| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.9B | $9.6B | $9.1B | 3.5% | 8.9% |
| Op. Income | $3.9B | $2.5B | $2.3B | 56.1% | 70.6% |
| Gross Margin | 81.9% | 67.8% | 65.7% | 14.2pp | 16.2pp |
| Net Margin | 13.5% | 33.7% | 6.9% | -20.2pp | 6.6pp |
| EPS (Diluted) | $2.45 | $5.93 | $1.16 | -58.7% | 111.2% |
| Free Cash Flow | $961M | $4.2B | $4.4B | -77.4% | -78.2% |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $76M |
| Operating Expenses | $4.2B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $3.9B |
| Interest Income | $0 |
| Interest Expense | $653M |
| Other Income/Expenses | -$2.4B |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $181M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $1.1B |
| EBIT | $3.9B |
| EBITDA | $5.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $8.1B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $76M |
| Operating Expenses | $4.2B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $3.9B |
| Interest Income | $0 |
| Interest Expense | $653M |
| Other Income/Expenses | -$2.4B |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $181M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $1.1B |
| EBIT | $3.9B |
| EBITDA | $5.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $1.0B |
| Change in Working Capital | -$1.9B |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$642M |
| Acquisitions (Net) | -$53M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$693M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | $57M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $961M |
| Net Change in Cash | -$316M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.1B |
| Short-Term Investments | $0 |
| Net Receivables | $9.6B |
| Inventory | $6.2B |
| Other Current Assets | $4.1B |
| TOTAL CURRENT ASSETS | $29.1B |
| PP&E (Net) | $7.9B |
| Goodwill | $18.7B |
| Intangible Assets | $22.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.7B |
| TOTAL NON-CURRENT ASSETS | $61.5B |
| TOTAL ASSETS | $90.6B |
| Account Payables | $20.9B |
| Short-Term Debt | $4.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25.5B |
| Long-Term Debt | $50.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $5.1B |
| TOTAL NON-CURRENT LIABILITIES | $56.4B |
| TOTAL LIABILITIES | $81.9B |
| Common Stock | $8.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $90.6B |
| Total Debt | $54.6B |
| Net Debt | $45.5B |
