| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.2B | $3.8B | 5.0% | 16.4% |
| Op. Income | $1.3B | $1.3B | $1.1B | 5.5% | 26.2% |
| Gross Margin | 47.4% | 48.0% | 46.8% | -0.7pp | 0.6pp |
| Net Margin | 27.2% | 26.8% | 25.4% | 0.4pp | 1.8pp |
| EPS (Diluted) | $0.92 | $0.86 | $0.72 | 7.0% | 27.8% |
| Free Cash Flow | $853M | $1.5B | $1.3B | -41.5% | -36.3% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $495M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $244M |
| Other Expenses | $0 |
| Operating Expenses | $739M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $1.3B |
| Interest Income | $58M |
| Interest Expense | $45M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $157M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $96M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $495M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $244M |
| Other Expenses | $0 |
| Operating Expenses | $739M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $1.3B |
| Interest Income | $58M |
| Interest Expense | $45M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $157M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $96M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $82M |
| Deferred Income Tax | -$83M |
| Other Non-Cash Items | -$157M |
| Change in Working Capital | -$387M |
| OPERATING CASH FLOW | $742M |
| Capital Expenditure | $111M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$286M |
| NET CASH FROM INVESTING | -$175M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$698M |
| Common Dividends Paid | -$298M |
| Other Financing Activities | $761.0K |
| NET CASH FROM FINANCING | -$935M |
| FREE CASH FLOW | $853M |
| Net Change in Cash | -$395M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.7B |
| Short-Term Investments | $0 |
| Net Receivables | $3.3B |
| Inventory | $4.4B |
| Other Current Assets | $284M |
| TOTAL CURRENT ASSETS | $13.6B |
| PP&E (Net) | $2.3B |
| Goodwill | $0 |
| Intangible Assets | $1.8B |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $19.8B |
| Account Payables | $822M |
| Short-Term Debt | $504M |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $5.4B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $8.4B |
| Retained Earnings | $26.5B |
| Treasury Stock | -$26.0B |
| Accum. Other Comp. Income | -$134M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.8B |
| TOTAL LIABILITIES & EQUITY | $19.8B |
| Total Debt | $5.0B |
| Net Debt | -$683M |
