| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.7B | $1.8B | 8.4% | 0.0% |
| Op. Income | $255M | $195M | -$701M | 30.8% | 136.4% |
| Gross Margin | 28.9% | 24.8% | 24.5% | 4.0pp | 4.3pp |
| Net Margin | 10.9% | 14.7% | -39.9% | -3.8pp | 50.8pp |
| EPS (Diluted) | $0.36 | $0.44 | $-1.32 | -18.2% | 127.3% |
| Free Cash Flow | $166M | $406M | $322M | -59.1% | -48.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $528M |
| R&D Expenses | $133M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $107M |
| Other Expenses | $33M |
| Operating Expenses | $273M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $255M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $274M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $350M |
| EBIT | $274M |
| EBITDA | $624M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $528M |
| R&D Expenses | $133M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $107M |
| Other Expenses | $33M |
| Operating Expenses | $273M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $255M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $274M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $199M |
| D&A | $350M |
| EBIT | $274M |
| EBITDA | $624M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $199M |
| Depreciation & Amortization | $313M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $406M |
| Change in Working Capital | -$602M |
| OPERATING CASH FLOW | $374M |
| Capital Expenditure | -$208M |
| Acquisitions (Net) | -$451M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $132M |
| NET CASH FROM INVESTING | -$527M |
| Net Debt Issuance | -$32M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | $166M |
| Net Change in Cash | -$207M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.2B |
| Net Receivables | $1.6B |
| Inventory | $1.6B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $7.8B |
| Goodwill | $0 |
| Intangible Assets | $1.4B |
| Long-Term Investments | $939M |
| Tax Assets | $0 |
| Other Non-Current Assets | $837M |
| TOTAL NON-CURRENT ASSETS | $10.9B |
| TOTAL ASSETS | $17.1B |
| Account Payables | $0 |
| Short-Term Debt | $86M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $24.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$12.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $78M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.9B |
| Minority Interest | $55M |
| TOTAL EQUITY | $12.0B |
| TOTAL LIABILITIES & EQUITY | $17.1B |
| Total Debt | $1.6B |
| Net Debt | -$171M |
