| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $823M | $777M | $773M | 5.9% | 6.4% |
| Op. Income | $38M | $41M | $36M | -8.2% | 5.0% |
| Gross Margin | 8.6% | 13.4% | 13.4% | -4.8pp | -4.8pp |
| Net Margin | 2.8% | 2.8% | 2.4% | 0.0pp | 0.4pp |
| EPS (Diluted) | $1.41 | $1.31 | $1.15 | 7.6% | 22.6% |
| Free Cash Flow | -$28M | $19M | -$17M | -247.3% | -59.2% |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $752M |
| GROSS PROFIT | $71M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | -$62M |
| Operating Expenses | $33M |
| Cost & Expenses | $785M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $30M |
| EBIT | $42M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $823M |
| Cost of Revenue | $752M |
| GROSS PROFIT | $71M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | -$62M |
| Operating Expenses | $33M |
| Cost & Expenses | $785M |
| OPERATING INCOME | $38M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $30M |
| EBIT | $42M |
| EBITDA | $72M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$44M |
| Acquisitions (Net) | $200.0K |
| Purchases of Investments | -$400.0K |
| Sales/Maturities of Investments | $100.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $33M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$600.0K |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $487M |
| Inventory | $596M |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $19M |
| Intangible Assets | $43M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $318M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $426M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $56M |
| Other Non-Current Liabilities | $156M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $100M |
| Treasury Stock | -$476M |
| Accum. Other Comp. Income | $27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $776M |
| Minority Interest | $0 |
| TOTAL EQUITY | $776M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.1B |
| Net Debt | $1.1B |
