| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24.9B | $28.1B | $25.7B | -11.4% | -3.1% |
| Op. Income | $1.4B | $1.6B | $1.6B | -13.2% | -11.0% |
| Gross Margin | 20.1% | 18.0% | 16.3% | 2.1pp | 3.9pp |
| Net Margin | 3.4% | 4.9% | 9.0% | -1.5pp | -5.6pp |
| EPS (Diluted) | $0.24 | $0.39 | $0.66 | -38.5% | -63.5% |
| Free Cash Flow | $1.4B | $4.0B | $2.0B | -64.4% | -30.2% |
| Item | Amount |
|---|---|
| REVENUE | $24.9B |
| Cost of Revenue | $19.9B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $1.7B |
| SG&A Expenses | $1.7B |
| Other Expenses | $162M |
| Operating Expenses | $3.6B |
| Cost & Expenses | $23.5B |
| OPERATING INCOME | $1.4B |
| Interest Income | $449M |
| Interest Expense | $85M |
| Other Income/Expenses | -$228M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $325M |
| Net Income from Continuing Ops | $856M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $840M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $840M |
| D&A | $1.6B |
| EBIT | $1.3B |
| EBITDA | $2.9B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $24.9B |
| Cost of Revenue | $19.9B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $1.7B |
| SG&A Expenses | $1.7B |
| Other Expenses | $162M |
| Operating Expenses | $3.6B |
| Cost & Expenses | $23.5B |
| OPERATING INCOME | $1.4B |
| Interest Income | $449M |
| Interest Expense | $85M |
| Other Income/Expenses | -$228M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $325M |
| Net Income from Continuing Ops | $856M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $840M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $840M |
| D&A | $1.6B |
| EBIT | $1.3B |
| EBITDA | $2.9B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $840M |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $954M |
| Deferred Income Tax | -$111M |
| Other Non-Cash Items | $685M |
| Change in Working Capital | -$214M |
| OPERATING CASH FLOW | $3.8B |
| Capital Expenditure | -$2.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12.2B |
| Sales/Maturities of Investments | $8.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6.5B |
| Net Debt Issuance | -$2.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4.1B |
| NET CASH FROM FINANCING | $710M |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | -$2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.5B |
| Short-Term Investments | $27.5B |
| Net Receivables | $4.6B |
| Inventory | $12.4B |
| Other Current Assets | $7.6B |
| TOTAL CURRENT ASSETS | $68.6B |
| PP&E (Net) | $40.6B |
| Goodwill | $257M |
| Intangible Assets | $135M |
| Long-Term Investments | $0 |
| Tax Assets | $6.9B |
| Other Non-Current Assets | $21.2B |
| TOTAL NON-CURRENT ASSETS | $69.2B |
| TOTAL ASSETS | $137.8B |
| Account Payables | $13.4B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $3.4B |
| Other Current Liabilities | $9.5B |
| TOTAL CURRENT LIABILITIES | $31.7B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $3.6B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.9B |
| TOTAL NON-CURRENT LIABILITIES | $23.2B |
| TOTAL LIABILITIES | $54.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $42.8B |
| Retained Earnings | $39.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $361M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $82.1B |
| Minority Interest | $728M |
| TOTAL EQUITY | $82.9B |
| TOTAL LIABILITIES & EQUITY | $137.8B |
| Total Debt | $8.4B |
| Net Debt | -$8.1B |
