| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.4B | $1.9B | -6.6% | 19.2% |
| Op. Income | $578M | $735M | $469M | -21.3% | 23.2% |
| Gross Margin | 64.7% | 68.0% | 65.9% | -3.4pp | -1.2pp |
| Net Margin | 31.0% | 28.4% | 28.8% | 2.6pp | 2.2pp |
| EPS (Diluted) | $1.92 | $1.88 | $1.51 | 2.1% | 27.2% |
| Free Cash Flow | $465M | $511M | $24M | -8.9% | 1878.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $796M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $316M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $563M |
| Other Expenses | $0 |
| Operating Expenses | $880M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $578M |
| Interest Income | $90M |
| Interest Expense | $0 |
| Other Income/Expenses | $90M |
| INCOME BEFORE TAX | $669M |
| Income Tax Expense | -$35M |
| Net Income from Continuing Ops | $704M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $698M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $698M |
| D&A | $141M |
| EBIT | $578M |
| EBITDA | $719M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $796M |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $316M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $563M |
| Other Expenses | $0 |
| Operating Expenses | $880M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $578M |
| Interest Income | $90M |
| Interest Expense | $0 |
| Other Income/Expenses | $90M |
| INCOME BEFORE TAX | $669M |
| Income Tax Expense | -$35M |
| Net Income from Continuing Ops | $704M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $698M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $698M |
| D&A | $141M |
| EBIT | $578M |
| EBITDA | $719M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $704M |
| Depreciation & Amortization | $141M |
| Stock-Based Compensation | $185M |
| Deferred Income Tax | $100.0K |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$439M |
| OPERATING CASH FLOW | $582M |
| Capital Expenditure | -$117M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$520M |
| Sales/Maturities of Investments | $850M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $214M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$370M |
| NET CASH FROM FINANCING | -$236M |
| FREE CASH FLOW | $465M |
| Net Change in Cash | $555M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $1.9B |
| Net Receivables | $1.3B |
| Inventory | $1.6B |
| Other Current Assets | $244M |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $4.8B |
| Goodwill | $348M |
| Intangible Assets | $20M |
| Long-Term Investments | $4.8B |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $541M |
| TOTAL NON-CURRENT ASSETS | $11.6B |
| TOTAL ASSETS | $19.2B |
| Account Payables | $276M |
| Short-Term Debt | $0 |
| Deferred Revenue | $496M |
| Other Current Liabilities | $398M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $64M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $411M |
| TOTAL NON-CURRENT LIABILITIES | $475M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $10.0B |
| Retained Earnings | $7.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.1B |
| Minority Interest | $101M |
| TOTAL EQUITY | $17.2B |
| TOTAL LIABILITIES & EQUITY | $19.2B |
| Total Debt | $0 |
| Net Debt | -$2.6B |
