FY26 Q3 - Income Statements - Investor Relations

Income Statements
(In millions, except per share amounts) (Unaudited)		Three Months Ended March 31,		Nine Months Ended March 31,
(In millions, except per share amounts) (Unaudited)		2026	2025	2026	2025
	Revenue:
	Product	$ 15,089	$ 15,319	$ 47,462	$ 46,810
	Service and other	67,797	54,747	194,370	158,473
	Total revenue	82,886	70,066	241,832	205,283
	Cost of revenue:
	Product	2,733	3,037	9,160	10,187
	Service and other	24,095	18,882	67,689	53,630
	Total cost of revenue	26,828	21,919	76,849	63,817
	Gross margin	56,058	48,147	164,983	141,466
	Research and development	8,915	8,198	25,565	23,659
	Sales and marketing	6,814	6,212	19,115	18,369
	General and administrative	1,931	1,737	5,669	5,233
	Operating income	38,398	32,000	114,634	94,205
	Other income (expense), net	942	(623)	7,253	(3,194)
	Income before income taxes	39,340	31,377	121,887	91,011
	Provision for income taxes	7,562	5,553	23,904	16,412
	Net income	$ 31,778	$ 25,824	$ 97,983	$ 74,599
	Earnings per share:
	Basic	$ 4.28	$ 3.47	$ 13.19	$ 10.03
	Diluted	$ 4.27	$ 3.46	$ 13.14	$ 9.99
	Weighted average shares outstanding:
	Basic	7,426	7,434	7,430	7,434
	Diluted	7,445	7,461	7,457	7,466

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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