| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $819M | $869M | $887M | -5.8% | -7.7% |
| Op. Income | $30M | $28M | $5M | 6.6% | 553.2% |
| Gross Margin | 40.5% | 42.2% | 37.5% | -1.6pp | 3.0pp |
| Net Margin | 3.1% | 3.6% | 0.0% | -0.5pp | 3.1pp |
| EPS (Diluted) | $0.27 | $0.33 | $0.00 | -18.2% | 6179.1% |
| Free Cash Flow | $145M | $171M | $43M | -14.8% | 239.3% |
| Item | Amount |
|---|---|
| REVENUE | $819M |
| Cost of Revenue | $487M |
| GROSS PROFIT | $332M |
| R&D Expenses | $179M |
| Selling & Marketing | $57M |
| General & Administrative | $51M |
| SG&A Expenses | $108M |
| Other Expenses | $15M |
| Operating Expenses | $302M |
| Cost & Expenses | $789M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $67M |
| EBIT | $50M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $819M |
| Cost of Revenue | $487M |
| GROSS PROFIT | $332M |
| R&D Expenses | $179M |
| Selling & Marketing | $57M |
| General & Administrative | $51M |
| SG&A Expenses | $108M |
| Other Expenses | $15M |
| Operating Expenses | $302M |
| Cost & Expenses | $789M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $67M |
| EBIT | $50M |
| EBITDA | $118M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $67M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $33M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $145M |
| Net Change in Cash | $144M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $343M |
| Inventory | $638M |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $794M |
| Goodwill | $2.4B |
| Intangible Assets | $252M |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $293M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $280M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $266M |
| TOTAL CURRENT LIABILITIES | $798M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $213M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $3.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$8M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $1.5B |
| Net Debt | $384M |
