| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.0B | $12.2B | $10.4B | -9.9% | 6.2% |
| Op. Income | $1.9B | $2.3B | $1.8B | -19.1% | 1.3% |
| Gross Margin | 40.7% | 38.0% | 41.0% | 2.7pp | -0.3pp |
| Net Margin | 15.0% | 16.2% | 14.5% | -1.2pp | 0.5pp |
| EPS (Diluted) | $4.43 | $5.21 | $3.98 | -15.0% | 11.3% |
| Free Cash Flow | $816M | $3.0B | $361M | -72.7% | 126.0% |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $336M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $479M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $1.9B |
| Interest Income | $233M |
| Interest Expense | $354M |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$8M |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $430M |
| EBIT | $1.9B |
| EBITDA | $2.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $11.0B |
| Cost of Revenue | $6.5B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $336M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.8B |
| Other Expenses | $479M |
| Operating Expenses | $2.6B |
| Cost & Expenses | $9.1B |
| OPERATING INCOME | $1.9B |
| Interest Income | $233M |
| Interest Expense | $354M |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $1.7B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$8M |
| NET INCOME | $1.7B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.7B |
| D&A | $430M |
| EBIT | $1.9B |
| EBITDA | $2.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.7B |
| Depreciation & Amortization | $736M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$258M |
| Other Non-Cash Items | $170M |
| Change in Working Capital | -$1.1B |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$376M |
| Acquisitions (Net) | -$8.9B |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $250M |
| Other Investing Activities | $51M |
| NET CASH FROM INVESTING | -$9.0B |
| Net Debt Issuance | $4.2B |
| Common Stock Repurchased | -$3.0B |
| Common Dividends Paid | -$162M |
| Other Financing Activities | $40M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $816M |
| Net Change in Cash | -$6.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $2M |
| Net Receivables | $9.2B |
| Inventory | $5.5B |
| Other Current Assets | $4.4B |
| TOTAL CURRENT ASSETS | $22.3B |
| PP&E (Net) | $10.7B |
| Goodwill | $55.2B |
| Intangible Assets | $19.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.0B |
| TOTAL NON-CURRENT ASSETS | $91.0B |
| TOTAL ASSETS | $113.3B |
| Account Payables | $0 |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11.5B |
| TOTAL CURRENT LIABILITIES | $14.6B |
| Long-Term Debt | $40.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.6B |
| TOTAL NON-CURRENT LIABILITIES | $46.7B |
| TOTAL LIABILITIES | $61.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $51.9B |
| TOTAL STOCKHOLDERS' EQUITY | $51.9B |
| Minority Interest | $121M |
| TOTAL EQUITY | $52.1B |
| TOTAL LIABILITIES & EQUITY | $113.3B |
| Total Debt | $43.2B |
| Net Debt | $39.9B |
