| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.1B | $6.5B | $6.0B | -5.9% | 2.0% |
| Op. Income | $794M | $1.6B | $1.1B | -50.7% | -27.4% |
| Gross Margin | 33.6% | 41.8% | 37.8% | -8.3pp | -4.2pp |
| Net Margin | 9.4% | 12.8% | 12.1% | -3.4pp | -2.7pp |
| EPS (Diluted) | $1.07 | $1.55 | $1.33 | -31.0% | -19.5% |
| Free Cash Flow | $1.3B | $1.5B | $1.5B | -13.2% | -12.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $299M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $965M |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $794M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $758M |
| Income Tax Expense | $185M |
| Net Income from Continuing Ops | $573M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $577M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $577M |
| D&A | $0 |
| EBIT | $758M |
| EBITDA | $758M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.1B |
| Cost of Revenue | $4.1B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $299M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $965M |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $794M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $758M |
| Income Tax Expense | $185M |
| Net Income from Continuing Ops | $573M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $577M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $577M |
| D&A | $0 |
| EBIT | $758M |
| EBITDA | $758M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $577M |
| Depreciation & Amortization | $430M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $120M |
| Other Non-Cash Items | $3.0B |
| Change in Working Capital | -$2.6B |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$248M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$405M |
| NET CASH FROM INVESTING | -$405M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | -$387M |
| Other Financing Activities | $1.6B |
| NET CASH FROM FINANCING | -$617M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $564M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $698M |
| Net Receivables | $3.5B |
| Inventory | $3.7B |
| Other Current Assets | $2.9B |
| TOTAL CURRENT ASSETS | $16.4B |
| PP&E (Net) | $7.6B |
| Goodwill | $0 |
| Intangible Assets | $7.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $21.3B |
| TOTAL ASSETS | $37.7B |
| Account Payables | $2.7B |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $9.6B |
| Long-Term Debt | $10.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.5B |
| TOTAL NON-CURRENT LIABILITIES | $23.4B |
| TOTAL LIABILITIES | $33.0B |
| Common Stock | $9M |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | $38.3B |
| Treasury Stock | -$35.9B |
| Accum. Other Comp. Income | -$5.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $45M |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $37.7B |
| Total Debt | $12.9B |
| Net Debt | $7.7B |
