| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $94.0B | $95.4B | $85.8B | -1.4% | 9.6% |
| Op. Income | $28.2B | $29.6B | $25.4B | -4.7% | 11.2% |
| Gross Margin | 46.5% | 47.1% | 46.3% | -0.6pp | 0.2pp |
| Net Margin | 24.9% | 26.0% | 25.0% | -1.1pp | -0.1pp |
| EPS (Diluted) | $1.57 | $1.65 | $1.40 | -4.8% | 12.1% |
| Free Cash Flow | $24.4B | $20.9B | $26.7B | 16.9% | -8.6% |
| Item | Amount |
|---|---|
| REVENUE | $94.0B |
| Cost of Revenue | $50.3B |
| GROSS PROFIT | $43.7B |
| R&D Expenses | $8.9B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.7B |
| Other Expenses | $0 |
| Operating Expenses | $15.5B |
| Cost & Expenses | $65.8B |
| OPERATING INCOME | $28.2B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$171M |
| INCOME BEFORE TAX | $28.0B |
| Income Tax Expense | $4.6B |
| Net Income from Continuing Ops | $23.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23.4B |
| D&A | $2.8B |
| EBIT | $28.0B |
| EBITDA | $30.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $94.0B |
| Cost of Revenue | $50.3B |
| GROSS PROFIT | $43.7B |
| R&D Expenses | $8.9B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.7B |
| Other Expenses | $0 |
| Operating Expenses | $15.5B |
| Cost & Expenses | $65.8B |
| OPERATING INCOME | $28.2B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$171M |
| INCOME BEFORE TAX | $28.0B |
| Income Tax Expense | $4.6B |
| Net Income from Continuing Ops | $23.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23.4B |
| D&A | $2.8B |
| EBIT | $28.0B |
| EBITDA | $30.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $23.4B |
| Depreciation & Amortization | $2.8B |
| Stock-Based Compensation | $3.2B |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $469M |
| Change in Working Capital | -$2.0B |
| OPERATING CASH FLOW | $27.9B |
| Capital Expenditure | -$3.5B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.1B |
| Sales/Maturities of Investments | $14.0B |
| Other Investing Activities | -$340M |
| NET CASH FROM INVESTING | $5.1B |
| Net Debt Issuance | $2.7B |
| Common Stock Repurchased | -$21.1B |
| Common Dividends Paid | -$3.9B |
| Other Financing Activities | -$2.5B |
| NET CASH FROM FINANCING | -$24.8B |
| FREE CASH FLOW | $24.4B |
| Net Change in Cash | $8.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36.3B |
| Short-Term Investments | $19.1B |
| Net Receivables | $46.8B |
| Inventory | $5.9B |
| Other Current Assets | $14.4B |
| TOTAL CURRENT ASSETS | $122.5B |
| PP&E (Net) | $48.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $77.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $82.9B |
| TOTAL NON-CURRENT ASSETS | $209.0B |
| TOTAL ASSETS | $331.5B |
| Account Payables | $50.4B |
| Short-Term Debt | $19.3B |
| Deferred Revenue | $9.0B |
| Other Current Liabilities | $62.5B |
| TOTAL CURRENT LIABILITIES | $141.1B |
| Long-Term Debt | $82.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42.1B |
| TOTAL NON-CURRENT LIABILITIES | $124.5B |
| TOTAL LIABILITIES | $265.7B |
| Common Stock | $89.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$17.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $65.8B |
| TOTAL LIABILITIES & EQUITY | $331.5B |
| Total Debt | $101.7B |
| Net Debt | $65.4B |
