| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.8B | $4.4B | $4.1B | 9.1% | 18.6% |
| Op. Income | $1.8B | $1.5B | $1.3B | 22.7% | 36.6% |
| Gross Margin | 58.0% | 55.9% | 56.8% | 2.1pp | 1.2pp |
| Net Margin | 32.0% | 26.3% | 29.0% | 5.7pp | 3.0pp |
| EPS (Diluted) | $1.69 | $1.27 | $1.28 | 33.1% | 32.0% |
| Free Cash Flow | $844M | $1.3B | -$274M | -36.5% | 408.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $510M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $464M |
| Other Expenses | $17M |
| Operating Expenses | $991M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $141M |
| Other Income/Expenses | -$94M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $169M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $0 |
| EBIT | $1.9B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.8B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $2.8B |
| R&D Expenses | $510M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $464M |
| Other Expenses | $17M |
| Operating Expenses | $991M |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $1.8B |
| Interest Income | $0 |
| Interest Expense | $141M |
| Other Income/Expenses | -$94M |
| INCOME BEFORE TAX | $1.7B |
| Income Tax Expense | $169M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.5B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.5B |
| D&A | $0 |
| EBIT | $1.9B |
| EBITDA | $1.9B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $562M |
| Stock-Based Compensation | $109M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$691M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$676M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$935M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $521M |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$158M |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $844M |
| Net Change in Cash | $324M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.5B |
| Short-Term Investments | $1.6B |
| Net Receivables | $2.2B |
| Inventory | $4.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13.8B |
| PP&E (Net) | $12.1B |
| Goodwill | $4.3B |
| Intangible Assets | $323M |
| Long-Term Investments | $0 |
| Tax Assets | $973M |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $20.6B |
| TOTAL ASSETS | $34.4B |
| Account Payables | $638M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $920M |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $12.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $63M |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $14.5B |
| TOTAL LIABILITIES | $17.6B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | $52.5B |
| Treasury Stock | -$42.1B |
| Accum. Other Comp. Income | -$84M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.8B |
| TOTAL LIABILITIES & EQUITY | $34.4B |
| Total Debt | $14.1B |
| Net Debt | $10.5B |
