| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $2.1B | $1.8B | 72.9% | 103.2% |
| Op. Income | $371M | $173M | $215M | 115.3% | 72.6% |
| Gross Margin | 15.4% | 16.7% | 18.7% | -1.3pp | -3.3pp |
| Net Margin | 8.1% | 7.4% | 9.8% | 0.7pp | -1.7pp |
| EPS (Diluted) | $0.55 | $0.28 | $0.31 | 96.4% | 77.4% |
| Free Cash Flow | -$610M | $268M | $151M | -327.7% | -503.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $564M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $371M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $357M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $10M |
| EBIT | $364M |
| EBITDA | $373M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $564M |
| R&D Expenses | $109M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $371M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $357M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $296M |
| D&A | $10M |
| EBIT | $364M |
| EBITDA | $373M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $296M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$921M |
| OPERATING CASH FLOW | -$595M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$184.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $220M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $573M |
| NET CASH FROM FINANCING | $792M |
| FREE CASH FLOW | -$610M |
| Net Change in Cash | $183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $726M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $2.5B |
| Other Current Assets | $147M |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $297M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $218M |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $563M |
| TOTAL ASSETS | $5.4B |
| Account Payables | $1.3B |
| Short-Term Debt | $276M |
| Deferred Revenue | $254M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $99M |
| Deferred Revenue NC | $190M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $336M |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $657.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $164.0K |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $385M |
| Net Debt | -$341M |
