| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.1B | $11.5B | $10.2B | 4.7% | 17.6% |
| Op. Income | $3.0B | $3.2B | $2.3B | -9.0% | 30.1% |
| Gross Margin | 45.9% | 46.4% | 43.7% | -0.6pp | 2.2pp |
| Net Margin | 20.1% | 22.1% | 18.2% | -2.1pp | 1.8pp |
| EPS (Diluted) | $0.56 | $0.59 | $0.43 | -5.1% | 30.2% |
| Free Cash Flow | $1.9B | $2.7B | $1.4B | -29.6% | 35.8% |
| Item | Amount |
|---|---|
| REVENUE | $12.1B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $890M |
| Selling & Marketing | $1.1B |
| General & Administrative | $568M |
| SG&A Expenses | $1.7B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $3.0B |
| Interest Income | $45M |
| Interest Expense | $234M |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $349M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $4.9B |
| EBIT | $3.0B |
| EBITDA | $7.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.1B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $890M |
| Selling & Marketing | $1.1B |
| General & Administrative | $568M |
| SG&A Expenses | $1.7B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $3.0B |
| Interest Income | $45M |
| Interest Expense | $234M |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $349M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $4.9B |
| EBIT | $3.0B |
| EBITDA | $7.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $4.9B |
| Stock-Based Compensation | $135M |
| Deferred Income Tax | -$163M |
| Other Non-Cash Items | -$4.9B |
| Change in Working Capital | -$252M |
| OPERATING CASH FLOW | $2.1B |
| Capital Expenditure | -$239M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$257M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$74M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | -$252M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.0B |
| Short-Term Investments | $29M |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | $876M |
| TOTAL CURRENT ASSETS | $13.0B |
| PP&E (Net) | $2.0B |
| Goodwill | $0 |
| Intangible Assets | $32.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.8B |
| TOTAL NON-CURRENT ASSETS | $42.6B |
| TOTAL ASSETS | $55.6B |
| Account Payables | $901M |
| Short-Term Debt | $999M |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $4.1B |
| TOTAL CURRENT LIABILITIES | $11.0B |
| Long-Term Debt | $13.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.5B |
| TOTAL NON-CURRENT LIABILITIES | $18.0B |
| TOTAL LIABILITIES | $29.0B |
| Common Stock | $7.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $42.3B |
| Treasury Stock | -$22.4B |
| Accum. Other Comp. Income | -$580M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.6B |
| TOTAL LIABILITIES & EQUITY | $55.6B |
| Total Debt | $14.5B |
| Net Debt | $5.4B |
