| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.2B | $7.6B | $7.7B | 21.3% | 19.9% |
| Op. Income | $494M | $255M | $566M | 93.7% | -12.7% |
| Gross Margin | 28.4% | 27.6% | 30.5% | 0.8pp | -2.1pp |
| Net Margin | 3.3% | -13.8% | 6.7% | 17.2pp | -3.4pp |
| EPS (Diluted) | $0.19 | $-0.82 | $0.38 | 123.2% | -50.0% |
| Free Cash Flow | $2.4B | -$1.0B | $611M | 336.1% | 289.5% |
| Item | Amount |
|---|---|
| REVENUE | $9.2B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $622M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $494M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$206M |
| INCOME BEFORE TAX | $288M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | $305M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $305M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $687M |
| EBIT | $290M |
| EBITDA | $977M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $9.2B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $622M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $8.7B |
| OPERATING INCOME | $494M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$206M |
| INCOME BEFORE TAX | $288M |
| Income Tax Expense | -$17M |
| Net Income from Continuing Ops | $305M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $305M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $276M |
| D&A | $687M |
| EBIT | $290M |
| EBITDA | $977M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $305M |
| Depreciation & Amortization | $687M |
| Stock-Based Compensation | $177M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | $233M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | $1.1B |
| Acquisitions (Net) | -$12.6B |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | -$1.2B |
| NET CASH FROM INVESTING | -$12.6B |
| Net Debt Issuance | $4.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$171M |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | $4.2B |
| FREE CASH FLOW | $2.4B |
| Net Change in Cash | -$7.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.6B |
| Short-Term Investments | $0 |
| Net Receivables | $5.7B |
| Inventory | $7.2B |
| Other Current Assets | $8.6B |
| TOTAL CURRENT ASSETS | $26.0B |
| PP&E (Net) | $6.1B |
| Goodwill | $23.8B |
| Intangible Assets | $6.6B |
| Long-Term Investments | $999M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.8B |
| TOTAL NON-CURRENT ASSETS | $51.3B |
| TOTAL ASSETS | $77.3B |
| Account Payables | $8.7B |
| Short-Term Debt | $6.8B |
| Deferred Revenue | $5.3B |
| Other Current Liabilities | $6.3B |
| TOTAL CURRENT LIABILITIES | $27.3B |
| Long-Term Debt | $16.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.7B |
| TOTAL NON-CURRENT LIABILITIES | $25.6B |
| TOTAL LIABILITIES | $52.9B |
| Common Stock | $13M |
| Additional Paid-In Capital | $30.2B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.4B |
| Minority Interest | $65M |
| TOTAL EQUITY | $24.5B |
| TOTAL LIABILITIES & EQUITY | $77.3B |
| Total Debt | $23.7B |
| Net Debt | $19.1B |
