| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $6.0B | $6.5B | 0.7% | -7.3% |
| Op. Income | $821M | $737M | $763M | 11.4% | 7.5% |
| Gross Margin | 48.1% | 48.0% | 46.3% | 0.1pp | 1.8pp |
| Net Margin | 19.8% | 8.1% | 6.2% | 11.7pp | 13.7pp |
| EPS (Diluted) | $0.36 | $0.14 | $0.12 | 148.5% | 200.0% |
| Free Cash Flow | $785M | $381M | $1.4B | 106.0% | -45.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $830M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $821M |
| Interest Income | $71M |
| Interest Expense | $78M |
| Other Income/Expenses | $771M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $388M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $179M |
| EBIT | $1.7B |
| EBITDA | $1.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $830M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $821M |
| Interest Income | $71M |
| Interest Expense | $78M |
| Other Income/Expenses | $771M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $388M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $179M |
| EBIT | $1.7B |
| EBITDA | $1.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $179M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$461M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $839M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $1.0B |
| Purchases of Investments | -$1.0B |
| Sales/Maturities of Investments | $388M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $297M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$115M |
| NET CASH FROM FINANCING | -$133M |
| FREE CASH FLOW | $785M |
| Net Change in Cash | $1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.6B |
| Short-Term Investments | $899M |
| Net Receivables | $6.7B |
| Inventory | $3.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.2B |
| PP&E (Net) | $1.7B |
| Goodwill | $5.2B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $5.0B |
| Tax Assets | $2.3B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $15.2B |
| TOTAL ASSETS | $30.4B |
| Account Payables | $2.7B |
| Short-Term Debt | $722M |
| Deferred Revenue | $4.4B |
| Other Current Liabilities | $4.3B |
| TOTAL CURRENT LIABILITIES | $13.0B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $145M |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $19.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $11.1B |
| TOTAL STOCKHOLDERS' EQUITY | $11.1B |
| Minority Interest | -$18M |
| TOTAL EQUITY | $11.0B |
| TOTAL LIABILITIES & EQUITY | $30.4B |
| Total Debt | $4.7B |
| Net Debt | $134M |
