| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102.5B | $94.0B | $94.9B | 9.0% | 7.9% |
| Op. Income | $32.4B | $28.2B | $29.6B | 15.0% | 9.6% |
| Gross Margin | 47.2% | 46.5% | 46.2% | 0.7pp | 1.0pp |
| Net Margin | 26.8% | 24.9% | 15.5% | 1.9pp | 11.3pp |
| EPS (Diluted) | $1.85 | $1.57 | $0.97 | 17.8% | 90.7% |
| Free Cash Flow | $26.5B | $24.4B | $23.9B | 8.5% | 10.8% |
| Item | Amount |
|---|---|
| REVENUE | $102.5B |
| Cost of Revenue | $54.1B |
| GROSS PROFIT | $48.3B |
| R&D Expenses | $8.9B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.0B |
| Other Expenses | $0 |
| Operating Expenses | $15.9B |
| Cost & Expenses | $70.0B |
| OPERATING INCOME | $32.4B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $377M |
| INCOME BEFORE TAX | $32.8B |
| Income Tax Expense | $5.3B |
| Net Income from Continuing Ops | $27.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27.5B |
| D&A | $3.1B |
| EBIT | $32.8B |
| EBITDA | $35.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $102.5B |
| Cost of Revenue | $54.1B |
| GROSS PROFIT | $48.3B |
| R&D Expenses | $8.9B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.0B |
| Other Expenses | $0 |
| Operating Expenses | $15.9B |
| Cost & Expenses | $70.0B |
| OPERATING INCOME | $32.4B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $377M |
| INCOME BEFORE TAX | $32.8B |
| Income Tax Expense | $5.3B |
| Net Income from Continuing Ops | $27.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27.5B |
| D&A | $3.1B |
| EBIT | $32.8B |
| EBITDA | $35.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $27.5B |
| Depreciation & Amortization | $3.1B |
| Stock-Based Compensation | $3.2B |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | -$5.7B |
| OPERATING CASH FLOW | $29.7B |
| Capital Expenditure | -$3.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6.8B |
| Sales/Maturities of Investments | $8.0B |
| Other Investing Activities | -$505M |
| NET CASH FROM INVESTING | -$2.6B |
| Net Debt Issuance | -$3.2B |
| Common Stock Repurchased | -$20.1B |
| Common Dividends Paid | -$3.9B |
| Other Financing Activities | -$265M |
| NET CASH FROM FINANCING | -$27.5B |
| FREE CASH FLOW | $26.5B |
| Net Change in Cash | -$335M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35.9B |
| Short-Term Investments | $18.8B |
| Net Receivables | $73.0B |
| Inventory | $5.7B |
| Other Current Assets | $14.6B |
| TOTAL CURRENT ASSETS | $148.0B |
| PP&E (Net) | $49.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $77.7B |
| Tax Assets | $20.8B |
| Other Non-Current Assets | $63.0B |
| TOTAL NON-CURRENT ASSETS | $211.3B |
| TOTAL ASSETS | $359.2B |
| Account Payables | $69.9B |
| Short-Term Debt | $20.3B |
| Deferred Revenue | $9.1B |
| Other Current Liabilities | $42.3B |
| TOTAL CURRENT LIABILITIES | $165.6B |
| Long-Term Debt | $78.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.9B |
| TOTAL NON-CURRENT LIABILITIES | $119.9B |
| TOTAL LIABILITIES | $285.5B |
| Common Stock | $93.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$14.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $73.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $73.7B |
| TOTAL LIABILITIES & EQUITY | $359.2B |
| Total Debt | $112.4B |
| Net Debt | $76.4B |
