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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8B | $3.0B | $3.1B | $3.2B | $3.4B | $3.6B | $3.8B | $4.0B |
| YoY | — | — | — | — | +21.8% | +20.7% | +22.1% | +24.0% |
| Cost of goods sold | $584.0M | $631.0M | $651.0M | $724.0M | $774.0M | $834.0M | $940.0M | $1.2B |
| YoY | — | — | — | — | +32.5% | +32.2% | +44.4% | +61.5% |
| Gross profit | $2.2B | $2.3B | $2.4B | $2.5B | $2.6B | $2.7B | $2.8B | $2.8B |
| YoY | — | — | — | — | +19.0% | +17.5% | +16.1% | +13.1% |
| Research & development | $626.0M | $668.0M | $703.0M | $734.0M | $750.0M | $773.0M | $823.0M | $915.0M |
| YoY | — | — | — | — | +19.8% | +15.7% | +17.1% | +24.7% |
| Selling, general & administrative | $1.2B | $1.3B | $1.3B | $1.4B | $1.3B | $1.5B | $1.5B | $1.7B |
| YoY | — | — | — | — | +12.1% | +18.2% | +17.2% | +24.4% |
| Operating income | $418.0M | $374.0M | $451.0M | $358.0M | $572.0M | $443.0M | $503.0M | $162.0M |
| YoY | — | — | — | — | +36.8% | +18.4% | +11.5% | -54.7% |
| Pretax income | $516.0M | $463.0M | $555.0M | $471.0M | $694.0M | $541.0M | $673.0M | $438.0M |
| YoY | — | — | — | — | +34.5% | +16.8% | +21.3% | -7.0% |
| Income tax | $84.0M | $79.0M | $95.0M | $86.0M | $192.0M | $140.0M | $204.0M | $140.0M |
| YoY | — | — | — | — | +128.6% | +77.2% | +114.7% | +62.8% |
| Net income | $432.0M | $384.0M | $460.0M | $385.0M | $502.0M | $401.0M | $469.0M | $298.0M |
| YoY | — | — | — | — | +16.2% | +4.4% | +2.0% | -22.6% |
| EPS — basic | $2.09 | — | $0.44 | $0.37 | $2.42 | — | $0.45 | $0.29 |
| YoY | — | — | — | — | +15.8% | — | +2.3% | -21.6% |
| EPS — diluted | $2.07 | — | $0.44 | $0.37 | $2.40 | — | $0.45 | $0.29 |
| YoY | — | — | — | — | +15.9% | — | +2.3% | -21.6% |
| Weighted shares — basic | 206.2M | — | 1.03B | 1.04B | 207.6M | — | 1.04B | 1.03B |
| Weighted shares — diluted | 208.6M | — | 1.05B | 1.05B | 209.5M | — | 1.04B | 1.03B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.9B | $2.3B | $3.4B | $3.1B | $2.7B | $3.7B | $2.7B | $2.5B |
| YoY | — | — | — | — | +44.6% | +61.7% | -19.8% | -19.9% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.3B | $2.2B | $1.4B | $1.7B | $1.5B | $2.6B | $1.7B | $2.2B |
| YoY | — | — | — | — | +18.3% | +17.3% | +26.0% | +29.8% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $7.7B | $9.2B | $9.3B | $9.3B | $8.4B | $10.5B | $8.4B | $8.5B |
| YoY | — | — | — | — | +8.7% | +14.0% | -9.0% | -8.2% |
| Total assets | $18.4B | $20.4B | $21.0B | $22.1B | $21.8B | $26.0B | $24.4B | $31.7B |
| YoY | — | — | — | — | +18.2% | +27.7% | +16.3% | +43.6% |
| Total current liabilities | $6.8B | $8.4B | $8.3B | $8.5B | $7.9B | $10.4B | $10.0B | $12.2B |
| YoY | — | — | — | — | +15.9% | +24.9% | +20.9% | +43.1% |
| Total liabilities | $9.1B | $10.8B | $10.8B | $11.1B | $10.5B | $13.1B | $12.7B | $19.1B |
| YoY | — | — | — | — | +14.7% | +21.3% | +16.8% | +72.2% |
| Total equity | $9.3B | $9.6B | $10.1B | $10.9B | $11.3B | $13.0B | $11.7B | $12.5B |
| YoY | — | — | — | — | +21.6% | +34.9% | +15.7% | +14.5% |
| Shares outstanding | 206.3M | 1.03B | 207.0M | 207.5M | 207.6M | 1.05B | 1.03B | 1.03B |
| YoY | — | — | — | — | +0.6% | +1.4% | +398.2% | +398.3% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $671.0M | $1.6B | $1.7B | $716.0M | $813.0M | $2.2B | $1.7B | $587.0M |
| YoY | — | — | — | — | +21.2% | +36.9% | -0.4% | -18.0% |
| Capital expenditures | $202.0M | $253.0M | $205.0M | $190.0M | $235.0M | $238.0M | $141.0M | $114.0M |
| YoY | — | — | — | — | +16.3% | -5.9% | -31.2% | -40.0% |
| Free cash flow | $469.0M | $1.4B | $1.5B | $526.0M | $578.0M | $2.0B | $1.5B | $473.0M |
| YoY | — | — | — | — | +23.2% | +44.7% | +3.9% | -10.1% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $225.0M | $296.0M | $298.0M | $361.0M | $584.0M | $597.0M | $2.2B | $0 |
| YoY | — | — | — | — | +159.6% | +101.7% | +646.6% | -100.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 79.1% | 78.7% | 78.9% | 77.5% | 77.3% | 76.6% | 75.1% | 70.7% |
| Operating margin | 14.9% | 12.6% | 14.6% | 11.1% | 16.8% | 12.4% | 13.3% | 4.1% |
| Net margin | 15.4% | 13.0% | 14.9% | 12.0% | 14.7% | 11.2% | 12.4% | 7.5% |
| Free cash flow margin | 16.8% | 46.7% | 47.7% | 16.4% | 17.0% | 56.1% | 40.6% | 11.9% |
| Effective tax rate | 16.3% | 17.1% | 17.1% | 18.3% | 27.7% | 25.9% | 30.3% | 32.0% |
| Current ratio | 1.13x | 1.10x | 1.12x | 1.09x | 1.06x | 1.00x | 0.84x | 0.70x |
| Total liabilities / equity | 0.98x | 1.12x | 1.07x | 1.02x | 0.93x | 1.01x | 1.08x | 1.53x |
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 |
|---|---|---|---|---|---|---|
| NOW FY25 · this stock | $13.3B | +20.9% | 77.5% | 13.7% | 13.2% | 34.5% |
| 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.