FY 2025 Earnings

Reported December 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	0.4%
Op. Income	$466M	—	$494M	—	-5.7%
Gross Margin	76.0%	—	78.9%	—	-2.9pp
Net Margin	25.6%	—	17.1%	—	8.4pp
EPS (Diluted)	$1.70	—	$1.16	—	46.6%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$423M
GROSS PROFIT	$1.3B
R&D Expenses	$325M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$548M
Other Expenses	$0
Operating Expenses	$873M
Cost & Expenses	$1.3B
OPERATING INCOME	$466M
Interest Income	$125M
Interest Expense	$0
Other Income/Expenses	$141M
INCOME BEFORE TAX	$607M
Income Tax Expense	$145M
Net Income from Continuing Ops	$462M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$450M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$450M
D&A	$58M
EBIT	$466M
EBITDA	$524M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$423M
GROSS PROFIT	$1.3B
R&D Expenses	$325M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$548M
Other Expenses	$0
Operating Expenses	$873M
Cost & Expenses	$1.3B
OPERATING INCOME	$466M
Interest Income	$125M
Interest Expense	$0
Other Income/Expenses	$141M
INCOME BEFORE TAX	$607M
Income Tax Expense	$145M
Net Income from Continuing Ops	$462M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$450M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$450M
D&A	$58M
EBIT	$466M
EBITDA	$524M
EPS	$2
EPS Diluted	$2

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$106M
Net Receivables	$841M
Inventory	$0
Other Current Assets	$330M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$282M
Goodwill	$266M
Intangible Assets	$0
Long-Term Investments	$1.7B
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$7.1B
Account Payables	$249M
Short-Term Debt	$0
Deferred Revenue	$78M
Other Current Liabilities	$648M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$164M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$3.1B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$3.9B
TOTAL STOCKHOLDERS' EQUITY	$3.9B
Minority Interest	$54M
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$7.1B
Total Debt	$1.9B
Net Debt	-$435M