| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.6B | 5.4% | -0.8% |
| Op. Income | $326M | $325M | $386M | 0.3% | -15.5% |
| Gross Margin | 54.8% | 55.6% | 58.4% | -0.8pp | -3.6pp |
| Net Margin | 9.1% | 5.8% | 12.1% | 3.3pp | -3.0pp |
| EPS (Diluted) | $0.56 | $0.33 | $0.75 | 69.7% | -25.3% |
| Free Cash Flow | $181M | -$22M | $300M | 922.7% | -39.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $720M |
| GROSS PROFIT | $874M |
| R&D Expenses | $95M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $453M |
| Other Expenses | $0 |
| Operating Expenses | $548M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $326M |
| Interest Income | $0 |
| Interest Expense | $132M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $89M |
| EBIT | $360M |
| EBITDA | $449M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $720M |
| GROSS PROFIT | $874M |
| R&D Expenses | $95M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $453M |
| Other Expenses | $0 |
| Operating Expenses | $548M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $326M |
| Interest Income | $0 |
| Interest Expense | $132M |
| Other Income/Expenses | -$97M |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $89M |
| EBIT | $360M |
| EBITDA | $449M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $89M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $73M |
| Change in Working Capital | -$109M |
| OPERATING CASH FLOW | $220M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | -$201M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$223M |
| FREE CASH FLOW | $181M |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $599M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $1.5B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $1.3B |
| Goodwill | $4.7B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $8.9B |
| TOTAL ASSETS | $13.5B |
| Account Payables | $1.1B |
| Short-Term Debt | $115M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $8.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $69M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $10.0B |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $139M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$572M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $733M |
| Minority Interest | $0 |
| TOTAL EQUITY | $733M |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $8.9B |
| Net Debt | $8.3B |
