| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $3.6B | $3.1B | 14.3% | 36.3% |
| Op. Income | $262M | $452M | $286M | -42.0% | -8.3% |
| Gross Margin | 33.1% | 37.1% | 35.8% | -3.9pp | -2.6pp |
| Net Margin | 1.8% | 10.5% | 7.5% | -8.7pp | -5.6pp |
| EPS (Diluted) | $0.86 | $4.71 | $2.75 | -81.7% | -68.7% |
| Free Cash Flow | -$464M | $296M | -$139M | -256.5% | -232.9% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $262M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $0 |
| EBIT | $123M |
| EBITDA | $123M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $262M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $0 |
| EBIT | $123M |
| EBITDA | $123M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $128M |
| Stock-Based Compensation | $63M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$476M |
| OPERATING CASH FLOW | -$196M |
| Capital Expenditure | -$267M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $255M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$109M |
| Other Financing Activities | -$36M |
| NET CASH FROM FINANCING | -$198M |
| FREE CASH FLOW | -$464M |
| Net Change in Cash | -$410M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $821M |
| Short-Term Investments | $0 |
| Net Receivables | $475M |
| Inventory | $5.6B |
| Other Current Assets | $414M |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $8.0B |
| Goodwill | $699M |
| Intangible Assets | $797M |
| Long-Term Investments | $0 |
| Tax Assets | $72M |
| Other Non-Current Assets | $512M |
| TOTAL NON-CURRENT ASSETS | $10.1B |
| TOTAL ASSETS | $17.4B |
| Account Payables | $2.1B |
| Short-Term Debt | $995M |
| Deferred Revenue | $453M |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $245M |
| Other Non-Current Liabilities | $281M |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $891.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | $6.8B |
| Treasury Stock | -$5.0B |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $17.4B |
| Total Debt | $7.7B |
| Net Debt | $6.9B |
