| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.2B | $12.7B | $7.6B | 11.8% | 85.7% |
| Op. Income | $4.8B | $3.8B | $1.9B | 25.4% | 156.0% |
| Gross Margin | 65.3% | 62.3% | 64.3% | 2.9pp | 1.0pp |
| Net Margin | 33.0% | 32.3% | 25.1% | 0.7pp | 7.9pp |
| EPS (Diluted) | $3.16 | $2.77 | $1.32 | 13.9% | 140.0% |
| Free Cash Flow | $6.4B | $3.1B | $3.4B | 107.9% | 87.2% |
| Item | Amount |
|---|---|
| REVENUE | $14.2B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $9.3B |
| R&D Expenses | $425M |
| Selling & Marketing | $3.8B |
| General & Administrative | $269M |
| SG&A Expenses | $4.1B |
| Other Expenses | $0 |
| Operating Expenses | $4.5B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $4.8B |
| Interest Income | $709M |
| Interest Expense | $0 |
| Other Income/Expenses | $783M |
| INCOME BEFORE TAX | $5.5B |
| Income Tax Expense | $864M |
| Net Income from Continuing Ops | $4.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.7B |
| D&A | $29M |
| EBIT | $4.8B |
| EBITDA | $4.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $14.2B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $9.3B |
| R&D Expenses | $425M |
| Selling & Marketing | $3.8B |
| General & Administrative | $269M |
| SG&A Expenses | $4.1B |
| Other Expenses | $0 |
| Operating Expenses | $4.5B |
| Cost & Expenses | $9.4B |
| OPERATING INCOME | $4.8B |
| Interest Income | $709M |
| Interest Expense | $0 |
| Other Income/Expenses | $783M |
| INCOME BEFORE TAX | $5.5B |
| Income Tax Expense | $864M |
| Net Income from Continuing Ops | $4.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.7B |
| D&A | $29M |
| EBIT | $4.8B |
| EBITDA | $4.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $4.7B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $354M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.4B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $6.4B |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6.2B |
| NET CASH FROM INVESTING | -$6.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $106.4K |
| NET CASH FROM FINANCING | $106.4K |
| FREE CASH FLOW | $6.4B |
| Net Change in Cash | $206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.3B |
| Short-Term Investments | $33.3B |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $8.7B |
| TOTAL CURRENT ASSETS | $52.6B |
| PP&E (Net) | $745M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.9B |
| TOTAL NON-CURRENT ASSETS | $10.7B |
| TOTAL ASSETS | $63.2B |
| Account Payables | $11.7B |
| Short-Term Debt | $36.4K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $25.0B |
| Long-Term Debt | $769M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $26.1B |
| Common Stock | $26.2K |
| Additional Paid-In Capital | $16.5B |
| Retained Earnings | $19.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $863M |
| Other Equity | -$15M |
| TOTAL STOCKHOLDERS' EQUITY | $37.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $37.1B |
| TOTAL LIABILITIES & EQUITY | $63.2B |
| Total Debt | $1.4B |
| Net Debt | -$6.9B |
