| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.8B | $2.9B | -2.1% | -4.3% |
| Op. Income | $374M | $267M | -$556M | 40.4% | 167.3% |
| Gross Margin | 25.4% | 25.0% | 27.7% | 0.4pp | -2.3pp |
| Net Margin | 9.2% | 5.1% | -19.5% | 4.1pp | 28.7pp |
| EPS (Diluted) | $0.53 | $0.30 | $-1.18 | 76.7% | 144.9% |
| Free Cash Flow | $261M | $503M | $406M | -48.2% | -35.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $707M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $333M |
| Other Expenses | -$61M |
| Operating Expenses | $333M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $374M |
| Interest Income | $600.0K |
| Interest Expense | $102M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $95M |
| EBIT | $396M |
| EBITDA | $491M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $707M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $333M |
| Other Expenses | -$61M |
| Operating Expenses | $333M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $374M |
| Interest Income | $600.0K |
| Interest Expense | $102M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $256M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $256M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $256M |
| D&A | $95M |
| EBIT | $396M |
| EBITDA | $491M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $256M |
| Depreciation & Amortization | $95M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $62M |
| Change in Working Capital | -$73M |
| OPERATING CASH FLOW | $346M |
| Capital Expenditure | -$85M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$167M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$244M |
| FREE CASH FLOW | $261M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $770M |
| Inventory | $2.0B |
| Other Current Assets | $185M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $2.8B |
| Goodwill | $10.5B |
| Intangible Assets | $2.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $17.9B |
| TOTAL ASSETS | $20.9B |
| Account Payables | $1.6B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $6.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $810M |
| Other Non-Current Liabilities | $640M |
| TOTAL NON-CURRENT LIABILITIES | $7.7B |
| TOTAL LIABILITIES | $12.0B |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $6.8B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $20.9B |
| Total Debt | $8.1B |
| Net Debt | $8.0B |
