| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25.2B | $23.5B | — | 7.4% | — |
| Op. Income | $5.2B | $7.7B | — | -32.2% | — |
| Gross Margin | 46.1% | 47.8% | — | -1.6pp | — |
| Net Margin | 13.3% | 25.7% | — | -12.3pp | — |
| EPS (Diluted) | $0.52 | $0.94 | — | -44.7% | — |
| Free Cash Flow | $3.2B | $5.0B | — | -35.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $13.6B |
| GROSS PROFIT | $11.6B |
| R&D Expenses | $251M |
| Selling & Marketing | $4.4B |
| General & Administrative | $2.9B |
| SG&A Expenses | $7.3B |
| Other Expenses | -$1.1B |
| Operating Expenses | $6.4B |
| Cost & Expenses | $20.0B |
| OPERATING INCOME | $5.2B |
| Interest Income | -$356M |
| Interest Expense | -$2.1B |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $304M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $4.3B |
| EBIT | $749M |
| EBITDA | $5.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $25.2B |
| Cost of Revenue | $13.6B |
| GROSS PROFIT | $11.6B |
| R&D Expenses | $251M |
| Selling & Marketing | $4.4B |
| General & Administrative | $2.9B |
| SG&A Expenses | $7.3B |
| Other Expenses | -$1.1B |
| Operating Expenses | $6.4B |
| Cost & Expenses | $20.0B |
| OPERATING INCOME | $5.2B |
| Interest Income | -$356M |
| Interest Expense | -$2.1B |
| Other Income/Expenses | -$1.6B |
| INCOME BEFORE TAX | $3.7B |
| Income Tax Expense | $304M |
| Net Income from Continuing Ops | $3.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.4B |
| D&A | $4.3B |
| EBIT | $749M |
| EBITDA | $5.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.4B |
| Depreciation & Amortization | $4.3B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $304M |
| Other Non-Cash Items | $1.7B |
| Change in Working Capital | $63M |
| OPERATING CASH FLOW | $9.8B |
| Capital Expenditure | -$6.6B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $382M |
| NET CASH FROM INVESTING | -$6.5B |
| Net Debt Issuance | -$4.2B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.6B |
| Other Financing Activities | $318M |
| NET CASH FROM FINANCING | -$5.5B |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.5B |
| Short-Term Investments | $2.7B |
| Net Receivables | $6.7B |
| Inventory | $8.2B |
| Other Current Assets | $924M |
| TOTAL CURRENT ASSETS | $25.6B |
| PP&E (Net) | $168.8B |
| Goodwill | $22M |
| Intangible Assets | $2.5B |
| Long-Term Investments | $554M |
| Tax Assets | $1.0B |
| Other Non-Current Assets | $24.9B |
| TOTAL NON-CURRENT ASSETS | $197.7B |
| TOTAL ASSETS | $223.3B |
| Account Payables | $7.5B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.2B |
| TOTAL CURRENT LIABILITIES | $36.2B |
| Long-Term Debt | $24.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.4B |
| Other Non-Current Liabilities | $46.7B |
| TOTAL NON-CURRENT LIABILITIES | $110.9B |
| TOTAL LIABILITIES | $147.1B |
| Common Stock | $37.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $38.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75.9B |
| Minority Interest | $329M |
| TOTAL EQUITY | $76.2B |
| TOTAL LIABILITIES & EQUITY | $223.3B |
| Total Debt | $70.1B |
| Net Debt | $63.6B |
