| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | — | $2.8B | — | 5.7% |
| Op. Income | $435M | — | $328M | — | 32.6% |
| Gross Margin | 70.6% | — | 69.8% | — | 0.8pp |
| Net Margin | 9.9% | — | 7.6% | — | 2.3pp |
| EPS (Diluted) | $0.68 | — | $0.50 | — | 36.0% |
| Free Cash Flow | $259M | — | $66M | — | 292.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $878M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $144M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $435M |
| Interest Income | $15M |
| Interest Expense | $82M |
| Other Income/Expenses | -$70M |
| INCOME BEFORE TAX | $365M |
| Income Tax Expense | $70M |
| 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 | $275M |
| EBIT | $448M |
| EBITDA | $723M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $878M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $144M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $0 |
| Operating Expenses | $1.7B |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $435M |
| Interest Income | $15M |
| Interest Expense | $82M |
| Other Income/Expenses | -$70M |
| INCOME BEFORE TAX | $365M |
| Income Tax Expense | $70M |
| 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 | $275M |
| EBIT | $448M |
| EBITDA | $723M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $296M |
| Depreciation & Amortization | $275M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$157M |
| OPERATING CASH FLOW | $400M |
| Capital Expenditure | -$140M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$204M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$219M |
| FREE CASH FLOW | $259M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $675M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $2.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $1.4B |
| Goodwill | $3.1B |
| Intangible Assets | $961M |
| Long-Term Investments | $36M |
| Tax Assets | $401M |
| Other Non-Current Assets | $119M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $10.7B |
| Account Payables | $1.1B |
| Short-Term Debt | $157M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $3.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | $276M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $175M |
| Additional Paid-In Capital | $614M |
| Retained Earnings | $5.1B |
| Treasury Stock | -$48M |
| Accum. Other Comp. Income | -$327M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $10.7B |
| Total Debt | $3.5B |
| Net Debt | $2.8B |
