| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24.9B | $23.3B | $16.9B | 6.8% | 47.2% |
| Op. Income | $2.4B | $2.7B | $2.5B | -9.9% | -2.6% |
| Gross Margin | 18.2% | 19.3% | 25.0% | -1.2pp | -6.8pp |
| Net Margin | 10.8% | 10.8% | 13.3% | 0.1pp | -2.5pp |
| EPS (Diluted) | $0.78 | $0.73 | $0.65 | 6.8% | 20.0% |
| Free Cash Flow | $1.0B | $440M | $621M | 128.4% | 61.8% |
| Item | Amount |
|---|---|
| REVENUE | $24.9B |
| Cost of Revenue | $20.4B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $943M |
| Selling & Marketing | $0 |
| General & Administrative | $1.2B |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $22.5B |
| OPERATING INCOME | $2.4B |
| Interest Income | $238M |
| Interest Expense | $28M |
| Other Income/Expenses | $538M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $323M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $1.2B |
| EBIT | $3.0B |
| EBITDA | $4.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $24.9B |
| Cost of Revenue | $20.4B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $943M |
| Selling & Marketing | $0 |
| General & Administrative | $1.2B |
| SG&A Expenses | $1.2B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $22.5B |
| OPERATING INCOME | $2.4B |
| Interest Income | $238M |
| Interest Expense | $28M |
| Other Income/Expenses | $538M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $323M |
| Net Income from Continuing Ops | $2.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $1.2B |
| EBIT | $3.0B |
| EBITDA | $4.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.7B |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $445M |
| Deferred Income Tax | -$148M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$2.1B |
| Acquisitions (Net) | -$79M |
| Purchases of Investments | -$5.1B |
| Sales/Maturities of Investments | $3.7B |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$3.5B |
| Net Debt Issuance | -$357M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | -$328M |
| FREE CASH FLOW | $1.0B |
| Net Change in Cash | -$891M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.3B |
| Short-Term Investments | $7.8B |
| Net Receivables | $3.4B |
| Inventory | $14.4B |
| Other Current Assets | $3.0B |
| TOTAL CURRENT ASSETS | $43.9B |
| PP&E (Net) | $41.0B |
| Goodwill | $263M |
| Intangible Assets | $386M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.0B |
| TOTAL NON-CURRENT ASSETS | $46.7B |
| TOTAL ASSETS | $90.6B |
| Account Payables | $15.3B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $3.2B |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $27.6B |
| Long-Term Debt | $504M |
| Deferred Revenue NC | $3.0B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.0B |
| TOTAL NON-CURRENT LIABILITIES | $10.8B |
| TOTAL LIABILITIES | $38.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $33.4B |
| Retained Earnings | $18.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$410M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51.1B |
| Minority Interest | $1.1B |
| TOTAL EQUITY | $52.2B |
| TOTAL LIABILITIES & EQUITY | $90.6B |
| Total Debt | $5.8B |
| Net Debt | -$9.5B |
