| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.4B | $20.9B | $21.7B | 7.2% | 3.0% |
| Op. Income | $5.9B | $4.4B | $5.8B | 34.5% | 1.0% |
| Gross Margin | 51.4% | 49.1% | 52.1% | 2.3pp | -0.7pp |
| Net Margin | 21.2% | 17.3% | 18.2% | 3.9pp | 3.0pp |
| EPS (Diluted) | $1.95 | $1.48 | $1.61 | 31.8% | 21.1% |
| Free Cash Flow | $4.2B | $4.0B | $3.3B | 5.5% | 27.2% |
| Item | Amount |
|---|---|
| REVENUE | $22.4B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $11.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.6B |
| Other Expenses | $0 |
| Operating Expenses | $5.6B |
| Cost & Expenses | $16.5B |
| OPERATING INCOME | $5.9B |
| Interest Income | $108M |
| Interest Expense | $197M |
| Other Income/Expenses | $178M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.3B |
| Net Income from Continuing Ops | $4.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.8B |
| Net Income Deductions | -$73M |
| BOTTOM LINE NET INCOME | $4.8B |
| D&A | $761M |
| EBIT | $6.2B |
| EBITDA | $7.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $22.4B |
| Cost of Revenue | $10.9B |
| GROSS PROFIT | $11.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.6B |
| Other Expenses | $0 |
| Operating Expenses | $5.6B |
| Cost & Expenses | $16.5B |
| OPERATING INCOME | $5.9B |
| Interest Income | $108M |
| Interest Expense | $197M |
| Other Income/Expenses | $178M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.3B |
| Net Income from Continuing Ops | $4.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.8B |
| Net Income Deductions | -$73M |
| BOTTOM LINE NET INCOME | $4.8B |
| D&A | $761M |
| EBIT | $6.2B |
| EBITDA | $7.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.8B |
| Depreciation & Amortization | $761M |
| Stock-Based Compensation | $121M |
| Deferred Income Tax | $53M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$304M |
| OPERATING CASH FLOW | $5.4B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$330M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $1.4B |
| Common Stock Repurchased | -$1.3B |
| Common Dividends Paid | -$2.5B |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $4.2B |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.2B |
| Short-Term Investments | $0 |
| Net Receivables | $6.5B |
| Inventory | $7.8B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $27.1B |
| PP&E (Net) | $24.1B |
| Goodwill | $41.6B |
| Intangible Assets | $21.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.9B |
| TOTAL NON-CURRENT ASSETS | $100.5B |
| TOTAL ASSETS | $127.6B |
| Account Payables | $15.6B |
| Short-Term Debt | $11.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.8B |
| TOTAL CURRENT LIABILITIES | $38.0B |
| Long-Term Debt | $24.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.9B |
| Other Non-Current Liabilities | $5.8B |
| TOTAL NON-CURRENT LIABILITIES | $36.1B |
| TOTAL LIABILITIES | $74.0B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $68.9B |
| Retained Earnings | $132.2B |
| Treasury Stock | -$139.8B |
| Accum. Other Comp. Income | -$12.2B |
| Other Equity | -$637M |
| TOTAL STOCKHOLDERS' EQUITY | $53.3B |
| Minority Interest | $281M |
| TOTAL EQUITY | $53.6B |
| TOTAL LIABILITIES & EQUITY | $127.6B |
| Total Debt | $35.9B |
| Net Debt | $24.8B |
