| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.1B | $10.5B | $9.6B | 5.1% | 15.9% |
| Op. Income | $3.8B | $3.3B | $2.6B | 12.8% | 45.0% |
| Gross Margin | 51.9% | 50.1% | 45.9% | 1.9pp | 6.1pp |
| Net Margin | 28.2% | 27.4% | 22.5% | 0.8pp | 5.7pp |
| EPS (Diluted) | $0.72 | $0.66 | $0.49 | 9.1% | 46.9% |
| Free Cash Flow | $2.3B | $2.7B | $1.2B | -14.8% | 87.0% |
| Item | Amount |
|---|---|
| REVENUE | $11.1B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $825M |
| Selling & Marketing | $713M |
| General & Administrative | $441M |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.0B |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $3.8B |
| Interest Income | $40M |
| Interest Expense | $183M |
| Other Income/Expenses | -$143M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $506M |
| Net Income from Continuing Ops | $3.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.1B |
| D&A | $3.9B |
| EBIT | $3.8B |
| EBITDA | $7.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.1B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $5.8B |
| R&D Expenses | $825M |
| Selling & Marketing | $713M |
| General & Administrative | $441M |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.0B |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $3.8B |
| Interest Income | $40M |
| Interest Expense | $183M |
| Other Income/Expenses | -$143M |
| INCOME BEFORE TAX | $3.6B |
| Income Tax Expense | $506M |
| Net Income from Continuing Ops | $3.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.1B |
| D&A | $3.9B |
| EBIT | $3.8B |
| EBITDA | $7.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.1B |
| Depreciation & Amortization | $3.9B |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | -$136M |
| Other Non-Cash Items | -$3.9B |
| Change in Working Capital | -$685M |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$156M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $962M |
| Other Investing Activities | -$36M |
| NET CASH FROM INVESTING | $769M |
| Net Debt Issuance | -$1.0B |
| Common Stock Repurchased | -$1.7B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | $2.3B |
| Net Change in Cash | $977M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.2B |
| Short-Term Investments | $213M |
| Net Receivables | $1.6B |
| Inventory | $0 |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $12.0B |
| PP&E (Net) | $1.7B |
| Goodwill | $0 |
| Intangible Assets | $32.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.3B |
| TOTAL NON-CURRENT ASSETS | $41.1B |
| TOTAL ASSETS | $53.1B |
| Account Payables | $633M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $4.1B |
| TOTAL CURRENT LIABILITIES | $8.9B |
| Long-Term Debt | $14.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.8B |
| TOTAL NON-CURRENT LIABILITIES | $19.2B |
| TOTAL LIABILITIES | $28.1B |
| Common Stock | $6.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $37.3B |
| Treasury Stock | -$18.4B |
| Accum. Other Comp. Income | -$905M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.0B |
| TOTAL LIABILITIES & EQUITY | $53.1B |
| Total Debt | $14.5B |
| Net Debt | $6.3B |
