| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.9B | $2.3B | -3.3% | 23.0% |
| Op. Income | $855M | $864M | $578M | -1.0% | 48.0% |
| Gross Margin | 66.1% | 66.4% | 64.7% | -0.4pp | 1.4pp |
| Net Margin | 29.6% | 27.7% | 31.0% | 1.9pp | -1.3pp |
| EPS (Diluted) | $2.28 | $2.21 | $1.92 | 3.2% | 18.7% |
| Free Cash Flow | $809M | $730M | $465M | 10.8% | 73.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $940M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $362M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $613M |
| Other Expenses | $0 |
| Operating Expenses | $975M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $855M |
| Interest Income | $85M |
| Interest Expense | $0 |
| Other Income/Expenses | $85M |
| INCOME BEFORE TAX | $940M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $826M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $822M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $822M |
| D&A | $0 |
| EBIT | $855M |
| EBITDA | $855M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $940M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $362M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $613M |
| Other Expenses | $0 |
| Operating Expenses | $975M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $855M |
| Interest Income | $85M |
| Interest Expense | $0 |
| Other Income/Expenses | $85M |
| INCOME BEFORE TAX | $940M |
| Income Tax Expense | $114M |
| Net Income from Continuing Ops | $826M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $822M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $822M |
| D&A | $0 |
| EBIT | $855M |
| EBITDA | $855M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $822M |
| Depreciation & Amortization | $200M |
| Stock-Based Compensation | $210M |
| Deferred Income Tax | $339M |
| Other Non-Cash Items | -$658M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $912M |
| Capital Expenditure | -$103M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$911M |
| Sales/Maturities of Investments | $582M |
| Other Investing Activities | -$482M |
| NET CASH FROM INVESTING | -$915M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.1B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.4B |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $809M |
| Net Change in Cash | -$1.4B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.0B |
| Short-Term Investments | $2.5B |
| Net Receivables | $1.6B |
| Inventory | $1.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11.5B |
| PP&E (Net) | $5.4B |
| Goodwill | $613M |
| Intangible Assets | $1.1B |
| Long-Term Investments | $3.5B |
| Tax Assets | $684M |
| Other Non-Current Assets | -$3.5B |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $20.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $664M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $664M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17M |
| Other Equity | $11.1B |
| TOTAL STOCKHOLDERS' EQUITY | $17.6B |
| Minority Interest | $123M |
| TOTAL EQUITY | $17.6B |
| TOTAL LIABILITIES & EQUITY | $20.1B |
| Total Debt | $0 |
| Net Debt | -$8.0B |
