| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $845M | $1.5B | $794M | -44.2% | 6.4% |
| Op. Income | $221M | $457M | $243M | -51.6% | -9.0% |
| Gross Margin | 40.8% | 37.5% | 43.6% | 3.3pp | -2.8pp |
| Net Margin | 24.8% | 26.0% | 29.8% | -1.2pp | -5.0pp |
| EPS (Diluted) | $1.95 | $3.65 | $2.20 | -46.6% | -11.4% |
| Free Cash Flow | -$814M | $497M | -$146M | -263.6% | -458.5% |
| Item | Amount |
|---|---|
| REVENUE | $845M |
| Cost of Revenue | $500M |
| GROSS PROFIT | $344M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $18M |
| Operating Expenses | $123M |
| Cost & Expenses | $623M |
| OPERATING INCOME | $221M |
| Interest Income | $19M |
| Interest Expense | $10M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $210M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $126M |
| EBIT | $227M |
| EBITDA | $352M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $845M |
| Cost of Revenue | $500M |
| GROSS PROFIT | $344M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $18M |
| Operating Expenses | $123M |
| Cost & Expenses | $623M |
| OPERATING INCOME | $221M |
| Interest Income | $19M |
| Interest Expense | $10M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $210M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $126M |
| EBIT | $227M |
| EBITDA | $352M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $210M |
| Depreciation & Amortization | $126M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$959M |
| OPERATING CASH FLOW | -$608M |
| Capital Expenditure | -$206M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$390M |
| Sales/Maturities of Investments | $503M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | -$84M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$129.0K |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | -$814M |
| Net Change in Cash | -$794M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $838M |
| Short-Term Investments | $53M |
| Net Receivables | $2.0B |
| Inventory | $1.6B |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $5.8B |
| Goodwill | $30M |
| Intangible Assets | $53M |
| Long-Term Investments | $0 |
| Tax Assets | $204M |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $428M |
| Short-Term Debt | $197M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $328M |
| Deferred Revenue NC | $859M |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $223M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $107.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$171M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $630M |
| Net Debt | -$207M |
