| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $3.0B | $2.8B | -6.4% | -1.9% |
| Op. Income | $280M | $371M | $267M | -24.6% | 5.1% |
| Gross Margin | 23.6% | 23.4% | 25.0% | 0.1pp | -1.4pp |
| Net Margin | 7.2% | -22.3% | 5.1% | 29.4pp | 2.1pp |
| EPS (Diluted) | $0.42 | $-1.39 | $0.30 | 130.2% | 40.0% |
| Free Cash Flow | $469M | $139M | $503M | 237.8% | -6.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $658M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $378M |
| Other Expenses | $0 |
| Operating Expenses | $378M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $280M |
| Interest Income | $500.0K |
| Interest Expense | $94M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $101M |
| EBIT | $323M |
| EBITDA | $425M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $658M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $378M |
| Other Expenses | $0 |
| Operating Expenses | $378M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $280M |
| Interest Income | $500.0K |
| Interest Expense | $94M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $230M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $101M |
| EBIT | $323M |
| EBITDA | $425M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $200M |
| Depreciation & Amortization | $101M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $241M |
| OPERATING CASH FLOW | $564M |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | -$294M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$167M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$462M |
| FREE CASH FLOW | $469M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $0 |
| Net Receivables | $757M |
| Inventory | $1.9B |
| Other Current Assets | $135M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $2.8B |
| Goodwill | $9.7B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.6B |
| TOTAL NON-CURRENT ASSETS | $16.3B |
| TOTAL ASSETS | $19.2B |
| Account Payables | $1.4B |
| Short-Term Debt | $98M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $777M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $6.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $788M |
| Other Non-Current Liabilities | $595M |
| TOTAL NON-CURRENT LIABILITIES | $7.8B |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $6.0B |
| Treasury Stock | -$3.1B |
| Accum. Other Comp. Income | $34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.2B |
| TOTAL LIABILITIES & EQUITY | $19.2B |
| Total Debt | $6.6B |
| Net Debt | $6.5B |
