| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | — | 6.8% | — |
| Op. Income | $203M | $121M | — | 67.3% | — |
| Gross Margin | 73.5% | 71.0% | — | 2.6pp | — |
| Net Margin | 2.7% | 19.9% | — | -17.2pp | — |
| EPS (Diluted) | $0.40 | $2.39 | — | -83.3% | — |
| Free Cash Flow | $822M | $605M | — | 35.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $637M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $715M |
| Selling & Marketing | $396M |
| General & Administrative | $183M |
| SG&A Expenses | $579M |
| Other Expenses | $274M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $203M |
| Interest Income | $17M |
| Interest Expense | $163M |
| Other Income/Expenses | -$124M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $248M |
| EBIT | $242M |
| EBITDA | $490M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.4B |
| Cost of Revenue | $637M |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $715M |
| Selling & Marketing | $396M |
| General & Administrative | $183M |
| SG&A Expenses | $579M |
| Other Expenses | $274M |
| Operating Expenses | $1.6B |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $203M |
| Interest Income | $17M |
| Interest Expense | $163M |
| Other Income/Expenses | -$124M |
| INCOME BEFORE TAX | $79M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $248M |
| EBIT | $242M |
| EBITDA | $490M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $451M |
| Stock-Based Compensation | $259M |
| Deferred Income Tax | -$52M |
| Other Non-Cash Items | -$84M |
| Change in Working Capital | $219M |
| OPERATING CASH FLOW | $857M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.6B |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $822M |
| Net Change in Cash | -$759M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $74M |
| Net Receivables | $1.6B |
| Inventory | $393M |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $1.4B |
| Goodwill | $26.9B |
| Intangible Assets | $12.3B |
| Long-Term Investments | $0 |
| Tax Assets | $117M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $41.9B |
| TOTAL ASSETS | $47.2B |
| Account Payables | $1.3B |
| Short-Term Debt | $22M |
| Deferred Revenue | $2.5B |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $10.0B |
| Deferred Revenue NC | $421M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $10.4B |
| TOTAL LIABILITIES | $16.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $20.6B |
| Retained Earnings | $10.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$204M |
| Other Equity | -$193M |
| TOTAL STOCKHOLDERS' EQUITY | $30.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $30.5B |
| TOTAL LIABILITIES & EQUITY | $47.2B |
| Total Debt | $10.0B |
| Net Debt | $7.9B |
