| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21.1B | $21.1B | $20.5B | 0.0% | 3.2% |
| Op. Income | $800M | $888M | $808M | -9.9% | -1.0% |
| Gross Margin | 18.4% | 18.9% | 18.3% | -0.4pp | 0.1pp |
| Net Margin | 2.3% | 2.5% | 2.4% | -0.3pp | -0.1pp |
| EPS (Diluted) | $0.99 | $1.10 | $0.99 | -10.0% | 0.0% |
| Free Cash Flow | -$74M | $996M | -$69M | -107.4% | -7.2% |
| Item | Amount |
|---|---|
| REVENUE | $21.1B |
| Cost of Revenue | $17.2B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3.1B |
| Operating Expenses | $3.1B |
| Cost & Expenses | $20.3B |
| OPERATING INCOME | $800M |
| Interest Income | $0 |
| Interest Expense | $172M |
| Other Income/Expenses | -$200M |
| INCOME BEFORE TAX | $600M |
| Income Tax Expense | $124M |
| Net Income from Continuing Ops | $476M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $476M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $476M |
| D&A | $270M |
| EBIT | $772M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $21.1B |
| Cost of Revenue | $17.2B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3.1B |
| Operating Expenses | $3.1B |
| Cost & Expenses | $20.3B |
| OPERATING INCOME | $800M |
| Interest Income | $0 |
| Interest Expense | $172M |
| Other Income/Expenses | -$200M |
| INCOME BEFORE TAX | $600M |
| Income Tax Expense | $124M |
| Net Income from Continuing Ops | $476M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $476M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $476M |
| D&A | $270M |
| EBIT | $772M |
| EBITDA | $1.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $476M |
| Depreciation & Amortization | $270M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$728M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$160M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$114M |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | $36M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$259M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$195M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | -$222M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $844M |
| Short-Term Investments | $0 |
| Net Receivables | $5.8B |
| Inventory | $5.4B |
| Other Current Assets | $391M |
| TOTAL CURRENT ASSETS | $12.4B |
| PP&E (Net) | $7.1B |
| Goodwill | $5.2B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $379M |
| Tax Assets | $490M |
| Other Non-Current Assets | $422M |
| TOTAL NON-CURRENT ASSETS | $14.6B |
| TOTAL ASSETS | $27.0B |
| Account Payables | $6.5B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10.8B |
| Long-Term Debt | $11.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $351M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $14.1B |
| TOTAL LIABILITIES | $24.9B |
| Common Stock | $765M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $13.3B |
| Treasury Stock | -$12.8B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $44M |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $27.0B |
| Total Debt | $14.6B |
| Net Debt | $13.7B |
