| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $2.3B | -6.2% | -48.4% |
| Op. Income | $147M | $219M | $885M | -33.1% | -83.4% |
| Gross Margin | 57.4% | 59.4% | 67.8% | -1.9pp | -10.3pp |
| Net Margin | 6.7% | 10.4% | 29.6% | -3.7pp | -22.8pp |
| EPS (Diluted) | $0.14 | $0.24 | $1.21 | -41.7% | -88.4% |
| Free Cash Flow | $23M | $304M | $542M | -92.5% | -95.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $495M |
| GROSS PROFIT | $669M |
| R&D Expenses | $241M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $124M |
| Operating Expenses | $522M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $147M |
| Interest Income | $2M |
| Interest Expense | $57M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $188M |
| EBIT | $148M |
| EBITDA | $336M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $495M |
| GROSS PROFIT | $669M |
| R&D Expenses | $241M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $124M |
| Operating Expenses | $522M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $147M |
| Interest Income | $2M |
| Interest Expense | $57M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $188M |
| EBIT | $148M |
| EBITDA | $336M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $78M |
| Depreciation & Amortization | $188M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$235M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$43M |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | $246M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | -$244M |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $1.3B |
| Other Current Assets | $236M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $1.2B |
| Goodwill | $6.7B |
| Intangible Assets | $2.7B |
| Long-Term Investments | $0 |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $572M |
| TOTAL NON-CURRENT ASSETS | $12.7B |
| TOTAL ASSETS | $15.6B |
| Account Payables | $204M |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $241M |
| Other Current Liabilities | $532M |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $630M |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $924M |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $9.3B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $6.5B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $15.6B |
| Total Debt | $6.5B |
| Net Debt | $6.2B |
