| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.1B | $8.0B | $7.5B | -11.8% | -5.3% |
| Op. Income | $152M | $310M | $202M | -51.0% | -24.6% |
| Gross Margin | 10.6% | 12.1% | 10.9% | -1.4pp | -0.2pp |
| Net Margin | 1.3% | 2.6% | 1.8% | -1.3pp | -0.4pp |
| EPS (Diluted) | $0.64 | $1.38 | $0.85 | -53.6% | -24.7% |
| Free Cash Flow | $654M | $163M | $510M | 301.7% | 28.3% |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $6.3B |
| GROSS PROFIT | $753M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $601M |
| Other Expenses | $0 |
| Operating Expenses | $601M |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $88M |
| EBIT | $156M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $6.3B |
| GROSS PROFIT | $753M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $601M |
| Other Expenses | $0 |
| Operating Expenses | $601M |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $127M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $95M |
| D&A | $88M |
| EBIT | $156M |
| EBITDA | $244M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $95M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $40M |
| Other Non-Cash Items | $159M |
| Change in Working Capital | $383M |
| OPERATING CASH FLOW | $785M |
| Capital Expenditure | -$131M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$839.0K |
| Sales/Maturities of Investments | $730.0K |
| Other Investing Activities | $300.0K |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | -$157M |
| Common Stock Repurchased | -$181M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$338M |
| FREE CASH FLOW | $654M |
| Net Change in Cash | $316M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $540M |
| Short-Term Investments | $0 |
| Net Receivables | $174M |
| Inventory | $3.1B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $4.4B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $16.5B |
| Tax Assets | $106M |
| Other Non-Current Assets | $313M |
| TOTAL NON-CURRENT ASSETS | $21.5B |
| TOTAL ASSETS | $27.1B |
| Account Payables | $913M |
| Short-Term Debt | $798M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$17M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $17.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $346M |
| TOTAL NON-CURRENT LIABILITIES | $18.6B |
| TOTAL LIABILITIES | $20.9B |
| Common Stock | $74M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $4.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $27.1B |
| Total Debt | $19.1B |
| Net Debt | $18.6B |
