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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Net sales $ 85,777 $ 81,797 $ 296,105 $ 293,787
Cost of sales 46,099 45,384 159,301 165,066
Gross margin 39,678 36,413 136,804 128,721
Operating expenses:        
Research and development 8,006 7,442 23,605 22,608
Selling, general and administrative 6,320 5,973 19,574 18,781
Total operating expenses 14,326 13,415 43,179 41,389
Operating income 25,352 22,998 93,625 87,332
Other income/(expense), net 142 (265) 250 (594)
Income before provision for income taxes 25,494 22,733 93,875 86,738
Provision for income taxes 4,046 2,852 14,875 12,699
Net income $ 21,448 $ 19,881 $ 79,000 $ 74,039
Earnings per share:        
Basic (in dollars per share) $ 1.40 $ 1.27 $ 5.13 $ 4.69
Diluted (in dollars per share) $ 1.40 $ 1.26 $ 5.11 $ 4.67
Shares used in computing earnings per share:        
Basic (in shares) 15,287,521 15,697,614 15,401,047 15,792,497
Diluted (in shares) 15,348,175 15,775,021 15,463,175 15,859,263
Products        
Net sales $ 61,564 $ 60,584 $ 224,908 $ 230,901
Cost of sales 39,803 39,136 140,667 146,696
Services        
Net sales 24,213 21,213 71,197 62,886
Cost of sales $ 6,296 $ 6,248 $ 18,634 $ 18,370