| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.3B | $10.4B | $10.2B | 8.7% | 10.0% |
| Op. Income | $2.9B | $2.8B | $2.6B | 5.6% | 13.0% |
| Gross Margin | 55.3% | 55.6% | 56.4% | -0.2pp | -1.1pp |
| Net Margin | -27.7% | 25.7% | 28.5% | -53.4pp | -56.2pp |
| EPS (Diluted) | $-2.77 | $2.43 | $2.58 | -214.0% | -207.4% |
| Free Cash Flow | $3.6B | $2.6B | $2.4B | 39.1% | 50.1% |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $5.0B |
| GROSS PROFIT | $6.2B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $910M |
| Other Expenses | $39M |
| Operating Expenses | $3.3B |
| Cost & Expenses | $8.4B |
| OPERATING INCOME | $2.9B |
| Interest Income | $143M |
| Interest Expense | $170M |
| Other Income/Expenses | $53M |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $6.1B |
| Net Income from Continuing Ops | -$3.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3.1B |
| D&A | $371M |
| EBIT | $3.1B |
| EBITDA | $3.5B |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$3.1B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6.5B |
| Change in Working Capital | $645M |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$407M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | -$909M |
| Sales/Maturities of Investments | $871M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$471M |
| Net Debt Issuance | -$122M |
| Common Stock Repurchased | -$2.4B |
| Common Dividends Paid | -$957M |
| Other Financing Activities | -$116M |
| NET CASH FROM FINANCING | -$3.4B |
| FREE CASH FLOW | $3.6B |
| Net Change in Cash | $72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.8B |
| Short-Term Investments | $4.6B |
| Net Receivables | $4.3B |
| Inventory | $8.0B |
| Other Current Assets | $935M |
| TOTAL CURRENT ASSETS | $25.8B |
| PP&E (Net) | $4.7B |
| Goodwill | $11.4B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $743M |
| Other Non-Current Assets | $6.5B |
| TOTAL NON-CURRENT ASSETS | $24.4B |
| TOTAL ASSETS | $50.1B |
| Account Payables | $2.8B |
| Short-Term Debt | $102M |
| Deferred Revenue | $358M |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $9.1B |
| Long-Term Debt | $15.5B |
| Deferred Revenue NC | $71M |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $720M |
| TOTAL NON-CURRENT LIABILITIES | $19.8B |
| TOTAL LIABILITIES | $28.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $20.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $560M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $21.2B |
| TOTAL LIABILITIES & EQUITY | $50.1B |
| Total Debt | $16.4B |
| Net Debt | $8.5B |
