| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.5B | $5.3B | 7.9% | -28.8% |
| Op. Income | $1.1B | $1.0B | $1.7B | 3.3% | -37.1% |
| Gross Margin | 46.8% | 47.5% | 45.0% | -0.8pp | 1.7pp |
| Net Margin | 25.4% | 25.5% | 27.8% | -0.1pp | -2.4pp |
| EPS (Diluted) | $0.72 | $0.67 | $1.08 | 7.5% | -33.3% |
| Free Cash Flow | $1.3B | $874M | $977M | 53.1% | 37.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $470M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $229M |
| Other Expenses | $2M |
| Operating Expenses | $700M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $58M |
| Interest Expense | $46M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $954M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $954M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $954M |
| D&A | $91M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $470M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $229M |
| Other Expenses | $2M |
| Operating Expenses | $700M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $1.1B |
| Interest Income | $58M |
| Interest Expense | $46M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $133M |
| Net Income from Continuing Ops | $954M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $954M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $954M |
| D&A | $91M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $954M |
| Depreciation & Amortization | $91M |
| Stock-Based Compensation | $70M |
| Deferred Income Tax | -$89M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $423M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$115M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$102M |
| Net Debt Issuance | -$986.0K |
| Common Stock Repurchased | -$645M |
| Common Dividends Paid | -$264M |
| Other Financing Activities | $49M |
| NET CASH FROM FINANCING | -$860M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $499M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.6B |
| Short-Term Investments | $15M |
| Net Receivables | $2.7B |
| Inventory | $4.4B |
| Other Current Assets | $279M |
| TOTAL CURRENT ASSETS | $13.1B |
| PP&E (Net) | $2.1B |
| Goodwill | $1.6B |
| Intangible Assets | $151M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $18.8B |
| Account Payables | $500M |
| Short-Term Debt | $4M |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $6.3B |
| TOTAL LIABILITIES | $10.6B |
| Common Stock | $131.0K |
| Additional Paid-In Capital | $8.0B |
| Retained Earnings | $23.3B |
| Treasury Stock | -$23.0B |
| Accum. Other Comp. Income | -$118M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $18.8B |
| Total Debt | $5.0B |
| Net Debt | -$640M |
