Revenue Performance: Reported revenue was $13.4 billion, a year-over-year increase of 2.4%, but down 2.93% from the previous quarter.
Profitability Metrics:
- Gross Profit: $7.631 billion (YoY: +13.57%, QoQ: +1.10%)
- Operating Income: $1.729 billion (YoY: +9.29%, QoQ: +18.51%)
- Net Income: $1.404 billion (YoY: +9.69%, QoQ: +28.10%)
- EPS: $3.46 (YoY: +10.19%, QoQ: +29.59%)
These results reflect sound operational efficiency and strategic cost control, with maintained gross and operating margins of 56.9% and 12.9% respectively.
Balance Sheet Health: Total assets stand at $493.6 billion, bolstered by $48.5 billion in cash and cash equivalents, ensuring robust liquidity. Long-term debt is managed at $41.2 billion, with total liabilities at $430.1 billion, resulting in a debt-to-equity ratio of 0.657.
Cash Flow Management: The operating cash flow was solid at $4.667 billion, indicating strong cash generation capabilities, while free cash flow reached $4.319 billion, facilitating ongoing investment in growth initiatives.