| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $2.9B | — | 2.7% | — |
| Op. Income | $373M | $491M | — | -24.0% | — |
| Gross Margin | 30.0% | 34.7% | — | -4.7pp | — |
| Net Margin | 6.8% | 10.7% | — | -3.9pp | — |
| EPS (Diluted) | $1.18 | $1.81 | — | -34.8% | — |
| Free Cash Flow | $870M | $450M | — | 93.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $889M |
| R&D Expenses | $68M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $448M |
| Other Expenses | $0 |
| Operating Expenses | $516M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $373M |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $291M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $136M |
| EBIT | $373M |
| EBITDA | $509M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $889M |
| R&D Expenses | $68M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $448M |
| Other Expenses | $0 |
| Operating Expenses | $516M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $373M |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | -$82M |
| INCOME BEFORE TAX | $291M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $136M |
| EBIT | $373M |
| EBITDA | $509M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $204M |
| Depreciation & Amortization | $128M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $60M |
| Change in Working Capital | $578M |
| OPERATING CASH FLOW | $992M |
| Capital Expenditure | -$122M |
| Acquisitions (Net) | -$758M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | -$860M |
| Net Debt Issuance | $249M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $124M |
| FREE CASH FLOW | $870M |
| Net Change in Cash | $261M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $789M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $2.7B |
| Other Current Assets | $263M |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $1.6B |
| Goodwill | $10.2B |
| Intangible Assets | $3.8B |
| Long-Term Investments | $121M |
| Tax Assets | $0 |
| Other Non-Current Assets | $584M |
| TOTAL NON-CURRENT ASSETS | $16.4B |
| TOTAL ASSETS | $22.1B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $4.6B |
| Deferred Revenue NC | $259M |
| Deferred Tax Liabilities | $606M |
| Other Non-Current Liabilities | -$57M |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$190M |
| Accum. Other Comp. Income | -$616M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.2B |
| Minority Interest | $48M |
| TOTAL EQUITY | $11.2B |
| TOTAL LIABILITIES & EQUITY | $22.1B |
| Total Debt | $6.2B |
| Net Debt | $5.5B |
