| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.4B | $2.5B | 8.8% | 7.3% |
| Op. Income | $588M | $733M | $367M | -19.7% | 60.5% |
| Gross Margin | 64.2% | 76.2% | 61.2% | -12.0pp | 3.0pp |
| Net Margin | 24.0% | 9.9% | 23.7% | 14.1pp | 0.3pp |
| EPS (Diluted) | $4.35 | $1.64 | $4.00 | 165.2% | 8.7% |
| Free Cash Flow | $144M | $212M | $583M | -32.0% | -75.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $946M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $530M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $581M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $588M |
| Interest Income | $32M |
| Interest Expense | $73M |
| Other Income/Expenses | $156M |
| INCOME BEFORE TAX | $744M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $635M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $635M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $635M |
| D&A | $194M |
| EBIT | $916M |
| EBITDA | $1.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $946M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $530M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $581M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $588M |
| Interest Income | $32M |
| Interest Expense | $73M |
| Other Income/Expenses | $156M |
| INCOME BEFORE TAX | $744M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $635M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $635M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $635M |
| D&A | $194M |
| EBIT | $916M |
| EBITDA | $1.1B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $635M |
| Depreciation & Amortization | $194M |
| Stock-Based Compensation | $75M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | $78M |
| Change in Working Capital | -$790M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | $161M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $2.3B |
| Other Current Assets | $851M |
| TOTAL CURRENT ASSETS | $8.0B |
| PP&E (Net) | $3.4B |
| Goodwill | $6.5B |
| Intangible Assets | $9.5B |
| Long-Term Investments | $224M |
| Tax Assets | $331M |
| Other Non-Current Assets | $414M |
| TOTAL NON-CURRENT ASSETS | $20.4B |
| TOTAL ASSETS | $28.3B |
| Account Payables | $408M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $385M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $6.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $118M |
| Other Non-Current Liabilities | $800M |
| TOTAL NON-CURRENT LIABILITIES | $7.5B |
| TOTAL LIABILITIES | $10.7B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $714M |
| Retained Earnings | $20.1B |
| Treasury Stock | -$3.0B |
| Accum. Other Comp. Income | -$238M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.6B |
| TOTAL LIABILITIES & EQUITY | $28.3B |
| Total Debt | $6.6B |
| Net Debt | $3.8B |
