| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $4.7B | $5.0B | 0.8% | -3.6% |
| Op. Income | $479M | $659M | $869M | -27.3% | -44.9% |
| Gross Margin | 43.9% | 46.1% | 51.7% | -2.2pp | -7.8pp |
| Net Margin | 22.4% | 23.8% | 16.2% | -1.4pp | 6.2pp |
| EPS (Diluted) | $2.97 | $3.16 | $2.20 | -5.9% | 35.1% |
| Free Cash Flow | -$683M | -$1.3B | $915M | 47.5% | -174.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $748M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $871M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $479M |
| Interest Income | $286M |
| Interest Expense | $102M |
| Other Income/Expenses | $711M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $129M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $312M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $748M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $871M |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $479M |
| Interest Income | $286M |
| Interest Expense | $102M |
| Other Income/Expenses | $711M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $129M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $312M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $312M |
| Stock-Based Compensation | $158M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.7B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$128M |
| Capital Expenditure | -$555M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$693M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.3B |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | -$683M |
| Net Change in Cash | -$2.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.4B |
| Short-Term Investments | $13.7B |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $3.1B |
| TOTAL CURRENT ASSETS | $23.0B |
| PP&E (Net) | $6.3B |
| Goodwill | $5.5B |
| Intangible Assets | $3.6B |
| Long-Term Investments | $22.7B |
| Tax Assets | $344M |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $42.9B |
| TOTAL ASSETS | $65.8B |
| Account Payables | $5.6B |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12.4B |
| Long-Term Debt | $8.1B |
| Deferred Revenue NC | $125M |
| Deferred Tax Liabilities | $613M |
| Other Non-Current Liabilities | $334M |
| TOTAL NON-CURRENT LIABILITIES | $9.9B |
| TOTAL LIABILITIES | $22.3B |
| Common Stock | $40.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $40.2B |
| Minority Interest | $3.3B |
| TOTAL EQUITY | $43.5B |
| TOTAL LIABILITIES & EQUITY | $65.8B |
| Total Debt | $13.4B |
| Net Debt | $9.0B |
