| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $932M | $800M | $873M | 16.6% | 6.8% |
| Op. Income | $311M | $192M | $292M | 61.7% | 6.3% |
| Gross Margin | 59.8% | 59.0% | 60.1% | 0.8pp | -0.3pp |
| Net Margin | 24.2% | 18.6% | 26.5% | 5.5pp | -2.4pp |
| EPS (Diluted) | $3.77 | $2.50 | $3.88 | 50.8% | -2.8% |
| Free Cash Flow | $126M | $162M | $188M | -22.4% | -33.2% |
| Item | Amount |
|---|---|
| REVENUE | $932M |
| Cost of Revenue | $375M |
| GROSS PROFIT | $557M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $197M |
| Other Expenses | $0 |
| Operating Expenses | $247M |
| Cost & Expenses | $622M |
| OPERATING INCOME | $311M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $225M |
| D&A | $53M |
| EBIT | $273M |
| EBITDA | $325M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $932M |
| Cost of Revenue | $375M |
| GROSS PROFIT | $557M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $197M |
| Other Expenses | $0 |
| Operating Expenses | $247M |
| Cost & Expenses | $622M |
| OPERATING INCOME | $311M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | $264M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $225M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $225M |
| D&A | $53M |
| EBIT | $273M |
| EBITDA | $325M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $225M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$145M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $47M |
| Common Stock Repurchased | -$144.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $126M |
| Net Change in Cash | $129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $588M |
| Short-Term Investments | $0 |
| Net Receivables | $829M |
| Inventory | $572M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $642M |
| Goodwill | $1.3B |
| Intangible Assets | $558M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $555M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $2.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $1.4B |
| Net Debt | $820M |
