| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.1B | $10.4B | $9.6B | 6.3% | 15.2% |
| Op. Income | $2.9B | $3.4B | $991M | -14.8% | 194.0% |
| Gross Margin | 36.9% | 36.4% | 38.1% | 0.4pp | -1.2pp |
| Net Margin | -35.3% | 25.8% | -7.9% | -61.0pp | -27.4pp |
| EPS (Diluted) | $-0.91 | $0.63 | $-0.18 | -244.4% | -405.6% |
| Free Cash Flow | $723M | $1.2B | $586M | -39.6% | 23.4% |
| Item | Amount |
|---|---|
| REVENUE | $11.1B |
| Cost of Revenue | $7.0B |
| GROSS PROFIT | $4.1B |
| R&D Expenses | $395M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $183M |
| Other Expenses | $589M |
| Operating Expenses | $1.2B |
| Cost & Expenses | $8.1B |
| OPERATING INCOME | $2.9B |
| Interest Income | $119M |
| Interest Expense | $443M |
| Other Income/Expenses | -$5.1B |
| INCOME BEFORE TAX | -$2.1B |
| Income Tax Expense | $2.2B |
| Net Income from Continuing Ops | -$4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3.9B |
| D&A | $953M |
| EBIT | $2.9B |
| EBITDA | $3.9B |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3.9B |
| Depreciation & Amortization | $953M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6.8B |
| Change in Working Capital | -$982M |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$2.2B |
| Acquisitions (Net) | $1.1B |
| Purchases of Investments | -$100M |
| Sales/Maturities of Investments | $983M |
| Other Investing Activities | -$2.3B |
| NET CASH FROM INVESTING | -$2.4B |
| Net Debt Issuance | $417M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$133M |
| Other Financing Activities | $642M |
| NET CASH FROM FINANCING | $927M |
| FREE CASH FLOW | $723M |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.4B |
| Short-Term Investments | $195M |
| Net Receivables | $3.8B |
| Inventory | $6.0B |
| Other Current Assets | $991M |
| TOTAL CURRENT ASSETS | $18.4B |
| PP&E (Net) | $43.8B |
| Goodwill | $1.3B |
| Intangible Assets | $7.7B |
| Long-Term Investments | $5.9B |
| Tax Assets | $6.3B |
| Other Non-Current Assets | $3.5B |
| TOTAL NON-CURRENT ASSETS | $68.5B |
| TOTAL ASSETS | $86.9B |
| Account Payables | $5.6B |
| Short-Term Debt | $681M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.4B |
| TOTAL CURRENT LIABILITIES | $15.9B |
| Long-Term Debt | $18.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $107M |
| Other Non-Current Liabilities | $17.7B |
| TOTAL NON-CURRENT LIABILITIES | $36.5B |
| TOTAL LIABILITIES | $52.4B |
| Common Stock | $14.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.1B |
| Treasury Stock | -$3.6B |
| Accum. Other Comp. Income | $22.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.6B |
| Minority Interest | $844M |
| TOTAL EQUITY | $34.5B |
| TOTAL LIABILITIES & EQUITY | $86.9B |
| Total Debt | $19.4B |
| Net Debt | $12.0B |
