Three-Statement Breakdown
REVENUE UP
Revenue rose 3.8% year over year to $2.8B, and carried a 17.4% net margin.
REVENUE
+3.8%
2,792
GROSS PROFIT
+3.6%
1,540
NET INCOME
+3.7%
484
EPS (DILUTED)
+4.9%
$8.51
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
2,255 | 2,194 | 2,121 | 2,362 | 2,590 | 2,629 | 2,690 | 2,792 | +3.8% |
| Cost of revenue |
|
(1,018) | (1,002) | (991) | (1,038) | (1,164) | (1,203) | (1,204) | (1,252) | +4.0% |
| Gross profit |
|
1,236 | 1,192 | 1,130 | 1,324 | 1,427 | 1,425 | 1,486 | 1,540 | +3.6% |
| Research & development |
|
(59) | (60) | (64) | (59) | (53) | (71) | (65) | (68) | +5.0% |
| SG&A |
|
(734) | (709) | (694) | (709) | (724) | (753) | (812) | (816) | +0.4% |
| Operating income |
|
503 | 483 | 350 | 615 | 702 | 673 | 674 | 712 | +5.6% |
| Interest expense |
|
(50) | (47) | (32) | (25) | (22) | (60) | (89) | (104) | +17.1% |
| Income tax |
|
(71) | (94) | (52) | (120) | (136) | (128) | (118) | (113) | -4.2% |
| Net income |
|
377 | 337 | 250 | 454 | 513 | 487 | 467 | 484 | +3.7% |
| EPS (diluted) |
|
$6.40 | $5.79 | $4.27 | $7.74 | $8.81 | $8.46 | $8.11 | $8.51 | +4.9% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM1,486
REVENUE+102
COST OF REVENUE-48
TO1,540
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SRC 10-Q FILED 2026-08-20 ↗