| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.9B | $13.2B | $13.5B | 5.4% | 3.1% |
| Op. Income | $716M | $654M | $940M | 9.5% | -23.8% |
| Gross Margin | 20.5% | 20.7% | 21.5% | -0.3pp | -1.0pp |
| Net Margin | 5.5% | 3.1% | 4.7% | 2.4pp | 0.7pp |
| EPS (Diluted) | $0.80 | $0.42 | $0.65 | 90.5% | 23.1% |
| Free Cash Flow | $1.4B | -$145M | $1.3B | 1097.2% | 14.6% |
| Item | Amount |
|---|---|
| REVENUE | $13.9B |
| Cost of Revenue | $11.1B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $406M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $277M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $13.2B |
| OPERATING INCOME | $716M |
| Interest Income | $0 |
| Interest Expense | $143M |
| Other Income/Expenses | -$92M |
| INCOME BEFORE TAX | $624M |
| Income Tax Expense | -$139M |
| Net Income from Continuing Ops | $763M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $763M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $763M |
| D&A | $306M |
| EBIT | $767M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.9B |
| Cost of Revenue | $11.1B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $406M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $277M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $13.2B |
| OPERATING INCOME | $716M |
| Interest Income | $0 |
| Interest Expense | $143M |
| Other Income/Expenses | -$92M |
| INCOME BEFORE TAX | $624M |
| Income Tax Expense | -$139M |
| Net Income from Continuing Ops | $763M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $763M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $763M |
| D&A | $306M |
| EBIT | $767M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $763M |
| Depreciation & Amortization | $306M |
| Stock-Based Compensation | $100M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $141M |
| Change in Working Capital | $335M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$215M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | $195M |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | -$1.1B |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$272M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $144M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $0 |
| Net Receivables | $7.7B |
| Inventory | $8.4B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $20.6B |
| PP&E (Net) | $4.1B |
| Goodwill | $8.7B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $14M |
| Tax Assets | $3.4B |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $19.3B |
| TOTAL ASSETS | $39.9B |
| Account Payables | $17.0B |
| Short-Term Debt | $820M |
| Deferred Revenue | $1.5B |
| Other Current Liabilities | $6.7B |
| TOTAL CURRENT LIABILITIES | $27.9B |
| Long-Term Debt | $8.8B |
| Deferred Revenue NC | $1.6B |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $12.9B |
| TOTAL LIABILITIES | $40.8B |
| Common Stock | $9M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$641M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$901M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$901M |
| TOTAL LIABILITIES & EQUITY | $39.9B |
| Total Debt | $10.8B |
| Net Debt | $7.9B |
