| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $988M | $973M | $896M | 1.5% | 10.3% |
| Op. Income | $138M | $135M | $128M | 2.2% | 7.8% |
| Gross Margin | 46.7% | 46.6% | 48.2% | 0.1pp | -1.6pp |
| Net Margin | 7.5% | 6.4% | 6.9% | 1.1pp | 0.6pp |
| EPS (Diluted) | $1.10 | $0.92 | $0.92 | 19.6% | 19.6% |
| Free Cash Flow | $146M | $136M | $108M | 7.4% | 35.2% |
| Item | Amount |
|---|---|
| REVENUE | $988M |
| Cost of Revenue | $527M |
| GROSS PROFIT | $461M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $180M |
| Other Expenses | $67M |
| Operating Expenses | $323M |
| Cost & Expenses | $850M |
| OPERATING INCOME | $138M |
| Interest Income | $3M |
| Interest Expense | $53M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $86M |
| EBIT | $137M |
| EBITDA | $223M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $988M |
| Cost of Revenue | $527M |
| GROSS PROFIT | $461M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $180M |
| Other Expenses | $67M |
| Operating Expenses | $323M |
| Cost & Expenses | $850M |
| OPERATING INCOME | $138M |
| Interest Income | $3M |
| Interest Expense | $53M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $86M |
| EBIT | $137M |
| EBITDA | $223M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $86M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$45M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $58M |
| OPERATING CASH FLOW | $197M |
| Capital Expenditure | -$51M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | -$113M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$128M |
| FREE CASH FLOW | $146M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $697M |
| Short-Term Investments | $0 |
| Net Receivables | $611M |
| Inventory | $934M |
| Other Current Assets | $294M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $1.0B |
| Goodwill | $2.6B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $438M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $8.8B |
| Account Payables | $382M |
| Short-Term Debt | $51M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $242M |
| TOTAL CURRENT LIABILITIES | $886M |
| Long-Term Debt | $4.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $788M |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $618M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$108M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $8.8B |
| Total Debt | $4.6B |
| Net Debt | $3.9B |
