| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.4B | $8.8B | $9.6B | 18.2% | 8.9% |
| Op. Income | $3.4B | $2.0B | $3.7B | 70.5% | -7.0% |
| Gross Margin | 36.4% | 30.9% | 34.3% | 5.6pp | 2.2pp |
| Net Margin | 25.8% | 24.0% | 25.2% | 1.7pp | 0.5pp |
| EPS (Diluted) | $0.63 | $0.50 | $0.56 | 26.0% | 12.5% |
| Free Cash Flow | $1.2B | $732M | $197M | 63.4% | 508.5% |
| Item | Amount |
|---|---|
| REVENUE | $10.4B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $150M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $82M |
| Operating Expenses | $374M |
| Cost & Expenses | $7.0B |
| OPERATING INCOME | $3.4B |
| Interest Income | $120M |
| Interest Expense | $374M |
| Other Income/Expenses | -$806M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | -$81M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $693M |
| EBIT | $3.0B |
| EBITDA | $3.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $10.4B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $3.8B |
| R&D Expenses | $150M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $142M |
| Other Expenses | $82M |
| Operating Expenses | $374M |
| Cost & Expenses | $7.0B |
| OPERATING INCOME | $3.4B |
| Interest Income | $120M |
| Interest Expense | $374M |
| Other Income/Expenses | -$806M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | -$81M |
| Net Income from Continuing Ops | $2.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.7B |
| D&A | $693M |
| EBIT | $3.0B |
| EBITDA | $3.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.7B |
| Depreciation & Amortization | $693M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$89M |
| Change in Working Capital | -$696M |
| OPERATING CASH FLOW | $2.6B |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | -$1.1B |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $65M |
| Other Investing Activities | $1.1B |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $601M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.5B |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | -$931M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $381M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.9B |
| Short-Term Investments | $188M |
| Net Receivables | $3.7B |
| Inventory | $5.6B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $16.5B |
| PP&E (Net) | $45.2B |
| Goodwill | $3.0B |
| Intangible Assets | $7.9B |
| Long-Term Investments | $6.1B |
| Tax Assets | $8.9B |
| Other Non-Current Assets | $3.5B |
| TOTAL NON-CURRENT ASSETS | $74.6B |
| TOTAL ASSETS | $91.1B |
| Account Payables | $5.6B |
| Short-Term Debt | $644M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.0B |
| TOTAL CURRENT LIABILITIES | $13.3B |
| Long-Term Debt | $17.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $66M |
| Other Non-Current Liabilities | $17.6B |
| TOTAL NON-CURRENT LIABILITIES | $35.6B |
| TOTAL LIABILITIES | $48.9B |
| Common Stock | $14.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $8.5B |
| Treasury Stock | -$3.7B |
| Accum. Other Comp. Income | $21.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41.0B |
| Minority Interest | $1.2B |
| TOTAL EQUITY | $42.2B |
| TOTAL LIABILITIES & EQUITY | $91.1B |
| Total Debt | $18.5B |
| Net Debt | $12.6B |
