Financial Summary (All financials)
| In millions, except per share items | Jun-25-23 | Jun-26-22 | Jun-27-21 | Jun-28-20 | Jun-30-19 | Jun-24-18 | Jun-25-17 | Jun-26-16 |
| Revenues | 17,428.5 | 17,227.0 | 14,626.2 | 10,044.7 | 9,653.6 | 11,077.0 | 8,013.6 | 5,885.9 |
| Revenue growth | 1.2% | 17.8% | 45.6% | 4.1% | -12.9% | 38.2% | 36.1% | 11.9% |
| Cost of goods sold | 19,225.0 | 9,355.2 | 7,820.8 | 5,436.0 | 5,295.1 | 5,912.0 | 4,410.3 | 3,267.0 |
| Gross profit | -1,796.5 | 7,871.8 | 6,805.3 | 4,608.7 | 4,358.5 | 5,165.0 | 3,603.4 | 2,618.9 |
| Gross margin | -10.3% | 45.7% | 46.5% | 45.9% | 45.1% | 46.6% | 45.0% | 44.5% |
| Selling, general and administrative | 832.8 | 885.7 | 829.9 | 682.5 | 702.4 | 762.2 | 667.5 | 631.0 |
| Research and development | 1,727.2 | 1,604.2 | 1,493.4 | 1,252.4 | 1,191.3 | 1,189.5 | 1,033.7 | 913.7 |
| EBITA | 5,226.4 | 5,459.8 | 4,552.6 | 2,740.0 | 2,592.0 | 3,374.5 | 2,056.7 | 1,230.6 |
| EBITA margin | 30.0% | 31.7% | 31.1% | 27.3% | 26.9% | 30.5% | 25.7% | 20.9% |
| Amortization of intangibles | 51.5 | 78.0 | 70.6 | 66.2 | 127.3 | 161.2 | 154.6 | 156.3 |
| EBIT | 5,174.9 | 5,381.8 | 4,482.0 | 2,673.8 | 2,464.7 | 3,213.3 | 1,902.1 | 1,074.3 |
| EBIT margin | 29.7% | 31.2% | 30.6% | 26.6% | 25.5% | 29.0% | 23.7% | 18.3% |
| Pre-tax income | 5,109.2 | 5,193.1 | 4,370.8 | 2,575.0 | 2,446.6 | 3,151.8 | 1,811.7 | 960.1 |
| Income taxes | 598.3 | 587.8 | 462.3 | 323.2 | 255.1 | 771.1 | 113.9 | 46.1 |
| Tax rate | 11.7% | 11.3% | 10.6% | 12.6% | 10.4% | 24.5% | 6.3% | 4.8% |
| Net income | 4,510.9 | 4,605.3 | 3,908.5 | 2,251.8 | 2,191.4 | 2,380.7 | 1,697.8 | 914.0 |
| Net margin | 25.9% | 26.7% | 26.7% | 22.4% | 22.7% | 21.5% | 21.2% | 15.5% |
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| Diluted EPS | $33.21 | $32.75 | $26.90 | $15.10 | $13.70 | $13.17 | $9.24 | $5.22 |
| Shares outstanding (diluted) | 135.8 | 140.6 | 145.3 | 149.1 | 159.9 | 180.8 | 183.8 | 175.2 |
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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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