Three-Statement Breakdown
REVENUE DOWN
Revenue fell 2.0% year over year to $1.9B, and carried a 8.4% net margin.
REVENUE
-2.0%
1,948
GROSS PROFIT
-13.0%
804
NET INCOME
-50.9%
163
EPS (DILUTED)
—
—
| Income statement | 24-09 | 24-12 | 25-03 | 25-06 | 25-09 | 25-12 | 26-03 | QoQ | YoY | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
|
1,762 | 1,686 | 1,668 | 1,988 | 1,429 | 1,673 | 1,670 | 1,948 | +16.6% | -2.0% |
| Cost of revenue |
|
(955) | (948) | (924) | (1,064) | (833) | (951) | (948) | (1,144) | +20.7% | +7.5% |
| Gross profit |
|
807 | 738 | 744 | 924 | 596 | 722 | 722 | 804 | +11.4% | -13.0% |
| Research & development |
|
(31) | (31) | (27) | (32) | (28) | (29) | (27) | (32) | +18.5% | +0.0% |
| SG&A |
|
(281) | (280) | (267) | (296) | (277) | (262) | (229) | (298) | +30.1% | +0.7% |
| Interest expense |
|
(21) | (22) | (23) | (22) | (23) | (25) | (27) | (55) | +103.7% | +150.0% |
| Income tax |
|
(74) | (43) | (63) | (74) | (25) | (54) | (65) | (46) | -29.2% | -37.8% |
| Net income |
|
99 | 193 | 186 | 332 | 80 | 157 | 187 | 163 | -12.8% | -50.9% |
| EPS (diluted) |
NOT DISCLOSED
|
$0.80 | $1.54 | $1.50 | — | $0.65 | $1.29 | $1.54 | — | — | — |
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SELECTED · GROSS PROFIT · YoY BRIDGE
FROM924
REVENUE-40
COST OF REVENUE-80
TO804
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SRC 10-K FILED 2026-08-07 ↗