v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Net sales $ 94,036 $ 85,777 $ 313,695 $ 296,105
Cost of sales 50,318 46,099 166,835 159,301
Gross margin 43,718 39,678 146,860 136,804
Operating expenses:        
Research and development 8,866 8,006 25,684 23,605
Selling, general and administrative 6,650 6,320 20,553 19,574
Total operating expenses 15,516 14,326 46,237 43,179
Operating income 28,202 25,352 100,623 93,625
Other income/(expense), net (171) 142 (698) 250
Income before provision for income taxes 28,031 25,494 99,925 93,875
Provision for income taxes 4,597 4,046 15,381 14,875
Net income $ 23,434 $ 21,448 $ 84,544 $ 79,000
Earnings per share:        
Basic (in dollars per share) $ 1.57 $ 1.40 $ 5.64 $ 5.13
Diluted (in dollars per share) $ 1.57 $ 1.40 $ 5.62 $ 5.11
Shares used in computing earnings per share:        
Basic (in shares) 14,902,886 15,287,521 14,992,898 15,401,047
Diluted (in shares) 14,948,179 15,348,175 15,051,726 15,463,175
Products        
Net sales $ 66,613 $ 61,564 $ 233,287 $ 224,908
Cost of sales 43,620 39,803 147,097 140,667
Services        
Net sales 27,423 24,213 80,408 71,197
Cost of sales $ 6,698 $ 6,296 $ 19,738 $ 18,634