Q1 2026 Earnings

Reported April 21, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$1.4B	$1.4B	$1.2B	2.4%	19.4%
Op. Income	$231M	$356M	$246M	-35.0%	-6.1%
Gross Margin	55.9%	62.7%	60.5%	-6.8pp	-4.6pp
Net Margin	13.1%	20.3%	16.5%	-7.2pp	-3.4pp
EPS (Diluted)	$1.67	$2.59	$1.79	-35.5%	-6.7%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$635M
GROSS PROFIT	$806M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$278M
SG&A Expenses	$287M
Other Expenses	$287M
Operating Expenses	$574M
Cost & Expenses	$1.2B
OPERATING INCOME	$231M
Interest Income	$1.2B
Interest Expense	$422M
Other Income/Expenses	$0
INCOME BEFORE TAX	$231M
Income Tax Expense	$42M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$189M
Net Income Deductions	$7M
BOTTOM LINE NET INCOME	$179M
D&A	$0
EBIT	$231M
EBITDA	$231M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$635M
GROSS PROFIT	$806M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$278M
SG&A Expenses	$287M
Other Expenses	$287M
Operating Expenses	$574M
Cost & Expenses	$1.2B
OPERATING INCOME	$231M
Interest Income	$1.2B
Interest Expense	$422M
Other Income/Expenses	$0
INCOME BEFORE TAX	$231M
Income Tax Expense	$42M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$189M
Net Income Deductions	$7M
BOTTOM LINE NET INCOME	$179M
D&A	$0
EBIT	$231M
EBITDA	$231M
EPS	$2
EPS Diluted	$2

Balance Sheet

Item	Amount
Cash & Equivalents	$3.3B
Short-Term Investments	$15.9B
Net Receivables	$0
Inventory	$0
Other Current Assets	$3.2B
TOTAL CURRENT ASSETS	$22.4B
PP&E (Net)	$361M
Goodwill	$656M
Intangible Assets	$0
Long-Term Investments	$54.4B
Tax Assets	$0
Other Non-Current Assets	$5.3B
TOTAL NON-CURRENT ASSETS	$60.7B
TOTAL ASSETS	$83.0B
Account Payables	$0
Short-Term Debt	$4.2B
Deferred Revenue	$0
Other Current Liabilities	$69.3B
TOTAL CURRENT LIABILITIES	$73.5B
Long-Term Debt	$898M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$75.8B
Common Stock	$2.1B
Additional Paid-In Capital	$0
Retained Earnings	$5.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$478M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.9B
Minority Interest	$293M
TOTAL EQUITY	$7.2B
TOTAL LIABILITIES & EQUITY	$83.0B
Total Debt	$5.2B
Net Debt	$1.9B