| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.5B | $3.7B | 7.6% | 0.1% |
| Op. Income | $292M | $260M | $293M | 12.3% | -0.3% |
| Gross Margin | 41.2% | 41.8% | 42.6% | -0.6pp | -1.3pp |
| Net Margin | 5.8% | 5.6% | 5.5% | 0.2pp | 0.3pp |
| EPS (Diluted) | $0.57 | $0.51 | $0.54 | 11.8% | 5.6% |
| Free Cash Flow | $350M | -$223M | $460M | 257.0% | -23.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.2B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $292M |
| Interest Income | $27M |
| Interest Expense | $23M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $122M |
| EBIT | $319M |
| EBITDA | $441M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.2B |
| Operating Expenses | $1.2B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $292M |
| Interest Income | $27M |
| Interest Expense | $23M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $296M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $216M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $216M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $216M |
| D&A | $122M |
| EBIT | $319M |
| EBITDA | $441M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $216M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $54M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $448M |
| Capital Expenditure | -$98M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $74M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$91M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$82M |
| Common Dividends Paid | -$62M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$139M |
| FREE CASH FLOW | $350M |
| Net Change in Cash | $218M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $238M |
| Net Receivables | $0 |
| Inventory | $2.3B |
| Other Current Assets | $651M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $5.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $866M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $12.1B |
| Account Payables | $1.7B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $555M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $19M |
| Additional Paid-In Capital | $48M |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $12.1B |
| Total Debt | $5.6B |
| Net Debt | $3.4B |
