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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Apr. 01, 2023
Mar. 26, 2022
Net sales $ 94,836 $ 97,278 $ 211,990 $ 221,223
Cost of sales 52,860 54,719 119,682 124,421
Gross margin 41,976 42,559 92,308 96,802
Operating expenses:        
Research and development 7,457 6,387 15,166 12,693
Selling, general and administrative 6,201 6,193 12,808 12,642
Total operating expenses 13,658 12,580 27,974 25,335
Operating income 28,318 29,979 64,334 71,467
Other income/(expense), net 64 160 (329) (87)
Income before provision for income taxes 28,382 30,139 64,005 71,380
Provision for income taxes 4,222 5,129 9,847 11,740
Net income $ 24,160 $ 25,010 $ 54,158 $ 59,640
Earnings per share:        
Basic (in dollars per share) $ 1.53 $ 1.54 $ 3.42 $ 3.65
Diluted (in dollars per share) $ 1.52 $ 1.52 $ 3.41 $ 3.62
Shares used in computing earnings per share:        
Basic (in shares) 15,787,154 16,278,802 15,839,939 16,335,263
Diluted (in shares) 15,847,050 16,403,316 15,901,384 16,461,304
Products        
Net sales $ 73,929 $ 77,457 $ 170,317 $ 181,886
Cost of sales 46,795 49,290 107,560 113,599
Services        
Net sales 20,907 19,821 41,673 39,337
Cost of sales $ 6,065 $ 5,429 $ 12,122 $ 10,822