| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.9B | $5.2B | -10.8% | 1.6% |
| Op. Income | $594M | $697M | $453M | -14.8% | 31.1% |
| Gross Margin | 44.6% | 47.5% | 43.2% | -2.9pp | 1.4pp |
| Net Margin | 7.3% | 8.4% | 5.9% | -1.1pp | 1.4pp |
| EPS (Diluted) | $1.34 | $1.72 | $1.04 | -22.1% | 28.8% |
| Free Cash Flow | $549M | $1.0B | $588M | -45.2% | -6.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $318M |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $594M |
| Interest Income | $4M |
| Interest Expense | $107M |
| Other Income/Expenses | -$107M |
| INCOME BEFORE TAX | $487M |
| Income Tax Expense | $105M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $614M |
| EBIT | $594M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $318M |
| Selling & Marketing | $0 |
| General & Administrative | $1.4B |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $1.8B |
| Cost & Expenses | $4.7B |
| OPERATING INCOME | $594M |
| Interest Income | $4M |
| Interest Expense | $107M |
| Other Income/Expenses | -$107M |
| INCOME BEFORE TAX | $487M |
| Income Tax Expense | $105M |
| Net Income from Continuing Ops | $382M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $382M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $382M |
| D&A | $614M |
| EBIT | $594M |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $382M |
| Depreciation & Amortization | $614M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$415M |
| OPERATING CASH FLOW | $657M |
| Capital Expenditure | -$108M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$75M |
| NET CASH FROM INVESTING | -$183M |
| Net Debt Issuance | $317M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$299M |
| Other Financing Activities | -$70M |
| NET CASH FROM FINANCING | -$302M |
| FREE CASH FLOW | $549M |
| Net Change in Cash | $173M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $11M |
| Net Receivables | $2.5B |
| Inventory | $4.1B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $9.2B |
| PP&E (Net) | $7.0B |
| Goodwill | $26.6B |
| Intangible Assets | $9.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $45.7B |
| TOTAL ASSETS | $54.8B |
| Account Payables | $6.1B |
| Short-Term Debt | $2.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8.8B |
| Long-Term Debt | $16.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $20.8B |
| TOTAL LIABILITIES | $29.6B |
| Common Stock | $371M |
| Additional Paid-In Capital | $20.1B |
| Retained Earnings | $16.7B |
| Treasury Stock | -$10.1B |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.3B |
| TOTAL LIABILITIES & EQUITY | $54.8B |
| Total Debt | $19.5B |
| Net Debt | $18.5B |
