| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $845M | $1.0B | 29.9% | 8.6% |
| Op. Income | $362M | $221M | $373M | 63.4% | -2.9% |
| Gross Margin | 45.6% | 40.8% | 49.4% | 4.8pp | -3.8pp |
| Net Margin | 31.2% | 24.8% | 34.6% | 6.3pp | -3.4pp |
| EPS (Diluted) | $3.18 | $1.95 | $3.25 | 63.1% | -2.2% |
| Free Cash Flow | -$139M | -$814M | -$172M | 83.0% | 19.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $597M |
| GROSS PROFIT | $500M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $31M |
| Operating Expenses | $138M |
| Cost & Expenses | $736M |
| OPERATING INCOME | $362M |
| Interest Income | $12M |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $125M |
| EBIT | $361M |
| EBITDA | $486M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $597M |
| GROSS PROFIT | $500M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $31M |
| Operating Expenses | $138M |
| Cost & Expenses | $736M |
| OPERATING INCOME | $362M |
| Interest Income | $12M |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $352M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $125M |
| EBIT | $361M |
| EBITDA | $486M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $342M |
| Depreciation & Amortization | $125M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$323M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | -$288M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$541M |
| Sales/Maturities of Investments | $565M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$262M |
| Net Debt Issuance | $447M |
| Common Stock Repurchased | -$15.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$137.0K |
| NET CASH FROM FINANCING | $447M |
| FREE CASH FLOW | -$139M |
| Net Change in Cash | $336M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $29M |
| Net Receivables | $2.3B |
| Inventory | $1.7B |
| Other Current Assets | $94M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $5.9B |
| Goodwill | $31M |
| Intangible Assets | $52M |
| Long-Term Investments | $0 |
| Tax Assets | $205M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $368M |
| Short-Term Debt | $645M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $328M |
| Deferred Revenue NC | $765M |
| Deferred Tax Liabilities | $57M |
| Other Non-Current Liabilities | $232M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $107.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $5.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$161M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.5B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $1.1B |
| Net Debt | -$58M |
