| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $652M | $686M | $730M | -4.9% | -10.7% |
| Op. Income | $91M | $121M | $210M | -24.9% | -56.9% |
| Gross Margin | 57.2% | 60.6% | 58.3% | -3.3pp | -1.1pp |
| Net Margin | 12.0% | 14.4% | 25.5% | -2.4pp | -13.5pp |
| EPS (Diluted) | $0.49 | $0.61 | $1.14 | -19.7% | -57.0% |
| Free Cash Flow | $132M | $98M | $171M | 34.9% | -23.1% |
| Item | Amount |
|---|---|
| REVENUE | $652M |
| Cost of Revenue | $279M |
| GROSS PROFIT | $373M |
| R&D Expenses | $118M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $158M |
| Other Expenses | $6M |
| Operating Expenses | $282M |
| Cost & Expenses | $561M |
| OPERATING INCOME | $91M |
| Interest Income | $4M |
| Interest Expense | $805.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $31M |
| EBIT | $97M |
| EBITDA | $129M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $652M |
| Cost of Revenue | $279M |
| GROSS PROFIT | $373M |
| R&D Expenses | $118M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $158M |
| Other Expenses | $6M |
| Operating Expenses | $282M |
| Cost & Expenses | $561M |
| OPERATING INCOME | $91M |
| Interest Income | $4M |
| Interest Expense | $805.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $31M |
| EBIT | $97M |
| EBITDA | $129M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $78M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $182M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$127M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$178M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$117M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$137M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | -$136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $339M |
| Short-Term Investments | $29M |
| Net Receivables | $433M |
| Inventory | $721M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $627M |
| Goodwill | $520M |
| Intangible Assets | $58M |
| Long-Term Investments | $666M |
| Tax Assets | $240M |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $172M |
| Short-Term Debt | $20M |
| Deferred Revenue | $124M |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $675M |
| Long-Term Debt | $55M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $249M |
| TOTAL LIABILITIES | $925M |
| Common Stock | $20M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $835M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $129M |
| Net Debt | -$210M |
