Three-Statement Breakdown
LITTLE CHANGED
Revenue was little changed at $12.1B year over year, and carried a 4.0% net margin.
REVENUE
+1.6%
12,106
GROSS PROFIT
-6.4%
1,892
NET INCOME
-40.6%
478
EPS (DILUTED)
-40.8%
$0.87
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
9,546 | 9,497 | 9,608 | 11,386 | 12,459 | 12,110 | 11,921 | 12,106 | +1.6% |
| Cost of revenue |
|
(7,566) | (7,613) | (7,782) | (9,458) | (10,294) | (10,110) | (9,899) | (10,214) | +3.2% |
| Gross profit |
|
1,979 | 1,885 | 1,826 | 1,928 | 2,165 | 2,000 | 2,022 | 1,892 | -6.4% |
| Research & development |
|
(34) | (32) | (32) | (34) | (35) | (34) | (36) | (35) | -2.5% |
| SG&A |
|
(841) | (728) | (761) | (853) | (879) | (942) | (1,005) | (997) | -0.9% |
| Operating income |
|
1,180 | 1,196 | 1,100 | 1,123 | 1,313 | 1,072 | 1,068 | 719 | -32.7% |
| Interest expense |
|
(26) | (18) | (21) | (43) | (63) | (73) | (81) | (78) | -3.5% |
| Income tax |
|
(169) | (231) | (206) | (217) | (278) | (221) | (231) | (186) | -19.5% |
| Net income |
|
1,012 | 979 | 908 | 909 | 1,000 | 794 | 805 | 478 | -40.6% |
| EPS (diluted) |
|
$1.86 | $1.80 | $1.66 | $1.66 | $1.82 | $1.45 | $1.47 | $0.87 | -40.8% |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM2,022
REVENUE+185
COST OF REVENUE-316
ROUNDING+1
TO1,892
No bridge for this line yet — select Gross profit to see its YoY walk.
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SRC 10-Q FILED 2026-08-27 ↗