| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.0B | 8.3% | 21.4% |
| Op. Income | $743M | $578M | $567M | 28.6% | 31.0% |
| Gross Margin | 66.3% | 64.7% | 68.3% | 1.6pp | -2.0pp |
| Net Margin | 27.0% | 31.0% | 26.2% | -4.0pp | 0.8pp |
| EPS (Diluted) | $1.81 | $1.92 | $1.46 | -5.7% | 24.0% |
| Free Cash Flow | $560M | $465M | $311M | 20.5% | 80.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $822M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $313M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $561M |
| Other Expenses | $0 |
| Operating Expenses | $875M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $743M |
| Interest Income | $89M |
| Interest Expense | $0 |
| Other Income/Expenses | $89M |
| INCOME BEFORE TAX | $832M |
| Income Tax Expense | $168M |
| Net Income from Continuing Ops | $664M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $658M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $658M |
| D&A | $155M |
| EBIT | $743M |
| EBITDA | $899M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $822M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $313M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $561M |
| Other Expenses | $0 |
| Operating Expenses | $875M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $743M |
| Interest Income | $89M |
| Interest Expense | $0 |
| Other Income/Expenses | $89M |
| INCOME BEFORE TAX | $832M |
| Income Tax Expense | $168M |
| Net Income from Continuing Ops | $664M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $658M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $658M |
| D&A | $155M |
| EBIT | $743M |
| EBITDA | $899M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $664M |
| Depreciation & Amortization | $155M |
| Stock-Based Compensation | $196M |
| Deferred Income Tax | -$30M |
| Other Non-Cash Items | -$600.0K |
| Change in Working Capital | -$270M |
| OPERATING CASH FLOW | $715M |
| Capital Expenditure | -$155M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$172M |
| Sales/Maturities of Investments | $589M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $261M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$181M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$148M |
| FREE CASH FLOW | $560M |
| Net Change in Cash | $829M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $1.9B |
| Net Receivables | $1.4B |
| Inventory | $1.7B |
| Other Current Assets | $358M |
| TOTAL CURRENT ASSETS | $8.7B |
| PP&E (Net) | $5.0B |
| Goodwill | $349M |
| Intangible Assets | $18M |
| Long-Term Investments | $4.2B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $789M |
| TOTAL NON-CURRENT ASSETS | $11.4B |
| TOTAL ASSETS | $20.2B |
| Account Payables | $267M |
| Short-Term Debt | $0 |
| Deferred Revenue | $500M |
| Other Current Liabilities | $421M |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $72M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $446M |
| TOTAL NON-CURRENT LIABILITIES | $518M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $10.2B |
| Retained Earnings | $7.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.8B |
| Minority Interest | $107M |
| TOTAL EQUITY | $18.0B |
| TOTAL LIABILITIES & EQUITY | $20.2B |
| Total Debt | $0 |
| Net Debt | -$3.4B |
