Revenue: USD 64.73B, YoY +15.2%, QoQ +4.64%; Gross profit: USD 45.04B, margin 69.59%, YoY +14.34%, QoQ +3.90%; Operating income: USD 27.93B, margin 43.14%, YoY +15.14%, QoQ +1.25%; Net income: USD 22.04B, margin 34.04%, YoY +9.74%, QoS EPS: USD 2.96 (diluted USD 2.95), YoY EPS +9.63%, QoQ +0.34%; EBITDA: USD 34.33B, EBITDA margin ~53.0%; Cash flow: Operating cash flow USD 37.20B; Free cash flow USD 23.32B; Capex USD 13.87B; Net change in cash: -USD 1.32B; Cash and cash equivalents USD 18.32B; Short-term investments USD 57.22B; Total debt USD 67.13B; Net debt USD 48.81B; Current ratio 1.28, Quick ratio 1.27; Dividend payout ~25.3% of net income; FCF per share USD 3.14; Operating cash flow per share USD 5.00; Valuation: P/E ~38x, P/B ~12.5x, P/S ~52x, FCF yield modest given high capex for AI initiatives.