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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Sep. 26, 2020
Net sales $ 394,328 $ 365,817 $ 274,515
Cost of sales 223,546 212,981 169,559
Gross margin 170,782 152,836 104,956
Operating expenses:      
Research and development 26,251 21,914 18,752
Selling, general and administrative 25,094 21,973 19,916
Total operating expenses 51,345 43,887 38,668
Operating income 119,437 108,949 66,288
Other income/(expense), net (334) 258 803
Income before provision for income taxes 119,103 109,207 67,091
Provision for income taxes 19,300 14,527 9,680
Net income $ 99,803 $ 94,680 $ 57,411
Earnings per share:      
Basic (in dollars per share) $ 6.15 $ 5.67 $ 3.31
Diluted (in dollars per share) $ 6.11 $ 5.61 $ 3.28
Shares used in computing earnings per share:      
Basic (in shares) 16,215,963 16,701,272 17,352,119
Diluted (in shares) 16,325,819 16,864,919 17,528,214
Products      
Net sales $ 316,199 $ 297,392 $ 220,747
Cost of sales 201,471 192,266 151,286
Services      
Net sales 78,129 68,425 53,768
Cost of sales $ 22,075 $ 20,715 $ 18,273