| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.8B | $7.4B | $6.1B | 18.2% | 44.6% |
| Op. Income | $889M | $724M | $820M | 22.8% | 8.4% |
| Gross Margin | 43.2% | 43.3% | 45.4% | -0.1pp | -2.2pp |
| Net Margin | 6.4% | 5.7% | 10.5% | 0.7pp | -4.2pp |
| EPS (Diluted) | $11.03 | $8.30 | $12.60 | 32.9% | -12.5% |
| Free Cash Flow | $4.8B | $2.5B | $2.6B | 94.1% | 82.6% |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $584M |
| Selling & Marketing | $2.0B |
| General & Administrative | $292M |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.9B |
| Cost & Expenses | $7.9B |
| OPERATING INCOME | $889M |
| Interest Income | $8M |
| Interest Expense | $38M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | $784M |
| Income Tax Expense | $225M |
| Net Income from Continuing Ops | $559M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $559M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $559M |
| D&A | $238M |
| EBIT | $822M |
| EBITDA | $1.1B |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $584M |
| Selling & Marketing | $2.0B |
| General & Administrative | $292M |
| SG&A Expenses | $2.3B |
| Other Expenses | $0 |
| Operating Expenses | $2.9B |
| Cost & Expenses | $7.9B |
| OPERATING INCOME | $889M |
| Interest Income | $8M |
| Interest Expense | $38M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | $784M |
| Income Tax Expense | $225M |
| Net Income from Continuing Ops | $559M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $559M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $559M |
| D&A | $238M |
| EBIT | $822M |
| EBITDA | $1.1B |
| EPS | $11 |
| EPS Diluted | $11 |
| Item | Amount |
|---|---|
| Net Income | $559M |
| Depreciation & Amortization | $238M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.8B |
| Change in Working Capital | $2.6B |
| OPERATING CASH FLOW | $5.2B |
| Capital Expenditure | -$427M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.6B |
| NET CASH FROM INVESTING | -$2.0B |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $4.8B |
| Net Change in Cash | $4.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $2.6B |
| Net Receivables | $7.3B |
| Inventory | $570M |
| Other Current Assets | $19.4B |
| TOTAL CURRENT ASSETS | $33.6B |
| PP&E (Net) | $4.5B |
| Goodwill | $163M |
| Intangible Assets | $33M |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $9.1B |
| TOTAL ASSETS | $42.7B |
| Account Payables | $8.1B |
| Short-Term Debt | $4.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.6B |
| TOTAL CURRENT LIABILITIES | $28.6B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $947M |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $35.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $5.8B |
| Treasury Stock | -$312M |
| Accum. Other Comp. Income | -$520M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $42.7B |
| Total Debt | $11.4B |
| Net Debt | $7.7B |
