| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $965M | $953M | $906M | 1.2% | 6.6% |
| Op. Income | $111M | $97M | $130M | 13.7% | -15.2% |
| Gross Margin | 41.6% | 41.1% | 40.2% | 0.5pp | 1.3pp |
| Net Margin | 10.9% | 7.2% | 13.4% | 3.7pp | -2.5pp |
| EPS (Diluted) | $0.70 | $0.43 | $0.75 | 62.8% | -6.7% |
| Free Cash Flow | $246M | $363M | $244M | -32.3% | 0.8% |
| Item | Amount |
|---|---|
| REVENUE | $965M |
| Cost of Revenue | $564M |
| GROSS PROFIT | $401M |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $2M |
| Operating Expenses | $290M |
| Cost & Expenses | $854M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $116M |
| EBIT | $119M |
| EBITDA | $235M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $965M |
| Cost of Revenue | $564M |
| GROSS PROFIT | $401M |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | $2M |
| Operating Expenses | $290M |
| Cost & Expenses | $854M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $116M |
| EBIT | $119M |
| EBITDA | $235M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $116M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $314M |
| Capital Expenditure | -$68M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$136M |
| Sales/Maturities of Investments | $127M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$335M |
| Common Dividends Paid | -$104M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$439M |
| FREE CASH FLOW | $246M |
| Net Change in Cash | -$202M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $132M |
| Net Receivables | $396M |
| Inventory | $707M |
| Other Current Assets | $257M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.2B |
| Intangible Assets | $852M |
| Long-Term Investments | $19M |
| Tax Assets | $303M |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $206M |
| Short-Term Debt | $499M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $219M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $496M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $185M |
| TOTAL NON-CURRENT LIABILITIES | $857M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $37M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $1.2B |
| Net Debt | $22M |
