| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | — | -6.7% | — |
| Op. Income | $241M | $273M | — | -11.7% | — |
| Gross Margin | 41.8% | 41.1% | — | 0.8pp | — |
| Net Margin | 8.4% | 16.5% | — | -8.1pp | — |
| EPS (Diluted) | $0.48 | $1.01 | — | -52.5% | — |
| Free Cash Flow | $420M | $241M | — | 74.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $692M |
| GROSS PROFIT | $498M |
| R&D Expenses | $90M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $257M |
| Cost & Expenses | $949M |
| OPERATING INCOME | $241M |
| Interest Income | $2M |
| Interest Expense | $51M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $96M |
| EBIT | $240M |
| EBITDA | $336M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $692M |
| GROSS PROFIT | $498M |
| R&D Expenses | $90M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $167M |
| Other Expenses | $0 |
| Operating Expenses | $257M |
| Cost & Expenses | $949M |
| OPERATING INCOME | $241M |
| Interest Income | $2M |
| Interest Expense | $51M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $189M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $96M |
| EBIT | $240M |
| EBITDA | $336M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $100M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $61M |
| Other Non-Cash Items | -$34M |
| Change in Working Capital | $268M |
| OPERATING CASH FLOW | $491M |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $2.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$1.9B |
| NET CASH FROM FINANCING | $368M |
| FREE CASH FLOW | $420M |
| Net Change in Cash | $787M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $915M |
| Short-Term Investments | $0 |
| Net Receivables | $992M |
| Inventory | $661M |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $3.2B |
| Goodwill | $7.5B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $402M |
| Tax Assets | $42M |
| Other Non-Current Assets | -$796M |
| TOTAL NON-CURRENT ASSETS | $11.4B |
| TOTAL ASSETS | $14.1B |
| Account Payables | $680M |
| Short-Term Debt | $67M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $609M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $4.5B |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $273M |
| Other Non-Current Liabilities | $116M |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $18M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$213M |
| Other Equity | $7.3B |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $271M |
| TOTAL EQUITY | $7.4B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $5.0B |
| Net Debt | $4.1B |
