FY 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.5B	—	8.8%
Op. Income	$924M	—	$1.1B	—	-16.0%
Gross Margin	81.5%	—	61.8%	—	19.7pp
Net Margin	31.0%	—	36.5%	—	-5.5pp
EPS (Diluted)	$12.50	—	$6.12	—	104.2%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$505M
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.3B
Operating Expenses	$1.3B
Cost & Expenses	$1.8B
OPERATING INCOME	$924M
Interest Income	$1.2B
Interest Expense	$0
Other Income/Expenses	$124M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$199M
Net Income from Continuing Ops	$849M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$847M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$847M
D&A	$0
EBIT	$1.0B
EBITDA	$1.0B
EPS	$13
EPS Diluted	$13

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$505M
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.3B
Operating Expenses	$1.3B
Cost & Expenses	$1.8B
OPERATING INCOME	$924M
Interest Income	$1.2B
Interest Expense	$0
Other Income/Expenses	$124M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$199M
Net Income from Continuing Ops	$849M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$847M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$847M
D&A	$0
EBIT	$1.0B
EBITDA	$1.0B
EPS	$13
EPS Diluted	$13

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$417M
Net Receivables	$518M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$93M
Goodwill	$0
Intangible Assets	$8M
Long-Term Investments	$5.7B
Tax Assets	$202M
Other Non-Current Assets	$331M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$8.3B
Account Payables	$0
Short-Term Debt	$325M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$325M
Long-Term Debt	$231M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$4.2B
TOTAL NON-CURRENT LIABILITIES	$4.5B
TOTAL LIABILITIES	$4.8B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$3.5B
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$6M
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$8.3B
Total Debt	$556M
Net Debt	-$546M