| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.6B | 6.5% | 3.4% |
| Op. Income | $196M | $151M | $155M | 29.8% | 26.5% |
| Gross Margin | 24.2% | 22.4% | 24.2% | 1.8pp | -0.0pp |
| Net Margin | 13.5% | 13.2% | 9.5% | 0.3pp | 4.0pp |
| EPS (Diluted) | $0.41 | $0.38 | $0.28 | 7.9% | 46.4% |
| Free Cash Flow | $272M | $165M | $301M | 64.8% | -9.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $408M |
| R&D Expenses | $134M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $78M |
| Operating Expenses | $212M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $196M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $228M |
| D&A | $323M |
| EBIT | $196M |
| EBITDA | $519M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $408M |
| R&D Expenses | $134M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $78M |
| Operating Expenses | $212M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $196M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $221M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | $228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $228M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $228M |
| D&A | $323M |
| EBIT | $196M |
| EBITDA | $519M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $228M |
| Depreciation & Amortization | $335M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | -$28M |
| Change in Working Capital | -$136M |
| OPERATING CASH FLOW | $431M |
| Capital Expenditure | -$159M |
| Acquisitions (Net) | $43M |
| Purchases of Investments | -$388M |
| Sales/Maturities of Investments | $365M |
| Other Investing Activities | -$68M |
| NET CASH FROM INVESTING | -$207M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $272M |
| Net Change in Cash | $194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.3B |
| Net Receivables | $945M |
| Inventory | $1.7B |
| Other Current Assets | $590M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $8.0B |
| Goodwill | $0 |
| Intangible Assets | $722M |
| Long-Term Investments | $823M |
| Tax Assets | $0 |
| Other Non-Current Assets | $902M |
| TOTAL NON-CURRENT ASSETS | $10.4B |
| TOTAL ASSETS | $16.8B |
| Account Payables | $389M |
| Short-Term Debt | $60M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $886M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $488M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $11M |
| Additional Paid-In Capital | $24.1B |
| Retained Earnings | -$12.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $136M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.4B |
| Minority Interest | $53M |
| TOTAL EQUITY | $11.5B |
| TOTAL LIABILITIES & EQUITY | $16.8B |
| Total Debt | $1.7B |
| Net Debt | -$106M |
