| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.0B | $2.9B | 1.9% | 7.3% |
| Op. Income | $320M | $339M | $292M | -5.5% | 9.7% |
| Gross Margin | 68.9% | 69.5% | 21.2% | -0.6pp | 47.7pp |
| Net Margin | 7.6% | 8.5% | 7.4% | -0.8pp | 0.2pp |
| EPS (Diluted) | $2.03 | $2.19 | $1.82 | -7.3% | 11.5% |
| Free Cash Flow | $495M | $163M | $213M | 203.7% | 132.5% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $964M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $49M |
| General & Administrative | $118M |
| SG&A Expenses | $167M |
| Other Expenses | $1.7B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $320M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $237M |
| Net Income from Discontinued Ops | -$200.0K |
| Other Adjustments | $0 |
| NET INCOME | $237M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $237M |
| D&A | $138M |
| EBIT | $315M |
| EBITDA | $453M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $964M |
| GROSS PROFIT | $2.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $49M |
| General & Administrative | $118M |
| SG&A Expenses | $167M |
| Other Expenses | $1.7B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $2.8B |
| OPERATING INCOME | $320M |
| Interest Income | $0 |
| Interest Expense | $48M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $272M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $237M |
| Net Income from Discontinued Ops | -$200.0K |
| Other Adjustments | $0 |
| NET INCOME | $237M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $237M |
| D&A | $138M |
| EBIT | $315M |
| EBITDA | $453M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $237M |
| Depreciation & Amortization | $138M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | $321M |
| Capital Expenditure | $174M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$379M |
| NET CASH FROM INVESTING | -$205M |
| Net Debt Issuance | $292M |
| Common Stock Repurchased | -$224M |
| Common Dividends Paid | -$174M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$103M |
| FREE CASH FLOW | $495M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $224M |
| Short-Term Investments | $0 |
| Net Receivables | $126M |
| Inventory | $355M |
| Other Current Assets | $339M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $8.5B |
| Goodwill | $1.7B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $388M |
| TOTAL NON-CURRENT ASSETS | $11.9B |
| TOTAL ASSETS | $12.9B |
| Account Payables | $461M |
| Short-Term Debt | $438M |
| Deferred Revenue | $567M |
| Other Current Liabilities | $995M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $352M |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $2.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$236M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $6.4B |
| Net Debt | $6.2B |
