| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $1.9B | $1.9B | 21.4% | 22.6% |
| Op. Income | $176M | $18M | $291M | 877.8% | -39.5% |
| Gross Margin | 29.8% | 26.2% | 38.6% | 3.6pp | -8.8pp |
| Net Margin | 4.9% | -1.2% | 11.2% | 6.1pp | -6.4pp |
| EPS (Diluted) | $0.75 | $-0.16 | $1.46 | 568.8% | -48.6% |
| Free Cash Flow | $438M | $49M | -$198M | 793.9% | 321.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $687M |
| R&D Expenses | $316M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $179M |
| Other Expenses | $16M |
| Operating Expenses | $511M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $176M |
| Interest Income | $16M |
| Interest Expense | $40M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $36M |
| EBIT | $164M |
| EBITDA | $200M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $687M |
| R&D Expenses | $316M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $179M |
| Other Expenses | $16M |
| Operating Expenses | $511M |
| Cost & Expenses | $2.1B |
| OPERATING INCOME | $176M |
| Interest Income | $16M |
| Interest Expense | $40M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $36M |
| EBIT | $164M |
| EBITDA | $200M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $250M |
| OPERATING CASH FLOW | $488M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $25M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$515M |
| FREE CASH FLOW | $438M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $1.9B |
| Other Current Assets | $370M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $630M |
| Goodwill | $5.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $663M |
| Tax Assets | $57M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $12.7B |
| Account Payables | $398M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $305M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $11.3B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$234M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $1.5B |
| Net Debt | $97M |
