| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.9B | $15.9B | $13.3B | -6.1% | 12.2% |
| Op. Income | $4.3B | $5.1B | $4.0B | -16.3% | 7.2% |
| Gross Margin | 67.3% | 70.2% | 70.6% | -2.9pp | -3.4pp |
| Net Margin | 19.6% | 21.5% | 22.0% | -1.9pp | -2.4pp |
| EPS (Diluted) | $1.01 | $1.19 | $1.03 | -15.1% | -1.9% |
| Free Cash Flow | -$362M | -$2.9B | $5.1B | 87.6% | -107.1% |
| Item | Amount |
|---|---|
| REVENUE | $14.9B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $2.1B |
| General & Administrative | $376M |
| SG&A Expenses | $2.4B |
| Other Expenses | $835M |
| Operating Expenses | $5.8B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $4.3B |
| Interest Income | $73M |
| Interest Expense | $923M |
| Other Income/Expenses | -$850M |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $500M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $420M |
| EBIT | $4.3B |
| EBITDA | $4.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $14.9B |
| Cost of Revenue | $4.9B |
| GROSS PROFIT | $10.0B |
| R&D Expenses | $2.5B |
| Selling & Marketing | $2.1B |
| General & Administrative | $376M |
| SG&A Expenses | $2.4B |
| Other Expenses | $835M |
| Operating Expenses | $5.8B |
| Cost & Expenses | $10.6B |
| OPERATING INCOME | $4.3B |
| Interest Income | $73M |
| Interest Expense | $923M |
| Other Income/Expenses | -$850M |
| INCOME BEFORE TAX | $3.4B |
| Income Tax Expense | $500M |
| Net Income from Continuing Ops | $2.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.9B |
| D&A | $420M |
| EBIT | $4.3B |
| EBITDA | $4.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.9B |
| Depreciation & Amortization | $1.8B |
| Stock-Based Compensation | $1.1B |
| Deferred Income Tax | $515M |
| Other Non-Cash Items | $164M |
| Change in Working Capital | $1.6B |
| OPERATING CASH FLOW | $8.1B |
| Capital Expenditure | -$8.5B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$471M |
| Sales/Maturities of Investments | $255M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8.7B |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | -$112M |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | $1.9B |
| NET CASH FROM FINANCING | $210M |
| FREE CASH FLOW | -$362M |
| Net Change in Cash | -$341M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.4B |
| Short-Term Investments | $560M |
| Net Receivables | $8.8B |
| Inventory | $0 |
| Other Current Assets | $4.8B |
| TOTAL CURRENT ASSETS | $24.6B |
| PP&E (Net) | $53.2B |
| Goodwill | $62.2B |
| Intangible Assets | $4.2B |
| Long-Term Investments | $0 |
| Tax Assets | $11.7B |
| Other Non-Current Assets | $24.5B |
| TOTAL NON-CURRENT ASSETS | $155.8B |
| TOTAL ASSETS | $180.4B |
| Account Payables | $8.2B |
| Short-Term Debt | $9.1B |
| Deferred Revenue | $12.1B |
| Other Current Liabilities | $10.5B |
| TOTAL CURRENT LIABILITIES | $39.9B |
| Long-Term Debt | $82.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19.6B |
| TOTAL NON-CURRENT LIABILITIES | $115.9B |
| TOTAL LIABILITIES | $155.8B |
| Common Stock | $39.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$14.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24.2B |
| Minority Interest | $512M |
| TOTAL EQUITY | $24.7B |
| TOTAL LIABILITIES & EQUITY | $180.4B |
| Total Debt | $105.4B |
| Net Debt | $95.0B |
