246) | (181) | (136) | (77) | (106) | (254) | (190) | -25.2% |
| Net income |
|
820 | 939 | 710 | 462 | 149 | 280 | 810 | 587 | -27.5% |
| EPS (diluted) |
|
$6.32 | $7.36 | $5.58 | $3.73 | $1.20 | $2.25 | $6.52 | $4.81 | -26.2% |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM3,213
REVENUE-384
COST OF REVENUE+15
TO2,844
No bridge for this line yet — select Gross profit to see its YoY walk.
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SRC 10-K FILED 2026-08-07 ↗