$6.80B
Revenue
$1.85B
Net Income
80.46%
Gross Margin
30.66%
Op. Margin
$4.10B
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $6.80B | $6.80B | $5.96B | $5.30B | $4.42B | $3.34B | $2.59B | $2.16B | $1.80B | $1.49B | $1.28B |
| Revenue Growth % | 0.0% | 14.2% | 12.3% | 20.1% | 32.2% | 28.8% | 20.3% | 19.7% | 20.5% | 17.2% | nan% |
| Cost of Revenue | $1.33B | $1.33B | $1.16B | $1.24B | $1.08B | $783.00M | $570.00M | $505.90M | $450.40M | $385.28M | $337.84M |
| Gross Profit | $5.47B | $5.47B | $4.80B | $4.07B | $3.33B | $2.56B | $2.02B | $1.65B | $1.35B | $1.11B | $937.61M |
| Gross Margin % | 80.5% | 80.5% | 80.6% | 76.7% | 75.4% | 76.6% | 78.0% | 76.5% | 75.0% | 74.2% | 73.5% |
| Operating Expenses | $3.39B | $3.39B | $2.99B | $2.83B | $2.36B | $1.91B | $1.49B | $1.31B | $1.12B | $999.84M | $894.66M |
| Research & Development | $815.50M | $815.50M | $716.80M | $613.80M | $512.40M | $424.20M | $341.40M | $277.10M | $244.50M | $210.61M | $183.08M |
| Operating Income | $2.08B | $2.08B | $1.80B | $1.24B | $969.60M | $650.40M | $531.80M | $344.20M | $231.00M | $109.80M | $42.94M |
| Operating Margin % | 30.7% | 30.7% | 30.3% | 23.4% | 21.9% | 19.5% | 20.5% | 16.0% | 12.8% | 7.3% | 3.4% |
| Interest Expense | $20.10M | $20.10M | $20.00M | $21.00M | $18.00M | $14.90M | - | - | - | - | - |
| Other Income/Expense | $55.30M | $55.30M | $13.60M | $-6.10M | $-13.50M | $-11.60M | $-7.80M | $-7.50M | $-6.60M | $708.00K | $-7.10M |
| Income Before Tax | $2.28B | $2.28B | $2.06B | $1.33B | $955.50M | $628.40M | $541.70M | $379.20M | $250.90M | $123.99M | $43.15M |
| Income Tax Expense | $439.10M | $439.10M | $283.90M | $143.80M | $30.80M | $14.10M | $53.20M | $52.70M | $-81.30M | $92.59M | $10.96M |
| Net Income | $1.85B | $1.85B | $1.75B | $1.15B | $857.30M | $606.80M | $488.50M | $326.50M | $332.20M | $31.40M | $32.19M |
| Net Margin % | 27.3% | 27.3% | 29.3% | 21.6% | 19.4% | 18.2% | 18.8% | 15.1% | 18.4% | 2.1% | 2.5% |
| Basic EPS | 2.44 | 2.45 | 2.28 | 1.47 | 1.08 | 3.72 | 2.98 | 1.91 | 1.96 | 0.18 | 0.19 |
| Diluted EPS | 2.42 | 2.42 | 2.26 | 1.46 | 1.06 | 3.63 | 2.91 | 1.87 | 1.91 | 0.18 | 0.18 |
| Basic Shares Outstanding | - | 758.0M | 764.4M | 778.6M | 791.4M | 163.2M | 164.2M | 171.0M | 169.1M | 174.3M | 172.6M |
| Diluted Shares Outstanding | - | 764.6M | 771.9M | 788.2M | 805.3M | 167.1M | 167.7M | 175.0M | 174.2M | 178.1M | 176.3M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.50B | $2.88B | $1.40B | $1.68B | $1.32B | $1.06B | $1.22B | $1.11B | $811.00M | $709.00M |
| Short-term Investments | - | - | - | - | - | $775.50M | $843.10M | $537.20M | $440.27M | $376.52M |
| Accounts Receivable | $1.69B | $1.46B | $1.40B | $1.26B | $807.70M | $720.00M | $544.30M | $444.50M | $348.19M | $313.00M |
| Inventory | $399.50M | $315.50M | $484.80M | $264.60M | $175.80M | $139.80M | $117.90M | $90.00M | $77.29M | $106.89M |
| Other Current Assets | $227.00M | $126.10M | $101.10M | $73.10M | $65.40M | $43.30M | $41.20M | $36.80M | $40.07M | $33.31M |
| Total Current Assets | $5.90B | $5.97B | $4.43B | $3.81B | $3.60B | $2.74B | $2.77B | $2.22B | $1.72B | $1.54B |
| Property Plant & Equipment | $1.62B | $1.35B | $1.04B | $898.50M | $687.60M | $448.00M | $344.30M | $271.40M | $245.40M | $137.25M |
| Goodwill | $257.40M | $235.40M | $126.50M | $128.00M | $125.10M | $93.00M | $67.20M | $38.20M | $14.55M | $14.55M |
| Intangible Assets | $97.30M | $115.00M | $35.30M | $56.00M | $63.60M | $31.60M | $31.10M | $22.10M | $16.25M | $24.83M |
| Long-term Investments | $339.70M | - | - | $45.50M | $440.80M | $118.30M | $144.30M | $67.00M | $98.02M | $224.98M |
| Other Non-current Assets | $125.20M | $133.20M | $150.00M | $202.00M | $235.80M | $63.20M | $60.00M | $20.80M | $19.94M | $16.87M |
| Total Assets | $10.39B | $9.76B | $7.26B | $6.23B | $5.92B | $4.04B | $3.89B | $3.08B | $2.26B | $2.14B |
| Accounts Payable | $230.80M | $190.90M | $204.30M | $243.40M | $148.40M | $141.60M | $96.40M | $86.40M | $70.01M | $56.73M |
| Accrued Liabilities | $354.60M | $337.90M | $423.70M | $266.30M | $197.30M | $149.20M | $97.70M | $77.50M | $50.02M | $35.64M |
| Deferred Revenue | $3.64B | $3.28B | $2.85B | $2.35B | $1.78B | $1.39B | $1.17B | $965.90M | $793.82M | $645.34M |
| Total Current Liabilities | $5.03B | $4.06B | $3.72B | $3.08B | $2.32B | $1.83B | $1.47B | $1.26B | $1.03B | $829.44M |
| Long-term Debt | $496.60M | $994.30M | $992.30M | $990.40M | $988.40M | - | - | - | - | - |
| Other Non-current Liabilities | $141.30M | $129.60M | $124.70M | $82.00M | $59.20M | $56.20M | $44.90M | $13.00M | $8.61M | $14.26M |
| Total Liabilities | $9.15B | $8.27B | $7.72B | $6.51B | $5.12B | $3.19B | $2.56B | $2.07B | $1.67B | $1.30B |
| Common Stock | $700.00K | $800.00K | $800.00K | $800.00K | $200.00K | $200.00K | $200.00K | $200.00K | $168.00K | $173.00K |
| Retained Earnings | $-507.90M | $-117.10M | $-1.86B | $-1.55B | $-467.90M | $-352.10M | $140.30M | $-57.50M | $-319.58M | $37.62M |
| Total Stockholders Equity | $1.24B | $1.49B | $-463.40M | $-281.60M | $781.70M | $856.00M | $1.32B | $1.01B | $589.38M | $837.68M |
| Total Liabilities & Equity | $10.39B | $9.76B | $7.26B | $6.23B | $5.92B | $4.04B | $3.89B | $3.08B | $2.26B | $2.14B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $2.29B | $1.85B | $1.75B | $1.15B | $857.30M | $606.80M | $488.50M | $326.50M | $332.20M | $31.40M | $32.19M |
| Depreciation & Amortization | $187.80M | $152.00M | $122.80M | $113.40M | $104.30M | $84.40M | $68.80M | $61.60M | $55.70M | $55.48M | $48.52M |
| Stock-based Compensation | $345.60M | $279.50M | $257.90M | $249.00M | $217.30M | $207.90M | $191.70M | $174.10M | $162.90M | $137.18M | $122.42M |
| Deferred Income Tax | - | $68.30M | $-222.90M | $-306.70M | - | - | - | - | - | - | - |
| Change in Receivables | $-350.70M | $215.90M | $45.40M | $146.40M | $456.70M | $72.50M | $176.40M | $96.70M | $82.00M | $38.45M | $57.88M |
| Change in Inventory | $204.30M | $90.60M | $-131.20M | $253.50M | $109.10M | $19.40M | $42.20M | $48.50M | $33.40M | $-9.42M | $43.02M |
| Change in Payables | $99.30M | $27.90M | $-10.20M | $-43.10M | $105.20M | $-13.10M | $37.40M | $7.70M | $14.60M | $13.09M | $39.00K |
| Operating Cash Flow | $4.77B | $2.59B | $2.26B | $1.94B | $1.73B | $1.50B | $1.08B | $808.00M | $638.90M | $594.40M | $345.71M |
| Capital Expenditure | $665.60M | $364.80M | $378.90M | $204.10M | $281.20M | $295.90M | $125.90M | $92.20M | $53.00M | $135.31M | $67.18M |
| Acquisitions | $94.40M | $41.60M | $275.50M | - | $30.80M | $74.90M | $40.20M | $34.60M | $21.70M | - | $22.09M |
| Purchases of Investments | - | - | - | - | - | - | $1.08B | $1.33B | $681.80M | $669.17M | $473.61M |
| Sales of Investments | $3.13B | $1.79B | $1.89B | $1.41B | $1.46B | $1.47B | $1.02B | $925.50M | $578.80M | $427.36M | $460.44M |
| Investing Cash Flow | $-1.09B | $-599.10M | $-727.40M | $-649.30M | $763.90M | $-1.33B | $-72.80M | $-502.30M | $-134.90M | $-76.80M | $-74.12M |
| Stock Issued | $96.20M | $44.70M | $63.10M | $43.80M | $26.10M | $26.00M | $22.10M | $49.50M | $86.50M | $75.87M | $44.86M |
| Stock Repurchased | - | $2.29B | $600.00K | $1.50B | $1.99B | $741.80M | $1.08B | $145.10M | $211.80M | $446.33M | $110.83M |
| Financing Cash Flow | $-2.85B | $-2.37B | $-50.10M | $-1.57B | $-2.13B | $82.80M | $-1.17B | $-195.60M | $-202.60M | $-415.60M | $-105.86M |
| Net Change in Cash | $832.70M | $-380.60M | $1.48B | $-285.00M | $363.80M | $257.30M | $-160.70M | $110.10M | $301.40M | $102.00M | $165.73M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $1.72B | $1.51B | $4.89B | $4.30B |
| Cost of Revenue | $331.70M | $263.40M | $939.70M | $843.10M |
| Gross Profit | $1.39B | $1.24B | $3.95B | $3.45B |
| Operating Expenses | $845.90M | $773.80M | $2.50B | $2.22B |
| Research & Development | $202.40M | $187.30M | $610.50M | $525.70M |
| Operating Income | $547.30M | $470.90M | $1.46B | $1.23B |
| Interest Expense | $6.20M | $5.00M | $15.70M | $15.10M |
| Other Income/Expense | $13.00M | $118.10M | $58.00M | $113.00M |
| Income Before Tax | $594.80M | $626.40M | $1.63B | $1.44B |
| Income Tax Expense | $120.70M | $81.20M | $294.30M | $197.20M |
| Net Income | $473.90M | $539.90M | $1.35B | $1.22B |
| Basic EPS | 0.63 | 0.71 | 1.77 | 1.60 |
| Diluted EPS | 0.62 | 0.70 | 1.75 | 1.58 |
| Basic Shares Outstanding | $755.50M | $765.00M | $763.10M | $763.70M |
| Diluted Shares Outstanding | $761.20M | $771.90M | $770.20M | $770.80M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $2.00B | $2.88B |
| Accounts Receivable | $1.17B | $1.46B |
| Inventory | $426.60M | $315.50M |
| Other Current Assets | $195.20M | $126.10M |
| Total Current Assets | $4.91B | $5.97B |
| Property Plant & Equipment | $1.61B | $1.35B |
| Goodwill | $258.30M | $235.40M |
| Intangible Assets | $110.20M | $115.00M |
| Long-term Investments | $289.10M | - |
| Other Non-current Assets | $135.00M | $133.20M |
| Total Assets | $9.36B | $9.76B |
| Accounts Payable | $221.30M | $190.90M |
| Accrued Liabilities | $330.60M | $337.90M |
| Deferred Revenue | $3.46B | $3.28B |
| Total Current Liabilities | $4.79B | $4.06B |
| Long-term Debt | $496.50M | $994.30M |
| Other Non-current Liabilities | $153.70M | $129.60M |
| Total Liabilities | $8.63B | $8.27B |
| Common Stock | $700.00K | $800.00K |
| Retained Earnings | $-958.50M | $-117.10M |
| Total Stockholders Equity | $735.10M | $1.49B |
| Total Liabilities & Equity | $9.36B | $9.76B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $473.90M | $539.90M | $1.35B | $1.22B |
| Depreciation & Amortization | $38.40M | $29.80M | $112.50M | $87.60M |
| Stock-based Compensation | $71.80M | $65.90M | $207.00M | $192.10M |
| Change in Receivables | - | - | $-308.70M | $-376.50M |
| Change in Inventory | - | - | $109.10M | $-104.90M |
| Change in Payables | - | - | $11.50M | $-32.00M |
| Operating Cash Flow | - | - | $1.97B | $1.78B |
| Capital Expenditure | - | - | $322.00M | $281.30M |
| Acquisitions | - | - | $41.60M | $247.00M |
| Sales of Investments | - | - | $1.32B | $1.38B |
| Investing Cash Flow | - | - | $-552.80M | $-647.50M |
| Stock Issued | - | - | $37.60M | $39.70M |
| Stock Repurchased | - | - | $2.23B | $600.00K |
| Financing Cash Flow | - | - | $-2.30B | $-41.30M |
| Net Change in Cash | - | - | $-880.20M | $1.09B |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.