| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.3B | $17.6B | $13.5B | 9.6% | 42.6% |
| Op. Income | $8.8B | $8.4B | $5.8B | 4.6% | 51.4% |
| Gross Margin | 85.1% | 82.9% | 82.2% | 2.1pp | 2.8pp |
| Net Margin | 34.4% | 31.7% | 32.6% | 2.7pp | 1.8pp |
| EPS (Diluted) | $7.39 | $6.21 | $4.88 | 19.0% | 51.4% |
| Free Cash Flow | $678M | $8.6B | $727M | -92.1% | -6.7% |
| Item | Amount |
|---|---|
| REVENUE | $19.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $16.4B |
| R&D Expenses | $3.8B |
| Selling & Marketing | $0 |
| General & Administrative | $3.3B |
| SG&A Expenses | $3.3B |
| Other Expenses | $488M |
| Operating Expenses | $7.6B |
| Cost & Expenses | $10.5B |
| OPERATING INCOME | $8.8B |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$509M |
| INCOME BEFORE TAX | $8.3B |
| Income Tax Expense | $1.6B |
| Net Income from Continuing Ops | $6.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.6B |
| D&A | $152M |
| EBIT | $8.2B |
| EBITDA | $8.4B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $19.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $16.4B |
| R&D Expenses | $3.8B |
| Selling & Marketing | $0 |
| General & Administrative | $3.3B |
| SG&A Expenses | $3.3B |
| Other Expenses | $488M |
| Operating Expenses | $7.6B |
| Cost & Expenses | $10.5B |
| OPERATING INCOME | $8.8B |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$509M |
| INCOME BEFORE TAX | $8.3B |
| Income Tax Expense | $1.6B |
| Net Income from Continuing Ops | $6.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.6B |
| D&A | $152M |
| EBIT | $8.2B |
| EBITDA | $8.4B |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $6.6B |
| Depreciation & Amortization | $586M |
| Stock-Based Compensation | $136M |
| Deferred Income Tax | -$748M |
| Other Non-Cash Items | $287M |
| Change in Working Capital | -$3.7B |
| OPERATING CASH FLOW | $3.2B |
| Capital Expenditure | -$2.5B |
| Acquisitions (Net) | -$112M |
| Purchases of Investments | -$127M |
| Sales/Maturities of Investments | $132M |
| Other Investing Activities | -$149M |
| NET CASH FROM INVESTING | -$2.8B |
| Net Debt Issuance | -$500.0K |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$2.9B |
| FREE CASH FLOW | $678M |
| Net Change in Cash | -$2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.2B |
| Short-Term Investments | $105M |
| Net Receivables | $20.2B |
| Inventory | $13.7B |
| Other Current Assets | $147M |
| TOTAL CURRENT ASSETS | $55.6B |
| PP&E (Net) | $24.7B |
| Goodwill | $5.9B |
| Intangible Assets | $6.5B |
| Long-Term Investments | $2.8B |
| Tax Assets | $10.0B |
| Other Non-Current Assets | $7.0B |
| TOTAL NON-CURRENT ASSETS | $56.8B |
| TOTAL ASSETS | $112.5B |
| Account Payables | $5.4B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.8B |
| TOTAL CURRENT LIABILITIES | $35.2B |
| Long-Term Debt | $40.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.8B |
| TOTAL NON-CURRENT LIABILITIES | $50.7B |
| TOTAL LIABILITIES | $85.9B |
| Common Stock | $590M |
| Additional Paid-In Capital | $7.3B |
| Retained Earnings | $24.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.9B |
| Other Equity | -$3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $26.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.5B |
| TOTAL LIABILITIES & EQUITY | $112.5B |
| Total Debt | $42.5B |
| Net Debt | $35.3B |
