| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $924M | $894M | $951M | 3.4% | -2.8% |
| Op. Income | $260M | $205M | $281M | 26.8% | -7.5% |
| Gross Margin | 59.7% | 57.4% | 59.4% | 2.4pp | 0.3pp |
| Net Margin | 18.4% | 16.3% | 20.5% | 2.1pp | -2.1pp |
| EPS (Diluted) | $0.36 | $0.31 | $0.41 | 16.1% | -12.2% |
| Free Cash Flow | $129M | $102M | -$24M | 26.5% | 637.5% |
| Item | Amount |
|---|---|
| REVENUE | $924M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $552M |
| R&D Expenses | $0 |
| Selling & Marketing | $120M |
| General & Administrative | $177M |
| SG&A Expenses | $297M |
| Other Expenses | -$5M |
| Operating Expenses | $292M |
| Cost & Expenses | $664M |
| OPERATING INCOME | $260M |
| Interest Income | $4M |
| Interest Expense | $25M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $22M |
| EBIT | $245M |
| EBITDA | $267M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $924M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $552M |
| R&D Expenses | $0 |
| Selling & Marketing | $120M |
| General & Administrative | $177M |
| SG&A Expenses | $297M |
| Other Expenses | -$5M |
| Operating Expenses | $292M |
| Cost & Expenses | $664M |
| OPERATING INCOME | $260M |
| Interest Income | $4M |
| Interest Expense | $25M |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $50M |
| Net Income from Continuing Ops | $170M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $170M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $170M |
| D&A | $22M |
| EBIT | $245M |
| EBITDA | $267M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $170M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $33M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$107M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$138M |
| FREE CASH FLOW | $129M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $471M |
| Short-Term Investments | $0 |
| Net Receivables | $847M |
| Inventory | $2.6B |
| Other Current Assets | $274M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.5B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $48M |
| Other Non-Current Assets | $273M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $687M |
| Short-Term Debt | $626M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $242M |
| Other Non-Current Liabilities | $369M |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $72M |
| Additional Paid-In Capital | $34M |
| Retained Earnings | $4.7B |
| Treasury Stock | -$600M |
| Accum. Other Comp. Income | -$184M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $2.7B |
| Net Debt | $2.2B |
