| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.4B | $24.3B | $23.5B | 4.7% | 8.2% |
| Op. Income | $1.0B | $1.3B | $1.1B | -20.5% | -8.4% |
| Gross Margin | 12.1% | 13.2% | 14.9% | -1.1pp | -2.8pp |
| Net Margin | 1.8% | 2.6% | 2.1% | -0.8pp | -0.3pp |
| EPS (Diluted) | $0.45 | $0.60 | $0.22 | -25.0% | 106.4% |
| Free Cash Flow | $1.2B | $543M | $1.2B | 122.6% | 1.6% |
| Item | Amount |
|---|---|
| REVENUE | $25.4B |
| Cost of Revenue | $22.4B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.0B |
| Other Expenses | -$9M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $24.4B |
| OPERATING INCOME | $1.0B |
| Interest Income | $60M |
| Interest Expense | $446M |
| Other Income/Expenses | -$629M |
| INCOME BEFORE TAX | $413M |
| Income Tax Expense | -$67M |
| Net Income from Continuing Ops | $480M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $458M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $458M |
| D&A | $688M |
| EBIT | $1.0B |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $25.4B |
| Cost of Revenue | $22.4B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.0B |
| Other Expenses | -$9M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $24.4B |
| OPERATING INCOME | $1.0B |
| Interest Income | $60M |
| Interest Expense | $446M |
| Other Income/Expenses | -$629M |
| INCOME BEFORE TAX | $413M |
| Income Tax Expense | -$67M |
| Net Income from Continuing Ops | $480M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $458M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $458M |
| D&A | $688M |
| EBIT | $1.0B |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $458M |
| Depreciation & Amortization | $688M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $71M |
| Other Non-Cash Items | $338M |
| Change in Working Capital | $593M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$939M |
| Acquisitions (Net) | $19M |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$959M |
| Net Debt Issuance | $391M |
| Common Stock Repurchased | -$266M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$169M |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $177M |
| Net Receivables | $5.9B |
| Inventory | $8.8B |
| Other Current Assets | $480M |
| TOTAL CURRENT ASSETS | $20.4B |
| PP&E (Net) | $12.6B |
| Goodwill | $6.5B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $5.3B |
| Tax Assets | $606M |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $29.6B |
| TOTAL ASSETS | $50.0B |
| Account Payables | $8.1B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $12.8B |
| Long-Term Debt | $22.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $26.7B |
| TOTAL LIABILITIES | $39.5B |
| Common Stock | $34M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.3B |
| Treasury Stock | -$654M |
| Accum. Other Comp. Income | $7.9B |
| Other Equity | $27M |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $908M |
| TOTAL EQUITY | $10.6B |
| TOTAL LIABILITIES & EQUITY | $50.0B |
| Total Debt | $25.3B |
| Net Debt | $20.3B |
