| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31.2B | $29.0B | $26.7B | 7.8% | 17.1% |
| Op. Income | $1.9B | $2.5B | $1.4B | -23.4% | 30.7% |
| Gross Margin | 21.9% | 21.6% | 19.1% | 0.3pp | 2.8pp |
| Net Margin | 5.1% | 7.9% | 4.4% | -2.8pp | 0.6pp |
| EPS (Diluted) | $0.97 | $1.37 | $0.69 | -29.5% | 39.4% |
| Free Cash Flow | $352M | $531M | $3.3B | -33.6% | -89.4% |
| Item | Amount |
|---|---|
| REVENUE | $31.2B |
| Cost of Revenue | $24.4B |
| GROSS PROFIT | $6.8B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.6B |
| Other Expenses | $0 |
| Operating Expenses | $4.9B |
| Cost & Expenses | $29.3B |
| OPERATING INCOME | $1.9B |
| Interest Income | $282M |
| Interest Expense | $68M |
| Other Income/Expenses | $390M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $585M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $1.2B |
| EBIT | $2.4B |
| EBITDA | $3.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $31.2B |
| Cost of Revenue | $24.4B |
| GROSS PROFIT | $6.8B |
| R&D Expenses | $1.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.6B |
| Other Expenses | $0 |
| Operating Expenses | $4.9B |
| Cost & Expenses | $29.3B |
| OPERATING INCOME | $1.9B |
| Interest Income | $282M |
| Interest Expense | $68M |
| Other Income/Expenses | $390M |
| INCOME BEFORE TAX | $2.3B |
| Income Tax Expense | $585M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $1.2B |
| EBIT | $2.4B |
| EBITDA | $3.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1.2B |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$799M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$337M |
| Sales/Maturities of Investments | $112M |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $2.3B |
| Common Stock Repurchased | -$536M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$154M |
| NET CASH FROM FINANCING | $1.6B |
| FREE CASH FLOW | $352M |
| Net Change in Cash | $2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27.8B |
| Short-Term Investments | $1.1B |
| Net Receivables | $6.8B |
| Inventory | $14.8B |
| Other Current Assets | $16.6B |
| TOTAL CURRENT ASSETS | $67.0B |
| PP&E (Net) | $20.2B |
| Goodwill | $0 |
| Intangible Assets | $5.8B |
| Long-Term Investments | $12.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $67.6B |
| TOTAL NON-CURRENT ASSETS | $106.4B |
| TOTAL ASSETS | $173.4B |
| Account Payables | $9.0B |
| Short-Term Debt | $23.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.0B |
| TOTAL CURRENT LIABILITIES | $46.3B |
| Long-Term Debt | $32.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.8B |
| TOTAL NON-CURRENT LIABILITIES | $47.7B |
| TOTAL LIABILITIES | $94.0B |
| Common Stock | $539M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $65.8B |
| Treasury Stock | -$3.9B |
| Accum. Other Comp. Income | $13.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77.5B |
| Minority Interest | $2.0B |
| TOTAL EQUITY | $79.4B |
| TOTAL LIABILITIES & EQUITY | $173.4B |
| Total Debt | $58.4B |
| Net Debt | $30.6B |
