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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Mar. 27, 2021
Mar. 28, 2020
Net sales $ 89,584 $ 58,313 $ 201,023 $ 150,132
Cost of sales 51,505 35,943 118,616 92,545
Gross margin 38,079 22,370 82,407 57,587
Operating expenses:        
Research and development 5,262 4,565 10,425 9,016
Selling, general and administrative 5,314 4,952 10,945 10,149
Total operating expenses 10,576 9,517 21,370 19,165
Operating income 27,503 12,853 61,037 38,422
Other income/(expense), net 508 282 553 631
Income before provision for income taxes 28,011 13,135 61,590 39,053
Provision for income taxes 4,381 1,886 9,205 5,568
Net income $ 23,630 $ 11,249 $ 52,385 $ 33,485
Earnings per share:        
Basic (in dollars per share) $ 1.41 $ 0.64 $ 3.11 $ 1.91
Diluted (in dollars per share) $ 1.40 $ 0.64 $ 3.08 $ 1.89
Shares used in computing earnings per share:        
Basic (in shares) 16,753,476 17,440,402 16,844,298 17,550,281
Diluted (in shares) 16,929,157 17,618,765 17,021,423 17,718,591
Products        
Net sales $ 72,683 $ 44,965 $ 168,361 $ 124,069
Cost of sales 46,447 31,321 108,577 83,396
Services        
Net sales 16,901 13,348 32,662 26,063
Cost of sales $ 5,058 $ 4,622 $ 10,039 $ 9,149