Three-Statement Breakdown
REVENUE UP
Revenue rose 3.7% year over year to $2.9B, and carried a 8.4% net margin.
REVENUE
+3.7%
2,856
GROSS PROFIT
—
—
NET INCOME
-10.8%
241
EPS (DILUTED)
-5.9%
$2.07
| Income statement | FY 2018 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
2,778 | 2,884 | 3,783 | 3,828 | 3,312 | 2,751 | 2,755 | 2,856 | +3.7% |
| Cost of revenue |
NOT DISCLOSED
|
(1,437) | — | — | — | — | — | — | — | — |
| Gross profit |
NOT DISCLOSED
|
1,341 | 1,396 | 2,110 | 2,434 | 1,990 | — | — | — | — |
| Research & development |
|
(194) | (189) | (146) | (200) | (222) | (217) | (197) | (216) | +9.7% |
| SG&A |
|
(812) | (815) | (716) | (975) | (1,026) | (1,023) | (994) | (992) | -0.2% |
| Operating income |
|
324 | 362 | 867 | 1,258 | 743 | 301 | 347 | 357 | +2.9% |
| Interest expense |
NOT DISCLOSED
|
(67) | (64) | (50) | — | (104) | (99) | (96) | (92) | -4.3% |
| Income tax |
|
(20) | (9) | (170) | (314) | (139) | (3) | (33) | (28) | -14.1% |
| Net income |
|
238 | 228 | 728 | 943 | 569 | 693 | 270 | 241 | -10.8% |
| EPS (diluted) |
|
$2.13 | $2.04 | $6.49 | $8.08 | $4.50 | $5.55 | $2.20 | $2.07 | -5.9% |
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SRC 10-Q FILED 2026-08-11 ↗