| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.3B | $9.7B | $7.8B | -4.1% | 19.1% |
| Op. Income | $898M | $425M | $470M | 111.3% | 91.1% |
| Gross Margin | 35.9% | 30.4% | 28.3% | 5.5pp | 7.6pp |
| Net Margin | 4.5% | 1.8% | 8.0% | 2.6pp | -3.6pp |
| EPS (Diluted) | $0.31 | $0.11 | $0.42 | 181.8% | -26.2% |
| Free Cash Flow | $609M | $1.8B | -$918M | -66.6% | 166.3% |
| Item | Amount |
|---|---|
| REVENUE | $9.3B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $744M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $8.4B |
| OPERATING INCOME | $898M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$465M |
| INCOME BEFORE TAX | $433M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $414M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $414M |
| Net Income Deductions | -$9M |
| BOTTOM LINE NET INCOME | $423M |
| D&A | $311M |
| EBIT | $470M |
| EBITDA | $781M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $9.3B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $3.3B |
| R&D Expenses | $744M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.7B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $8.4B |
| OPERATING INCOME | $898M |
| Interest Income | $0 |
| Interest Expense | $54M |
| Other Income/Expenses | -$465M |
| INCOME BEFORE TAX | $433M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $414M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $414M |
| Net Income Deductions | -$9M |
| BOTTOM LINE NET INCOME | $423M |
| D&A | $311M |
| EBIT | $470M |
| EBITDA | $781M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $414M |
| Depreciation & Amortization | $872M |
| Stock-Based Compensation | $216M |
| Deferred Income Tax | -$151M |
| Other Non-Cash Items | -$485M |
| Change in Working Capital | $312M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$569M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$791M |
| NET CASH FROM INVESTING | -$793M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$158M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$1.2B |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $609M |
| Net Change in Cash | -$934M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.8B |
| Short-Term Investments | $0 |
| Net Receivables | $4.9B |
| Inventory | $6.9B |
| Other Current Assets | $8.5B |
| TOTAL CURRENT ASSETS | $25.2B |
| PP&E (Net) | $5.9B |
| Goodwill | $29.9B |
| Intangible Assets | $0 |
| Long-Term Investments | $924M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.8B |
| TOTAL NON-CURRENT ASSETS | $50.6B |
| TOTAL ASSETS | $75.8B |
| Account Payables | $8.4B |
| Short-Term Debt | $3.9B |
| Deferred Revenue | $5.5B |
| Other Current Liabilities | $6.6B |
| TOTAL CURRENT LIABILITIES | $24.4B |
| Long-Term Debt | $17.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.9B |
| TOTAL NON-CURRENT LIABILITIES | $26.6B |
| TOTAL LIABILITIES | $51.0B |
| Common Stock | $13M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.8B |
| Other Equity | $30.1B |
| TOTAL STOCKHOLDERS' EQUITY | $24.8B |
| Minority Interest | $60M |
| TOTAL EQUITY | $24.8B |
| TOTAL LIABILITIES & EQUITY | $75.8B |
| Total Debt | $21.6B |
| Net Debt | $16.8B |
