| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.8B | $5.3B | $4.7B | 9.3% | 23.8% |
| Op. Income | $2.0B | $1.8B | $1.6B | 13.1% | 31.1% |
| Gross Margin | 49.8% | 49.6% | 49.0% | 0.2pp | 0.8pp |
| Net Margin | 31.2% | 29.8% | 28.2% | 1.4pp | 3.1pp |
| EPS (Diluted) | $1.45 | $1.26 | $1.03 | 15.1% | 40.8% |
| Free Cash Flow | $810M | $1.7B | $1.0B | -51.4% | -20.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $583M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $280M |
| Other Expenses | $0 |
| Operating Expenses | $864M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $186M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $0 |
| EBIT | $2.0B |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.8B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.9B |
| R&D Expenses | $583M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $280M |
| Other Expenses | $0 |
| Operating Expenses | $864M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $186M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $0 |
| EBIT | $2.0B |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $116M |
| Stock-Based Compensation | $97M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$875M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$332M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$335M |
| Net Debt Issuance | -$751M |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | -$326M |
| Other Financing Activities | $55.0K |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $810M |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.8B |
| Short-Term Investments | $0 |
| Net Receivables | $4.1B |
| Inventory | $4.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.3B |
| PP&E (Net) | $2.9B |
| Goodwill | $0 |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $20.8B |
| Account Payables | $0 |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.2B |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $10.6B |
| TOTAL STOCKHOLDERS' EQUITY | $10.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.6B |
| TOTAL LIABILITIES & EQUITY | $20.8B |
| Total Debt | $3.7B |
| Net Debt | -$1.0B |
