| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.5B | $19.3B | $25.5B | 16.3% | -11.8% |
| Op. Income | $923M | $399M | $1.6B | 131.3% | -42.5% |
| Gross Margin | 17.2% | 16.3% | 18.0% | 0.9pp | -0.7pp |
| Net Margin | 5.2% | 2.1% | 5.5% | 3.1pp | -0.3pp |
| EPS (Diluted) | $0.33 | $0.12 | $0.40 | 186.6% | -16.8% |
| Free Cash Flow | $146M | $664M | $1.3B | -78.0% | -89.1% |
| Item | Amount |
|---|---|
| REVENUE | $22.5B |
| Cost of Revenue | $18.6B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $21.6B |
| OPERATING INCOME | $923M |
| Interest Income | $392M |
| Interest Expense | $86M |
| Other Income/Expenses | $626M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $359M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $1.4B |
| EBIT | $1.6B |
| EBITDA | $3.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $22.5B |
| Cost of Revenue | $18.6B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $1.6B |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $21.6B |
| OPERATING INCOME | $923M |
| Interest Income | $392M |
| Interest Expense | $86M |
| Other Income/Expenses | $626M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $359M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $1.4B |
| EBIT | $1.6B |
| EBITDA | $3.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $635M |
| Deferred Income Tax | $52M |
| Other Non-Cash Items | -$79M |
| Change in Working Capital | -$673M |
| OPERATING CASH FLOW | $2.5B |
| Capital Expenditure | -$2.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7.5B |
| Sales/Maturities of Investments | $6.9B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.9B |
| Net Debt Issuance | -$422M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$222M |
| FREE CASH FLOW | $146M |
| Net Change in Cash | -$515M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.6B |
| Short-Term Investments | $21.2B |
| Net Receivables | $3.8B |
| Inventory | $14.6B |
| Other Current Assets | $5.9B |
| TOTAL CURRENT ASSETS | $61.1B |
| PP&E (Net) | $54.2B |
| Goodwill | $258M |
| Intangible Assets | $138M |
| Long-Term Investments | $1.2B |
| Tax Assets | $6.7B |
| Other Non-Current Assets | $4.9B |
| TOTAL NON-CURRENT ASSETS | $67.4B |
| TOTAL ASSETS | $128.6B |
| Account Payables | $13.2B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $4.6B |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $30.0B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $3.8B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.5B |
| TOTAL NON-CURRENT LIABILITIES | $20.5B |
| TOTAL LIABILITIES | $50.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $40.4B |
| Retained Earnings | $36.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $158M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77.3B |
| Minority Interest | $758M |
| TOTAL EQUITY | $78.1B |
| TOTAL LIABILITIES & EQUITY | $128.6B |
| Total Debt | $13.1B |
| Net Debt | -$2.5B |
