| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.6B | — | 4.0% | — |
| Op. Income | $313M | $332M | — | -5.7% | — |
| Gross Margin | 54.2% | 55.8% | — | -1.6pp | — |
| Net Margin | 8.0% | 9.1% | — | -1.1pp | — |
| EPS (Diluted) | $0.44 | $0.48 | — | -8.3% | — |
| Free Cash Flow | $489M | $539M | — | -9.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $273M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $901M |
| Other Expenses | -$14M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $313M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $217M |
| D&A | $257M |
| EBIT | $264M |
| EBITDA | $521M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $273M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $901M |
| Other Expenses | -$14M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $313M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $217M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $217M |
| D&A | $257M |
| EBIT | $264M |
| EBITDA | $521M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $217M |
| Depreciation & Amortization | $190M |
| Stock-Based Compensation | -$118M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $288M |
| Change in Working Capital | $81M |
| OPERATING CASH FLOW | $658M |
| Capital Expenditure | -$169M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$132M |
| NET CASH FROM INVESTING | -$300M |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | -$308M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$330M |
| FREE CASH FLOW | $489M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $80M |
| Net Receivables | $1.9B |
| Inventory | $2.4B |
| Other Current Assets | $509M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $5.2B |
| Goodwill | $9.3B |
| Intangible Assets | $9.0B |
| Long-Term Investments | $768M |
| Tax Assets | $0 |
| Other Non-Current Assets | $855M |
| TOTAL NON-CURRENT ASSETS | $25.1B |
| TOTAL ASSETS | $31.6B |
| Account Payables | $926M |
| Short-Term Debt | $575M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $20M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $22.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.0B |
| Minority Interest | $1M |
| TOTAL EQUITY | $22.0B |
| TOTAL LIABILITIES & EQUITY | $31.6B |
| Total Debt | $5.2B |
| Net Debt | $3.7B |
