| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.5B | $4.1B | 0.9% | 12.5% |
| Op. Income | $744M | $898M | $651M | -17.1% | 14.3% |
| Gross Margin | 32.0% | 35.3% | 34.0% | -3.3pp | -2.0pp |
| Net Margin | 14.5% | 14.1% | 6.8% | 0.4pp | 7.7pp |
| EPS (Diluted) | $2.22 | $2.14 | $0.90 | 3.7% | 146.7% |
| Free Cash Flow | $1.1B | $957M | $829M | 20.2% | 38.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $227M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $494M |
| Other Expenses | $0 |
| Operating Expenses | $721M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $744M |
| Interest Income | $21M |
| Interest Expense | $29M |
| Other Income/Expenses | $153M |
| INCOME BEFORE TAX | $897M |
| Income Tax Expense | $233M |
| Net Income from Continuing Ops | $664M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $663M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $663M |
| D&A | $244M |
| EBIT | $926M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $227M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $494M |
| Other Expenses | $0 |
| Operating Expenses | $721M |
| Cost & Expenses | $3.8B |
| OPERATING INCOME | $744M |
| Interest Income | $21M |
| Interest Expense | $29M |
| Other Income/Expenses | $153M |
| INCOME BEFORE TAX | $897M |
| Income Tax Expense | $233M |
| Net Income from Continuing Ops | $664M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | $663M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $663M |
| D&A | $244M |
| EBIT | $926M |
| EBITDA | $1.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $663M |
| Depreciation & Amortization | $244M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | $166M |
| Other Non-Cash Items | $56M |
| Change in Working Capital | $248M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$271M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$270M |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$437M |
| Common Dividends Paid | -$209M |
| Other Financing Activities | $1.4B |
| NET CASH FROM FINANCING | -$566M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $583M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $2.7B |
| Other Current Assets | $609M |
| TOTAL CURRENT ASSETS | $8.0B |
| PP&E (Net) | $4.3B |
| Goodwill | $7.1B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $30M |
| Tax Assets | $2.5B |
| Other Non-Current Assets | $913M |
| TOTAL NON-CURRENT ASSETS | $17.1B |
| TOTAL ASSETS | $25.1B |
| Account Payables | $2.0B |
| Short-Term Debt | $978M |
| Deferred Revenue | $115M |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $198M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $12.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $13.9B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.6B |
| Minority Interest | $145M |
| TOTAL EQUITY | $12.7B |
| TOTAL LIABILITIES & EQUITY | $25.1B |
| Total Debt | $6.5B |
| Net Debt | $5.3B |
