Three-Statement Breakdown
REVENUE DOWN
Revenue fell 4.0% year over year to $9.9B, and carried a 20.1% net margin.
REVENUE
-4.0%
9,947
GROSS PROFIT
-8.4%
5,277
NET INCOME
-24.9%
2,002
EPS (DILUTED)
-23.0%
$1.87
| Income statement | 24-09 | 24-12 | 25-03 | 25-06 | 25-09 | 25-12 | 26-03 | QoQ | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10,245 | 11,669 | 10,979 | 10,365 | 11,271 | 12,252 | 10,599 | 9,947 | -6.2% | -4.0% | |
| Cost of revenue | (4,468) | (5,161) | (4,937) | (4,606) | (5,034) | (5,568) | (4,900) | (4,670) | -4.7% | +1.4% | |
| Gross profit |
|
5,777 | 6,508 | 6,042 | 5,759 | 6,237 | 6,684 | 5,699 | 5,277 | -7.4% | -8.4% |
| Research & development | (2,302) | (2,230) | (2,216) | (2,226) | (2,370) | (2,453) | (2,463) | (2,607) | +5.8% | +17.1% | |
| SG&A | (761) | (723) | (706) | (771) | (910) | (865) | (898) | (976) | +8.7% | +26.6% | |
| Operating income | 2,582 | 3,555 | 3,120 | 2,762 | 2,918 | 3,366 | 2,309 | 1,626 | -29.6% | -41.1% | |
| Interest expense | (179) | (163) | (163) | (168) | (171) | (169) | (171) | (178) | +4.1% | +6.0% | |
| Income tax | -319 | (455) | (293) | (286) | (6,088) | (543) | -5,138 | (460) | — | +60.8% | |
| Net income | 2,920 | 3,180 | 2,812 | 2,666 | -3,117 | 3,004 | 7,370 | 2,002 | -72.8% | -24.9% | |
| EPS (diluted) |
NOT DISCLOSED
10-Q
|
— | $2.83 | $2.52 | $2.43 | — | $2.78 | $6.88 | $1.87 | -72.8% | -23.0% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM5,759
REVENUE-418
COST OF REVENUE-64
TO5,277
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SRC 10-Q FILED 2026-07-29 ↗