| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48.2B | — | $48.9B | — | -1.5% |
| Op. Income | $4.3B | — | $5.0B | — | -13.3% |
| Gross Margin | 31.1% | — | 29.2% | — | 2.0pp |
| Net Margin | 7.3% | — | 9.2% | — | -1.8pp |
| EPS (Diluted) | $1.82 | — | $2.48 | — | -26.6% |
| Free Cash Flow | $4.7B | — | $5.6B | — | -16.8% |
| Item | Amount |
|---|---|
| REVENUE | $48.2B |
| Cost of Revenue | $33.2B |
| GROSS PROFIT | $15.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $9.2B |
| Operating Expenses | $10.7B |
| Cost & Expenses | $43.9B |
| OPERATING INCOME | $4.3B |
| Interest Income | $0 |
| Interest Expense | $370M |
| Other Income/Expenses | $1.1B |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.8B |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.5B |
| D&A | $5.8B |
| EBIT | $5.8B |
| EBITDA | $11.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $48.2B |
| Cost of Revenue | $33.2B |
| GROSS PROFIT | $15.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $9.2B |
| Operating Expenses | $10.7B |
| Cost & Expenses | $43.9B |
| OPERATING INCOME | $4.3B |
| Interest Income | $0 |
| Interest Expense | $370M |
| Other Income/Expenses | $1.1B |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.8B |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.5B |
| D&A | $5.8B |
| EBIT | $5.8B |
| EBITDA | $11.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.5B |
| Depreciation & Amortization | -$2.7B |
| Stock-Based Compensation | $100.0K |
| Deferred Income Tax | -$309M |
| Other Non-Cash Items | $9.3B |
| Change in Working Capital | -$638M |
| OPERATING CASH FLOW | $9.2B |
| Capital Expenditure | -$4.6B |
| Acquisitions (Net) | $1.6B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $751M |
| Other Investing Activities | $251M |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $2.1B |
| Common Stock Repurchased | -$2.6B |
| Common Dividends Paid | -$3.4B |
| Other Financing Activities | -$194M |
| NET CASH FROM FINANCING | -$4.0B |
| FREE CASH FLOW | $4.7B |
| Net Change in Cash | $3.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.7B |
| Short-Term Investments | $2M |
| Net Receivables | $17.9B |
| Inventory | $10.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $40.9B |
| PP&E (Net) | $429.3B |
| Goodwill | $4.6B |
| Intangible Assets | $0 |
| Long-Term Investments | $44.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$192.6B |
| TOTAL NON-CURRENT ASSETS | $285.6B |
| TOTAL ASSETS | $326.5B |
| Account Payables | $19.1B |
| Short-Term Debt | $3.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $914M |
| TOTAL CURRENT LIABILITIES | $35.5B |
| Long-Term Debt | $38.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29.8B |
| Other Non-Current Liabilities | $27.7B |
| TOTAL NON-CURRENT LIABILITIES | $95.4B |
| TOTAL LIABILITIES | $130.9B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $33.8B |
| Retained Earnings | $206.0B |
| Treasury Stock | -$49.0B |
| Accum. Other Comp. Income | -$2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $189.8B |
| Minority Interest | $5.8B |
| TOTAL EQUITY | $195.6B |
| TOTAL LIABILITIES & EQUITY | $326.5B |
| Total Debt | $41.5B |
| Net Debt | $33.8B |
