| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $900M | $961M | 43.6% | 34.5% |
| Op. Income | $154M | $139M | $152M | 11.3% | 1.3% |
| Gross Margin | 32.6% | 37.4% | 38.8% | -4.8pp | -6.2pp |
| Net Margin | -4.3% | 7.0% | 8.7% | -11.3pp | -13.0pp |
| EPS (Diluted) | $-0.10 | $0.15 | $0.19 | -164.4% | -150.8% |
| Free Cash Flow | -$48M | $104M | $84M | -145.8% | -156.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $871M |
| GROSS PROFIT | $421M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $251M |
| Other Expenses | $200.0K |
| Operating Expenses | $267M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $154M |
| Interest Income | $2M |
| Interest Expense | $68M |
| Other Income/Expenses | -$194M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $126M |
| EBIT | $28M |
| EBITDA | $154M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $126M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $50M |
| Change in Working Capital | -$67M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$96M |
| Acquisitions (Net) | -$4.0B |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4.1B |
| Net Debt Issuance | $2.5B |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$93.6K |
| NET CASH FROM FINANCING | $2.5B |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $587M |
| Short-Term Investments | $185M |
| Net Receivables | $368M |
| Inventory | $638M |
| Other Current Assets | $249M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $3.2B |
| Goodwill | $5.1B |
| Intangible Assets | $3.3B |
| Long-Term Investments | $23M |
| Tax Assets | $360M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $12.0B |
| TOTAL ASSETS | $14.1B |
| Account Payables | $670M |
| Short-Term Debt | $44M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $184M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $480M |
| Other Non-Current Liabilities | $970M |
| TOTAL NON-CURRENT LIABILITIES | $6.6B |
| TOTAL LIABILITIES | $7.7B |
| Common Stock | $326M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.3B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $5.2B |
| Net Debt | $4.7B |
