Revenue: $14.13B, YoY +6.40%, QoQ +0.51%. Gross Profit: $9.94B, Margin 70.31%, YoY +5.57%, QoQ -0.39%. Operating Income: $4.36B, Margin 30.84%, YoY +16.21%, QoQ +3.27%. Net Income: $2.94B, Margin 20.78%, YoY +22.28%, QoQ -6.82%. EPS: $1.05, Diluted $1.02; YoY +20.69%, QoQ -7.08%. EBITDA: $6.33B, EBITDA Margin ~44.78%. Cash Flow: Operating cash flow $5.93B; Capex $5.86B; Free cash flow $71M; Net change in cash $6.465B; Ending cash $17.406B. Balance Sheet: Total assets $161.38B; Total liabilities $144.12B; Shareholders’ equity $16.73B; Cash & equivalents $17.41B; Debt total $96.28B; Net debt $78.87B. Valuation (as of QQ3 2025): P/E 38.84x, P/S 32.28x, P/B 27.27x; Enterprise value multiple 90.82x; Dividend yield 0.25%. Key ratios: Gross margin 70.31%; Operating margin 30.84%; Net margin 20.78%; ROA 1.82%; ROE 17.5%; CF/FCF per share $2.12 / $0.025.