| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.2B | $11.1B | $11.4B | 9.8% | 7.2% |
| Op. Income | $2.3B | $1.9B | $2.3B | 18.5% | 1.5% |
| Gross Margin | 38.0% | 41.8% | 39.2% | -3.9pp | -1.2pp |
| Net Margin | 16.2% | 14.5% | 16.1% | 1.6pp | 0.1pp |
| EPS (Diluted) | $5.21 | $4.27 | $4.78 | 22.0% | 9.0% |
| Free Cash Flow | $3.0B | $1.8B | $2.8B | 63.1% | 6.5% |
| Item | Amount |
|---|---|
| REVENUE | $12.2B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $357M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.0B |
| Other Expenses | $0 |
| Operating Expenses | $2.3B |
| Cost & Expenses | $9.9B |
| OPERATING INCOME | $2.3B |
| Interest Income | $258M |
| Interest Expense | $365M |
| Other Income/Expenses | -$179M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $10M |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $727M |
| EBIT | $2.5B |
| EBITDA | $3.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $12.2B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $4.6B |
| R&D Expenses | $357M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.0B |
| Other Expenses | $0 |
| Operating Expenses | $2.3B |
| Cost & Expenses | $9.9B |
| OPERATING INCOME | $2.3B |
| Interest Income | $258M |
| Interest Expense | $365M |
| Other Income/Expenses | -$179M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $153M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $10M |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $727M |
| EBIT | $2.5B |
| EBITDA | $3.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $727M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $89M |
| Other Non-Cash Items | $224M |
| Change in Working Capital | $447M |
| OPERATING CASH FLOW | $3.5B |
| Capital Expenditure | -$465M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $1.3B |
| Other Investing Activities | $77M |
| NET CASH FROM INVESTING | $891M |
| Net Debt Issuance | $785M |
| Common Stock Repurchased | -$3.0B |
| Common Dividends Paid | -$162M |
| Other Financing Activities | $5.9B |
| NET CASH FROM FINANCING | $3.5B |
| FREE CASH FLOW | $3.0B |
| Net Change in Cash | $7.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.9B |
| Short-Term Investments | $253M |
| Net Receivables | $10.6B |
| Inventory | $5.4B |
| Other Current Assets | $2.6B |
| TOTAL CURRENT ASSETS | $28.7B |
| PP&E (Net) | $12.0B |
| Goodwill | $49.4B |
| Intangible Assets | $15.8B |
| Long-Term Investments | $541M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $81.6B |
| TOTAL ASSETS | $110.3B |
| Account Payables | $3.6B |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $2.7B |
| Other Current Liabilities | $3.1B |
| TOTAL CURRENT LIABILITIES | $15.2B |
| Long-Term Debt | $35.9B |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $41.6B |
| TOTAL LIABILITIES | $56.8B |
| Common Stock | $445M |
| Additional Paid-In Capital | $18.6B |
| Retained Earnings | $59.2B |
| Treasury Stock | -$22.3B |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $53.4B |
| Minority Interest | $129M |
| TOTAL EQUITY | $53.5B |
| TOTAL LIABILITIES & EQUITY | $110.3B |
| Total Debt | $40.9B |
| Net Debt | $31.0B |
