| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $631M | $621M | $587M | 1.7% | 7.5% |
| Op. Income | $147M | $69M | $125M | 112.9% | 17.4% |
| Gross Margin | 41.1% | 39.0% | 40.8% | 2.1pp | 0.3pp |
| Net Margin | 15.8% | 11.1% | 16.4% | 4.7pp | -0.7pp |
| EPS (Diluted) | $2.09 | $1.40 | $2.03 | 49.3% | 3.0% |
| Free Cash Flow | $106M | -$217M | $209M | 148.8% | -49.1% |
| Item | Amount |
|---|---|
| REVENUE | $631M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $260M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $113M |
| Cost & Expenses | $484M |
| OPERATING INCOME | $147M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $31M |
| EBIT | $136M |
| EBITDA | $167M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $631M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $260M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $113M |
| Cost & Expenses | $484M |
| OPERATING INCOME | $147M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $133M |
| Income Tax Expense | $34M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $31M |
| EBIT | $136M |
| EBITDA | $167M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | $106M |
| Capital Expenditure | $254.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$68M |
| Sales/Maturities of Investments | $122M |
| Other Investing Activities | -$48M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$27M |
| Common Stock Repurchased | -$89M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$604.0K |
| NET CASH FROM FINANCING | -$117M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $497M |
| Short-Term Investments | $129M |
| Net Receivables | $869M |
| Inventory | $18M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $111M |
| Goodwill | $247M |
| Intangible Assets | $155M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $194M |
| TOTAL NON-CURRENT ASSETS | $706M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $46M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $220M |
| Long-Term Debt | $428M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $539M |
| TOTAL LIABILITIES | $759M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $724M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$191M |
| Accum. Other Comp. Income | -$63.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $567M |
| Net Debt | $70M |
