| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $845M | $805M | $698M | 5.0% | 21.0% |
| Op. Income | $177M | $157M | $128M | 13.1% | 37.9% |
| Gross Margin | 35.1% | 37.8% | 33.3% | -2.7pp | 1.8pp |
| Net Margin | 16.4% | 16.4% | 12.9% | 0.0pp | 3.6pp |
| EPS (Diluted) | $1.92 | $1.82 | $1.23 | 5.5% | 56.1% |
| Free Cash Flow | $47M | $175M | $58M | -73.0% | -18.8% |
| Item | Amount |
|---|---|
| REVENUE | $845M |
| Cost of Revenue | $549M |
| GROSS PROFIT | $296M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $4M |
| Operating Expenses | $119M |
| Cost & Expenses | $668M |
| OPERATING INCOME | $177M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $3M |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $0 |
| EBIT | $174M |
| EBITDA | $174M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $845M |
| Cost of Revenue | $549M |
| GROSS PROFIT | $296M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $100M |
| Other Expenses | $4M |
| Operating Expenses | $119M |
| Cost & Expenses | $668M |
| OPERATING INCOME | $177M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $180M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $135M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $3M |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $0 |
| EBIT | $174M |
| EBITDA | $174M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$100M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$293M |
| NET CASH FROM FINANCING | -$309M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$270M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $521M |
| Short-Term Investments | $0 |
| Net Receivables | $686M |
| Inventory | $453M |
| Other Current Assets | $167M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $3.3B |
| Goodwill | $109M |
| Intangible Assets | $7M |
| Long-Term Investments | $209M |
| Tax Assets | $64M |
| Other Non-Current Assets | -$1.4B |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $252M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $400M |
| TOTAL CURRENT LIABILITIES | $674M |
| Long-Term Debt | $295M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $23M |
| Other Non-Current Liabilities | $128M |
| TOTAL NON-CURRENT LIABILITIES | $445M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $19M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.5B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$125M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $316M |
| Net Debt | -$205M |
