FY 2025 Earnings

Reported April 17, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$22.9B	—	$16.8B	—	36.4%
Op. Income	$1.9B	—	$662M	—	181.5%
Gross Margin	44.7%	—	42.8%	—	1.8pp
Net Margin	6.9%	—	2.6%	—	4.2pp
EPS (Diluted)	$2.52	—	$0.73	—	245.2%

Revenue Flow

Item	Amount
REVENUE	$22.9B
Cost of Revenue	$12.7B
GROSS PROFIT	$10.2B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$7.2B
Other Expenses	$0
Operating Expenses	$8.4B
Cost & Expenses	$21.1B
OPERATING INCOME	$1.9B
Interest Income	$331M
Interest Expense	$34M
Other Income/Expenses	$398M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$651M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$0
EBIT	$1.9B
EBITDA	$1.9B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$22.9B
Cost of Revenue	$12.7B
GROSS PROFIT	$10.2B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$7.2B
Other Expenses	$0
Operating Expenses	$8.4B
Cost & Expenses	$21.1B
OPERATING INCOME	$1.9B
Interest Income	$331M
Interest Expense	$34M
Other Income/Expenses	$398M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$651M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$0
EBIT	$1.9B
EBITDA	$1.9B
EPS	$3
EPS Diluted	$3

Balance Sheet

Item	Amount
Cash & Equivalents	$6.4B
Short-Term Investments	$6.4B
Net Receivables	$8.3B
Inventory	$223M
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$23.2B
PP&E (Net)	$2.7B
Goodwill	$104M
Intangible Assets	$12M
Long-Term Investments	$2.5B
Tax Assets	$596M
Other Non-Current Assets	$186M
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$29.4B
Account Payables	$468M
Short-Term Debt	$1.7B
Deferred Revenue	$5.1B
Other Current Liabilities	$7.2B
TOTAL CURRENT LIABILITIES	$14.7B
Long-Term Debt	$510M
Deferred Revenue NC	$130M
Deferred Tax Liabilities	$175M
Other Non-Current Liabilities	$108M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$16.7B
Common Stock	$306.0K
Additional Paid-In Capital	$19.1B
Retained Earnings	-$6.6B
Treasury Stock	-$15M
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.5B
Minority Interest	$122M
TOTAL EQUITY	$12.6B
TOTAL LIABILITIES & EQUITY	$29.4B
Total Debt	$3.3B
Net Debt	-$3.0B