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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 29, 2018
Net sales $ 274,515 $ 260,174 $ 265,595
Cost of sales 169,559 161,782 163,756
Gross margin 104,956 98,392 101,839
Operating expenses:      
Research and development 18,752 16,217 14,236
Selling, general and administrative 19,916 18,245 16,705
Total operating expenses 38,668 34,462 30,941
Operating income 66,288 63,930 70,898
Other income/(expense), net 803 1,807 2,005
Income before provision for income taxes 67,091 65,737 72,903
Provision for income taxes 9,680 10,481 13,372
Net income $ 57,411 $ 55,256 $ 59,531
Earnings per share:      
Basic (in dollars per share) $ 3.31 $ 2.99 $ 3.00
Diluted (in dollars per share) $ 3.28 $ 2.97 $ 2.98
Shares used in computing earnings per share:      
Basic (in shares) 17,352,119 18,471,336 19,821,510
Diluted (in shares) 17,528,214 18,595,651 20,000,435
Products      
Net sales $ 220,747 $ 213,883 $ 225,847
Cost of sales 151,286 144,996 148,164
Services      
Net sales 53,768 46,291 39,748
Cost of sales $ 18,273 $ 16,786 $ 15,592