| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.1B | $10.9B | $10.6B | 2.5% | 4.9% |
| Op. Income | $1.9B | $1.9B | $1.9B | 1.4% | 1.4% |
| Gross Margin | 41.8% | 37.3% | 41.0% | 4.5pp | 0.8pp |
| Net Margin | 14.5% | 14.9% | 15.4% | -0.4pp | -0.9pp |
| EPS (Diluted) | $4.27 | $4.28 | $4.24 | -0.2% | 0.7% |
| Free Cash Flow | $1.8B | $1.1B | $1.9B | 66.1% | -3.1% |
| Item | Amount |
|---|---|
| REVENUE | $11.1B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $347M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.7B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $234M |
| Interest Expense | $347M |
| Other Income/Expenses | -$115M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $207M |
| 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 | $663M |
| EBIT | $2.2B |
| EBITDA | $2.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $11.1B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $347M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.7B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $1.9B |
| Interest Income | $234M |
| Interest Expense | $347M |
| Other Income/Expenses | -$115M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $207M |
| 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 | $663M |
| EBIT | $2.2B |
| EBITDA | $2.8B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $662M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$127M |
| Other Non-Cash Items | -$2.1B |
| Change in Working Capital | $2.2B |
| OPERATING CASH FLOW | $2.2B |
| Capital Expenditure | -$404M |
| Acquisitions (Net) | -$4.0B |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $254M |
| Other Investing Activities | $104M |
| NET CASH FROM INVESTING | -$4.1B |
| Net Debt Issuance | -$2.0B |
| Common Stock Repurchased | $2.0B |
| Common Dividends Paid | -$163M |
| Other Financing Activities | -$469M |
| NET CASH FROM FINANCING | -$632M |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | -$2.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $1.6B |
| Net Receivables | $8.9B |
| Inventory | $5.7B |
| Other Current Assets | $4.1B |
| TOTAL CURRENT ASSETS | $22.3B |
| PP&E (Net) | $10.2B |
| Goodwill | $49.3B |
| Intangible Assets | $16.2B |
| Long-Term Investments | $435M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.6B |
| TOTAL NON-CURRENT ASSETS | $80.7B |
| TOTAL ASSETS | $103.0B |
| Account Payables | $3.0B |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $2.9B |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $14.9B |
| Long-Term Debt | $31.9B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $3.1B |
| TOTAL NON-CURRENT LIABILITIES | $37.1B |
| TOTAL LIABILITIES | $52.0B |
| Common Stock | $444M |
| Additional Paid-In Capital | $18.7B |
| Retained Earnings | $55.9B |
| Treasury Stock | -$21.3B |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51.0B |
| Minority Interest | $129M |
| TOTAL EQUITY | $51.2B |
| TOTAL LIABILITIES & EQUITY | $103.0B |
| Total Debt | $35.7B |
| Net Debt | $33.7B |
