| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.9B | $9.6B | $9.4B | 3.5% | 5.4% |
| Op. Income | $910M | $948M | $1.1B | -4.0% | -18.9% |
| Gross Margin | 15.6% | 23.1% | 24.5% | -7.5pp | -8.9pp |
| Net Margin | 3.0% | 1.4% | 8.3% | 1.6pp | -5.3pp |
| EPS (Diluted) | $0.26 | $0.12 | $0.69 | 116.7% | -62.3% |
| Free Cash Flow | $1.3B | $926M | $1.4B | 37.6% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $8.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $639M |
| SG&A Expenses | $639M |
| Other Expenses | $0 |
| Operating Expenses | $639M |
| Cost & Expenses | $9.0B |
| OPERATING INCOME | $910M |
| Interest Income | $13M |
| Interest Expense | $165M |
| Other Income/Expenses | -$145M |
| INCOME BEFORE TAX | $765M |
| Income Tax Expense | $472M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $293M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $293M |
| D&A | $432M |
| EBIT | $930M |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $9.9B |
| Cost of Revenue | $8.4B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $639M |
| SG&A Expenses | $639M |
| Other Expenses | $0 |
| Operating Expenses | $639M |
| Cost & Expenses | $9.0B |
| OPERATING INCOME | $910M |
| Interest Income | $13M |
| Interest Expense | $165M |
| Other Income/Expenses | -$145M |
| INCOME BEFORE TAX | $765M |
| Income Tax Expense | $472M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $293M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $293M |
| D&A | $432M |
| EBIT | $930M |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $293M |
| Depreciation & Amortization | $3.2B |
| Stock-Based Compensation | $126M |
| Deferred Income Tax | -$2.5B |
| Other Non-Cash Items | $628M |
| Change in Working Capital | -$58M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$324M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$323M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$705M |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | -$743M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.4B |
| Short-Term Investments | $185M |
| Net Receivables | $1.2B |
| Inventory | $2.1B |
| Other Current Assets | $5.1B |
| TOTAL CURRENT ASSETS | $12.0B |
| PP&E (Net) | $15.6B |
| Goodwill | $1.3B |
| Intangible Assets | $167M |
| Long-Term Investments | $288M |
| Tax Assets | $1.6B |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $20.2B |
| TOTAL ASSETS | $32.2B |
| Account Payables | $1.7B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $3.7B |
| TOTAL CURRENT LIABILITIES | $11.5B |
| Long-Term Debt | $22.6B |
| Deferred Revenue NC | $5.7B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.3B |
| TOTAL NON-CURRENT LIABILITIES | $29.1B |
| TOTAL LIABILITIES | $40.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $722M |
| Retained Earnings | -$8.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$426M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$8.4B |
| Minority Interest | $7M |
| TOTAL EQUITY | -$8.4B |
| TOTAL LIABILITIES & EQUITY | $32.2B |
| Total Debt | $33.5B |
| Net Debt | $30.1B |
