| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $5.7B | $5.9B | 3.8% | -0.3% |
| Op. Income | $694M | $557M | $303M | 24.7% | 129.0% |
| Gross Margin | 27.4% | 25.4% | 25.0% | 2.0pp | 2.4pp |
| Net Margin | 6.4% | 5.6% | 1.3% | 0.8pp | 5.1pp |
| EPS (Diluted) | $0.67 | $0.55 | $0.07 | 21.3% | 850.0% |
| Free Cash Flow | $660M | $642M | $691M | 2.7% | -4.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $185M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $918M |
| Other Expenses | -$173M |
| Operating Expenses | $929M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $694M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$99M |
| INCOME BEFORE TAX | $595M |
| Income Tax Expense | $124M |
| Net Income from Continuing Ops | $471M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $411M |
| EBIT | $595M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $185M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $918M |
| Other Expenses | -$173M |
| Operating Expenses | $929M |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $694M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$99M |
| INCOME BEFORE TAX | $595M |
| Income Tax Expense | $124M |
| Net Income from Continuing Ops | $471M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $411M |
| EBIT | $595M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $382M |
| Depreciation & Amortization | $432M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $153M |
| Change in Working Capital | $172M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$480M |
| Acquisitions (Net) | $64M |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$463M |
| Net Debt Issuance | $496M |
| Common Stock Repurchased | -$490M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$256M |
| NET CASH FROM FINANCING | -$252M |
| FREE CASH FLOW | $660M |
| Net Change in Cash | $400M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $3.7B |
| Inventory | $2.5B |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $9.2B |
| PP&E (Net) | $3.5B |
| Goodwill | $0 |
| Intangible Assets | $17.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $27.0B |
| TOTAL ASSETS | $36.2B |
| Account Payables | $863M |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.9B |
| TOTAL CURRENT LIABILITIES | $7.3B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $12.2B |
| TOTAL LIABILITIES | $19.5B |
| Common Stock | $16.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.7B |
| TOTAL LIABILITIES & EQUITY | $36.2B |
| Total Debt | $12.6B |
| Net Debt | $10.8B |
