| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.8B | $3.9B | -1.8% | -4.0% |
| Op. Income | $248M | $333M | $326M | -25.4% | -23.9% |
| Gross Margin | 23.5% | 23.2% | 23.6% | 0.3pp | -0.1pp |
| Net Margin | 5.8% | 7.4% | 7.2% | -1.6pp | -1.4pp |
| EPS (Diluted) | $0.43 | $0.54 | $0.51 | -21.8% | -16.6% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $885M |
| R&D Expenses | $65M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $602M |
| Other Expenses | -$30M |
| Operating Expenses | $637M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $248M |
| Interest Income | $29M |
| Interest Expense | $3M |
| Other Income/Expenses | $33M |
| INCOME BEFORE TAX | $281M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $222M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $218M |
| D&A | $52M |
| EBIT | $248M |
| EBITDA | $300M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $885M |
| R&D Expenses | $65M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $602M |
| Other Expenses | -$30M |
| Operating Expenses | $637M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $248M |
| Interest Income | $29M |
| Interest Expense | $3M |
| Other Income/Expenses | $33M |
| INCOME BEFORE TAX | $281M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $222M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $218M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $218M |
| D&A | $52M |
| EBIT | $248M |
| EBITDA | $300M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $218M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $102M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$320M |
| 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 | $3.5B |
| Short-Term Investments | $436M |
| Net Receivables | $646M |
| Inventory | $625M |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $2.8B |
| Goodwill | $110M |
| Intangible Assets | $1.6B |
| Long-Term Investments | $818M |
| Tax Assets | $104M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $10.8B |
| Account Payables | $1.7B |
| Short-Term Debt | $974M |
| Deferred Revenue | $295M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $330M |
| Deferred Tax Liabilities | $87M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $504M |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $5.8B |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $238M |
| TOTAL EQUITY | $6.0B |
| TOTAL LIABILITIES & EQUITY | $10.8B |
| Total Debt | $1.1B |
| Net Debt | -$2.5B |
