| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.6B | $7.8B | $7.2B | -2.8% | 5.7% |
| Op. Income | $255M | $470M | $482M | -45.7% | -47.1% |
| Gross Margin | 27.6% | 28.3% | 31.8% | -0.8pp | -4.3pp |
| Net Margin | -13.8% | 8.0% | 4.4% | -21.9pp | -18.2pp |
| EPS (Diluted) | $-0.82 | $0.42 | $0.24 | -295.2% | -441.7% |
| Free Cash Flow | -$1.0B | -$918M | $533M | -9.8% | -289.1% |
| Item | Amount |
|---|---|
| REVENUE | $7.6B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $540M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $255M |
| Interest Income | $450M |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | -$1.0B |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1.1B |
| D&A | $574M |
| EBIT | -$1.0B |
| EBITDA | -$471M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$1.1B |
| Depreciation & Amortization | $574M |
| Stock-Based Compensation | $116M |
| Deferred Income Tax | -$41M |
| Other Non-Cash Items | $1.6B |
| Change in Working Capital | -$1.7B |
| OPERATING CASH FLOW | -$461M |
| Capital Expenditure | -$547M |
| Acquisitions (Net) | $80M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | -$561M |
| NET CASH FROM INVESTING | -$989M |
| Net Debt Issuance | -$443M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | -$171M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$695M |
| FREE CASH FLOW | -$1.0B |
| Net Change in Cash | -$2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.7B |
| Short-Term Investments | $0 |
| Net Receivables | $7.8B |
| Inventory | $8.1B |
| Other Current Assets | $4.0B |
| TOTAL CURRENT ASSETS | $31.6B |
| PP&E (Net) | $5.4B |
| Goodwill | $16.7B |
| Intangible Assets | $512M |
| Long-Term Investments | $965M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.7B |
| TOTAL NON-CURRENT ASSETS | $36.3B |
| TOTAL ASSETS | $67.9B |
| Account Payables | $9.3B |
| Short-Term Debt | $5.2B |
| Deferred Revenue | $4.2B |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $24.5B |
| Long-Term Debt | $12.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $19.4B |
| TOTAL LIABILITIES | $43.9B |
| Common Stock | $13M |
| Additional Paid-In Capital | $29.8B |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.9B |
| Minority Interest | $60M |
| TOTAL EQUITY | $23.9B |
| TOTAL LIABILITIES & EQUITY | $67.9B |
| Total Debt | $17.5B |
| Net Debt | $5.9B |
