| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.2B | $22.0B | $21.7B | 0.9% | 1.9% |
| Op. Income | $1.5B | $1.4B | $1.4B | 6.7% | 8.4% |
| Gross Margin | 21.3% | 20.8% | 20.9% | 0.5pp | 0.5pp |
| Net Margin | 4.1% | 3.4% | 4.0% | 0.7pp | 0.1pp |
| EPS (Diluted) | $3.76 | $3.03 | $3.51 | 24.1% | 7.1% |
| Free Cash Flow | $1.0B | $500M | $231M | 103.0% | 339.4% |
| Item | Amount |
|---|---|
| REVENUE | $22.2B |
| Cost of Revenue | $17.4B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.3B |
| Other Expenses | $0 |
| Operating Expenses | $3.3B |
| Cost & Expenses | $20.7B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$290M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $272M |
| Net Income from Continuing Ops | $909M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $909M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $909M |
| D&A | $1.1B |
| EBIT | $1.3B |
| EBITDA | $2.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $22.2B |
| Cost of Revenue | $17.4B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.3B |
| Other Expenses | $0 |
| Operating Expenses | $3.3B |
| Cost & Expenses | $20.7B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$290M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $272M |
| Net Income from Continuing Ops | $909M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $909M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $909M |
| D&A | $1.1B |
| EBIT | $1.3B |
| EBITDA | $2.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $909M |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $885M |
| Change in Working Capital | -$880M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$997M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$42M |
| Common Stock Repurchased | -$497M |
| Common Dividends Paid | -$332M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$863M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $72M |
| Net Receivables | $10.2B |
| Inventory | $617M |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $17.2B |
| PP&E (Net) | $57.4B |
| Goodwill | $6.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $447M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $67.8B |
| TOTAL ASSETS | $85.0B |
| Account Payables | $3.6B |
| Short-Term Debt | $611M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $13.9B |
| Long-Term Debt | $19.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.3B |
| Other Non-Current Liabilities | $6.2B |
| TOTAL NON-CURRENT LIABILITIES | $44.4B |
| TOTAL LIABILITIES | $58.3B |
| Common Stock | $32M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $39.8B |
| Treasury Stock | -$15.8B |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.7B |
| TOTAL LIABILITIES & EQUITY | $85.0B |
| Total Debt | $37.0B |
| Net Debt | $31.9B |
