Financial Summary (All financials)
| In millions, except per share items | Aug-31-23 | Sep-01-22 | Sep-02-21 | Sep-03-20 | Aug-29-19 | Aug-30-18 | Aug-31-17 | Sep-01-16 |
| Revenues | 15,540.0 | 30,758.0 | 27,705.0 | 21,435.0 | 23,406.0 | 30,391.0 | 20,322.0 | 12,399.0 |
| Revenue growth | -49.5% | 11.0% | 29.3% | -8.4% | -23.0% | 49.5% | 63.9% | -23.4% |
| Cost of goods sold | 16,956.0 | 16,860.0 | 17,282.0 | 14,883.0 | 12,704.0 | 12,500.0 | 11,886.0 | 9,894.0 |
| Gross profit | -1,416.0 | 13,898.0 | 10,423.0 | 6,552.0 | 10,702.0 | 17,891.0 | 8,436.0 | 2,505.0 |
| Gross margin | -9.1% | 45.2% | 37.6% | 30.6% | 45.7% | 58.9% | 41.5% | 20.2% |
| Selling, general and administrative | 920.0 | 1,066.0 | 894.0 | 881.0 | 836.0 | 813.0 | 743.0 | 659.0 |
| Research and development | 3,114.0 | 3,116.0 | 2,663.0 | 2,600.0 | 2,441.0 | 2,141.0 | 1,824.0 | 1,617.0 |
| EBITA | -5,315.0 | 9,839.0 | 6,890.0 | 3,148.0 | 7,432.0 | 15,021.0 | 5,891.0 | 260.0 |
| EBITA margin | -34.2% | 32.0% | 24.9% | 14.7% | 31.8% | 49.4% | 29.0% | 2.1% |
| Amortization of intangibles | 86.0 | 85.0 | 82.0 | 78.0 | 82.0 | | | |
| EBIT | -5,401.0 | 9,754.0 | 6,808.0 | 3,070.0 | 7,350.0 | 15,021.0 | 5,891.0 | 260.0 |
| EBIT margin | -34.8% | 31.7% | 24.6% | 14.3% | 31.4% | 49.4% | 29.0% | 2.1% |
| Pre-tax income | -5,658.0 | 9,571.0 | 6,218.0 | 2,983.0 | 7,048.0 | 14,307.0 | 5,196.0 | -281.0 |
| Income taxes | 177.0 | 888.0 | 394.0 | 280.0 | 693.0 | 168.0 | 114.0 | 19.0 |
| Tax rate | | 9.3% | 6.3% | 9.4% | 9.8% | 1.2% | 2.2% | |
| Net income | -5,833.0 | 8,687.0 | 5,861.0 | 2,687.0 | 6,313.0 | 14,135.0 | 5,089.0 | -276.0 |
| Net margin | -37.5% | 28.2% | 21.2% | 12.5% | 27.0% | 46.5% | 25.0% | -2.2% |
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| Diluted EPS | ($5.34) | $7.74 | $5.14 | $2.38 | $5.52 | $11.50 | $4.41 | ($0.27) |
| Shares outstanding (diluted) | 1,093.0 | 1,122.0 | 1,141.0 | 1,131.0 | 1,143.0 | 1,229.0 | 1,154.0 | 1,036.0 |
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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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