| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.6B | $12.1B | $8.3B | -20.5% | 16.3% |
| Op. Income | $1.6B | $1.9B | $1.5B | -17.9% | 5.2% |
| Gross Margin | 34.7% | 32.6% | 39.0% | 2.1pp | -4.4pp |
| Net Margin | 6.8% | 8.8% | 10.5% | -2.0pp | -3.7pp |
| EPS (Diluted) | $2.42 | $3.93 | $3.19 | -38.4% | -24.1% |
| Free Cash Flow | -$1.6B | $2.6B | -$1.9B | -160.0% | 17.9% |
| Item | Amount |
|---|---|
| REVENUE | $9.6B |
| Cost of Revenue | $6.3B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $554M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $972M |
| Other Expenses | $250M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $8.1B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $719M |
| Other Income/Expenses | -$704M |
| INCOME BEFORE TAX | $851M |
| Income Tax Expense | $196M |
| Net Income from Continuing Ops | $655M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $656M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $656M |
| D&A | $590M |
| EBIT | $1.6B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.6B |
| Cost of Revenue | $6.3B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $554M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $972M |
| Other Expenses | $250M |
| Operating Expenses | $1.8B |
| Cost & Expenses | $8.1B |
| OPERATING INCOME | $1.6B |
| Interest Income | $0 |
| Interest Expense | $719M |
| Other Income/Expenses | -$704M |
| INCOME BEFORE TAX | $851M |
| Income Tax Expense | $196M |
| Net Income from Continuing Ops | $655M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $656M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $656M |
| D&A | $590M |
| EBIT | $1.6B |
| EBITDA | $2.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $656M |
| Depreciation & Amortization | $590M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $18M |
| Other Non-Cash Items | $76M |
| Change in Working Capital | -$2.2B |
| OPERATING CASH FLOW | -$890M |
| Capital Expenditure | -$688M |
| Acquisitions (Net) | $377M |
| Purchases of Investments | -$129M |
| Sales/Maturities of Investments | $144M |
| Other Investing Activities | $2.1B |
| NET CASH FROM INVESTING | $1.8B |
| Net Debt Issuance | -$1.7B |
| Common Stock Repurchased | -$302M |
| Common Dividends Paid | -$441M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$2.5B |
| FREE CASH FLOW | -$1.6B |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.8B |
| Short-Term Investments | $1.4B |
| Net Receivables | $8.4B |
| Inventory | $8.3B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $24.9B |
| PP&E (Net) | $15.6B |
| Goodwill | $4.3B |
| Intangible Assets | $880M |
| Long-Term Investments | $48.6B |
| Tax Assets | $2.3B |
| Other Non-Current Assets | $6.9B |
| TOTAL NON-CURRENT ASSETS | $78.5B |
| TOTAL ASSETS | $103.4B |
| Account Payables | $12.5B |
| Short-Term Debt | $20.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $33.2B |
| Long-Term Debt | $41.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $434M |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $43.9B |
| TOTAL LIABILITIES | $77.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $26.3B |
| TOTAL STOCKHOLDERS' EQUITY | $26.3B |
| Minority Interest | $50M |
| TOTAL EQUITY | $26.4B |
| TOTAL LIABILITIES & EQUITY | $103.4B |
| Total Debt | $62.5B |
| Net Debt | $55.7B |
