| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.7B | $3.1B | $4.9B | 52.0% | -2.3% |
| Op. Income | $424M | $184M | $417M | 129.6% | 1.7% |
| Gross Margin | 22.9% | 23.0% | 23.0% | -0.0pp | -0.0pp |
| Net Margin | 8.0% | 5.7% | 7.4% | 2.3pp | 0.6pp |
| EPS (Diluted) | $0.75 | $0.35 | $0.69 | 111.6% | 9.2% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $651M |
| Other Expenses | -$49M |
| Operating Expenses | $664M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $424M |
| Interest Income | $25M |
| Interest Expense | $4M |
| Other Income/Expenses | $49M |
| INCOME BEFORE TAX | $473M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $387M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $52M |
| EBIT | $424M |
| EBITDA | $476M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.7B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $62M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $651M |
| Other Expenses | -$49M |
| Operating Expenses | $664M |
| Cost & Expenses | $4.3B |
| OPERATING INCOME | $424M |
| Interest Income | $25M |
| Interest Expense | $4M |
| Other Income/Expenses | $49M |
| INCOME BEFORE TAX | $473M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $387M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $378M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $378M |
| D&A | $52M |
| EBIT | $424M |
| EBITDA | $476M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $378M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$378M |
| 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 | $845M |
| Net Receivables | $243M |
| Inventory | $753M |
| Other Current Assets | $418M |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $2.7B |
| Goodwill | $110M |
| Intangible Assets | $47M |
| Long-Term Investments | $1.2B |
| Tax Assets | $111M |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $11.5B |
| Account Payables | $1.8B |
| Short-Term Debt | $854M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $352M |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $329M |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $514M |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $6.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.0B |
| Minority Interest | $502M |
| TOTAL EQUITY | $6.5B |
| TOTAL LIABILITIES & EQUITY | $11.5B |
| Total Debt | $943M |
| Net Debt | -$2.6B |
