| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $542M | $374M | $481M | 44.9% | 12.6% |
| Op. Income | $132M | $47M | $106M | 181.8% | 24.7% |
| Gross Margin | 52.2% | 50.5% | 51.3% | 1.6pp | 0.9pp |
| Net Margin | 18.8% | 11.3% | 15.7% | 7.6pp | 3.2pp |
| EPS (Diluted) | $1.83 | $0.76 | $1.34 | 140.8% | 36.6% |
| Free Cash Flow | $5M | $77M | -$31M | -92.9% | 117.6% |
| Item | Amount |
|---|---|
| REVENUE | $542M |
| Cost of Revenue | $259M |
| GROSS PROFIT | $283M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $151M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $132M |
| Interest Income | $8M |
| Interest Expense | $244.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $13M |
| EBIT | $140M |
| EBITDA | $153M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $542M |
| Cost of Revenue | $259M |
| GROSS PROFIT | $283M |
| R&D Expenses | $113M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $151M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $132M |
| Interest Income | $8M |
| Interest Expense | $244.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $140M |
| Income Tax Expense | $38M |
| Net Income from Continuing Ops | $102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $102M |
| D&A | $13M |
| EBIT | $140M |
| EBITDA | $153M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $102M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $99.0K |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $835.0K |
| Other Investing Activities | -$225.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$53M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $446M |
| Short-Term Investments | $32M |
| Net Receivables | $324M |
| Inventory | $272M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $302M |
| Goodwill | $436M |
| Intangible Assets | $26M |
| Long-Term Investments | $228M |
| Tax Assets | $49M |
| Other Non-Current Assets | $91M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $92M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $229M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $199M |
| TOTAL LIABILITIES | $428M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $107M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $153M |
| Net Debt | -$293M |
