| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $268M | $223M | $72M | 20.2% | 272.1% |
| Op. Income | $79M | $61M | -$8M | 29.7% | 1037.3% |
| Gross Margin | 67.5% | 67.4% | 63.2% | 0.1pp | 4.4pp |
| Net Margin | 30.8% | 28.4% | -5.9% | 2.4pp | 36.7pp |
| EPS (Diluted) | $0.44 | $0.34 | $-0.03 | 29.4% | 1832.3% |
| Free Cash Flow | $38M | $51M | -$12M | -25.1% | 429.9% |
| Item | Amount |
|---|---|
| REVENUE | $268M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $181M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $189M |
| OPERATING INCOME | $79M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | -$5M |
| EBIT | $84M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $268M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $181M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $189M |
| OPERATING INCOME | $79M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | -$5M |
| EBIT | $84M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$125M |
| Change in Working Capital | $52M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$83M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$92M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $383M |
| NET CASH FROM FINANCING | $378M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | $348M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $568M |
| Short-Term Investments | $246M |
| Net Receivables | $245M |
| Inventory | $150M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $102M |
| Goodwill | $69M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $206M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $64M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $76M |
| TOTAL CURRENT LIABILITIES | $140M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $163M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $63M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$632.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $13M |
| Net Debt | -$555M |
