| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $5.7B | $5.7B | -1.6% | -0.2% |
| Op. Income | $2.5B | $1.8B | $1.6B | 35.6% | 56.4% |
| Gross Margin | 77.8% | 61.8% | 97.7% | 15.9pp | -19.9pp |
| Net Margin | 12.4% | 25.7% | 22.1% | -13.2pp | -9.7pp |
| EPS (Diluted) | $1.30 | $2.70 | $2.23 | -51.9% | -41.7% |
| Free Cash Flow | $1.1B | $1.4B | $1.4B | -26.2% | -23.5% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $266M |
| SG&A Expenses | $266M |
| Other Expenses | $1.6B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $887M |
| Income Tax Expense | $186M |
| Net Income from Continuing Ops | $701M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $701M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $701M |
| D&A | $1.5B |
| EBIT | $938M |
| EBITDA | $2.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $4.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $266M |
| SG&A Expenses | $266M |
| Other Expenses | $1.6B |
| Operating Expenses | $1.9B |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $2.5B |
| Interest Income | $0 |
| Interest Expense | $51M |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $887M |
| Income Tax Expense | $186M |
| Net Income from Continuing Ops | $701M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $701M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $701M |
| D&A | $1.5B |
| EBIT | $938M |
| EBITDA | $2.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $701M |
| Depreciation & Amortization | $213M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | -$84M |
| Other Non-Cash Items | $1.6B |
| Change in Working Capital | $143M |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | $13M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$232M |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $217M |
| Common Stock Repurchased | -$665M |
| Common Dividends Paid | -$550M |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$984M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $1.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $6.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $51.8B |
| Account Payables | $2.9B |
| Short-Term Debt | $499M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $299M |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $7.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.9B |
| Other Non-Current Liabilities | $3.5B |
| TOTAL NON-CURRENT LIABILITIES | $18.3B |
| TOTAL LIABILITIES | $22.0B |
| Common Stock | $206M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $29.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.8B |
| TOTAL LIABILITIES & EQUITY | $51.8B |
| Total Debt | $8.4B |
| Net Debt | $5.0B |
