| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.0B | $6.5B | $7.6B | 24.1% | 6.2% |
| Op. Income | $310M | $152M | $238M | 104.3% | 30.0% |
| Gross Margin | 12.1% | 11.8% | 11.6% | 0.3pp | 0.5pp |
| Net Margin | 2.6% | 1.4% | 2.0% | 1.2pp | 0.6pp |
| EPS (Diluted) | $1.38 | $0.58 | $0.97 | 137.9% | 42.3% |
| Free Cash Flow | $163M | $19M | -$222M | 767.8% | 173.5% |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $7.1B |
| GROSS PROFIT | $970M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $660M |
| Other Expenses | $0 |
| Operating Expenses | $660M |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $310M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $283M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $210M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $84M |
| EBIT | $310M |
| EBITDA | $394M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.0B |
| Cost of Revenue | $7.1B |
| GROSS PROFIT | $970M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $660M |
| Other Expenses | $0 |
| Operating Expenses | $660M |
| Cost & Expenses | $7.7B |
| OPERATING INCOME | $310M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $283M |
| Income Tax Expense | $73M |
| Net Income from Continuing Ops | $210M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $210M |
| D&A | $84M |
| EBIT | $310M |
| EBITDA | $394M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $210M |
| Depreciation & Amortization | $80M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $128M |
| Change in Working Capital | -$168M |
| OPERATING CASH FLOW | $300M |
| Capital Expenditure | -$137M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $425.0K |
| Other Investing Activities | $48.0K |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | $66M |
| Common Stock Repurchased | -$204M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$129M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $263M |
| Short-Term Investments | $0 |
| Net Receivables | $200M |
| Inventory | $3.6B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $4.4B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $16.9B |
| Tax Assets | $141M |
| Other Non-Current Assets | $314M |
| TOTAL NON-CURRENT ASSETS | $21.9B |
| TOTAL ASSETS | $27.4B |
| Account Payables | $980M |
| Short-Term Debt | $750M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $18.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $345M |
| TOTAL NON-CURRENT LIABILITIES | $18.8B |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $75M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $4.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $27.4B |
| Total Debt | $19.3B |
| Net Debt | $19.0B |
