| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $5.4B | $5.9B | 7.0% | -2.3% |
| Op. Income | $1.8B | $1.7B | $2.1B | 5.1% | -12.1% |
| Gross Margin | 61.8% | 64.4% | 68.2% | -2.6pp | -6.3pp |
| Net Margin | 25.7% | 25.1% | 28.5% | 0.5pp | -2.9pp |
| EPS (Diluted) | $2.70 | $2.46 | $2.95 | 9.8% | -8.5% |
| Free Cash Flow | $1.4B | $239M | $2.1B | 505.9% | -30.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $239M |
| SG&A Expenses | $1.4B |
| Other Expenses | $336M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $353M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $1.2B |
| EBIT | $1.9B |
| EBITDA | $3.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $239M |
| SG&A Expenses | $1.4B |
| Other Expenses | $336M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $353M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $1.2B |
| EBIT | $1.9B |
| EBITDA | $3.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $278M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $138M |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$1.7B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4.3B |
| NET CASH FROM INVESTING | -$6.0B |
| Net Debt Issuance | $2.2B |
| Common Stock Repurchased | -$479M |
| Common Dividends Paid | -$545M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | -$1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $945M |
| Other Current Assets | $665M |
| TOTAL CURRENT ASSETS | $7.8B |
| PP&E (Net) | $42.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $37M |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $44.4B |
| TOTAL ASSETS | $52.2B |
| Account Payables | $2.9B |
| Short-Term Debt | $27M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $469M |
| TOTAL CURRENT LIABILITIES | $4.8B |
| Long-Term Debt | $7.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.9B |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $17.1B |
| TOTAL LIABILITIES | $21.9B |
| Common Stock | $206M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | $29.6B |
| Treasury Stock | -$5.5B |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $30.3B |
| TOTAL LIABILITIES & EQUITY | $52.2B |
| Total Debt | $8.1B |
| Net Debt | $4.6B |
