(In millions, except per share amounts)

Quarter Ended

September 30

December 31

March 31

June 30

Total

Fiscal Year 2020

Revenue

$

  33,055

$

36,906

$

35,021

$

38,033

$

143,015

Gross margin

22,649

24,548

24,046

25,694

96,937

Operating income

12,686

13,891

12,975

13,407

52,959

Net income

10,678

11,649

10,752

11,202

44,281

Basic earnings per share

1.40

1.53

1.41

1.48

5.82

Diluted earnings per share

1.38

1.51

1.40

1.46

5.76

Fiscal Year 2019

Revenue

  29,084

32,471

30,571

33,717

125,843

Gross margin

19,179

20,048

20,401

23,305

82,933

Operating income

9,955

10,258

10,341

12,405

42,959

Net income ^(a)

8,824

8,420

8,809

13,187

39,240

Basic earnings per share

1.15

1.09

1.15

1.72

5.11

Diluted earnings per share ^(b)

1.14

1.08

1.14

1.71

5.06

(a)

Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 – Income Taxes for further information.

(b)

Reflects the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers, which decreased (increased) diluted EPS $0.02 for the second quarter, $(0.34) for the fourth quarter, and $(0.31) for fiscal year 2019.