| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.4B | $2.3B | -0.5% | 3.0% |
| Op. Income | $826M | $936M | $765M | -11.8% | 8.0% |
| Gross Margin | 68.9% | 70.2% | 68.0% | -1.3pp | 0.9pp |
| Net Margin | 25.3% | 30.0% | 25.1% | -4.8pp | 0.2pp |
| EPS (Diluted) | $1.37 | $1.63 | $1.29 | -16.0% | 6.2% |
| Free Cash Flow | $732M | $805M | $689M | -9.1% | 6.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $743M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $619M |
| Other Expenses | $0 |
| Operating Expenses | $818M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $826M |
| Interest Income | $25M |
| Interest Expense | $57M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $761M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $603M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $603M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $603M |
| D&A | $121M |
| EBIT | $826M |
| EBITDA | $947M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $743M |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $199M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $619M |
| Other Expenses | $0 |
| Operating Expenses | $818M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $826M |
| Interest Income | $25M |
| Interest Expense | $57M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $761M |
| Income Tax Expense | $158M |
| Net Income from Continuing Ops | $603M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $603M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $603M |
| D&A | $121M |
| EBIT | $826M |
| EBITDA | $947M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $603M |
| Depreciation & Amortization | $121M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$48M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $170M |
| OPERATING CASH FLOW | $893M |
| Capital Expenditure | -$161M |
| Acquisitions (Net) | -$14M |
| Purchases of Investments | $11M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$166M |
| Net Debt Issuance | $1.8B |
| Common Stock Repurchased | -$2.1B |
| Common Dividends Paid | -$220M |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$495M |
| FREE CASH FLOW | $732M |
| Net Change in Cash | $228M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.6B |
| Inventory | $2.4B |
| Other Current Assets | $438M |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $4.0B |
| Goodwill | $2.8B |
| Intangible Assets | $998M |
| Long-Term Investments | $0 |
| Tax Assets | $637M |
| Other Non-Current Assets | $328M |
| TOTAL NON-CURRENT ASSETS | $8.7B |
| TOTAL ASSETS | $15.5B |
| Account Payables | $487M |
| Short-Term Debt | $53M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $9.2B |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $139M |
| Other Non-Current Liabilities | $305M |
| TOTAL NON-CURRENT LIABILITIES | $9.9B |
| TOTAL LIABILITIES | $12.1B |
| Common Stock | $5M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $13.7B |
| Treasury Stock | -$10.7B |
| Accum. Other Comp. Income | -$834M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $15.5B |
| Total Debt | $9.5B |
| Net Debt | $7.2B |
