| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $1.9B | $1.9B | 13.9% | 11.1% |
| Op. Income | $632M | $570M | $527M | 10.9% | 19.8% |
| Gross Margin | 55.7% | 56.5% | 53.6% | -0.8pp | 2.1pp |
| Net Margin | 23.1% | 23.9% | 22.4% | -0.7pp | 0.8pp |
| EPS (Diluted) | $0.50 | $0.45 | $0.41 | 11.1% | 22.0% |
| Free Cash Flow | $435M | $479M | $379M | -9.2% | 14.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $935M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $545M |
| Operating Expenses | $545M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $632M |
| Interest Income | $18M |
| Interest Expense | $2M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $647M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $489M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $489M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $489M |
| D&A | $28M |
| EBIT | $632M |
| EBITDA | $659M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $935M |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $545M |
| Operating Expenses | $545M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $632M |
| Interest Income | $18M |
| Interest Expense | $2M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $647M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $489M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $489M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $489M |
| D&A | $28M |
| EBIT | $632M |
| EBITDA | $659M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $489M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $511.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$86M |
| OPERATING CASH FLOW | $466M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$283M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$327M |
| Net Debt Issuance | -$203M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$163M |
| FREE CASH FLOW | $435M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $145M |
| Net Receivables | $1.5B |
| Inventory | $658M |
| Other Current Assets | $137M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.3B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $138M |
| Tax Assets | $185M |
| Other Non-Current Assets | $136M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $489M |
| Short-Term Debt | $0 |
| Deferred Revenue | $49M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $170M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $110M |
| TOTAL NON-CURRENT LIABILITIES | $280M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | $8.4B |
| Treasury Stock | -$6.4B |
| Accum. Other Comp. Income | -$91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $0 |
| Net Debt | -$1.9B |
