| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39.3B | $35.1B | $22.1B | 12.1% | 77.9% |
| Op. Income | $24.0B | $21.9B | $13.6B | 9.9% | 76.5% |
| Gross Margin | 73.0% | 74.6% | 76.0% | -1.5pp | -2.9pp |
| Net Margin | 56.2% | 55.0% | 55.6% | 1.1pp | 0.6pp |
| EPS (Diluted) | $0.89 | $0.78 | $0.49 | 14.1% | 81.6% |
| Free Cash Flow | $15.6B | $16.8B | $11.2B | -7.5% | 38.3% |
| Item | Amount |
|---|---|
| REVENUE | $39.3B |
| Cost of Revenue | $10.6B |
| GROSS PROFIT | $28.7B |
| R&D Expenses | $3.7B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $975M |
| Other Expenses | $0 |
| Operating Expenses | $4.7B |
| Cost & Expenses | $15.3B |
| OPERATING INCOME | $24.0B |
| Interest Income | $511M |
| Interest Expense | $61M |
| Other Income/Expenses | $1.2B |
| INCOME BEFORE TAX | $25.2B |
| Income Tax Expense | $3.1B |
| Net Income from Continuing Ops | $22.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22.1B |
| D&A | $543M |
| EBIT | $25.3B |
| EBITDA | $25.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $39.3B |
| Cost of Revenue | $10.6B |
| GROSS PROFIT | $28.7B |
| R&D Expenses | $3.7B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $975M |
| Other Expenses | $0 |
| Operating Expenses | $4.7B |
| Cost & Expenses | $15.3B |
| OPERATING INCOME | $24.0B |
| Interest Income | $511M |
| Interest Expense | $61M |
| Other Income/Expenses | $1.2B |
| INCOME BEFORE TAX | $25.2B |
| Income Tax Expense | $3.1B |
| Net Income from Continuing Ops | $22.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22.1B |
| D&A | $543M |
| EBIT | $25.3B |
| EBITDA | $25.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22.1B |
| Depreciation & Amortization | $543M |
| Stock-Based Compensation | $1.3B |
| Deferred Income Tax | -$598M |
| Other Non-Cash Items | -$865M |
| Change in Working Capital | -$5.9B |
| OPERATING CASH FLOW | $16.6B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | -$542M |
| Purchases of Investments | -$7.5B |
| Sales/Maturities of Investments | $1.9B |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | -$7.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7.8B |
| Common Dividends Paid | -$245M |
| Other Financing Activities | -$1.9B |
| NET CASH FROM FINANCING | -$9.9B |
| FREE CASH FLOW | $15.6B |
| Net Change in Cash | -$518M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.6B |
| Short-Term Investments | $34.6B |
| Net Receivables | $23.1B |
| Inventory | $10.1B |
| Other Current Assets | $3.8B |
| TOTAL CURRENT ASSETS | $80.1B |
| PP&E (Net) | $8.1B |
| Goodwill | $5.2B |
| Intangible Assets | $807M |
| Long-Term Investments | $3.4B |
| Tax Assets | $11.0B |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $31.5B |
| TOTAL ASSETS | $111.6B |
| Account Payables | $6.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $837M |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $18.0B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $976M |
| Deferred Tax Liabilities | $886M |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $14.2B |
| TOTAL LIABILITIES | $32.3B |
| Common Stock | $24M |
| Additional Paid-In Capital | $11.2B |
| Retained Earnings | $68.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $79.3B |
| TOTAL LIABILITIES & EQUITY | $111.6B |
| Total Debt | $10.3B |
| Net Debt | $1.7B |
