| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.4B | $17.3B | $15.6B | -5.1% | 5.0% |
| Op. Income | $8.7B | $6.6B | $4.3B | 33.3% | 100.9% |
| Gross Margin | 92.7% | 77.7% | 75.5% | 15.0pp | 17.2pp |
| Net Margin | 18.1% | 33.5% | 24.0% | -15.4pp | -5.9pp |
| EPS (Diluted) | $1.19 | $2.32 | $1.48 | -48.7% | -19.6% |
| Free Cash Flow | $1.8B | $6.8B | $2.5B | -73.3% | -27.4% |
| Item | Amount |
|---|---|
| REVENUE | $16.4B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $15.2B |
| R&D Expenses | $3.7B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $6.5B |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $8.7B |
| Interest Income | $343M |
| Interest Expense | $0 |
| Other Income/Expenses | -$5.3B |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $458M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $921M |
| EBIT | $3.4B |
| EBITDA | $4.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $16.4B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $15.2B |
| R&D Expenses | $3.7B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $6.5B |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $8.7B |
| Interest Income | $343M |
| Interest Expense | $0 |
| Other Income/Expenses | -$5.3B |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $458M |
| Net Income from Continuing Ops | $3.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $921M |
| EBIT | $3.4B |
| EBITDA | $4.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.0B |
| Depreciation & Amortization | $2.5B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$825M |
| Other Non-Cash Items | $572M |
| Change in Working Capital | -$2.3B |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | -$10.0B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | -$172M |
| NET CASH FROM INVESTING | -$11.2B |
| Net Debt Issuance | $7.9B |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$2.0B |
| Other Financing Activities | $121M |
| NET CASH FROM FINANCING | $4.8B |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | -$3.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.6B |
| Short-Term Investments | $0 |
| Net Receivables | $12.7B |
| Inventory | $6.7B |
| Other Current Assets | $9.5B |
| TOTAL CURRENT ASSETS | $43.5B |
| PP&E (Net) | $26.8B |
| Goodwill | $21.6B |
| Intangible Assets | $26.7B |
| Long-Term Investments | $2.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $16.0B |
| TOTAL NON-CURRENT ASSETS | $93.3B |
| TOTAL ASSETS | $136.9B |
| Account Payables | $4.4B |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.1B |
| TOTAL CURRENT LIABILITIES | $28.3B |
| Long-Term Debt | $46.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $6.8B |
| TOTAL NON-CURRENT LIABILITIES | $55.9B |
| TOTAL LIABILITIES | $84.2B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $45.0B |
| Retained Earnings | $73.1B |
| Treasury Stock | -$63.0B |
| Accum. Other Comp. Income | -$4.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $52.6B |
| Minority Interest | $56M |
| TOTAL EQUITY | $52.7B |
| TOTAL LIABILITIES & EQUITY | $136.9B |
| Total Debt | $50.5B |
| Net Debt | $36.0B |
