Three-Statement Breakdown
REVENUE UP
Revenue rose 4.5% year over year to $8.1B, and carried a 13.5% net margin.
REVENUE
+4.5%
8,093
GROSS PROFIT
+8.8%
3,218
NET INCOME
-59.4%
1,094
EPS (DILUTED)
-59.2%
$7.94
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
6,992 | 7,136 | 6,684 | 7,907 | 7,844 | 7,684 | 7,746 | 8,093 | +4.5% |
| Cost of revenue |
|
(4,433) | (4,515) | (4,210) | (4,937) | (4,939) | (4,817) | (4,787) | (4,874) | +1.8% |
| Gross profit |
|
2,560 | 2,621 | 2,474 | 2,970 | 2,905 | 2,868 | 2,959 | 3,218 | +8.8% |
| Research & development |
|
(143) | (141) | (142) | (158) | (151) | (139) | (150) | (165) | +10.5% |
| SG&A |
|
(1,716) | (1,599) | (1,541) | (1,688) | (1,625) | (1,648) | (1,752) | (1,845) | +5.3% |
| Operating income |
|
843 | 975 | 933 | 1,282 | 1,280 | 1,219 | 1,206 | 1,373 | +13.8% |
| Interest expense |
|
(131) | (126) | (112) | (106) | (116) | (131) | (131) | (110) | -16.3% |
| Income tax |
|
(134) | (165) | (158) | (277) | (200) | (179) | (357) | (277) | -22.5% |
| Net income |
|
570 | 678 | 683 | 1,124 | 1,065 | 1,057 | 2,697 | 1,094 | -59.4% |
| EPS (diluted) |
|
$3.75 | $4.61 | $4.70 | $7.74 | $7.42 | $7.52 | $19.45 | $7.94 | -59.2% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM2,959
REVENUE+347
COST OF REVENUE-87
ROUNDING-1
TO3,218
No bridge for this line yet — select Gross profit to see its YoY walk.
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SRC 10-Q FILED 2026-07-23 ↗