| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.7B | $12.0B | $11.2B | -2.4% | 5.1% |
| Op. Income | $3.7B | $5.2B | $5.3B | -29.2% | -30.0% |
| Gross Margin | 76.1% | 83.3% | 84.1% | -7.2pp | -8.0pp |
| Net Margin | 26.7% | 34.5% | 38.3% | -7.8pp | -11.6pp |
| EPS (Diluted) | $0.70 | $0.93 | $0.96 | -24.5% | -26.5% |
| Free Cash Flow | $4.8B | $3.8B | $4.9B | 25.2% | -2.1% |
| Item | Amount |
|---|---|
| REVENUE | $11.7B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $8.9B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $2.5B |
| General & Administrative | $295M |
| SG&A Expenses | $2.8B |
| Other Expenses | $18M |
| Operating Expenses | $5.2B |
| Cost & Expenses | $8.0B |
| OPERATING INCOME | $3.7B |
| Interest Income | $287M |
| Interest Expense | $0 |
| Other Income/Expenses | $287M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $863M |
| 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 | $1.2B |
| EBIT | $3.7B |
| EBITDA | $4.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $11.7B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $8.9B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $2.5B |
| General & Administrative | $295M |
| SG&A Expenses | $2.8B |
| Other Expenses | $18M |
| Operating Expenses | $5.2B |
| Cost & Expenses | $8.0B |
| OPERATING INCOME | $3.7B |
| Interest Income | $287M |
| Interest Expense | $0 |
| Other Income/Expenses | $287M |
| INCOME BEFORE TAX | $4.0B |
| Income Tax Expense | $863M |
| 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 | $1.2B |
| EBIT | $3.7B |
| EBITDA | $4.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.1B |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $863M |
| Other Non-Cash Items | $2.8B |
| Change in Working Capital | -$777M |
| OPERATING CASH FLOW | $7.2B |
| Capital Expenditure | -$2.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$280M |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | -$68M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.6B |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2.7B |
| FREE CASH FLOW | $4.8B |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.0B |
| Short-Term Investments | $78M |
| Net Receivables | $14.5B |
| Inventory | $7.4B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $28.5B |
| PP&E (Net) | $30.3B |
| Goodwill | $0 |
| Intangible Assets | $16.7B |
| Long-Term Investments | $427M |
| Tax Assets | $3.6B |
| Other Non-Current Assets | $795M |
| TOTAL NON-CURRENT ASSETS | $51.8B |
| TOTAL ASSETS | $80.3B |
| Account Payables | $3.7B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27.6B |
| TOTAL CURRENT LIABILITIES | $36.7B |
| Long-Term Debt | $14.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $16.9B |
| TOTAL LIABILITIES | $53.6B |
| Common Stock | $70M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $26.4B |
| Treasury Stock | -$313.3K |
| Accum. Other Comp. Income | $145M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $26.6B |
| TOTAL LIABILITIES & EQUITY | $80.3B |
| Total Debt | $15.9B |
| Net Debt | $10.8B |
