| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.5B | $1.5B | 18.2% | 20.4% |
| Op. Income | $472M | $333M | $342M | 41.9% | 38.1% |
| Gross Margin | 58.8% | 57.6% | 57.3% | 1.2pp | 1.5pp |
| Net Margin | 22.1% | 21.7% | 20.0% | 0.4pp | 2.1pp |
| EPS (Diluted) | $2.07 | $1.72 | $1.56 | 20.3% | 32.7% |
| Free Cash Flow | $127M | $381M | $218M | -66.5% | -41.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $748M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $277M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $318M |
| Other Expenses | $0 |
| Operating Expenses | $595M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $472M |
| Interest Income | $32M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $480M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $401M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $401M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $47M |
| EBIT | $472M |
| EBITDA | $519M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $748M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $277M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $318M |
| Other Expenses | $0 |
| Operating Expenses | $595M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $472M |
| Interest Income | $32M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $480M |
| Income Tax Expense | $79M |
| Net Income from Continuing Ops | $401M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $401M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $47M |
| EBIT | $472M |
| EBITDA | $519M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $401M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | -$38M |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$304M |
| OPERATING CASH FLOW | $173M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$286M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $218M |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$67M |
| Common Dividends Paid | -$173M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$211M |
| FREE CASH FLOW | $127M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $515M |
| Net Receivables | $1.0B |
| Inventory | $1.8B |
| Other Current Assets | $434M |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $1.5B |
| Goodwill | $641M |
| Intangible Assets | $147M |
| Long-Term Investments | $1.3B |
| Tax Assets | $853M |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $10.3B |
| Account Payables | $397M |
| Short-Term Debt | $0 |
| Deferred Revenue | $108M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $89M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $267M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $19M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $6.0B |
| Treasury Stock | -$356M |
| Accum. Other Comp. Income | $105M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.1B |
| TOTAL LIABILITIES & EQUITY | $10.3B |
| Total Debt | $149M |
| Net Debt | -$1.9B |
