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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 27, 2020
Jun. 29, 2019
Net sales $ 59,685 $ 53,809 $ 209,817 $ 196,134
Cost of sales 37,005 33,582 129,550 122,055
Gross margin 22,680 20,227 80,267 74,079
Operating expenses:        
Research and development 4,758 4,257 13,774 12,107
Selling, general and administrative 4,831 4,426 14,980 13,667
Total operating expenses 9,589 8,683 28,754 25,774
Operating income 13,091 11,544 51,513 48,305
Other income/(expense), net 46 367 677 1,305
Income before provision for income taxes 13,137 11,911 52,190 49,610
Provision for income taxes 1,884 1,867 7,452 8,040
Net income $ 11,253 $ 10,044 $ 44,738 $ 41,570
Earnings per share:        
Basic (in dollars per share) $ 2.61 $ 2.20 $ 10.25 $ 8.92
Diluted (in dollars per share) $ 2.58 $ 2.18 $ 10.16 $ 8.86
Shares used in computing earnings per share:        
Basic (in shares) 4,312,573 4,570,633 4,362,571 4,660,175
Diluted (in shares) 4,354,788 4,601,380 4,404,695 4,691,759
Products        
Net sales $ 46,529 $ 42,354 $ 170,598 $ 162,354
Cost of sales 32,693 29,473 116,089 109,758
Services        
Net sales 13,156 11,455 39,219 33,780
Cost of sales $ 4,312 $ 4,109 $ 13,461 $ 12,297