| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.2B | $22.2B | $22.1B | 0.3% | 0.5% |
| Op. Income | $2.0B | $1.5B | $2.0B | 35.1% | 0.0% |
| Gross Margin | 23.9% | 21.3% | 23.2% | 2.5pp | 0.7pp |
| Net Margin | 7.4% | 4.1% | 6.7% | 3.3pp | 0.7pp |
| EPS (Diluted) | $6.88 | $3.76 | $5.94 | 83.0% | 15.8% |
| Free Cash Flow | $1.0B | $1.0B | $1.5B | 3.1% | -30.1% |
| Item | Amount |
|---|---|
| REVENUE | $22.2B |
| Cost of Revenue | $16.9B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.3B |
| Other Expenses | $0 |
| Operating Expenses | $3.3B |
| Cost & Expenses | $20.2B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $124M |
| Other Income/Expenses | $236M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $575M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $1.1B |
| EBIT | $2.3B |
| EBITDA | $3.4B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $22.2B |
| Cost of Revenue | $16.9B |
| GROSS PROFIT | $5.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.3B |
| Other Expenses | $0 |
| Operating Expenses | $3.3B |
| Cost & Expenses | $20.2B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $124M |
| Other Income/Expenses | $236M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $575M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $1.1B |
| EBIT | $2.3B |
| EBITDA | $3.4B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $377M |
| Change in Working Capital | -$601M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | $73M |
| Purchases of Investments | -$65M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | -$68M |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$331M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$847M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | $367M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.5B |
| Short-Term Investments | $70M |
| Net Receivables | $11.4B |
| Inventory | $602M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $18.4B |
| PP&E (Net) | $58.1B |
| Goodwill | $6.6B |
| Intangible Assets | $0 |
| Long-Term Investments | $506M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $69.2B |
| TOTAL ASSETS | $87.6B |
| Account Payables | $3.7B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $15.4B |
| Long-Term Debt | $19.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.2B |
| Other Non-Current Liabilities | $6.5B |
| TOTAL NON-CURRENT LIABILITIES | $44.1B |
| TOTAL LIABILITIES | $59.6B |
| Common Stock | $32M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $41.4B |
| Treasury Stock | -$16.3B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $28.1B |
| TOTAL LIABILITIES & EQUITY | $87.6B |
| Total Debt | $37.4B |
| Net Debt | $31.9B |
