| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.5B | $2.4B | 14.4% | 18.8% |
| Op. Income | $864M | $760M | $735M | 13.8% | 17.6% |
| Gross Margin | 66.4% | 66.4% | 68.0% | 0.1pp | -1.6pp |
| Net Margin | 27.7% | 28.1% | 28.4% | -0.4pp | -0.7pp |
| EPS (Diluted) | $2.21 | $1.95 | $1.88 | 13.3% | 17.6% |
| Free Cash Flow | $730M | $736M | $511M | -0.8% | 43.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $962M |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $353M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $687M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $864M |
| Interest Income | $91M |
| Interest Expense | $0 |
| Other Income/Expenses | $91M |
| INCOME BEFORE TAX | $956M |
| Income Tax Expense | $156M |
| Net Income from Continuing Ops | $800M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $795M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $795M |
| D&A | $221M |
| EBIT | $864M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $962M |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $353M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $687M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $864M |
| Interest Income | $91M |
| Interest Expense | $0 |
| Other Income/Expenses | $91M |
| INCOME BEFORE TAX | $956M |
| Income Tax Expense | $156M |
| Net Income from Continuing Ops | $800M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $795M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $795M |
| D&A | $221M |
| EBIT | $864M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $800M |
| Depreciation & Amortization | $221M |
| Stock-Based Compensation | $203M |
| Deferred Income Tax | -$40M |
| Other Non-Cash Items | -$43M |
| Change in Working Capital | -$248M |
| OPERATING CASH FLOW | $893M |
| Capital Expenditure | -$163M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | -$425M |
| Sales/Maturities of Investments | $391M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$209M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$201M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$138M |
| FREE CASH FLOW | $730M |
| Net Change in Cash | $561M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $2.6B |
| Net Receivables | $1.6B |
| Inventory | $1.8B |
| Other Current Assets | $376M |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $5.3B |
| Goodwill | $370M |
| Intangible Assets | $11M |
| Long-Term Investments | $3.3B |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $811M |
| TOTAL NON-CURRENT ASSETS | $10.9B |
| TOTAL ASSETS | $20.6B |
| Account Payables | $255M |
| Short-Term Debt | $39M |
| Deferred Revenue | $507M |
| Other Current Liabilities | $609M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $132M |
| Deferred Revenue NC | $91M |
| Deferred Tax Liabilities | $173M |
| Other Non-Current Liabilities | $156M |
| TOTAL NON-CURRENT LIABILITIES | $683M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $10.8B |
| Retained Earnings | $7.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.8B |
| Minority Interest | $118M |
| TOTAL EQUITY | $17.9B |
| TOTAL LIABILITIES & EQUITY | $20.6B |
| Total Debt | $303M |
| Net Debt | -$3.1B |
