| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $929M | $777M | 19.1% | 42.4% |
| Op. Income | $98M | $61M | $41M | 61.4% | 136.2% |
| Gross Margin | 12.0% | 10.0% | 13.4% | 2.1pp | -1.3pp |
| Net Margin | 5.6% | 3.0% | 2.8% | 2.6pp | 2.9pp |
| EPS (Diluted) | $3.71 | $1.68 | $1.31 | 120.8% | 183.2% |
| Free Cash Flow | $69M | -$51M | $19M | 234.1% | 264.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $974M |
| GROSS PROFIT | $133M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | -$35M |
| Operating Expenses | $35M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $98M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $20M |
| 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 | $30M |
| EBIT | $98M |
| EBITDA | $128M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $974M |
| GROSS PROFIT | $133M |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | -$35M |
| Operating Expenses | $35M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $98M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $20M |
| 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 | $30M |
| EBIT | $98M |
| EBITDA | $128M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$45M |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $605M |
| Inventory | $799M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $1.2B |
| Goodwill | $19M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $494M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $602M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $94M |
| Other Non-Current Liabilities | $157M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $191M |
| Treasury Stock | -$476M |
| Accum. Other Comp. Income | $32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $877M |
| Minority Interest | $0 |
| TOTAL EQUITY | $877M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.1B |
| Net Debt | $1.0B |
