| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $67.3B | $86.2B | $62.2B | -21.9% | 8.3% |
| Op. Income | $2.5B | $3.3B | $2.2B | -26.3% | 12.2% |
| Gross Margin | 13.1% | 12.9% | 12.9% | 0.2pp | 0.1pp |
| Net Margin | 3.0% | 3.0% | 2.9% | -0.1pp | 0.1pp |
| EPS (Diluted) | $4.50 | $5.87 | $4.04 | -23.3% | 11.4% |
| Free Cash Flow | $3.2B | $1.9B | $2.0B | 66.3% | 58.4% |
| Item | Amount |
|---|---|
| REVENUE | $67.3B |
| Cost of Revenue | $58.5B |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.3B |
| Other Expenses | $0 |
| Operating Expenses | $6.3B |
| Cost & Expenses | $64.8B |
| OPERATING INCOME | $2.5B |
| Interest Income | $130M |
| Interest Expense | $35M |
| Other Income/Expenses | $120M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $582M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $597M |
| EBIT | $2.6B |
| EBITDA | $3.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $67.3B |
| Cost of Revenue | $58.5B |
| GROSS PROFIT | $8.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.3B |
| Other Expenses | $0 |
| Operating Expenses | $6.3B |
| Cost & Expenses | $64.8B |
| OPERATING INCOME | $2.5B |
| Interest Income | $130M |
| Interest Expense | $35M |
| Other Income/Expenses | $120M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $582M |
| Net Income from Continuing Ops | $2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.0B |
| D&A | $597M |
| EBIT | $2.6B |
| EBITDA | $3.2B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $2.0B |
| Depreciation & Amortization | $597M |
| Stock-Based Compensation | $486M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $70M |
| Change in Working Capital | $1.5B |
| OPERATING CASH FLOW | $4.7B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$195M |
| Sales/Maturities of Investments | $340M |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$210M |
| Common Dividends Paid | -$577M |
| Other Financing Activities | -$380M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $3.2B |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.2B |
| Short-Term Investments | $966M |
| Net Receivables | $3.2B |
| Inventory | $21.1B |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $43.4B |
| PP&E (Net) | $35.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.0B |
| TOTAL NON-CURRENT ASSETS | $39.4B |
| TOTAL ASSETS | $82.8B |
| Account Payables | $23.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.4B |
| TOTAL CURRENT LIABILITIES | $41.8B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.7B |
| TOTAL LIABILITIES | $52.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $8.4B |
| Retained Earnings | $23.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.0B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $30.3B |
| TOTAL LIABILITIES & EQUITY | $82.8B |
| Total Debt | $8.1B |
| Net Debt | -$8.1B |
