| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.0B | $2.0B | 8.6% | 12.4% |
| Op. Income | $448M | $384M | $394M | 16.5% | 13.6% |
| Gross Margin | 44.6% | 44.3% | 45.1% | 0.3pp | -0.5pp |
| Net Margin | 15.4% | 14.5% | 15.2% | 0.9pp | 0.2pp |
| EPS (Diluted) | $0.30 | $0.26 | $0.26 | 15.4% | 15.4% |
| Free Cash Flow | $320M | $308M | $207M | 3.7% | 54.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $983M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $535M |
| Other Expenses | $0 |
| Operating Expenses | $535M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $448M |
| Interest Income | $2M |
| Interest Expense | -$800.0K |
| Other Income/Expenses | $700.0K |
| INCOME BEFORE TAX | $448M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $340M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $340M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | $0 |
| EBIT | $448M |
| EBITDA | $448M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $983M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $535M |
| Other Expenses | $0 |
| Operating Expenses | $535M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $448M |
| Interest Income | $2M |
| Interest Expense | -$800.0K |
| Other Income/Expenses | $700.0K |
| INCOME BEFORE TAX | $448M |
| Income Tax Expense | $109M |
| Net Income from Continuing Ops | $340M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $340M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $340M |
| D&A | $0 |
| EBIT | $448M |
| EBITDA | $448M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $340M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $137M |
| Change in Working Capital | -$144M |
| OPERATING CASH FLOW | $378M |
| Capital Expenditure | -$59M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$276M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$288M |
| FREE CASH FLOW | $320M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $1.7B |
| Other Current Assets | $174M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $1.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $137M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $363M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $824M |
| Long-Term Debt | $100M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $66M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $396M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $12M |
| Additional Paid-In Capital | $105M |
| Retained Earnings | $3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$59M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $446M |
| Net Debt | $137M |
