| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.7B | $2.4B | -7.8% | 4.5% |
| Op. Income | $308M | $354M | $273M | -13.0% | 12.8% |
| Gross Margin | 29.4% | 30.5% | 30.9% | -1.1pp | -1.5pp |
| Net Margin | 2.7% | 6.4% | 5.6% | -3.8pp | -2.9pp |
| EPS (Diluted) | $0.22 | $0.58 | $0.44 | -62.1% | -50.0% |
| Free Cash Flow | $50M | $411M | $100M | -87.8% | -50.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $728M |
| R&D Expenses | $23M |
| Selling & Marketing | $216M |
| General & Administrative | $162M |
| SG&A Expenses | $378M |
| Other Expenses | $19M |
| Operating Expenses | $420M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $308M |
| Interest Income | $5M |
| Interest Expense | $85M |
| Other Income/Expenses | -$227M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $109M |
| EBIT | $166M |
| EBITDA | $275M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $728M |
| R&D Expenses | $23M |
| Selling & Marketing | $216M |
| General & Administrative | $162M |
| SG&A Expenses | $378M |
| Other Expenses | $19M |
| Operating Expenses | $420M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $308M |
| Interest Income | $5M |
| Interest Expense | $85M |
| Other Income/Expenses | -$227M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $109M |
| EBIT | $166M |
| EBITDA | $275M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $66M |
| Depreciation & Amortization | $109M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$63M |
| Other Non-Cash Items | $156M |
| Change in Working Capital | -$149M |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | -$85M |
| Acquisitions (Net) | $183M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $95M |
| Net Debt Issuance | -$792M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$116M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$915M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | -$686M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $0 |
| Net Receivables | $668M |
| Inventory | $1.3B |
| Other Current Assets | $121M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $2.7B |
| Goodwill | $5.0B |
| Intangible Assets | $4.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $580M |
| TOTAL NON-CURRENT ASSETS | $12.6B |
| TOTAL ASSETS | $14.8B |
| Account Payables | $1.3B |
| Short-Term Debt | $799M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $661M |
| TOTAL NON-CURRENT LIABILITIES | $8.1B |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $12M |
| Additional Paid-In Capital | $415M |
| Retained Earnings | $4.7B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $2M |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $14.8B |
| Total Debt | $6.9B |
| Net Debt | $6.8B |
