| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.5B | 7.6% | 15.9% |
| Op. Income | $700M | $660M | $530M | 6.0% | 32.0% |
| Gross Margin | 64.9% | 63.7% | 60.6% | 1.2pp | 4.3pp |
| Net Margin | 39.4% | 40.6% | 33.7% | -1.2pp | 5.6pp |
| EPS (Diluted) | $0.52 | $0.50 | $0.39 | 4.0% | 33.3% |
| Free Cash Flow | $986M | $504M | $423M | 95.4% | 133.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $593M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $268M |
| Selling & Marketing | $104M |
| General & Administrative | $26M |
| SG&A Expenses | $130M |
| Other Expenses | $0 |
| Operating Expenses | $398M |
| Cost & Expenses | $991M |
| OPERATING INCOME | $700M |
| Interest Income | $71M |
| Interest Expense | $0 |
| Other Income/Expenses | $71M |
| INCOME BEFORE TAX | $770M |
| Income Tax Expense | $105M |
| Net Income from Continuing Ops | $665M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $665M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $665M |
| D&A | $16M |
| EBIT | $700M |
| EBITDA | $715M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $593M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $268M |
| Selling & Marketing | $104M |
| General & Administrative | $26M |
| SG&A Expenses | $130M |
| Other Expenses | $0 |
| Operating Expenses | $398M |
| Cost & Expenses | $991M |
| OPERATING INCOME | $700M |
| Interest Income | $71M |
| Interest Expense | $0 |
| Other Income/Expenses | $71M |
| INCOME BEFORE TAX | $770M |
| Income Tax Expense | $105M |
| Net Income from Continuing Ops | $665M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $665M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $665M |
| D&A | $16M |
| EBIT | $700M |
| EBITDA | $715M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $665M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $79M |
| Deferred Income Tax | -$151M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $390M |
| OPERATING CASH FLOW | $989M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$837M |
| Sales/Maturities of Investments | $362M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$478M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$172M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$173M |
| FREE CASH FLOW | $986M |
| Net Change in Cash | $337M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $3.8B |
| Net Receivables | $1.2B |
| Inventory | $1.9B |
| Other Current Assets | $488M |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $96M |
| Goodwill | $269M |
| Intangible Assets | $75M |
| Long-Term Investments | $0 |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $164M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $11.6B |
| Account Payables | $298M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $318M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $789M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $241M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $31.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $6.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $11.6B |
| Total Debt | $0 |
| Net Debt | -$2.4B |
