| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.4B | $3.4B | 2.2% | 3.6% |
| Op. Income | $169M | $8M | -$121M | 2012.5% | 239.7% |
| Gross Margin | 73.4% | 72.1% | 72.4% | 1.3pp | 1.0pp |
| Net Margin | 1.4% | -16.0% | -4.6% | 17.4pp | 6.0pp |
| EPS (Diluted) | $0.13 | $-1.51 | $-0.43 | 108.6% | 130.2% |
| Free Cash Flow | -$436M | $394M | -$811M | -210.7% | 46.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $927M |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $89M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $169M |
| Interest Income | $30M |
| Interest Expense | $86M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $200M |
| EBIT | $195M |
| EBITDA | $395M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $927M |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $89M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $169M |
| Interest Income | $30M |
| Interest Expense | $86M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $109M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $200M |
| EBIT | $195M |
| EBITDA | $395M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $200M |
| Stock-Based Compensation | $88M |
| Deferred Income Tax | -$34M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$635M |
| OPERATING CASH FLOW | -$340M |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$116M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$127M |
| Other Financing Activities | -$141M |
| NET CASH FROM FINANCING | -$239M |
| FREE CASH FLOW | -$436M |
| Net Change in Cash | -$702M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $2.1B |
| Other Current Assets | $549M |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $5.4B |
| Goodwill | $2.1B |
| Intangible Assets | $3.7B |
| Long-Term Investments | $51M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $12.6B |
| TOTAL ASSETS | $19.3B |
| Account Payables | $1.3B |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $10.4B |
| TOTAL LIABILITIES | $15.4B |
| Common Stock | $6M |
| Additional Paid-In Capital | $7.1B |
| Retained Earnings | $11.6B |
| Treasury Stock | -$13.7B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $19.3B |
| Total Debt | $9.4B |
| Net Debt | $7.2B |
