| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.1B | -5.7% | -3.3% |
| Op. Income | $164M | $202M | -$111M | -18.8% | 247.7% |
| Gross Margin | 65.6% | 65.9% | 62.0% | -0.3pp | 3.6pp |
| Net Margin | 12.6% | 16.9% | -11.7% | -4.4pp | 24.3pp |
| EPS (Diluted) | $0.82 | $1.17 | $-0.79 | -29.9% | 203.8% |
| Free Cash Flow | $201M | $335M | $41M | -40.0% | 390.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $358M |
| GROSS PROFIT | $683M |
| R&D Expenses | $252M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $267M |
| Other Expenses | $0 |
| Operating Expenses | $519M |
| Cost & Expenses | $877M |
| OPERATING INCOME | $164M |
| Interest Income | $11M |
| Interest Expense | $25M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $131M |
| D&A | $69M |
| EBIT | $207M |
| EBITDA | $276M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $358M |
| GROSS PROFIT | $683M |
| R&D Expenses | $252M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $267M |
| Other Expenses | $0 |
| Operating Expenses | $519M |
| Cost & Expenses | $877M |
| OPERATING INCOME | $164M |
| Interest Income | $11M |
| Interest Expense | $25M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $182M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $131M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $131M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $131M |
| D&A | $69M |
| EBIT | $207M |
| EBITDA | $276M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $131M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $73M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | -$45M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $240M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$24M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$63M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$195M |
| FREE CASH FLOW | $201M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $124M |
| Net Receivables | $714M |
| Inventory | $537M |
| Other Current Assets | $185M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $1.2B |
| Goodwill | $1.1B |
| Intangible Assets | $278M |
| Long-Term Investments | $251M |
| Tax Assets | $553M |
| Other Non-Current Assets | $122M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $207M |
| Short-Term Debt | $577M |
| Deferred Revenue | $256M |
| Other Current Liabilities | $122M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $73M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $271M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $7.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$4.1B |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $2.6B |
| Net Debt | $1.5B |
