| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $2.8B | $2.5B | 8.3% | 23.7% |
| Op. Income | $1.2B | $1.1B | $952M | 10.9% | 30.4% |
| Gross Margin | 60.3% | 59.6% | 60.7% | 0.7pp | -0.4pp |
| Net Margin | 26.8% | 33.3% | 23.4% | -6.5pp | 3.4pp |
| EPS (Diluted) | $6.13 | $7.01 | $4.28 | -12.6% | 43.2% |
| Free Cash Flow | $757M | $935M | $545M | -19.0% | 38.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $346M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $267M |
| Other Expenses | $0 |
| Operating Expenses | $613M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$270M |
| INCOME BEFORE TAX | $973M |
| Income Tax Expense | $148M |
| Net Income from Continuing Ops | $825M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $825M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $825M |
| D&A | $104M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $346M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $267M |
| Other Expenses | $0 |
| Operating Expenses | $613M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$270M |
| INCOME BEFORE TAX | $973M |
| Income Tax Expense | $148M |
| Net Income from Continuing Ops | $825M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $825M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $825M |
| D&A | $104M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $825M |
| Depreciation & Amortization | $104M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$69M |
| Other Non-Cash Items | $250M |
| Change in Working Capital | -$322M |
| OPERATING CASH FLOW | $850M |
| Capital Expenditure | -$92M |
| Acquisitions (Net) | $161.0K |
| Purchases of Investments | -$506M |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $614M |
| Net Debt Issuance | -$750M |
| Common Stock Repurchased | -$650M |
| Common Dividends Paid | -$227M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $757M |
| Net Change in Cash | -$139M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.9B |
| Net Receivables | $2.5B |
| Inventory | $3.0B |
| Other Current Assets | $315M |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $1.8B |
| Intangible Assets | $549M |
| Long-Term Investments | $0 |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $470M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $15.0B |
| Account Payables | $433M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $390M |
| Deferred Tax Liabilities | $424M |
| Other Non-Current Liabilities | $433M |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $11.4B |
| Common Stock | $2.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $15.0B |
| Total Debt | $6.1B |
| Net Debt | $4.2B |
