| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.3B | $2.8B | -6.9% | 10.4% |
| Op. Income | $339M | $383M | $269M | -11.4% | 26.0% |
| Gross Margin | 69.5% | 23.4% | 20.4% | 46.1pp | 49.1pp |
| Net Margin | 8.5% | 9.3% | 7.5% | -0.8pp | 1.0pp |
| EPS (Diluted) | $2.19 | $2.58 | $1.74 | -15.1% | 25.9% |
| Free Cash Flow | $163M | $284M | $122M | -42.7% | 33.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $929M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $49M |
| General & Administrative | $136M |
| SG&A Expenses | $185M |
| Other Expenses | $1.6B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $339M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $258M |
| Net Income from Discontinued Ops | -$100.0K |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $135M |
| EBIT | $294M |
| EBITDA | $429M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $929M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $49M |
| General & Administrative | $136M |
| SG&A Expenses | $185M |
| Other Expenses | $1.6B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $339M |
| Interest Income | $0 |
| Interest Expense | $46M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | $294M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $258M |
| Net Income from Discontinued Ops | -$100.0K |
| Other Adjustments | $0 |
| NET INCOME | $258M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $258M |
| D&A | $135M |
| EBIT | $294M |
| EBITDA | $429M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $258M |
| Depreciation & Amortization | $135M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $54M |
| Other Non-Cash Items | -$56M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | $343M |
| Capital Expenditure | -$180M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$159M |
| Net Debt Issuance | $137M |
| Common Stock Repurchased | -$183M |
| Common Dividends Paid | -$175M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$212M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $211M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $310M |
| Other Current Assets | $318M |
| TOTAL CURRENT ASSETS | $933M |
| PP&E (Net) | $3.6B |
| Goodwill | $1.7B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.2B |
| TOTAL NON-CURRENT ASSETS | $11.8B |
| TOTAL ASSETS | $12.8B |
| Account Payables | $469M |
| Short-Term Debt | $366M |
| Deferred Revenue | $563M |
| Other Current Liabilities | $768M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $333M |
| Other Non-Current Liabilities | $193M |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $2.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$101M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $12.8B |
| Total Debt | $8.0B |
| Net Debt | $7.8B |
