| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $1.2B | -0.9% | 9.1% |
| Op. Income | $447M | $455M | $387M | -1.8% | 15.3% |
| Gross Margin | 61.5% | 60.8% | 58.6% | 0.6pp | 2.9pp |
| Net Margin | 26.1% | 28.2% | 25.4% | -2.1pp | 0.7pp |
| EPS (Diluted) | $2.37 | $2.58 | $2.11 | -8.1% | 12.3% |
| Free Cash Flow | $414M | $508M | $306M | -18.5% | 35.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $515M |
| GROSS PROFIT | $821M |
| R&D Expenses | $87M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $259M |
| Other Expenses | $28M |
| Operating Expenses | $374M |
| Cost & Expenses | $889M |
| OPERATING INCOME | $447M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $256.0K |
| INCOME BEFORE TAX | $447M |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $349M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $349M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $349M |
| D&A | $48M |
| EBIT | $456M |
| EBITDA | $503M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $515M |
| GROSS PROFIT | $821M |
| R&D Expenses | $87M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $259M |
| Other Expenses | $28M |
| Operating Expenses | $374M |
| Cost & Expenses | $889M |
| OPERATING INCOME | $447M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $256.0K |
| INCOME BEFORE TAX | $447M |
| Income Tax Expense | $98M |
| Net Income from Continuing Ops | $349M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $349M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $349M |
| D&A | $48M |
| EBIT | $456M |
| EBITDA | $503M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $349M |
| Depreciation & Amortization | $58M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $457M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | -$522.0K |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$88M |
| Other Financing Activities | -$719.0K |
| NET CASH FROM FINANCING | -$230M |
| FREE CASH FLOW | $414M |
| Net Change in Cash | $174M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $958M |
| Inventory | $946M |
| Other Current Assets | $161M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $726M |
| Goodwill | $3.0B |
| Intangible Assets | $447M |
| Long-Term Investments | $165M |
| Tax Assets | $276M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $267M |
| Short-Term Debt | $260M |
| Deferred Revenue | $168M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $409M |
| Deferred Revenue NC | $159M |
| Deferred Tax Liabilities | $78M |
| Other Non-Current Liabilities | $138M |
| TOTAL NON-CURRENT LIABILITIES | $932M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $762.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $6.3B |
| Treasury Stock | -$2.2B |
| Accum. Other Comp. Income | -$61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $846M |
| Net Debt | -$537M |
