| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.4B | $24.9B | $19.3B | -10.1% | 15.8% |
| Op. Income | $941M | $1.4B | $399M | -33.2% | 135.8% |
| Gross Margin | 21.1% | 20.1% | 16.3% | 1.0pp | 4.8pp |
| Net Margin | 2.2% | 3.4% | 2.1% | -1.2pp | 0.1pp |
| EPS (Diluted) | $0.13 | $0.24 | $0.12 | -45.8% | 11.9% |
| Free Cash Flow | $1.4B | $1.4B | $664M | 1.7% | 117.5% |
| Item | Amount |
|---|---|
| REVENUE | $22.4B |
| Cost of Revenue | $17.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $3.8B |
| Cost & Expenses | $21.4B |
| OPERATING INCOME | $941M |
| Interest Income | $434M |
| Interest Expense | $92M |
| Other Income/Expenses | -$193M |
| INCOME BEFORE TAX | $748M |
| Income Tax Expense | $257M |
| Net Income from Continuing Ops | $491M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $491M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $491M |
| D&A | $0 |
| EBIT | $840M |
| EBITDA | $840M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $22.4B |
| Cost of Revenue | $17.7B |
| GROSS PROFIT | $4.7B |
| R&D Expenses | $1.9B |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $3.8B |
| Cost & Expenses | $21.4B |
| OPERATING INCOME | $941M |
| Interest Income | $434M |
| Interest Expense | $92M |
| Other Income/Expenses | -$193M |
| INCOME BEFORE TAX | $748M |
| Income Tax Expense | $257M |
| Net Income from Continuing Ops | $491M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $491M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $491M |
| D&A | $0 |
| EBIT | $840M |
| EBITDA | $840M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $491M |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $1.0B |
| Deferred Income Tax | -$136M |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$146M |
| OPERATING CASH FLOW | $3.9B |
| Capital Expenditure | -$2.5B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10.3B |
| Sales/Maturities of Investments | $7.8B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0B |
| Net Debt Issuance | $794M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$70M |
| Other Financing Activities | $87M |
| NET CASH FROM FINANCING | $1.2B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16.6B |
| Short-Term Investments | $28.1B |
| Net Receivables | $4.0B |
| Inventory | $14.4B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $69.7B |
| PP&E (Net) | $55.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $7.1B |
| Other Non-Current Assets | $10.0B |
| TOTAL NON-CURRENT ASSETS | $73.0B |
| TOTAL ASSETS | $143.7B |
| Account Payables | $14.7B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $3.4B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $34.1B |
| Long-Term Debt | $7.8B |
| Deferred Revenue NC | $3.8B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13.2B |
| TOTAL NON-CURRENT LIABILITIES | $24.8B |
| TOTAL LIABILITIES | $59.0B |
| Common Stock | $3M |
| Additional Paid-In Capital | $44.3B |
| Retained Earnings | $39.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $334M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84.1B |
| Minority Interest | $629M |
| TOTAL EQUITY | $84.7B |
| TOTAL LIABILITIES & EQUITY | $143.7B |
| Total Debt | $9.2B |
| Net Debt | -$7.4B |
