| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.0B | — | -0.5% | — |
| Op. Income | $517M | $373M | — | 38.6% | — |
| Gross Margin | 36.0% | 30.0% | — | 6.0pp | — |
| Net Margin | 12.3% | 6.8% | — | 5.5pp | — |
| EPS (Diluted) | $2.12 | $1.18 | — | 79.7% | — |
| Free Cash Flow | $153M | $870M | — | -82.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $401M |
| SG&A Expenses | $401M |
| Other Expenses | $87M |
| Operating Expenses | $544M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $517M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $469M |
| Income Tax Expense | $106M |
| Net Income from Continuing Ops | $363M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $362M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $362M |
| D&A | $87M |
| EBIT | $494M |
| EBITDA | $581M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $401M |
| SG&A Expenses | $401M |
| Other Expenses | $87M |
| Operating Expenses | $544M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $517M |
| Interest Income | $0 |
| Interest Expense | $71M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $469M |
| Income Tax Expense | $106M |
| Net Income from Continuing Ops | $363M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $362M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $362M |
| D&A | $87M |
| EBIT | $494M |
| EBITDA | $581M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $363M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$315M |
| OPERATING CASH FLOW | $199M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.1B |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | $1.0B |
| Common Stock Repurchased | -$242M |
| Common Dividends Paid | -$53M |
| Other Financing Activities | -$61M |
| NET CASH FROM FINANCING | $656M |
| FREE CASH FLOW | $153M |
| Net Change in Cash | -$258M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $531M |
| Short-Term Investments | $0 |
| Net Receivables | $2.3B |
| Inventory | $2.9B |
| Other Current Assets | $340M |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $1.7B |
| Goodwill | $10.6B |
| Intangible Assets | $4.2B |
| Long-Term Investments | $130M |
| Tax Assets | $0 |
| Other Non-Current Assets | $576M |
| TOTAL NON-CURRENT ASSETS | $17.2B |
| TOTAL ASSETS | $23.2B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $224M |
| Deferred Tax Liabilities | $729M |
| Other Non-Current Liabilities | $229M |
| TOTAL NON-CURRENT LIABILITIES | $6.2B |
| TOTAL LIABILITIES | $12.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $8.0B |
| Retained Earnings | $4.2B |
| Treasury Stock | -$416M |
| Accum. Other Comp. Income | -$689M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.2B |
| Minority Interest | $48M |
| TOTAL EQUITY | $11.2B |
| TOTAL LIABILITIES & EQUITY | $23.2B |
| Total Debt | $6.9B |
| Net Debt | $6.4B |
