| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23.5B | $21.0B | $23.4B | 11.6% | 0.5% |
| Op. Income | $7.7B | $5.5B | $8.8B | 41.3% | -12.2% |
| Gross Margin | 47.8% | 47.6% | 51.4% | 0.2pp | -3.6pp |
| Net Margin | 25.7% | 22.5% | 25.1% | 3.2pp | 0.5pp |
| EPS (Diluted) | $0.94 | $0.72 | $0.92 | 30.6% | 2.2% |
| Free Cash Flow | $5.0B | $3.4B | $6.9B | 44.2% | -27.6% |
| Item | Amount |
|---|---|
| REVENUE | $23.5B |
| Cost of Revenue | $12.3B |
| GROSS PROFIT | $11.2B |
| R&D Expenses | $233M |
| Selling & Marketing | $0 |
| General & Administrative | $2.3B |
| SG&A Expenses | $2.3B |
| Other Expenses | $922M |
| Operating Expenses | $3.5B |
| Cost & Expenses | $15.7B |
| OPERATING INCOME | $7.7B |
| Interest Income | $316M |
| Interest Expense | $783M |
| Other Income/Expenses | $551M |
| INCOME BEFORE TAX | $8.3B |
| Income Tax Expense | $2.2B |
| Net Income from Continuing Ops | $6.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.0B |
| D&A | $4.1B |
| EBIT | $9.4B |
| EBITDA | $13.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $23.5B |
| Cost of Revenue | $12.3B |
| GROSS PROFIT | $11.2B |
| R&D Expenses | $233M |
| Selling & Marketing | $0 |
| General & Administrative | $2.3B |
| SG&A Expenses | $2.3B |
| Other Expenses | $922M |
| Operating Expenses | $3.5B |
| Cost & Expenses | $15.7B |
| OPERATING INCOME | $7.7B |
| Interest Income | $316M |
| Interest Expense | $783M |
| Other Income/Expenses | $551M |
| INCOME BEFORE TAX | $8.3B |
| Income Tax Expense | $2.2B |
| Net Income from Continuing Ops | $6.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6.0B |
| D&A | $4.1B |
| EBIT | $9.4B |
| EBITDA | $13.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $6.1B |
| Depreciation & Amortization | $605M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2.2B |
| Other Non-Cash Items | $2.8B |
| Change in Working Capital | -$1.8B |
| OPERATING CASH FLOW | $9.9B |
| Capital Expenditure | -$4.9B |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $124M |
| NET CASH FROM INVESTING | -$4.8B |
| Net Debt Issuance | -$521M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.0B |
| Other Financing Activities | -$667M |
| NET CASH FROM FINANCING | -$3.2B |
| FREE CASH FLOW | $5.0B |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.0B |
| Short-Term Investments | $2.7B |
| Net Receivables | $6.0B |
| Inventory | $8.7B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $28.1B |
| PP&E (Net) | $171.6B |
| Goodwill | $22M |
| Intangible Assets | $2.5B |
| Long-Term Investments | $847M |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $23.9B |
| TOTAL NON-CURRENT ASSETS | $199.8B |
| TOTAL ASSETS | $227.9B |
| Account Payables | $6.8B |
| Short-Term Debt | $2.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.1B |
| TOTAL CURRENT LIABILITIES | $34.3B |
| Long-Term Debt | $25.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9.2B |
| Other Non-Current Liabilities | $45.8B |
| TOTAL NON-CURRENT LIABILITIES | $113.7B |
| TOTAL LIABILITIES | $148.0B |
| Common Stock | $107.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $13.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79.5B |
| Minority Interest | $381M |
| TOTAL EQUITY | $79.9B |
| TOTAL LIABILITIES & EQUITY | $227.9B |
| Total Debt | $70.7B |
| Net Debt | $61.7B |
