| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.9B | 0.6% | -2.2% |
| Op. Income | $352M | $343M | $447M | 2.8% | -21.1% |
| Gross Margin | 29.8% | 28.7% | 33.8% | 1.1pp | -4.0pp |
| Net Margin | 25.3% | 15.2% | 23.9% | 10.2pp | 1.4pp |
| EPS (Diluted) | $0.19 | $0.11 | $0.18 | 67.6% | 3.5% |
| Free Cash Flow | $278M | $461M | -$155M | -39.8% | 279.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $558M |
| R&D Expenses | $147M |
| Selling & Marketing | $20M |
| General & Administrative | $54M |
| SG&A Expenses | $74M |
| Other Expenses | -$15M |
| Operating Expenses | $206M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $352M |
| Interest Income | $16M |
| Interest Expense | $14M |
| Other Income/Expenses | $112M |
| INCOME BEFORE TAX | $464M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $473M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $474M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $474M |
| D&A | $475M |
| EBIT | $477M |
| EBITDA | $952M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $558M |
| R&D Expenses | $147M |
| Selling & Marketing | $20M |
| General & Administrative | $54M |
| SG&A Expenses | $74M |
| Other Expenses | -$15M |
| Operating Expenses | $206M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $352M |
| Interest Income | $16M |
| Interest Expense | $14M |
| Other Income/Expenses | $112M |
| INCOME BEFORE TAX | $464M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $473M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $474M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $474M |
| D&A | $475M |
| EBIT | $477M |
| EBITDA | $952M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $464M |
| Depreciation & Amortization | $475M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$153M |
| Change in Working Capital | -$129M |
| OPERATING CASH FLOW | $663M |
| Capital Expenditure | -$385M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$195M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$512M |
| Net Debt Issuance | $654M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$480M |
| FREE CASH FLOW | $278M |
| Net Change in Cash | -$246M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $469M |
| Net Receivables | $1.1B |
| Inventory | $1.1B |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $6.1B |
| PP&E (Net) | $8.7B |
| Goodwill | $241.1K |
| Intangible Assets | $141M |
| Long-Term Investments | $2.3B |
| Tax Assets | $168M |
| Other Non-Current Assets | $176M |
| TOTAL NON-CURRENT ASSETS | $11.5B |
| TOTAL ASSETS | $17.6B |
| Account Payables | $255M |
| Short-Term Debt | $509M |
| Deferred Revenue | $94M |
| Other Current Liabilities | $678M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $195M |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $6.2B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $302M |
| Retained Earnings | $5.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.2B |
| Other Equity | $173M |
| TOTAL STOCKHOLDERS' EQUITY | $11.4B |
| Minority Interest | $4M |
| TOTAL EQUITY | $11.4B |
| TOTAL LIABILITIES & EQUITY | $17.6B |
| Total Debt | $2.4B |
| Net Debt | -$896M |
