| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.4B | $2.2B | 7.6% | 21.3% |
| Op. Income | $707M | $568M | $403M | 24.5% | 75.4% |
| Gross Margin | 39.4% | 37.4% | 32.9% | 2.0pp | 6.5pp |
| Net Margin | 20.9% | 20.0% | 14.1% | 0.9pp | 6.8pp |
| EPS (Diluted) | $2.43 | $2.24 | $1.41 | 8.5% | 72.3% |
| Free Cash Flow | $427M | $425M | $27M | 0.5% | 1481.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $186M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $330M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $707M |
| Interest Income | $7M |
| Interest Expense | $80M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | $614M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $549M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $549M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $549M |
| D&A | $72M |
| EBIT | $694M |
| EBITDA | $766M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $1.0B |
| R&D Expenses | $186M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $330M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $707M |
| Interest Income | $7M |
| Interest Expense | $80M |
| Other Income/Expenses | -$93M |
| INCOME BEFORE TAX | $614M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $549M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $549M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $549M |
| D&A | $72M |
| EBIT | $694M |
| EBITDA | $766M |
| EPS | $3 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $549M |
| Depreciation & Amortization | $72M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$131M |
| OPERATING CASH FLOW | $532M |
| Capital Expenditure | -$105M |
| Acquisitions (Net) | $15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$90M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | -$153M |
| Other Financing Activities | -$61M |
| NET CASH FROM FINANCING | -$221M |
| FREE CASH FLOW | $427M |
| Net Change in Cash | $221M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $1.5B |
| Other Current Assets | $219M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $1.7B |
| Goodwill | $1.2B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $410M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $1.7B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $212M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $890M |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $7.8B |
| Retained Earnings | -$7.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$63M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$63M |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $5.0B |
| Net Debt | $3.9B |
