| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.8B | $3.0B | -17.2% | 3.4% |
| Op. Income | $184M | $248M | $194M | -25.6% | -5.1% |
| Gross Margin | 23.0% | 23.5% | 24.0% | -0.5pp | -1.0pp |
| Net Margin | 5.7% | 5.8% | 5.1% | -0.1pp | 0.7pp |
| EPS (Diluted) | $0.35 | $0.43 | $0.29 | -16.8% | 22.8% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $717M |
| R&D Expenses | $64M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $512M |
| Other Expenses | -$44M |
| Operating Expenses | $533M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $184M |
| Interest Income | $28M |
| Interest Expense | $4M |
| Other Income/Expenses | $44M |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $178M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $178M |
| D&A | $52M |
| EBIT | $184M |
| EBITDA | $236M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $717M |
| R&D Expenses | $64M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $512M |
| Other Expenses | -$44M |
| Operating Expenses | $533M |
| Cost & Expenses | $2.9B |
| OPERATING INCOME | $184M |
| Interest Income | $28M |
| Interest Expense | $4M |
| Other Income/Expenses | $44M |
| INCOME BEFORE TAX | $228M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $184M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $178M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $178M |
| D&A | $52M |
| EBIT | $184M |
| EBITDA | $236M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $178M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$229M |
| 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 | $3.6B |
| Short-Term Investments | $865M |
| Net Receivables | $663M |
| Inventory | $689M |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $2.8B |
| Goodwill | $110M |
| Intangible Assets | $1.6B |
| Long-Term Investments | $942M |
| Tax Assets | $112M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $11.4B |
| Account Payables | $1.7B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $318M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $329M |
| Deferred Tax Liabilities | $95M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $509M |
| TOTAL LIABILITIES | $5.0B |
| 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 | $493M |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $11.4B |
| Total Debt | $1.2B |
| Net Debt | -$2.3B |
