| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.1B | 7.0% | 5.0% |
| Op. Income | $256M | $231M | $202M | 10.8% | 26.7% |
| Gross Margin | 67.0% | 67.6% | 65.9% | -0.5pp | 1.1pp |
| Net Margin | 28.8% | 13.9% | 16.9% | 15.0pp | 11.9pp |
| EPS (Diluted) | $2.16 | $0.97 | $1.17 | 122.7% | 84.6% |
| Free Cash Flow | $267M | $260M | $335M | 2.7% | -20.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $382M |
| GROSS PROFIT | $777M |
| R&D Expenses | $239M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $283M |
| Other Expenses | -$1M |
| Operating Expenses | $521M |
| Cost & Expenses | $903M |
| OPERATING INCOME | $256M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $122M |
| INCOME BEFORE TAX | $378M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $334M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $334M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $334M |
| D&A | $67M |
| EBIT | $378M |
| EBITDA | $445M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $382M |
| GROSS PROFIT | $777M |
| R&D Expenses | $239M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $283M |
| Other Expenses | -$1M |
| Operating Expenses | $521M |
| Cost & Expenses | $903M |
| OPERATING INCOME | $256M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $122M |
| INCOME BEFORE TAX | $378M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $334M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $334M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $334M |
| D&A | $67M |
| EBIT | $378M |
| EBITDA | $445M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $334M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $37M |
| Other Non-Cash Items | -$99M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $321M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $63M |
| Sales/Maturities of Investments | $103M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $108M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$63M |
| FREE CASH FLOW | $267M |
| Net Change in Cash | $368M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $215M |
| Net Receivables | $854M |
| Inventory | $564M |
| Other Current Assets | $238M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.1B |
| Intangible Assets | $210M |
| Long-Term Investments | $0 |
| Tax Assets | $454M |
| Other Non-Current Assets | $449M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $240M |
| Short-Term Debt | $499M |
| Deferred Revenue | $270M |
| Other Current Liabilities | $249M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $360M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $7.8B |
| Retained Earnings | -$392M |
| Treasury Stock | -$4.7B |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $2.6B |
| Net Debt | $1.1B |
