| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $63.2B | $63.7B | $58.5B | -0.8% | 8.0% |
| Op. Income | $2.5B | $2.3B | $2.2B | 9.2% | 15.2% |
| Gross Margin | 13.0% | 12.5% | 12.5% | 0.5pp | 0.4pp |
| Net Margin | 3.0% | 2.8% | 2.9% | 0.2pp | 0.1pp |
| EPS (Diluted) | $4.28 | $4.02 | $3.78 | 6.5% | 13.2% |
| Free Cash Flow | $2.3B | $1.6B | $1.9B | 44.6% | 20.2% |
| Item | Amount |
|---|---|
| REVENUE | $63.2B |
| Cost of Revenue | $55.0B |
| GROSS PROFIT | $8.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.7B |
| Other Expenses | $0 |
| Operating Expenses | $5.7B |
| Cost & Expenses | $60.7B |
| OPERATING INCOME | $2.5B |
| Interest Income | $95M |
| Interest Expense | $35M |
| Other Income/Expenses | $50M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $677M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $552M |
| EBIT | $2.6B |
| EBITDA | $3.2B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $63.2B |
| Cost of Revenue | $55.0B |
| GROSS PROFIT | $8.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.7B |
| Other Expenses | $0 |
| Operating Expenses | $5.7B |
| Cost & Expenses | $60.7B |
| OPERATING INCOME | $2.5B |
| Interest Income | $95M |
| Interest Expense | $35M |
| Other Income/Expenses | $50M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $677M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $552M |
| EBIT | $2.6B |
| EBITDA | $3.2B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $552M |
| Stock-Based Compensation | $106M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $135M |
| Change in Working Capital | $764M |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$228M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$211M |
| Common Dividends Paid | -$515M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$748M |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13.8B |
| Short-Term Investments | $1.0B |
| Net Receivables | $2.9B |
| Inventory | $18.6B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $38.2B |
| PP&E (Net) | $33.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $37.3B |
| TOTAL ASSETS | $75.5B |
| Account Payables | $19.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.4B |
| TOTAL CURRENT LIABILITIES | $37.6B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.8B |
| TOTAL LIABILITIES | $48.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | $20.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.1B |
| TOTAL LIABILITIES & EQUITY | $75.5B |
| Total Debt | $8.2B |
| Net Debt | -$5.7B |
