| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.1B | $16.4B | $12.5B | -19.8% | 5.1% |
| Op. Income | $1.3B | $1.8B | $1.3B | -28.7% | -1.8% |
| Gross Margin | 29.5% | 30.5% | 30.0% | -1.0pp | -0.5pp |
| Net Margin | 7.9% | 8.6% | 8.6% | -0.6pp | -0.7pp |
| EPS (Diluted) | $0.92 | $1.23 | $0.93 | -25.2% | -1.1% |
| Free Cash Flow | -$103M | $2.2B | $318M | -104.7% | -132.4% |
| Item | Amount |
|---|---|
| REVENUE | $13.1B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $11.8B |
| OPERATING INCOME | $1.3B |
| Interest Income | $48M |
| Interest Expense | $18M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $310M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $296M |
| EBIT | $1.4B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.1B |
| Cost of Revenue | $9.2B |
| GROSS PROFIT | $3.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.5B |
| Other Expenses | $0 |
| Operating Expenses | $2.5B |
| Cost & Expenses | $11.8B |
| OPERATING INCOME | $1.3B |
| Interest Income | $48M |
| Interest Expense | $18M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $310M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $296M |
| EBIT | $1.4B |
| EBITDA | $1.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $296M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$979M |
| OPERATING CASH FLOW | $394M |
| Capital Expenditure | -$497M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$503M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$613M |
| Common Dividends Paid | -$424M |
| Other Financing Activities | -$61M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | -$103M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.3B |
| Short-Term Investments | $0 |
| Net Receivables | $638M |
| Inventory | $7.1B |
| Other Current Assets | $575M |
| TOTAL CURRENT ASSETS | $12.6B |
| PP&E (Net) | $17.5B |
| Goodwill | $95M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $141M |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $19.3B |
| TOTAL ASSETS | $31.9B |
| Account Payables | $4.4B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10.8B |
| Long-Term Debt | $2.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $154M |
| Other Non-Current Liabilities | $972M |
| TOTAL NON-CURRENT LIABILITIES | $12.5B |
| TOTAL LIABILITIES | $23.4B |
| Common Stock | $1.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$464M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.5B |
| TOTAL LIABILITIES & EQUITY | $31.9B |
| Total Debt | $13.1B |
| Net Debt | $8.8B |
