| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $963M | $961M | $848M | 0.2% | 13.5% |
| Op. Income | $112M | $139M | $120M | -19.2% | -6.4% |
| Gross Margin | 20.4% | 29.9% | 38.8% | -9.6pp | -18.5pp |
| Net Margin | 7.7% | 13.3% | 11.9% | -5.6pp | -4.2pp |
| EPS (Diluted) | $1.13 | $1.92 | $1.49 | -41.1% | -24.2% |
| Free Cash Flow | $97M | $114M | $108M | -15.2% | -10.1% |
| Item | Amount |
|---|---|
| REVENUE | $963M |
| Cost of Revenue | $767M |
| GROSS PROFIT | $196M |
| R&D Expenses | $151M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$6M |
| Other Expenses | -$61M |
| Operating Expenses | $84M |
| Cost & Expenses | $850M |
| OPERATING INCOME | $112M |
| Interest Income | $5M |
| Interest Expense | $17M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $77M |
| EBIT | $109M |
| EBITDA | $185M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $963M |
| Cost of Revenue | $767M |
| GROSS PROFIT | $196M |
| R&D Expenses | $151M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$6M |
| Other Expenses | -$61M |
| Operating Expenses | $84M |
| Cost & Expenses | $850M |
| OPERATING INCOME | $112M |
| Interest Income | $5M |
| Interest Expense | $17M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $77M |
| EBIT | $109M |
| EBITDA | $185M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $77M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$502.0K |
| OPERATING CASH FLOW | $184M |
| Capital Expenditure | -$87M |
| Acquisitions (Net) | -$34M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$116M |
| Net Debt Issuance | $279M |
| Common Stock Repurchased | -$175M |
| Common Dividends Paid | -$31M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $77M |
| FREE CASH FLOW | $97M |
| Net Change in Cash | $145M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $402M |
| Short-Term Investments | $7M |
| Net Receivables | $804M |
| Inventory | $538M |
| Other Current Assets | $142M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $1.7B |
| Goodwill | $1.1B |
| Intangible Assets | $255M |
| Long-Term Investments | $131M |
| Tax Assets | $0 |
| Other Non-Current Assets | $153M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $341M |
| Short-Term Debt | $344M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $233M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $167M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $728.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $2.6B |
| Treasury Stock | -$954M |
| Accum. Other Comp. Income | -$186M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $44M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $1.5B |
| Net Debt | $1.1B |
