| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.3B | $15.4B | — | -7.3% | — |
| Op. Income | -$1.2B | $4.2B | — | -128.7% | — |
| Gross Margin | 70.3% | 74.1% | — | -3.8pp | — |
| Net Margin | -6.6% | 21.3% | — | -27.8pp | — |
| EPS (Diluted) | $-1.71 | $1.33 | — | -228.1% | — |
| Free Cash Flow | $1.9B | $5.4B | — | -65.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $14.3B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $2.7B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $5.8B |
| Operating Expenses | $11.2B |
| Cost & Expenses | $15.5B |
| OPERATING INCOME | -$1.2B |
| Interest Income | $28M |
| Interest Expense | -$118M |
| Other Income/Expenses | -$137M |
| INCOME BEFORE TAX | -$1.4B |
| Income Tax Expense | -$407M |
| Net Income from Continuing Ops | -$944M |
| Net Income from Discontinued Ops | $15M |
| Other Adjustments | $0 |
| NET INCOME | -$937M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4.3B |
| D&A | $2.3B |
| EBIT | $2.2B |
| EBITDA | $4.5B |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$937M |
| Depreciation & Amortization | $2.3B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2.7B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $4.0B |
| Capital Expenditure | -$2.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$319M |
| NET CASH FROM INVESTING | -$2.5B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3.0B |
| NET CASH FROM FINANCING | -$3.0B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.0B |
| Short-Term Investments | $0 |
| Net Receivables | $464M |
| Inventory | $26.5B |
| Other Current Assets | $243M |
| TOTAL CURRENT ASSETS | $36.2B |
| PP&E (Net) | $13.5B |
| Goodwill | $0 |
| Intangible Assets | $79.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19.6B |
| TOTAL NON-CURRENT ASSETS | $112.1B |
| TOTAL ASSETS | $148.3B |
| Account Payables | $26.8B |
| Short-Term Debt | $5.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $941M |
| TOTAL CURRENT LIABILITIES | $33.1B |
| Long-Term Debt | $16.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.9B |
| TOTAL NON-CURRENT LIABILITIES | $31.3B |
| TOTAL LIABILITIES | $64.4B |
| Common Stock | $83.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $83.5B |
| Minority Interest | $391M |
| TOTAL EQUITY | $83.8B |
| TOTAL LIABILITIES & EQUITY | $148.3B |
| Total Debt | $23.8B |
| Net Debt | $14.8B |
