| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.4B | -3.2% | 7.6% |
| Op. Income | $294M | $330M | $259M | -10.7% | 13.5% |
| Gross Margin | 39.5% | 29.4% | 42.7% | 10.1pp | -3.2pp |
| Net Margin | 14.5% | 17.1% | 13.0% | -2.6pp | 1.5pp |
| EPS (Diluted) | $4.85 | $5.84 | $3.99 | -17.0% | 21.6% |
| Free Cash Flow | $204M | $339M | $225M | -39.8% | -9.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $944M |
| GROSS PROFIT | $616M |
| R&D Expenses | $85M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $237M |
| Other Expenses | $0 |
| Operating Expenses | $322M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $294M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $227M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227M |
| D&A | $87M |
| EBIT | $294M |
| EBITDA | $381M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $944M |
| GROSS PROFIT | $616M |
| R&D Expenses | $85M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $237M |
| Other Expenses | $0 |
| Operating Expenses | $322M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $294M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $279M |
| Income Tax Expense | $52M |
| Net Income from Continuing Ops | $227M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227M |
| D&A | $87M |
| EBIT | $294M |
| EBITDA | $381M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $227M |
| Depreciation & Amortization | $87M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$86M |
| OPERATING CASH FLOW | $234M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | -$53M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$83M |
| Net Debt Issuance | -$200.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $204M |
| Net Change in Cash | $169M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $521M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $1.1B |
| Other Current Assets | $292M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $837M |
| Goodwill | $10.7B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $598M |
| TOTAL NON-CURRENT ASSETS | $12.2B |
| TOTAL ASSETS | $15.5B |
| Account Payables | $541M |
| Short-Term Debt | $450M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $901M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $870M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $10.7B |
| TOTAL STOCKHOLDERS' EQUITY | $10.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.7B |
| TOTAL LIABILITIES & EQUITY | $15.5B |
| Total Debt | $2.5B |
| Net Debt | $2.0B |
