| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.6B | $8.1B | $6.0B | -31.0% | -6.7% |
| Op. Income | $628M | $1.1B | $263M | -43.0% | 139.0% |
| Gross Margin | 48.5% | 46.3% | 42.7% | 2.2pp | 5.8pp |
| Net Margin | 7.5% | 6.6% | 4.8% | 1.0pp | 2.7pp |
| EPS (Diluted) | $0.13 | $0.16 | $0.09 | -21.1% | 45.0% |
| Free Cash Flow | $368M | $1.9B | $520M | -81.1% | -29.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $860M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $628M |
| Interest Income | $63M |
| Interest Expense | $82M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $594M |
| Income Tax Expense | $166M |
| Net Income from Continuing Ops | $428M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $421M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $421M |
| D&A | $234M |
| EBIT | $675M |
| EBITDA | $909M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5.6B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $860M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $628M |
| Interest Income | $63M |
| Interest Expense | $82M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $594M |
| Income Tax Expense | $166M |
| Net Income from Continuing Ops | $428M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $421M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $421M |
| D&A | $234M |
| EBIT | $675M |
| EBITDA | $909M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $421M |
| Depreciation & Amortization | $234M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $75M |
| Change in Working Capital | -$288M |
| OPERATING CASH FLOW | $442M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$661M |
| Sales/Maturities of Investments | $578M |
| Other Investing Activities | $317M |
| NET CASH FROM INVESTING | $132M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$66M |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | $368M |
| Net Change in Cash | $506M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.8B |
| Short-Term Investments | $555M |
| Net Receivables | $7.1B |
| Inventory | $3.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.5B |
| PP&E (Net) | $1.7B |
| Goodwill | $5.5B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $3.6B |
| Tax Assets | $2.4B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14.5B |
| TOTAL ASSETS | $30.0B |
| Account Payables | $2.8B |
| Short-Term Debt | $810M |
| Deferred Revenue | $5.0B |
| Other Current Liabilities | $5.2B |
| TOTAL CURRENT LIABILITIES | $14.2B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $147M |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $6.6B |
| TOTAL LIABILITIES | $20.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $9.3B |
| TOTAL STOCKHOLDERS' EQUITY | $9.3B |
| Minority Interest | -$127M |
| TOTAL EQUITY | $9.1B |
| TOTAL LIABILITIES & EQUITY | $30.0B |
| Total Debt | $4.6B |
| Net Debt | -$234M |
