| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $4.9B | $4.0B | -20.9% | -5.0% |
| Op. Income | $333M | $417M | $403M | -20.1% | -17.5% |
| Gross Margin | 23.2% | 23.0% | 23.7% | 0.2pp | -0.5pp |
| Net Margin | 7.4% | 7.4% | 8.4% | 0.0pp | -1.0pp |
| EPS (Diluted) | $0.54 | $0.69 | $0.61 | -20.7% | -11.0% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $889M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $522M |
| Other Expenses | -$32M |
| Operating Expenses | $556M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $333M |
| Interest Income | $33M |
| Interest Expense | $1M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $289M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $284M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $284M |
| D&A | $52M |
| EBIT | $333M |
| EBITDA | $385M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $889M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $522M |
| Other Expenses | -$32M |
| Operating Expenses | $556M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $333M |
| Interest Income | $33M |
| Interest Expense | $1M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $364M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $289M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $284M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $284M |
| D&A | $52M |
| EBIT | $333M |
| EBITDA | $385M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $284M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$335M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $28M |
| Net Receivables | $614M |
| Inventory | $611M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $2.8B |
| Goodwill | $110M |
| Intangible Assets | $1.6B |
| Long-Term Investments | $814M |
| Tax Assets | $110M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $10.9B |
| Account Payables | $1.8B |
| Short-Term Debt | $648M |
| Deferred Revenue | $300M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $321M |
| Deferred Tax Liabilities | $101M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $508M |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $5.9B |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $234M |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $10.9B |
| Total Debt | $743M |
| Net Debt | -$3.4B |
