Cash and marketable securities ended at $108 million, with total liquidity access over $500 million including credit lines and financing programs.
Free cash flow improved to roughly $53 million, better than Q1 but below the prior year, driven by working capital investments and equity financing proceeds.
Gross loss was $12.4 million GAAP and $10.8 million non-GAAP, below guidance due to a $3 million noncash warranty adjustment and $1 million tariff charges.
Operating expenses were $27 million GAAP and $47 million non-GAAP, including noncash and nonrecurring charges, partially offset by cost-cutting actions.
Q2 revenue was $15.6 million, down 17% sequentially and 5% year-over-year, primarily due to lower sensor shipments and wind down of non-data contracts.
Complementary segment non-GAAP revenue increased 11% in Q4 with 155 basis points margin expansion; full year revenue grew 9% with 117 basis points margin expansion.
Core segment non-GAAP revenue grew 7% in Q4 with a 274 basis point margin expansion; full year core revenue grew 6% with 113 basis points margin expansion.
Fiscal 2025 non-GAAP revenue reached $2.3 billion and non-GAAP operating income was $541.1 million, both record highs.
Fully diluted GAAP EPS was $1.75 in Q4 (up 26%) and $6.24 for fiscal 2025 (up 19%).
GAAP revenue grew 10% in Q4 and 7% for the full year; non-GAAP revenue grew 8% in Q4 and 6% for the full year.
Operating cash flow for fiscal 2025 was a record $642 million, with free cash flow at $410 million and a 90% free cash flow conversion rate.
Payments segment non-GAAP revenue grew 6% in Q4 with 99 basis points margin expansion; full year revenue grew 6% with 109 basis points margin expansion.
Q4 non-GAAP revenue increased 7.5% with a non-GAAP operating margin of 23.2%, expanding 146 basis points year-over-year.
All-flash array revenue grew 5% year-over-year to $893 million, with an annualized run rate of $3.6 billion.
Cash flow from operations reached a record $673 million; free cash flow was $620 million. Strong balance sheet with $3.3 billion in cash and $2.5 billion in debt, net cash position approximately $840 million.
Consolidated gross margin improved sequentially by 1.6 points to 71.1%.
Diluted EPS was $1.55, aligned with expectations.
Hybrid cloud revenue was $1.4 billion, up 1% year-over-year, driven by 3% growth in support and 18% growth in professional services.
Operating margin was 25.7% with operating profit of $401 million.
Public cloud revenue was $161 million, up 1% year-over-year and 18% excluding the divested Spot business.
Q1 revenue was $1.56 billion, up 1% year-over-year and above the midpoint of guidance.
Dafinchi