| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $3.8B | $4.6B | 16.8% | -4.1% |
| Op. Income | $79M | $40M | $49M | 97.3% | 62.0% |
| Gross Margin | 20.1% | 20.5% | 19.5% | -0.5pp | 0.6pp |
| Net Margin | 3.6% | 2.5% | 3.5% | 1.1pp | 0.1pp |
| EPS (Diluted) | $0.15 | $0.09 | $0.15 | 67.2% | -1.9% |
| Free Cash Flow | -$683M | -$249M | -$521M | -174.6% | -31.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $890M |
| R&D Expenses | $412M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $399M |
| Other Expenses | $0 |
| Operating Expenses | $811M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $79M |
| Interest Income | $73M |
| Interest Expense | $7M |
| Other Income/Expenses | $110M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $161M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $0 |
| EBIT | $196M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $890M |
| R&D Expenses | $412M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $399M |
| Other Expenses | $0 |
| Operating Expenses | $811M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $79M |
| Interest Income | $73M |
| Interest Expense | $7M |
| Other Income/Expenses | $110M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $161M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $160M |
| D&A | $0 |
| EBIT | $196M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $160M |
| Depreciation & Amortization | $251M |
| Stock-Based Compensation | $54M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$170M |
| Change in Working Capital | -$739M |
| OPERATING CASH FLOW | -$444M |
| Capital Expenditure | -$239M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $206M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$683M |
| Net Change in Cash | -$503M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.3B |
| Short-Term Investments | $8.3B |
| Net Receivables | $13M |
| Inventory | $1.7B |
| Other Current Assets | $701M |
| TOTAL CURRENT ASSETS | $18.1B |
| PP&E (Net) | $4.5B |
| Goodwill | $801.3K |
| Intangible Assets | $136M |
| Long-Term Investments | $121M |
| Tax Assets | $417M |
| Other Non-Current Assets | $292M |
| TOTAL NON-CURRENT ASSETS | $5.5B |
| TOTAL ASSETS | $23.6B |
| Account Payables | $7.3B |
| Short-Term Debt | $934M |
| Deferred Revenue | $205M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10.4B |
| Long-Term Debt | $268M |
| Deferred Revenue NC | $97M |
| Deferred Tax Liabilities | $111M |
| Other Non-Current Liabilities | $910M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $213.9K |
| Additional Paid-In Capital | $8.9B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$11.7K |
| Accum. Other Comp. Income | -$61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.7B |
| Minority Interest | $74M |
| TOTAL EQUITY | $10.8B |
| TOTAL LIABILITIES & EQUITY | $23.6B |
| Total Debt | $2.5B |
| Net Debt | -$4.8B |
