| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.4B | 8.5% | 10.6% |
| Op. Income | $431M | $395M | $365M | 9.1% | 18.2% |
| Gross Margin | 77.6% | 78.7% | 78.5% | -1.0pp | -0.9pp |
| Net Margin | 21.5% | 25.3% | 26.2% | -3.8pp | -4.7pp |
| EPS (Diluted) | $0.56 | $0.61 | $0.61 | -8.2% | -8.2% |
| Free Cash Flow | $241M | $224M | $286M | 7.4% | -15.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $343M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $276M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $502M |
| Other Expenses | -$20M |
| Operating Expenses | $759M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $431M |
| Interest Income | $37M |
| Interest Expense | $0 |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $400M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $336M |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | $330M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $330M |
| D&A | $38M |
| EBIT | $362M |
| EBITDA | $400M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $343M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $276M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $502M |
| Other Expenses | -$20M |
| Operating Expenses | $759M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $431M |
| Interest Income | $37M |
| Interest Expense | $0 |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $400M |
| Income Tax Expense | $64M |
| Net Income from Continuing Ops | $336M |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | $330M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $330M |
| D&A | $38M |
| EBIT | $362M |
| EBITDA | $400M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $332M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$142M |
| OPERATING CASH FLOW | $290M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$630M |
| Sales/Maturities of Investments | $594M |
| Other Investing Activities | -$90M |
| NET CASH FROM INVESTING | -$172M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $53M |
| FREE CASH FLOW | $241M |
| Net Change in Cash | $141M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $789M |
| Net Receivables | $903M |
| Inventory | $1.1B |
| Other Current Assets | $361M |
| TOTAL CURRENT ASSETS | $6.6B |
| PP&E (Net) | $1.8B |
| Goodwill | $1.8B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $299M |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $756M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $13.5B |
| Account Payables | $162M |
| Short-Term Debt | $0 |
| Deferred Revenue | $37M |
| Other Current Liabilities | $547M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $598M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $801M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $658M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $13.9B |
| Treasury Stock | -$6.5B |
| Accum. Other Comp. Income | -$264M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.5B |
| Minority Interest | $61M |
| TOTAL EQUITY | $10.6B |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $703M |
| Net Debt | -$2.6B |
