| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.2B | $2.8B | 1.1% | 13.0% |
| Op. Income | $1.3B | $1.4B | $1.1B | -4.8% | 19.4% |
| Gross Margin | 61.3% | 63.2% | 59.6% | -2.0pp | 1.7pp |
| Net Margin | 34.9% | 37.9% | 33.3% | -3.0pp | 1.6pp |
| EPS (Diluted) | $8.47 | $9.06 | $7.01 | -6.5% | 20.8% |
| Free Cash Flow | $1.1B | $1.1B | $935M | 0.1% | 14.0% |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $360M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $269M |
| Other Expenses | $0 |
| Operating Expenses | $629M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $97M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $9 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $360M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $269M |
| Other Expenses | $0 |
| Operating Expenses | $629M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $188M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $97M |
| EBIT | $1.4B |
| EBITDA | $1.5B |
| EPS | $9 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $70M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$128M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$950M |
| Sales/Maturities of Investments | $791M |
| Other Investing Activities | -$155M |
| NET CASH FROM INVESTING | -$410M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$545M |
| Common Dividends Paid | -$254M |
| Other Financing Activities | -$83M |
| NET CASH FROM FINANCING | -$882M |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $2.7B |
| Net Receivables | $2.5B |
| Inventory | $3.3B |
| Other Current Assets | $327M |
| TOTAL CURRENT ASSETS | $10.9B |
| PP&E (Net) | $1.3B |
| Goodwill | $1.8B |
| Intangible Assets | $397M |
| Long-Term Investments | $0 |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $795M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $16.3B |
| Account Payables | $430M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $5.9B |
| Deferred Revenue NC | $295M |
| Deferred Tax Liabilities | $465M |
| Other Non-Current Liabilities | $482M |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $671.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $16.3B |
| Total Debt | $6.1B |
| Net Debt | $4.1B |
