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Investor Relations

Income Statements

(In millions, except per share amounts) (Unaudited)

Three Months Ended
December 31,
Six Months Ended
December 31,
2024 2023 2024 2023
Revenue:
Product
$ 16,219
$ 18,941
$ 31,491
$ 34,476
Service and other
53,413
43,079
103,726
84,061
Total revenue
69,632
62,020
135,217
118,537
Cost of revenue:
Product
3,856
5,964
7,150
9,495
Service and other
17,943
13,659
34,748
26,430
Total cost of revenue
21,799
19,623
41,898
35,925
Gross margin
47,833
42,397
93,319
82,612
Research and development
7,917
7,142
15,461
13,801
Sales and marketing
6,440
6,246
12,157
11,433
General and administrative
1,823
1,977
3,496
3,451
Operating income
31,653
27,032
62,205
53,927
Other expense, net
(2,288)
(506)
(2,571)
(117)
Income before income taxes
29,365
26,526
59,634
53,810
Provision for income taxes
5,257
4,656
10,859
9,649
Net income
$ 24,108
$ 21,870
$ 48,775
$ 44,161
Earnings per share:
Basic
$ 3.24
$ 2.94
$ 6.56
$ 5.94
Diluted
$ 3.23
$ 2.93
$ 6.53
$ 5.92
Weighted average shares outstanding:
Basic
7,435
7,432
7,434
7,431
Diluted
7,468
7,468
7,469
7,465

IMPORTANT NOTICE TO USERS (summary only, click here for full text of notice) All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our Forms 10-Q and 10-K.
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