Three-Statement Breakdown
REVENUE UP
Revenue rose 2.3% year over year to $4.2B, and carried a 15.7% net margin.
REVENUE
+2.3%
4,176
GROSS PROFIT
+5.7%
1,690
NET INCOME
+4.5%
654
EPS (DILUTED)
+5.9%
$3.96
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
2,965 | 2,957 | 3,018 | 3,765 | 4,122 | 4,104 | 4,083 | 4,176 | +2.3% |
| Cost of revenue |
|
(1,917) | (1,906) | (1,960) | (2,446) | (2,757) | (2,585) | (2,484) | (2,486) | +0.1% |
| Gross profit |
|
1,048 | 1,052 | 1,058 | 1,319 | 1,365 | 1,519 | 1,599 | 1,690 | +5.7% |
| Research & development |
|
(77) | (79) | (76) | (86) | (92) | (100) | (94) | (96) | +2.5% |
| SG&A |
|
(534) | (540) | (520) | (596) | (677) | (680) | (701) | (737) | +5.1% |
| Operating income |
|
437 | 432 | 461 | 637 | 595 | 739 | 804 | 858 | +6.7% |
| Interest expense |
NOT DISCLOSED
|
(33) | (30) | — | — | — | — | — | — | — |
| Income tax |
|
(58) | (46) | (75) | (71) | (67) | -4 | (93) | (107) | +14.7% |
| Net income |
|
347 | 356 | 359 | 553 | 481 | 623 | 625 | 654 | +4.5% |
| EPS (diluted) |
|
$1.96 | $2.09 | $2.14 | $3.30 | $2.90 | $3.75 | $3.74 | $3.96 | +5.9% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM1,599
REVENUE+93
COST OF REVENUE-2
TO1,690
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SRC 10-Q FILED 2026-07-28 ↗