Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B | $2.4B | $2.6B | $2.9B | $3.1B | $3.2B | $3.6B | $4.0B |
| YoY | — | — | — | — | +25.9% | +30.4% | +37.2% | +39.6% |
| Cost of goods sold | $1.0B | $992.9M | $1.0B | $1.1B | $1.1B | $1.1B | $1.2B | $1.3B |
| YoY | — | — | — | — | +10.4% | +12.3% | +15.1% | +20.5% |
| Gross profit | $1.4B | $1.4B | $1.6B | $1.8B | $1.9B | $2.0B | $2.4B | $2.7B |
| YoY | — | — | — | — | +37.1% | +43.0% | +51.4% | +51.3% |
| Research & development | $378.9M | $402.9M | $441.8M | $454.3M | $467.0M | $467.4M | $509.3M | $533.5M |
| YoY | — | — | — | — | +23.3% | +16.0% | +15.3% | +17.4% |
| Selling, general & administrative | $277.2M | $284.8M | $302.7M | $325.7M | $342.2M | $345.3M | $362.8M | $397.3M |
| YoY | — | — | — | — | +23.4% | +21.2% | +19.9% | +22.0% |
| Operating income | $569.4M | $491.3M | $677.9M | $818.0M | $945.2M | $997.0M | $1.4B | $1.6B |
| YoY | — | — | — | — | +66.0% | +102.9% | +103.5% | +97.2% |
| Pretax income | $516.3M | $435.6M | $625.9M | $763.4M | $887.2M | $945.9M | $1.3B | $1.5B |
| YoY | — | — | — | — | +71.8% | +117.1% | +111.7% | +102.5% |
| Income tax | $38.3M | $44.3M | $56.2M | $244.9M | $99.5M | $115.0M | $148.5M | $205.8M |
| YoY | — | — | — | — | +159.8% | +159.6% | +164.2% | -16.0% |
| Net income | $478.1M | $391.3M | $569.8M | $518.5M | $787.7M | $830.8M | $1.2B | $1.3B |
| YoY | — | — | — | — | +64.8% | +112.3% | +106.4% | +158.5% |
| EPS — basic | — | $0.79 | $1.15 | $1.05 | — | $1.70 | $2.41 | $2.76 |
| YoY | — | — | — | — | — | +115.2% | +109.6% | +162.9% |
| EPS — diluted | — | $0.78 | $1.14 | $1.04 | — | $1.69 | $2.40 | $2.74 |
| YoY | — | — | — | — | — | +116.7% | +110.5% | +163.5% |
| Weighted shares — basic | — | 496.1M | 496.2M | 494.4M | — | 488.9M | 487.6M | 486.0M |
| Weighted shares — diluted | — | 498.7M | 498.2M | 496.7M | — | 491.7M | 490.5M | 488.8M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.0B | $2.4B | $2.4B | $2.3B | $2.5B | $2.9B | $2.4B | $2.2B |
| YoY | — | — | — | — | +25.5% | +23.7% | +2.6% | -6.7% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.3B | $1.2B | $1.4B | $1.6B | $1.4B | $1.4B | $2.1B | $2.4B |
| YoY | — | — | — | — | +7.5% | +14.1% | +48.4% | +53.8% |
| Inventory | $1.4B | $1.5B | $1.5B | $1.6B | $1.7B | $1.8B | $1.8B | $1.9B |
| YoY | — | — | — | — | +14.4% | +19.8% | +21.2% | +21.0% |
| Total current assets | $5.5B | $5.7B | $5.6B | $6.9B | $7.1B | $7.6B | $7.8B | $7.1B |
| YoY | — | — | — | — | +29.6% | +32.6% | +39.7% | +2.1% |
| Total assets | $48.2B | $48.0B | $47.3B | $48.2B | $48.0B | $48.0B | $47.9B | $48.4B |
| YoY | — | — | — | — | -0.5% | +0.0% | +1.3% | +0.5% |
| Total current liabilities | $3.0B | $3.0B | $2.7B | $3.0B | $3.2B | $4.3B | $4.5B | $5.7B |
| YoY | — | — | — | — | +8.6% | +45.8% | +65.6% | +89.9% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $35.2B | $35.1B | $35.0B | $34.1B | $33.8B | $33.8B | $33.7B | $33.6B |
| YoY | — | — | — | — | -3.9% | -3.7% | -3.6% | -1.6% |
| Shares outstanding | 496.3M | 496.0M | 496.2M | 492.0M | 489.7M | 488.2M | 487.1M | 484.6M |
| YoY | — | — | — | — | -1.3% | -1.6% | -1.8% | -1.5% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.1B | $1.1B | $819.5M | $1.2B | $1.7B | $1.4B | $872.0M | $1.6B |
| YoY | — | — | — | — | +61.9% | +21.5% | +6.4% | +37.7% |
| Capital expenditures | $165.4M | $149.0M | $90.3M | $79.2M | $215.2M | $109.3M | $137.7M | $145.7M |
| YoY | — | — | — | — | +30.1% | -26.6% | +52.5% | +84.0% |
| Free cash flow | $885.4M | $977.8M | $729.2M | $1.1B | $1.5B | $1.3B | $734.3M | $1.5B |
| YoY | — | — | — | — | +67.8% | +28.8% | +0.7% | +34.3% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $94.9M | $160.4M | $248.6M | $1.1B | $680.5M | $516.5M | $772.9M | $1.2B |
| YoY | — | — | — | — | +617.1% | +222.0% | +210.9% | +7.6% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 58.0% | 59.0% | 61.0% | 62.1% | 63.1% | 64.7% | 67.3% | 67.3% |
| Operating margin | 23.3% | 20.3% | 25.7% | 28.4% | 30.7% | 31.5% | 38.1% | 40.1% |
| Net margin | 19.6% | 16.1% | 21.6% | 18.0% | 25.6% | 26.3% | 32.5% | 33.3% |
| Free cash flow margin | 36.2% | 40.4% | 27.6% | 37.7% | 48.3% | 39.8% | 20.3% | 36.3% |
| Effective tax rate | 7.4% | 10.2% | 9.0% | 32.1% | 11.2% | 12.2% | 11.2% | 13.3% |
| Current ratio | 1.84x | 1.93x | 2.08x | 2.32x | 2.19x | 1.76x | 1.75x | 1.25x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Information Technology), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| ADI FY25 · this stock | $11.0B | +16.9% | 61.5% | 26.6% | 20.6% | 38.8% |
| AAPL FY25 | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| MSFT FY26 | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| NVDA FY26 | $215.9B | +65.5% | 71.1% | 60.4% | 55.6% | — |
| MU FY26 | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| IBM FY25 | $67.5B | +7.6% | 58.2% | — | 15.7% | 17.9% |
| ORCL FY26 | $67.4B | +17.3% | — | 30.6% | 25.4% | -35.2% |
| CSCO FY26 | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| INTC FY25 | $52.9B | -0.5% | 34.8% | -4.2% | -0.5% | -9.4% |
| AVGO FY24 | $51.6B | +44.0% | 63.0% | 26.1% | — | 37.6% |
| QCOM FY25 | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.