| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.3B | $15.8B | $16.7B | 9.3% | 3.7% |
| Op. Income | $6.6B | $5.6B | $4.0B | 18.0% | 64.5% |
| Gross Margin | 77.7% | 77.5% | 75.5% | 0.2pp | 2.2pp |
| Net Margin | 33.5% | 28.0% | 19.0% | 5.5pp | 14.5pp |
| EPS (Diluted) | $2.32 | $1.76 | $1.24 | 31.8% | 87.1% |
| Free Cash Flow | $6.8B | $2.5B | $8.5B | 170.3% | -19.7% |
| Item | Amount |
|---|---|
| REVENUE | $17.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $13.4B |
| R&D Expenses | $4.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $6.9B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $6.6B |
| Interest Income | $96M |
| Interest Expense | $327M |
| Other Income/Expenses | $191M |
| INCOME BEFORE TAX | $6.7B |
| Income Tax Expense | $958M |
| Net Income from Continuing Ops | $5.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.8B |
| D&A | $1.2B |
| EBIT | $7.1B |
| EBITDA | $8.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $17.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $13.4B |
| R&D Expenses | $4.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $6.9B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $6.6B |
| Interest Income | $96M |
| Interest Expense | $327M |
| Other Income/Expenses | $191M |
| INCOME BEFORE TAX | $6.7B |
| Income Tax Expense | $958M |
| Net Income from Continuing Ops | $5.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.8B |
| D&A | $1.2B |
| EBIT | $7.1B |
| EBITDA | $8.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $5.8B |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $204M |
| Deferred Income Tax | -$212M |
| Other Non-Cash Items | -$425M |
| Change in Working Capital | $1.3B |
| OPERATING CASH FLOW | $7.8B |
| Capital Expenditure | -$987M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$473M |
| Sales/Maturities of Investments | $575M |
| Other Investing Activities | $602M |
| NET CASH FROM INVESTING | -$283M |
| Net Debt Issuance | $6.0B |
| Common Stock Repurchased | $2.5B |
| Common Dividends Paid | -$2.0B |
| Other Financing Activities | -$3.8B |
| NET CASH FROM FINANCING | $2.6B |
| FREE CASH FLOW | $6.8B |
| Net Change in Cash | $10.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18.2B |
| Short-Term Investments | $45M |
| Net Receivables | $12.1B |
| Inventory | $6.4B |
| Other Current Assets | $10.8B |
| TOTAL CURRENT ASSETS | $47.6B |
| PP&E (Net) | $25.6B |
| Goodwill | $21.6B |
| Intangible Assets | $15.3B |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $18.3B |
| TOTAL NON-CURRENT ASSETS | $82.0B |
| TOTAL ASSETS | $129.5B |
| Account Payables | $4.1B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $28.6B |
| Long-Term Debt | $40.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $7.7B |
| TOTAL NON-CURRENT LIABILITIES | $49.0B |
| TOTAL LIABILITIES | $77.6B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $44.8B |
| Retained Earnings | $72.2B |
| Treasury Stock | -$61.8B |
| Accum. Other Comp. Income | -$5.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51.9B |
| Minority Interest | $57M |
| TOTAL EQUITY | $51.9B |
| TOTAL LIABILITIES & EQUITY | $129.5B |
| Total Debt | $41.4B |
| Net Debt | $23.2B |
