| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.0B | -3.2% | 10.1% |
| Op. Income | $235M | $206M | $214M | 13.8% | 9.7% |
| Gross Margin | 27.1% | 24.7% | 27.7% | 2.4pp | -0.6pp |
| Net Margin | 4.5% | 2.3% | 5.7% | 2.2pp | -1.3pp |
| EPS (Diluted) | $1.71 | $0.88 | $1.78 | 94.3% | -3.9% |
| Free Cash Flow | $119M | $152M | $171M | -21.3% | -30.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $590M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $355M |
| Other Expenses | $0 |
| Operating Expenses | $355M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $235M |
| Interest Income | $0 |
| Interest Expense | $103M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $153M |
| EBIT | $235M |
| EBITDA | $387M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $590M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $355M |
| Other Expenses | $0 |
| Operating Expenses | $355M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $235M |
| Interest Income | $0 |
| Interest Expense | $103M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $27M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $153M |
| EBIT | $235M |
| EBITDA | $387M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $153M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $236M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $262M |
| NET CASH FROM INVESTING | $262M |
| Net Debt Issuance | $55M |
| Common Stock Repurchased | -$376M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$75M |
| NET CASH FROM FINANCING | -$396M |
| FREE CASH FLOW | $119M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $279M |
| Short-Term Investments | $0 |
| Net Receivables | $681M |
| Inventory | $908M |
| Other Current Assets | $104M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $2.7B |
| Goodwill | $4.8B |
| Intangible Assets | $3.0B |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $513M |
| TOTAL NON-CURRENT ASSETS | $11.0B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $579M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $459M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $7.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $660M |
| Other Non-Current Liabilities | $358M |
| TOTAL NON-CURRENT LIABILITIES | $8.5B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | $2.2B |
| Treasury Stock | -$4.1B |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $11M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $7.5B |
| Net Debt | $7.2B |
