| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.5B | $8.3B | $15.0B | 51.6% | -16.5% |
| Op. Income | $2.9B | $1.5B | $3.7B | 95.1% | -22.4% |
| Gross Margin | 39.2% | 39.0% | 38.9% | 0.2pp | 0.3pp |
| Net Margin | 14.4% | 10.5% | 15.8% | 3.9pp | -1.4pp |
| EPS (Diluted) | $6.64 | $3.19 | $8.53 | 108.2% | -22.2% |
| Free Cash Flow | $682M | -$1.9B | $580M | 135.5% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $549M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $287M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $784M |
| Other Income/Expenses | -$543M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $539M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $555M |
| EBIT | $3.1B |
| EBITDA | $3.7B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $12.5B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $549M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.2B |
| Other Expenses | $287M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $9.6B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $784M |
| Other Income/Expenses | -$543M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $539M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $555M |
| EBIT | $3.1B |
| EBITDA | $3.7B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $555M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$197M |
| Other Non-Cash Items | $391M |
| Change in Working Capital | -$875M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $568M |
| Purchases of Investments | -$206M |
| Sales/Maturities of Investments | $184M |
| Other Investing Activities | -$165M |
| NET CASH FROM INVESTING | -$637M |
| Net Debt Issuance | $939M |
| Common Stock Repurchased | -$397M |
| Common Dividends Paid | -$440M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $102M |
| FREE CASH FLOW | $682M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.0B |
| Short-Term Investments | $1.3B |
| Net Receivables | $60.5B |
| Inventory | $7.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $77.7B |
| PP&E (Net) | $14.9B |
| Goodwill | $4.1B |
| Intangible Assets | $964M |
| Long-Term Investments | $0 |
| Tax Assets | $2.1B |
| Other Non-Current Assets | $6.6B |
| TOTAL NON-CURRENT ASSETS | $28.7B |
| TOTAL ASSETS | $106.3B |
| Account Payables | $2.8B |
| Short-Term Debt | $23.5B |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $614M |
| TOTAL CURRENT LIABILITIES | $35.7B |
| Long-Term Debt | $42.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $496M |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $46.2B |
| TOTAL LIABILITIES | $81.9B |
| Common Stock | $5.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $58.2B |
| Treasury Stock | -$36.1B |
| Accum. Other Comp. Income | -$3.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.3B |
| Minority Interest | $91M |
| TOTAL EQUITY | $24.4B |
| TOTAL LIABILITIES & EQUITY | $106.3B |
| Total Debt | $66.6B |
| Net Debt | $58.6B |
