| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.3B | $8.1B | $6.8B | 15.5% | 36.6% |
| Op. Income | $2.2B | $1.8B | $719M | 22.3% | 201.7% |
| Gross Margin | 37.7% | 36.8% | 26.9% | 0.9pp | 10.8pp |
| Net Margin | 20.3% | 19.7% | 4.9% | 0.6pp | 15.4pp |
| EPS (Diluted) | $1.68 | $1.41 | $0.30 | 19.1% | 460.0% |
| Free Cash Flow | $1.7B | $7.1B | $396M | -76.6% | 322.0% |
| Item | Amount |
|---|---|
| REVENUE | $9.3B |
| Cost of Revenue | $5.8B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $965M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $318M |
| Other Expenses | $56M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $7.1B |
| OPERATING INCOME | $2.2B |
| Interest Income | $135M |
| Interest Expense | $123M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $7M |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $2.1B |
| EBIT | $2.2B |
| EBITDA | $4.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.3B |
| Cost of Revenue | $5.8B |
| GROSS PROFIT | $3.5B |
| R&D Expenses | $965M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $318M |
| Other Expenses | $56M |
| Operating Expenses | $1.3B |
| Cost & Expenses | $7.1B |
| OPERATING INCOME | $2.2B |
| Interest Income | $135M |
| Interest Expense | $123M |
| Other Income/Expenses | -$56M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $235M |
| Net Income from Continuing Ops | $1.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $7M |
| NET INCOME | $1.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.9B |
| D&A | $2.1B |
| EBIT | $2.2B |
| EBITDA | $4.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.9B |
| Depreciation & Amortization | $2.1B |
| Stock-Based Compensation | $253M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $377M |
| OPERATING CASH FLOW | $4.6B |
| Capital Expenditure | -$2.9B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$387M |
| Sales/Maturities of Investments | $375M |
| Other Investing Activities | $361M |
| NET CASH FROM INVESTING | -$2.6B |
| Net Debt Issuance | $770M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$131M |
| Other Financing Activities | -$99M |
| NET CASH FROM FINANCING | $540M |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $2.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.2B |
| Short-Term Investments | $648M |
| Net Receivables | $7.4B |
| Inventory | $8.7B |
| Other Current Assets | $945M |
| TOTAL CURRENT ASSETS | $27.9B |
| PP&E (Net) | $45.4B |
| Goodwill | $1.1B |
| Intangible Assets | $426M |
| Long-Term Investments | $1.4B |
| Tax Assets | $483M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $50.5B |
| TOTAL ASSETS | $78.4B |
| Account Payables | $2.8B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $836M |
| TOTAL CURRENT LIABILITIES | $10.1B |
| Long-Term Debt | $12.4B |
| Deferred Revenue NC | $603M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $17.5B |
| TOTAL LIABILITIES | $27.6B |
| Common Stock | $126M |
| Additional Paid-In Capital | $13.0B |
| Retained Earnings | $45.6B |
| Treasury Stock | -$7.9B |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $50.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $50.7B |
| TOTAL LIABILITIES & EQUITY | $78.4B |
| Total Debt | $16.1B |
| Net Debt | $6.0B |
