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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Net sales $ 81,797 $ 82,959 $ 293,787 $ 304,182
Cost of sales 45,384 47,074 165,066 171,495
Gross margin 36,413 35,885 128,721 132,687
Operating expenses:        
Research and development 7,442 6,797 22,608 19,490
Selling, general and administrative 5,973 6,012 18,781 18,654
Total operating expenses 13,415 12,809 41,389 38,144
Operating income 22,998 23,076 87,332 94,543
Other income/(expense), net (265) (10) (594) (97)
Income before provision for income taxes 22,733 23,066 86,738 94,446
Provision for income taxes 2,852 3,624 12,699 15,364
Net income $ 19,881 $ 19,442 $ 74,039 $ 79,082
Earnings per share:        
Basic (in dollars per share) $ 1.27 $ 1.20 $ 4.69 $ 4.86
Diluted (in dollars per share) $ 1.26 $ 1.20 $ 4.67 $ 4.82
Shares used in computing earnings per share:        
Basic (in shares) 15,697,614 16,162,945 15,792,497 16,277,824
Diluted (in shares) 15,775,021 16,262,203 15,859,263 16,394,937
Products        
Net sales $ 60,584 $ 63,355 $ 230,901 $ 245,241
Cost of sales 39,136 41,485 146,696 155,084
Services        
Net sales 21,213 19,604 62,886 58,941
Cost of sales $ 6,248 $ 5,589 $ 18,370 $ 16,411