XML 17 R3.htm IDEA: XBRL DOCUMENT v3.23.3Close
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Sep. 25, 2021
Net sales $ 383,285 $ 394,328 $ 365,817
Cost of sales 214,137 223,546 212,981
Gross margin 169,148 170,782 152,836 Close
Operating expenses:      
Research and development 29,915 26,251 21,914
Selling, general and administrative 24,932 25,094 21,973
Total operating expenses 54,847 51,345 43,887 Close
Operating income 114,301 119,437 108,949 Close
Other income/(expense), net (565) (334) 258 Close
Income before provision for income taxes 113,736 119,103 109,207 Close
Provision for income taxes 16,741 19,300 14,527 Close
Net income $ 96,995 $ 99,803 $ 94,680 Close
Earnings per share:      
Basic (in dollars per share) $ 6.16 $ 6.15 $ 5.67
Diluted (in dollars per share) $ 6.13 $ 6.11 $ 5.61
Shares used in computing earnings per share:      
Basic (in shares) 15,744,231 16,215,963 16,701,272
Diluted (in shares) 15,812,547 16,325,819 16,864,919
Products      
Net sales $ 298,085 $ 316,199 $ 297,392
Cost of sales 189,282 201,471 192,266
Services      
Net sales 85,200 78,129 68,425
Cost of sales $ 24,855 $ 22,075 $ 20,715