| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.5B | $2.6B | 9.4% | 5.2% |
| Op. Income | $692M | $582M | $644M | 18.9% | 7.5% |
| Gross Margin | 51.1% | 51.4% | 51.0% | -0.3pp | 0.2pp |
| Net Margin | 18.6% | 17.0% | 16.9% | 1.5pp | 1.7pp |
| EPS (Diluted) | $3.04 | $2.53 | $2.60 | 20.2% | 16.9% |
| Free Cash Flow | $225M | $473M | $112M | -52.4% | 100.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $231M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $450M |
| Other Expenses | $40M |
| Operating Expenses | $721M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $692M |
| Interest Income | $16M |
| Interest Expense | $71M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $680M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $515M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $513M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $513M |
| D&A | $86M |
| EBIT | $751M |
| EBITDA | $837M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $231M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $450M |
| Other Expenses | $40M |
| Operating Expenses | $721M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $692M |
| Interest Income | $16M |
| Interest Expense | $71M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $680M |
| Income Tax Expense | $165M |
| Net Income from Continuing Ops | $515M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $513M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $513M |
| D&A | $86M |
| EBIT | $751M |
| EBITDA | $837M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $515M |
| Depreciation & Amortization | $86M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | -$390M |
| OPERATING CASH FLOW | $273M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | $1.7B |
| Common Stock Repurchased | -$255M |
| Common Dividends Paid | -$182M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $225M |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $0 |
| Net Receivables | $3.3B |
| Inventory | $861M |
| Other Current Assets | $343M |
| TOTAL CURRENT ASSETS | $7.7B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.8B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $180M |
| Tax Assets | $1.2B |
| Other Non-Current Assets | $427M |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $16.4B |
| Account Payables | $1.1B |
| Short-Term Debt | $70M |
| Deferred Revenue | $2.0B |
| Other Current Liabilities | $394M |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $7.7B |
| Deferred Revenue NC | $616M |
| Deferred Tax Liabilities | $91M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $10.0B |
| TOTAL LIABILITIES | $14.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $16M |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $16.4B |
| Total Debt | $8.3B |
| Net Debt | $5.1B |
