| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.3B | -6.0% | 8.7% |
| Op. Income | $246M | $216M | $186M | 13.8% | 32.6% |
| Gross Margin | 45.1% | 43.3% | 44.7% | 1.8pp | 0.4pp |
| Net Margin | 12.8% | 9.8% | 11.4% | 2.9pp | 1.4pp |
| EPS (Diluted) | $1.79 | $1.48 | $1.46 | 20.9% | 22.6% |
| Free Cash Flow | $326M | $190M | $196M | 71.9% | 66.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $763M |
| GROSS PROFIT | $628M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $354M |
| Other Expenses | $2M |
| Operating Expenses | $382M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $246M |
| Interest Income | $2M |
| Interest Expense | $16M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $178M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $119M |
| EBIT | $248M |
| EBITDA | $367M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $763M |
| GROSS PROFIT | $628M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $354M |
| Other Expenses | $2M |
| Operating Expenses | $382M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $246M |
| Interest Income | $2M |
| Interest Expense | $16M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $54M |
| Net Income from Continuing Ops | $178M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $177M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $177M |
| D&A | $119M |
| EBIT | $248M |
| EBITDA | $367M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $178M |
| Depreciation & Amortization | $119M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $96M |
| OPERATING CASH FLOW | $420M |
| Capital Expenditure | -$94M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | -$156M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$56M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$213M |
| FREE CASH FLOW | $326M |
| Net Change in Cash | $108M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $280M |
| Short-Term Investments | $0 |
| Net Receivables | $947M |
| Inventory | $641M |
| Other Current Assets | $190M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $2.2B |
| Goodwill | $4.2B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $8.3B |
| TOTAL ASSETS | $10.4B |
| Account Payables | $301M |
| Short-Term Debt | $0 |
| Deferred Revenue | $52M |
| Other Current Liabilities | $365M |
| TOTAL CURRENT LIABILITIES | $927M |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $411M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $4.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$71M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $13M |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $10.4B |
| Total Debt | $2.1B |
| Net Debt | $1.8B |
