Q1 2026 Earnings

Reported April 20, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$1.1B	$1.1B	$1.0B	-2.3%	5.8%
Op. Income	$301M	$302M	$253M	-0.4%	18.9%
Gross Margin	64.4%	63.2%	61.7%	1.2pp	2.7pp
Net Margin	21.4%	20.5%	18.8%	0.9pp	2.6pp
EPS (Diluted)	$3.22	$3.30	$2.69	-2.4%	19.7%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$378M
GROSS PROFIT	$684M
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$307M
SG&A Expenses	$320M
Other Expenses	$62M
Operating Expenses	$383M
Cost & Expenses	$761M
OPERATING INCOME	$301M
Interest Income	$928M
Interest Expense	$349M
Other Income/Expenses	$0
INCOME BEFORE TAX	$301M
Income Tax Expense	$74M
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$227M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$0
EBIT	$301M
EBITDA	$301M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$378M
GROSS PROFIT	$684M
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$307M
SG&A Expenses	$320M
Other Expenses	$62M
Operating Expenses	$383M
Cost & Expenses	$761M
OPERATING INCOME	$301M
Interest Income	$928M
Interest Expense	$349M
Other Income/Expenses	$0
INCOME BEFORE TAX	$301M
Income Tax Expense	$74M
Net Income from Continuing Ops	$227M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$227M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$0
EBIT	$301M
EBITDA	$301M
EPS	$3
EPS Diluted	$3

Balance Sheet

Item	Amount
Cash & Equivalents	$3.6B
Short-Term Investments	$10.6B
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$383M
TOTAL CURRENT ASSETS	$16.2B
PP&E (Net)	$778M
Goodwill	$798M
Intangible Assets	$93M
Long-Term Investments	$54.0B
Tax Assets	$0
Other Non-Current Assets	$363M
TOTAL NON-CURRENT ASSETS	$56.0B
TOTAL ASSETS	$72.2B
Account Payables	$0
Short-Term Debt	$341M
Deferred Revenue	$0
Other Current Liabilities	$58.9B
TOTAL CURRENT LIABILITIES	$59.3B
Long-Term Debt	$4.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$64.8B
Common Stock	$68M
Additional Paid-In Capital	$2.5B
Retained Earnings	$4.7B
Treasury Stock	-$14M
Accum. Other Comp. Income	-$367M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.4B
Minority Interest	$0
TOTAL EQUITY	$7.4B
TOTAL LIABILITIES & EQUITY	$72.2B
Total Debt	$4.3B
Net Debt	$749M