| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.0B | $15.0B | $13.1B | 6.3% | 22.0% |
| Op. Income | $5.9B | $5.8B | $3.8B | 1.0% | 55.4% |
| Gross Margin | 67.1% | 68.0% | 63.9% | -0.9pp | 3.2pp |
| Net Margin | 26.0% | 33.1% | -14.3% | -7.1pp | 40.3pp |
| EPS (Diluted) | $0.85 | $1.03 | $-0.40 | -17.5% | 312.5% |
| Free Cash Flow | $7.0B | $6.4B | $4.8B | 9.6% | 46.6% |
| Item | Amount |
|---|---|
| REVENUE | $16.0B |
| Cost of Revenue | $5.2B |
| GROSS PROFIT | $10.7B |
| R&D Expenses | $3.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $694M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $5.9B |
| Interest Income | $0 |
| Interest Expense | $754M |
| Other Income/Expenses | -$602M |
| INCOME BEFORE TAX | $5.3B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $4.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $2.2B |
| EBIT | $5.8B |
| EBITDA | $8.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $16.0B |
| Cost of Revenue | $5.2B |
| GROSS PROFIT | $10.7B |
| R&D Expenses | $3.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $694M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $10.1B |
| OPERATING INCOME | $5.9B |
| Interest Income | $0 |
| Interest Expense | $754M |
| Other Income/Expenses | -$602M |
| INCOME BEFORE TAX | $5.3B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $4.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $2.2B |
| EBIT | $5.8B |
| EBITDA | $8.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4.1B |
| Depreciation & Amortization | $2.2B |
| Stock-Based Compensation | $2.3B |
| Deferred Income Tax | $284M |
| Other Non-Cash Items | $112M |
| Change in Working Capital | -$1.9B |
| OPERATING CASH FLOW | $7.2B |
| Capital Expenditure | -$142M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$99M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $284M |
| NET CASH FROM INVESTING | $94M |
| Net Debt Issuance | -$3.2B |
| Common Stock Repurchased | -$58M |
| Common Dividends Paid | -$2.8B |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$6.0B |
| FREE CASH FLOW | $7.0B |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.7B |
| Short-Term Investments | $0 |
| Net Receivables | $6.5B |
| Inventory | $2.2B |
| Other Current Assets | $5.6B |
| TOTAL CURRENT ASSETS | $25.0B |
| PP&E (Net) | $2.5B |
| Goodwill | $97.8B |
| Intangible Assets | $34.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.0B |
| TOTAL NON-CURRENT ASSETS | $140.6B |
| TOTAL ASSETS | $165.6B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $10.3B |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $16.7B |
| Long-Term Debt | $62.8B |
| Deferred Revenue NC | $4.0B |
| Deferred Tax Liabilities | $3.8B |
| Other Non-Current Liabilities | $5.0B |
| TOTAL NON-CURRENT LIABILITIES | $75.6B |
| TOTAL LIABILITIES | $92.3B |
| Common Stock | $5M |
| Additional Paid-In Capital | $69.0B |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $221M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $73.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $73.3B |
| TOTAL LIABILITIES & EQUITY | $165.6B |
| Total Debt | $64.2B |
| Net Debt | $53.5B |
