| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.4B | $2.3B | — | 48.6% | — |
| Op. Income | $2.0B | $915M | — | 122.5% | — |
| Gross Margin | 98.4% | 45.9% | — | 52.5pp | — |
| Net Margin | 46.0% | 29.8% | — | 16.2pp | — |
| EPS (Diluted) | $2.49 | $1.08 | — | 130.6% | — |
| Free Cash Flow | $2.5B | $521M | — | 371.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $55M |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $1.2B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $97M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $433M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $655M |
| EBIT | $2.0B |
| EBITDA | $2.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.4B |
| Cost of Revenue | $55M |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $96M |
| Other Expenses | $1.2B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $97M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $433M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $655M |
| EBIT | $2.0B |
| EBITDA | $2.7B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $655M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $410M |
| Other Non-Cash Items | -$129M |
| Change in Working Capital | $547M |
| OPERATING CASH FLOW | $3.1B |
| Capital Expenditure | -$599M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$216M |
| NET CASH FROM INVESTING | -$842M |
| Net Debt Issuance | -$1.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$103M |
| Other Financing Activities | -$75M |
| NET CASH FROM FINANCING | -$2.0B |
| FREE CASH FLOW | $2.5B |
| Net Change in Cash | $216M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $327M |
| Short-Term Investments | $0 |
| Net Receivables | $953M |
| Inventory | $0 |
| Other Current Assets | $277M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $49.1B |
| Goodwill | $2.1B |
| Intangible Assets | $197M |
| Long-Term Investments | $3.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$15.1B |
| TOTAL NON-CURRENT ASSETS | $40.1B |
| TOTAL ASSETS | $41.7B |
| Account Payables | $1.4B |
| Short-Term Debt | $508M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $443M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.9B |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $10.5B |
| TOTAL LIABILITIES | $12.9B |
| Common Stock | $19.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.1B |
| Minority Interest | $3.7B |
| TOTAL EQUITY | $28.8B |
| TOTAL LIABILITIES & EQUITY | $41.7B |
| Total Debt | $5.7B |
| Net Debt | $5.4B |