| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.1B | 2.7% | 0.7% |
| Op. Income | $431M | $413M | $406M | 4.4% | 6.0% |
| Gross Margin | 46.5% | 45.3% | 44.7% | 1.2pp | 1.8pp |
| Net Margin | 35.0% | 35.2% | 31.6% | -0.3pp | 3.4pp |
| EPS (Diluted) | $0.41 | $0.41 | $0.37 | 0.0% | 10.8% |
| Free Cash Flow | $427M | $351M | $246M | 21.8% | 74.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $618M |
| GROSS PROFIT | $537M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $92M |
| SG&A Expenses | $92M |
| Other Expenses | $14M |
| Operating Expenses | $106M |
| Cost & Expenses | $724M |
| OPERATING INCOME | $431M |
| Interest Income | $54M |
| Interest Expense | $0 |
| Other Income/Expenses | $56M |
| INCOME BEFORE TAX | $487M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $402M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $404M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $404M |
| D&A | $47M |
| EBIT | $431M |
| EBITDA | $478M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $618M |
| GROSS PROFIT | $537M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $92M |
| SG&A Expenses | $92M |
| Other Expenses | $14M |
| Operating Expenses | $106M |
| Cost & Expenses | $724M |
| OPERATING INCOME | $431M |
| Interest Income | $54M |
| Interest Expense | $0 |
| Other Income/Expenses | $56M |
| INCOME BEFORE TAX | $487M |
| Income Tax Expense | $85M |
| Net Income from Continuing Ops | $402M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $404M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $404M |
| D&A | $47M |
| EBIT | $431M |
| EBITDA | $478M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $402M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $802.0K |
| Change in Working Capital | $63M |
| OPERATING CASH FLOW | $535M |
| Capital Expenditure | -$108M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1.9B |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $450.0K |
| FREE CASH FLOW | $427M |
| Net Change in Cash | $2.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.2B |
| Short-Term Investments | $10M |
| Net Receivables | $760M |
| Inventory | $40M |
| Other Current Assets | $158M |
| TOTAL CURRENT ASSETS | $6.2B |
| PP&E (Net) | $3.7B |
| Goodwill | $519M |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $10.6B |
| Account Payables | $607M |
| Short-Term Debt | $18M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $781M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $86M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $181M |
| TOTAL LIABILITIES | $962M |
| Common Stock | $97.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $8.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.6B |
| Minority Interest | $19M |
| TOTAL EQUITY | $9.6B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $100M |
| Net Debt | -$5.1B |
