| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $637M | $425M | $470M | 49.8% | 35.6% |
| Op. Income | $276M | $29M | $78M | 836.4% | 254.4% |
| Gross Margin | 97.2% | 95.0% | 96.2% | 2.2pp | 1.0pp |
| Net Margin | 35.5% | 8.8% | 17.3% | 26.7pp | 18.2pp |
| EPS (Diluted) | $0.77 | $0.12 | $0.25 | 541.7% | 208.0% |
| Free Cash Flow | $95M | $51M | $114M | 87.1% | -16.6% |
| Item | Amount |
|---|---|
| REVENUE | $637M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $620M |
| R&D Expenses | $211M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $132M |
| Other Expenses | $475.0K |
| Operating Expenses | $344M |
| Cost & Expenses | $361M |
| OPERATING INCOME | $276M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $226M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $226M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $226M |
| D&A | $7M |
| EBIT | $276M |
| EBITDA | $284M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $637M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $620M |
| R&D Expenses | $211M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $132M |
| Other Expenses | $475.0K |
| Operating Expenses | $344M |
| Cost & Expenses | $361M |
| OPERATING INCOME | $276M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $293M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $226M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $226M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $226M |
| D&A | $7M |
| EBIT | $276M |
| EBITDA | $284M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $226M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$146M |
| OPERATING CASH FLOW | $120M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$109M |
| Sales/Maturities of Investments | $215M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | $82M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$264M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$262M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $198M |
| Short-Term Investments | $804M |
| Net Receivables | $397M |
| Inventory | $21M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $438M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $432M |
| Tax Assets | $362M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $234M |
| TOTAL CURRENT LIABILITIES | $346M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $110M |
| TOTAL NON-CURRENT LIABILITIES | $308M |
| TOTAL LIABILITIES | $653M |
| Common Stock | $285.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$200M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $198M |
| Net Debt | -$442.0K |
