| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.7B | $7.8B | $4.7B | 12.4% | 84.3% |
| Op. Income | $2.2B | $1.5B | -$1.1B | 42.8% | 292.7% |
| Gross Margin | 38.4% | 35.3% | -0.7% | 3.1pp | 39.2pp |
| Net Margin | 21.5% | 11.4% | -26.1% | 10.0pp | 47.6pp |
| EPS (Diluted) | $1.67 | $0.79 | $-1.12 | 111.4% | 249.1% |
| Free Cash Flow | $38M | $285M | -$395M | -86.7% | 109.6% |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $906M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $288M |
| Other Expenses | -$20M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $2.2B |
| Interest Income | $107M |
| Interest Expense | $118M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $283M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $2.0B |
| EBIT | $2.2B |
| EBITDA | $4.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.7B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $906M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $288M |
| Other Expenses | -$20M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $2.2B |
| Interest Income | $107M |
| Interest Expense | $118M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $283M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $2.0B |
| EBIT | $2.2B |
| EBITDA | $4.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $2.0B |
| Stock-Based Compensation | $220M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $173M |
| Change in Working Capital | -$1.0B |
| OPERATING CASH FLOW | $3.2B |
| Capital Expenditure | -$3.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$377M |
| Sales/Maturities of Investments | $428M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$3.1B |
| Net Debt Issuance | -$84M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$131M |
| Other Financing Activities | -$207M |
| NET CASH FROM FINANCING | -$422M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | -$355M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.7B |
| Short-Term Investments | $895M |
| Net Receivables | $7.4B |
| Inventory | $8.7B |
| Other Current Assets | $777M |
| TOTAL CURRENT ASSETS | $24.5B |
| PP&E (Net) | $42.1B |
| Goodwill | $1.1B |
| Intangible Assets | $419M |
| Long-Term Investments | $1.2B |
| Tax Assets | $474M |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $47.0B |
| TOTAL ASSETS | $71.5B |
| Account Payables | $2.5B |
| Short-Term Debt | $106M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $9.0B |
| Long-Term Debt | $11.2B |
| Deferred Revenue NC | $570M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $15.6B |
| TOTAL LIABILITIES | $24.7B |
| Common Stock | $126M |
| Additional Paid-In Capital | $12.3B |
| Retained Earnings | $42.4B |
| Treasury Stock | -$7.9B |
| Accum. Other Comp. Income | -$221M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $46.8B |
| TOTAL LIABILITIES & EQUITY | $71.5B |
| Total Debt | $14.4B |
| Net Debt | $7.7B |
