| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.5B | $2.5B | 5.0% | 4.0% |
| Op. Income | $247M | $468M | $318M | -47.2% | -22.3% |
| Gross Margin | 53.5% | 55.9% | 55.0% | -2.5pp | -1.6pp |
| Net Margin | 6.8% | 14.2% | 8.9% | -7.4pp | -2.2pp |
| EPS (Diluted) | $0.35 | $0.70 | $0.45 | -50.0% | -22.2% |
| Free Cash Flow | $403M | $278M | $410M | 45.0% | -1.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $245M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $870M |
| Other Expenses | $26M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $247M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $0 |
| EBIT | $250M |
| EBITDA | $250M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $245M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $870M |
| Other Expenses | $26M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $247M |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $199M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $176M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $176M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $176M |
| D&A | $0 |
| EBIT | $250M |
| EBITDA | $250M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $176M |
| Depreciation & Amortization | $219M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $216M |
| Change in Working Capital | -$144M |
| OPERATING CASH FLOW | $505M |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$52M |
| NET CASH FROM INVESTING | -$154M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | -$126M |
| Common Dividends Paid | -$166M |
| Other Financing Activities | -$56M |
| NET CASH FROM FINANCING | -$383M |
| FREE CASH FLOW | $403M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $2.4B |
| Other Current Assets | $489M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $5.1B |
| Goodwill | $9.2B |
| Intangible Assets | $9.2B |
| Long-Term Investments | $763M |
| Tax Assets | $470M |
| Other Non-Current Assets | $397M |
| TOTAL NON-CURRENT ASSETS | $25.1B |
| TOTAL ASSETS | $31.4B |
| Account Payables | $895M |
| Short-Term Debt | $71M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $857M |
| Other Non-Current Liabilities | $872M |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $20M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $22.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.1B |
| Minority Interest | $16M |
| TOTAL EQUITY | $22.1B |
| TOTAL LIABILITIES & EQUITY | $31.4B |
| Total Debt | $5.3B |
| Net Debt | $3.8B |
