| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $794M | $736M | $678M | 7.9% | 17.2% |
| Op. Income | $383M | $358M | $356M | 7.0% | 7.4% |
| Gross Margin | 88.4% | 89.7% | 89.2% | -1.3pp | -0.9pp |
| Net Margin | 40.6% | 40.9% | 45.2% | -0.4pp | -4.7pp |
| EPS (Diluted) | $6.63 | $6.19 | $6.17 | 7.1% | 7.5% |
| Free Cash Flow | $386M | $255M | $338M | 51.8% | 14.2% |
| Item | Amount |
|---|---|
| REVENUE | $794M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $702M |
| R&D Expenses | $149M |
| Selling & Marketing | $27M |
| General & Administrative | $144M |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $319M |
| Cost & Expenses | $412M |
| OPERATING INCOME | $383M |
| Interest Income | $51M |
| Interest Expense | $6M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $424M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | -$35M |
| EBIT | $417M |
| EBITDA | $383M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $794M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $702M |
| R&D Expenses | $149M |
| Selling & Marketing | $27M |
| General & Administrative | $144M |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $319M |
| Cost & Expenses | $412M |
| OPERATING INCOME | $383M |
| Interest Income | $51M |
| Interest Expense | $6M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $424M |
| Income Tax Expense | $101M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | -$35M |
| EBIT | $417M |
| EBITDA | $383M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $322M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $78M |
| OPERATING CASH FLOW | $461M |
| Capital Expenditure | -$75M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$692M |
| Sales/Maturities of Investments | $612M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$165M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$94M |
| FREE CASH FLOW | $386M |
| Net Change in Cash | $203M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.4B |
| Net Receivables | $322M |
| Inventory | $165M |
| Other Current Assets | $131M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $112M |
| Long-Term Investments | $1.7B |
| Tax Assets | $457M |
| Other Non-Current Assets | $222M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $367M |
| Short-Term Debt | $200M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $155M |
| TOTAL CURRENT LIABILITIES | $722M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $215M |
| TOTAL NON-CURRENT LIABILITIES | $215M |
| TOTAL LIABILITIES | $937M |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | $7.5B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.8B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $200M |
| Net Debt | -$1.7B |
