Financial Summary (All financials)
| In millions, except per share items | Jan-28-23 | Jan-29-22 | Jan-30-21 | Feb-01-20 | Feb-02-19 |
| Revenues | 2,217 | 2,418 | 2,762 | 2,241 | 2,325 |
| Revenue growth | -8.3% | -12.5% | 23.3% | -3.6% | |
| Cost of goods sold | 1,177 | 1,205 | 1,396 | 1,136 | 1,148 |
| Gross profit | 1,040 | 1,213 | 1,366 | 1,105 | 1,177 |
| Gross margin | 46.9% | 50.2% | 49.5% | 49.3% | 50.6% |
| Selling, general and administrative | 111 | 5 | 4 | 494 | 951 |
| EBITA | 1,033 | 1,215 | 1,369 | 1,105 | 149 |
| EBITA margin | 46.6% | 50.2% | 49.6% | 49.3% | 6.4% |
| Amortization of intangibles | 9 | 7 | 7 | 7 | |
| EBIT | 1,024 | 1,208 | 1,362 | 1,098 | 149 |
| EBIT margin | 46.2% | 50.0% | 49.3% | 49.0% | 6.4% |
| Pre-tax income | -272 | 70 | 240 | -535 | 46 |
| Income taxes | -73 | 13 | 28 | 12 | 10 |
| Tax rate | 27.0% | 18.7% | 11.7% | | 22.6% |
| Net income | -201 | 57 | 212 | -547 | 34 |
| Net margin | -9.0% | 2.3% | 7.7% | -24.4% | 1.5% |
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| Diluted EPS | ($4.93) | $1.35 | $5.93 | ($15.67) | $0.96 |
| Shares outstanding (diluted) | 41 | 42 | 36 | 35 | 35 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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