| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.5B | -10.0% | 1.2% |
| Op. Income | $309M | $348M | $282M | -11.2% | 9.6% |
| Gross Margin | 70.4% | 68.9% | 71.3% | 1.5pp | -0.8pp |
| Net Margin | 14.9% | 19.6% | 16.1% | -4.7pp | -1.1pp |
| EPS (Diluted) | $1.15 | $1.65 | $1.17 | -30.3% | -1.7% |
| Free Cash Flow | $620M | $640M | $300M | -3.1% | 106.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $461M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $242M |
| Selling & Marketing | $461M |
| General & Administrative | $84M |
| SG&A Expenses | $545M |
| Other Expenses | $2M |
| Operating Expenses | $789M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $309M |
| Interest Income | $36M |
| Interest Expense | $29M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $304M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $233M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $233M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $233M |
| D&A | $51M |
| EBIT | $333M |
| EBITDA | $384M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $461M |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $242M |
| Selling & Marketing | $461M |
| General & Administrative | $84M |
| SG&A Expenses | $545M |
| Other Expenses | $2M |
| Operating Expenses | $789M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $309M |
| Interest Income | $36M |
| Interest Expense | $29M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $304M |
| Income Tax Expense | $71M |
| Net Income from Continuing Ops | $233M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $233M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $233M |
| D&A | $51M |
| EBIT | $333M |
| EBITDA | $384M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $233M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $83M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $57M |
| Change in Working Capital | $240M |
| OPERATING CASH FLOW | $673M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$741M |
| Sales/Maturities of Investments | $598M |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$181M |
| Net Debt Issuance | -$750M |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$104M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $620M |
| Net Change in Cash | -$658M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $1.2B |
| Net Receivables | $787M |
| Inventory | $133M |
| Other Current Assets | $443M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $814M |
| Goodwill | $2.7B |
| Intangible Assets | $37M |
| Long-Term Investments | $93M |
| Tax Assets | $985M |
| Other Non-Current Assets | $329M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $404M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.3B |
| Other Current Liabilities | $854M |
| TOTAL CURRENT LIABILITIES | $3.6B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $2.3B |
| Deferred Tax Liabilities | $48M |
| Other Non-Current Liabilities | $127M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $975M |
| Minority Interest | $0 |
| TOTAL EQUITY | $975M |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $2.7B |
| Net Debt | $660M |
