| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $965M | $1.0B | 14.0% | 7.3% |
| Op. Income | $111M | $111M | $59M | 0.4% | 86.9% |
| Gross Margin | 40.7% | 41.6% | 41.9% | -0.9pp | -1.3pp |
| Net Margin | 12.9% | 10.9% | 5.9% | 2.0pp | 6.9pp |
| EPS (Diluted) | $0.94 | $0.70 | $0.37 | 34.3% | 154.1% |
| Free Cash Flow | $144M | $246M | $387M | -41.5% | -62.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $653M |
| GROSS PROFIT | $448M |
| R&D Expenses | $223M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $112M |
| Other Expenses | $2M |
| Operating Expenses | $337M |
| Cost & Expenses | $989M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $117M |
| EBIT | $129M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $653M |
| GROSS PROFIT | $448M |
| R&D Expenses | $223M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $112M |
| Other Expenses | $2M |
| Operating Expenses | $337M |
| Cost & Expenses | $989M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $141M |
| D&A | $117M |
| EBIT | $129M |
| EBITDA | $246M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $141M |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | -$77M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $200M |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$218M |
| Sales/Maturities of Investments | $144M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$106M |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$94M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $213M |
| Net Receivables | $598M |
| Inventory | $755M |
| Other Current Assets | $149M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.2B |
| Intangible Assets | $809M |
| Long-Term Investments | $14M |
| Tax Assets | $376M |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $236M |
| Short-Term Debt | $499M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $277M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $496M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $170M |
| TOTAL NON-CURRENT LIABILITIES | $837M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $37M |
| Additional Paid-In Capital | $68M |
| Retained Earnings | $5.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $1.2B |
| Net Debt | $42M |
