| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.6B | $15.6B | $11.4B | 13.1% | 53.9% |
| Op. Income | $8.4B | $7.1B | $4.5B | 17.7% | 84.3% |
| Gross Margin | 82.9% | 84.3% | 81.0% | -1.4pp | 1.9pp |
| Net Margin | 31.7% | 36.4% | 8.5% | -4.7pp | 23.2pp |
| EPS (Diluted) | $6.21 | $6.29 | $1.07 | -1.3% | 480.4% |
| Free Cash Flow | $8.6B | $1.3B | -$459M | 571.2% | 1976.7% |
| Item | Amount |
|---|---|
| REVENUE | $17.6B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $14.6B |
| R&D Expenses | $3.5B |
| Selling & Marketing | $0 |
| General & Administrative | $2.7B |
| SG&A Expenses | $2.7B |
| Other Expenses | $0 |
| Operating Expenses | $6.2B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $8.4B |
| Interest Income | $65M |
| Interest Expense | $180M |
| Other Income/Expenses | -$1.2B |
| INCOME BEFORE TAX | $7.2B |
| Income Tax Expense | $1.6B |
| Net Income from Continuing Ops | $5.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.6B |
| D&A | $470M |
| EBIT | $7.4B |
| EBITDA | $7.9B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $17.6B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $14.6B |
| R&D Expenses | $3.5B |
| Selling & Marketing | $0 |
| General & Administrative | $2.7B |
| SG&A Expenses | $2.7B |
| Other Expenses | $0 |
| Operating Expenses | $6.2B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $8.4B |
| Interest Income | $65M |
| Interest Expense | $180M |
| Other Income/Expenses | -$1.2B |
| INCOME BEFORE TAX | $7.2B |
| Income Tax Expense | $1.6B |
| Net Income from Continuing Ops | $5.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.6B |
| D&A | $470M |
| EBIT | $7.4B |
| EBITDA | $7.9B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $5.6B |
| Depreciation & Amortization | $470M |
| Stock-Based Compensation | $151M |
| Deferred Income Tax | $501M |
| Other Non-Cash Items | $923M |
| Change in Working Capital | $1.2B |
| OPERATING CASH FLOW | $8.8B |
| Capital Expenditure | -$224M |
| Acquisitions (Net) | -$549M |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $556M |
| Other Investing Activities | -$752M |
| NET CASH FROM INVESTING | -$3.0B |
| Net Debt Issuance | $2.6B |
| Common Stock Repurchased | -$708M |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | $531M |
| FREE CASH FLOW | $8.6B |
| Net Change in Cash | $6.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.8B |
| Short-Term Investments | $122M |
| Net Receivables | $19.5B |
| Inventory | $12.2B |
| Other Current Assets | $272M |
| TOTAL CURRENT ASSETS | $62.1B |
| PP&E (Net) | $22.3B |
| Goodwill | $5.9B |
| Intangible Assets | $6.4B |
| Long-Term Investments | $2.8B |
| Tax Assets | $9.0B |
| Other Non-Current Assets | $6.4B |
| TOTAL NON-CURRENT ASSETS | $52.9B |
| TOTAL ASSETS | $114.9B |
| Account Payables | $4.3B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24.8B |
| TOTAL CURRENT LIABILITIES | $40.1B |
| Long-Term Debt | $40.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.1B |
| TOTAL NON-CURRENT LIABILITIES | $50.9B |
| TOTAL LIABILITIES | $91.1B |
| Common Stock | $591M |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $22.3B |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | -$3.2B |
| Other Equity | -$3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $23.8B |
| Minority Interest | $58M |
| TOTAL EQUITY | $23.9B |
| TOTAL LIABILITIES & EQUITY | $114.9B |
| Total Debt | $42.5B |
| Net Debt | $32.7B |
