| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86.2B | $63.2B | $79.7B | 36.3% | 8.1% |
| Op. Income | $3.3B | $2.5B | $3.0B | 32.1% | 9.8% |
| Gross Margin | 12.9% | 13.0% | 12.7% | -0.1pp | 0.2pp |
| Net Margin | 3.0% | 3.0% | 3.0% | 0.0pp | 0.1pp |
| EPS (Diluted) | $5.87 | $4.28 | $5.29 | 37.1% | 11.0% |
| Free Cash Flow | $1.9B | $2.3B | $1.4B | -18.4% | 37.7% |
| Item | Amount |
|---|---|
| REVENUE | $86.2B |
| Cost of Revenue | $75.0B |
| GROSS PROFIT | $11.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.8B |
| Other Expenses | $0 |
| Operating Expenses | $7.8B |
| Cost & Expenses | $82.8B |
| OPERATING INCOME | $3.3B |
| Interest Income | $180M |
| Interest Expense | $46M |
| Other Income/Expenses | $169M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $900M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $774M |
| EBIT | $3.6B |
| EBITDA | $4.3B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $86.2B |
| Cost of Revenue | $75.0B |
| GROSS PROFIT | $11.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.8B |
| Other Expenses | $0 |
| Operating Expenses | $7.8B |
| Cost & Expenses | $82.8B |
| OPERATING INCOME | $3.3B |
| Interest Income | $180M |
| Interest Expense | $46M |
| Other Income/Expenses | $169M |
| INCOME BEFORE TAX | $3.5B |
| Income Tax Expense | $900M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.6B |
| D&A | $774M |
| EBIT | $3.6B |
| EBITDA | $4.3B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $2.6B |
| Depreciation & Amortization | $774M |
| Stock-Based Compensation | $140M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $350M |
| OPERATING CASH FLOW | $3.9B |
| Capital Expenditure | -$2.0B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$455M |
| Sales/Maturities of Investments | $355M |
| Other Investing Activities | $98M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | -$159M |
| Common Stock Repurchased | -$280M |
| Common Dividends Paid | -$1.2B |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $325M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.2B |
| Short-Term Investments | $1.1B |
| Net Receivables | $3.2B |
| Inventory | $18.1B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $38.4B |
| PP&E (Net) | $34.6B |
| Goodwill | $994M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.1B |
| TOTAL NON-CURRENT ASSETS | $38.7B |
| TOTAL ASSETS | $77.1B |
| Account Payables | $19.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.4B |
| TOTAL CURRENT LIABILITIES | $37.1B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $10.8B |
| TOTAL LIABILITIES | $47.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | $22.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.2B |
| TOTAL LIABILITIES & EQUITY | $77.1B |
| Total Debt | $8.2B |
| Net Debt | -$6.0B |
