| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $769M | $652M | $737M | 18.0% | 4.3% |
| Op. Income | $145M | $91M | $152M | 60.1% | -4.4% |
| Gross Margin | 58.4% | 57.2% | 59.2% | 1.2pp | -0.8pp |
| Net Margin | 15.5% | 12.0% | 19.8% | 3.5pp | -4.2pp |
| EPS (Diluted) | $0.75 | $0.49 | $0.89 | 53.1% | -15.7% |
| Free Cash Flow | $2M | $132M | $114M | -98.2% | -97.9% |
| Item | Amount |
|---|---|
| REVENUE | $769M |
| Cost of Revenue | $320M |
| GROSS PROFIT | $449M |
| R&D Expenses | $125M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $169M |
| Other Expenses | $10M |
| Operating Expenses | $304M |
| Cost & Expenses | $624M |
| OPERATING INCOME | $145M |
| Interest Income | $9M |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $30M |
| EBIT | $146M |
| EBITDA | $176M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $769M |
| Cost of Revenue | $320M |
| GROSS PROFIT | $449M |
| R&D Expenses | $125M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $169M |
| Other Expenses | $10M |
| Operating Expenses | $304M |
| Cost & Expenses | $624M |
| OPERATING INCOME | $145M |
| Interest Income | $9M |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $120M |
| D&A | $30M |
| EBIT | $146M |
| EBITDA | $176M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $120M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$110M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $200M |
| Common Stock Repurchased | -$244M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $273M |
| Short-Term Investments | $25M |
| Net Receivables | $594M |
| Inventory | $367M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $632M |
| Goodwill | $520M |
| Intangible Assets | $55M |
| Long-Term Investments | $668M |
| Tax Assets | $253M |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $4.0B |
| Account Payables | $228M |
| Short-Term Debt | $219M |
| Deferred Revenue | $133M |
| Other Current Liabilities | $139M |
| TOTAL CURRENT LIABILITIES | $995M |
| Long-Term Debt | $50M |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $251M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $20M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $687M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $318M |
| Net Debt | $46M |
