| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.4B | $11.7B | $12.4B | 6.0% | 0.6% |
| Op. Income | $1.0B | $927M | $1.4B | 8.5% | -27.3% |
| Gross Margin | 40.6% | 42.2% | 43.6% | -1.6pp | -3.0pp |
| Net Margin | 6.4% | 6.2% | 9.4% | 0.2pp | -3.0pp |
| EPS (Diluted) | $0.54 | $0.49 | $0.78 | 10.2% | -30.8% |
| Free Cash Flow | $386M | $15M | $920M | 2473.3% | -58.0% |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.3B |
| General & Administrative | $2.8B |
| SG&A Expenses | $4.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $11.4B |
| OPERATING INCOME | $1.0B |
| Interest Income | $83M |
| Interest Expense | $90M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $999M |
| Income Tax Expense | $207M |
| Net Income from Continuing Ops | $792M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $792M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $792M |
| D&A | $180M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.4B |
| Cost of Revenue | $7.4B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.3B |
| General & Administrative | $2.8B |
| SG&A Expenses | $4.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $11.4B |
| OPERATING INCOME | $1.0B |
| Interest Income | $83M |
| Interest Expense | $90M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $999M |
| Income Tax Expense | $207M |
| Net Income from Continuing Ops | $792M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $792M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $792M |
| D&A | $180M |
| EBIT | $1.0B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $792M |
| Depreciation & Amortization | $180M |
| Stock-Based Compensation | $176M |
| Deferred Income Tax | -$43M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$546M |
| OPERATING CASH FLOW | $579M |
| Capital Expenditure | -$193M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$281M |
| Sales/Maturities of Investments | $428M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$598M |
| Other Financing Activities | $42M |
| NET CASH FROM FINANCING | -$579M |
| FREE CASH FLOW | $386M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.0B |
| Short-Term Investments | $1.4B |
| Net Receivables | $5.7B |
| Inventory | $7.7B |
| Other Current Assets | $2.2B |
| TOTAL CURRENT ASSETS | $24.0B |
| PP&E (Net) | $7.7B |
| Goodwill | $240M |
| Intangible Assets | $259M |
| Long-Term Investments | $0 |
| Tax Assets | $5.5B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13.8B |
| TOTAL ASSETS | $37.8B |
| Account Payables | $3.7B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $11.6B |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $12.1B |
| TOTAL LIABILITIES | $23.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $14.7B |
| Retained Earnings | -$519M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $37.8B |
| Total Debt | $11.3B |
| Net Debt | $4.3B |
