| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.4B | $14.6B | $13.5B | -1.4% | 6.9% |
| Op. Income | $759M | $1.1B | $845M | -29.5% | -10.2% |
| Gross Margin | 19.6% | 19.8% | 21.0% | -0.2pp | -1.4pp |
| Net Margin | 3.8% | 5.4% | 4.2% | -1.7pp | -0.4pp |
| EPS (Diluted) | $0.58 | $0.84 | $0.59 | -31.0% | -1.7% |
| Free Cash Flow | $150M | $1.4B | $72M | -89.5% | 108.3% |
| Item | Amount |
|---|---|
| REVENUE | $14.4B |
| Cost of Revenue | $11.6B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $392M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $180M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $13.7B |
| OPERATING INCOME | $759M |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $671M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $545M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $214M |
| EBIT | $759M |
| EBITDA | $973M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $14.4B |
| Cost of Revenue | $11.6B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $392M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $180M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $13.7B |
| OPERATING INCOME | $759M |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | -$88M |
| INCOME BEFORE TAX | $671M |
| Income Tax Expense | $126M |
| Net Income from Continuing Ops | $545M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $214M |
| EBIT | $759M |
| EBITDA | $973M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $545M |
| Depreciation & Amortization | $214M |
| Stock-Based Compensation | $182M |
| Deferred Income Tax | -$39M |
| Other Non-Cash Items | $129M |
| Change in Working Capital | -$648M |
| OPERATING CASH FLOW | $383M |
| Capital Expenditure | -$233M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | -$50M |
| NET CASH FROM INVESTING | -$269M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$325M |
| Common Dividends Paid | -$277M |
| Other Financing Activities | -$71M |
| NET CASH FROM FINANCING | -$673M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | -$559M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.2B |
| Short-Term Investments | $0 |
| Net Receivables | $5.3B |
| Inventory | $8.7B |
| Other Current Assets | $5.0B |
| TOTAL CURRENT ASSETS | $22.2B |
| PP&E (Net) | $3.1B |
| Goodwill | $8.7B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $19.3B |
| TOTAL ASSETS | $41.5B |
| Account Payables | $18.2B |
| Short-Term Debt | $861M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.2B |
| TOTAL CURRENT LIABILITIES | $29.3B |
| Long-Term Debt | $8.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8.8B |
| TOTAL LIABILITIES | $38.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.4B |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $41.5B |
| Total Debt | $9.7B |
| Net Debt | $6.5B |
