| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.7B | $7.5B | $6.6B | -10.5% | 1.8% |
| Op. Income | $197M | $202M | $141M | -2.1% | 40.0% |
| Gross Margin | 11.6% | 10.9% | 10.7% | 0.7pp | 0.9pp |
| Net Margin | 1.9% | 1.8% | 1.2% | 0.1pp | 0.6pp |
| EPS (Diluted) | $0.81 | $0.85 | $0.52 | -4.7% | 55.8% |
| Free Cash Flow | -$151M | $510M | $65M | -129.5% | -332.2% |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $773M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $576M |
| Other Expenses | $0 |
| Operating Expenses | $576M |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $197M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $80M |
| EBIT | $192M |
| EBITDA | $272M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.7B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $773M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $576M |
| Other Expenses | $0 |
| Operating Expenses | $576M |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $197M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $166M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $125M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $125M |
| D&A | $80M |
| EBIT | $192M |
| EBITDA | $272M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $125M |
| Depreciation & Amortization | $75M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $102M |
| Change in Working Capital | -$343M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$127M |
| Acquisitions (Net) | -$1.0K |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$132M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$116M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$122M |
| FREE CASH FLOW | -$151M |
| Net Change in Cash | -$277M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $272M |
| Short-Term Investments | $0 |
| Net Receivables | $214M |
| Inventory | $3.7B |
| Other Current Assets | $668M |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $4.3B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $17.6B |
| Tax Assets | $133M |
| Other Non-Current Assets | $324M |
| TOTAL NON-CURRENT ASSETS | $22.5B |
| TOTAL ASSETS | $27.3B |
| Account Payables | $986M |
| Short-Term Debt | $525M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $18.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $358M |
| TOTAL NON-CURRENT LIABILITIES | $19.0B |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $77M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $4.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $27.3B |
| Total Debt | $19.2B |
| Net Debt | $18.9B |
