| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.2B | $1.8B | 4.7% | 27.5% |
| Op. Income | $978M | $986M | $785M | -0.8% | 24.6% |
| Gross Margin | 64.6% | 65.2% | 64.2% | -0.7pp | 0.4pp |
| Net Margin | 37.0% | 40.3% | 41.3% | -3.4pp | -4.4pp |
| EPS (Diluted) | $0.67 | $0.70 | $0.58 | -4.3% | 15.5% |
| Free Cash Flow | $1.2B | $1.2B | $1.2B | 5.3% | 6.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $818M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $326M |
| Selling & Marketing | $151M |
| General & Administrative | $35M |
| SG&A Expenses | $186M |
| Other Expenses | $0 |
| Operating Expenses | $512M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $978M |
| Interest Income | $100M |
| Interest Expense | $0 |
| Other Income/Expenses | $99M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $224M |
| Net Income from Continuing Ops | $853M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $853M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $853M |
| D&A | $23M |
| EBIT | $978M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $818M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $326M |
| Selling & Marketing | $151M |
| General & Administrative | $35M |
| SG&A Expenses | $186M |
| Other Expenses | $0 |
| Operating Expenses | $512M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $978M |
| Interest Income | $100M |
| Interest Expense | $0 |
| Other Income/Expenses | $99M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $224M |
| Net Income from Continuing Ops | $853M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $853M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $853M |
| D&A | $23M |
| EBIT | $978M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $853M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $128M |
| Deferred Income Tax | $135M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $131M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $965M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $7.8B |
| Net Receivables | $1.5B |
| Inventory | $2.2B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $15.2B |
| PP&E (Net) | $173M |
| Goodwill | $416M |
| Intangible Assets | $304M |
| Long-Term Investments | $0 |
| Tax Assets | $1.7B |
| Other Non-Current Assets | $306M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $18.0B |
| Account Payables | $481M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3.5B |
| Other Current Liabilities | $194M |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $310M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $9.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.9B |
| TOTAL LIABILITIES & EQUITY | $18.0B |
| Total Debt | $0 |
| Net Debt | -$2.3B |
