| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76.4B | $70.1B | $64.7B | 9.1% | 18.1% |
| Op. Income | $34.3B | $32.0B | $27.9B | 7.3% | 22.9% |
| Gross Margin | 68.6% | 68.7% | 69.6% | -0.1pp | -1.0pp |
| Net Margin | 35.6% | 36.9% | 34.0% | -1.2pp | 1.6pp |
| EPS (Diluted) | $3.65 | $3.46 | $2.95 | 5.5% | 23.7% |
| Free Cash Flow | $25.6B | $20.3B | $23.3B | 26.0% | 9.6% |
| Item | Amount |
|---|---|
| REVENUE | $76.4B |
| Cost of Revenue | $24.0B |
| GROSS PROFIT | $52.4B |
| R&D Expenses | $8.8B |
| Selling & Marketing | $7.3B |
| General & Administrative | $2.0B |
| SG&A Expenses | $9.3B |
| Other Expenses | $0 |
| Operating Expenses | $18.1B |
| Cost & Expenses | $42.1B |
| OPERATING INCOME | $34.3B |
| Interest Income | $769M |
| Interest Expense | $615M |
| Other Income/Expenses | -$1.7B |
| INCOME BEFORE TAX | $32.6B |
| Income Tax Expense | $5.4B |
| Net Income from Continuing Ops | $27.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27.2B |
| D&A | $11.2B |
| EBIT | $33.2B |
| EBITDA | $44.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $76.4B |
| Cost of Revenue | $24.0B |
| GROSS PROFIT | $52.4B |
| R&D Expenses | $8.8B |
| Selling & Marketing | $7.3B |
| General & Administrative | $2.0B |
| SG&A Expenses | $9.3B |
| Other Expenses | $0 |
| Operating Expenses | $18.1B |
| Cost & Expenses | $42.1B |
| OPERATING INCOME | $34.3B |
| Interest Income | $769M |
| Interest Expense | $615M |
| Other Income/Expenses | -$1.7B |
| INCOME BEFORE TAX | $32.6B |
| Income Tax Expense | $5.4B |
| Net Income from Continuing Ops | $27.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27.2B |
| D&A | $11.2B |
| EBIT | $33.2B |
| EBITDA | $44.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $27.2B |
| Depreciation & Amortization | $11.2B |
| Stock-Based Compensation | $3.1B |
| Deferred Income Tax | -$2.2B |
| Other Non-Cash Items | $56M |
| Change in Working Capital | $3.3B |
| OPERATING CASH FLOW | $42.6B |
| Capital Expenditure | -$17.1B |
| Acquisitions (Net) | -$1.7B |
| Purchases of Investments | -$21.6B |
| Sales/Maturities of Investments | $7.2B |
| Other Investing Activities | $2.6B |
| NET CASH FROM INVESTING | -$30.6B |
| Net Debt Issuance | $9.0B |
| Common Stock Repurchased | -$4.5B |
| Common Dividends Paid | -$6.2B |
| Other Financing Activities | -$9.6B |
| NET CASH FROM FINANCING | -$10.8B |
| FREE CASH FLOW | $25.6B |
| Net Change in Cash | $1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30.2B |
| Short-Term Investments | $64.3B |
| Net Receivables | $69.9B |
| Inventory | $938M |
| Other Current Assets | $25.7B |
| TOTAL CURRENT ASSETS | $191.1B |
| PP&E (Net) | $229.8B |
| Goodwill | $119.5B |
| Intangible Assets | $22.6B |
| Long-Term Investments | $15.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $40.8B |
| TOTAL NON-CURRENT ASSETS | $427.9B |
| TOTAL ASSETS | $619.0B |
| Account Payables | $27.7B |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $64.6B |
| Other Current Liabilities | $30.1B |
| TOTAL CURRENT LIABILITIES | $141.2B |
| Long-Term Debt | $40.2B |
| Deferred Revenue NC | $2.7B |
| Deferred Tax Liabilities | $2.8B |
| Other Non-Current Liabilities | $28.2B |
| TOTAL NON-CURRENT LIABILITIES | $134.3B |
| TOTAL LIABILITIES | $275.5B |
| Common Stock | $109.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $237.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $343.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $343.5B |
| TOTAL LIABILITIES & EQUITY | $619.0B |
| Total Debt | $112.2B |
| Net Debt | $81.9B |
