| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $5.9B | $5.1B | 14.4% | 33.8% |
| Op. Income | $825M | $763M | $726M | 8.1% | 13.6% |
| Gross Margin | 45.6% | 46.7% | 46.6% | -1.1pp | -1.1pp |
| Net Margin | 7.7% | 8.3% | 10.5% | -0.6pp | -2.8pp |
| EPS (Diluted) | $10.32 | $9.74 | $10.47 | 6.0% | -1.4% |
| Free Cash Flow | $2.2B | $672M | $1.7B | 224.5% | 28.4% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $567M |
| Selling & Marketing | $751M |
| General & Administrative | $261M |
| SG&A Expenses | $1.0B |
| Other Expenses | $690M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $825M |
| Interest Income | $44M |
| Interest Expense | $36M |
| Other Income/Expenses | -$109M |
| INCOME BEFORE TAX | $716M |
| Income Tax Expense | $193M |
| Net Income from Continuing Ops | $523M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $523M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $523M |
| D&A | $199M |
| EBIT | $752M |
| EBITDA | $951M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $567M |
| Selling & Marketing | $751M |
| General & Administrative | $261M |
| SG&A Expenses | $1.0B |
| Other Expenses | $690M |
| Operating Expenses | $2.3B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $825M |
| Interest Income | $44M |
| Interest Expense | $36M |
| Other Income/Expenses | -$109M |
| INCOME BEFORE TAX | $716M |
| Income Tax Expense | $193M |
| Net Income from Continuing Ops | $523M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $523M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $523M |
| D&A | $199M |
| EBIT | $752M |
| EBITDA | $951M |
| EPS | $10 |
| EPS Diluted | $10 |
| Item | Amount |
|---|---|
| Net Income | $523M |
| Depreciation & Amortization | $188M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$88M |
| Other Non-Cash Items | $833M |
| Change in Working Capital | $989M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$264M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.9B |
| Sales/Maturities of Investments | $2.6B |
| Other Investing Activities | -$1.5B |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $613M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $267M |
| NET CASH FROM FINANCING | $880M |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | $2.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.0B |
| Short-Term Investments | $960M |
| Net Receivables | $13.5B |
| Inventory | $434M |
| Other Current Assets | $8.2B |
| TOTAL CURRENT ASSETS | $26.1B |
| PP&E (Net) | $3.5B |
| Goodwill | $160M |
| Intangible Assets | $108M |
| Long-Term Investments | $1.4B |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $640M |
| TOTAL NON-CURRENT ASSETS | $6.9B |
| TOTAL ASSETS | $32.9B |
| Account Payables | $3.9B |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $342M |
| TOTAL CURRENT LIABILITIES | $21.8B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $293M |
| Other Non-Current Liabilities | $375M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $27.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $4.8B |
| Treasury Stock | -$311M |
| Accum. Other Comp. Income | -$575M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $32.9B |
| Total Debt | $9.0B |
| Net Debt | $6.0B |
