| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.9B | $11.7B | $9.5B | -15.6% | 4.4% |
| Op. Income | $989M | $1.0B | $573M | -4.9% | 72.6% |
| Gross Margin | 19.8% | 19.6% | 16.7% | 0.2pp | 3.1pp |
| Net Margin | 8.9% | 12.2% | 5.1% | -3.3pp | 3.8pp |
| EPS (Diluted) | $6.14 | $9.99 | $3.32 | -38.5% | 84.9% |
| Free Cash Flow | -$1.8B | $3.2B | -$1.8B | -156.4% | -0.1% |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $7.9B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $971M |
| SG&A Expenses | $971M |
| Other Expenses | $0 |
| Operating Expenses | $971M |
| Cost & Expenses | $8.9B |
| OPERATING INCOME | $989M |
| Interest Income | $0 |
| Interest Expense | $162M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $155M |
| Net Income from Continuing Ops | $875M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $875M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $875M |
| D&A | $372M |
| EBIT | $989M |
| EBITDA | $1.4B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $7.9B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $971M |
| SG&A Expenses | $971M |
| Other Expenses | $0 |
| Operating Expenses | $971M |
| Cost & Expenses | $8.9B |
| OPERATING INCOME | $989M |
| Interest Income | $0 |
| Interest Expense | $162M |
| Other Income/Expenses | $41M |
| INCOME BEFORE TAX | $1.0B |
| Income Tax Expense | $155M |
| Net Income from Continuing Ops | $875M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $875M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $875M |
| D&A | $372M |
| EBIT | $989M |
| EBITDA | $1.4B |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $875M |
| Depreciation & Amortization | $372M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $308M |
| Other Non-Cash Items | -$154M |
| Change in Working Capital | -$3.1B |
| OPERATING CASH FLOW | -$1.7B |
| Capital Expenditure | -$167M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$168M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | -$68M |
| Common Dividends Paid | -$333M |
| Other Financing Activities | -$59M |
| NET CASH FROM FINANCING | -$489M |
| FREE CASH FLOW | -$1.8B |
| Net Change in Cash | -$2.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $0 |
| Net Receivables | $9.4B |
| Inventory | $0 |
| Other Current Assets | $3.3B |
| TOTAL CURRENT ASSETS | $14.8B |
| PP&E (Net) | $12.2B |
| Goodwill | $17.4B |
| Intangible Assets | $0 |
| Long-Term Investments | $492M |
| Tax Assets | $743M |
| Other Non-Current Assets | $4.4B |
| TOTAL NON-CURRENT ASSETS | $35.2B |
| TOTAL ASSETS | $50.0B |
| Account Payables | $2.7B |
| Short-Term Debt | $758M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9.4B |
| TOTAL CURRENT LIABILITIES | $12.8B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18.2B |
| TOTAL NON-CURRENT LIABILITIES | $20.1B |
| TOTAL LIABILITIES | $32.9B |
| Common Stock | $142M |
| Additional Paid-In Capital | $8M |
| Retained Earnings | $17.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$131M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.1B |
| TOTAL LIABILITIES & EQUITY | $50.0B |
| Total Debt | $1.9B |
| Net Debt | -$185M |
