| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86.8B | — | $99.4B | — | -12.7% |
| Op. Income | -$3.2B | — | $7.8B | — | -140.8% |
| Gross Margin | 8.4% | — | 17.9% | — | -9.4pp |
| Net Margin | -3.0% | — | 6.6% | — | -9.6pp |
| EPS (Diluted) | $-0.91 | — | $2.17 | — | -141.9% |
| Free Cash Flow | -$7.9B | — | -$2.0B | — | -288.6% |
| Item | Amount |
|---|---|
| REVENUE | $86.8B |
| Cost of Revenue | $79.5B |
| GROSS PROFIT | $7.3B |
| R&D Expenses | $3.9B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.0B |
| Other Expenses | $1.6B |
| Operating Expenses | $10.5B |
| Cost & Expenses | $90.0B |
| OPERATING INCOME | -$3.2B |
| Interest Income | $880M |
| Interest Expense | $800M |
| Other Income/Expenses | -$315M |
| INCOME BEFORE TAX | -$3.5B |
| Income Tax Expense | -$846M |
| Net Income from Continuing Ops | -$2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2.6B |
| D&A | $2.9B |
| EBIT | -$593M |
| EBITDA | $2.3B |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2.6B |
| Depreciation & Amortization | $4.2B |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$300M |
| Change in Working Capital | -$4.0B |
| OPERATING CASH FLOW | -$2.7B |
| Capital Expenditure | -$5.2B |
| Acquisitions (Net) | -$289M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3.0B |
| NET CASH FROM INVESTING | -$2.5B |
| Net Debt Issuance | $7.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2.3B |
| Other Financing Activities | -$2.4B |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | -$7.9B |
| Net Change in Cash | $35.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35.8B |
| Short-Term Investments | $2.3B |
| Net Receivables | $24.3B |
| Inventory | $25.5B |
| Other Current Assets | $4.2B |
| TOTAL CURRENT ASSETS | $94.1B |
| PP&E (Net) | $52.5B |
| Goodwill | $16.5B |
| Intangible Assets | $41.7B |
| Long-Term Investments | $12.1B |
| Tax Assets | $5.2B |
| Other Non-Current Assets | $12.5B |
| TOTAL NON-CURRENT ASSETS | $140.5B |
| TOTAL ASSETS | $234.6B |
| Account Payables | $35.0B |
| Short-Term Debt | $14.6B |
| Deferred Revenue | $979M |
| Other Current Liabilities | $18.5B |
| TOTAL CURRENT LIABILITIES | $88.8B |
| Long-Term Debt | $30.3B |
| Deferred Revenue NC | $1.7B |
| Deferred Tax Liabilities | $4.1B |
| Other Non-Current Liabilities | $22.0B |
| TOTAL NON-CURRENT LIABILITIES | $59.9B |
| TOTAL LIABILITIES | $148.7B |
| Common Stock | $43M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $85.6B |
| Treasury Stock | -$333M |
| Accum. Other Comp. Income | $175M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $85.5B |
| Minority Interest | $475M |
| TOTAL EQUITY | $86.0B |
| TOTAL LIABILITIES & EQUITY | $234.6B |
| Total Debt | $47.7B |
| Net Debt | $11.9B |
