| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46.7B | $44.1B | $30.0B | 6.1% | 55.6% |
| Op. Income | $28.4B | $21.6B | $18.6B | 31.4% | 52.6% |
| Gross Margin | 72.4% | 60.5% | 75.1% | 11.9pp | -2.7pp |
| Net Margin | 56.5% | 42.6% | 55.3% | 13.9pp | 1.3pp |
| EPS (Diluted) | $1.08 | $0.76 | $0.67 | 42.1% | 61.2% |
| Free Cash Flow | $13.5B | $26.2B | $13.5B | -48.6% | -0.3% |
| Item | Amount |
|---|---|
| REVENUE | $46.7B |
| Cost of Revenue | $12.9B |
| GROSS PROFIT | $33.9B |
| R&D Expenses | $4.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $5.4B |
| Cost & Expenses | $18.3B |
| OPERATING INCOME | $28.4B |
| Interest Income | $592M |
| Interest Expense | $62M |
| Other Income/Expenses | $2.8B |
| INCOME BEFORE TAX | $31.2B |
| Income Tax Expense | $4.8B |
| Net Income from Continuing Ops | $26.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26.4B |
| D&A | $669M |
| EBIT | $31.3B |
| EBITDA | $31.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $46.7B |
| Cost of Revenue | $12.9B |
| GROSS PROFIT | $33.9B |
| R&D Expenses | $4.3B |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $5.4B |
| Cost & Expenses | $18.3B |
| OPERATING INCOME | $28.4B |
| Interest Income | $592M |
| Interest Expense | $62M |
| Other Income/Expenses | $2.8B |
| INCOME BEFORE TAX | $31.2B |
| Income Tax Expense | $4.8B |
| Net Income from Continuing Ops | $26.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26.4B |
| D&A | $669M |
| EBIT | $31.3B |
| EBITDA | $31.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26.4B |
| Depreciation & Amortization | $669M |
| Stock-Based Compensation | $1.6B |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$2.3B |
| Change in Working Capital | -$11.0B |
| OPERATING CASH FLOW | $15.4B |
| Capital Expenditure | -$1.9B |
| Acquisitions (Net) | -$294M |
| Purchases of Investments | -$8.2B |
| Sales/Maturities of Investments | $3.2B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7.1B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$9.7B |
| Common Dividends Paid | -$244M |
| Other Financing Activities | -$1.9B |
| NET CASH FROM FINANCING | -$11.8B |
| FREE CASH FLOW | $13.5B |
| Net Change in Cash | -$3.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.6B |
| Short-Term Investments | $45.2B |
| Net Receivables | $27.8B |
| Inventory | $15.0B |
| Other Current Assets | $2.7B |
| TOTAL CURRENT ASSETS | $102.2B |
| PP&E (Net) | $11.2B |
| Goodwill | $5.8B |
| Intangible Assets | $755M |
| Long-Term Investments | $3.8B |
| Tax Assets | $13.6B |
| Other Non-Current Assets | $3.4B |
| TOTAL NON-CURRENT ASSETS | $38.5B |
| TOTAL ASSETS | $140.7B |
| Account Payables | $9.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $980M |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $24.3B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $1.1B |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $16.4B |
| TOTAL LIABILITIES | $40.6B |
| Common Stock | $24M |
| Additional Paid-In Capital | $11.2B |
| Retained Earnings | $88.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $170M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $100.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $100.1B |
| TOTAL LIABILITIES & EQUITY | $140.7B |
| Total Debt | $10.6B |
| Net Debt | -$1.0B |
