| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41.4B | $45.3B | $40.2B | -8.7% | 2.8% |
| Op. Income | $5.4B | $6.6B | $5.4B | -18.3% | -1.2% |
| Gross Margin | 33.4% | 33.4% | 33.4% | 0.0pp | 0.0pp |
| Net Margin | 8.7% | 10.1% | 9.1% | -1.3pp | -0.4pp |
| EPS (Diluted) | $3.62 | $4.58 | $3.67 | -21.0% | -1.4% |
| Free Cash Flow | $3.1B | $3.7B | $3.4B | -16.5% | -8.9% |
| Item | Amount |
|---|---|
| REVENUE | $41.4B |
| Cost of Revenue | $27.5B |
| GROSS PROFIT | $13.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.6B |
| Other Expenses | $826M |
| Operating Expenses | $8.5B |
| Cost & Expenses | $36.0B |
| OPERATING INCOME | $5.4B |
| Interest Income | $49M |
| Interest Expense | $628M |
| Other Income/Expenses | -$596M |
| INCOME BEFORE TAX | $4.8B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $826M |
| EBIT | $5.4B |
| EBITDA | $6.2B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $41.4B |
| Cost of Revenue | $27.5B |
| GROSS PROFIT | $13.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7.6B |
| Other Expenses | $826M |
| Operating Expenses | $8.5B |
| Cost & Expenses | $36.0B |
| OPERATING INCOME | $5.4B |
| Interest Income | $49M |
| Interest Expense | $628M |
| Other Income/Expenses | -$596M |
| INCOME BEFORE TAX | $4.8B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.6B |
| D&A | $826M |
| EBIT | $5.4B |
| EBITDA | $6.2B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $3.6B |
| Depreciation & Amortization | $1.0B |
| Stock-Based Compensation | $120M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $158M |
| Change in Working Capital | -$902M |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$898M |
| Acquisitions (Net) | -$5.0B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $40M |
| NET CASH FROM INVESTING | -$5.9B |
| Net Debt Issuance | $3.0B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.3B |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $746M |
| FREE CASH FLOW | $3.1B |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $6.8B |
| Inventory | $26.2B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $36.1B |
| PP&E (Net) | $36.7B |
| Goodwill | $22.3B |
| Intangible Assets | $10.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $752M |
| TOTAL NON-CURRENT ASSETS | $70.2B |
| TOTAL ASSETS | $106.3B |
| Account Payables | $13.2B |
| Short-Term Debt | $3.2B |
| Deferred Revenue | $6.5B |
| Other Current Liabilities | $7.8B |
| TOTAL CURRENT LIABILITIES | $34.4B |
| Long-Term Debt | $46.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.9B |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $59.8B |
| TOTAL LIABILITIES | $94.2B |
| Common Stock | $90M |
| Additional Paid-In Capital | $14.6B |
| Retained Earnings | $94.3B |
| Treasury Stock | -$96.0B |
| Accum. Other Comp. Income | -$820M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.1B |
| TOTAL LIABILITIES & EQUITY | $106.3B |
| Total Debt | $58.9B |
| Net Debt | $57.3B |
