| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $113.9B | $102.3B | $96.5B | 11.3% | 18.1% |
| Op. Income | $36.0B | $31.2B | $31.0B | 15.3% | 16.2% |
| Gross Margin | 59.8% | 59.6% | 57.9% | 0.2pp | 1.9pp |
| Net Margin | 30.3% | 34.2% | 27.5% | -3.9pp | 2.7pp |
| EPS (Diluted) | $2.82 | $2.87 | $2.15 | -1.7% | 31.2% |
| Free Cash Flow | $24.6B | $24.5B | $24.8B | 0.4% | -1.2% |
| Item | Amount |
|---|---|
| REVENUE | $113.9B |
| Cost of Revenue | $45.8B |
| GROSS PROFIT | $68.1B |
| R&D Expenses | $18.6B |
| Selling & Marketing | $8.2B |
| General & Administrative | $5.3B |
| SG&A Expenses | $13.6B |
| Other Expenses | $0 |
| Operating Expenses | $32.1B |
| Cost & Expenses | $77.9B |
| OPERATING INCOME | $36.0B |
| Interest Income | -$3.1B |
| Interest Expense | -$438M |
| Other Income/Expenses | $3.1B |
| INCOME BEFORE TAX | $39.1B |
| Income Tax Expense | $4.7B |
| Net Income from Continuing Ops | $34.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34.5B |
| D&A | $6.0B |
| EBIT | $39.4B |
| EBITDA | $45.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $113.9B |
| Cost of Revenue | $45.8B |
| GROSS PROFIT | $68.1B |
| R&D Expenses | $18.6B |
| Selling & Marketing | $8.2B |
| General & Administrative | $5.3B |
| SG&A Expenses | $13.6B |
| Other Expenses | $0 |
| Operating Expenses | $32.1B |
| Cost & Expenses | $77.9B |
| OPERATING INCOME | $36.0B |
| Interest Income | -$3.1B |
| Interest Expense | -$438M |
| Other Income/Expenses | $3.1B |
| INCOME BEFORE TAX | $39.1B |
| Income Tax Expense | $4.7B |
| Net Income from Continuing Ops | $34.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34.5B |
| D&A | $6.0B |
| EBIT | $39.4B |
| EBITDA | $45.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $34.5B |
| Depreciation & Amortization | $6.0B |
| Stock-Based Compensation | $7.1B |
| Deferred Income Tax | $1.2B |
| Other Non-Cash Items | -$18.0B |
| Change in Working Capital | $21.7B |
| OPERATING CASH FLOW | $52.4B |
| Capital Expenditure | -$27.9B |
| Acquisitions (Net) | -$167M |
| Purchases of Investments | -$45.3B |
| Sales/Maturities of Investments | $22.1B |
| Other Investing Activities | -$525M |
| NET CASH FROM INVESTING | -$51.8B |
| Net Debt Issuance | $20.2B |
| Common Stock Repurchased | -$5.5B |
| Common Dividends Paid | -$2.5B |
| Other Financing Activities | -$5.2B |
| NET CASH FROM FINANCING | $7.0B |
| FREE CASH FLOW | $24.6B |
| Net Change in Cash | $7.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30.7B |
| Short-Term Investments | $96.1B |
| Net Receivables | $62.9B |
| Inventory | $0 |
| Other Current Assets | $16.3B |
| TOTAL CURRENT ASSETS | $206.0B |
| PP&E (Net) | $261.8B |
| Goodwill | $33.4B |
| Intangible Assets | $0 |
| Long-Term Investments | $68.7B |
| Tax Assets | $9.1B |
| Other Non-Current Assets | $16.2B |
| TOTAL NON-CURRENT ASSETS | $389.2B |
| TOTAL ASSETS | $595.3B |
| Account Payables | $12.2B |
| Short-Term Debt | $0 |
| Deferred Revenue | $6.6B |
| Other Current Liabilities | $17.5B |
| TOTAL CURRENT LIABILITIES | $102.7B |
| Long-Term Debt | $46.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18.0B |
| TOTAL NON-CURRENT LIABILITIES | $77.3B |
| TOTAL LIABILITIES | $180.0B |
| Common Stock | $93.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $324.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $415.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $415.3B |
| TOTAL LIABILITIES & EQUITY | $595.3B |
| Total Debt | $59.3B |
| Net Debt | $28.6B |
