| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.6B | $13.9B | $13.3B | -1.7% | 2.1% |
| Op. Income | $2.9B | $2.9B | $2.6B | 0.0% | 12.7% |
| Gross Margin | 62.6% | 42.6% | 42.4% | 20.0pp | 20.3pp |
| Net Margin | 9.9% | 7.8% | 8.1% | 2.1pp | 1.8pp |
| EPS (Diluted) | $0.45 | $0.37 | $0.36 | 21.9% | 25.8% |
| Free Cash Flow | $188M | $2.5B | $1.2B | -92.3% | -84.2% |
| Item | Amount |
|---|---|
| REVENUE | $13.6B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $8.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.0B |
| SG&A Expenses | $3.0B |
| Other Expenses | $2.6B |
| Operating Expenses | $5.6B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $682M |
| Other Income/Expenses | -$696M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $793M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $3M |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $2.5B |
| EBIT | $2.9B |
| EBITDA | $5.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $13.6B |
| Cost of Revenue | $5.1B |
| GROSS PROFIT | $8.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.0B |
| SG&A Expenses | $3.0B |
| Other Expenses | $2.6B |
| Operating Expenses | $5.6B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $2.9B |
| Interest Income | $0 |
| Interest Expense | $682M |
| Other Income/Expenses | -$696M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $793M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $3M |
| NET INCOME | $1.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.3B |
| D&A | $2.5B |
| EBIT | $2.9B |
| EBITDA | $5.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1.3B |
| Depreciation & Amortization | $2.5B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$698M |
| Change in Working Capital | -$1.7B |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$58M |
| Common Stock Repurchased | -$79M |
| Common Dividends Paid | -$39M |
| Other Financing Activities | -$90M |
| NET CASH FROM FINANCING | -$266M |
| FREE CASH FLOW | $188M |
| Net Change in Cash | $754M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $0 |
| Net Receivables | $13.8B |
| Inventory | $1.6B |
| Other Current Assets | $1.5B |
| TOTAL CURRENT ASSETS | $22.1B |
| PP&E (Net) | $51.5B |
| Goodwill | $9.1B |
| Intangible Assets | $8.2B |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.9B |
| TOTAL NON-CURRENT ASSETS | $84.0B |
| TOTAL ASSETS | $106.1B |
| Account Payables | $8.1B |
| Short-Term Debt | $6.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.3B |
| TOTAL CURRENT LIABILITIES | $30.7B |
| Long-Term Debt | $24.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15.7B |
| TOTAL NON-CURRENT LIABILITIES | $50.3B |
| TOTAL LIABILITIES | $81.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $25.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.1B |
| TOTAL LIABILITIES & EQUITY | $106.1B |
| Total Debt | $42.9B |
| Net Debt | $37.7B |