| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $961M | $992M | $999M | -3.1% | -3.8% |
| Op. Income | $152M | $235M | $223M | -35.3% | -31.8% |
| Gross Margin | 38.8% | 40.0% | 40.4% | -1.2pp | -1.6pp |
| Net Margin | 8.7% | 15.7% | 15.2% | -7.0pp | -6.5pp |
| EPS (Diluted) | $0.19 | $0.36 | $0.34 | -47.2% | -44.1% |
| Free Cash Flow | $84M | $55M | $100M | 51.5% | -16.0% |
| Item | Amount |
|---|---|
| REVENUE | $961M |
| Cost of Revenue | $588M |
| GROSS PROFIT | $373M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $150M |
| Other Expenses | $58M |
| Operating Expenses | $221M |
| Cost & Expenses | $809M |
| OPERATING INCOME | $152M |
| Interest Income | $7M |
| Interest Expense | $9M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $52M |
| EBIT | $152M |
| EBITDA | $204M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $961M |
| Cost of Revenue | $588M |
| GROSS PROFIT | $373M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $150M |
| Other Expenses | $58M |
| Operating Expenses | $221M |
| Cost & Expenses | $809M |
| OPERATING INCOME | $152M |
| Interest Income | $7M |
| Interest Expense | $9M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $150M |
| Income Tax Expense | $67M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $52M |
| EBIT | $152M |
| EBITDA | $204M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $179M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$102M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$79M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $368M |
| Short-Term Investments | $0 |
| Net Receivables | $347M |
| Inventory | $373M |
| Other Current Assets | $280M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $2.2B |
| Goodwill | $200M |
| Intangible Assets | $152M |
| Long-Term Investments | $0 |
| Tax Assets | $923M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $412M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $165M |
| TOTAL CURRENT LIABILITIES | $719M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $117M |
| Other Non-Current Liabilities | $968M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $222M |
| Additional Paid-In Capital | $264M |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $1.2B |
| Net Debt | $853M |
