| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.2B | $2.3B | 13.5% | 9.0% |
| Op. Income | $403M | $259M | $308M | 55.9% | 30.9% |
| Gross Margin | 23.4% | 20.8% | 21.5% | 2.6pp | 1.9pp |
| Net Margin | 10.6% | 6.4% | 8.0% | 4.3pp | 2.6pp |
| EPS (Diluted) | $0.64 | $0.33 | $0.42 | 93.9% | 52.4% |
| Free Cash Flow | $261M | $380M | $180M | -31.4% | 44.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $593M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $176M |
| Other Expenses | $0 |
| Operating Expenses | $190M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $403M |
| Interest Income | $8M |
| Interest Expense | $22M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $375M |
| Income Tax Expense | $107M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $270M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $115M |
| EBIT | $403M |
| EBITDA | $518M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $593M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $176M |
| Other Expenses | $0 |
| Operating Expenses | $190M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $403M |
| Interest Income | $8M |
| Interest Expense | $22M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $375M |
| Income Tax Expense | $107M |
| Net Income from Continuing Ops | $268M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $270M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $115M |
| EBIT | $403M |
| EBITDA | $518M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $270M |
| Depreciation & Amortization | $115M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | $344M |
| Capital Expenditure | -$84M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$230M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$515M |
| FREE CASH FLOW | $261M |
| Net Change in Cash | -$237M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $950M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $1.3B |
| Other Current Assets | $437M |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $3.1B |
| Goodwill | $0 |
| Intangible Assets | $494M |
| Long-Term Investments | $310M |
| Tax Assets | $244M |
| Other Non-Current Assets | $285M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $10.1B |
| Account Payables | $1.3B |
| Short-Term Debt | $446M |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $830M |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $425M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $78M |
| Other Non-Current Liabilities | $462M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $411M |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | -$4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $45M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $10.1B |
| Total Debt | $1.6B |
| Net Debt | $651M |
