| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.7B | $3.9B | 9.6% | 33.6% |
| Op. Income | $1.7B | $1.6B | $1.1B | 11.5% | 54.6% |
| Gross Margin | 50.1% | 49.0% | 47.5% | 1.1pp | 2.5pp |
| Net Margin | 33.3% | 28.2% | 26.4% | 5.1pp | 6.9pp |
| EPS (Diluted) | $1.35 | $1.03 | $0.78 | 31.1% | 73.1% |
| Free Cash Flow | $2.4B | $1.0B | $762M | 133.4% | 212.7% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $580M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $268M |
| Other Expenses | $0 |
| Operating Expenses | $849M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $1.7B |
| Interest Income | $55M |
| Interest Expense | $43M |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $98M |
| EBIT | $1.8B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $580M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $268M |
| Other Expenses | $0 |
| Operating Expenses | $849M |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $1.7B |
| Interest Income | $55M |
| Interest Expense | $43M |
| Other Income/Expenses | $38M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $98M |
| EBIT | $1.8B |
| EBITDA | $1.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $98M |
| Stock-Based Compensation | $94M |
| Deferred Income Tax | -$152M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $779M |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$172M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $43M |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$295M |
| Other Financing Activities | -$820.0K |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $2.4B |
| Net Change in Cash | $945M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.4B |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $4.3B |
| Other Current Assets | $440M |
| TOTAL CURRENT ASSETS | $14.5B |
| PP&E (Net) | $2.4B |
| Goodwill | $1.6B |
| Intangible Assets | $182M |
| Long-Term Investments | $17M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $21.3B |
| Account Payables | $854M |
| Short-Term Debt | $750M |
| Deferred Revenue | $2.6B |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $11.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $8.7B |
| Retained Earnings | $29.0B |
| Treasury Stock | -$27.8B |
| Accum. Other Comp. Income | -$62M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.9B |
| TOTAL LIABILITIES & EQUITY | $21.3B |
| Total Debt | $4.5B |
| Net Debt | -$1.9B |
