| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.6B | $9.5B | $10.4B | 2.0% | -7.4% |
| Op. Income | $2.1B | $504M | $756M | 310.9% | 174.2% |
| Gross Margin | 23.2% | 20.0% | 20.6% | 3.1pp | 2.5pp |
| Net Margin | 9.7% | 6.6% | 5.8% | 3.2pp | 4.0pp |
| EPS (Diluted) | $0.53 | $0.34 | $0.31 | 56.5% | 71.4% |
| Free Cash Flow | $714M | $884M | $824M | -19.3% | -13.4% |
| Item | Amount |
|---|---|
| REVENUE | $9.6B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $730.8K |
| General & Administrative | $161M |
| SG&A Expenses | $162M |
| Other Expenses | $0 |
| Operating Expenses | $162M |
| Cost & Expenses | $7.6B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $948M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $940M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $940M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $938M |
| D&A | $1.0B |
| EBIT | $997M |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.6B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $730.8K |
| General & Administrative | $161M |
| SG&A Expenses | $162M |
| Other Expenses | $0 |
| Operating Expenses | $162M |
| Cost & Expenses | $7.6B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | $948M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $940M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $940M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $938M |
| D&A | $1.0B |
| EBIT | $997M |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $940M |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$275M |
| Change in Working Capital | -$176M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$843M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$113M |
| NET CASH FROM INVESTING | -$962M |
| Net Debt Issuance | -$265M |
| Common Stock Repurchased | -$686M |
| Common Dividends Paid | -$260M |
| Other Financing Activities | $101M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $714M |
| Net Change in Cash | -$484M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $2.3B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $28.0B |
| Goodwill | $2.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $373M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $32.0B |
| TOTAL ASSETS | $39.2B |
| Account Payables | $3.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $68M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.2B |
| TOTAL NON-CURRENT LIABILITIES | $14.3B |
| TOTAL LIABILITIES | $18.4B |
| Common Stock | $11.1B |
| Additional Paid-In Capital | $216M |
| Retained Earnings | $8.9B |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | $460M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.7B |
| Minority Interest | $11M |
| TOTAL EQUITY | $20.7B |
| TOTAL LIABILITIES & EQUITY | $39.2B |
| Total Debt | $7.3B |
| Net Debt | $5.9B |
