| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $5.6B | $6.4B | 6.7% | -7.0% |
| Op. Income | $737M | $628M | $344M | 17.2% | 114.0% |
| Gross Margin | 48.0% | 48.5% | 43.9% | -0.5pp | 4.1pp |
| Net Margin | 8.1% | 7.5% | -18.6% | 0.6pp | 26.7pp |
| EPS (Diluted) | $0.14 | $0.13 | $-0.36 | 15.5% | 140.6% |
| Free Cash Flow | $381M | $368M | $919M | 3.6% | -58.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $859M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $737M |
| Interest Income | $61M |
| Interest Expense | $98M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $681M |
| Income Tax Expense | $191M |
| Net Income from Continuing Ops | $491M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $484M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $484M |
| D&A | $183M |
| EBIT | $776M |
| EBITDA | $959M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $859M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $737M |
| Interest Income | $61M |
| Interest Expense | $98M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $681M |
| Income Tax Expense | $191M |
| Net Income from Continuing Ops | $491M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $484M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $484M |
| D&A | $183M |
| EBIT | $776M |
| EBITDA | $959M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $485M |
| Depreciation & Amortization | $183M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$283M |
| OPERATING CASH FLOW | $442M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $18M |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $288M |
| Other Investing Activities | -$41M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$486M |
| Other Financing Activities | $156M |
| NET CASH FROM FINANCING | -$355M |
| FREE CASH FLOW | $381M |
| Net Change in Cash | -$934M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.6B |
| Short-Term Investments | $730M |
| Net Receivables | $6.9B |
| Inventory | $2.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.1B |
| PP&E (Net) | $1.6B |
| Goodwill | $5.3B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $4.4B |
| Tax Assets | $2.5B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $15.0B |
| TOTAL ASSETS | $29.1B |
| Account Payables | $2.7B |
| Short-Term Debt | $984M |
| Deferred Revenue | $4.8B |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $13.0B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $150M |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $19.9B |
| 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 | -$113M |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $29.1B |
| Total Debt | $4.7B |
| Net Debt | $1.1B |
