| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | — | -13.6% | — |
| Op. Income | $499M | $692M | — | -27.8% | — |
| Gross Margin | 49.6% | 53.2% | — | -3.7pp | — |
| Net Margin | 10.5% | 22.6% | — | -12.1pp | — |
| EPS (Diluted) | $1.16 | $2.88 | — | -59.7% | — |
| Free Cash Flow | $344M | $371M | — | -7.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $969M |
| GROSS PROFIT | $952M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $452M |
| Other Expenses | $0 |
| Operating Expenses | $452M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $499M |
| Interest Income | $0 |
| Interest Expense | $83M |
| Other Income/Expenses | -$148M |
| INCOME BEFORE TAX | $351M |
| Income Tax Expense | $127M |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $112M |
| EBIT | $499M |
| EBITDA | $611M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $969M |
| GROSS PROFIT | $952M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $452M |
| Other Expenses | $0 |
| Operating Expenses | $452M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $499M |
| Interest Income | $0 |
| Interest Expense | $83M |
| Other Income/Expenses | -$148M |
| INCOME BEFORE TAX | $351M |
| Income Tax Expense | $127M |
| Net Income from Continuing Ops | $225M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $202M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $202M |
| D&A | $112M |
| EBIT | $499M |
| EBITDA | $611M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $202M |
| Depreciation & Amortization | $112M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $199M |
| Other Non-Cash Items | $158M |
| Change in Working Capital | -$108M |
| OPERATING CASH FLOW | $563M |
| Capital Expenditure | -$219M |
| Acquisitions (Net) | $16M |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$214M |
| Net Debt Issuance | -$104M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$177M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$401M |
| FREE CASH FLOW | $344M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $0 |
| Net Receivables | $658M |
| Inventory | $1.4B |
| Other Current Assets | $712M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $8.5B |
| Goodwill | $5.2B |
| Intangible Assets | $2.5B |
| Long-Term Investments | $0 |
| Tax Assets | $1.4B |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $19.0B |
| TOTAL ASSETS | $21.9B |
| Account Payables | $960M |
| Short-Term Debt | $876M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $854M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $9.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $10.8B |
| TOTAL LIABILITIES | $13.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $8.1B |
| TOTAL STOCKHOLDERS' EQUITY | $8.1B |
| Minority Interest | $305M |
| TOTAL EQUITY | $8.4B |
| TOTAL LIABILITIES & EQUITY | $21.9B |
| Total Debt | $10.6B |
| Net Debt | $10.5B |
