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.
| Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.8B | $14.0B | $14.1B | $14.7B | $14.9B | $15.3B | $15.8B | $17.3B |
| YoY | — | — | — | — | +7.5% | +9.7% | +12.0% | +17.6% |
| Cost of goods sold | $4.7B | $4.9B | $4.9B | $5.4B | $5.1B | $5.4B | $5.8B | $6.2B |
| YoY | — | — | — | — | +8.9% | +10.2% | +18.3% | +14.8% |
| Gross profit | $9.1B | $9.1B | $9.3B | $9.3B | $9.7B | $10.0B | $10.1B | $11.1B |
| YoY | — | — | — | — | +6.8% | +9.5% | +8.6% | +19.2% |
| Research & development | $2.3B | $2.3B | $2.3B | $2.4B | $2.4B | $2.4B | $2.4B | $2.4B |
| YoY | — | — | — | — | +5.0% | +2.4% | +1.8% | +2.1% |
| Selling, general & administrative | $3.5B | $3.4B | $3.5B | $3.5B | $3.6B | $3.6B | $3.5B | $3.6B |
| YoY | — | — | — | — | +1.6% | +4.2% | +1.5% | +3.0% |
| Operating income | $2.4B | $3.1B | $3.2B | $3.1B | $3.4B | $3.8B | $4.0B | $4.3B |
| YoY | — | — | — | — | +42.6% | +21.5% | +23.7% | +38.1% |
| Pretax income | $2.3B | $2.9B | $2.9B | $3.0B | $3.4B | $3.6B | $4.0B | $4.9B |
| YoY | — | — | — | — | +49.6% | +26.3% | +37.1% | +64.5% |
| Income tax | $-444.0M | $459.0M | $456.0M | $449.0M | $531.0M | $471.0M | $666.0M | $1.1B |
| YoY | — | — | — | — | +219.6% | +2.6% | +46.1% | +139.2% |
| Net income | $2.7B | $2.4B | $2.5B | $2.5B | $2.9B | $3.2B | $3.4B | $3.9B |
| YoY | — | — | — | — | +5.5% | +30.8% | +35.4% | +51.3% |
| EPS — basic | $0.68 | $0.61 | $0.63 | — | $0.72 | $0.80 | $0.85 | — |
| YoY | — | — | — | — | +5.9% | +31.1% | +34.9% | — |
| EPS — diluted | $0.68 | $0.61 | $0.62 | — | $0.72 | $0.80 | $0.85 | — |
| YoY | — | — | — | — | +5.9% | +31.1% | +37.1% | — |
| Weighted shares — basic | 3.99B | 3.98B | 3.97B | — | 3.96B | 3.96B | 3.95B | — |
| Weighted shares — diluted | 4.01B | 4.00B | 4.00B | — | 3.99B | 3.98B | 3.98B | — |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $9.1B | $8.6B | $8.2B | $8.3B | $8.4B | $7.5B | $7.1B | $7.2B |
| YoY | — | — | — | — | -7.3% | -12.8% | -13.2% | -13.5% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $4.5B | $5.7B | $5.3B | $6.7B | $4.8B | $6.6B | $6.5B | $7.5B |
| YoY | — | — | — | — | +8.3% | +16.5% | +22.8% | +11.5% |
| Inventory | $3.1B | $2.9B | $2.8B | $3.2B | $3.4B | $3.9B | $4.7B | $5.7B |
| YoY | — | — | — | — | +8.0% | +33.9% | +66.2% | +80.0% |
| Total current assets | $35.8B | $34.7B | $32.8B | $35.0B | $32.9B | $35.1B | $36.6B | $38.7B |
| YoY | — | — | — | — | -8.0% | +1.3% | +11.4% | +10.5% |
| Total assets | $123.3B | $121.4B | $119.8B | $122.3B | $121.1B | $123.4B | $125.5B | $129.6B |
| YoY | — | — | — | — | -1.8% | +1.6% | +4.8% | +6.0% |
| Total current liabilities | $40.5B | $40.0B | $34.5B | $35.1B | $35.5B | $36.8B | $39.5B | $41.5B |
| YoY | — | — | — | — | -12.6% | -8.1% | +14.6% | +18.4% |
| Total liabilities | $78.1B | $75.8B | $73.8B | $75.4B | $74.2B | $75.6B | $76.7B | $79.4B |
| YoY | — | — | — | — | -4.9% | -0.3% | +3.8% | +5.2% |
| Total equity | $45.3B | $45.5B | $45.9B | $46.8B | $46.9B | $47.7B | $48.9B | $50.3B |
| YoY | — | — | — | — | +3.5% | +4.8% | +6.4% | +7.3% |
| Shares outstanding | 3.97B | 3.98B | 3.96B | 3.96B | 3.94B | 3.95B | 3.94B | 3.95B |
| YoY | — | — | — | — | -0.9% | -0.7% | -0.5% | -0.4% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.7B | $2.2B | $4.1B | $4.2B | $3.2B | $1.8B | $3.8B | $5.4B |
| YoY | — | — | — | — | -12.3% | -18.7% | -7.4% | +27.2% |
| Capital expenditures | $217.0M | $210.0M | $261.0M | $217.0M | $323.0M | $283.0M | $414.0M | $390.0M |
| YoY | — | — | — | — | +48.8% | +34.8% | +58.6% | +79.7% |
| Free cash flow | $3.4B | $2.0B | $3.8B | $4.0B | $2.9B | $1.5B | $3.3B | $5.0B |
| YoY | — | — | — | — | -16.1% | -24.2% | -11.9% | +24.4% |
| Dividends paid | $1.6B | $1.6B | $1.6B | $1.6B | $1.6B | $1.6B | $1.7B | $1.7B |
| YoY | — | — | — | — | +1.6% | +1.5% | +2.0% | +2.1% |
| Share repurchases | $2.0B | $1.2B | $1.5B | $1.3B | $2.0B | $1.4B | $1.2B | $1.5B |
| YoY | — | — | — | — | -0.5% | +9.9% | -16.9% | +19.9% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 65.9% | 65.1% | 65.6% | 63.2% | 65.5% | 65.0% | 63.6% | 64.1% |
| Operating margin | 17.0% | 22.3% | 22.6% | 21.0% | 22.6% | 24.6% | 25.0% | 24.7% |
| Net margin | 19.6% | 17.4% | 17.6% | 17.4% | 19.2% | 20.7% | 21.3% | 22.4% |
| Free cash flow margin | 24.9% | 14.5% | 26.8% | 27.4% | 19.4% | 10.0% | 21.1% | 29.0% |
| Effective tax rate | -19.6% | 15.9% | 15.5% | 15.0% | 15.7% | 12.9% | 16.5% | 21.8% |
| Current ratio | 0.88x | 0.87x | 0.95x | 1.00x | 0.93x | 0.96x | 0.92x | 0.93x |
| Total liabilities / equity | 1.72x | 1.67x | 1.61x | 1.61x | 1.58x | 1.59x | 1.57x | 1.58x |
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 |
|---|---|---|---|---|---|---|
| CSCO FY26 · this stock | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| 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% |
| 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% | — |
| CRM FY26 | $41.5B | +9.6% | 77.7% | 20.1% | 18.0% | 34.7% |
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.