| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.6B | $2.7B | $2.7B | -4.2% | -4.5% |
| Op. Income | $272M | $337M | $354M | -19.3% | -23.2% |
| Gross Margin | 28.0% | 29.6% | 30.5% | -1.6pp | -2.5pp |
| Net Margin | 5.7% | 7.2% | 6.4% | -1.6pp | -0.8pp |
| EPS (Diluted) | $0.48 | $0.65 | $0.58 | -26.2% | -17.2% |
| Free Cash Flow | $643M | $97M | $411M | 562.9% | 56.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $717M |
| R&D Expenses | $22M |
| Selling & Marketing | $252M |
| General & Administrative | $167M |
| SG&A Expenses | $419M |
| Other Expenses | $4M |
| Operating Expenses | $445M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $272M |
| Interest Income | $1M |
| Interest Expense | $82M |
| Other Income/Expenses | -$79M |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $101M |
| EBIT | $272M |
| EBITDA | $373M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.6B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $717M |
| R&D Expenses | $22M |
| Selling & Marketing | $252M |
| General & Administrative | $167M |
| SG&A Expenses | $419M |
| Other Expenses | $4M |
| Operating Expenses | $445M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $272M |
| Interest Income | $1M |
| Interest Expense | $82M |
| Other Income/Expenses | -$79M |
| INCOME BEFORE TAX | $193M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $145M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $145M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $145M |
| D&A | $101M |
| EBIT | $272M |
| EBITDA | $373M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $145M |
| Depreciation & Amortization | $102M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $96M |
| Change in Working Capital | $140M |
| OPERATING CASH FLOW | $516M |
| Capital Expenditure | $127M |
| Acquisitions (Net) | $10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$234M |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $24M |
| Common Dividends Paid | -$117M |
| Other Financing Activities | $66M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $643M |
| Net Change in Cash | $393M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $561M |
| Short-Term Investments | $0 |
| Net Receivables | $671M |
| Inventory | $1.4B |
| Other Current Assets | $138M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $2.8B |
| Goodwill | $5.0B |
| Intangible Assets | $4.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $540M |
| TOTAL NON-CURRENT ASSETS | $12.6B |
| TOTAL ASSETS | $15.3B |
| Account Payables | $1.4B |
| Short-Term Debt | $428M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $6.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $611M |
| TOTAL NON-CURRENT LIABILITIES | $8.7B |
| TOTAL LIABILITIES | $11.3B |
| Common Stock | $12M |
| Additional Paid-In Capital | $396M |
| Retained Earnings | $4.8B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $2M |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $15.3B |
| Total Debt | $7.1B |
| Net Debt | $6.5B |
