| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.3B | $5.3B | $4.4B | 0.4% | 22.1% |
| Op. Income | $1.8B | $1.8B | $1.3B | -1.0% | 35.7% |
| Gross Margin | 49.6% | 50.4% | 47.4% | -0.8pp | 2.2pp |
| Net Margin | 29.8% | 29.5% | 27.2% | 0.4pp | 2.6pp |
| EPS (Diluted) | $1.26 | $1.24 | $0.92 | 1.6% | 37.0% |
| Free Cash Flow | $1.7B | $1.6B | $853M | 4.5% | 95.3% |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $573M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $268M |
| Other Expenses | $0 |
| Operating Expenses | $841M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $64M |
| Interest Expense | $42M |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $243M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $104M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.3B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $573M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $268M |
| Other Expenses | $0 |
| Operating Expenses | $841M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $1.8B |
| Interest Income | $64M |
| Interest Expense | $42M |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $1.8B |
| Income Tax Expense | $243M |
| Net Income from Continuing Ops | $1.6B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $104M |
| EBIT | $1.9B |
| EBITDA | $2.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $104M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | -$31M |
| Other Non-Cash Items | -$199M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | $185M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$443M |
| NET CASH FROM INVESTING | -$258M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$1.5B |
| Common Dividends Paid | -$328M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1.7B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | -$516M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.2B |
| Short-Term Investments | $0 |
| Net Receivables | $3.5B |
| Inventory | $4.0B |
| Other Current Assets | $308M |
| TOTAL CURRENT ASSETS | $14.0B |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.8B |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $21.4B |
| Account Payables | $1.0B |
| Short-Term Debt | $754M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.4B |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $11.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $8.9B |
| Retained Earnings | $31.5B |
| Treasury Stock | -$30.2B |
| Accum. Other Comp. Income | -$99M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.1B |
| TOTAL LIABILITIES & EQUITY | $21.4B |
| Total Debt | $4.5B |
| Net Debt | -$1.7B |
