| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.9B | $4.8B | -8.7% | -8.4% |
| Op. Income | $545M | $728M | $891M | -25.1% | -38.8% |
| Gross Margin | 30.6% | 34.8% | 33.9% | -4.2pp | -3.2pp |
| Net Margin | 6.8% | 8.5% | 12.9% | -1.7pp | -6.1pp |
| EPS (Diluted) | $0.56 | $0.78 | $1.12 | -28.2% | -50.0% |
| Free Cash Flow | $296M | $676M | $428M | -56.3% | -31.0% |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $813M |
| Other Expenses | $0 |
| Operating Expenses | $813M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $545M |
| Interest Income | $0 |
| Interest Expense | $128M |
| Other Income/Expenses | -$140M |
| INCOME BEFORE TAX | $405M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $306M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $303M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $303M |
| D&A | $0 |
| EBIT | $545M |
| EBITDA | $545M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $4.4B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $813M |
| Other Expenses | $0 |
| Operating Expenses | $813M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | $545M |
| Interest Income | $0 |
| Interest Expense | $128M |
| Other Income/Expenses | -$140M |
| INCOME BEFORE TAX | $405M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | $306M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $303M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $303M |
| D&A | $0 |
| EBIT | $545M |
| EBITDA | $545M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $303M |
| Depreciation & Amortization | $139M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $88M |
| Other Non-Cash Items | $43M |
| Change in Working Capital | -$176M |
| OPERATING CASH FLOW | $398M |
| Capital Expenditure | -$102M |
| Acquisitions (Net) | $30M |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | -$6M |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | $122M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | -$328M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$210M |
| FREE CASH FLOW | $296M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $786M |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $1.8B |
| Other Current Assets | $490M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $0 |
| Goodwill | $15.6B |
| Intangible Assets | $7.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.8B |
| TOTAL NON-CURRENT ASSETS | $27.5B |
| TOTAL ASSETS | $32.4B |
| Account Payables | $3.6B |
| Short-Term Debt | $3.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.1B |
| TOTAL CURRENT LIABILITIES | $8.7B |
| Long-Term Debt | $11.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.1B |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $14.4B |
| TOTAL LIABILITIES | $23.0B |
| Common Stock | $76M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $22.5B |
| Treasury Stock | -$11.9B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.3B |
| Minority Interest | $14M |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $32.4B |
| Total Debt | $14.0B |
| Net Debt | $13.2B |
