| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.0B | $10.0B | $10.6B | 9.9% | 3.8% |
| Op. Income | $601M | $366M | $593M | 64.2% | 1.3% |
| Gross Margin | 21.2% | 19.0% | 20.1% | 2.1pp | 1.1pp |
| Net Margin | 33.4% | 4.5% | 4.6% | 28.9pp | 28.9pp |
| EPS (Diluted) | $13.28 | $1.64 | $1.73 | 709.8% | 667.6% |
| Free Cash Flow | $1.8B | $733M | $571M | 146.8% | 216.8% |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $366M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | -$2M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $10.4B |
| OPERATING INCOME | $601M |
| Interest Income | $80M |
| Interest Expense | $0 |
| Other Income/Expenses | $504M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | -$2.6B |
| Net Income from Continuing Ops | $3.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $230M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $13 |
| EPS Diluted | $13 |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $8.6B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $366M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | -$2M |
| Operating Expenses | $1.7B |
| Cost & Expenses | $10.4B |
| OPERATING INCOME | $601M |
| Interest Income | $80M |
| Interest Expense | $0 |
| Other Income/Expenses | $504M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | -$2.6B |
| Net Income from Continuing Ops | $3.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.7B |
| D&A | $230M |
| EBIT | $1.1B |
| EBITDA | $1.3B |
| EPS | $13 |
| EPS Diluted | $13 |
| Item | Amount |
|---|---|
| Net Income | $3.7B |
| Depreciation & Amortization | $230M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1.6B |
| Other Non-Cash Items | -$1.6B |
| Change in Working Capital | $1.8B |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$671M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $216M |
| Other Investing Activities | $105M |
| NET CASH FROM INVESTING | -$374M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$68M |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | $903M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.8B |
| Short-Term Investments | $0 |
| Net Receivables | $19.1B |
| Inventory | $10.4B |
| Other Current Assets | $1.8B |
| TOTAL CURRENT ASSETS | $40.2B |
| PP&E (Net) | $6.0B |
| Goodwill | $4.4B |
| Intangible Assets | $727M |
| Long-Term Investments | $1.8B |
| Tax Assets | $5.3B |
| Other Non-Current Assets | $4.5B |
| TOTAL NON-CURRENT ASSETS | $22.8B |
| TOTAL ASSETS | $63.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $25.8B |
| Other Current Liabilities | $15.2B |
| TOTAL CURRENT LIABILITIES | $41.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $8.6B |
| TOTAL NON-CURRENT LIABILITIES | $9.7B |
| TOTAL LIABILITIES | $50.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $9.8B |
| Retained Earnings | $6.2B |
| Treasury Stock | -$3.4B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.2B |
| Minority Interest | $1.1B |
| TOTAL EQUITY | $12.3B |
| TOTAL LIABILITIES & EQUITY | $63.0B |
| Total Debt | $0 |
| Net Debt | -$8.8B |
