| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.8B | $6.0B | -8.3% | -11.2% |
| Op. Income | $1.7B | $1.9B | $2.1B | -6.0% | -18.0% |
| Gross Margin | 64.4% | 68.3% | 70.2% | -3.8pp | -5.7pp |
| Net Margin | 25.1% | 25.0% | 28.0% | 0.1pp | -2.9pp |
| EPS (Diluted) | $2.46 | $2.65 | $2.95 | -7.2% | -16.6% |
| Free Cash Flow | $239M | $806M | $1.2B | -70.3% | -80.4% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $186M |
| SG&A Expenses | $1.4B |
| Other Expenses | $302M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $406M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $1.1B |
| EBIT | $1.8B |
| EBITDA | $2.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $186M |
| SG&A Expenses | $1.4B |
| Other Expenses | $302M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $1.7B |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $406M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $1.1B |
| EBIT | $1.8B |
| EBITDA | $2.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $105M |
| Other Non-Cash Items | -$70M |
| Change in Working Capital | -$454M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$1.8B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | -$509M |
| Common Stock Repurchased | -$602M |
| Common Dividends Paid | -$528M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $239M |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $0 |
| Net Receivables | $2.5B |
| Inventory | $934M |
| Other Current Assets | $591M |
| TOTAL CURRENT ASSETS | $9.2B |
| PP&E (Net) | $35.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $39M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $37.0B |
| TOTAL ASSETS | $46.3B |
| Account Payables | $2.3B |
| Short-Term Debt | $778M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $342M |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.0B |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $11.9B |
| TOTAL LIABILITIES | $17.0B |
| Common Stock | $206M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $28.1B |
| Treasury Stock | -$5.2B |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.2B |
| TOTAL LIABILITIES & EQUITY | $46.3B |
| Total Debt | $4.6B |
| Net Debt | -$620M |
