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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Mar. 26, 2022
Mar. 27, 2021
Mar. 26, 2022
Mar. 27, 2021
Net sales $ 97,278 $ 89,584 $ 221,223 $ 201,023
Cost of sales 54,719 51,505 124,421 118,616
Gross margin 42,559 38,079 96,802 82,407
Operating expenses:        
Research and development 6,387 5,262 12,693 10,425
Selling, general and administrative 6,193 5,314 12,642 10,945
Total operating expenses 12,580 10,576 25,335 21,370
Operating income 29,979 27,503 71,467 61,037
Other income/(expense), net 160 508 (87) 553
Income before provision for income taxes 30,139 28,011 71,380 61,590
Provision for income taxes 5,129 4,381 11,740 9,205
Net income $ 25,010 $ 23,630 $ 59,640 $ 52,385
Earnings per share:        
Basic (in dollars per share) $ 1.54 $ 1.41 $ 3.65 $ 3.11
Diluted (in dollars per share) $ 1.52 $ 1.40 $ 3.62 $ 3.08
Shares used in computing earnings per share:        
Basic (in shares) 16,278,802 16,753,476 16,335,263 16,844,298
Diluted (in shares) 16,403,316 16,929,157 16,461,304 17,021,423
Products        
Net sales $ 77,457 $ 72,683 $ 181,886 $ 168,361
Cost of sales 49,290 46,447 113,599 108,577
Services        
Net sales 19,821 16,901 39,337 32,662
Cost of sales $ 5,429 $ 5,058 $ 10,822 $ 10,039