| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $6.1B | $6.0B | -1.7% | 1.3% |
| Op. Income | $1.4B | $794M | $1.2B | 75.9% | 14.7% |
| Gross Margin | 40.7% | 33.6% | 40.9% | 7.2pp | -0.2pp |
| Net Margin | 10.8% | 9.4% | 18.7% | 1.4pp | -7.9pp |
| EPS (Diluted) | $1.23 | $1.07 | $2.04 | 15.0% | -39.7% |
| Free Cash Flow | $349M | $1.3B | -$315M | -73.9% | 210.8% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $308M |
| Selling & Marketing | $0 |
| General & Administrative | $744M |
| SG&A Expenses | $744M |
| Other Expenses | $7M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $1.4B |
| Interest Income | $49M |
| Interest Expense | $214M |
| Other Income/Expenses | -$519M |
| INCOME BEFORE TAX | $878M |
| Income Tax Expense | $221M |
| Net Income from Continuing Ops | $657M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $2M |
| NET INCOME | $653M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $653M |
| D&A | $0 |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $308M |
| Selling & Marketing | $0 |
| General & Administrative | $744M |
| SG&A Expenses | $744M |
| Other Expenses | $7M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $1.4B |
| Interest Income | $49M |
| Interest Expense | $214M |
| Other Income/Expenses | -$519M |
| INCOME BEFORE TAX | $878M |
| Income Tax Expense | $221M |
| Net Income from Continuing Ops | $657M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $2M |
| NET INCOME | $653M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $653M |
| D&A | $0 |
| EBIT | $1.1B |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $659M |
| Depreciation & Amortization | $326M |
| Stock-Based Compensation | $80M |
| Deferred Income Tax | $75M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$565M |
| OPERATING CASH FLOW | $574M |
| Capital Expenditure | -$225M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$155M |
| Sales/Maturities of Investments | $436M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $60M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2.0B |
| Common Dividends Paid | -$412M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$2.1B |
| FREE CASH FLOW | $349M |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $420M |
| Net Receivables | $3.8B |
| Inventory | $3.7B |
| Other Current Assets | $2.4B |
| TOTAL CURRENT ASSETS | $14.4B |
| PP&E (Net) | $7.0B |
| Goodwill | $6.4B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.6B |
| TOTAL NON-CURRENT ASSETS | $21.0B |
| TOTAL ASSETS | $35.4B |
| Account Payables | $2.8B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $9.0B |
| Long-Term Debt | $10.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.2B |
| TOTAL NON-CURRENT LIABILITIES | $23.1B |
| TOTAL LIABILITIES | $32.1B |
| Common Stock | $9M |
| Additional Paid-In Capital | $7.5B |
| Retained Earnings | $38.2B |
| Treasury Stock | -$37.3B |
| Accum. Other Comp. Income | -$5.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $48M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $35.4B |
| Total Debt | $12.6B |
| Net Debt | $8.8B |
