| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.4B | $1.3B | 12.8% | 23.3% |
| Op. Income | $248M | $217M | $218M | 14.3% | 13.8% |
| Gross Margin | 62.2% | 61.2% | 63.2% | 0.9pp | -1.0pp |
| Net Margin | 17.6% | 16.1% | 13.0% | 1.4pp | 4.5pp |
| EPS (Diluted) | $1.63 | $1.32 | $0.97 | 23.5% | 68.0% |
| Free Cash Flow | $407M | $187M | $346M | 117.6% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $605M |
| GROSS PROFIT | $995M |
| R&D Expenses | $303M |
| Selling & Marketing | $0 |
| General & Administrative | $447M |
| SG&A Expenses | $447M |
| Other Expenses | -$3M |
| Operating Expenses | $747M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $248M |
| Interest Income | $16M |
| Interest Expense | $29M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | -$83M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $38M |
| EBIT | $227M |
| EBITDA | $265M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $605M |
| GROSS PROFIT | $995M |
| R&D Expenses | $303M |
| Selling & Marketing | $0 |
| General & Administrative | $447M |
| SG&A Expenses | $447M |
| Other Expenses | -$3M |
| Operating Expenses | $747M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $248M |
| Interest Income | $16M |
| Interest Expense | $29M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | $198M |
| Income Tax Expense | -$83M |
| Net Income from Continuing Ops | $281M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $281M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $281M |
| D&A | $38M |
| EBIT | $227M |
| EBITDA | $265M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $281M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $139M |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | $441M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$87M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $407M |
| Net Change in Cash | $290M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $0 |
| Net Receivables | $914M |
| Inventory | $1.0B |
| Other Current Assets | $561M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $986M |
| Goodwill | $3.5B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $147M |
| Tax Assets | $330M |
| Other Non-Current Assets | $592M |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $11.5B |
| Account Payables | $334M |
| Short-Term Debt | $52M |
| Deferred Revenue | $729M |
| Other Current Liabilities | $165M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $237M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $328M |
| TOTAL NON-CURRENT LIABILITIES | $3.5B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $7.4B |
| Treasury Stock | -$3.9B |
| Accum. Other Comp. Income | -$199M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $11.5B |
| Total Debt | $3.0B |
| Net Debt | $780M |
