Q3 2026 Earnings

Reported March 19, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2026	Q2 2026	Q3 2025	QoQ Change	YoY Change
Revenue	$41.0B	$36.2B	—	13.4%	—
Op. Income	$2.7B	$784M	—	243.7%	—
Gross Margin	40.2%	39.2%	—	1.0pp	—
Net Margin	5.8%	8.5%	—	-2.7pp	—
EPS (Diluted)	$0.97	$1.27	—	-23.9%	—

Revenue Flow

Item	Amount
REVENUE	$41.0B
Cost of Revenue	$24.6B
GROSS PROFIT	$16.5B
R&D Expenses	$2.2B
Selling & Marketing	$10.5B
General & Administrative	$1.2B
SG&A Expenses	$11.7B
Other Expenses	-$162M
Operating Expenses	$13.8B
Cost & Expenses	$38.4B
OPERATING INCOME	$2.7B
Interest Income	$2.3B
Interest Expense	$368M
Other Income/Expenses	$777M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$9M
BOTTOM LINE NET INCOME	$2.4B
D&A	$1.7B
EBIT	$2.7B
EBITDA	$4.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$41.0B
Cost of Revenue	$24.6B
GROSS PROFIT	$16.5B
R&D Expenses	$2.2B
Selling & Marketing	$10.5B
General & Administrative	$1.2B
SG&A Expenses	$11.7B
Other Expenses	-$162M
Operating Expenses	$13.8B
Cost & Expenses	$38.4B
OPERATING INCOME	$2.7B
Interest Income	$2.3B
Interest Expense	$368M
Other Income/Expenses	$777M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$9M
BOTTOM LINE NET INCOME	$2.4B
D&A	$1.7B
EBIT	$2.7B
EBITDA	$4.4B
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$24.9B
Short-Term Investments	$30.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$33.9B
TOTAL CURRENT ASSETS	$89.5B
PP&E (Net)	$37.2B
Goodwill	$35.9B
Intangible Assets	$2.7B
Long-Term Investments	$94.9B
Tax Assets	$0
Other Non-Current Assets	$14.4B
TOTAL NON-CURRENT ASSETS	$185.1B
TOTAL ASSETS	$274.6B
Account Payables	$51.4B
Short-Term Debt	$3.6B
Deferred Revenue	$10.6B
Other Current Liabilities	$36M
TOTAL CURRENT LIABILITIES	$67.2B
Long-Term Debt	$34.8B
Deferred Revenue NC	$651M
Deferred Tax Liabilities	$6.8B
Other Non-Current Liabilities	$3.5B
TOTAL NON-CURRENT LIABILITIES	$45.7B
TOTAL LIABILITIES	$112.9B
Common Stock	$146.3K
Additional Paid-In Capital	$56.0B
Retained Earnings	$99.8B
Treasury Stock	-$5.3B
Accum. Other Comp. Income	$1.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$152.0B
Minority Interest	$9.7B
TOTAL EQUITY	$161.7B
TOTAL LIABILITIES & EQUITY	$274.6B
Total Debt	$38.4B
Net Debt	$13.5B