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 | $65.6B | $69.6B | $70.1B | $76.4B | $77.7B | $81.3B | $82.9B | $90.0B |
| YoY | — | — | — | — | +18.4% | +16.7% | +18.3% | +17.7% |
| Cost of goods sold | $20.1B | $21.8B | $21.9B | $24.0B | $24.0B | $26.0B | $26.8B | $29.5B |
| YoY | — | — | — | — | +19.6% | +19.2% | +22.4% | +22.9% |
| Gross profit | $45.5B | $47.8B | $48.1B | $52.4B | $53.6B | $55.3B | $56.1B | $60.5B |
| YoY | — | — | — | — | +17.9% | +15.6% | +16.4% | +15.4% |
| Research & development | $7.5B | $7.9B | $8.2B | $8.8B | $8.1B | $8.5B | $8.9B | $10.0B |
| YoY | — | — | — | — | +8.0% | +7.4% | +8.7% | +13.2% |
| Selling, general & administrative | $7.4B | $8.3B | $7.9B | $9.3B | $7.5B | $8.5B | $8.7B | $9.9B |
| YoY | — | — | — | — | +1.8% | +3.1% | +10.0% | +6.5% |
| Operating income | $30.6B | $31.7B | $32.0B | $34.3B | $38.0B | $38.3B | $38.4B | $40.6B |
| YoY | — | — | — | — | +24.3% | +20.9% | +20.0% | +18.3% |
| Pretax income | $30.3B | $29.4B | $31.4B | $32.6B | $34.3B | $48.2B | $39.3B | $44.0B |
| YoY | — | — | — | — | +13.3% | +64.3% | +25.4% | +35.0% |
| Income tax | $5.6B | $5.3B | $5.6B | $5.4B | $6.6B | $9.8B | $7.6B | $8.3B |
| YoY | — | — | — | — | +17.0% | +86.2% | +36.2% | +53.8% |
| Net income | $24.7B | $24.1B | $25.8B | $27.2B | $27.7B | $38.5B | $31.8B | $35.8B |
| YoY | — | — | — | — | +12.5% | +59.5% | +23.1% | +31.3% |
| EPS — basic | $3.32 | $3.24 | $3.47 | — | $3.73 | $5.18 | $4.28 | — |
| YoY | — | — | — | — | +12.3% | +59.9% | +23.3% | — |
| EPS — diluted | $3.30 | $3.23 | $3.46 | — | $3.72 | $5.16 | $4.27 | — |
| YoY | — | — | — | — | +12.7% | +59.8% | +23.4% | — |
| Weighted shares — basic | 7.43B | 7.43B | 7.43B | — | 7.43B | 7.43B | 7.43B | — |
| Weighted shares — diluted | 7.47B | 7.47B | 7.46B | — | 7.47B | 7.46B | 7.45B | — |
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 | $20.8B | $17.5B | $28.8B | $30.2B | $28.8B | $24.3B | $32.1B | $20.9B |
| YoY | — | — | — | — | +38.4% | +39.0% | +11.4% | -30.8% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $44.1B | $48.2B | $51.7B | $69.9B | $52.9B | $56.5B | $60.0B | $80.9B |
| YoY | — | — | — | — | +19.8% | +17.3% | +16.1% | +15.7% |
| Inventory | $1.6B | $909.0M | $848.0M | $938.0M | $1.1B | $1.1B | $1.2B | $1.4B |
| YoY | — | — | — | — | -30.5% | +16.5% | +43.8% | +48.9% |
| Total current assets | $149.9B | $147.1B | $156.6B | $191.1B | $189.1B | $180.2B | $175.3B | $207.7B |
| YoY | — | — | — | — | +26.1% | +22.5% | +11.9% | +8.7% |
| Total assets | $523.0B | $533.9B | $562.6B | $619.0B | $636.4B | $665.3B | $694.2B | $758.4B |
| YoY | — | — | — | — | +21.7% | +24.6% | +23.4% | +22.5% |
| Total current liabilities | $115.2B | $108.9B | $114.2B | $141.2B | $135.0B | $130.0B | $136.7B | $168.8B |
| YoY | — | — | — | — | +17.2% | +19.4% | +19.7% | +19.5% |
| Total liabilities | $235.3B | $231.2B | $240.7B | $275.5B | $273.3B | $274.4B | $279.9B | $316.0B |
| YoY | — | — | — | — | +16.1% | +18.7% | +16.3% | +14.7% |
| Total equity | $287.7B | $302.7B | $321.9B | $343.5B | $363.1B | $390.9B | $414.4B | $442.4B |
| YoY | — | — | — | — | +26.2% | +29.1% | +28.7% | +28.8% |
| Shares outstanding | 7.44B | 7.43B | 7.43B | 7.43B | 7.43B | 7.43B | 7.43B | 7.43B |
| YoY | — | — | — | — | -0.0% | -0.1% | -0.1% | -0.1% |
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 | $34.2B | $22.3B | $37.0B | $42.6B | $45.1B | $35.8B | $46.7B | $55.4B |
| YoY | — | — | — | — | +31.8% | +60.4% | +26.0% | +30.0% |
| Capital expenditures | $14.9B | $15.8B | $16.7B | $17.1B | $19.4B | $29.9B | $30.9B | $35.8B |
| YoY | — | — | — | — | +30.0% | +89.0% | +84.4% | +109.6% |
| Free cash flow | $19.3B | $6.5B | $20.3B | $25.6B | $25.7B | $5.9B | $15.8B | $19.6B |
| YoY | — | — | — | — | +33.3% | -9.3% | -22.1% | -23.2% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $4.1B | $5.0B | $4.8B | $4.5B | $5.7B | $7.4B | $4.6B | $4.6B |
| YoY | — | — | — | — | +37.6% | +48.7% | -3.2% | +0.7% |
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 | 69.4% | 68.7% | 68.7% | 68.6% | 69.0% | 68.0% | 67.6% | 67.2% |
| Operating margin | 46.6% | 45.5% | 45.7% | 44.9% | 48.9% | 47.1% | 46.3% | 45.1% |
| Net margin | 37.6% | 34.6% | 36.9% | 35.6% | 35.7% | 47.3% | 38.3% | 39.7% |
| Free cash flow margin | 29.4% | 9.3% | 29.0% | 33.4% | 33.0% | 7.2% | 19.1% | 21.8% |
| Effective tax rate | 18.5% | 17.9% | 17.7% | 16.5% | 19.1% | 20.3% | 19.2% | 18.8% |
| Current ratio | 1.30x | 1.35x | 1.37x | 1.35x | 1.40x | 1.39x | 1.28x | 1.23x |
| Total liabilities / equity | 0.82x | 0.76x | 0.75x | 0.80x | 0.75x | 0.70x | 0.68x | 0.71x |
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 |
|---|---|---|---|---|---|---|
| MSFT FY26 · this stock | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| AAPL FY25 | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| 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% | — |
| 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.