| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.7B | -1.3% | -11.2% |
| Op. Income | $253M | $264M | $409M | -4.3% | -38.1% |
| Gross Margin | 34.9% | 37.9% | 45.2% | -2.9pp | -10.3pp |
| Net Margin | 11.9% | 16.4% | 22.1% | -4.6pp | -10.2pp |
| EPS (Diluted) | $0.45 | $0.63 | $0.88 | -28.6% | -48.9% |
| Free Cash Flow | $485M | $645M | $435M | -24.7% | 11.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $996M |
| GROSS PROFIT | $534M |
| R&D Expenses | $134M |
| Selling & Marketing | $62M |
| General & Administrative | $86M |
| SG&A Expenses | $148M |
| Other Expenses | $0 |
| Operating Expenses | $281M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $253M |
| Interest Income | $21M |
| Interest Expense | $17M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $215M |
| EBIT | $234M |
| EBITDA | $449M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $996M |
| GROSS PROFIT | $534M |
| R&D Expenses | $134M |
| Selling & Marketing | $62M |
| General & Administrative | $86M |
| SG&A Expenses | $148M |
| Other Expenses | $0 |
| Operating Expenses | $281M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $253M |
| Interest Income | $21M |
| Interest Expense | $17M |
| Other Income/Expenses | -$36M |
| INCOME BEFORE TAX | $217M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $182M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $182M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $182M |
| D&A | $215M |
| EBIT | $234M |
| EBITDA | $449M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $182M |
| Depreciation & Amortization | $215M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$81M |
| Other Non-Cash Items | $54M |
| Change in Working Capital | $185M |
| OPERATING CASH FLOW | $555M |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | $18M |
| Purchases of Investments | -$250M |
| Sales/Maturities of Investments | $250M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | -$376M |
| Common Stock Repurchased | -$450M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$824M |
| FREE CASH FLOW | $485M |
| Net Change in Cash | -$325M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $400M |
| Net Receivables | $955M |
| Inventory | $2.0B |
| Other Current Assets | $329M |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $3.4B |
| Goodwill | $1.7B |
| Intangible Assets | $344M |
| Long-Term Investments | $0 |
| Tax Assets | $929M |
| Other Non-Current Assets | $356M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $12.5B |
| Account Payables | $572M |
| Short-Term Debt | $34M |
| Deferred Revenue | $52M |
| Other Current Liabilities | $437M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $70M |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | -$300.0K |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $6M |
| Additional Paid-In Capital | $5.5B |
| Retained Earnings | $8.2B |
| Treasury Stock | -$6.1B |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.7B |
| Minority Interest | $19M |
| TOTAL EQUITY | $7.7B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $3.5B |
| Net Debt | $1.3B |
