| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.1B | $16.9B | $15.4B | 0.8% | 10.8% |
| Op. Income | $225M | $268M | $215M | -16.1% | 4.4% |
| Gross Margin | 11.8% | 11.8% | 11.4% | -0.0pp | 0.4pp |
| Net Margin | 0.5% | 0.8% | 0.7% | -0.2pp | -0.2pp |
| EPS (Diluted) | $0.60 | $0.84 | $0.69 | -28.6% | -13.0% |
| Free Cash Flow | -$224M | $210M | -$43M | -206.9% | -421.2% |
| Item | Amount |
|---|---|
| REVENUE | $17.1B |
| Cost of Revenue | $15.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.8B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $16.9B |
| OPERATING INCOME | $225M |
| Interest Income | $0 |
| Interest Expense | $104M |
| Other Income/Expenses | -$103M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $195M |
| EBIT | $226M |
| EBITDA | $421M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $17.1B |
| Cost of Revenue | $15.1B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.8B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $16.9B |
| OPERATING INCOME | $225M |
| Interest Income | $0 |
| Interest Expense | $104M |
| Other Income/Expenses | -$103M |
| INCOME BEFORE TAX | $122M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $195M |
| EBIT | $226M |
| EBITDA | $421M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $195M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$501M |
| OPERATING CASH FLOW | -$145M |
| Capital Expenditure | -$79M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | $189M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | $183M |
| FREE CASH FLOW | -$224M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $2.9B |
| Inventory | $4.4B |
| Other Current Assets | $227M |
| TOTAL CURRENT ASSETS | $7.6B |
| PP&E (Net) | $5.4B |
| Goodwill | $3.5B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $214M |
| TOTAL NON-CURRENT ASSETS | $10.7B |
| TOTAL ASSETS | $18.4B |
| Account Payables | $3.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $903M |
| Other Non-Current Liabilities | $360M |
| TOTAL NON-CURRENT LIABILITIES | $9.2B |
| TOTAL LIABILITIES | $13.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $18.4B |
| Total Debt | $8.3B |
| Net Debt | $8.3B |
