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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.2B | $11.7B | $11.0B | $10.4B | $11.3B | $12.3B | $10.6B | $9.9B |
| YoY | — | — | — | — | +10.0% | +5.0% | -3.5% | -4.0% |
| Cost of goods sold | $4.5B | $5.2B | $4.9B | $4.6B | $5.0B | $5.6B | $4.9B | $4.7B |
| YoY | — | — | — | — | +12.7% | +7.9% | -0.7% | +1.4% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $2.3B | $2.2B | $2.2B | $2.2B | $2.4B | $2.5B | $2.5B | $2.6B |
| YoY | — | — | — | — | +3.0% | +10.0% | +11.1% | +17.1% |
| Selling, general & administrative | $761.0M | $723.0M | $706.0M | $771.0M | $910.0M | $865.0M | $898.0M | $976.0M |
| YoY | — | — | — | — | +19.6% | +19.6% | +27.2% | +26.6% |
| Operating income | $2.6B | $3.6B | $3.1B | $2.8B | $2.9B | $3.4B | $2.3B | $1.6B |
| YoY | — | — | — | — | +13.0% | -5.3% | -26.0% | -41.1% |
| Pretax income | $2.6B | $3.6B | $3.1B | $3.0B | $3.0B | $3.5B | $2.2B | $2.5B |
| YoY | — | — | — | — | +14.4% | -2.4% | -28.1% | -16.6% |
| Income tax | $-319.0M | $455.0M | $293.0M | $286.0M | $6.1B | $543.0M | $-5.1B | $460.0M |
| YoY | — | — | — | — | +2008.5% | +19.3% | -1853.6% | +60.8% |
| Net income | $2.9B | $3.2B | $2.8B | $2.7B | $-3.1B | $3.0B | $7.4B | $2.0B |
| YoY | — | — | — | — | -206.7% | -5.5% | +162.1% | -24.9% |
| EPS — basic | — | $2.86 | $2.55 | $2.44 | — | $2.81 | $6.92 | $1.89 |
| YoY | — | — | — | — | — | -1.7% | +171.4% | -22.5% |
| EPS — diluted | — | $2.83 | $2.52 | $2.43 | — | $2.78 | $6.88 | $1.87 |
| YoY | — | — | — | — | — | -1.8% | +173.0% | -23.0% |
| Weighted shares — basic | — | 1.11B | 1.10B | 1.09B | — | 1.07B | 1.07B | 1.06B |
| Weighted shares — diluted | — | 1.12B | 1.11B | 1.10B | — | 1.08B | 1.07B | 1.07B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.8B | $8.7B | $7.2B | $5.4B | $5.5B | $7.2B | $5.4B | $4.5B |
| YoY | — | — | — | — | -29.7% | -17.3% | -24.5% | -16.8% |
| Marketable securities (current) | $5.5B | $5.6B | $6.6B | $4.6B | $4.6B | $4.6B | $4.4B | $3.8B |
| YoY | — | — | — | — | -15.0% | -17.4% | -34.3% | -17.4% |
| Accounts receivable | $2.3B | — | — | — | $2.9B | — | — | — |
| YoY | — | — | — | — | +21.6% | — | — | — |
| Inventory | $6.4B | $6.3B | $6.2B | $6.3B | $6.5B | $6.7B | $7.4B | $8.4B |
| YoY | — | — | — | — | +1.6% | +5.7% | +18.9% | +32.2% |
| Total current assets | $25.2B | $26.1B | $26.1B | $24.9B | $25.8B | $24.6B | $23.1B | $23.0B |
| YoY | — | — | — | — | +2.1% | -5.6% | -11.4% | -7.7% |
| Total assets | $55.2B | $55.6B | $55.4B | $54.9B | $50.1B | $53.0B | $57.1B | $57.4B |
| YoY | — | — | — | — | -9.1% | -4.6% | +3.2% | +4.6% |
| Total current liabilities | $10.5B | $10.0B | $9.5B | $7.8B | $9.1B | $9.8B | $9.8B | $11.4B |
| YoY | — | — | — | — | -12.9% | -1.3% | +2.3% | +46.3% |
| Total liabilities | $28.9B | $28.7B | $27.6B | $27.7B | $28.9B | $30.0B | $29.9B | $29.7B |
| YoY | — | — | — | — | +0.2% | +4.4% | +8.0% | +7.4% |
| Total equity | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Shares outstanding | 1.11B | 1.11B | 1.10B | 1.08B | 1.07B | 1.07B | 1.06B | 1.06B |
| YoY | — | — | — | — | -3.5% | -2.9% | -3.7% | -2.5% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.6B | $4.6B | $2.6B | $2.9B | $4.0B | $5.0B | $2.4B | $991.0M |
| YoY | — | — | — | — | +51.0% | +8.2% | -4.1% | -65.5% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $1.3B | $1.8B | $1.7B | $2.8B | $2.4B | $2.6B | $2.8B | $1.4B |
| YoY | — | — | — | — | +87.6% | +51.4% | +59.7% | -52.1% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 25.2% | 30.5% | 28.4% | 26.6% | 25.9% | 27.5% | 21.8% | 16.3% |
| Net margin | 28.5% | 27.3% | 25.6% | 25.7% | -27.7% | 24.5% | 69.5% | 20.1% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | -12.3% | 12.5% | 9.4% | 9.7% | 204.9% | 15.3% | -230.2% | 18.7% |
| Current ratio | 2.40x | 2.62x | 2.73x | 3.19x | 2.82x | 2.51x | 2.37x | 2.02x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| QCOM FY25 · this stock | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
| 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% |
| 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.