| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.2B | 6.0% | -2.0% |
| Op. Income | $95M | $32M | $147M | 196.6% | -35.1% |
| Gross Margin | 41.2% | 53.6% | 57.4% | -12.4pp | -16.2pp |
| Net Margin | 3.7% | -1.7% | 6.7% | 5.4pp | -3.1pp |
| EPS (Diluted) | $0.08 | $-0.09 | $0.14 | 189.4% | -45.0% |
| Free Cash Flow | $52M | $258M | $23M | -80.0% | 126.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $670M |
| GROSS PROFIT | $470M |
| R&D Expenses | $223M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | $0 |
| Operating Expenses | $375M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $95M |
| Interest Income | $4M |
| Interest Expense | $56M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $173M |
| EBIT | $88M |
| EBITDA | $261M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $670M |
| GROSS PROFIT | $470M |
| R&D Expenses | $223M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $152M |
| Other Expenses | $0 |
| Operating Expenses | $375M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $95M |
| Interest Income | $4M |
| Interest Expense | $56M |
| Other Income/Expenses | -$63M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $173M |
| EBIT | $88M |
| EBITDA | $261M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $173M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$205M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | -$88M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$246M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$356M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | -$330M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $0 |
| Net Receivables | $746M |
| Inventory | $1.1B |
| Other Current Assets | $272M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $1.2B |
| Goodwill | $6.7B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $1.7B |
| Other Non-Current Assets | $362M |
| TOTAL NON-CURRENT ASSETS | $12.1B |
| TOTAL ASSETS | $14.5B |
| Account Payables | $170M |
| Short-Term Debt | $0 |
| Deferred Revenue | $160M |
| Other Current Liabilities | $466M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $226M |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $7.8B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | $5.3B |
| Treasury Stock | -$2.6B |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.7B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $5.4B |
| Net Debt | $5.2B |
