| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $2.9B | $2.4B | 6.8% | 25.9% |
| Op. Income | $945M | $818M | $569M | 15.5% | 66.0% |
| Gross Margin | 63.1% | 62.1% | 58.0% | 1.0pp | 5.2pp |
| Net Margin | 25.6% | 18.0% | 19.6% | 7.6pp | 6.0pp |
| EPS (Diluted) | $1.60 | $1.04 | $0.96 | 53.8% | 66.7% |
| Free Cash Flow | $1.5B | $1.1B | $885M | 36.8% | 67.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $467M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $342M |
| Other Expenses | $187M |
| Operating Expenses | $997M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $945M |
| Interest Income | $33M |
| Interest Expense | $88M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $887M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $788M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $788M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $788M |
| D&A | $495M |
| EBIT | $975M |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $467M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $342M |
| Other Expenses | $187M |
| Operating Expenses | $997M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $945M |
| Interest Income | $33M |
| Interest Expense | $88M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $887M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $788M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $788M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $788M |
| D&A | $495M |
| EBIT | $975M |
| EBITDA | $1.5B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $788M |
| Depreciation & Amortization | $495M |
| Stock-Based Compensation | $86M |
| Deferred Income Tax | -$149M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $489M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$215M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$225M |
| Net Debt Issuance | -$102M |
| Common Stock Repurchased | -$680M |
| Common Dividends Paid | -$487M |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | $178M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $1.2B |
| Net Receivables | $1.4B |
| Inventory | $1.7B |
| Other Current Assets | $363M |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $3.3B |
| Goodwill | $26.9B |
| Intangible Assets | $8.0B |
| Long-Term Investments | $0 |
| Tax Assets | $1.9B |
| Other Non-Current Assets | $743M |
| TOTAL NON-CURRENT ASSETS | $40.9B |
| TOTAL ASSETS | $48.0B |
| Account Payables | $544M |
| Short-Term Debt | $447M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $468M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $8.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $623M |
| TOTAL NON-CURRENT LIABILITIES | $10.9B |
| TOTAL LIABILITIES | $14.2B |
| Common Stock | $82M |
| Additional Paid-In Capital | $23.3B |
| Retained Earnings | $10.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$155M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $33.8B |
| TOTAL LIABILITIES & EQUITY | $48.0B |
| Total Debt | $8.7B |
| Net Debt | $6.2B |
