| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.7B | $10.2B | $8.5B | 4.1% | 25.3% |
| Op. Income | $4.1B | $5.0B | $3.7B | -18.6% | 8.6% |
| Gross Margin | 84.9% | 84.8% | 85.5% | 0.1pp | -0.6pp |
| Net Margin | 29.5% | 38.9% | 35.8% | -9.4pp | -6.3pp |
| EPS (Diluted) | $0.70 | $0.89 | $0.68 | -21.0% | 3.9% |
| Free Cash Flow | $5.8B | $831M | $3.4B | 602.5% | 73.0% |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $9.1B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $2.3B |
| General & Administrative | $181M |
| SG&A Expenses | $2.5B |
| Other Expenses | -$63M |
| Operating Expenses | $5.0B |
| Cost & Expenses | $6.6B |
| OPERATING INCOME | $4.1B |
| Interest Income | $150M |
| Interest Expense | $245M |
| Other Income/Expenses | -$94M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $827M |
| 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 | $1.4B |
| EBIT | $4.2B |
| EBITDA | $5.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.7B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $9.1B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $2.3B |
| General & Administrative | $181M |
| SG&A Expenses | $2.5B |
| Other Expenses | -$63M |
| Operating Expenses | $5.0B |
| Cost & Expenses | $6.6B |
| OPERATING INCOME | $4.1B |
| Interest Income | $150M |
| Interest Expense | $245M |
| Other Income/Expenses | -$94M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $827M |
| 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 | $1.4B |
| EBIT | $4.2B |
| EBITDA | $5.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.1B |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $827M |
| Other Non-Cash Items | $1.0B |
| Change in Working Capital | $1.5B |
| OPERATING CASH FLOW | $7.9B |
| Capital Expenditure | -$2.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $476M |
| Other Investing Activities | -$538M |
| NET CASH FROM INVESTING | -$3.2B |
| Net Debt Issuance | $4.6B |
| Common Stock Repurchased | -$1.2B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$835M |
| NET CASH FROM FINANCING | $2.6B |
| FREE CASH FLOW | $5.8B |
| Net Change in Cash | $7.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $221M |
| Net Receivables | $1.5B |
| Inventory | $819M |
| Other Current Assets | $271M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $2.5B |
| Goodwill | $0 |
| Intangible Assets | $1.2B |
| Long-Term Investments | $37M |
| Tax Assets | $508M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $670M |
| Short-Term Debt | $123M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.3B |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $203M |
| Other Non-Current Liabilities | $187M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $10M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.5B |
| Treasury Stock | -$22.5K |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $1.3B |
| Net Debt | $95M |
