| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.3B | $2.5B | -3.7% | -10.6% |
| Op. Income | $210M | $284M | $357M | -26.1% | -41.2% |
| Gross Margin | 19.7% | 22.1% | 24.6% | -2.5pp | -4.9pp |
| Net Margin | 2.1% | 6.1% | 7.3% | -4.0pp | -5.2pp |
| EPS (Diluted) | $0.41 | $1.20 | $1.53 | -65.8% | -73.2% |
| Free Cash Flow | $265M | $83M | $275M | 219.3% | -3.6% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $433M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $223M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $210M |
| Interest Income | $2M |
| Interest Expense | $56M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $134M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $129M |
| EBIT | $190M |
| EBITDA | $319M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $433M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $223M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $210M |
| Interest Income | $2M |
| Interest Expense | $56M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $134M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $129M |
| EBIT | $190M |
| EBITDA | $319M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $129M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $87M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $139M |
| OPERATING CASH FLOW | $402M |
| Capital Expenditure | -$137M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$137M |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$96M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$201M |
| FREE CASH FLOW | $265M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $489M |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $1.9B |
| Other Current Assets | $87M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $5.7B |
| Goodwill | $3.7B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $773M |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $15.0B |
| Account Payables | $1.8B |
| Short-Term Debt | $290M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $4.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $525M |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $7.0B |
| TOTAL LIABILITIES | $9.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $10.1B |
| Treasury Stock | -$6.5B |
| Accum. Other Comp. Income | -$331M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $72M |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $15.0B |
| Total Debt | $5.1B |
| Net Debt | $4.6B |
