| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12.7B | $5.0B | $5.7B | 152.8% | 123.4% |
| Op. Income | $474M | $182M | $369M | 160.2% | 28.7% |
| Gross Margin | 6.3% | 9.3% | 11.8% | -3.0pp | -5.5pp |
| Net Margin | 3.2% | 3.4% | 5.6% | -0.2pp | -2.5pp |
| EPS (Diluted) | $0.60 | $0.26 | $0.50 | 130.8% | 20.0% |
| Free Cash Flow | -$45M | -$950M | -$267M | 95.2% | 83.1% |
| Item | Amount |
|---|---|
| REVENUE | $12.7B |
| Cost of Revenue | $11.9B |
| GROSS PROFIT | $799M |
| R&D Expenses | $181M |
| Selling & Marketing | $73M |
| General & Administrative | $70M |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $324M |
| Cost & Expenses | $12.2B |
| OPERATING INCOME | $474M |
| Interest Income | $51M |
| Interest Expense | $25M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $500M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $401M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $401M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $13M |
| EBIT | $526M |
| EBITDA | $539M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $12.7B |
| Cost of Revenue | $11.9B |
| GROSS PROFIT | $799M |
| R&D Expenses | $181M |
| Selling & Marketing | $73M |
| General & Administrative | $70M |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $324M |
| Cost & Expenses | $12.2B |
| OPERATING INCOME | $474M |
| Interest Income | $51M |
| Interest Expense | $25M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $500M |
| Income Tax Expense | $99M |
| Net Income from Continuing Ops | $401M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $401M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $401M |
| D&A | $13M |
| EBIT | $526M |
| EBITDA | $539M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $401M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$40M |
| Other Non-Cash Items | $240M |
| Change in Working Capital | -$638M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $89M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | $66M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.1B |
| Short-Term Investments | $0 |
| Net Receivables | $11.0B |
| Inventory | $10.6B |
| Other Current Assets | $434M |
| TOTAL CURRENT ASSETS | $26.1B |
| PP&E (Net) | $909M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $123M |
| Tax Assets | $655M |
| Other Non-Current Assets | $190M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $28.0B |
| Account Payables | $13.8B |
| Short-Term Debt | $202M |
| Deferred Revenue | $897M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15.4B |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $528M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $409M |
| TOTAL NON-CURRENT LIABILITIES | $5.6B |
| TOTAL LIABILITIES | $21.0B |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $695.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $162.0K |
| TOTAL EQUITY | $7.0B |
| TOTAL LIABILITIES & EQUITY | $28.0B |
| Total Debt | $4.9B |
| Net Debt | $819M |
