| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $799M | $794M | $715M | 0.5% | 11.7% |
| Op. Income | $365M | $383M | $320M | -4.8% | 13.9% |
| Gross Margin | 89.0% | 88.4% | 89.1% | 0.7pp | -0.1pp |
| Net Margin | 38.8% | 40.6% | 38.9% | -1.8pp | -0.1pp |
| EPS (Diluted) | $6.41 | $6.63 | $5.85 | -3.3% | 9.6% |
| Free Cash Flow | $130M | $386M | $187M | -66.5% | -30.8% |
| Item | Amount |
|---|---|
| REVENUE | $799M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $711M |
| R&D Expenses | $134M |
| Selling & Marketing | $31M |
| General & Administrative | $160M |
| SG&A Expenses | $191M |
| Other Expenses | $22M |
| Operating Expenses | $347M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $365M |
| Interest Income | $51M |
| Interest Expense | $7M |
| Other Income/Expenses | $44M |
| INCOME BEFORE TAX | $408M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $310M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $21M |
| EBIT | $416M |
| EBITDA | $437M |
| EPS | $7 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $799M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $711M |
| R&D Expenses | $134M |
| Selling & Marketing | $31M |
| General & Administrative | $160M |
| SG&A Expenses | $191M |
| Other Expenses | $22M |
| Operating Expenses | $347M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $365M |
| Interest Income | $51M |
| Interest Expense | $7M |
| Other Income/Expenses | $44M |
| INCOME BEFORE TAX | $408M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $310M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $310M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $310M |
| D&A | $21M |
| EBIT | $416M |
| EBITDA | $437M |
| EPS | $7 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $310M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$203M |
| OPERATING CASH FLOW | $192M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$600.0K |
| NET CASH FROM INVESTING | -$300M |
| Net Debt Issuance | -$212M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$199M |
| FREE CASH FLOW | $130M |
| Net Change in Cash | -$307M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $1.5B |
| Net Receivables | $379M |
| Inventory | $169M |
| Other Current Assets | $230M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $112M |
| Long-Term Investments | $1.9B |
| Tax Assets | $456M |
| Other Non-Current Assets | $233M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $432M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $95M |
| TOTAL CURRENT LIABILITIES | $527M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $207M |
| TOTAL NON-CURRENT LIABILITIES | $207M |
| TOTAL LIABILITIES | $734M |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $7.9B |
| Treasury Stock | -$3.5B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $0 |
| Net Debt | -$1.6B |
