FY 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$496M	—	$429M	—	15.6%
Op. Income	$128M	—	$108M	—	18.6%
Gross Margin	50.5%	—	48.9%	—	1.5pp
Net Margin	10.2%	—	27.6%	—	-17.4pp
EPS (Diluted)	$1.04	—	$2.42	—	-57.0%

Revenue Flow

Item	Amount
REVENUE	$496M
Cost of Revenue	$246M
GROSS PROFIT	$250M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$74M
Other Expenses	$0
Operating Expenses	$122M
Cost & Expenses	$368M
OPERATING INCOME	$128M
Interest Income	$25M
Interest Expense	$0
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$52M
Income Tax Expense	$2M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$0
EBIT	$128M
EBITDA	$128M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$496M
Cost of Revenue	$246M
GROSS PROFIT	$250M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$74M
Other Expenses	$0
Operating Expenses	$122M
Cost & Expenses	$368M
OPERATING INCOME	$128M
Interest Income	$25M
Interest Expense	$0
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$52M
Income Tax Expense	$2M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$0
EBIT	$128M
EBITDA	$128M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$178M
Short-Term Investments	$490M
Net Receivables	$91M
Inventory	$112M
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$897M
PP&E (Net)	$65M
Goodwill	$74M
Intangible Assets	$10M
Long-Term Investments	$183M
Tax Assets	$13M
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$363M
TOTAL ASSETS	$1.3B
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$74M
TOTAL CURRENT LIABILITIES	$107M
Long-Term Debt	$520M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$535M
TOTAL LIABILITIES	$643M
Common Stock	$178.0K
Additional Paid-In Capital	$232M
Retained Earnings	$387M
Treasury Stock	-$2M
Accum. Other Comp. Income	$287.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$617M
Minority Interest	$0
TOTAL EQUITY	$617M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$520M
Net Debt	$342M