| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.2B | $7.1B | $6.7B | -11.9% | -6.7% |
| Op. Income | $82M | $152M | $197M | -45.7% | -58.2% |
| Gross Margin | 10.6% | 10.6% | 11.6% | 0.0pp | -0.9pp |
| Net Margin | 1.0% | 1.3% | 1.9% | -0.3pp | -0.9pp |
| EPS (Diluted) | $0.43 | $0.64 | $0.81 | -32.8% | -46.9% |
| Free Cash Flow | $1.1B | $654M | -$151M | 70.2% | 839.5% |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $5.6B |
| GROSS PROFIT | $664M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $581M |
| Other Expenses | $0 |
| Operating Expenses | $581M |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $93M |
| EBIT | $110M |
| EBITDA | $203M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.2B |
| Cost of Revenue | $5.6B |
| GROSS PROFIT | $664M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $581M |
| Other Expenses | $0 |
| Operating Expenses | $581M |
| Cost & Expenses | $6.2B |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $26M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $93M |
| EBIT | $110M |
| EBITDA | $203M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $34M |
| Other Non-Cash Items | $978M |
| Change in Working Capital | $75M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | -$140M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $767.0K |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$139M |
| Net Debt Issuance | -$1.3B |
| Common Stock Repurchased | -$204M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $1.1B |
| Net Change in Cash | -$392M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $0 |
| Net Receivables | $151M |
| Inventory | $3.1B |
| Other Current Assets | $714M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $4.5B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $16.2B |
| Tax Assets | $73M |
| Other Non-Current Assets | $500M |
| TOTAL NON-CURRENT ASSETS | $21.4B |
| TOTAL ASSETS | $25.6B |
| Account Payables | $887M |
| Short-Term Debt | $797M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $418M |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $15.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $17.4B |
| TOTAL LIABILITIES | $19.5B |
| Common Stock | $72M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.1B |
| TOTAL LIABILITIES & EQUITY | $25.6B |
| Total Debt | $16.7B |
| Net Debt | $16.5B |
