
(In millions, except per share amounts)


Quarter Ended	September 30		December 31		March 31		June 30			Total

Fiscal Year 2016
Revenue ^(a)	$	20,379	$	23,796	$	20,531	$	20,614		$	85,320
Gross margin		13,172		13,924		12,809		12,635			52,540
Operating income		5,793		6,026		5,283		3,080			20,182
Net income		4,902		5,018		3,756		3,122	^(b)		16,798	^(b)
Basic earnings per share		0.61		0.63		0.48		0.40			2.12
Diluted earnings per share		0.61		0.62		0.47		0.39	^(b)		2.10	^(b)


Fiscal Year 2015

Revenue	$	23,201	$	26,470	$	21,729	$	22,180		$	93,580
Gross margin		14,928		16,334		14,568		14,712			60,542
Operating income (loss)		5,844		7,776		6,594		(2,053	)		18,161
Net income (loss)		4,540		5,863		4,985		(3,195	)^(c)		12,193	^(d)
Basic earnings (loss) per share		0.55		0.71		0.61		(0.40	)		1.49
Diluted earnings (loss) per share		0.54		0.71		0.61		(0.40	)^(c)		1.48	^(d)

(a)	Reflects the impact of the net revenue deferral from Windows 10 of $1.3 billion, $1.7 billion, $1.6 billion, and $2.0 billion, for the first, second, third, and fourth quarter of fiscal year 2016, respectively, and $6.6 billion for fiscal year 2016.

(b)	Includes $630 million of asset impairment charges related to our phone business, and $480 million of restructuring charges associated with our 2016 restructuring plans, which together decreased net income and diluted EPS by $895 million and $0.11, respectively.

(c)

Includes $7.5 billion of goodwill and asset impairment charges related to our phone business, and $940 million of integration and restructuring expenses, primarily associated with our Phone Hardware Restructuring Plan, which together decreased net income and diluted EPS by $8.3 billion and $1.02, respectively.

(d)

Includes $7.5 billion of goodwill and asset impairment charges related to our phone business, and $2.5 billion of integration and restructuring expenses, primarily associated with our Phone Hardware Integration Plan and Phone Hardware Restructuring Plan, which together decreased net income and diluted EPS by $9.5 billion and $1.15, respectively.