| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33.4B | $27.0B | — | 23.6% | — |
| Op. Income | $3.1B | $2.1B | — | 48.4% | — |
| Gross Margin | 20.2% | 21.2% | — | -1.0pp | — |
| Net Margin | 6.8% | 5.7% | — | 1.0pp | — |
| EPS (Diluted) | $3.37 | $2.28 | — | 47.8% | — |
| Free Cash Flow | $4.0B | $503M | — | 685.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $33.4B |
| Cost of Revenue | $26.6B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $797M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $3.6B |
| Cost & Expenses | $30.2B |
| OPERATING INCOME | $3.1B |
| Interest Income | $96M |
| Interest Expense | $411M |
| Other Income/Expenses | -$346M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $540M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $773M |
| EBIT | $3.2B |
| EBITDA | $4.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $33.4B |
| Cost of Revenue | $26.6B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $797M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.8B |
| Other Expenses | $0 |
| Operating Expenses | $3.6B |
| Cost & Expenses | $30.2B |
| OPERATING INCOME | $3.1B |
| Interest Income | $96M |
| Interest Expense | $411M |
| Other Income/Expenses | -$346M |
| INCOME BEFORE TAX | $2.8B |
| Income Tax Expense | $540M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $773M |
| EBIT | $3.2B |
| EBITDA | $4.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $773M |
| Stock-Based Compensation | $189M |
| Deferred Income Tax | -$45M |
| Other Non-Cash Items | $277M |
| Change in Working Capital | $1.2B |
| OPERATING CASH FLOW | $4.7B |
| Capital Expenditure | -$721M |
| Acquisitions (Net) | -$84M |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | -$695M |
| Net Debt Issuance | $111M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$346M |
| Other Financing Activities | -$390M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $4.0B |
| Net Change in Cash | $2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.5B |
| Short-Term Investments | $0 |
| Net Receivables | $26.0B |
| Inventory | $10.4B |
| Other Current Assets | $9.6B |
| TOTAL CURRENT ASSETS | $57.6B |
| PP&E (Net) | $6.7B |
| Goodwill | $19.5B |
| Intangible Assets | $4.5B |
| Long-Term Investments | $1.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.2B |
| TOTAL NON-CURRENT ASSETS | $43.7B |
| TOTAL ASSETS | $101.3B |
| Account Payables | $33.6B |
| Short-Term Debt | $8.0B |
| Deferred Revenue | $13.3B |
| Other Current Liabilities | $8.3B |
| TOTAL CURRENT LIABILITIES | $63.3B |
| Long-Term Debt | $23.5B |
| Deferred Revenue NC | $13.6B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.4B |
| TOTAL NON-CURRENT LIABILITIES | $40.5B |
| TOTAL LIABILITIES | $103.8B |
| Common Stock | $9.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.3B |
| Treasury Stock | -$14.5B |
| Accum. Other Comp. Income | -$719M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.5B |
| TOTAL LIABILITIES & EQUITY | $101.3B |
| Total Debt | $31.5B |
| Net Debt | $20.0B |
