| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.5B | $3.4B | -0.7% | 1.7% |
| Op. Income | $1.3B | $1.1B | $1.0B | 12.9% | 20.4% |
| Gross Margin | 47.9% | 31.6% | 30.4% | 16.3pp | 17.5pp |
| Net Margin | 23.2% | 20.5% | 18.9% | 2.7pp | 4.3pp |
| EPS (Diluted) | $0.43 | $0.39 | $0.34 | 10.3% | 26.5% |
| Free Cash Flow | $729M | $709M | $536M | 2.8% | 36.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $415M |
| Operating Expenses | $415M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $213M |
| Other Income/Expenses | -$190M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $256M |
| Net Income from Continuing Ops | $807M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $807M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $807M |
| D&A | $415M |
| EBIT | $1.3B |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $415M |
| Operating Expenses | $415M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $213M |
| Other Income/Expenses | -$190M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $256M |
| Net Income from Continuing Ops | $807M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $807M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $807M |
| D&A | $415M |
| EBIT | $1.3B |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $807M |
| Depreciation & Amortization | $415M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $51M |
| Other Non-Cash Items | -$47M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$543M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$140M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $111M |
| NET CASH FROM INVESTING | -$567M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$222M |
| Common Dividends Paid | -$260M |
| Other Financing Activities | $73M |
| NET CASH FROM FINANCING | -$411M |
| FREE CASH FLOW | $729M |
| Net Change in Cash | $294M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $964M |
| Short-Term Investments | $145M |
| Net Receivables | $1.4B |
| Inventory | $439M |
| Other Current Assets | $176M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $36.8B |
| Goodwill | $264M |
| Intangible Assets | $0 |
| Long-Term Investments | $2.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $41.1B |
| TOTAL ASSETS | $44.2B |
| Account Payables | $1.1B |
| Short-Term Debt | $710M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $803M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $18.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8.0B |
| Other Non-Current Liabilities | $838M |
| TOTAL NON-CURRENT LIABILITIES | $27.4B |
| TOTAL LIABILITIES | $30.7B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $10.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$212M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.6B |
| Minority Interest | $6M |
| TOTAL EQUITY | $13.6B |
| TOTAL LIABILITIES & EQUITY | $44.2B |
| Total Debt | $19.3B |
| Net Debt | $18.4B |
