| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.0B | $21.6B | $22.2B | 1.8% | -0.9% |
| Op. Income | $1.4B | $1.2B | $1.4B | 14.1% | -3.0% |
| Gross Margin | 20.8% | 20.3% | 20.6% | 0.6pp | 0.2pp |
| Net Margin | 3.4% | 3.7% | 4.1% | -0.3pp | -0.7pp |
| EPS (Diluted) | $3.03 | $3.21 | $3.55 | -5.6% | -14.6% |
| Free Cash Flow | $500M | $420M | $469M | 19.0% | 6.6% |
| Item | Amount |
|---|---|
| REVENUE | $22.0B |
| Cost of Revenue | $17.4B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.2B |
| Other Expenses | $0 |
| Operating Expenses | $3.2B |
| Cost & Expenses | $20.6B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $102M |
| Other Income/Expenses | -$397M |
| INCOME BEFORE TAX | $981M |
| Income Tax Expense | $240M |
| Net Income from Continuing Ops | $741M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $741M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $739M |
| D&A | $1.1B |
| EBIT | $1.1B |
| EBITDA | $2.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $22.0B |
| Cost of Revenue | $17.4B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.2B |
| Other Expenses | $0 |
| Operating Expenses | $3.2B |
| Cost & Expenses | $20.6B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $102M |
| Other Income/Expenses | -$397M |
| INCOME BEFORE TAX | $981M |
| Income Tax Expense | $240M |
| Net Income from Continuing Ops | $741M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $741M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $739M |
| D&A | $1.1B |
| EBIT | $1.1B |
| EBITDA | $2.1B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $741M |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$1.6B |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$818M |
| Acquisitions (Net) | $21M |
| Purchases of Investments | -$46M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$804M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$337M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $500M |
| Net Change in Cash | -$914M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $77M |
| Net Receivables | $10.7B |
| Inventory | $620M |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $17.7B |
| PP&E (Net) | $57.8B |
| Goodwill | $6.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $400M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $67.8B |
| TOTAL ASSETS | $85.5B |
| Account Payables | $3.9B |
| Short-Term Debt | $592M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14.4B |
| Long-Term Debt | $19.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.4B |
| Other Non-Current Liabilities | $6.0B |
| TOTAL NON-CURRENT LIABILITIES | $44.6B |
| TOTAL LIABILITIES | $59.0B |
| Common Stock | $32M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $39.2B |
| Treasury Stock | -$15.4B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.5B |
| TOTAL LIABILITIES & EQUITY | $85.5B |
| Total Debt | $37.3B |
| Net Debt | $32.2B |
