| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.0B | $12.2B | $10.7B | -1.6% | 12.9% |
| Op. Income | $5.2B | $6.1B | $4.1B | -13.8% | 29.0% |
| Gross Margin | 83.3% | 83.5% | 84.9% | -0.2pp | -1.6pp |
| Net Margin | 34.5% | 37.2% | 29.5% | -2.7pp | 5.0pp |
| EPS (Diluted) | $0.93 | $1.02 | $0.70 | -8.7% | 32.7% |
| Free Cash Flow | $3.8B | $1.6B | $5.8B | 145.0% | -34.2% |
| Item | Amount |
|---|---|
| REVENUE | $12.0B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $2.7B |
| General & Administrative | $206M |
| SG&A Expenses | $3.0B |
| Other Expenses | $4M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | $5.2B |
| Interest Income | $833M |
| Interest Expense | $777M |
| Other Income/Expenses | $56M |
| INCOME BEFORE TAX | $5.3B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $4.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.2B |
| D&A | $757M |
| EBIT | $6.1B |
| EBITDA | $6.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.0B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $2.7B |
| General & Administrative | $206M |
| SG&A Expenses | $3.0B |
| Other Expenses | $4M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $6.8B |
| OPERATING INCOME | $5.2B |
| Interest Income | $833M |
| Interest Expense | $777M |
| Other Income/Expenses | $56M |
| INCOME BEFORE TAX | $5.3B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $4.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.2B |
| D&A | $757M |
| EBIT | $6.1B |
| EBITDA | $6.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4.2B |
| Depreciation & Amortization | $757M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1.1B |
| Other Non-Cash Items | -$409M |
| Change in Working Capital | $745M |
| OPERATING CASH FLOW | $6.4B |
| Capital Expenditure | -$2.5B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$91M |
| Sales/Maturities of Investments | $409M |
| Other Investing Activities | -$253M |
| NET CASH FROM INVESTING | -$2.2B |
| Net Debt Issuance | -$3.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $27M |
| Other Financing Activities | -$4.2B |
| NET CASH FROM FINANCING | -$7.2B |
| FREE CASH FLOW | $3.8B |
| Net Change in Cash | -$3.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $78M |
| Net Receivables | $13.4B |
| Inventory | $7.2B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $25.5B |
| PP&E (Net) | $28.3B |
| Goodwill | $0 |
| Intangible Assets | $16.9B |
| Long-Term Investments | $413M |
| Tax Assets | $3.7B |
| Other Non-Current Assets | $695M |
| TOTAL NON-CURRENT ASSETS | $50.0B |
| TOTAL ASSETS | $75.5B |
| Account Payables | $4.4B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23.6B |
| TOTAL CURRENT LIABILITIES | $32.5B |
| Long-Term Debt | $13.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $16.7B |
| TOTAL LIABILITIES | $49.2B |
| Common Stock | $70M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $25.8B |
| Treasury Stock | -$313.3K |
| Accum. Other Comp. Income | $496M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.3B |
| TOTAL LIABILITIES & EQUITY | $75.5B |
| Total Debt | $15.6B |
| Net Debt | $12.7B |
