| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | $8.3B | $6.7B | -0.3% | 23.1% |
| Op. Income | $387M | $283M | $245M | 36.7% | 58.0% |
| Gross Margin | 9.0% | 8.9% | 8.6% | 0.1pp | 0.4pp |
| Net Margin | 2.7% | 1.8% | 1.7% | 0.9pp | 1.0pp |
| EPS (Diluted) | $2.08 | $1.35 | $1.06 | 54.1% | 96.2% |
| Free Cash Flow | $506M | $228M | $218M | 121.9% | 132.1% |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $746M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $329M |
| Other Expenses | $23M |
| Operating Expenses | $359M |
| Cost & Expenses | $7.9B |
| OPERATING INCOME | $387M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $300M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $222M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $223M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $223M |
| D&A | $0 |
| EBIT | $387M |
| EBITDA | $387M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $7.5B |
| GROSS PROFIT | $746M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $329M |
| Other Expenses | $23M |
| Operating Expenses | $359M |
| Cost & Expenses | $7.9B |
| OPERATING INCOME | $387M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | -$87M |
| INCOME BEFORE TAX | $300M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $222M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $223M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $223M |
| D&A | $0 |
| EBIT | $387M |
| EBITDA | $387M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $222M |
| Depreciation & Amortization | $182M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$83M |
| Change in Working Capital | $90M |
| OPERATING CASH FLOW | $411M |
| Capital Expenditure | $95M |
| Acquisitions (Net) | -$768M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$110M |
| NET CASH FROM INVESTING | -$783M |
| Net Debt Issuance | $909M |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $623M |
| FREE CASH FLOW | $506M |
| Net Change in Cash | $258M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $5.7B |
| Inventory | $5.0B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.0B |
| PP&E (Net) | $3.3B |
| Goodwill | $1.2B |
| Intangible Assets | $648M |
| Long-Term Investments | $0 |
| Tax Assets | $147M |
| Other Non-Current Assets | $268M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $20.6B |
| Account Payables | $8.5B |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14.8B |
| Long-Term Debt | $3.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $142M |
| Other Non-Current Liabilities | $536M |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $19.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $6.7B |
| Treasury Stock | -$8.5B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $5M |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $20.6B |
| Total Debt | $4.4B |
| Net Debt | $2.6B |
