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Investor Relations

Income Statements

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

Three Months Ended
September 30,
2025 2024
Revenue:
Product
$ 15,922
$ 15,272
Service and other
61,751
50,313
Total revenue
77,673
65,585
Cost of revenue:
Product
2,922
3,294
Service and other
21,121
16,805
Total cost of revenue
24,043
20,099
Gross margin
53,630
45,486
Research and development
8,146
7,544
Sales and marketing
5,717
5,717
General and administrative
1,806
1,673
Operating income
37,961
30,552
Other expense, net
(3,660)
(283)
Income before income taxes
34,301
30,269
Provision for income taxes
6,554
5,602
Net income
$ 27,747
$ 24,667
Earnings per share:
Basic
$ 3.73
$ 3.32
Diluted
$ 3.72
$ 3.30
Weighted average shares outstanding:
Basic
7,433
7,433
Diluted
7,466
7,470
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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