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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 28, 2019
Net sales $ 365,817 $ 274,515 $ 260,174
Cost of sales 212,981 169,559 161,782
Gross margin 152,836 104,956 98,392
Operating expenses:      
Research and development 21,914 18,752 16,217
Selling, general and administrative 21,973 19,916 18,245
Total operating expenses 43,887 38,668 34,462
Operating income 108,949 66,288 63,930
Other income/(expense), net 258 803 1,807
Income before provision for income taxes 109,207 67,091 65,737
Provision for income taxes 14,527 9,680 10,481
Net income $ 94,680 $ 57,411 $ 55,256
Earnings per share:      
Basic (in dollars per share) $ 5.67 $ 3.31 $ 2.99
Diluted (in dollars per share) $ 5.61 $ 3.28 $ 2.97
Shares used in computing earnings per share:      
Basic (in shares) 16,701,272 17,352,119 18,471,336
Diluted (in shares) 16,864,919 17,528,214 18,595,651
Products      
Net sales $ 297,392 $ 220,747 $ 213,883
Cost of sales 192,266 151,286 144,996
Services      
Net sales 68,425 53,768 46,291
Cost of sales $ 20,715 $ 18,273 $ 16,786