| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $953M | $1.1B | $1.0B | -10.8% | -8.9% |
| Op. Income | $97M | $181M | $189M | -46.3% | -48.6% |
| Gross Margin | 41.1% | 41.4% | 40.2% | -0.3pp | 0.9pp |
| Net Margin | 7.2% | 15.2% | 17.5% | -8.0pp | -10.3pp |
| EPS (Diluted) | $0.43 | $1.00 | $1.14 | -57.0% | -62.3% |
| Free Cash Flow | $363M | $338M | $265M | 7.4% | 37.0% |
| Item | Amount |
|---|---|
| REVENUE | $953M |
| Cost of Revenue | $562M |
| GROSS PROFIT | $392M |
| R&D Expenses | $187M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $20M |
| Operating Expenses | $294M |
| Cost & Expenses | $856M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $114M |
| EBIT | $109M |
| EBITDA | $223M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $953M |
| Cost of Revenue | $562M |
| GROSS PROFIT | $392M |
| R&D Expenses | $187M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $20M |
| Operating Expenses | $294M |
| Cost & Expenses | $856M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $114M |
| EBIT | $109M |
| EBITDA | $223M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $69M |
| Depreciation & Amortization | $114M |
| Stock-Based Compensation | $63M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $144M |
| OPERATING CASH FLOW | $409M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$129M |
| Sales/Maturities of Investments | $142M |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$501M |
| Common Dividends Paid | -$111M |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | -$591M |
| FREE CASH FLOW | $363M |
| Net Change in Cash | -$215M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $119M |
| Net Receivables | $372M |
| Inventory | $678M |
| Other Current Assets | $264M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.2B |
| Intangible Assets | $839M |
| Long-Term Investments | $21M |
| Tax Assets | $304M |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $193M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $167M |
| TOTAL CURRENT LIABILITIES | $613M |
| Long-Term Debt | $995M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $147M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $38M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $1.2B |
| Net Debt | -$178M |
