| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $790M | $800M | $736M | -1.2% | 7.4% |
| Op. Income | $357M | $389M | $358M | -8.2% | -0.3% |
| Gross Margin | 86.9% | 87.4% | 89.7% | -0.5pp | -2.8pp |
| Net Margin | 46.1% | 42.4% | 40.9% | 3.7pp | 5.2pp |
| EPS (Diluted) | $7.66 | $7.16 | $6.19 | 7.0% | 23.7% |
| Free Cash Flow | $173M | $352M | $255M | -50.7% | -31.9% |
| Item | Amount |
|---|---|
| REVENUE | $790M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $687M |
| R&D Expenses | $140M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $212M |
| Other Expenses | -$22M |
| Operating Expenses | $330M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $357M |
| Interest Income | $43M |
| Interest Expense | $3M |
| Other Income/Expenses | $87M |
| INCOME BEFORE TAX | $444M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $364M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $364M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $364M |
| D&A | $77M |
| EBIT | $447M |
| EBITDA | $524M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $790M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $687M |
| R&D Expenses | $140M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $212M |
| Other Expenses | -$22M |
| Operating Expenses | $330M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $357M |
| Interest Income | $43M |
| Interest Expense | $3M |
| Other Income/Expenses | $87M |
| INCOME BEFORE TAX | $444M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $364M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $364M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $364M |
| D&A | $77M |
| EBIT | $447M |
| EBITDA | $524M |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $364M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $98M |
| Other Non-Cash Items | -$34M |
| Change in Working Capital | -$144M |
| OPERATING CASH FLOW | $346M |
| Capital Expenditure | -$173M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$545M |
| Sales/Maturities of Investments | -$780M |
| Other Investing Activities | $1.3B |
| NET CASH FROM INVESTING | -$228M |
| Net Debt Issuance | $12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$34M |
| NET CASH FROM FINANCING | $98M |
| FREE CASH FLOW | $173M |
| Net Change in Cash | $217M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $350M |
| Inventory | $183M |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $1.7B |
| Goodwill | $0 |
| Intangible Assets | $117M |
| Long-Term Investments | $1.8B |
| Tax Assets | $358M |
| Other Non-Current Assets | $197M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $561M |
| TOTAL CURRENT LIABILITIES | $561M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $223M |
| TOTAL NON-CURRENT LIABILITIES | $223M |
| TOTAL LIABILITIES | $784M |
| Common Stock | $800.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $8.6B |
| Treasury Stock | -$4.3B |
| Accum. Other Comp. Income | $900.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $0 |
| Net Debt | -$1.6B |
