Revenue Decline Amid Competitive Pressures
Total revenue fell 1.0% YoY from $13.74B to $13.60B in Q1 2026, reflecting ongoing competitive headwinds in the cable and broadband market, including pressure from fixed wireless access and fiber overbuilders.
Stable Operating Margins Despite Revenue Headwinds
Operating income declined modestly by 0.9% YoY to $3.21B, but operating margin held nearly flat at 23.6% (vs. 23.6% prior year), indicating disciplined cost management that offset the revenue shortfall.
EPS Growth Driven by Share Repurchases
Despite a 4.4% decline in net income to $1.16B, diluted EPS rose 8.9% YoY to $9.17, reflecting the significant reduction in share count from $1.03B in share buybacks during the quarter — up 27.9% YoY.