| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.6B | $9.2B | $8.5B | 4.3% | 12.4% |
| Op. Income | $2.5B | $2.6B | $2.0B | -4.5% | 23.4% |
| Gross Margin | 67.8% | 67.2% | 61.1% | 0.6pp | 6.7pp |
| Net Margin | 33.7% | 15.6% | 33.3% | 18.0pp | 0.4pp |
| EPS (Diluted) | $5.93 | $2.65 | $5.22 | 123.8% | 13.6% |
| Free Cash Flow | $4.2B | $1.9B | $3.3B | 122.3% | 28.2% |
| Item | Amount |
|---|---|
| REVENUE | $9.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $6.5B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $329M |
| Operating Expenses | $3.9B |
| Cost & Expenses | $7.0B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $685M |
| Other Income/Expenses | $1.4B |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $705M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $1.3B |
| EBIT | $4.6B |
| EBITDA | $5.9B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $9.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $6.5B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $329M |
| Operating Expenses | $3.9B |
| Cost & Expenses | $7.0B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $685M |
| Other Income/Expenses | $1.4B |
| INCOME BEFORE TAX | $3.9B |
| Income Tax Expense | $705M |
| Net Income from Continuing Ops | $3.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $1.3B |
| EBIT | $4.6B |
| EBITDA | $5.9B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $1.3B |
| Stock-Based Compensation | $127M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | -$1.6B |
| Change in Working Capital | $1.7B |
| OPERATING CASH FLOW | $4.7B |
| Capital Expenditure | -$436M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | -$414M |
| Net Debt Issuance | -$1.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$2.9B |
| FREE CASH FLOW | $4.2B |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.4B |
| Short-Term Investments | $0 |
| Net Receivables | $8.5B |
| Inventory | $6.3B |
| Other Current Assets | $3.6B |
| TOTAL CURRENT ASSETS | $27.9B |
| PP&E (Net) | $7.2B |
| Goodwill | $18.7B |
| Intangible Assets | $23.1B |
| Long-Term Investments | $7.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.7B |
| TOTAL NON-CURRENT ASSETS | $62.3B |
| TOTAL ASSETS | $90.1B |
| Account Payables | $2.8B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21.8B |
| Long-Term Debt | $52.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $58.7B |
| TOTAL LIABILITIES | $80.5B |
| Common Stock | $33.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$23.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$422M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $90.1B |
| Total Debt | $54.6B |
| Net Debt | $45.1B |
