| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.0B | -7.7% | 4.9% |
| Op. Income | $133M | $160M | $110M | -17.1% | 20.7% |
| Gross Margin | 49.3% | 48.4% | 46.5% | 0.9pp | 2.8pp |
| Net Margin | 9.2% | 10.5% | 7.7% | -1.4pp | 1.5pp |
| EPS (Diluted) | $3.09 | $3.82 | $2.44 | -19.1% | 26.6% |
| Free Cash Flow | $73M | $115M | $50M | -36.1% | 47.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $535M |
| GROSS PROFIT | $520M |
| R&D Expenses | $0 |
| Selling & Marketing | $382M |
| General & Administrative | $0 |
| SG&A Expenses | $382M |
| Other Expenses | $6M |
| Operating Expenses | $387M |
| Cost & Expenses | $923M |
| OPERATING INCOME | $133M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $0 |
| EBIT | $130M |
| EBITDA | $130M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $535M |
| GROSS PROFIT | $520M |
| R&D Expenses | $0 |
| Selling & Marketing | $382M |
| General & Administrative | $0 |
| SG&A Expenses | $382M |
| Other Expenses | $6M |
| Operating Expenses | $387M |
| Cost & Expenses | $923M |
| OPERATING INCOME | $133M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $97M |
| D&A | $0 |
| EBIT | $130M |
| EBITDA | $130M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $97M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$76M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$181M |
| FREE CASH FLOW | $73M |
| Net Change in Cash | -$104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $273M |
| Short-Term Investments | $0 |
| Net Receivables | $579M |
| Inventory | $515M |
| Other Current Assets | $139M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $452M |
| Goodwill | $1.5B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $355M |
| Short-Term Debt | $26M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $347M |
| TOTAL CURRENT LIABILITIES | $728M |
| Long-Term Debt | $782M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $181M |
| TOTAL NON-CURRENT LIABILITIES | $990M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $4.5B |
| Treasury Stock | -$2.8B |
| Accum. Other Comp. Income | -$61M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $808M |
| Net Debt | $536M |
