| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.6B | 3.6% | 23.7% |
| Op. Income | $1.4B | $1.3B | $1.1B | 8.0% | 33.4% |
| Gross Margin | 63.2% | 61.6% | 62.0% | 1.6pp | 1.2pp |
| Net Margin | 37.9% | 35.5% | 32.6% | 2.4pp | 5.3pp |
| EPS (Diluted) | $9.06 | $8.16 | $6.18 | 11.0% | 46.6% |
| Free Cash Flow | $1.1B | $987M | $832M | 7.8% | 28.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $353M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $250M |
| Other Expenses | $0 |
| Operating Expenses | $603M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $73M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $96M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $353M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $250M |
| Other Expenses | $0 |
| Operating Expenses | $603M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $73M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $96M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | -$60M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$136M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$100M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$748M |
| Sales/Maturities of Investments | $549M |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$325M |
| Net Debt Issuance | $750M |
| Common Stock Repurchased | -$426M |
| Common Dividends Paid | -$254M |
| Other Financing Activities | -$804M |
| NET CASH FROM FINANCING | -$630M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $221M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $2.4B |
| Net Receivables | $2.4B |
| Inventory | $3.2B |
| Other Current Assets | $357M |
| TOTAL CURRENT ASSETS | $10.7B |
| PP&E (Net) | $1.3B |
| Goodwill | $1.8B |
| Intangible Assets | $445M |
| Long-Term Investments | $0 |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $774M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $16.1B |
| Account Payables | $459M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $349M |
| Deferred Tax Liabilities | $447M |
| Other Non-Current Liabilities | $451M |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $11.4B |
| Common Stock | $132.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $16.1B |
| Total Debt | $6.1B |
| Net Debt | $4.0B |
