| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.2B | $12.1B | $10.5B | 1.7% | 16.2% |
| Op. Income | $4.0B | $3.0B | $3.3B | 33.8% | 18.2% |
| Gross Margin | 51.9% | 45.9% | 50.1% | 6.1pp | 1.9pp |
| Net Margin | 43.1% | 20.1% | 27.4% | 23.1pp | 15.7pp |
| EPS (Diluted) | $1.23 | $0.56 | $0.66 | 119.6% | 86.4% |
| Free Cash Flow | $5.1B | $1.9B | $2.7B | 172.1% | 91.4% |
| Item | Amount |
|---|---|
| REVENUE | $12.2B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $960M |
| Selling & Marketing | $842M |
| General & Administrative | $603M |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | -$262M |
| Other Income/Expenses | $2.6B |
| INCOME BEFORE TAX | $6.5B |
| Income Tax Expense | -$1.3B |
| Net Income from Continuing Ops | $5.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.3B |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.2B |
| Cost of Revenue | $5.9B |
| GROSS PROFIT | $6.4B |
| R&D Expenses | $960M |
| Selling & Marketing | $842M |
| General & Administrative | $603M |
| SG&A Expenses | $1.4B |
| Other Expenses | $0 |
| Operating Expenses | $2.4B |
| Cost & Expenses | $8.3B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | -$262M |
| Other Income/Expenses | $2.6B |
| INCOME BEFORE TAX | $6.5B |
| Income Tax Expense | -$1.3B |
| Net Income from Continuing Ops | $5.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5.3B |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $4.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5.3B |
| Depreciation & Amortization | $4.3B |
| Stock-Based Compensation | $140M |
| Deferred Income Tax | $59M |
| Other Non-Cash Items | -$4.5B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $5.3B |
| Capital Expenditure | -$196M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$586M |
| NET CASH FROM INVESTING | -$782M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.2B |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $5.1B |
| Net Change in Cash | $3.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.3B |
| Short-Term Investments | $29M |
| Net Receivables | $33.4B |
| Inventory | $0 |
| Other Current Assets | -$28.6B |
| TOTAL CURRENT ASSETS | $17.1B |
| PP&E (Net) | $2.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $41.8B |
| TOTAL NON-CURRENT ASSETS | $43.9B |
| TOTAL ASSETS | $61.0B |
| Account Payables | $895M |
| Short-Term Debt | $999M |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $9.4B |
| TOTAL CURRENT LIABILITIES | $12.1B |
| Long-Term Debt | $13.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.4B |
| TOTAL NON-CURRENT LIABILITIES | $17.8B |
| TOTAL LIABILITIES | $29.9B |
| Common Stock | $7.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $47.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$235M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $31.1B |
| TOTAL LIABILITIES & EQUITY | $61.0B |
| Total Debt | $14.4B |
| Net Debt | $2.1B |
