| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.3B | $2.2B | 0.4% | 7.0% |
| Op. Income | $474M | $384M | -$594M | 23.4% | 179.7% |
| Gross Margin | 35.8% | 33.6% | 40.2% | 2.2pp | -4.4pp |
| Net Margin | -31.0% | 10.4% | -30.3% | -41.3pp | -0.7pp |
| EPS (Diluted) | $-6.79 | $2.26 | $-6.21 | -400.4% | -9.3% |
| Free Cash Flow | $487M | $280M | $151M | 73.8% | 221.9% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $837M |
| R&D Expenses | $0 |
| Selling & Marketing | $363M |
| General & Administrative | $0 |
| SG&A Expenses | $363M |
| Other Expenses | $0 |
| Operating Expenses | $363M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $474M |
| Interest Income | $0 |
| Interest Expense | $95M |
| Other Income/Expenses | -$1.1B |
| INCOME BEFORE TAX | -$652M |
| Income Tax Expense | $72M |
| Net Income from Continuing Ops | -$724M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$724M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$724M |
| D&A | $144M |
| EBIT | -$557M |
| EBITDA | -$413M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$724M |
| Depreciation & Amortization | $94M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$76M |
| Other Non-Cash Items | $1.0B |
| Change in Working Capital | $229M |
| OPERATING CASH FLOW | $559M |
| Capital Expenditure | -$72M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $88M |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | -$468M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | -$117M |
| Other Financing Activities | -$700.0K |
| NET CASH FROM FINANCING | -$586M |
| FREE CASH FLOW | $487M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $646M |
| Inventory | $1.2B |
| Other Current Assets | $119M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $3.0B |
| Goodwill | $5.2B |
| Intangible Assets | $5.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $325M |
| TOTAL NON-CURRENT ASSETS | $14.3B |
| TOTAL ASSETS | $16.3B |
| Account Payables | $1.1B |
| Short-Term Debt | $487M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $745M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.5B |
| Other Non-Current Liabilities | $164M |
| TOTAL NON-CURRENT LIABILITIES | $8.7B |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $27M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$373M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$168M |
| Other Equity | $5.8B |
| TOTAL STOCKHOLDERS' EQUITY | $5.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $16.3B |
| Total Debt | $7.5B |
| Net Debt | $7.4B |
