| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45.3B | $39.9B | $43.2B | 13.6% | 4.9% |
| Op. Income | $6.6B | $5.1B | $6.5B | 27.7% | 0.3% |
| Gross Margin | 33.4% | 33.8% | 33.4% | -0.4pp | 0.0pp |
| Net Margin | 10.1% | 8.6% | 10.6% | 1.4pp | -0.5pp |
| EPS (Diluted) | $4.58 | $3.45 | $4.60 | 32.8% | -0.4% |
| Free Cash Flow | $3.7B | $3.5B | $4.7B | 5.9% | -20.6% |
| Item | Amount |
|---|---|
| REVENUE | $45.3B |
| Cost of Revenue | $30.2B |
| GROSS PROFIT | $15.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.8B |
| Other Expenses | $806M |
| Operating Expenses | $8.6B |
| Cost & Expenses | $38.7B |
| OPERATING INCOME | $6.6B |
| Interest Income | $25M |
| Interest Expense | $575M |
| Other Income/Expenses | -$550M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $4.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.6B |
| D&A | $608M |
| EBIT | $6.6B |
| EBITDA | $7.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $45.3B |
| Cost of Revenue | $30.2B |
| GROSS PROFIT | $15.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.8B |
| Other Expenses | $806M |
| Operating Expenses | $8.6B |
| Cost & Expenses | $38.7B |
| OPERATING INCOME | $6.6B |
| Interest Income | $25M |
| Interest Expense | $575M |
| Other Income/Expenses | -$550M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $4.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.6B |
| D&A | $608M |
| EBIT | $6.6B |
| EBITDA | $7.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $4.6B |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $118M |
| Deferred Income Tax | $490M |
| Other Non-Cash Items | -$1.8B |
| Change in Working Capital | $247M |
| OPERATING CASH FLOW | $4.6B |
| Capital Expenditure | -$917M |
| Acquisitions (Net) | -$77M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $33M |
| NET CASH FROM INVESTING | -$961M |
| Net Debt Issuance | -$84M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.3B |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $3.7B |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $0 |
| Net Receivables | $5.9B |
| Inventory | $24.8B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $35.4B |
| PP&E (Net) | $35.6B |
| Goodwill | $19.6B |
| Intangible Assets | $8.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $711M |
| TOTAL NON-CURRENT ASSETS | $64.7B |
| TOTAL ASSETS | $100.0B |
| Account Payables | $13.1B |
| Short-Term Debt | $6.4B |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $30.8B |
| Long-Term Debt | $45.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $2.5B |
| TOTAL NON-CURRENT LIABILITIES | $58.5B |
| TOTAL LIABILITIES | $89.4B |
| Common Stock | $90M |
| Additional Paid-In Capital | $14.4B |
| Retained Earnings | $92.9B |
| Treasury Stock | -$96.0B |
| Accum. Other Comp. Income | -$835M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.7B |
| TOTAL LIABILITIES & EQUITY | $100.0B |
| Total Debt | $61.3B |
| Net Debt | $58.5B |
