| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.1B | $17.6B | $16.2B | 8.5% | 18.0% |
| Op. Income | $2.7B | $3.1B | $2.9B | -12.8% | -9.0% |
| Gross Margin | 28.6% | 33.8% | 34.3% | -5.2pp | -5.6pp |
| Net Margin | 12.5% | 13.0% | 17.2% | -0.4pp | -4.7pp |
| EPS (Diluted) | $5.12 | $4.89 | $5.78 | 4.7% | -11.4% |
| Free Cash Flow | $3.1B | $4.6B | $2.4B | -31.4% | 33.6% |
| Item | Amount |
|---|---|
| REVENUE | $19.1B |
| Cost of Revenue | $13.7B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $562M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $377M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $16.5B |
| OPERATING INCOME | $2.7B |
| Interest Income | $127M |
| Interest Expense | $478M |
| Other Income/Expenses | $366M |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $712M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $87M |
| NET INCOME | $2.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $598M |
| EBIT | $3.5B |
| EBITDA | $4.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $19.1B |
| Cost of Revenue | $13.7B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $562M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.9B |
| Other Expenses | $377M |
| Operating Expenses | $2.8B |
| Cost & Expenses | $16.5B |
| OPERATING INCOME | $2.7B |
| Interest Income | $127M |
| Interest Expense | $478M |
| Other Income/Expenses | $366M |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $712M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $87M |
| NET INCOME | $2.4B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $598M |
| EBIT | $3.5B |
| EBITDA | $4.1B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $598M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $165M |
| Other Non-Cash Items | -$122M |
| Change in Working Capital | $508M |
| OPERATING CASH FLOW | $3.6B |
| Capital Expenditure | -$444M |
| Acquisitions (Net) | -$21M |
| Purchases of Investments | -$639M |
| Sales/Maturities of Investments | $559M |
| Other Investing Activities | -$1.3B |
| NET CASH FROM INVESTING | -$1.9B |
| Net Debt Issuance | -$2.4B |
| Common Stock Repurchased | -$340M |
| Common Dividends Paid | -$706M |
| Other Financing Activities | $4.1B |
| NET CASH FROM FINANCING | $751M |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | $2.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.0B |
| Short-Term Investments | $0 |
| Net Receivables | $21.6B |
| Inventory | $18.1B |
| Other Current Assets | $2.8B |
| TOTAL CURRENT ASSETS | $52.5B |
| PP&E (Net) | $15.1B |
| Goodwill | $5.3B |
| Intangible Assets | $241M |
| Long-Term Investments | $16.4B |
| Tax Assets | $2.9B |
| Other Non-Current Assets | $6.1B |
| TOTAL NON-CURRENT ASSETS | $46.1B |
| TOTAL ASSETS | $98.6B |
| Account Payables | $9.0B |
| Short-Term Debt | $12.6B |
| Deferred Revenue | $3.3B |
| Other Current Liabilities | $11.6B |
| TOTAL CURRENT LIABILITIES | $36.6B |
| Long-Term Debt | $30.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.0B |
| TOTAL NON-CURRENT LIABILITIES | $40.7B |
| TOTAL LIABILITIES | $77.3B |
| Common Stock | $7.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $65.4B |
| Treasury Stock | -$49.5B |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.3B |
| TOTAL LIABILITIES & EQUITY | $98.6B |
| Total Debt | $43.3B |
| Net Debt | $33.4B |
