Capital expenditures were $172 million, down from $288 million, focused on lab and manufacturing investments in the US and Asia.
Customer Support Business Group revenue was approximately $1.7 billion, consistent with prior quarters, with a third consecutive record quarter for upgrade revenue.
Deferred revenue balance increased by approximately $670 million from the prior quarter to $2.68 billion, related to advanced payments from newer customers.
Earnings per share were $1.33, exceeding the high end of guidance due to higher revenue, strong gross margin, and a lower tax rate of 4.8%.
Fiscal year 2025 revenue was a record $18.4 billion with a gross margin of 48.8%, and free cash flow was approximately $5.4 billion or 29% of revenue.
Gross margin reached 50.3%, the highest since the Lam-Novellus merger, and operating margin was 34.4%, near the high end of guidance.
Headcount increased by approximately 400 employees, primarily in R&D and manufacturing support.
Inventory turns improved to 2.4x from 2.2x, and days sales outstanding decreased to 59 days from 62 days.
Lam Research delivered revenues of $5.17 billion in the June 2025 quarter, a 10% increase from the prior quarter.
Regional revenue composition included 35% from China (up from 31%), 22% from Korea, 19% from Taiwan, and a record 14% from Japan.
Adjusted EBITDA rose 108% to $85 million, exceeding consensus and the high end of guidance, with a 43% profit margin in commercial real estate information and marketplace businesses.
Apartments.com revenue grew 11% to $292 million, with a 20% increase in net new bookings year-over-year and a 99% monthly renewal rate.
BizBuySell revenue increased 9% to $8.8 million with a 200% increase in net new bookings year-over-year.
CoStar Group reported Q2 2025 revenue of $781 million, a 15% increase year-over-year, marking 57 consecutive quarters of double-digit revenue growth.
CoStar product revenue grew 7% year-over-year with a 93% renewal rate and a 70% NPS for the U.S. sales team.
Homes.com revenue grew 8% year-over-year with 6,300 net new members, a 56% increase in membership, and a 340% quarter-over-quarter increase in NPS to 38.
International businesses achieved 90% year-over-year net new bookings growth in Q2 2025, with U.K. revenue up 14% and cost savings of $40 million in Europe.
LoopNet revenue grew 8% year-over-year with net new bookings up 345% in the first half of 2025 compared to 2024.
Matterport revenue was $44 million, beating guidance, though the business is not yet profitable and growth has slowed.
Net new bookings reached a record $93 million, a 65% sequential increase and 38% year-over-year growth.
Adjusted EBITDA was $877 million with a 28.4% margin, down 250 basis points year-over-year, impacted by a $46 million onetime RDOF giveback and special items totaling $152 million.
Fiber broadband revenue in Mass Markets increased 19.9% year-over-year, with 117,000 fiber-enabled homes added and 34,000 Quantum Fiber customers added during the quarter.
Free cash flow excluding special items was negative $209 million, with capital expenditures at $891 million.
Lumen reported total revenue decline of 5.4% to $3.092 billion in 2Q 2025, with business segment revenue down 3.4% to $2.49 billion and Mass Markets segment revenue down 12.8% to $602 million.
North American enterprise channels revenue declined 2.4% year-over-year, with Grow product revenue up 8.5%, Nurture down 18%, and Harvest up 2.1%.
Public Sector revenue grew 8.2% year-over-year, helped by Grow revenue up 9.4% and Harvest revenue up approximately 49%, though Harvest is expected to normalize in H2 2025.
Total business Grow revenue increased 6% year-over-year, with total IP sales up nearly 38% and IP revenue up mid-single digits.
Wholesale revenue declined approximately 5%, with Harvest revenue down 6.2% and Nurture revenue down 8.6%.
Alight reported second quarter 2025 revenue of $528 million with adjusted EBITDA of $127 million, reflecting an 80 basis point margin increase year-over-year.
Alight returned $42 million to shareholders via dividends and $20 million in share repurchases during the quarter.
Cash and cash equivalents at quarter end were $227 million, with total debt at $2 billion and a net leverage ratio of 3.1x, expected to normalize below 3x later in the year.
Free cash flow for the first half of 2025 was $102 million, up 31% from the prior year, on track for an annual target of $250 million to $285 million.
Recurring revenue comprised over 93% of total revenue, totaling $492 million for the quarter, with nonrecurring project revenues down 20% year-over-year.
The company took a noncash goodwill impairment charge of $983 million due to current market valuation and macro conditions.
Dafinchi