| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.9B | 4.9% | 10.8% |
| Op. Income | $1.3B | $1.2B | $1.0B | 9.6% | 26.7% |
| Gross Margin | 85.6% | 86.5% | 85.5% | -1.0pp | 0.1pp |
| Net Margin | 36.9% | 35.2% | 31.4% | 1.7pp | 5.6pp |
| EPS (Diluted) | $4.65 | $4.20 | $3.50 | 10.7% | 32.9% |
| Free Cash Flow | $349M | $1.1B | $492M | -69.4% | -29.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $466M |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $974M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $487M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $122M |
| Interest Expense | $3M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $140M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $53M |
| EBIT | $1.3B |
| EBITDA | $1.4B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $466M |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $974M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $487M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $122M |
| Interest Expense | $3M |
| Other Income/Expenses | $31M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $140M |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $53M |
| EBIT | $1.3B |
| EBITDA | $1.4B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $158M |
| Deferred Income Tax | $31M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$948M |
| OPERATING CASH FLOW | $498M |
| Capital Expenditure | -$149M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$288M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$131M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$77M |
| FREE CASH FLOW | $349M |
| Net Change in Cash | $140M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $1.5B |
| Net Receivables | $2.1B |
| Inventory | $1.7B |
| Other Current Assets | $749M |
| TOTAL CURRENT ASSETS | $11.2B |
| PP&E (Net) | $3.1B |
| Goodwill | $1.1B |
| Intangible Assets | $424M |
| Long-Term Investments | $5.8B |
| Tax Assets | $3.4B |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $14.9B |
| TOTAL ASSETS | $26.1B |
| Account Payables | $462M |
| Short-Term Debt | $83M |
| Deferred Revenue | $172M |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | -$1.5B |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | $13.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $18.7B |
| TOTAL LIABILITIES & EQUITY | $26.1B |
| Total Debt | $3.9B |
| Net Debt | -$1.2B |