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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Net sales $ 75,872 $ 74,599
Cost of sales 45,449 44,858
Gross margin 30,423 29,741
Operating expenses:    
Research and development 2,404 1,895
Selling, general and administrative 3,848 3,600
Total operating expenses 6,252 5,495
Operating income 24,171 24,246
Other income/(expense), net 402 170
Income before provision for income taxes 24,573 24,416
Provision for income taxes 6,212 6,392
Net income $ 18,361 $ 18,024
Earnings per share:    
Basic $ 3.30 $ 3.08
Diluted $ 3.28 $ 3.06
Shares used in computing earnings per share:    
Basic 5,558,930 5,843,082
Diluted 5,594,127 5,881,803
Cash dividends declared per share $ 0.52 $ 0.47