| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17.2B | — | $14.5B | — | 18.1% |
| Op. Income | $489M | — | $291M | — | 68.4% |
| Gross Margin | 7.3% | — | 6.1% | — | 1.2pp |
| Net Margin | 1.9% | — | 1.2% | — | 0.8pp |
| EPS (Diluted) | $4.04 | — | $1.98 | — | 104.0% |
| Free Cash Flow | -$929M | — | -$790M | — | -17.7% |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $15.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $763M |
| Other Expenses | $0 |
| Operating Expenses | $763M |
| Cost & Expenses | $16.7B |
| OPERATING INCOME | $489M |
| Interest Income | $0 |
| Interest Expense | $87M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $422M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $327M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $327M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $327M |
| D&A | $0 |
| EBIT | $489M |
| EBITDA | $489M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $17.2B |
| Cost of Revenue | $15.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $763M |
| Other Expenses | $0 |
| Operating Expenses | $763M |
| Cost & Expenses | $16.7B |
| OPERATING INCOME | $489M |
| Interest Income | $0 |
| Interest Expense | $87M |
| Other Income/Expenses | -$67M |
| INCOME BEFORE TAX | $422M |
| Income Tax Expense | $95M |
| Net Income from Continuing Ops | $327M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $327M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $327M |
| D&A | $0 |
| EBIT | $489M |
| EBITDA | $489M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $327M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | -$1.3B |
| OPERATING CASH FLOW | -$896M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | -$520.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $113M |
| Common Stock Repurchased | -$83M |
| Common Dividends Paid | -$39M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$929M |
| Net Change in Cash | -$873M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $11.9B |
| Inventory | $11.0B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $26.1B |
| PP&E (Net) | $504M |
| Goodwill | $4.1B |
| Intangible Assets | $3.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $606M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $35.1B |
| Account Payables | $18.1B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $805M |
| Other Non-Current Liabilities | $4.1B |
| TOTAL NON-CURRENT LIABILITIES | $4.9B |
| TOTAL LIABILITIES | $26.3B |
| Common Stock | $99.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$294M |
| Other Equity | $5.4B |
| TOTAL STOCKHOLDERS' EQUITY | $8.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.8B |
| TOTAL LIABILITIES & EQUITY | $35.1B |
| Total Debt | $1.1B |
| Net Debt | -$434M |
