Three-Statement Breakdown
REVENUE UP
Revenue rose 18% year over year to $6.7B, and carried a -4.5% net margin.
REVENUE
+18.2%
6,656
GROSS PROFIT
+24.4%
3,810
NET INCOME
—
-298
EPS (DILUTED)
—
-$1.62
| Income statement | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
2,668 | 3,089 | 3,373 | 3,505 | 5,350 | 5,350 | 5,634 | 6,656 | +18.2% |
| Cost of revenue |
|
(1,524) | (1,542) | (1,535) | (1,535) | (3,065) | (3,108) | (2,571) | (2,847) | +10.7% |
| Gross profit |
|
1,145 | 1,547 | 1,838 | 1,969 | 2,285 | 2,242 | 3,062 | 3,810 | +24.4% |
| Research & development |
|
(230) | (296) | (317) | (407) | (888) | (948) | (1,005) | (1,075) | +6.9% |
| SG&A |
|
(281) | (318) | (390) | (511) | (840) | (716) | (883) | (874) | -1.0% |
| Operating income |
|
207 | 425 | 629 | 474 | -1,165 | -3,591 | -4,391 | -104 | — |
| Interest expense |
NOT DISCLOSED
|
— | — | — | — | (130) | (141) | (167) | (151) | -9.5% |
| Income tax |
|
-101 | (54) | (89) | (47) | -213 | (41) | -12 | (100) | — |
| Net income |
|
334 | 404 | 589 | 418 | -1,125 | -3,744 | -4,479 | -298 | — |
| EPS (diluted) |
|
$2.90 | $3.54 | $5.09 | $3.58 | -$7.03 | -$22.01 | -$25.58 | -$1.62 | — |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · GROSS PROFIT · YoY BRIDGE
FROM3,062
REVENUE+1,023
COST OF REVENUE-275
TO3,810
No bridge for this line yet — select Gross profit to see its YoY walk.
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SRC 10-Q FILED 2026-08-07 ↗