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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Mar. 30, 2024
Apr. 01, 2023
Net sales $ 90,753 $ 94,836 $ 210,328 $ 211,990
Cost of sales 48,482 52,860 113,202 119,682
Gross margin 42,271 41,976 97,126 92,308
Operating expenses:        
Research and development 7,903 7,457 15,599 15,166
Selling, general and administrative 6,468 6,201 13,254 12,808
Total operating expenses 14,371 13,658 28,853 27,974
Operating income 27,900 28,318 68,273 64,334
Other income/(expense), net 158 64 108 (329)
Income before provision for income taxes 28,058 28,382 68,381 64,005
Provision for income taxes 4,422 4,222 10,829 9,847
Net income $ 23,636 $ 24,160 $ 57,552 $ 54,158
Earnings per share:        
Basic (in dollars per share) $ 1.53 $ 1.53 $ 3.72 $ 3.42
Diluted (in dollars per share) $ 1.53 $ 1.52 $ 3.71 $ 3.41
Shares used in computing earnings per share:        
Basic (in shares) 15,405,856 15,787,154 15,457,810 15,839,939
Diluted (in shares) 15,464,709 15,847,050 15,520,675 15,901,384
Products        
Net sales $ 66,886 $ 73,929 $ 163,344 $ 170,317
Cost of sales 42,424 46,795 100,864 107,560
Services        
Net sales 23,867 20,907 46,984 41,673
Cost of sales $ 6,058 $ 6,065 $ 12,338 $ 12,122