| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.4B | $4.4B | 17.9% | 19.1% |
| Op. Income | $588M | $310M | $275M | 89.5% | 113.7% |
| Gross Margin | 14.7% | 11.8% | 11.1% | 2.8pp | 3.5pp |
| Net Margin | 7.8% | 6.0% | 5.0% | 1.7pp | 2.8pp |
| EPS (Diluted) | $2.78 | $1.82 | $1.44 | 52.7% | 93.1% |
| Free Cash Flow | $10M | $84M | -$153M | -87.7% | 106.8% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $763M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $0 |
| Operating Expenses | $175M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $588M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | $75M |
| INCOME BEFORE TAX | $663M |
| Income Tax Expense | $263M |
| Net Income from Continuing Ops | $400M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $403M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $403M |
| D&A | $159M |
| EBIT | $588M |
| EBITDA | $747M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $4.4B |
| GROSS PROFIT | $763M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $0 |
| Operating Expenses | $175M |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $588M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | $75M |
| INCOME BEFORE TAX | $663M |
| Income Tax Expense | $263M |
| Net Income from Continuing Ops | $400M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $403M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $403M |
| D&A | $159M |
| EBIT | $588M |
| EBITDA | $747M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $400M |
| Depreciation & Amortization | $159M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$459M |
| OPERATING CASH FLOW | $148M |
| Capital Expenditure | -$138M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$139M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$115M |
| Common Dividends Paid | -$72M |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$223M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | -$214M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $557M |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $3.9B |
| Other Current Assets | $274M |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $8.5B |
| Goodwill | $477M |
| Intangible Assets | $323M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $574M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $16.7B |
| Account Payables | $1.4B |
| Short-Term Debt | $22M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $634M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $4.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $194M |
| TOTAL NON-CURRENT LIABILITIES | $5.4B |
| TOTAL LIABILITIES | $7.6B |
| Common Stock | $653.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $16.0B |
| Treasury Stock | -$8.1B |
| Accum. Other Comp. Income | -$858.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.2B |
| Minority Interest | -$31M |
| TOTAL EQUITY | $9.1B |
| TOTAL LIABILITIES & EQUITY | $16.8B |
| Total Debt | $4.2B |
| Net Debt | $3.6B |
