Three-Statement Breakdown
REVENUE UP
Revenue rose 3.0% year over year to $18.0B, and carried a 12.7% net margin.
REVENUE
+3.0%
18,016
GROSS PROFIT
+7.1%
9,519
NET INCOME
+16.5%
2,293
EPS (DILUTED)
+17.8%
$4.04
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17,408 | 18,372 | 16,785 | 12,932 | 1,660 | 15,165 | 17,492 | 18,016 | +3.0% | |
| Cost of revenue |
|
(9,976) | (10,557) | (9,776) | (7,202) | (7,498) | (7,738) | (8,607) | (8,497) | -1.3% |
| Gross profit | 7,432 | 7,815 | 7,009 | 7,563 | 6,306 | 7,427 | 8,885 | 9,519 | +7.1% | |
| Research & development |
|
(436) | (454) | (439) | (347) | (385) | (523) | (781) | (771) | -1.3% |
| SG&A |
|
(4,269) | (4,457) | (3,986) | (3,494) | (3,614) | (4,186) | (5,142) | (5,103) | -0.8% |
| Interest expense |
|
-159 | -174 | -156 | (147) | -194 | -34 | -175 | -237 | — |
| Income tax |
|
(443) | (531) | (345) | (346) | (549) | (642) | (415) | (696) | +67.7% |
| Net income | 2,203 | 2,306 | 1,965 | 2,303 | 3,231 | 13,219 | 1,968 | 2,293 | +16.5% | |
| EPS (diluted) | $3.46 | $3.71 | $3.24 | $3.82 | $5.41 | $22.88 | $3.43 | $4.04 | +17.8% | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM8,885
REVENUE+524
COST OF REVENUE+110
TO9,519
No bridge for this line yet — select Gross profit to see its YoY walk.
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM
SRC 10-Q FILED 2026-08-04 ↗