$6.80B
Revenue
$1.85B
Net Income
80.46%
Gross Margin
30.66%
Op. Margin
$4.10B
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.91B | $1.72B | $1.63B | $1.54B | $1.66B | $1.51B | $1.43B | $1.35B | $1.42B | $1.33B | $1.29B | $1.26B | $1.28B | $1.15B |
| Revenue Growth % (YoY) | 14.8% | 14.4% | 13.6% | 13.8% | 17.3% | 13.0% | 10.9% | 7.2% | 10.3% | 16.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $389.20M | $331.70M | $314.90M | $293.10M | $314.50M | $263.40M | $275.00M | $304.70M | $315.90M | $317.70M | $295.80M | $307.80M | $297.30M | $283.00M |
| Gross Profit | $1.52B | $1.39B | $1.32B | $1.25B | $1.35B | $1.24B | $1.16B | $1.05B | $1.10B | $1.02B | $997.00M | $954.50M | $985.70M | $866.50M |
| Gross Margin % | 79.6% | 80.8% | 80.7% | 81.0% | 81.1% | 82.5% | 80.8% | 77.5% | 77.7% | 76.2% | 77.1% | 75.6% | 76.8% | 75.4% |
| Operating Expenses | $890.20M | $845.90M | $857.10M | $792.80M | $771.50M | $773.80M | $722.10M | $727.40M | $713.80M | $713.70M | $718.00M | $681.00M | $627.90M | $601.00M |
| Research & Development | $205.00M | $202.40M | $209.50M | $198.60M | $191.10M | $187.30M | $165.40M | $173.00M | $152.50M | $156.90M | $153.30M | $151.10M | $128.90M | $134.30M |
| Operating Income | $625.60M | $547.30M | $458.00M | $453.80M | $574.10M | $470.90M | $437.20M | $321.20M | $385.40M | $303.20M | $279.00M | $273.50M | $357.80M | $265.50M |
| Operating Margin % | 32.8% | 31.7% | 28.1% | 29.5% | 34.6% | 31.2% | 30.5% | 23.7% | 27.2% | 22.7% | 21.6% | 21.7% | 27.9% | 23.1% |
| Interest Expense | $4.40M | $6.20M | $4.60M | $4.90M | $4.90M | $5.00M | $5.00M | $5.10M | $5.40M | $5.40M | $5.20M | $5.00M | $4.50M | $4.50M |
| Other Income/Expense | $-2.70M | $13.00M | $18.90M | $26.10M | $6.90M | $11.80M | $-2.20M | $-2.90M | $5.10M | $-7.00M | $-6.20M | $2.00M | $5.80M | $-900.00K |
| Income Before Tax | $650.80M | $594.80M | $517.30M | $519.30M | $618.40M | $626.40M | $468.30M | $345.40M | $415.60M | $327.80M | $299.20M | $291.10M | $368.20M | $264.70M |
| Income Tax Expense | $144.80M | $120.70M | $77.10M | $96.50M | $86.70M | $81.20M | $76.50M | $39.50M | $95.20M | $-300.00K | $27.60M | $21.30M | $9.20M | $27.30M |
| Net Income | $506.00M | $473.90M | $440.10M | $433.40M | $526.20M | $539.90M | $379.80M | $299.30M | $310.90M | $322.90M | $266.30M | $247.70M | $313.80M | $231.60M |
| Net Margin % | 26.6% | 27.5% | 27.0% | 28.1% | 31.7% | 35.8% | 26.5% | 22.1% | 22.0% | 24.2% | 20.6% | 19.6% | 24.5% | 20.1% |
| Basic EPS | 0.68 | 0.63 | 0.57 | 0.56 | 0.68 | 0.71 | 0.50 | 0.39 | 0.40 | 0.41 | 0.34 | 0.32 | 0.40 | 0.29 |
| Diluted EPS | 0.67 | 0.62 | 0.57 | 0.56 | 0.68 | 0.70 | 0.49 | 0.39 | 0.41 | 0.41 | 0.33 | 0.31 | 0.39 | 0.29 |
| Basic Shares Outstanding | - | 755.5M | 765.5M | 768.3M | 700K | 765.0M | 763.8M | 762.4M | -4.5M | 781.2M | 785.0M | 783.2M | -3.6M | 786.2M |
| Diluted Shares Outstanding | - | 761.2M | 772.7M | 776.8M | 1.1M | 771.9M | 769.9M | 770.5M | -5.3M | 791.2M | 795.9M | 793.4M | -4.5M | 798.6M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.50B | $2.00B | $3.37B | $3.60B | $2.88B | $2.49B | $2.20B | $1.93B | $1.40B | $2.19B | $2.38B | $2.30B | $1.68B | $964.00M |
| Accounts Receivable | $1.69B | $1.17B | $1.22B | $1.17B | $1.46B | $1.04B | $1.08B | $996.20M | $1.40B | $1.01B | $1.08B | $1.09B | $1.26B | $963.20M |
| Inventory | $399.50M | $426.60M | $405.20M | $362.70M | $315.50M | $354.30M | $383.20M | $439.50M | $484.80M | $467.50M | $376.30M | $302.70M | $264.60M | $215.80M |
| Other Current Assets | $227.00M | $195.20M | $162.50M | $125.40M | $126.10M | $121.50M | $113.40M | $100.90M | $101.10M | $102.60M | $109.50M | $89.70M | $73.10M | $72.80M |
| Total Current Assets | $5.90B | $4.91B | $6.35B | $6.44B | $5.97B | $5.22B | $4.92B | $4.56B | $4.43B | $4.75B | $4.88B | $4.36B | $3.81B | $2.98B |
| Property Plant & Equipment | $1.62B | $1.61B | $1.54B | $1.40B | $1.35B | $1.27B | $1.24B | $1.25B | $1.04B | $1.04B | $981.90M | $917.40M | $898.50M | $889.50M |
| Goodwill | $257.40M | $258.30M | $258.90M | $236.20M | $235.40M | $212.80M | $127.90M | $129.00M | $126.50M | $125.40M | $126.00M | $127.80M | $128.00M | $120.20M |
| Intangible Assets | $97.30M | $110.20M | $123.30M | $121.20M | $115.00M | $111.60M | $30.20M | $34.10M | $35.30M | $39.60M | $44.60M | $51.10M | $56.00M | $38.80M |
| Long-term Investments | $339.70M | $289.10M | $112.00M | $35.20M | - | - | - | - | - | $1.50M | $4.20M | $15.60M | $45.50M | $84.00M |
| Other Non-current Assets | $125.20M | $135.00M | $133.50M | $120.20M | $133.20M | $133.80M | $137.40M | $149.40M | $150.00M | $163.70M | $163.30M | $175.20M | $202.00M | $225.20M |
| Total Assets | $10.39B | $9.36B | $10.64B | $10.41B | $9.76B | $8.85B | $8.05B | $7.66B | $7.26B | $7.48B | $7.49B | $6.83B | $6.23B | $5.34B |
| Accounts Payable | $230.80M | $221.30M | $245.20M | $224.50M | $190.90M | $177.90M | $132.10M | $135.20M | $204.30M | $253.90M | $238.30M | $238.40M | $243.40M | $215.10M |
| Accrued Liabilities | $354.60M | $330.60M | $339.10M | $415.00M | $337.90M | $376.60M | $400.60M | $538.70M | $423.70M | $317.20M | $266.80M | $346.70M | $266.30M | $244.80M |
| Deferred Revenue | $3.64B | $3.46B | $3.41B | $3.34B | $3.28B | $3.08B | $2.98B | $2.91B | $2.85B | $2.65B | $2.59B | $2.46B | $2.35B | $2.13B |
| Total Current Liabilities | $5.03B | $4.79B | $4.78B | $4.73B | $4.06B | $3.88B | $3.73B | $3.80B | $3.72B | $3.65B | $3.50B | $3.26B | $3.08B | $2.78B |
| Long-term Debt | $496.60M | $496.50M | $496.30M | $496.20M | $994.30M | $993.80M | $993.30M | $992.80M | $992.30M | $991.80M | $991.30M | $990.90M | $990.40M | $989.90M |
| Other Non-current Liabilities | $141.30M | $153.70M | $152.50M | $141.10M | $129.60M | $135.70M | $125.20M | $128.50M | $124.70M | $64.60M | $73.00M | $80.10M | $82.00M | $56.90M |
| Total Liabilities | $9.15B | $8.63B | $8.58B | $8.44B | $8.27B | $7.94B | $7.76B | $7.80B | $7.72B | $7.41B | $7.16B | $6.82B | $6.51B | $5.96B |
| Common Stock | $700.00K | $700.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K | $800.00K |
| Retained Earnings | $-507.90M | $-958.50M | $364.40M | $316.30M | $-117.10M | $-643.30M | $-1.18B | $-1.56B | $-1.86B | $-1.30B | $-1.03B | $-1.30B | $-1.55B | $-1.86B |
| Total Stockholders Equity | $1.24B | $735.10M | $2.06B | $1.96B | $1.49B | $908.10M | $288.20M | $-137.50M | $-463.40M | $74.10M | $321.20M | $11.40M | $-281.60M | $-634.70M |
| Total Liabilities & Equity | $10.39B | $9.36B | $10.64B | $10.41B | $9.76B | $8.85B | $8.05B | $7.66B | $7.26B | $7.48B | $7.49B | $6.83B | $6.23B | $5.34B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $506.00M | $473.90M | $873.50M | $433.40M | $526.20M | $539.90M | $679.10M | $299.30M | $310.90M | $322.90M | $266.30M | $247.70M | $313.80M | $231.60M |
| Depreciation & Amortization | $39.50M | $38.40M | $74.10M | $35.80M | $35.20M | $87.60M | $57.80M | $28.60M | $30.20M | $83.20M | $54.90M | $27.50M | $27.30M | $77.00M |
| Stock-based Compensation | $72.50M | $71.80M | $135.20M | $66.10M | $65.80M | $192.10M | $126.20M | $62.30M | $63.40M | $185.60M | $121.30M | $56.30M | $54.70M | $162.60M |
| Change in Receivables | $524.60M | $-308.70M | $-262.70M | $-303.90M | $421.90M | $-376.50M | $-318.90M | $-405.60M | $389.80M | $-243.40M | $-179.00M | $-171.10M | $294.00M | $162.70M |
| Change in Inventory | $-18.50M | $109.10M | $79.60M | $34.10M | $-26.30M | $-104.90M | $-85.20M | $-36.50M | $22.50M | $231.00M | $130.20M | $45.30M | $49.40M | $59.70M |
| Change in Payables | $16.40M | $11.50M | $46.80M | $24.60M | $21.80M | $-32.00M | $-67.20M | $-61.60M | $-53.50M | $10.40M | $-3.60M | $-4.10M | $26.60M | $78.60M |
| Operating Cash Flow | $620.20M | $1.97B | $1.32B | $863.30M | $477.60M | $1.78B | $1.17B | $830.40M | $191.70M | $1.74B | $1.19B | $677.50M | $528.10M | $1.20B |
| Capital Expenditure | $42.80M | $322.00M | $234.30M | $66.50M | $97.60M | $281.30M | $245.00M | $221.90M | $26.90M | $177.20M | $107.10M | $30.30M | $30.90M | $250.30M |
| Acquisitions | - | $41.60M | $41.60M | $11.20M | $28.50M | $247.00M | $5.70M | $5.70M | - | - | - | - | $30.80M | - |
| Sales of Investments | $475.10M | $1.32B | $869.60M | $466.90M | $509.00M | $1.38B | $904.60M | $393.40M | $483.30M | $931.50M | $445.10M | $195.00M | $279.10M | $1.18B |
| Investing Cash Flow | $-46.30M | $-552.80M | $-377.00M | $-110.80M | $-79.90M | $-647.50M | $-320.40M | $-270.30M | $-71.60M | $-577.70M | $-466.50M | $-42.40M | $217.40M | $546.50M |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Issued | $7.10M | $37.60M | $31.30M | $20.20M | $23.40M | $39.70M | $19.60M | $13.40M | $7.80M | $36.00M | $29.30M | $21.20M | $4.40M | $21.70M |
| Stock Repurchased | $57.20M | $2.23B | $401.10M | - | - | $600.00K | - | - | $896.20M | $604.30M | - | - | - | $1.99B |
| Financing Cash Flow | $-72.70M | $-2.30B | $-446.90M | $-32.70M | $-8.80M | $-41.30M | $-44.30M | $-30.30M | $-910.10M | $-660.30M | $-31.40M | $-13.70M | $-27.40M | $-2.10B |
| Net Change in Cash | $499.60M | $-880.20M | $492.60M | $720.70M | $386.60M | $1.09B | $805.30M | $528.40M | $-788.90M | $503.90M | $693.40M | $621.30M | $718.90M | $-355.10M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.