| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | $8.3B | $7.0B | 0.6% | 18.7% |
| Op. Income | $283M | $337M | $197M | -16.0% | 43.7% |
| Gross Margin | 8.9% | 9.5% | 8.7% | -0.6pp | 0.3pp |
| Net Margin | 1.8% | 2.6% | 1.4% | -0.9pp | 0.3pp |
| EPS (Diluted) | $1.35 | $1.99 | $0.88 | -32.2% | 53.4% |
| Free Cash Flow | $228M | $419M | $215M | -45.6% | 6.0% |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $742M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $344M |
| Other Expenses | $108M |
| Operating Expenses | $459M |
| Cost & Expenses | $8.0B |
| OPERATING INCOME | $283M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $267M |
| EBIT | $254M |
| EBITDA | $521M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $742M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $344M |
| Other Expenses | $108M |
| Operating Expenses | $459M |
| Cost & Expenses | $8.0B |
| OPERATING INCOME | $283M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $74M |
| Net Income from Continuing Ops | $146M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $146M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $146M |
| D&A | $267M |
| EBIT | $254M |
| EBITDA | $521M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $146M |
| Depreciation & Amortization | $267M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$90M |
| OPERATING CASH FLOW | $323M |
| Capital Expenditure | -$95M |
| Acquisitions (Net) | -$80M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$180M |
| Net Debt Issuance | -$128M |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | -$65M |
| NET CASH FROM FINANCING | -$503M |
| FREE CASH FLOW | $228M |
| Net Change in Cash | -$361M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $5.6B |
| Inventory | $4.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $14.4B |
| PP&E (Net) | $3.3B |
| Goodwill | $887M |
| Intangible Assets | $297M |
| Long-Term Investments | $0 |
| Tax Assets | $147M |
| Other Non-Current Assets | $269M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $19.3B |
| Account Payables | $8.4B |
| Short-Term Debt | $500M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $682M |
| TOTAL CURRENT LIABILITIES | $14.5B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $104M |
| Other Non-Current Liabilities | $505M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $17.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $6.5B |
| Treasury Stock | -$8.3B |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $3M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $19.3B |
| Total Debt | $3.4B |
| Net Debt | $1.8B |
