• FY25 Revenue: $55.3B (+3.2% YoY)
• FY25 GAAP EPS: $2.65 (−5.7% YoY)
• FY25 Non-GAAP EPS: $3.12 (−9.0% YoY)
• FY25 Cash From Operations: $3.7B
• FY25 Free Cash Flow: $2.9B
• Shareholder Returns: $1.9B (dividends + buybacks)
• Q4 Revenue: $14.6B (+4.2% YoY)
• Q4 GAAP EPS: $0.84
• Dividend: Raised to $0.30/quarter
• Cost Program (FY26–FY28):
– Target: ~$1B gross run-rate savings by end of FY28
– Charges: ~$650M
– Workforce reduction: 4,000–6,000 roles
💬 Stable topline, pressured EPS; new multi-year restructuring to lift margins.