| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.7B | $2.8B | -3.9% | -6.6% |
| Op. Income | $165M | $226M | $127M | -27.0% | 29.9% |
| Gross Margin | 29.2% | 36.5% | 35.4% | -7.3pp | -6.2pp |
| Net Margin | 0.7% | 1.5% | -1.7% | -0.8pp | 2.4pp |
| EPS (Diluted) | $0.07 | $0.16 | $-0.18 | -56.3% | 138.9% |
| Free Cash Flow | $132M | $30M | $208M | 340.0% | -36.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $756M |
| R&D Expenses | $174M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $417M |
| Other Expenses | $0 |
| Operating Expenses | $591M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $165M |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$143M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $237M |
| EBIT | $71M |
| EBITDA | $308M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $756M |
| R&D Expenses | $174M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $417M |
| Other Expenses | $0 |
| Operating Expenses | $591M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $165M |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$143M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $237M |
| EBIT | $71M |
| EBITDA | $308M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $237M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$57M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $106M |
| OPERATING CASH FLOW | $318M |
| Capital Expenditure | -$186M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $31M |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | -$56M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$103M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$200M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $590M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $2.4B |
| Other Current Assets | $257M |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $4.6B |
| Goodwill | $8.3B |
| Intangible Assets | $6.0B |
| Long-Term Investments | $15M |
| Tax Assets | $285M |
| Other Non-Current Assets | $693M |
| TOTAL NON-CURRENT ASSETS | $19.9B |
| TOTAL ASSETS | $25.5B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $749M |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $748M |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $11.4B |
| Common Stock | $35M |
| Additional Paid-In Capital | $19.9B |
| Retained Earnings | -$3.4B |
| Treasury Stock | -$952M |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.2B |
| Minority Interest | $32M |
| TOTAL EQUITY | $14.2B |
| TOTAL LIABILITIES & EQUITY | $25.5B |
| Total Debt | $6.7B |
| Net Debt | $6.1B |
