| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | — | -10.6% | — |
| Op. Income | $123M | $199M | — | -38.2% | — |
| Gross Margin | 29.5% | 22.6% | — | 6.9pp | — |
| Net Margin | 9.4% | 10.7% | — | -1.3pp | — |
| EPS (Diluted) | $1.49 | $1.91 | — | -22.0% | — |
| Free Cash Flow | $81M | $217M | — | -62.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $812M |
| GROSS PROFIT | $340M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $28M |
| Operating Expenses | $217M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $123M |
| Interest Income | $10M |
| Interest Expense | $27M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $84M |
| EBIT | $122M |
| EBITDA | $206M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $812M |
| GROSS PROFIT | $340M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $168M |
| Other Expenses | $28M |
| Operating Expenses | $217M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $123M |
| Interest Income | $10M |
| Interest Expense | $27M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $105M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $109M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $84M |
| EBIT | $122M |
| EBITDA | $206M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $108M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$68M |
| NET CASH FROM INVESTING | -$68M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$55M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $824M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $275M |
| Long-Term Investments | $27M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$27M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $630M |
| Short-Term Debt | $31M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$31M |
| TOTAL CURRENT LIABILITIES | $630M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $356M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $1M |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $1.5B |
| Net Debt | $472M |
