| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $905M | $864M | $636M | 4.7% | 42.4% |
| Op. Income | $181M | $186M | $133M | -2.6% | 35.9% |
| Gross Margin | 32.4% | 32.6% | 35.4% | -0.2pp | -3.0pp |
| Net Margin | 16.2% | 18.2% | 18.2% | -2.0pp | -1.9pp |
| EPS (Diluted) | $0.97 | $1.04 | $0.79 | -6.7% | 22.8% |
| Free Cash Flow | $171M | $70M | $142M | 144.6% | 20.9% |
| Item | Amount |
|---|---|
| REVENUE | $905M |
| Cost of Revenue | $612M |
| GROSS PROFIT | $293M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $0 |
| Operating Expenses | $112M |
| Cost & Expenses | $724M |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $730.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $183M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $7M |
| EBIT | $183M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $905M |
| Cost of Revenue | $612M |
| GROSS PROFIT | $293M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $85M |
| Other Expenses | $0 |
| Operating Expenses | $112M |
| Cost & Expenses | $724M |
| OPERATING INCOME | $181M |
| Interest Income | $0 |
| Interest Expense | $730.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $183M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $147M |
| D&A | $7M |
| EBIT | $183M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $147M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $187M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$29M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $171M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $845M |
| Short-Term Investments | $0 |
| Net Receivables | $1.2B |
| Inventory | $221M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $85M |
| Goodwill | $474M |
| Intangible Assets | $82M |
| Long-Term Investments | $0 |
| Tax Assets | $514M |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $554M |
| Short-Term Debt | $0 |
| Deferred Revenue | $372M |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $465M |
| TOTAL NON-CURRENT LIABILITIES | $563M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$737.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $0 |
| Net Debt | -$845M |
