| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.9B | $2.7B | -4.9% | 3.1% |
| Op. Income | $630M | $1.0B | $1.1B | -38.6% | -44.7% |
| Gross Margin | 86.9% | 85.5% | 87.3% | 1.4pp | -0.4pp |
| Net Margin | 23.3% | 31.4% | 40.9% | -8.0pp | -17.6pp |
| EPS (Diluted) | $2.49 | $3.50 | $4.21 | -28.9% | -40.9% |
| Free Cash Flow | $778M | $492M | $1.1B | 58.2% | -26.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $363M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $980M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $396M |
| Other Expenses | $401M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $630M |
| Interest Income | $121M |
| Interest Expense | $3M |
| Other Income/Expenses | $100M |
| INCOME BEFORE TAX | $730M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $646M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $646M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $646M |
| D&A | $48M |
| EBIT | $733M |
| EBITDA | $782M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $363M |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $980M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $396M |
| Other Expenses | $401M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $630M |
| Interest Income | $121M |
| Interest Expense | $3M |
| Other Income/Expenses | $100M |
| INCOME BEFORE TAX | $730M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $646M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $646M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $646M |
| D&A | $48M |
| EBIT | $733M |
| EBITDA | $782M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $646M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $166M |
| Deferred Income Tax | -$192M |
| Other Non-Cash Items | $418M |
| Change in Working Capital | -$269M |
| OPERATING CASH FLOW | $819M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.6B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$426M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$270M |
| NET CASH FROM FINANCING | -$680M |
| FREE CASH FLOW | $778M |
| Net Change in Cash | $113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.7B |
| Short-Term Investments | $1.5B |
| Net Receivables | $1.8B |
| Inventory | $1.4B |
| Other Current Assets | $643M |
| TOTAL CURRENT ASSETS | $10.0B |
| PP&E (Net) | $2.6B |
| Goodwill | $1.1B |
| Intangible Assets | $441M |
| Long-Term Investments | $5.2B |
| Tax Assets | $2.5B |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $12.9B |
| TOTAL ASSETS | $22.9B |
| Account Payables | $445M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $386M |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $952M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | $10.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $68M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.5B |
| TOTAL LIABILITIES & EQUITY | $22.9B |
| Total Debt | $1.6B |
| Net Debt | -$3.0B |
