| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.3B | $11.0B | $8.0B | -14.8% | 16.1% |
| Op. Income | $179M | $601M | $76M | -70.2% | 135.5% |
| Gross Margin | 19.1% | 21.2% | 18.9% | -2.1pp | 0.1pp |
| Net Margin | 50.8% | 33.4% | 3.2% | 17.4pp | 47.6pp |
| EPS (Diluted) | $17.44 | $13.28 | $0.91 | 31.3% | 1816.5% |
| Free Cash Flow | $4.8B | $1.8B | $975M | 164.8% | 391.4% |
| Item | Amount |
|---|---|
| REVENUE | $9.3B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $304M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $179M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4.9B |
| INCOME BEFORE TAX | $5.1B |
| Income Tax Expense | $354M |
| Net Income from Continuing Ops | $4.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.7B |
| D&A | $0 |
| EBIT | $179M |
| EBITDA | $179M |
| EPS | $18 |
| EPS Diluted | $17 |
| Item | Amount |
|---|---|
| REVENUE | $9.3B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $304M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.6B |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $179M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4.9B |
| INCOME BEFORE TAX | $5.1B |
| Income Tax Expense | $354M |
| Net Income from Continuing Ops | $4.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.7B |
| D&A | $0 |
| EBIT | $179M |
| EBITDA | $179M |
| EPS | $18 |
| EPS Diluted | $17 |
| Item | Amount |
|---|---|
| Net Income | $4.8B |
| Depreciation & Amortization | $342M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $354M |
| Other Non-Cash Items | -$5.1B |
| Change in Working Capital | $4.9B |
| OPERATING CASH FLOW | $5.2B |
| Capital Expenditure | -$397M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | -$3.9B |
| NET CASH FROM INVESTING | -$4.3B |
| Net Debt Issuance | $2.6B |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$137M |
| Other Financing Activities | -$710M |
| NET CASH FROM FINANCING | $442M |
| FREE CASH FLOW | $4.8B |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.2B |
| Short-Term Investments | $0 |
| Net Receivables | $19.2B |
| Inventory | $11.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $41.3B |
| PP&E (Net) | $7.1B |
| Goodwill | $9.9B |
| Intangible Assets | $4.5B |
| Long-Term Investments | $2.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2.9B |
| TOTAL NON-CURRENT ASSETS | $21.5B |
| TOTAL ASSETS | $75.6B |
| Account Payables | $6.3B |
| Short-Term Debt | $51M |
| Deferred Revenue | $31.8B |
| Other Current Liabilities | $9.9B |
| TOTAL CURRENT LIABILITIES | $48.1B |
| Long-Term Debt | $2.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $8.3B |
| TOTAL NON-CURRENT LIABILITIES | $12.5B |
| TOTAL LIABILITIES | $60.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $9.4B |
| Retained Earnings | $10.8B |
| Treasury Stock | -$4.7B |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $13.9B |
| Minority Interest | $1.1B |
| TOTAL EQUITY | $15.1B |
| TOTAL LIABILITIES & EQUITY | $75.6B |
| Total Debt | $2.9B |
| Net Debt | -$7.3B |
