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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 24, 2022
Net sales $ 391,035 $ 383,285 $ 394,328
Cost of sales 210,352 214,137 223,546
Gross margin 180,683 169,148 170,782 Close
Operating expenses:      
Research and development 31,370 29,915 26,251
Selling, general and administrative 26,097 24,932 25,094
Total operating expenses 57,467 54,847 51,345 Close
Operating income 123,216 114,301 119,437 Close
Other income/(expense), net 269 (565) (334) Close
Income before provision for income taxes 123,485 113,736 119,103 Close
Provision for income taxes 29,749 16,741 19,300 Close
Net income $ 93,736 $ 96,995 $ 99,803 Close
Earnings per share:      
Basic (in dollars per share) $ 6.11 $ 6.16 $ 6.15
Diluted (in dollars per share) $ 6.08 $ 6.13 $ 6.11
Shares used in computing earnings per share:      
Basic (in shares) 15,343,783 15,744,231 16,215,963
Diluted (in shares) 15,408,095 15,812,547 16,325,819
Products      
Net sales $ 294,866 $ 298,085 $ 316,199
Cost of sales 185,233 189,282 201,471
Services      
Net sales 96,169 85,200 78,129
Cost of sales $ 25,119 $ 24,855 $ 22,075