| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $5.0B | $5.9B | 18.5% | 1.1% |
| Op. Income | $631M | $386M | $233M | 63.6% | 171.4% |
| Gross Margin | 44.9% | 44.4% | 38.9% | 0.5pp | 6.0pp |
| Net Margin | 7.7% | 4.3% | -6.6% | 3.5pp | 14.4pp |
| EPS (Diluted) | $0.48 | $0.22 | $-0.42 | 115.8% | 213.9% |
| Free Cash Flow | $1.5B | $303M | $0 | 405.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $499M |
| Selling & Marketing | $1.3B |
| General & Administrative | $185M |
| SG&A Expenses | $1.5B |
| Other Expenses | $19M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $631M |
| Interest Income | $44M |
| Interest Expense | $126M |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $545M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $459M |
| Net Income from Discontinued Ops | $5M |
| Other Adjustments | $0 |
| NET INCOME | $462M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $457M |
| D&A | $326M |
| EBIT | $671M |
| EBITDA | $997M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $499M |
| Selling & Marketing | $1.3B |
| General & Administrative | $185M |
| SG&A Expenses | $1.5B |
| Other Expenses | $19M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $631M |
| Interest Income | $44M |
| Interest Expense | $126M |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $545M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $459M |
| Net Income from Discontinued Ops | $5M |
| Other Adjustments | $0 |
| NET INCOME | $462M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $457M |
| D&A | $326M |
| EBIT | $671M |
| EBITDA | $997M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $462M |
| Depreciation & Amortization | $326M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $546M |
| Change in Working Capital | $257M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$97M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$126M |
| NET CASH FROM INVESTING | -$229M |
| Net Debt Issuance | -$347M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$376M |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | $1.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $0 |
| Net Receivables | $4.1B |
| Inventory | $3.4B |
| Other Current Assets | $863M |
| TOTAL CURRENT ASSETS | $11.6B |
| PP&E (Net) | $2.6B |
| Goodwill | $10.8B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $996M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.5B |
| TOTAL NON-CURRENT ASSETS | $19.9B |
| TOTAL ASSETS | $31.5B |
| Account Payables | $2.3B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.3B |
| TOTAL CURRENT LIABILITIES | $8.8B |
| Long-Term Debt | $8.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $9.9B |
| TOTAL LIABILITIES | $18.7B |
| Common Stock | $226M |
| Additional Paid-In Capital | $8.4B |
| Retained Earnings | $4.2B |
| Treasury Stock | -$348M |
| Accum. Other Comp. Income | $320M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.8B |
| Minority Interest | $37M |
| TOTAL EQUITY | $12.8B |
| TOTAL LIABILITIES & EQUITY | $31.5B |
| Total Debt | $9.5B |
| Net Debt | $6.2B |
