| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.3B | $3.8B | 10.1% | -5.6% |
| Op. Income | $233M | -$2.9B | -$240M | 108.1% | 197.1% |
| Gross Margin | 37.2% | 35.7% | 38.1% | 1.5pp | -0.9pp |
| Net Margin | -0.1% | -93.5% | -8.6% | 93.3pp | 8.5pp |
| EPS (Diluted) | $-0.00 | $-2.55 | $-0.27 | 99.8% | 98.6% |
| Free Cash Flow | $166M | $459M | $320M | -63.9% | -48.3% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.2B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $219M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $929M |
| Other Expenses | -$48M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $233M |
| Interest Income | $0 |
| Interest Expense | $117M |
| Other Income/Expenses | -$450M |
| INCOME BEFORE TAX | -$217M |
| Income Tax Expense | -$213M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $678M |
| EBIT | -$101M |
| EBITDA | $578M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $678M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$48M |
| Other Non-Cash Items | $539M |
| Change in Working Capital | -$982M |
| OPERATING CASH FLOW | $220M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$175M |
| Common Dividends Paid | -$140M |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | -$362M |
| FREE CASH FLOW | $166M |
| Net Change in Cash | -$189M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $566M |
| Short-Term Investments | $242M |
| Net Receivables | $3.6B |
| Inventory | $4.3B |
| Other Current Assets | $925M |
| TOTAL CURRENT ASSETS | $9.8B |
| PP&E (Net) | $2.9B |
| Goodwill | $6.7B |
| Intangible Assets | $16.3B |
| Long-Term Investments | $950M |
| Tax Assets | $924M |
| Other Non-Current Assets | $772M |
| TOTAL NON-CURRENT ASSETS | $28.6B |
| TOTAL ASSETS | $38.4B |
| Account Payables | $1.3B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $15.7B |
| TOTAL LIABILITIES | $22.8B |
| Common Stock | $13M |
| Additional Paid-In Capital | $19.0B |
| Retained Earnings | $80M |
| Treasury Stock | -$856M |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.6B |
| TOTAL LIABILITIES & EQUITY | $38.4B |
| Total Debt | $14.8B |
| Net Debt | $14.2B |
