| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $807M | $792M | $808M | 1.9% | -0.1% |
| Op. Income | $123M | $106M | $136M | 15.6% | -10.0% |
| Gross Margin | 43.5% | 44.4% | 46.0% | -0.8pp | -2.5pp |
| Net Margin | 8.7% | 6.7% | 9.6% | 2.1pp | -0.9pp |
| EPS (Diluted) | $0.46 | $0.35 | $0.51 | 31.4% | -9.8% |
| Free Cash Flow | $183M | $222M | $115M | -17.5% | 58.9% |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $456M |
| GROSS PROFIT | $351M |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $101M |
| SG&A Expenses | $102M |
| Other Expenses | $46M |
| Operating Expenses | $229M |
| Cost & Expenses | $685M |
| OPERATING INCOME | $123M |
| Interest Income | $2M |
| Interest Expense | $46M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $96M |
| EBIT | $118M |
| EBITDA | $214M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $456M |
| GROSS PROFIT | $351M |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $101M |
| SG&A Expenses | $102M |
| Other Expenses | $46M |
| Operating Expenses | $229M |
| Cost & Expenses | $685M |
| OPERATING INCOME | $123M |
| Interest Income | $2M |
| Interest Expense | $46M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $71M |
| D&A | $96M |
| EBIT | $118M |
| EBITDA | $214M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $71M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | $250M |
| Capital Expenditure | -$67M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$60M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$150M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$900.0K |
| NET CASH FROM FINANCING | -$164M |
| FREE CASH FLOW | $183M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $400M |
| Short-Term Investments | $0 |
| Net Receivables | $539M |
| Inventory | $647M |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.9B |
| Intangible Assets | $953M |
| Long-Term Investments | $0 |
| Tax Assets | $53M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $147M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $493M |
| Long-Term Debt | $3.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $1.5B |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$68M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $3.9B |
| Net Debt | $3.5B |
