| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.2B | $2.4B | 10.8% | 4.2% |
| Op. Income | $989M | $846M | $906M | 16.9% | 9.2% |
| Gross Margin | 72.3% | 70.5% | 70.2% | 1.7pp | 2.1pp |
| Net Margin | 29.2% | 28.4% | 26.4% | 0.8pp | 2.8pp |
| EPS (Diluted) | $1.61 | $1.41 | $1.37 | 14.2% | 17.5% |
| Free Cash Flow | $308M | $438M | $370M | -29.7% | -16.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $682M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $172M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $617M |
| Other Expenses | $0 |
| Operating Expenses | $789M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $989M |
| Interest Income | $19M |
| Interest Expense | $58M |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $902M |
| Income Tax Expense | $184M |
| Net Income from Continuing Ops | $718M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $718M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $718M |
| D&A | $123M |
| EBIT | $960M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $682M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $172M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $617M |
| Other Expenses | $0 |
| Operating Expenses | $789M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $989M |
| Interest Income | $19M |
| Interest Expense | $58M |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $902M |
| Income Tax Expense | $184M |
| Net Income from Continuing Ops | $718M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $718M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $718M |
| D&A | $123M |
| EBIT | $960M |
| EBITDA | $1.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $718M |
| Depreciation & Amortization | $123M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $45M |
| Change in Working Capital | -$415M |
| OPERATING CASH FLOW | $486M |
| Capital Expenditure | -$178M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$247M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$338M |
| Common Dividends Paid | -$223M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$564M |
| FREE CASH FLOW | $308M |
| Net Change in Cash | -$286M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $2.4B |
| Other Current Assets | $509M |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $3.8B |
| Goodwill | $2.8B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $617M |
| Other Non-Current Assets | $267M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $14.5B |
| Account Payables | $508M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $423M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $156M |
| Other Non-Current Liabilities | $539M |
| TOTAL NON-CURRENT LIABILITIES | $6.1B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $5M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $12.9B |
| Treasury Stock | -$8.2B |
| Accum. Other Comp. Income | -$877M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $6.8B |
| Net Debt | $5.4B |
