| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.1B | -5.9% | -3.1% |
| Op. Income | $115M | $111M | $181M | 3.8% | -36.4% |
| Gross Margin | 41.3% | 40.7% | 41.4% | 0.6pp | -0.1pp |
| Net Margin | 7.6% | 12.9% | 15.2% | -5.2pp | -7.5pp |
| EPS (Diluted) | $0.53 | $0.94 | $1.00 | -43.6% | -47.0% |
| Free Cash Flow | $339M | $144M | $338M | 135.4% | 0.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $608M |
| GROSS PROFIT | $427M |
| R&D Expenses | $203M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $108M |
| Other Expenses | $0 |
| Operating Expenses | $312M |
| Cost & Expenses | $920M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $117M |
| EBIT | $116M |
| EBITDA | $233M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $608M |
| GROSS PROFIT | $427M |
| R&D Expenses | $203M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $108M |
| Other Expenses | $0 |
| Operating Expenses | $312M |
| Cost & Expenses | $920M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $110M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $117M |
| EBIT | $116M |
| EBITDA | $233M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $79M |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | $100.0K |
| Other Non-Cash Items | -$100.0K |
| Change in Working Capital | $141M |
| OPERATING CASH FLOW | $396M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11M |
| Sales/Maturities of Investments | $220M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | $139M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$106M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$145M |
| FREE CASH FLOW | $339M |
| Net Change in Cash | $389M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $8M |
| Net Receivables | $398M |
| Inventory | $768M |
| Other Current Assets | $168M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $1.4B |
| Goodwill | $2.2B |
| Intangible Assets | $765M |
| Long-Term Investments | $10M |
| Tax Assets | $376M |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $209M |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $221M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $497M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $159M |
| TOTAL NON-CURRENT LIABILITIES | $814M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $38M |
| Additional Paid-In Capital | $97M |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $1.2B |
| Net Debt | -$358M |
