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 | $8.7B | $8.1B | $9.3B | $11.3B | $13.6B | $23.9B | $41.5B | $54.2B |
| YoY | — | — | — | — | +56.7% | +196.3% | +345.7% | +379.3% |
| Cost of goods sold | $5.4B | $5.1B | $5.8B | $6.3B | $6.0B | $6.1B | $6.4B | $7.2B |
| YoY | — | — | — | — | +11.9% | +19.9% | +10.5% | +14.7% |
| Gross profit | $3.3B | $3.0B | $3.5B | $5.1B | $7.6B | $17.8B | $35.1B | $47.0B |
| YoY | — | — | — | — | +128.4% | +499.2% | +899.3% | +830.9% |
| Research & development | $888.0M | $898.0M | $965.0M | $1.0B | $1.2B | $1.2B | $1.3B | $1.9B |
| YoY | — | — | — | — | +31.9% | +39.2% | +36.4% | +82.7% |
| Selling, general & administrative | $288.0M | $285.0M | $318.0M | $314.0M | $337.0M | $344.0M | $407.0M | $859.0M |
| YoY | — | — | — | — | +17.0% | +20.7% | +28.0% | +173.6% |
| Operating income | $2.2B | $1.8B | $2.2B | $3.7B | $6.1B | $16.1B | $33.3B | $43.8B |
| YoY | — | — | — | — | +182.2% | +810.0% | +1436.1% | +1097.3% |
| Pretax income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Income tax | $283.0M | $177.0M | $235.0M | $429.0M | $829.0M | $2.4B | $5.0B | $6.6B |
| YoY | — | — | — | — | +192.9% | +1239.5% | +2018.3% | +1434.5% |
| Net income | $1.9B | $1.6B | $1.9B | $3.2B | $5.2B | $13.8B | $28.2B | $37.7B |
| YoY | — | — | — | — | +180.2% | +770.8% | +1398.3% | +1077.8% |
| EPS — basic | $1.68 | $1.42 | $1.69 | — | $4.66 | $12.25 | $25.03 | — |
| YoY | — | — | — | — | +177.4% | +762.7% | +1381.1% | — |
| EPS — diluted | $1.67 | $1.41 | $1.68 | — | $4.60 | $12.07 | $24.67 | — |
| YoY | — | — | — | — | +175.4% | +756.0% | +1368.5% | — |
| Weighted shares — basic | 1.11B | 1.11B | 1.12B | — | 1.12B | 1.13B | 1.13B | — |
| Weighted shares — diluted | 1.12B | 1.12B | 1.12B | — | 1.14B | 1.14B | 1.15B | — |
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 | $6.7B | $7.6B | $10.2B | $9.6B | $9.7B | $13.9B | $25.0B | $38.4B |
| YoY | — | — | — | — | +45.4% | +84.2% | +145.9% | +297.9% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $6.2B | $5.1B | $5.5B | $7.2B | $8.0B | $15.4B | $26.9B | $31.8B |
| YoY | — | — | — | — | +28.1% | +202.2% | +389.7% | +343.9% |
| Inventory | $8.7B | $9.0B | $8.7B | $8.4B | $8.2B | $8.3B | $8.6B | $10.4B |
| YoY | — | — | — | — | -5.7% | -8.2% | -1.8% | +24.1% |
| Total current assets | $24.5B | $24.7B | $27.9B | $28.8B | $29.7B | $41.4B | $66.7B | $91.1B |
| YoY | — | — | — | — | +21.1% | +67.7% | +139.0% | +215.8% |
| Total assets | $71.5B | $73.1B | $78.4B | $82.8B | $86.0B | $101.5B | $134.1B | $195.9B |
| YoY | — | — | — | — | +20.3% | +39.0% | +71.1% | +136.6% |
| Total current liabilities | $9.0B | $7.9B | $10.1B | $11.5B | $12.1B | $14.3B | $19.5B | $27.5B |
| YoY | — | — | — | — | +33.8% | +81.5% | +92.3% | +139.9% |
| Total liabilities | $24.7B | $24.4B | $27.6B | $28.6B | $27.2B | $29.1B | $33.4B | $57.5B |
| YoY | — | — | — | — | +10.1% | +19.0% | +20.8% | +100.9% |
| Total equity | $46.8B | $48.6B | $50.7B | $54.2B | $58.8B | $72.5B | $100.7B | $138.4B |
| YoY | — | — | — | — | +25.7% | +49.0% | +98.5% | +155.5% |
| Shares outstanding | 1.11B | 1.12B | 1.12B | 1.12B | 1.13B | 1.13B | 1.13B | 1.13B |
| YoY | — | — | — | — | +1.1% | +0.9% | +0.9% | +0.8% |
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 | $3.2B | $3.9B | $4.6B | $5.7B | $8.4B | $11.9B | $25.4B | $44.0B |
| YoY | — | — | — | — | +159.3% | +202.0% | +450.8% | +667.4% |
| Capital expenditures | $3.2B | $4.1B | $2.9B | $5.7B | $5.4B | $6.4B | $7.8B | $11.1B |
| YoY | — | — | — | — | +68.1% | +57.5% | +166.4% | +96.4% |
| Free cash flow | $38.0M | $-113.0M | $1.7B | $72.0M | $3.0B | $5.5B | $17.6B | $32.9B |
| YoY | — | — | — | — | +7852.6% | +4981.4% | +951.0% | +45543.1% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $0 | $0 | $0 | $0 | $300.0M | $350.0M | $0 | $0 |
| YoY | — | — | — | — | — | — | — | — |
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 | 38.4% | 36.8% | 37.7% | 44.7% | 56.0% | 74.4% | 84.6% | 86.8% |
| Operating margin | 25.0% | 22.0% | 23.3% | 32.3% | 45.0% | 67.6% | 80.4% | 80.7% |
| Net margin | 21.5% | 19.7% | 20.3% | 28.3% | 38.4% | 57.8% | 68.1% | 69.5% |
| Free cash flow margin | 0.4% | -1.4% | 18.0% | 0.6% | 22.2% | 23.1% | 42.4% | 60.6% |
| Effective tax rate | — | — | — | — | — | — | — | — |
| Current ratio | 2.72x | 3.13x | 2.75x | 2.52x | 2.46x | 2.90x | 3.42x | 3.31x |
| Total liabilities / equity | 0.53x | 0.50x | 0.54x | 0.53x | 0.46x | 0.40x | 0.33x | 0.42x |
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 |
|---|---|---|---|---|---|---|
| MU FY26 · this stock | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| 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% | — |
| 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.