Three-Statement Breakdown
REVENUE DOWN
Revenue fell 5.4% year over year to $18.4B, and carried a -0.5% net margin.
REVENUE
-5.4%
18,425
GROSS PROFIT
-8.0%
6,196
NET INCOME
—
-88
EPS (DILUTED)
—
-$0.16
| Income statement | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,044 | 2,046 | 2,189 | 2,134 | 1,957 | 2,038 | 19,487 | 18,425 | -5.4% | |
| Cost of revenue |
|
(11,108) | (11,497) | (11,679) | (12,591) | (13,548) | (12,925) | (12,754) | (12,229) | -4.1% |
| Gross profit | 5,757 | 6,130 | 6,448 | 6,402 | 6,546 | 6,932 | 6,733 | 6,196 | -8.0% | |
| Research & development |
|
(222) | (224) | (239) | (243) | (258) | (258) | (257) | (256) | -0.2% |
| SG&A |
|
(2,936) | (3,152) | (3,080) | (3,147) | (3,500) | (3,259) | (3,446) | (3,388) | -1.7% |
| Operating income |
|
2,516 | 2,954 | 3,145 | 3,476 | 3,434 | 3,432 | 3,305 | 886 | -73.2% |
| Interest expense |
|
(522) | (466) | (420) | (380) | (382) | (479) | (524) | -539 | — |
| Income tax |
|
(368) | (480) | (629) | (586) | (612) | (594) | (574) | (414) | -27.8% |
| Net income | 1,753 | 2,181 | 2,340 | 2,707 | 2,594 | 2,497 | 2,295 | -88 | — | |
| EPS (diluted) | $2.90 | $3.56 | $3.78 | $4.42 | $4.31 | $4.31 | $4.10 | -$0.16 | — | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM6,733
REVENUE-1,062
COST OF REVENUE+525
TO6,196
No bridge for this line yet — select Gross profit to see its YoY walk.
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SRC 10-K FILED 2026-07-01 ↗