| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.2B | $8.8B | $9.4B | 4.7% | -2.6% |
| Op. Income | $3.1B | $2.4B | $3.3B | 32.7% | -5.4% |
| Gross Margin | 60.3% | 53.4% | 59.0% | 6.9pp | 1.3pp |
| Net Margin | 12.9% | 9.5% | 15.7% | 3.4pp | -2.8pp |
| EPS (Diluted) | $0.98 | $0.68 | $1.16 | 44.1% | -15.7% |
| Free Cash Flow | $1.7B | $885M | $2.0B | 90.0% | -15.0% |
| Item | Amount |
|---|---|
| REVENUE | $9.2B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $3.1B |
| Interest Income | $730.8K |
| Interest Expense | $143M |
| Other Income/Expenses | -$1.5B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $437M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $1.4B |
| EBIT | $1.8B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9.2B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $5.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $3.1B |
| Interest Income | $730.8K |
| Interest Expense | $143M |
| Other Income/Expenses | -$1.5B |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $437M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $1.4B |
| EBIT | $1.8B |
| EBITDA | $3.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $134M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $112M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $2.8B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$93M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$119M |
| Common Stock Repurchased | -$548M |
| Common Dividends Paid | -$503M |
| Other Financing Activities | $45M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $493M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $0 |
| Net Receivables | $4.3B |
| Inventory | $3.8B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.2B |
| PP&E (Net) | $51.0B |
| Goodwill | $0 |
| Intangible Assets | $2.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $55.2B |
| TOTAL ASSETS | $65.4B |
| Account Payables | $5.4B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $629M |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $6.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.0B |
| Other Non-Current Liabilities | $9.8B |
| TOTAL NON-CURRENT LIABILITIES | $24.8B |
| TOTAL LIABILITIES | $32.4B |
| Common Stock | $15.1B |
| Additional Paid-In Capital | $368M |
| Retained Earnings | $16.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $770M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $33.0B |
| TOTAL LIABILITIES & EQUITY | $65.4B |
| Total Debt | $10.6B |
| Net Debt | $8.4B |
