| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36.3B | $33.4B | $26.6B | 8.5% | 36.5% |
| Op. Income | $21.0B | $18.0B | $12.9B | 16.7% | 63.1% |
| Gross Margin | 66.2% | 62.3% | 58.8% | 3.9pp | 7.5pp |
| Net Margin | 50.5% | 48.3% | 43.1% | 2.1pp | 7.4pp |
| EPS (Diluted) | $3.53 | $3.12 | $2.21 | 13.3% | 60.0% |
| Free Cash Flow | $11.9B | $12.3B | $9.3B | -2.8% | 27.9% |
| Item | Amount |
|---|---|
| REVENUE | $36.3B |
| Cost of Revenue | $12.2B |
| GROSS PROFIT | $24.0B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $840M |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $15.3B |
| OPERATING INCOME | $21.0B |
| Interest Income | $837M |
| Interest Expense | $0 |
| Other Income/Expenses | $976M |
| INCOME BEFORE TAX | $22.0B |
| Income Tax Expense | $3.7B |
| Net Income from Continuing Ops | $18.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18.3B |
| D&A | $5.3B |
| EBIT | $21.0B |
| EBITDA | $26.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $36.3B |
| Cost of Revenue | $12.2B |
| GROSS PROFIT | $24.0B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $840M |
| Other Expenses | $0 |
| Operating Expenses | $3.0B |
| Cost & Expenses | $15.3B |
| OPERATING INCOME | $21.0B |
| Interest Income | $837M |
| Interest Expense | $0 |
| Other Income/Expenses | $976M |
| INCOME BEFORE TAX | $22.0B |
| Income Tax Expense | $3.7B |
| Net Income from Continuing Ops | $18.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18.3B |
| D&A | $5.3B |
| EBIT | $21.0B |
| EBITDA | $26.3B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $18.3B |
| Depreciation & Amortization | $5.3B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4.4B |
| Change in Working Capital | -$4.8B |
| OPERATING CASH FLOW | $23.2B |
| Capital Expenditure | -$11.2B |
| Acquisitions (Net) | $58M |
| Purchases of Investments | -$2.9B |
| Sales/Maturities of Investments | $2.0B |
| Other Investing Activities | -$172M |
| NET CASH FROM INVESTING | -$12.3B |
| Net Debt Issuance | $443M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4.1B |
| Other Financing Activities | -$43M |
| NET CASH FROM FINANCING | -$3.7B |
| FREE CASH FLOW | $11.9B |
| Net Change in Cash | $6.9B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96.1B |
| Short-Term Investments | $11.0B |
| Net Receivables | $11.5B |
| Inventory | $9.9B |
| Other Current Assets | $6.6B |
| TOTAL CURRENT ASSETS | $135.1B |
| PP&E (Net) | $125.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $8.7B |
| TOTAL NON-CURRENT ASSETS | $139.2B |
| TOTAL ASSETS | $274.2B |
| Account Payables | $3.2B |
| Short-Term Debt | $4.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $46.2B |
| TOTAL CURRENT LIABILITIES | $54.3B |
| Long-Term Debt | $27.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.9B |
| TOTAL NON-CURRENT LIABILITIES | $32.1B |
| TOTAL LIABILITIES | $86.4B |
| Common Stock | $8.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $164.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12.7B |
| Other Equity | $1.2B |
| TOTAL STOCKHOLDERS' EQUITY | $186.5B |
| Minority Interest | $1.3B |
| TOTAL EQUITY | $187.8B |
| TOTAL LIABILITIES & EQUITY | $274.2B |
| Total Debt | $32.2B |
| Net Debt | -$63.9B |
