| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $706M | $505M | $608M | 39.6% | 16.0% |
| Op. Income | $115M | $56M | $99M | 103.4% | 15.4% |
| Gross Margin | 39.9% | 36.4% | 39.3% | 3.4pp | 0.6pp |
| Net Margin | 12.2% | 8.4% | 12.3% | 3.8pp | -0.2pp |
| EPS (Diluted) | $2.79 | $1.37 | $2.43 | 103.6% | 14.8% |
| Free Cash Flow | $148M | -$18M | $114M | 931.3% | 29.6% |
| Item | Amount |
|---|---|
| REVENUE | $706M |
| Cost of Revenue | $424M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $166M |
| Other Expenses | $0 |
| Operating Expenses | $166M |
| Cost & Expenses | $591M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $435.0K |
| Other Income/Expenses | -$30.0K |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $20M |
| EBIT | $115M |
| EBITDA | $135M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $706M |
| Cost of Revenue | $424M |
| GROSS PROFIT | $281M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $166M |
| Other Expenses | $0 |
| Operating Expenses | $166M |
| Cost & Expenses | $591M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $435.0K |
| Other Income/Expenses | -$30.0K |
| INCOME BEFORE TAX | $115M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $20M |
| EBIT | $115M |
| EBITDA | $135M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $78M |
| OPERATING CASH FLOW | $210M |
| Capital Expenditure | -$62M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $28.0K |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | -$259.0K |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$34.0K |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $148M |
| Net Change in Cash | $135M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $805M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.1B |
| Goodwill | $198M |
| Intangible Assets | $59M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $147M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $206M |
| TOTAL CURRENT LIABILITIES | $441M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $44M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $674M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $259M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$62M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $704M |
| Net Debt | $504M |
