| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59.9B | $51.2B | $48.4B | 16.9% | 23.8% |
| Op. Income | $24.7B | $20.5B | $23.4B | 20.5% | 5.9% |
| Gross Margin | 81.8% | 82.0% | 81.7% | -0.2pp | 0.1pp |
| Net Margin | 38.0% | 5.3% | 43.1% | 32.7pp | -5.1pp |
| EPS (Diluted) | $8.87 | $1.05 | $8.02 | 744.8% | 10.6% |
| Free Cash Flow | $14.8B | $11.2B | $13.6B | 32.8% | 9.3% |
| Item | Amount |
|---|---|
| REVENUE | $59.9B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $49.0B |
| R&D Expenses | $17.1B |
| Selling & Marketing | $3.4B |
| General & Administrative | $3.7B |
| SG&A Expenses | $7.1B |
| Other Expenses | $0 |
| Operating Expenses | $24.2B |
| Cost & Expenses | $35.1B |
| OPERATING INCOME | $24.7B |
| Interest Income | $1.2B |
| Interest Expense | $708M |
| Other Income/Expenses | $608M |
| INCOME BEFORE TAX | $25.4B |
| Income Tax Expense | $2.6B |
| Net Income from Continuing Ops | $22.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22.8B |
| D&A | $5.4B |
| EBIT | $26.1B |
| EBITDA | $31.5B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| REVENUE | $59.9B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $49.0B |
| R&D Expenses | $17.1B |
| Selling & Marketing | $3.4B |
| General & Administrative | $3.7B |
| SG&A Expenses | $7.1B |
| Other Expenses | $0 |
| Operating Expenses | $24.2B |
| Cost & Expenses | $35.1B |
| OPERATING INCOME | $24.7B |
| Interest Income | $1.2B |
| Interest Expense | $708M |
| Other Income/Expenses | $608M |
| INCOME BEFORE TAX | $25.4B |
| Income Tax Expense | $2.6B |
| Net Income from Continuing Ops | $22.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22.8B |
| D&A | $5.4B |
| EBIT | $26.1B |
| EBITDA | $31.5B |
| EPS | $9 |
| EPS Diluted | $9 |
| Item | Amount |
|---|---|
| Net Income | $22.8B |
| Depreciation & Amortization | $5.4B |
| Stock-Based Compensation | $5.9B |
| Deferred Income Tax | $1.0B |
| Other Non-Cash Items | -$553M |
| Change in Working Capital | $1.7B |
| OPERATING CASH FLOW | $36.2B |
| Capital Expenditure | -$21.4B |
| Acquisitions (Net) | -$3.4B |
| Purchases of Investments | -$14.7B |
| Sales/Maturities of Investments | $5.7B |
| Other Investing Activities | -$405M |
| NET CASH FROM INVESTING | -$34.2B |
| Net Debt Issuance | $29.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$2.7B |
| NET CASH FROM FINANCING | $25.1B |
| FREE CASH FLOW | $14.8B |
| Net Change in Cash | $27.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35.9B |
| Short-Term Investments | $45.7B |
| Net Receivables | $19.8B |
| Inventory | $0 |
| Other Current Assets | $7.4B |
| TOTAL CURRENT ASSETS | $108.7B |
| PP&E (Net) | $196.8B |
| Goodwill | $24.5B |
| Intangible Assets | $0 |
| Long-Term Investments | $27.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.4B |
| TOTAL NON-CURRENT ASSETS | $257.3B |
| TOTAL ASSETS | $366.0B |
| Account Payables | $8.9B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $41.8B |
| Long-Term Debt | $58.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21.0B |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $106.9B |
| TOTAL LIABILITIES | $148.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $95.8B |
| Retained Earnings | $121.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $271M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $217.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $217.2B |
| TOTAL LIABILITIES & EQUITY | $366.0B |
| Total Debt | $83.9B |
| Net Debt | $48.0B |
