Q1 2026 Earnings

Reported April 14, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$6.7B	—	$5.3B	—	27.0%
Op. Income	$2.8B	—	$1.7B	—	65.7%
Gross Margin	62.6%	—	47.9%	—	14.8pp
Net Margin	30.9%	—	28.6%	—	2.3pp
EPS (Diluted)	$12.53	—	$9.64	—	30.0%

Revenue Flow

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$3.9B
OPERATING INCOME	$2.8B
Interest Income	$6M
Interest Expense	$44M
Other Income/Expenses	$28M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$774M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$0
EBIT	$2.8B
EBITDA	$2.8B
EPS	$14
EPS Diluted	$13

Income Statement

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$3.9B
OPERATING INCOME	$2.8B
Interest Income	$6M
Interest Expense	$44M
Other Income/Expenses	$28M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$774M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$0
EBIT	$2.8B
EBITDA	$2.8B
EPS	$14
EPS Diluted	$13