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What changed
Each line against the same period a year earlier, as the company reported both in its latest filing. The math is under every line.
Latest quarter vs the same quarter a year earlier
10-Q filed 2026-10-27 ↗| Quarter ended | 2025-09-30 | 2026-09-30 | Change |
|---|---|---|---|
| Revenue(24,188 − 23,270) ÷ |23,270| × 100 = +3.9% ($ millions) | $23.3B | $24.2B | +3.9% |
| Operating income354 − -4,781 = 5,135 ($ millions) | -$4.8B | $354.0M | n/m |
| Net income(-116 − -5,337) ÷ |-5,337| × 100 = +97.8% ($ millions) | -$5.3B | -$116.0M | +97.8% |
| Diluted earnings per share(-0.26 − -7.14) ÷ |-7.14| × 100 = +96.4% ($ a share) | -$7.14 | -$0.26 | +96.4% |
| Diluted share count (weighted)(793 − 760) ÷ |760| × 100 = +4.3% (millions of shares) | 759.9M | 792.7M | +4.3% |
| Research and development(830 − 897) ÷ |897| × 100 = −7.5% ($ millions) | $897.0M | $830.0M | −7.5% |
Latest fiscal year vs the year before
10-K filed 2026-01-30 ↗| Year ended | 2024-12-31 | 2025-12-31 | Change |
|---|---|---|---|
| Revenue(89,463 − 66,517) ÷ |66,517| × 100 = +34.5% ($ millions) | $66.5B | $89.5B | +34.5% |
| Operating income4,281 − -10,707 = 14,988 ($ millions) | -$10.7B | $4.3B | n/m |
| Net income2,235 − -11,817 = 14,052 ($ millions) | -$11.8B | $2.2B | n/m |
| Diluted earnings per share2.48 − -18.36 = 20.84 ($ a share) | -$18.36 | $2.48 | n/m |
| Diluted share count (weighted)(762 − 647) ÷ |647| × 100 = +17.8% (millions of shares) | 646.9M | 762.3M | +17.8% |
| Research and development(3,615 − 3,812) ÷ |3,812| × 100 = −5.2% ($ millions) | $3.8B | $3.6B | −5.2% |
| Operating cash flow1,065 − -12,080 = 13,145 ($ millions) | -$12.1B | $1.1B | n/m |
Metrics from the filings
Each value carries the period it covers and the form it was reported in.
| Metric | Value | Period end | Form |
|---|---|---|---|
| Revenue | $89.5B | 2025-12-31 | 10-K |
| Net income | $2.2B | 2025-12-31 | 10-K |
| Operating cash flow | $1.1B | 2025-12-31 | 10-K |
| Research and development | $3.6B | 2025-12-31 | 10-K |
| Total assets | $168.2B | 2025-12-31 | 10-K |
| Cash and cash equivalents | $10.9B | 2025-12-31 | 10-K |
| Shares outstanding | 792.4M | 2026-10-20 | 10-Q |
| Revenue | $24.2B | 2026-09-30 | 10-Q |
| Net income | -$116.0M | 2026-09-30 | 10-Q |
| Revenue, prior year | $66.5B | 2024-12-31 | 10-K |
| Net income, prior year | -$11.8B | 2024-12-31 | 10-K |
| Revenue, same quarter prior year | $23.3B | 2025-09-30 | 10-Q |
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