| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23.5B | $22.2B | $22.0B | 5.5% | 6.8% |
| Op. Income | $1.4B | $1.3B | $1.4B | 6.2% | 0.0% |
| Gross Margin | 26.4% | 21.1% | 20.8% | 5.3pp | 5.6pp |
| Net Margin | 4.1% | 3.7% | 3.4% | 0.4pp | 0.7pp |
| EPS (Diluted) | $3.93 | $3.46 | $3.03 | 13.6% | 29.7% |
| Free Cash Flow | $1.2B | $1.1B | $500M | 9.2% | 138.8% |
| Item | Amount |
|---|---|
| REVENUE | $23.5B |
| Cost of Revenue | $17.3B |
| GROSS PROFIT | $6.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.8B |
| Cost & Expenses | $22.1B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $135M |
| Other Income/Expenses | -$89M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $333M |
| Net Income from Continuing Ops | $956M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $956M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $956M |
| D&A | $1.1B |
| EBIT | $1.3B |
| EBITDA | $2.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $23.5B |
| Cost of Revenue | $17.3B |
| GROSS PROFIT | $6.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.8B |
| Cost & Expenses | $22.1B |
| OPERATING INCOME | $1.4B |
| Interest Income | $0 |
| Interest Expense | $135M |
| Other Income/Expenses | -$89M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $333M |
| Net Income from Continuing Ops | $956M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $956M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $956M |
| D&A | $1.1B |
| EBIT | $1.3B |
| EBITDA | $2.4B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $956M |
| Depreciation & Amortization | $1.1B |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$1.2B |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$757M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$292M |
| Sales/Maturities of Investments | $147M |
| Other Investing Activities | $41M |
| NET CASH FROM INVESTING | -$861M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$296M |
| Common Dividends Paid | -$342M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$632M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | $404M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.6B |
| Short-Term Investments | $0 |
| Net Receivables | $12.2B |
| Inventory | $631M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $20.7B |
| PP&E (Net) | $41.3B |
| Goodwill | $6.6B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20.6B |
| TOTAL NON-CURRENT ASSETS | $68.5B |
| TOTAL ASSETS | $89.2B |
| Account Payables | $4.7B |
| Short-Term Debt | $901M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.7B |
| TOTAL CURRENT LIABILITIES | $16.2B |
| Long-Term Debt | $20.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.9B |
| Other Non-Current Liabilities | $6.7B |
| TOTAL NON-CURRENT LIABILITIES | $44.8B |
| TOTAL LIABILITIES | $61.0B |
| Common Stock | $32M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $42.2B |
| Treasury Stock | -$17.0B |
| Accum. Other Comp. Income | -$1.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $28.1B |
| TOTAL LIABILITIES & EQUITY | $89.2B |
| Total Debt | $37.8B |
| Net Debt | $31.2B |
