Three-Statement Breakdown
REVENUE UP
Revenue rose 7.5% year over year to $11.2B, and carried a 10.5% net margin.
REVENUE
+7.5%
11,167
GROSS PROFIT
+13.1%
3,806
NET INCOME
+10.8%
1,170
EPS (DILUTED)
+13.1%
$6.83
| Income statement | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
4,364 | 8,200 | 7,556 | 7,822 | 8,362 | 9,677 | 10,387 | 11,167 | +7.5% |
| Cost of revenue |
|
(3,130) | (5,922) | (5,419) | (5,453) | (5,822) | (6,733) | (7,021) | (7,361) | +4.8% |
| Gross profit |
|
1,234 | 2,278 | 2,137 | 2,369 | 2,540 | 2,944 | 3,366 | 3,806 | +13.1% |
| Research & development |
|
(88) | (210) | (162) | (176) | (209) | (218) | (206) | (223) | +8.3% |
| SG&A |
|
(633) | (1,167) | (948) | (1,030) | (1,029) | (1,139) | (1,248) | (1,490) | +19.4% |
| Operating income |
|
473 | 663 | 745 | 876 | 1,011 | 1,266 | 1,609 | 1,793 | +11.4% |
| Interest expense |
NOT DISCLOSED
|
— | — | — | — | (186) | (218) | (201) | (225) | +11.9% |
| Income tax |
|
(76) | (120) | (145) | (172) | (213) | (267) | (343) | (409) | +19.2% |
| Net income |
|
295 | 327 | 414 | 558 | 633 | 815 | 1,056 | 1,170 | +10.8% |
| EPS (diluted) |
|
$3.05 | $1.84 | $2.17 | $2.96 | $3.46 | $4.53 | $6.04 | $6.83 | +13.1% |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM3,366
REVENUE+780
COST OF REVENUE-340
TO3,806
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SRC 10-Q FILED 2026-07-22 ↗