| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $4.4B | $3.5B | -16.2% | 7.2% |
| Op. Income | $343M | $578M | $325M | -40.7% | 5.6% |
| Gross Margin | 37.4% | 34.2% | 37.2% | 3.2pp | 0.1pp |
| Net Margin | 7.0% | 9.7% | 7.0% | -2.7pp | 0.0pp |
| EPS (Diluted) | $0.49 | $0.81 | $0.45 | -39.5% | 8.9% |
| Free Cash Flow | $30M | $575M | -$102M | -94.7% | 129.7% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $922M |
| Other Expenses | $124M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $343M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $328M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $259M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $259M |
| D&A | $124M |
| EBIT | $343M |
| EBITDA | $467M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $922M |
| Other Expenses | $124M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $3.4B |
| OPERATING INCOME | $343M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $328M |
| Income Tax Expense | $69M |
| Net Income from Continuing Ops | $259M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $259M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $259M |
| D&A | $124M |
| EBIT | $343M |
| EBITDA | $467M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $259M |
| Depreciation & Amortization | $124M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $41M |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | $308M |
| Capital Expenditure | -$278M |
| Acquisitions (Net) | $41.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $49M |
| NET CASH FROM INVESTING | -$228M |
| Net Debt Issuance | $69M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$122M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$121M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $185M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $3.3B |
| Other Current Assets | $210M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $6.8B |
| Goodwill | $0 |
| Intangible Assets | $399M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $10.9B |
| Account Payables | $1.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $53M |
| Other Non-Current Liabilities | $147M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $7.4B |
| Treasury Stock | -$6.3B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $10.9B |
| Total Debt | $5.7B |
| Net Debt | $5.5B |
