| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $460M | $297M | $425M | 54.7% | 8.1% |
| Op. Income | $41M | $23M | $25M | 78.6% | 68.0% |
| Gross Margin | 13.4% | 14.1% | 10.1% | -0.6pp | 3.4pp |
| Net Margin | 6.5% | 5.0% | 3.1% | 1.5pp | 3.3pp |
| EPS (Diluted) | $4.29 | $2.14 | $1.90 | 100.5% | 125.8% |
| Free Cash Flow | $22M | $42M | $70M | -48.6% | -68.8% |
| Item | Amount |
|---|---|
| REVENUE | $460M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | -$153.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $419M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | -$5.0K |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $11M |
| EBIT | $43M |
| EBITDA | $55M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $460M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | -$153.0K |
| Operating Expenses | $20M |
| Cost & Expenses | $419M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | -$5.0K |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $11M |
| EBIT | $43M |
| EBITDA | $55M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $64.0K |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $146.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $128M |
| Inventory | $787M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $939M |
| PP&E (Net) | $346M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $79M |
| TOTAL NON-CURRENT ASSETS | $424M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $244M |
| Short-Term Debt | $24M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $363M |
| Long-Term Debt | $262M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $327M |
| TOTAL LIABILITIES | $690M |
| Common Stock | $3M |
| Additional Paid-In Capital | $102M |
| Retained Earnings | $790M |
| Treasury Stock | -$216M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $673M |
| Minority Interest | $0 |
| TOTAL EQUITY | $673M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $300M |
| Net Debt | $282M |
