| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.9B | $6.4B | $5.2B | -8.9% | 11.9% |
| Op. Income | $1.2B | $1.7B | $1.0B | -29.1% | 17.5% |
| Gross Margin | 62.7% | 62.0% | 60.9% | 0.8pp | 1.8pp |
| Net Margin | 11.1% | 8.5% | 15.0% | 2.7pp | -3.9pp |
| EPS (Diluted) | $1.69 | $1.41 | $2.05 | 19.9% | -17.6% |
| Free Cash Flow | $127M | $1.7B | $37M | -92.4% | 243.2% |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $393M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $38M |
| Interest Expense | $0 |
| Other Income/Expenses | -$415M |
| INCOME BEFORE TAX | $764M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $654M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $654M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $654M |
| D&A | $272M |
| EBIT | $764M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.9B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $3.7B |
| R&D Expenses | $393M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $38M |
| Interest Expense | $0 |
| Other Income/Expenses | -$415M |
| INCOME BEFORE TAX | $764M |
| Income Tax Expense | $110M |
| Net Income from Continuing Ops | $654M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $654M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $654M |
| D&A | $272M |
| EBIT | $764M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $654M |
| Depreciation & Amortization | $272M |
| Stock-Based Compensation | $84M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $118M |
| Change in Working Capital | -$892M |
| OPERATING CASH FLOW | $250M |
| Capital Expenditure | -$123M |
| Acquisitions (Net) | -$4.7B |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $767M |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$4.1B |
| Net Debt Issuance | $3.0B |
| Common Stock Repurchased | -$101M |
| Common Dividends Paid | -$320M |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | $2.5B |
| FREE CASH FLOW | $127M |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $89M |
| Net Receivables | $4.0B |
| Inventory | $5.1B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $13.0B |
| PP&E (Net) | $4.1B |
| Goodwill | $19.1B |
| Intangible Assets | $6.1B |
| Long-Term Investments | $8M |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $2.2B |
| TOTAL NON-CURRENT ASSETS | $33.0B |
| TOTAL ASSETS | $46.0B |
| Account Payables | $1.5B |
| Short-Term Debt | $2.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $7.9B |
| Long-Term Debt | $14.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $17.1B |
| TOTAL LIABILITIES | $25.1B |
| Common Stock | $38M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $18.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$409M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $20.9B |
| TOTAL LIABILITIES & EQUITY | $46.0B |
| Total Debt | $17.4B |
| Net Debt | $15.0B |
