| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.4B | $17.1B | $15.6B | -3.7% | 5.2% |
| Op. Income | $190M | $225M | $159M | -15.4% | 19.7% |
| Gross Margin | 12.0% | 11.8% | 11.7% | 0.1pp | 0.3pp |
| Net Margin | 0.4% | 0.5% | 0.3% | -0.2pp | 0.1pp |
| EPS (Diluted) | $0.39 | $0.60 | $0.27 | -35.0% | 44.4% |
| Free Cash Flow | $488M | -$224M | $218M | 317.7% | 123.7% |
| Item | Amount |
|---|---|
| REVENUE | $16.4B |
| Cost of Revenue | $14.5B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.8B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $16.3B |
| OPERATING INCOME | $190M |
| Interest Income | $0 |
| Interest Expense | $105M |
| Other Income/Expenses | -$103M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $200M |
| EBIT | $191M |
| EBITDA | $391M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $16.4B |
| Cost of Revenue | $14.5B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.8B |
| Operating Expenses | $1.8B |
| Cost & Expenses | $16.3B |
| OPERATING INCOME | $190M |
| Interest Income | $0 |
| Interest Expense | $105M |
| Other Income/Expenses | -$103M |
| INCOME BEFORE TAX | $87M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $200M |
| EBIT | $191M |
| EBITDA | $391M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $200M |
| Stock-Based Compensation | -$13M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | -$128M |
| Change in Working Capital | $501M |
| OPERATING CASH FLOW | $601M |
| Capital Expenditure | -$113M |
| Acquisitions (Net) | -$60M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$700.0K |
| NET CASH FROM INVESTING | -$174M |
| Net Debt Issuance | -$175M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$230M |
| NET CASH FROM FINANCING | -$425M |
| FREE CASH FLOW | $488M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $4.3B |
| Other Current Assets | $278M |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $5.5B |
| Goodwill | $3.5B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $223M |
| TOTAL NON-CURRENT ASSETS | $10.8B |
| TOTAL ASSETS | $18.2B |
| Account Payables | $3.3B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $5.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $904M |
| Other Non-Current Liabilities | $381M |
| TOTAL NON-CURRENT LIABILITIES | $8.9B |
| TOTAL LIABILITIES | $13.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $18.2B |
| Total Debt | $8.0B |
| Net Debt | $7.9B |
