Three-Statement Breakdown
REVENUE UP
Revenue rose 5.8% year over year to $3.5B, and carried a 14.0% net margin.
REVENUE
+5.8%
3,458
GROSS PROFIT
+6.5%
1,539
NET INCOME
-4.3%
483
EPS (DILUTED)
-3.5%
$6.41
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
2,484 | 2,495 | 2,352 | 2,765 | 3,182 | 3,274 | 3,269 | 3,458 | +5.8% |
| Cost of revenue |
|
(1,366) | (1,370) | (1,324) | (1,540) | (1,755) | (1,827) | (1,824) | (1,919) | +5.2% |
| Gross profit |
|
1,118 | 1,125 | 1,027 | 1,224 | 1,427 | 1,447 | 1,445 | 1,539 | +6.5% |
| Research & development |
|
(48) | (56) | (48) | (50) | (61) | (68) | (67) | (70) | +3.9% |
| SG&A |
|
(537) | (525) | (495) | (578) | (653) | (704) | (759) | (819) | +7.9% |
| Operating income |
|
569 | 579 | 521 | 637 | 751 | 732 | 677 | 699 | +3.3% |
| Interest expense |
|
(44) | (44) | (45) | (41) | (41) | (52) | -44 | -64 | — |
| Income tax |
|
(118) | (107) | (92) | (130) | (163) | (165) | (135) | (150) | +11.4% |
| Net income |
|
411 | 426 | 378 | 449 | 587 | 596 | 505 | 483 | -4.3% |
| EPS (diluted) |
|
$5.29 | $5.56 | $4.94 | $5.88 | $7.71 | $7.85 | $6.64 | $6.41 | -3.5% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM1,445
REVENUE+189
COST OF REVENUE-95
TO1,539
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SRC 10-Q FILED 2026-07-29 ↗