| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $659M | $605M | $575M | 8.9% | 14.7% |
| Op. Income | $151M | $90M | $131M | 68.5% | 15.8% |
| Gross Margin | 33.5% | 38.5% | 38.5% | -5.0pp | -5.0pp |
| Net Margin | 17.0% | 16.1% | 16.3% | 0.8pp | 0.7pp |
| EPS (Diluted) | $1.63 | $1.42 | $1.37 | 14.8% | 19.0% |
| Free Cash Flow | $323M | -$145M | $279M | 322.9% | 15.8% |
| Item | Amount |
|---|---|
| REVENUE | $659M |
| Cost of Revenue | $438M |
| GROSS PROFIT | $221M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $59M |
| Operating Expenses | $70M |
| Cost & Expenses | $508M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $10M |
| EBIT | $169M |
| EBITDA | $179M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $659M |
| Cost of Revenue | $438M |
| GROSS PROFIT | $221M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $59M |
| Operating Expenses | $70M |
| Cost & Expenses | $508M |
| OPERATING INCOME | $151M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $160M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $112M |
| D&A | $10M |
| EBIT | $169M |
| EBITDA | $179M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $112M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $144M |
| OPERATING CASH FLOW | $325M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$130M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $8M |
| Common Dividends Paid | -$42M |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$72M |
| FREE CASH FLOW | $323M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $924M |
| Short-Term Investments | $156M |
| Net Receivables | $442M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $498M |
| Goodwill | $1.3B |
| Intangible Assets | $201M |
| Long-Term Investments | $29M |
| Tax Assets | $0 |
| Other Non-Current Assets | $252M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $109M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $932M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $182M |
| TOTAL NON-CURRENT LIABILITIES | $615M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $71.0K |
| Additional Paid-In Capital | $760M |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $433M |
| Net Debt | -$491M |
