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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Jun. 25, 2016
Jun. 27, 2015
Jun. 25, 2016
Jun. 27, 2015
Net sales $ 42,358 $ 49,605 $ 168,787 $ 182,214
Cost of sales 26,252 29,924 102,337 109,136
Gross margin 16,106 19,681 66,450 73,078
Operating expenses:        
Research and development 2,560 2,034 7,475 5,847
Selling, general and administrative 3,441 3,564 10,712 10,624
Total operating expenses 6,001 5,598 18,187 16,471
Operating income 10,105 14,083 48,263 56,607
Other income/(expense), net 364 390 921 846
Income before provision for income taxes 10,469 14,473 49,184 57,453
Provision for income taxes 2,673 3,796 12,511 15,183
Net income $ 7,796 $ 10,677 $ 36,673 $ 42,270
Earnings per share:        
Basic (in dollars per share) $ 1.43 $ 1.86 $ 6.66 $ 7.30
Diluted (in dollars per share) $ 1.42 $ 1.85 $ 6.62 $ 7.25
Shares used in computing earnings per share:        
Basic (in shares) 5,443,058 5,729,886 5,505,456 5,788,922
Diluted (in shares) 5,472,781 5,773,099 5,535,931 5,829,920
Cash dividends declared per share (in dollars per share) $ 0.57 $ 0.52 $ 1.61 $ 1.46