Non-GAAP(*) Quarterly Financial Results
Q1 2022 | Q1 2021 | Y/Y | Q4 2021 | Q/Q | |
Revenue ($M) | $5,887 | $3,445 | Up 71% | $4,826 | Up 22% |
Gross profit ($M) | $3,100 | $1,588 | Up 95% | $2,427 | Up 28% |
Gross margin % | 53% | 46% | Up 660 bps | 50% | Up 240 bps |
Operating expenses ($M) | $1,346 | $830 | Up 62% | $1,103 | Up 22% |
Operating income ($M) | $1,837 | $762 | Up 141% | $1,328 | Up 38% |
Operating margin % | 31% | 22% | Up 9pp | 27% | Up 4pp |
Net income ($M) | $1,589 | $642 | Up 148% | $1,122 | Up 42% |
Earnings per share | $1.13 | $0.52 | Up 117% | $0.92 | Up 23% |