| SELECTED NON-GAAP RESULTS1 | |||||||||||||||
| (Unaudited) | |||||||||||||||
| (In millions, except for percentages and EPS) | |||||||||||||||
|
For the quarter ended
October 3, 2020 |
For the quarter ended
June 27, 2020 |
Change vs. Q1
FY 2021 | |||||||||||||
| Gross profit | $ | 547.9 | $ | 382.5 | $ | 165.4 | |||||||||
| Gross margin | 51.7 | % | 48.6 | % | 3.1 | ppt | |||||||||
| Operating expenses | $ | 218.6 | $ | 178.7 | $ | 39.9 | |||||||||
| Operating income | $ | 329.4 | $ | 203.7 | $ | 125.7 | |||||||||
| Net income | $ | 282.3 | $ | 175.1 | $ | 107.2 | |||||||||
| Weighted average diluted shares | 116.2 | 116.8 | (0.6 | ) | |||||||||||
| Diluted EPS | $ | 2.43 | $ | 1.50 | $ | 0.93 | |||||||||
| SELECTED GAAP RESULTS | |||||||||||||||
| (Unaudited) | |||||||||||||||
| (In millions, except for percentages and EPS) | |||||||||||||||
|
For the quarter ended
October 3, 2020 |
For the quarter ended
September 28, 2019 |
Change vs. Q2
FY 2020 | |||||||||||||
| Revenue | $ | 1,060.3 | $ | 806.7 | $ | 253.6 | |||||||||
| Gross profit | $ | 491.6 | $ | 323.6 | $ | 168.0 | |||||||||
| Gross margin | 46.4 | % | 40.1 | % | 6.3 | ppt | |||||||||
| Operating expenses | $ | 269.9 | $ | 210.8 | $ | 59.1 | |||||||||
| Operating income | $ | 221.6 | $ | 112.8 | $ | 108.8 | |||||||||
| Net income | $ | 136.9 | $ | 83.0 | $ | 53.9 | |||||||||
| Weighted average diluted shares | 116.2 | 119.4 | (3.2 | ) | |||||||||||
| Diluted EPS | $ | 1.18 | $ | 0.70 | $ | 0.48 | |||||||||
