| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.0B | $3.5B | 21.4% | 3.6% |
| Op. Income | $1.1B | $592M | $1.1B | 82.4% | 0.9% |
| Gross Margin | 85.6% | 84.7% | 86.5% | 0.9pp | -0.9pp |
| Net Margin | 37.9% | 26.7% | 40.4% | 11.2pp | -2.5pp |
| EPS (Diluted) | $12.81 | $7.27 | $12.41 | 76.2% | 3.2% |
| Free Cash Flow | $968M | $774M | $143M | 25.1% | 576.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $530M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $634M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $1.1B |
| Interest Income | $175M |
| Interest Expense | $4M |
| Other Income/Expenses | $439M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $127M |
| 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 | $135M |
| EBIT | $1.5B |
| EBITDA | $1.7B |
| EPS | $13 |
| EPS Diluted | $13 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $530M |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $1.4B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $634M |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $1.1B |
| Interest Income | $175M |
| Interest Expense | $4M |
| Other Income/Expenses | $439M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $127M |
| 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 | $135M |
| EBIT | $1.5B |
| EBITDA | $1.7B |
| EPS | $13 |
| EPS Diluted | $13 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $135M |
| Stock-Based Compensation | $252M |
| Deferred Income Tax | -$135M |
| Other Non-Cash Items | -$271M |
| Change in Working Capital | -$228M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$177M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.9B |
| Sales/Maturities of Investments | $2.2B |
| Other Investing Activities | -$188M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | -$93M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $968M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $5.5B |
| Net Receivables | $5.6B |
| Inventory | $3.2B |
| Other Current Assets | $574M |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $4.8B |
| Goodwill | $0 |
| Intangible Assets | $1.4B |
| Long-Term Investments | $10.1B |
| Tax Assets | $3.6B |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $21.4B |
| TOTAL ASSETS | $38.2B |
| Account Payables | $724M |
| Short-Term Debt | $0 |
| Deferred Revenue | $482M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $206M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $13.5B |
| Retained Earnings | $33.7B |
| Treasury Stock | -$17.3B |
| Accum. Other Comp. Income | $53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.9B |
| TOTAL LIABILITIES & EQUITY | $38.2B |
| Total Debt | $2.7B |
| Net Debt | $709M |
