| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.1B | $2.9B | 18.1% | 27.9% |
| Op. Income | $277M | -$197M | $322M | 240.6% | -14.0% |
| Gross Margin | 25.5% | 16.3% | 31.3% | 9.3pp | -5.7pp |
| Net Margin | 4.6% | -5.3% | 7.6% | 9.9pp | -3.0pp |
| EPS (Diluted) | $1.42 | $-1.35 | $1.71 | 205.2% | -17.0% |
| Free Cash Flow | -$127M | $221M | $50M | -157.5% | -354.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $946M |
| R&D Expenses | $0 |
| Selling & Marketing | $105M |
| General & Administrative | $0 |
| SG&A Expenses | $105M |
| Other Expenses | $564M |
| Operating Expenses | $669M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $277M |
| Interest Income | $22M |
| Interest Expense | $57M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $238M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $199M |
| EBIT | $334M |
| EBITDA | $533M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $946M |
| R&D Expenses | $0 |
| Selling & Marketing | $105M |
| General & Administrative | $0 |
| SG&A Expenses | $105M |
| Other Expenses | $564M |
| Operating Expenses | $669M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $277M |
| Interest Income | $22M |
| Interest Expense | $57M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | $238M |
| Income Tax Expense | $66M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $199M |
| EBIT | $334M |
| EBITDA | $533M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $172M |
| Depreciation & Amortization | $199M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $376M |
| Capital Expenditure | -$503M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$374M |
| Sales/Maturities of Investments | $429M |
| Other Investing Activities | $82M |
| NET CASH FROM INVESTING | -$366M |
| Net Debt Issuance | $88M |
| Common Stock Repurchased | -$430M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $34M |
| NET CASH FROM FINANCING | -$308M |
| FREE CASH FLOW | -$127M |
| Net Change in Cash | -$294M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $778M |
| Short-Term Investments | $1.4B |
| Net Receivables | $737M |
| Inventory | $218M |
| Other Current Assets | $136M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $12.5B |
| Goodwill | $2.7B |
| Intangible Assets | $844M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $316M |
| TOTAL NON-CURRENT ASSETS | $16.4B |
| TOTAL ASSETS | $19.9B |
| Account Payables | $240M |
| Short-Term Debt | $500M |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $6.7B |
| Long-Term Debt | $4.4B |
| Deferred Revenue NC | $1.6B |
| Deferred Tax Liabilities | $938M |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $9.2B |
| TOTAL LIABILITIES | $15.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $899M |
| Retained Earnings | $4.9B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | -$228M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $19.9B |
| Total Debt | $6.4B |
| Net Debt | $5.6B |
