| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.1B | $4.6B | 4.4% | 15.9% |
| Op. Income | $1.2B | $1.1B | $589M | 14.9% | 104.8% |
| Gross Margin | 74.5% | 69.9% | 58.6% | 4.5pp | 15.9pp |
| Net Margin | 12.6% | 14.9% | 12.4% | -2.3pp | 0.2pp |
| EPS (Diluted) | $0.45 | $0.50 | $0.38 | -10.0% | 18.5% |
| Free Cash Flow | $1.0B | $1.2B | $1.2B | -12.8% | -12.9% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $569M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $328M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | -$506M |
| INCOME BEFORE TAX | $700M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $669M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $668M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $672M |
| D&A | $0 |
| EBIT | $956M |
| EBITDA | $956M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $569M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $328M |
| Operating Expenses | $2.7B |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | -$506M |
| INCOME BEFORE TAX | $700M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $669M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $668M |
| Net Income Deductions | -$4M |
| BOTTOM LINE NET INCOME | $672M |
| D&A | $0 |
| EBIT | $956M |
| EBITDA | $956M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $672M |
| Depreciation & Amortization | $365M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $194M |
| Change in Working Capital | $155M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$351M |
| Acquisitions (Net) | -$89M |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$512M |
| Net Debt Issuance | -$405M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $201M |
| NET CASH FROM FINANCING | -$184M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | $672M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $2.9B |
| Inventory | $2.9B |
| Other Current Assets | $580M |
| TOTAL CURRENT ASSETS | $8.8B |
| PP&E (Net) | $4.5B |
| Goodwill | $18.3B |
| Intangible Assets | $7.0B |
| Long-Term Investments | $842M |
| Tax Assets | $3.7B |
| Other Non-Current Assets | $559M |
| TOTAL NON-CURRENT ASSETS | $34.9B |
| TOTAL ASSETS | $43.7B |
| Account Payables | $1.1B |
| Short-Term Debt | $389M |
| Deferred Revenue | $313M |
| Other Current Liabilities | $2.2B |
| TOTAL CURRENT LIABILITIES | $5.4B |
| Long-Term Debt | $11.5B |
| Deferred Revenue NC | $369M |
| Deferred Tax Liabilities | $220M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $13.8B |
| TOTAL LIABILITIES | $19.2B |
| Common Stock | $17M |
| Additional Paid-In Capital | $21.5B |
| Retained Earnings | $5.6B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$610M |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $24.2B |
| Minority Interest | $239M |
| TOTAL EQUITY | $24.5B |
| TOTAL LIABILITIES & EQUITY | $43.7B |
| Total Debt | $12.4B |
| Net Debt | $10.4B |
