| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11.3B | $12.4B | $11.3B | -9.2% | 0.1% |
| Op. Income | $553M | $1.0B | $788M | -45.0% | -29.8% |
| Gross Margin | 40.2% | 40.6% | 41.5% | -0.4pp | -1.3pp |
| Net Margin | 4.6% | 6.4% | 7.0% | -1.8pp | -2.4pp |
| EPS (Diluted) | $0.35 | $0.54 | $0.54 | -35.2% | -35.2% |
| Free Cash Flow | $284M | $386M | $1.7B | -26.4% | -83.4% |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $6.7B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $2.9B |
| SG&A Expenses | $4.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $553M |
| Interest Income | $166M |
| Interest Expense | $195M |
| Other Income/Expenses | $97M |
| INCOME BEFORE TAX | $650M |
| Income Tax Expense | $130M |
| Net Income from Continuing Ops | $520M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $520M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $520M |
| D&A | $0 |
| EBIT | $502M |
| EBITDA | $502M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $11.3B |
| Cost of Revenue | $6.7B |
| GROSS PROFIT | $4.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.1B |
| General & Administrative | $2.9B |
| SG&A Expenses | $4.0B |
| Other Expenses | $0 |
| Operating Expenses | $4.0B |
| Cost & Expenses | $10.7B |
| OPERATING INCOME | $553M |
| Interest Income | $166M |
| Interest Expense | $195M |
| Other Income/Expenses | $97M |
| INCOME BEFORE TAX | $650M |
| Income Tax Expense | $130M |
| Net Income from Continuing Ops | $520M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $520M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $520M |
| D&A | $0 |
| EBIT | $502M |
| EBITDA | $502M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $520M |
| Depreciation & Amortization | $176M |
| Stock-Based Compensation | $194M |
| Deferred Income Tax | -$64M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$383M |
| OPERATING CASH FLOW | $430M |
| Capital Expenditure | -$146M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$253M |
| Sales/Maturities of Investments | $291M |
| Other Investing Activities | -$60M |
| NET CASH FROM INVESTING | -$168M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$609M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$601M |
| FREE CASH FLOW | $284M |
| Net Change in Cash | -$314M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.7B |
| Short-Term Investments | $1.4B |
| Net Receivables | $5.4B |
| Inventory | $7.5B |
| Other Current Assets | $2.3B |
| TOTAL CURRENT ASSETS | $23.2B |
| PP&E (Net) | $7.7B |
| Goodwill | $240M |
| Intangible Assets | $259M |
| Long-Term Investments | $0 |
| Tax Assets | $5.7B |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $13.9B |
| TOTAL ASSETS | $37.1B |
| Account Payables | $2.9B |
| Short-Term Debt | $1.5B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.5B |
| TOTAL CURRENT LIABILITIES | $10.8B |
| Long-Term Debt | $9.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.5B |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12.1B |
| TOTAL LIABILITIES | $23.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$610M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$207M |
| Other Equity | $14.9B |
| TOTAL STOCKHOLDERS' EQUITY | $14.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.1B |
| TOTAL LIABILITIES & EQUITY | $37.1B |
| Total Debt | $11.2B |
| Net Debt | $4.5B |
