| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $4.5B | $3.6B | -11.6% | 9.4% |
| Op. Income | $756M | $960M | $801M | -21.3% | -5.6% |
| Gross Margin | 52.8% | 53.8% | 54.6% | -1.0pp | -1.8pp |
| Net Margin | 6.8% | 7.8% | 14.2% | -1.1pp | -7.4pp |
| EPS (Diluted) | $0.20 | $0.26 | $0.38 | -23.1% | -47.4% |
| Free Cash Flow | $165M | $566M | $89M | -70.8% | 85.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $756M |
| Interest Income | $0 |
| Interest Expense | $281M |
| Other Income/Expenses | -$399M |
| INCOME BEFORE TAX | $357M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $270M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $270M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $0 |
| EBIT | $638M |
| EBITDA | $638M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1.3B |
| SG&A Expenses | $1.3B |
| Other Expenses | $0 |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $756M |
| Interest Income | $0 |
| Interest Expense | $281M |
| Other Income/Expenses | -$399M |
| INCOME BEFORE TAX | $357M |
| Income Tax Expense | $87M |
| Net Income from Continuing Ops | $270M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $270M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $270M |
| D&A | $0 |
| EBIT | $638M |
| EBITDA | $638M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $270M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$174M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $281M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | -$98M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $165M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $898M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $1.8B |
| Other Current Assets | $18.9B |
| TOTAL CURRENT ASSETS | $23.1B |
| PP&E (Net) | $3.2B |
| Goodwill | $20.2B |
| Intangible Assets | $23.7B |
| Long-Term Investments | $1.7B |
| Tax Assets | $17M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $50.0B |
| TOTAL ASSETS | $73.1B |
| Account Payables | $2.8B |
| Short-Term Debt | $4.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $10.0B |
| Long-Term Debt | $20.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.5B |
| Other Non-Current Liabilities | $3.2B |
| TOTAL NON-CURRENT LIABILITIES | $29.5B |
| TOTAL LIABILITIES | $39.5B |
| Common Stock | $14M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$116M |
| Other Equity | $19.8B |
| TOTAL STOCKHOLDERS' EQUITY | $25.3B |
| Minority Interest | $3.9B |
| TOTAL EQUITY | $29.2B |
| TOTAL LIABILITIES & EQUITY | $64.8B |
| Total Debt | $25.7B |
| Net Debt | $24.8B |
