| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.6B | $11.3B | $8.7B | 20.6% | 56.7% |
| Op. Income | $6.1B | $3.8B | $2.2B | 63.7% | 182.6% |
| Gross Margin | 56.1% | 44.7% | 38.4% | 11.4pp | 17.6pp |
| Net Margin | 38.4% | 28.3% | 21.5% | 10.1pp | 16.9pp |
| EPS (Diluted) | $4.60 | $2.83 | $1.67 | 62.5% | 175.4% |
| Free Cash Flow | $3.0B | $72M | $38M | 4097.2% | 7852.6% |
| Item | Amount |
|---|---|
| REVENUE | $13.6B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $7.7B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $7.5B |
| OPERATING INCOME | $6.1B |
| Interest Income | $139M |
| Interest Expense | $74M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $6.1B |
| Income Tax Expense | $829M |
| Net Income from Continuing Ops | $5.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.2B |
| D&A | $2.2B |
| EBIT | $6.1B |
| EBITDA | $8.3B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $13.6B |
| Cost of Revenue | $6.0B |
| GROSS PROFIT | $7.7B |
| R&D Expenses | $1.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $1.5B |
| Cost & Expenses | $7.5B |
| OPERATING INCOME | $6.1B |
| Interest Income | $139M |
| Interest Expense | $74M |
| Other Income/Expenses | -$75M |
| INCOME BEFORE TAX | $6.1B |
| Income Tax Expense | $829M |
| Net Income from Continuing Ops | $5.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.2B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.2B |
| D&A | $2.2B |
| EBIT | $6.1B |
| EBITDA | $8.3B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $5.2B |
| Depreciation & Amortization | $2.2B |
| Stock-Based Compensation | $290M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $238M |
| Change in Working Capital | $431M |
| OPERATING CASH FLOW | $8.4B |
| Capital Expenditure | -$5.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$255M |
| Sales/Maturities of Investments | $268M |
| Other Investing Activities | $782M |
| NET CASH FROM INVESTING | -$4.6B |
| Net Debt Issuance | -$2.9B |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$134M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$3.7B |
| FREE CASH FLOW | $3.0B |
| Net Change in Cash | $86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8.8B |
| Short-Term Investments | $1.5B |
| Net Receivables | $10.2B |
| Inventory | $8.2B |
| Other Current Assets | $957M |
| TOTAL CURRENT ASSETS | $29.7B |
| PP&E (Net) | $49.2B |
| Goodwill | $1.1B |
| Intangible Assets | $465M |
| Long-Term Investments | $1.7B |
| Tax Assets | $641M |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $56.3B |
| TOTAL ASSETS | $86.0B |
| Account Payables | $3.2B |
| Short-Term Debt | $637M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.4B |
| TOTAL CURRENT LIABILITIES | $12.1B |
| Long-Term Debt | $8.8B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $15.1B |
| TOTAL LIABILITIES | $27.2B |
| Common Stock | $127M |
| Additional Paid-In Capital | $13.6B |
| Retained Earnings | $53.3B |
| Treasury Stock | -$8.2B |
| Accum. Other Comp. Income | -$123M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $58.8B |
| TOTAL LIABILITIES & EQUITY | $86.0B |
| Total Debt | $12.5B |
| Net Debt | $3.7B |
