| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $464M | $385M | $420M | 20.7% | 10.5% |
| Op. Income | $59M | $33M | $58M | 77.8% | 1.4% |
| Gross Margin | 32.7% | 32.0% | 35.1% | 0.6pp | -2.4pp |
| Net Margin | 8.3% | 5.3% | 9.0% | 3.0pp | -0.7pp |
| EPS (Diluted) | $2.22 | $1.18 | $2.22 | 88.1% | 0.0% |
| Free Cash Flow | $74M | $6M | $65M | 1191.9% | 13.9% |
| Item | Amount |
|---|---|
| REVENUE | $464M |
| Cost of Revenue | $312M |
| GROSS PROFIT | $152M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $3M |
| Operating Expenses | $93M |
| Cost & Expenses | $405M |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $10M |
| EBIT | $59M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $464M |
| Cost of Revenue | $312M |
| GROSS PROFIT | $152M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $3M |
| Operating Expenses | $93M |
| Cost & Expenses | $405M |
| OPERATING INCOME | $59M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $10M |
| EBIT | $59M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | $11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $309M |
| Common Stock Repurchased | -$147M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $160M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | $212M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $337M |
| Short-Term Investments | $0 |
| Net Receivables | $833M |
| Inventory | $453M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $129M |
| Goodwill | $386M |
| Intangible Assets | $183M |
| Long-Term Investments | $292.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $137M |
| TOTAL NON-CURRENT ASSETS | $835M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $213M |
| Short-Term Debt | $5M |
| Deferred Revenue | $157M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $535M |
| Long-Term Debt | $999M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $141M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $862M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $845M |
| Minority Interest | $0 |
| TOTAL EQUITY | $845M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.0B |
| Net Debt | $667M |
