| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $792M | $773M | $813M | 2.5% | -2.5% |
| Op. Income | $106M | $122M | $130M | -13.2% | -18.4% |
| Gross Margin | 44.4% | 46.1% | 46.2% | -1.7pp | -1.9pp |
| Net Margin | 6.7% | 8.1% | 8.3% | -1.5pp | -1.7pp |
| EPS (Diluted) | $0.35 | $0.41 | $0.45 | -14.6% | -22.2% |
| Free Cash Flow | $222M | $32M | $52M | 583.6% | 326.4% |
| Item | Amount |
|---|---|
| REVENUE | $792M |
| Cost of Revenue | $441M |
| GROSS PROFIT | $352M |
| R&D Expenses | $84M |
| Selling & Marketing | $0 |
| General & Administrative | $105M |
| SG&A Expenses | $105M |
| Other Expenses | $56M |
| Operating Expenses | $245M |
| Cost & Expenses | $686M |
| OPERATING INCOME | $106M |
| Interest Income | $2M |
| Interest Expense | $50M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $97M |
| EBIT | $108M |
| EBITDA | $206M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $792M |
| Cost of Revenue | $441M |
| GROSS PROFIT | $352M |
| R&D Expenses | $84M |
| Selling & Marketing | $0 |
| General & Administrative | $105M |
| SG&A Expenses | $105M |
| Other Expenses | $56M |
| Operating Expenses | $245M |
| Cost & Expenses | $686M |
| OPERATING INCOME | $106M |
| Interest Income | $2M |
| Interest Expense | $50M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $97M |
| EBIT | $108M |
| EBITDA | $206M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $115M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $114M |
| Capital Expenditure | $108M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$175M |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $222M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $377M |
| Short-Term Investments | $0 |
| Net Receivables | $494M |
| Inventory | $695M |
| Other Current Assets | $140M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.9B |
| Intangible Assets | $999M |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $157M |
| Short-Term Debt | $50M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $900.0K |
| TOTAL CURRENT LIABILITIES | $517M |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $52M |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.8B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $4.1B |
| Net Debt | $3.7B |
