1. Revenue Performance: Revenue for Q1 2026 was $964.54 million, a YoY increase of 16.86%, contrasted by a QoQ decline of 5.60%. Revenue growth indicates strong demand recovery post-pandemic, although recent QoQ performance raises concerns.
2. Profitability: Net income rose to $139.20 million, with net income margin at 14.43%, showcasing improved operational efficiency. Gross profit surged by 18.88% YoY to $537.91 million, indicating effective pricing and cost control strategies.
3. Balance Sheet Health: The total assets stood at $3.84 billion, overshadowing total liabilities of $1.37 billion, which provides a healthy equity position of $2.47 billion. Cash and equivalents totaled $1.72 billion, offering significant liquidity to weather short-term pressures.
4. Cash Flow: EBITDA was reported at $165.29 million, with an EBITDA margin of 17.14%, suggesting strong operational cash flow generation despite revenue fluctuations.