| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33.5B | $33.6B | $33.9B | -0.4% | -1.2% |
| Op. Income | $1.5B | $461M | $3.0B | 231.9% | -49.6% |
| Gross Margin | 20.1% | 21.2% | 22.1% | -1.2pp | -2.1pp |
| Net Margin | 3.7% | 0.6% | 7.3% | 3.1pp | -3.6pp |
| EPS (Diluted) | $0.88 | $0.12 | $1.54 | 626.7% | -42.8% |
| Free Cash Flow | -$719M | -$942M | -$719M | 23.7% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $33.5B |
| Cost of Revenue | $26.7B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.3B |
| Other Expenses | $0 |
| Operating Expenses | $5.2B |
| Cost & Expenses | $31.9B |
| OPERATING INCOME | $1.5B |
| Interest Income | $250M |
| Interest Expense | $87M |
| Other Income/Expenses | $302M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $485M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $1.1B |
| EBIT | $1.9B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $33.5B |
| Cost of Revenue | $26.7B |
| GROSS PROFIT | $6.7B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.3B |
| Other Expenses | $0 |
| Operating Expenses | $5.2B |
| Cost & Expenses | $31.9B |
| OPERATING INCOME | $1.5B |
| Interest Income | $250M |
| Interest Expense | $87M |
| Other Income/Expenses | $302M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $485M |
| Net Income from Continuing Ops | $1.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $1.1B |
| EBIT | $1.9B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $795M |
| Change in Working Capital | -$3.2B |
| OPERATING CASH FLOW | $537M |
| Capital Expenditure | -$1.3B |
| Acquisitions (Net) | -$273M |
| Purchases of Investments | -$333M |
| Sales/Maturities of Investments | $529M |
| Other Investing Activities | -$436M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $1.3B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$927M |
| Other Financing Activities | -$166M |
| NET CASH FROM FINANCING | -$2.0B |
| FREE CASH FLOW | -$719M |
| Net Change in Cash | -$3.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28.4B |
| Short-Term Investments | $1.3B |
| Net Receivables | $24.5B |
| Inventory | $15.5B |
| Other Current Assets | $3.5B |
| TOTAL CURRENT ASSETS | $73.2B |
| PP&E (Net) | $56.1B |
| Goodwill | $0 |
| Intangible Assets | $7.1B |
| Long-Term Investments | $13.3B |
| Tax Assets | $899M |
| Other Non-Current Assets | $42.3B |
| TOTAL NON-CURRENT ASSETS | $119.6B |
| TOTAL ASSETS | $192.8B |
| Account Payables | $10.4B |
| Short-Term Debt | $27.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.6B |
| TOTAL CURRENT LIABILITIES | $54.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.5B |
| Other Non-Current Liabilities | $55.2B |
| TOTAL NON-CURRENT LIABILITIES | $59.7B |
| TOTAL LIABILITIES | $113.7B |
| Common Stock | $539M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $69.7B |
| Treasury Stock | -$8.0B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $13.7B |
| TOTAL STOCKHOLDERS' EQUITY | $77.2B |
| Minority Interest | $1.9B |
| TOTAL EQUITY | $79.1B |
| TOTAL LIABILITIES & EQUITY | $192.8B |
| Total Debt | $27.7B |
| Net Debt | -$668M |
