v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Sep. 26, 2026
Sep. 27, 2025
Sep. 28, 2024
Net sales $ 478,834 $ 416,161 $ 391,035
Cost of sales 245,232 220,960 210,352
Gross margin 233,602 195,201 180,683
Operating expenses:      
Research and development 45,765 34,550 31,370
Selling, general and administrative 29,774 27,601 26,097
Total operating expenses 75,539 62,151 57,467
Operating income 158,063 133,050 123,216
Other income/(expense), net 1,174 (321) 269
Income before provision for income taxes 159,237 132,729 123,485
Provision for income taxes 27,062 20,719 29,749
Net income $ 132,175 $ 112,010 $ 93,736
Earnings per share:      
Basic (in dollars per share) $ 9.01 $ 7.49 $ 6.11
Diluted (in dollars per share) $ 8.98 $ 7.46 $ 6.08
Shares used in computing earnings per share:      
Basic (in shares) 14,661,935 14,948,500 15,343,783
Diluted (in shares) 14,720,306 15,004,697 15,408,095
Products      
Net sales $ 355,533 $ 307,003 $ 294,866
Cost of sales 215,874 194,116 185,233
Services      
Net sales 123,301 109,158 96,169
Cost of sales $ 29,358 $ 26,844 $ 25,119