Non-GAAP(*) Quarterly Financial Results
| Q2 2023 | Q2 2022 | Y/Y | Q1 2023 | Q/Q | |||||||
| Revenue ($M) | $5,359 | $6,550 | Down 18% | $5,353 | Flat | ||||||
| Gross profit ($M) | $2,665 | $3,538 | Down 25% | $2,675 | Flat | ||||||
| Gross margin | 50% | 54% | Down 4 ppts | 50% | Flat | ||||||
| Operating expenses ($M) | $1,605 | $1,562 | Up 3% | $1,587 | Up 1% | ||||||
| Operating income ($M) | $1,068 | $1,982 | Down 46% | $1,098 | Down 3% | ||||||
| Operating margin | 20% | 30% | Down 10 ppts | 21% | Down 1ppt | ||||||
| Net income ($M) | $948 | $1,707 | Down 44% | $970 | Down 2% | ||||||
| Earnings per share | $0.58 | $1.05 | Down 45% | $0.60 | Down 3% | ||||||
