| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.0B | $6.3B | 6.6% | 1.4% |
| Op. Income | $1.1B | $1.2B | $1.3B | -9.5% | -13.7% |
| Gross Margin | 41.8% | 40.9% | 42.5% | 0.8pp | -0.7pp |
| Net Margin | 11.4% | 18.7% | 18.3% | -7.3pp | -6.9pp |
| EPS (Diluted) | $1.34 | $2.04 | $2.06 | -34.3% | -35.0% |
| Free Cash Flow | -$1.2B | -$315M | $752M | -268.9% | -254.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $288M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $1.1B |
| Interest Income | $50M |
| Interest Expense | $235M |
| Other Income/Expenses | -$132M |
| INCOME BEFORE TAX | $970M |
| Income Tax Expense | $245M |
| Net Income from Continuing Ops | $725M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $723M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $723M |
| D&A | $290M |
| EBIT | $1.2B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $288M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.2B |
| OPERATING INCOME | $1.1B |
| Interest Income | $50M |
| Interest Expense | $235M |
| Other Income/Expenses | -$132M |
| INCOME BEFORE TAX | $970M |
| Income Tax Expense | $245M |
| Net Income from Continuing Ops | $725M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $723M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $723M |
| D&A | $290M |
| EBIT | $1.2B |
| EBITDA | $1.4B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $725M |
| Depreciation & Amortization | $290M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | $67M |
| Other Non-Cash Items | -$1.7B |
| Change in Working Capital | -$425M |
| OPERATING CASH FLOW | -$954M |
| Capital Expenditure | -$208M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$263M |
| Sales/Maturities of Investments | $533M |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | $70M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | -$953M |
| Common Dividends Paid | -$390M |
| Other Financing Activities | $74M |
| NET CASH FROM FINANCING | -$1.8B |
| FREE CASH FLOW | -$1.2B |
| Net Change in Cash | -$2.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $502M |
| Net Receivables | $3.8B |
| Inventory | $4.1B |
| Other Current Assets | $734M |
| TOTAL CURRENT ASSETS | $13.4B |
| PP&E (Net) | $8.0B |
| Goodwill | $6.4B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.0B |
| TOTAL NON-CURRENT ASSETS | $24.6B |
| TOTAL ASSETS | $38.0B |
| Account Payables | $2.8B |
| Short-Term Debt | $669M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $7.8B |
| Long-Term Debt | $12.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13.0B |
| TOTAL NON-CURRENT LIABILITIES | $25.8B |
| TOTAL LIABILITIES | $33.6B |
| Common Stock | $9M |
| Additional Paid-In Capital | $7.3B |
| Retained Earnings | $37.7B |
| Treasury Stock | -$35.5B |
| Accum. Other Comp. Income | -$5.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $61M |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $38.0B |
| Total Debt | $13.7B |
| Net Debt | $10.0B |
