| Metric | Q2 2024 | Q1 2024 | Q2 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $730M | $600M | $684M | 21.7% | 6.6% |
| Op. Income | $210M | $78M | $140M | 170.5% | 50.4% |
| Gross Margin | 58.3% | 56.6% | 58.8% | 1.8pp | -0.5pp |
| Net Margin | 25.5% | 10.7% | 17.5% | 14.8pp | 8.0pp |
| EPS (Diluted) | $1.14 | $0.40 | $0.73 | 185.0% | 56.2% |
| Free Cash Flow | $171M | -$37M | $104M | 566.0% | 65.4% |
| Item | Amount |
|---|---|
| REVENUE | $730M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $426M |
| R&D Expenses | $112M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $154M |
| Other Expenses | -$51M |
| Operating Expenses | $215M |
| Cost & Expenses | $520M |
| OPERATING INCOME | $210M |
| Interest Income | $7M |
| Interest Expense | $2M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $30M |
| EBIT | $221M |
| EBITDA | $251M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $730M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $426M |
| R&D Expenses | $112M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $154M |
| Other Expenses | -$51M |
| Operating Expenses | $215M |
| Cost & Expenses | $520M |
| OPERATING INCOME | $210M |
| Interest Income | $7M |
| Interest Expense | $2M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $219M |
| Income Tax Expense | $33M |
| Net Income from Continuing Ops | $186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $186M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $186M |
| D&A | $30M |
| EBIT | $221M |
| EBITDA | $251M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $186M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$36M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $216M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | $87M |
| Purchases of Investments | -$536M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$481M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $171M |
| Net Change in Cash | -$285M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $422M |
| Short-Term Investments | $39M |
| Net Receivables | $470M |
| Inventory | $762M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $545M |
| Goodwill | $405M |
| Intangible Assets | $25M |
| Long-Term Investments | $648M |
| Tax Assets | $193M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $161M |
| Short-Term Debt | $18M |
| Deferred Revenue | $103M |
| Other Current Liabilities | $109M |
| TOTAL CURRENT LIABILITIES | $626M |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $96.0K |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $275M |
| TOTAL LIABILITIES | $901M |
| Common Stock | $20M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $889M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $142M |
| Net Debt | -$280M |
