| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.2B | — | $10.8B | — | -5.6% |
| Op. Income | $4.8B | — | $5.1B | — | -5.7% |
| Gross Margin | 84.2% | — | -16.0% | — | 100.1pp |
| Net Margin | 31.6% | — | 30.3% | — | 1.3pp |
| EPS (Diluted) | $0.56 | — | $0.56 | — | 0.0% |
| Free Cash Flow | -$7.6B | — | -$31.8B | — | 76.2% |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $8.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.3B |
| SG&A Expenses | $3.3B |
| Other Expenses | $471M |
| Operating Expenses | $3.8B |
| Cost & Expenses | $5.4B |
| OPERATING INCOME | $4.8B |
| Interest Income | $7.3B |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.8B |
| Income Tax Expense | $1.4B |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $433M |
| EBIT | $4.8B |
| EBITDA | $5.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $8.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.3B |
| SG&A Expenses | $3.3B |
| Other Expenses | $471M |
| Operating Expenses | $3.8B |
| Cost & Expenses | $5.4B |
| OPERATING INCOME | $4.8B |
| Interest Income | $7.3B |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4.8B |
| Income Tax Expense | $1.4B |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.2B |
| D&A | $433M |
| EBIT | $4.8B |
| EBITDA | $5.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.2B |
| Depreciation & Amortization | $434M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8.3B |
| Change in Working Capital | -$19.4B |
| OPERATING CASH FLOW | -$7.4B |
| Capital Expenditure | -$138M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$180M |
| NET CASH FROM INVESTING | -$318M |
| Net Debt Issuance | $2.5B |
| Common Stock Repurchased | -$520M |
| Common Dividends Paid | -$2.8B |
| Other Financing Activities | -$2.4B |
| NET CASH FROM FINANCING | -$3.1B |
| FREE CASH FLOW | -$7.6B |
| Net Change in Cash | -$12.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85.5B |
| Short-Term Investments | $192.4B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $277.9B |
| PP&E (Net) | $10.8B |
| Goodwill | $3.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $588.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $28.2B |
| TOTAL NON-CURRENT ASSETS | $630.5B |
| TOTAL ASSETS | $908.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $661.5B |
| TOTAL CURRENT LIABILITIES | $661.5B |
| Long-Term Debt | $83.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $91.8B |
| TOTAL NON-CURRENT LIABILITIES | $175.7B |
| TOTAL LIABILITIES | $837.2B |
| Common Stock | $88.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $66.4B |
| Minority Interest | $4.7B |
| TOTAL EQUITY | $71.2B |
| TOTAL LIABILITIES & EQUITY | $908.4B |
| Total Debt | $83.9B |
| Net Debt | -$1.5B |