| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.2B | $6.3B | $7.9B | 28.8% | 3.3% |
| Op. Income | $2.3B | $934M | $2.2B | 143.1% | 4.3% |
| Gross Margin | 46.2% | 38.6% | 45.5% | 7.6pp | 0.7pp |
| Net Margin | 22.7% | 8.9% | 22.0% | 13.8pp | 0.7pp |
| EPS (Diluted) | $1.33 | $0.42 | $1.26 | 216.7% | 5.6% |
| Free Cash Flow | $736M | $1.5B | $628M | -52.2% | 17.2% |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $779M |
| Other Expenses | $718M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.9B |
| OPERATING INCOME | $2.3B |
| Interest Income | $15M |
| Interest Expense | $296M |
| Other Income/Expenses | -$414M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $1.9B |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $717M |
| EBIT | $2.2B |
| EBITDA | $2.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.2B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $779M |
| Other Expenses | $718M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.9B |
| OPERATING INCOME | $2.3B |
| Interest Income | $15M |
| Interest Expense | $296M |
| Other Income/Expenses | -$414M |
| INCOME BEFORE TAX | $1.9B |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1M |
| NET INCOME | $1.9B |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $717M |
| EBIT | $2.2B |
| EBITDA | $2.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $718M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $178M |
| Change in Working Capital | -$1.4B |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$647M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | -$624M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$41M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $736M |
| Net Change in Cash | -$379M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $651M |
| Inventory | $475M |
| Other Current Assets | $979M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $44.2B |
| Goodwill | $579M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $962M |
| TOTAL NON-CURRENT ASSETS | $47.0B |
| TOTAL ASSETS | $50.8B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $6.7B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.4B |
| Long-Term Debt | $25.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $27.5B |
| TOTAL LIABILITIES | $38.9B |
| Common Stock | $374M |
| Additional Paid-In Capital | $17.2B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$8.4B |
| Accum. Other Comp. Income | -$1.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.9B |
| TOTAL LIABILITIES & EQUITY | $50.8B |
| Total Debt | $27.9B |
| Net Debt | $26.1B |
