| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.9B | $6.0B | $5.0B | 14.5% | 38.4% |
| Op. Income | $538M | $476M | $306M | 13.0% | 75.9% |
| Gross Margin | 43.8% | 43.4% | 44.6% | 0.3pp | -0.8pp |
| Net Margin | 5.8% | 6.2% | 4.8% | -0.4pp | 1.0pp |
| EPS (Diluted) | $0.63 | $0.59 | $0.39 | 6.8% | 61.5% |
| Free Cash Flow | $0 | $1.0B | $703M | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $278M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $538M |
| Interest Income | $70M |
| Interest Expense | $7M |
| Other Income/Expenses | $83M |
| INCOME BEFORE TAX | $620M |
| Income Tax Expense | $210M |
| Net Income from Continuing Ops | $411M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $397M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $397M |
| D&A | $0 |
| EBIT | $538M |
| EBITDA | $538M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $3.0B |
| R&D Expenses | $278M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $6.3B |
| OPERATING INCOME | $538M |
| Interest Income | $70M |
| Interest Expense | $7M |
| Other Income/Expenses | $83M |
| INCOME BEFORE TAX | $620M |
| Income Tax Expense | $210M |
| Net Income from Continuing Ops | $411M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $397M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $397M |
| D&A | $0 |
| EBIT | $538M |
| EBITDA | $538M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $397M |
| Depreciation & Amortization | $100M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $994M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0B |
| NET CASH FROM FINANCING | $1.0B |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $1.3B |
| 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 |
