| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33.2B | $33.5B | $33.8B | -0.9% | -1.9% |
| Op. Income | $1.2B | $1.5B | $6.3B | -20.6% | -80.6% |
| Gross Margin | 20.4% | 20.1% | 21.3% | 0.3pp | -1.0pp |
| Net Margin | 2.2% | 3.7% | 1.9% | -1.5pp | 0.3pp |
| EPS (Diluted) | $0.51 | $0.88 | $0.40 | -41.5% | 30.0% |
| Free Cash Flow | $727M | -$719M | -$45M | 201.1% | 1699.0% |
| Item | Amount |
|---|---|
| REVENUE | $33.2B |
| Cost of Revenue | $26.4B |
| GROSS PROFIT | $6.8B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.7B |
| Other Expenses | $0 |
| Operating Expenses | $5.5B |
| Cost & Expenses | $31.9B |
| OPERATING INCOME | $1.2B |
| Interest Income | $262M |
| Interest Expense | $97M |
| Other Income/Expenses | $258M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $635M |
| Net Income from Continuing Ops | $838M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $721M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $721M |
| D&A | $1.9B |
| EBIT | $1.6B |
| EBITDA | $3.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $33.2B |
| Cost of Revenue | $26.4B |
| GROSS PROFIT | $6.8B |
| R&D Expenses | $1.8B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3.7B |
| Other Expenses | $0 |
| Operating Expenses | $5.5B |
| Cost & Expenses | $31.9B |
| OPERATING INCOME | $1.2B |
| Interest Income | $262M |
| Interest Expense | $97M |
| Other Income/Expenses | $258M |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $635M |
| Net Income from Continuing Ops | $838M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $721M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $721M |
| D&A | $1.9B |
| EBIT | $1.6B |
| EBITDA | $3.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.5B |
| Depreciation & Amortization | $1.9B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$987M |
| Change in Working Capital | -$612M |
| OPERATING CASH FLOW | $1.8B |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | $68M |
| Purchases of Investments | -$397M |
| Sales/Maturities of Investments | $379M |
| Other Investing Activities | -$308M |
| NET CASH FROM INVESTING | -$919M |
| Net Debt Issuance | $4.7B |
| Common Stock Repurchased | -$1.9B |
| Common Dividends Paid | $3M |
| Other Financing Activities | -$163M |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | $727M |
| Net Change in Cash | $4.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29.0B |
| Short-Term Investments | $1.3B |
| Net Receivables | $23.9B |
| Inventory | $15.3B |
| Other Current Assets | $5.5B |
| TOTAL CURRENT ASSETS | $75.0B |
| PP&E (Net) | $57.1B |
| Goodwill | $0 |
| Intangible Assets | $6.5B |
| Long-Term Investments | $14.4B |
| Tax Assets | $993M |
| Other Non-Current Assets | $43.2B |
| TOTAL NON-CURRENT ASSETS | $122.3B |
| TOTAL ASSETS | $197.3B |
| Account Payables | $9.5B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38.6B |
| TOTAL CURRENT LIABILITIES | $53.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4.9B |
| Other Non-Current Liabilities | $62.7B |
| TOTAL NON-CURRENT LIABILITIES | $67.5B |
| TOTAL LIABILITIES | $120.6B |
| Common Stock | $539M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $70.6B |
| Treasury Stock | -$12.2B |
| Accum. Other Comp. Income | $14.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74.9B |
| Minority Interest | $1.8B |
| TOTAL EQUITY | $76.7B |
| TOTAL LIABILITIES & EQUITY | $197.3B |
| Total Debt | $0 |
| Net Debt | -$29.0B |
