| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44.1B | $39.3B | $26.0B | 12.0% | 69.2% |
| Op. Income | $21.6B | $24.0B | $16.9B | -10.0% | 28.0% |
| Gross Margin | 60.5% | 73.0% | 78.4% | -12.5pp | -17.8pp |
| Net Margin | 42.6% | 56.2% | 57.1% | -13.6pp | -14.5pp |
| EPS (Diluted) | $0.76 | $0.89 | $0.60 | -14.6% | 26.7% |
| Free Cash Flow | $26.2B | $15.6B | $15.0B | 68.4% | 74.9% |
| Item | Amount |
|---|---|
| REVENUE | $44.1B |
| Cost of Revenue | $17.4B |
| GROSS PROFIT | $26.7B |
| R&D Expenses | $4.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $5.0B |
| Cost & Expenses | $22.4B |
| OPERATING INCOME | $21.6B |
| Interest Income | $515M |
| Interest Expense | $63M |
| Other Income/Expenses | $272M |
| INCOME BEFORE TAX | $21.9B |
| Income Tax Expense | $3.1B |
| Net Income from Continuing Ops | $18.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18.8B |
| D&A | $611M |
| EBIT | $22.0B |
| EBITDA | $22.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $44.1B |
| Cost of Revenue | $17.4B |
| GROSS PROFIT | $26.7B |
| R&D Expenses | $4.0B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $0 |
| Operating Expenses | $5.0B |
| Cost & Expenses | $22.4B |
| OPERATING INCOME | $21.6B |
| Interest Income | $515M |
| Interest Expense | $63M |
| Other Income/Expenses | $272M |
| INCOME BEFORE TAX | $21.9B |
| Income Tax Expense | $3.1B |
| Net Income from Continuing Ops | $18.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18.8B |
| D&A | $611M |
| EBIT | $22.0B |
| EBITDA | $22.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18.8B |
| Depreciation & Amortization | $611M |
| Stock-Based Compensation | $1.5B |
| Deferred Income Tax | -$2.2B |
| Other Non-Cash Items | $77M |
| Change in Working Capital | $8.7B |
| OPERATING CASH FLOW | $27.4B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | -$383M |
| Purchases of Investments | -$7.2B |
| Sales/Maturities of Investments | $3.6B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.2B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$14.1B |
| Common Dividends Paid | -$244M |
| Other Financing Activities | -$1.2B |
| NET CASH FROM FINANCING | -$15.6B |
| FREE CASH FLOW | $26.2B |
| Net Change in Cash | $6.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15.2B |
| Short-Term Investments | $38.5B |
| Net Receivables | $22.1B |
| Inventory | $11.3B |
| Other Current Assets | $2.8B |
| TOTAL CURRENT ASSETS | $89.9B |
| PP&E (Net) | $7.1B |
| Goodwill | $5.5B |
| Intangible Assets | $769M |
| Long-Term Investments | $6.5B |
| Tax Assets | $13.3B |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $35.3B |
| TOTAL ASSETS | $125.3B |
| Account Payables | $7.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $26.5B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $1.0B |
| Deferred Tax Liabilities | $1.1B |
| Other Non-Current Liabilities | $2.8B |
| TOTAL NON-CURRENT LIABILITIES | $14.9B |
| TOTAL LIABILITIES | $41.4B |
| Common Stock | $24M |
| Additional Paid-In Capital | $11.5B |
| Retained Earnings | $72.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $186M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $83.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $83.8B |
| TOTAL LIABILITIES & EQUITY | $125.3B |
| Total Debt | $10.3B |
| Net Debt | -$4.9B |
