| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.7B | $11.1B | $11.6B | 5.6% | 1.1% |
| Op. Income | $927M | $321M | $1.2B | 188.8% | -23.3% |
| Gross Margin | 42.2% | 40.3% | 45.4% | 1.9pp | -3.2pp |
| Net Margin | 6.2% | 1.9% | 9.1% | 4.3pp | -2.9pp |
| EPS (Diluted) | $0.49 | $0.14 | $0.70 | 250.0% | -30.0% |
| Free Cash Flow | $15M | $363M | $274M | -95.9% | -94.5% |
| Item | Amount |
|---|---|
| REVENUE | $11.7B |
| Cost of Revenue | $6.8B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.8B |
| SG&A Expenses | $4.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $10.8B |
| OPERATING INCOME | $927M |
| Interest Income | $83M |
| Interest Expense | $63M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $922M |
| Income Tax Expense | $195M |
| Net Income from Continuing Ops | $727M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $727M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $727M |
| D&A | $198M |
| EBIT | $927M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $11.7B |
| Cost of Revenue | $6.8B |
| GROSS PROFIT | $4.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $2.8B |
| SG&A Expenses | $4.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $10.8B |
| OPERATING INCOME | $927M |
| Interest Income | $83M |
| Interest Expense | $63M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $922M |
| Income Tax Expense | $195M |
| Net Income from Continuing Ops | $727M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $727M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $727M |
| D&A | $198M |
| EBIT | $927M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $727M |
| Depreciation & Amortization | $198M |
| Stock-Based Compensation | $185M |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$897M |
| OPERATING CASH FLOW | $222M |
| Capital Expenditure | -$207M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$355M |
| Sales/Maturities of Investments | $503M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$126M |
| Common Dividends Paid | -$591M |
| Other Financing Activities | $120M |
| NET CASH FROM FINANCING | -$598M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$440M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.0B |
| Short-Term Investments | $1.6B |
| Net Receivables | $5.0B |
| Inventory | $8.1B |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $23.9B |
| PP&E (Net) | $7.6B |
| Goodwill | $240M |
| Intangible Assets | $259M |
| Long-Term Investments | $81M |
| Tax Assets | $5.3B |
| Other Non-Current Assets | -$81M |
| TOTAL NON-CURRENT ASSETS | $13.4B |
| TOTAL ASSETS | $37.3B |
| Account Payables | $3.8B |
| Short-Term Debt | $510M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.2B |
| TOTAL CURRENT LIABILITIES | $10.9B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $13.0B |
| TOTAL LIABILITIES | $23.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $14.5B |
| Retained Earnings | -$700M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$308M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $13.5B |
| TOTAL LIABILITIES & EQUITY | $37.3B |
| Total Debt | $11.6B |
| Net Debt | $4.5B |
