Three-Statement Breakdown
LITTLE CHANGED
Revenue was little changed at $15.1B year over year, and carried a 2.7% net margin.
REVENUE
-1.5%
15,130
GROSS PROFIT
+1.6%
4,588
NET INCOME
+36.6%
402
EPS (DILUTED)
+35.9%
$2.65
| Income statement | FY 2018 | FY 2019 | FY 2021 | FY 2022 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
13,982 | 12,913 | 12,750 | 15,281 | 16,947 | 15,781 | 15,366 | 15,130 | -1.5% |
| Cost of revenue |
|
(9,131) | (8,680) | (8,432) | (10,189) | (12,663) | (11,848) | (10,851) | (10,542) | -2.8% |
| Gross profit |
|
4,851 | 4,806 | 4,405 | 5,092 | 4,284 | 3,933 | 4,514 | 4,588 | +1.6% |
| Research & development |
|
(276) | (241) | (200) | (276) | (357) | (362) | (329) | (321) | -2.3% |
| SG&A |
|
(3,144) | (2,542) | (2,555) | (3,193) | (3,356) | (3,282) | (3,310) | (3,314) | +0.1% |
| Operating income |
NOT DISCLOSED
|
1,882 | 1,994 | 2,176 | — | — | — | — | — | — |
| Interest expense |
|
(278) | (282) | (223) | (185) | (338) | (559) | (499) | (516) | +3.5% |
| Income tax |
|
(416) | (127) | (38) | (55) | -132 | -94 | -45 | (16) | — |
| Net income |
|
605 | 956 | 1,234 | 1,689 | 1,062 | -310 | 294 | 402 | +36.6% |
| EPS (diluted) |
|
$3.85 | $6.11 | $7.46 | $10.16 | $6.76 | -$2.07 | $1.95 | $2.65 | +35.9% |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM4,514
REVENUE-235
COST OF REVENUE+309
TO4,588
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SRC 10-Q FILED 2026-07-29 ↗