| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.2B | — | $27.2B | — | -7.5% |
| Op. Income | $9.1B | — | $4.8B | — | 90.0% |
| Gross Margin | 36.7% | — | 39.7% | — | -3.0pp |
| Net Margin | 17.5% | — | 3.4% | — | 14.1pp |
| EPS (Diluted) | $1.74 | — | $0.36 | — | 383.3% |
| Free Cash Flow | $3.3B | — | $4.1B | — | -20.0% |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $15.9B |
| GROSS PROFIT | $9.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $117M |
| Operating Expenses | $117M |
| Cost & Expenses | $16.1B |
| OPERATING INCOME | $9.1B |
| Interest Income | $322M |
| Interest Expense | $466M |
| Other Income/Expenses | -$457M |
| INCOME BEFORE TAX | $8.7B |
| Income Tax Expense | $3.4B |
| Net Income from Continuing Ops | $5.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.4B |
| D&A | $2.6B |
| EBIT | $8.8B |
| EBITDA | $11.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $15.9B |
| GROSS PROFIT | $9.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $117M |
| Operating Expenses | $117M |
| Cost & Expenses | $16.1B |
| OPERATING INCOME | $9.1B |
| Interest Income | $322M |
| Interest Expense | $466M |
| Other Income/Expenses | -$457M |
| INCOME BEFORE TAX | $8.7B |
| Income Tax Expense | $3.4B |
| Net Income from Continuing Ops | $5.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.4B |
| D&A | $2.6B |
| EBIT | $8.8B |
| EBITDA | $11.4B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.4B |
| Depreciation & Amortization | $2.6B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | -$174M |
| OPERATING CASH FLOW | $8.3B |
| Capital Expenditure | -$5.0B |
| Acquisitions (Net) | $340M |
| Purchases of Investments | -$679M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$125M |
| NET CASH FROM INVESTING | -$5.7B |
| Net Debt Issuance | -$308M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3.9B |
| Other Financing Activities | -$1.1B |
| NET CASH FROM FINANCING | -$5.3B |
| FREE CASH FLOW | $3.3B |
| Net Change in Cash | -$2.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.6B |
| Short-Term Investments | $298M |
| Net Receivables | $5.0B |
| Inventory | $5.5B |
| Other Current Assets | $428M |
| TOTAL CURRENT ASSETS | $20.9B |
| PP&E (Net) | $73.1B |
| Goodwill | $0 |
| Intangible Assets | $1.8B |
| Long-Term Investments | $3.1B |
| Tax Assets | $61M |
| Other Non-Current Assets | $1.9B |
| TOTAL NON-CURRENT ASSETS | $79.9B |
| TOTAL ASSETS | $100.7B |
| Account Payables | $6.0B |
| Short-Term Debt | $491M |
| Deferred Revenue | $50M |
| Other Current Liabilities | $4.7B |
| TOTAL CURRENT LIABILITIES | $12.3B |
| Long-Term Debt | $17.2B |
| Deferred Revenue NC | $48M |
| Deferred Tax Liabilities | $3.5B |
| Other Non-Current Liabilities | $15.5B |
| TOTAL NON-CURRENT LIABILITIES | $38.8B |
| TOTAL LIABILITIES | $51.1B |
| Common Stock | $5.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $40.6B |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45.5B |
| Minority Interest | $4.1B |
| TOTAL EQUITY | $49.6B |
| TOTAL LIABILITIES & EQUITY | $100.7B |
| Total Debt | $20.2B |
| Net Debt | $10.6B |
