Three-Statement Breakdown
LITTLE CHANGED
Revenue was little changed at $3.8B year over year, and carried a 14.3% net margin.
REVENUE
+0.3%
3,830
GROSS PROFIT
+2.1%
1,487
NET INCOME
+2.4%
546
EPS (DILUTED)
+6.1%
$3.85
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
3,188 | 2,993 | 2,895 | 3,539 | 3,754 | 3,853 | 3,818 | 3,830 | +0.3% |
| Cost of revenue |
|
(1,882) | (1,812) | (1,787) | (2,228) | (2,424) | (2,368) | (2,362) | (2,343) | -0.8% |
| Gross profit |
|
1,306 | 1,181 | 1,108 | 1,311 | 1,330 | 1,485 | 1,456 | 1,487 | +2.1% |
| Research & development |
|
(94) | (88) | (81) | (94) | (89) | (98) | (102) | (95) | -6.6% |
| SG&A |
|
(754) | (716) | (660) | (701) | (671) | (727) | (739) | (759) | +2.7% |
| Operating income |
|
613 | 529 | 503 | 682 | 233 | 746 | 708 | 729 | +3.0% |
| Interest expense |
|
(8) | (11) | (7) | (4) | (9) | (12) | (7) | (14) | +101.5% |
| Income tax |
|
(114) | (102) | (99) | (138) | -12 | (177) | (167) | (169) | +0.9% |
| Net income |
|
444 | 370 | 345 | 487 | 236 | 557 | 534 | 546 | +2.4% |
| EPS (diluted) |
|
$2.58 | $2.22 | $2.12 | $3.02 | $1.51 | $3.69 | $3.63 | $3.85 | +6.1% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM1,456
REVENUE+12
COST OF REVENUE+19
TO1,487
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SRC 10-Q FILED 2026-07-30 ↗