| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68.1B | $57.0B | $39.3B | 19.5% | 73.2% |
| Op. Income | $44.3B | $36.0B | $24.0B | 23.0% | 84.3% |
| Gross Margin | 75.0% | 73.4% | 73.0% | 1.6pp | 2.0pp |
| Net Margin | 63.1% | 56.0% | 56.2% | 7.1pp | 6.9pp |
| EPS (Diluted) | $1.76 | $1.30 | $0.89 | 35.4% | 97.8% |
| Free Cash Flow | $34.9B | $22.1B | $15.6B | 57.8% | 124.4% |
| Item | Amount |
|---|---|
| REVENUE | $68.1B |
| Cost of Revenue | $17.0B |
| GROSS PROFIT | $51.1B |
| R&D Expenses | $5.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $6.8B |
| Cost & Expenses | $23.8B |
| OPERATING INCOME | $44.3B |
| Interest Income | $568M |
| Interest Expense | $73M |
| Other Income/Expenses | $6.1B |
| INCOME BEFORE TAX | $50.4B |
| Income Tax Expense | $7.4B |
| Net Income from Continuing Ops | $43.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43.0B |
| D&A | $812M |
| EBIT | $50.5B |
| EBITDA | $51.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $68.1B |
| Cost of Revenue | $17.0B |
| GROSS PROFIT | $51.1B |
| R&D Expenses | $5.5B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $6.8B |
| Cost & Expenses | $23.8B |
| OPERATING INCOME | $44.3B |
| Interest Income | $568M |
| Interest Expense | $73M |
| Other Income/Expenses | $6.1B |
| INCOME BEFORE TAX | $50.4B |
| Income Tax Expense | $7.4B |
| Net Income from Continuing Ops | $43.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43.0B |
| D&A | $812M |
| EBIT | $50.5B |
| EBITDA | $51.3B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $43.0B |
| Depreciation & Amortization | $812M |
| Stock-Based Compensation | $1.6B |
| Deferred Income Tax | $611M |
| Other Non-Cash Items | $6.1B |
| Change in Working Capital | -$15.9B |
| OPERATING CASH FLOW | $36.2B |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | -$165M |
| Purchases of Investments | -$33.3B |
| Sales/Maturities of Investments | $16.9B |
| Other Investing Activities | -$13.0B |
| NET CASH FROM INVESTING | -$30.9B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.8B |
| Common Dividends Paid | -$242M |
| Other Financing Activities | -$2.2B |
| NET CASH FROM FINANCING | -$6.2B |
| FREE CASH FLOW | $34.9B |
| Net Change in Cash | -$881M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.6B |
| Short-Term Investments | $52.0B |
| Net Receivables | $38.5B |
| Inventory | $21.4B |
| Other Current Assets | $3.2B |
| TOTAL CURRENT ASSETS | $125.6B |
| PP&E (Net) | $13.3B |
| Goodwill | $20.8B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $22.3B |
| Tax Assets | $13.3B |
| Other Non-Current Assets | $8.3B |
| TOTAL NON-CURRENT ASSETS | $81.2B |
| TOTAL ASSETS | $206.8B |
| Account Payables | $9.8B |
| Short-Term Debt | $999M |
| Deferred Revenue | $1.4B |
| Other Current Liabilities | $7.7B |
| TOTAL CURRENT LIABILITIES | $32.2B |
| Long-Term Debt | $7.5B |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $4.3B |
| TOTAL NON-CURRENT LIABILITIES | $17.3B |
| TOTAL LIABILITIES | $49.5B |
| Common Stock | $24M |
| Additional Paid-In Capital | $10.1B |
| Retained Earnings | $147.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $178M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $157.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $157.3B |
| TOTAL LIABILITIES & EQUITY | $206.8B |
| Total Debt | $11.4B |
| Net Debt | $807M |
