| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $2.0B | 2.7% | 22.9% |
| Op. Income | $760M | $743M | $577M | 2.2% | 31.6% |
| Gross Margin | 66.4% | 66.3% | 67.4% | 0.1pp | -1.1pp |
| Net Margin | 28.1% | 27.0% | 27.7% | 1.1pp | 0.4pp |
| EPS (Diluted) | $1.95 | $1.81 | $1.56 | 7.7% | 25.0% |
| Free Cash Flow | $736M | $560M | $459M | 31.3% | 60.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $843M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $329M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $573M |
| Other Expenses | $0 |
| Operating Expenses | $903M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $760M |
| Interest Income | $96M |
| Interest Expense | $0 |
| Other Income/Expenses | $96M |
| INCOME BEFORE TAX | $855M |
| Income Tax Expense | $146M |
| Net Income from Continuing Ops | $709M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $704M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $704M |
| D&A | $160M |
| EBIT | $760M |
| EBITDA | $920M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $843M |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $329M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $573M |
| Other Expenses | $0 |
| Operating Expenses | $903M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $760M |
| Interest Income | $96M |
| Interest Expense | $0 |
| Other Income/Expenses | $96M |
| INCOME BEFORE TAX | $855M |
| Income Tax Expense | $146M |
| Net Income from Continuing Ops | $709M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $704M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $704M |
| D&A | $160M |
| EBIT | $760M |
| EBITDA | $920M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $709M |
| Depreciation & Amortization | $160M |
| Stock-Based Compensation | $204M |
| Deferred Income Tax | $88M |
| Other Non-Cash Items | -$1.0B |
| Change in Working Capital | $710M |
| OPERATING CASH FLOW | $841M |
| Capital Expenditure | -$105M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$99M |
| Sales/Maturities of Investments | $606M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $401M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.9B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | $736M |
| Net Change in Cash | -$597M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $2.1B |
| Net Receivables | $1.4B |
| Inventory | $1.8B |
| Other Current Assets | $283M |
| TOTAL CURRENT ASSETS | $8.5B |
| PP&E (Net) | $5.2B |
| Goodwill | $348M |
| Intangible Assets | $15M |
| Long-Term Investments | $3.7B |
| Tax Assets | $979M |
| Other Non-Current Assets | $607M |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $19.4B |
| Account Payables | $291M |
| Short-Term Debt | $0 |
| Deferred Revenue | $491M |
| Other Current Liabilities | $437M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $79M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $427M |
| TOTAL NON-CURRENT LIABILITIES | $507M |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $10.5B |
| Retained Earnings | $6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.9B |
| Minority Interest | $112M |
| TOTAL EQUITY | $17.0B |
| TOTAL LIABILITIES & EQUITY | $19.4B |
| Total Debt | $0 |
| Net Debt | -$2.8B |
