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.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $30.8B | $15.5B | $25.1B | $37.4B | $133.2B |
| YoY | — | -49.5% | +61.6% | +48.9% | +256.3% |
| Cost of goods sold | $16.9B | $17.0B | $19.5B | $22.5B | $25.7B |
| YoY | — | +0.6% | +15.0% | +15.4% | +14.1% |
| Gross profit | $13.9B | $-1.4B | $5.6B | $14.9B | $107.5B |
| YoY | — | -110.2% | +496.4% | +165.0% | +622.8% |
| Research & development | $3.1B | $3.1B | $3.4B | $3.8B | $5.7B |
| YoY | — | -0.1% | +10.1% | +10.7% | +48.8% |
| Selling, general & administrative | $1.1B | $920.0M | $1.1B | $1.2B | $1.9B |
| YoY | — | -13.7% | +22.7% | +6.7% | +61.6% |
| Operating income | $9.7B | $-5.7B | $1.3B | $9.8B | $99.3B |
| YoY | — | -159.2% | +122.7% | +649.2% | +916.8% |
| Pretax income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Income tax | $888.0M | $177.0M | $451.0M | $1.1B | $14.8B |
| YoY | — | -80.1% | +154.8% | +149.2% | +1213.3% |
| Net income | $8.7B | $-5.8B | $778.0M | $8.5B | $85.0B |
| YoY | — | -167.1% | +113.3% | +997.6% | +895.1% |
| EPS — basic | $7.81 | $-5.34 | $0.70 | $7.65 | $75.38 |
| YoY | — | -168.4% | +113.1% | +992.9% | +885.4% |
| EPS — diluted | $7.75 | $-5.34 | $0.70 | $7.59 | $74.33 |
| YoY | — | -168.9% | +113.1% | +984.3% | +879.3% |
| Weighted shares — basic | 1.11B | 1.09B | 1.10B | 1.12B | 1.13B |
| Weighted shares — diluted | 1.12B | 1.09B | 1.12B | 1.12B | 1.14B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash & equivalents | $8.3B | $8.6B | $7.0B | $9.6B | $38.4B |
| YoY | — | +3.8% | -17.9% | +36.9% | +297.9% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $4.8B | $2.0B | $5.4B | $7.2B | $31.8B |
| YoY | — | -57.0% | +164.6% | +32.2% | +343.9% |
| Inventory | $6.7B | $8.4B | $8.9B | $8.4B | $10.4B |
| YoY | — | +25.9% | +5.8% | -5.9% | +24.1% |
| Total current assets | $21.8B | $21.2B | $24.4B | $28.8B | $91.1B |
| YoY | — | -2.5% | +14.7% | +18.3% | +215.8% |
| Total assets | $66.3B | $64.3B | $69.4B | $82.8B | $195.9B |
| YoY | — | -3.1% | +8.0% | +19.3% | +136.6% |
| Total current liabilities | $7.5B | $4.8B | $9.2B | $11.5B | $27.5B |
| YoY | — | -36.8% | +94.1% | +23.9% | +139.9% |
| Total liabilities | $16.4B | $20.1B | $24.3B | $28.6B | $57.5B |
| YoY | — | +22.9% | +20.6% | +17.9% | +100.9% |
| Total equity | $49.9B | $44.1B | $45.1B | $54.2B | $138.4B |
| YoY | — | -11.6% | +2.3% | +20.0% | +155.5% |
| Shares outstanding | 1.09B | 1.10B | 1.11B | 1.12B | 1.13B |
| YoY | — | +0.4% | +1.0% | +1.2% | +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.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating cash flow | $15.2B | $1.6B | $8.5B | $17.5B | $89.7B |
| YoY | — | -89.7% | +445.7% | +106.0% | +411.7% |
| Capital expenditures | $12.1B | $7.7B | $8.4B | $15.9B | $30.7B |
| YoY | — | -36.4% | +9.2% | +89.1% | +93.7% |
| Free cash flow | $3.1B | $-6.1B | $121.0M | $1.7B | $59.0B |
| YoY | — | -296.4% | +102.0% | +1278.5% | +3435.0% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $2.4B | $425.0M | $300.0M | $0 | $650.0M |
| YoY | — | -82.5% | -29.4% | -100.0% | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Gross margin | 45.2% | -9.1% | 22.4% | 39.8% | 80.7% |
| Operating margin | 31.5% | -37.0% | 5.2% | 26.1% | 74.6% |
| Net margin | 28.2% | -37.5% | 3.1% | 22.8% | 63.8% |
| Free cash flow margin | 10.1% | -39.4% | 0.5% | 4.5% | 44.3% |
| Effective tax rate | — | — | — | — | — |
| Current ratio | 2.89x | 4.46x | 2.64x | 2.52x | 3.31x |
| Total liabilities / equity | 0.33x | 0.46x | 0.54x | 0.53x | 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.