| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.1B | $4.7B | $4.1B | 8.5% | 22.8% |
| Op. Income | $819M | $896M | $747M | -8.6% | 9.6% |
| Gross Margin | 67.7% | 63.3% | 62.7% | 4.4pp | 4.9pp |
| Net Margin | 15.7% | 14.5% | 7.9% | 1.2pp | 7.8pp |
| EPS (Diluted) | $0.53 | $0.45 | $0.22 | 17.4% | 142.8% |
| Free Cash Flow | $1.1B | $354M | $658M | 209.6% | 66.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $526M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $363M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $819M |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | $122M |
| INCOME BEFORE TAX | $941M |
| Income Tax Expense | $146M |
| Net Income from Continuing Ops | $795M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $793M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $793M |
| D&A | $336M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.1B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $526M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $363M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $819M |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | $122M |
| INCOME BEFORE TAX | $941M |
| Income Tax Expense | $146M |
| Net Income from Continuing Ops | $795M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $793M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $793M |
| D&A | $336M |
| EBIT | $1.0B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $795M |
| Depreciation & Amortization | $336M |
| Stock-Based Compensation | $75M |
| Deferred Income Tax | -$90M |
| Other Non-Cash Items | -$63M |
| Change in Working Capital | $233M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$190M |
| Acquisitions (Net) | -$1.0B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $40M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$314M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | -$340M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$178M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $534M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $2.9B |
| Other Current Assets | $613M |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $4.0B |
| Goodwill | $18.1B |
| Intangible Assets | $7.3B |
| Long-Term Investments | $626M |
| Tax Assets | $3.8B |
| Other Non-Current Assets | $746M |
| TOTAL NON-CURRENT ASSETS | $34.4B |
| TOTAL ASSETS | $41.6B |
| Account Payables | $962M |
| Short-Term Debt | $480M |
| Deferred Revenue | $313M |
| Other Current Liabilities | $597M |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $11.0B |
| Deferred Revenue NC | $349M |
| Deferred Tax Liabilities | $226M |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $13.7B |
| TOTAL LIABILITIES | $18.9B |
| Common Stock | $17M |
| Additional Paid-In Capital | $21.2B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$722M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.4B |
| Minority Interest | $235M |
| TOTAL EQUITY | $22.7B |
| TOTAL LIABILITIES & EQUITY | $41.6B |
| Total Debt | $12.0B |
| Net Debt | $11.5B |
