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 | $7.0B | $7.2B | $7.1B | $7.3B | $6.8B | $7.0B | $7.9B | $9.1B |
| YoY | — | — | — | — | -3.5% | -2.1% | +11.4% | +24.8% |
| Cost of goods sold | $3.7B | $3.7B | $3.6B | $3.7B | $3.5B | $3.6B | $4.0B | $4.5B |
| YoY | — | — | — | — | -4.7% | -2.5% | +9.6% | +21.1% |
| Gross profit | $3.3B | $3.5B | $3.5B | $3.6B | $3.3B | $3.4B | $3.9B | $4.6B |
| YoY | — | — | — | — | -2.1% | -1.7% | +13.3% | +28.7% |
| Research & development | $858.0M | $859.0M | $893.0M | $901.0M | $917.0M | $928.0M | $1.0B | $1.1B |
| YoY | — | — | — | — | +6.9% | +8.0% | +15.0% | +22.1% |
| Selling, general & administrative | — | $462.0M | $423.0M | $428.0M | $455.0M | $411.0M | $397.0M | $411.0M |
| YoY | — | — | — | — | — | -11.0% | -6.1% | -4.0% |
| Operating income | $2.0B | $2.2B | $2.2B | $2.2B | $1.7B | $1.8B | $2.5B | $3.1B |
| YoY | — | — | — | — | -16.3% | -15.8% | +16.3% | +37.7% |
| Pretax income | $1.9B | $2.1B | $2.3B | $2.6B | $2.3B | $2.3B | $3.2B | $2.9B |
| YoY | — | — | — | — | +19.6% | +9.9% | +38.9% | +13.4% |
| Income tax | $164.0M | $934.0M | $185.0M | $784.0M | $370.0M | $302.0M | $419.0M | $369.0M |
| YoY | — | — | — | — | +125.6% | -67.7% | +126.5% | -52.9% |
| Net income | $1.7B | $1.2B | $2.1B | $1.8B | $1.9B | $2.0B | $2.8B | $2.5B |
| YoY | — | — | — | — | +9.6% | +71.0% | +31.3% | +42.7% |
| EPS — basic | — | $1.46 | $2.64 | $2.23 | — | $2.55 | $3.53 | $3.20 |
| YoY | — | — | — | — | — | +74.7% | +33.7% | +43.5% |
| EPS — diluted | — | $1.45 | $2.63 | $2.22 | — | $2.54 | $3.51 | $3.17 |
| YoY | — | — | — | — | — | +75.2% | +33.5% | +42.8% |
| Weighted shares — basic | — | 814.0M | 809.0M | 798.0M | — | 793.0M | 794.0M | 794.0M |
| Weighted shares — diluted | — | 819.0M | 812.0M | 802.0M | — | 799.0M | 799.0M | 800.0M |
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 | $8.0B | $6.3B | $6.2B | $5.4B | $7.2B | $7.2B | $6.3B | $7.0B |
| YoY | — | — | — | — | -9.7% | +15.2% | +2.1% | +30.7% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $5.2B | $6.0B | $6.2B | $5.8B | $5.2B | $5.0B | $6.4B | $7.7B |
| YoY | — | — | — | — | -0.9% | -17.0% | +3.0% | +33.2% |
| Inventory | $5.4B | $5.5B | $5.7B | $5.8B | $5.9B | $6.0B | $6.3B | $6.6B |
| YoY | — | — | — | — | +9.1% | +9.0% | +12.1% | +13.0% |
| Total current assets | $21.2B | $20.7B | $19.7B | $19.7B | $20.9B | $21.0B | $22.6B | $25.1B |
| YoY | — | — | — | — | -1.6% | +1.7% | +14.5% | +27.3% |
| Total assets | $34.4B | $33.3B | $33.6B | $34.2B | $36.3B | $37.6B | $40.3B | $43.5B |
| YoY | — | — | — | — | +5.5% | +12.9% | +19.8% | +27.2% |
| Total current liabilities | $8.5B | $7.7B | $8.0B | $7.9B | $8.0B | $7.8B | $9.0B | $10.4B |
| YoY | — | — | — | — | -5.5% | +0.2% | +12.5% | +31.4% |
| Total liabilities | $15.4B | $14.7B | $14.7B | $14.7B | $15.9B | $15.9B | $16.4B | $17.9B |
| YoY | — | — | — | — | +3.1% | +8.3% | +11.6% | +21.7% |
| Total equity | $19.0B | $18.6B | $19.0B | $19.5B | $20.4B | $21.7B | $23.9B | $25.6B |
| YoY | — | — | — | — | +7.4% | +16.6% | +26.1% | +31.4% |
| Shares outstanding | 818.0M | — | — | — | 793.0M | — | — | — |
| YoY | — | — | — | — | -3.1% | — | — | — |
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 | $2.6B | $925.0M | $1.6B | $2.6B | $2.8B | $1.7B | $845.0M | $3.0B |
| YoY | — | — | — | — | +9.8% | +82.3% | -46.2% | +15.3% |
| Capital expenditures | $407.0M | $381.0M | $510.0M | $584.0M | $785.0M | $646.0M | $635.0M | $707.0M |
| YoY | — | — | — | — | +92.9% | +69.6% | +24.5% | +21.1% |
| Free cash flow | $2.2B | $544.0M | $1.1B | $2.0B | $2.0B | $1.0B | $210.0M | $2.3B |
| YoY | — | — | — | — | -5.8% | +91.2% | -80.2% | +13.7% |
| Dividends paid | $329.0M | $326.0M | $325.0M | $368.0M | $365.0M | $365.0M | $365.0M | $420.0M |
| YoY | — | — | — | — | +10.9% | +12.0% | +12.3% | +14.1% |
| Share repurchases | $1.4B | $1.3B | $1.7B | $1.1B | $851.0M | $337.0M | $400.0M | $440.0M |
| YoY | — | — | — | — | -41.0% | -74.4% | -76.0% | -58.3% |
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 | 47.3% | 48.8% | 49.1% | 48.8% | 48.0% | 49.0% | 49.9% | 50.3% |
| Operating margin | 29.0% | 30.4% | 30.5% | 30.6% | 25.2% | 26.1% | 31.9% | 33.7% |
| Net margin | 24.6% | 16.5% | 30.1% | 24.4% | 27.9% | 28.9% | 35.5% | 27.8% |
| Free cash flow margin | 30.8% | 7.6% | 14.9% | 28.1% | 30.0% | 14.8% | 2.7% | 25.6% |
| Effective tax rate | 8.7% | 44.1% | 8.0% | 30.6% | 16.3% | 13.0% | 13.0% | 12.7% |
| Current ratio | 2.51x | 2.68x | 2.46x | 2.50x | 2.61x | 2.71x | 2.51x | 2.42x |
| Total liabilities / equity | 0.81x | 0.79x | 0.77x | 0.75x | 0.78x | 0.73x | 0.68x | 0.70x |
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 |
|---|---|---|---|---|---|---|
| AMAT FY25 · this stock | $28.4B | +4.4% | 48.7% | 29.2% | 24.7% | 20.1% |
| 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.