v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Net sales $ 109,417 $ 94,036 $ 364,357 $ 313,695
Cost of sales 54,647 50,318 185,575 166,835
Gross margin 54,770 43,718 178,782 146,860
Operating expenses:        
Research and development 11,729 8,866 34,035 25,684
Selling, general and administrative 7,346 6,650 22,315 20,553
Total operating expenses 19,075 15,516 56,350 46,237
Operating income 35,695 28,202 122,432 100,623
Other income/(expense), net 572 (171) 670 (698)
Income before provision for income taxes 36,267 28,031 123,102 99,925
Provision for income taxes 6,478 4,597 21,638 15,381
Net income $ 29,789 $ 23,434 $ 101,464 $ 84,544
Earnings per share:        
Basic (in dollars per share) $ 2.03 $ 1.57 $ 6.91 $ 5.64
Diluted (in dollars per share) $ 2.02 $ 1.57 $ 6.88 $ 5.62
Shares used in computing earnings per share:        
Basic (in shares) 14,656,110 14,902,886 14,692,515 14,992,898
Diluted (in shares) 14,714,676 14,948,179 14,750,302 15,051,726
Products        
Net sales $ 78,678 $ 66,613 $ 272,629 $ 233,287
Cost of sales 47,153 43,620 163,810 147,097
Services        
Net sales 30,739 27,423 91,728 80,408
Cost of sales $ 7,494 $ 6,698 $ 21,765 $ 19,738