| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | — | $3.3B | — | -0.8% |
| Op. Income | $958M | — | $421M | — | 127.4% |
| Gross Margin | 30.1% | — | 12.9% | — | 17.2pp |
| Net Margin | -6.6% | — | -13.5% | — | 7.0pp |
| EPS (Diluted) | $-0.31 | — | $-0.64 | — | 51.9% |
| Free Cash Flow | $220M | — | -$435M | — | 150.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $995M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $958M |
| Interest Income | $0 |
| Interest Expense | $82M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | -$146M |
| Income Tax Expense | $90M |
| Net Income from Continuing Ops | -$236M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$217M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$217M |
| D&A | $255M |
| EBIT | -$6M |
| EBITDA | $249M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$217M |
| Depreciation & Amortization | $255M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $689M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $795M |
| Capital Expenditure | -$576M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $29M |
| NET CASH FROM INVESTING | -$553M |
| Net Debt Issuance | $88M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $88M |
| FREE CASH FLOW | $220M |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $647M |
| Inventory | $1.7B |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $3.8B |
| Goodwill | $0 |
| Intangible Assets | $120M |
| Long-Term Investments | $996M |
| Tax Assets | $134M |
| Other Non-Current Assets | $55M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $939M |
| Short-Term Debt | $17M |
| Deferred Revenue | $68M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $915M |
| Deferred Tax Liabilities | $344M |
| Other Non-Current Liabilities | $977M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $240M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $2.6B |
| Net Debt | $1.3B |
