| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.6B | $12.7B | $11.3B | 22.2% | 37.6% |
| Op. Income | $7.1B | $5.4B | $4.4B | 31.8% | 61.3% |
| Gross Margin | 84.3% | 82.5% | 80.8% | 1.7pp | 3.5pp |
| Net Margin | 36.4% | 21.7% | 26.3% | 14.7pp | 10.1pp |
| EPS (Diluted) | $6.29 | $3.06 | $3.28 | 105.6% | 91.8% |
| Free Cash Flow | $1.3B | -$1.6B | $63M | 180.1% | 1923.7% |
| Item | Amount |
|---|---|
| REVENUE | $15.6B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $13.1B |
| R&D Expenses | $3.3B |
| Selling & Marketing | $0 |
| General & Administrative | $2.6B |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $6.0B |
| Cost & Expenses | $8.4B |
| OPERATING INCOME | $7.1B |
| Interest Income | $40M |
| Interest Expense | $249M |
| Other Income/Expenses | -$350M |
| INCOME BEFORE TAX | $6.8B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $5.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.7B |
| D&A | $479M |
| EBIT | $7.0B |
| EBITDA | $7.5B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $15.6B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $13.1B |
| R&D Expenses | $3.3B |
| Selling & Marketing | $0 |
| General & Administrative | $2.6B |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $6.0B |
| Cost & Expenses | $8.4B |
| OPERATING INCOME | $7.1B |
| Interest Income | $40M |
| Interest Expense | $249M |
| Other Income/Expenses | -$350M |
| INCOME BEFORE TAX | $6.8B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $5.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.7B |
| D&A | $479M |
| EBIT | $7.0B |
| EBITDA | $7.5B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $5.7B |
| Depreciation & Amortization | $479M |
| Stock-Based Compensation | $185M |
| Deferred Income Tax | -$1.1B |
| Other Non-Cash Items | $94M |
| Change in Working Capital | -$2.3B |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$1.8B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$171M |
| Sales/Maturities of Investments | $204M |
| Other Investing Activities | -$171M |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $825M |
| Common Stock Repurchased | -$692M |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $283M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $170M |
| Net Receivables | $17.2B |
| Inventory | $11.0B |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $49.9B |
| PP&E (Net) | $20.5B |
| Goodwill | $5.8B |
| Intangible Assets | $5.9B |
| Long-Term Investments | $3.2B |
| Tax Assets | $9.4B |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $51.1B |
| TOTAL ASSETS | $100.9B |
| Account Payables | $4.1B |
| Short-Term Debt | $5.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.4B |
| TOTAL CURRENT LIABILITIES | $39.0B |
| Long-Term Debt | $34.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.4B |
| TOTAL NON-CURRENT LIABILITIES | $43.6B |
| TOTAL LIABILITIES | $82.6B |
| Common Stock | $592M |
| Additional Paid-In Capital | $7.1B |
| Retained Earnings | $17.4B |
| Treasury Stock | -$55M |
| Accum. Other Comp. Income | -$3.7B |
| Other Equity | -$3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $18.3B |
| Minority Interest | $76M |
| TOTAL EQUITY | $18.3B |
| TOTAL LIABILITIES & EQUITY | $100.9B |
| Total Debt | $39.9B |
| Net Debt | $36.5B |
