| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $900M | $972M | $992M | -7.4% | -9.3% |
| Op. Income | $139M | $62M | $235M | 123.2% | -41.1% |
| Gross Margin | 37.4% | 38.4% | 40.0% | -0.9pp | -2.6pp |
| Net Margin | 7.0% | 4.5% | 15.7% | 2.5pp | -8.7pp |
| EPS (Diluted) | $0.15 | $0.10 | $0.36 | 51.1% | -58.3% |
| Free Cash Flow | $104M | $56M | $55M | 84.5% | 87.5% |
| Item | Amount |
|---|---|
| REVENUE | $900M |
| Cost of Revenue | $563M |
| GROSS PROFIT | $337M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $156M |
| Other Expenses | $30M |
| Operating Expenses | $198M |
| Cost & Expenses | $761M |
| OPERATING INCOME | $139M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $57M |
| EBIT | $169M |
| EBITDA | $225M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $900M |
| Cost of Revenue | $563M |
| GROSS PROFIT | $337M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $156M |
| Other Expenses | $30M |
| Operating Expenses | $198M |
| Cost & Expenses | $761M |
| OPERATING INCOME | $139M |
| Interest Income | $0 |
| Interest Expense | $38M |
| Other Income/Expenses | -$49M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $57M |
| EBIT | $169M |
| EBITDA | $225M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $207M |
| Capital Expenditure | -$103M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$105M |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $1.4B |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $392M |
| Short-Term Investments | $0 |
| Net Receivables | $329M |
| Inventory | $383M |
| Other Current Assets | $2.1B |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $2.3B |
| Goodwill | $210M |
| Intangible Assets | $156M |
| Long-Term Investments | $0 |
| Tax Assets | $883M |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $503M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $209M |
| TOTAL CURRENT LIABILITIES | $844M |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $129M |
| Other Non-Current Liabilities | $969M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $222M |
| Additional Paid-In Capital | $280M |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $2.6B |
| Net Debt | $2.2B |
