| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.3B | $18.0B | $14.9B | 7.2% | 29.5% |
| Op. Income | $8.7B | $7.5B | $6.3B | 15.6% | 38.7% |
| Gross Margin | 65.6% | 68.0% | 68.0% | -2.4pp | -2.4pp |
| Net Margin | 38.1% | 47.3% | 36.9% | -9.2pp | 1.2pp |
| EPS (Diluted) | $1.50 | $1.74 | $1.14 | -13.8% | 31.6% |
| Free Cash Flow | $8.0B | $7.5B | $6.0B | 7.3% | 33.2% |
| Item | Amount |
|---|---|
| REVENUE | $19.3B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $12.7B |
| R&D Expenses | $3.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $8.7B |
| Interest Income | $0 |
| Interest Expense | $746M |
| Other Income/Expenses | -$486M |
| INCOME BEFORE TAX | $8.2B |
| Income Tax Expense | $846M |
| Net Income from Continuing Ops | $7.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7.3B |
| D&A | $2.2B |
| EBIT | $8.7B |
| EBITDA | $10.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $19.3B |
| Cost of Revenue | $6.6B |
| GROSS PROFIT | $12.7B |
| R&D Expenses | $3.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $8.7B |
| Interest Income | $0 |
| Interest Expense | $746M |
| Other Income/Expenses | -$486M |
| INCOME BEFORE TAX | $8.2B |
| Income Tax Expense | $846M |
| Net Income from Continuing Ops | $7.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7.3B |
| D&A | $2.2B |
| EBIT | $8.7B |
| EBITDA | $10.8B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $7.3B |
| Depreciation & Amortization | $2.2B |
| Stock-Based Compensation | $2.2B |
| Deferred Income Tax | -$455M |
| Other Non-Cash Items | $142M |
| Change in Working Capital | -$3.1B |
| OPERATING CASH FLOW | $8.3B |
| Capital Expenditure | -$250M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$114M |
| Sales/Maturities of Investments | $244M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$115M |
| Net Debt Issuance | $824M |
| Common Stock Repurchased | -$7.8B |
| Common Dividends Paid | -$3.1B |
| Other Financing Activities | -$37M |
| NET CASH FROM FINANCING | -$10.1B |
| FREE CASH FLOW | $8.0B |
| Net Change in Cash | -$2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14.2B |
| Short-Term Investments | $0 |
| Net Receivables | $8.5B |
| Inventory | $3.0B |
| Other Current Assets | $6.5B |
| TOTAL CURRENT ASSETS | $32.1B |
| PP&E (Net) | $2.6B |
| Goodwill | $97.8B |
| Intangible Assets | $30.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.1B |
| TOTAL NON-CURRENT ASSETS | $137.8B |
| TOTAL ASSETS | $169.9B |
| Account Payables | $2.1B |
| Short-Term Debt | $2.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.6B |
| TOTAL CURRENT LIABILITIES | $16.9B |
| Long-Term Debt | $63.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9.4B |
| TOTAL NON-CURRENT LIABILITIES | $73.2B |
| TOTAL LIABILITIES | $90.0B |
| Common Stock | $5M |
| Additional Paid-In Capital | $73.1B |
| Retained Earnings | $6.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $212M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $79.9B |
| TOTAL LIABILITIES & EQUITY | $169.9B |
| Total Debt | $66.1B |
| Net Debt | $51.9B |
