| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.2B | $22.2B | $21.6B | 0.1% | 3.1% |
| Op. Income | $1.3B | $2.0B | $1.2B | -34.7% | 7.5% |
| Gross Margin | 21.1% | 23.9% | 20.3% | -2.8pp | 0.8pp |
| Net Margin | 3.7% | 7.4% | 3.7% | -3.7pp | 0.0pp |
| EPS (Diluted) | $3.46 | $6.88 | $3.21 | -49.7% | 7.8% |
| Free Cash Flow | $1.1B | $1.0B | $420M | 4.5% | 160.2% |
| Item | Amount |
|---|---|
| REVENUE | $22.2B |
| Cost of Revenue | $17.6B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.4B |
| Cost & Expenses | $20.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $119M |
| Other Income/Expenses | -$164M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $310M |
| Net Income from Continuing Ops | $824M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $824M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $824M |
| D&A | $1.1B |
| EBIT | $1.3B |
| EBITDA | $2.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $22.2B |
| Cost of Revenue | $17.6B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.4B |
| Other Expenses | $0 |
| Operating Expenses | $3.4B |
| Cost & Expenses | $20.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $119M |
| Other Income/Expenses | -$164M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $310M |
| Net Income from Continuing Ops | $824M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $824M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $824M |
| D&A | $1.1B |
| EBIT | $1.3B |
| EBITDA | $2.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $824M |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $854M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$623M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$619M |
| Net Debt Issuance | $372M |
| Common Stock Repurchased | -$500M |
| Common Dividends Paid | -$345M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$460M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | $664M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.2B |
| Short-Term Investments | $71M |
| Net Receivables | $11.5B |
| Inventory | $604M |
| Other Current Assets | $987M |
| TOTAL CURRENT ASSETS | $19.3B |
| PP&E (Net) | $57.8B |
| Goodwill | $6.7B |
| Intangible Assets | $0 |
| Long-Term Investments | $535M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.1B |
| TOTAL NON-CURRENT ASSETS | $69.1B |
| TOTAL ASSETS | $88.4B |
| Account Payables | $4.2B |
| Short-Term Debt | $883M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15.5B |
| Long-Term Debt | $20.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.0B |
| Other Non-Current Liabilities | $6.6B |
| TOTAL NON-CURRENT LIABILITIES | $45.1B |
| TOTAL LIABILITIES | $60.6B |
| Common Stock | $32M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $41.5B |
| Treasury Stock | -$16.8B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $27.8B |
| TOTAL LIABILITIES & EQUITY | $88.4B |
| Total Debt | $37.9B |
| Net Debt | $31.7B |
