| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.9B | $10.4B | $10.5B | 4.7% | 3.0% |
| Op. Income | $1.9B | $1.8B | $1.8B | 4.2% | 9.0% |
| Gross Margin | 37.3% | 41.0% | 41.2% | -3.7pp | -3.9pp |
| Net Margin | 14.9% | 14.5% | 14.7% | 0.4pp | 0.2pp |
| EPS (Diluted) | $4.28 | $3.98 | $4.04 | 7.5% | 5.9% |
| Free Cash Flow | $1.1B | $361M | $1.7B | 206.1% | -33.4% |
| Item | Amount |
|---|---|
| REVENUE | $10.9B |
| Cost of Revenue | $6.8B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $352M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $8.9B |
| OPERATING INCOME | $1.9B |
| Interest Income | $297M |
| Interest Expense | $404M |
| Other Income/Expenses | -$206M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $685M |
| EBIT | $2.1B |
| EBITDA | $2.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $10.9B |
| Cost of Revenue | $6.8B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $352M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $8.9B |
| OPERATING INCOME | $1.9B |
| Interest Income | $297M |
| Interest Expense | $404M |
| Other Income/Expenses | -$206M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $685M |
| EBIT | $2.1B |
| EBITDA | $2.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $685M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$322M |
| Other Non-Cash Items | $147M |
| Change in Working Capital | -$726M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$294M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $53M |
| NET CASH FROM INVESTING | -$288M |
| Net Debt Issuance | -$787M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$162M |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | -$991M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $431M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.6B |
| Short-Term Investments | $1.8B |
| Net Receivables | $10.0B |
| Inventory | $5.6B |
| Other Current Assets | $2.6B |
| TOTAL CURRENT ASSETS | $24.6B |
| PP&E (Net) | $9.6B |
| Goodwill | $47.2B |
| Intangible Assets | $15.1B |
| Long-Term Investments | $198M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.4B |
| TOTAL NON-CURRENT ASSETS | $76.6B |
| TOTAL ASSETS | $101.2B |
| Account Payables | $3.0B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $12.7B |
| Long-Term Debt | $33.0B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $624M |
| Other Non-Current Liabilities | $3.1B |
| TOTAL NON-CURRENT LIABILITIES | $37.9B |
| TOTAL LIABILITIES | $50.6B |
| Common Stock | $444M |
| Additional Paid-In Capital | $18.2B |
| Retained Earnings | $55.9B |
| Treasury Stock | -$21.3B |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $50.5B |
| Minority Interest | $91M |
| TOTAL EQUITY | $50.6B |
| TOTAL LIABILITIES & EQUITY | $101.2B |
| Total Debt | $35.2B |
| Net Debt | $30.7B |
