| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.1B | $3.2B | 12.8% | 12.3% |
| Op. Income | $1.1B | $751M | $1.0B | 42.3% | 5.2% |
| Gross Margin | 86.5% | 86.2% | 83.9% | 0.3pp | 2.5pp |
| Net Margin | 40.4% | 23.0% | 30.7% | 17.4pp | 9.7pp |
| EPS (Diluted) | $12.41 | $6.27 | $8.50 | 97.9% | 46.0% |
| Free Cash Flow | $143M | $1.4B | $909M | -89.4% | -84.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $480M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $759M |
| Other Expenses | $15M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.1B |
| Interest Income | $179M |
| Interest Expense | $15M |
| Other Income/Expenses | $559M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $196M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $121M |
| EBIT | $1.6B |
| EBITDA | $1.8B |
| EPS | $13 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $480M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $759M |
| Other Expenses | $15M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.1B |
| Interest Income | $179M |
| Interest Expense | $15M |
| Other Income/Expenses | $559M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $196M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $121M |
| EBIT | $1.6B |
| EBITDA | $1.8B |
| EPS | $13 |
| EPS Diluted | $12 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $223M |
| Deferred Income Tax | -$118M |
| Other Non-Cash Items | -$396M |
| Change in Working Capital | -$909M |
| OPERATING CASH FLOW | $354M |
| Capital Expenditure | -$211M |
| Acquisitions (Net) | $15M |
| Purchases of Investments | -$4.4B |
| Sales/Maturities of Investments | $4.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$557M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$916M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$478M |
| FREE CASH FLOW | $143M |
| Net Change in Cash | -$682M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $7.9B |
| Net Receivables | $5.7B |
| Inventory | $2.9B |
| Other Current Assets | $682M |
| TOTAL CURRENT ASSETS | $19.1B |
| PP&E (Net) | $4.3B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $7.7B |
| Tax Assets | $2.9B |
| Other Non-Current Assets | $994M |
| TOTAL NON-CURRENT ASSETS | $17.0B |
| TOTAL ASSETS | $36.1B |
| Account Payables | $562M |
| Short-Term Debt | $0 |
| Deferred Revenue | $586M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $206M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $12.3B |
| Retained Earnings | $29.4B |
| Treasury Stock | -$13.5B |
| Accum. Other Comp. Income | -$70M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $28.2B |
| TOTAL LIABILITIES & EQUITY | $36.1B |
| Total Debt | $2.7B |
| Net Debt | $783M |
