| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $2.3B | $1.9B | 31.1% | 61.2% |
| Op. Income | $1.1B | $176M | $195M | 505.1% | 446.2% |
| Gross Margin | 50.9% | 29.8% | 32.3% | 21.2pp | 18.6pp |
| Net Margin | 26.5% | 4.9% | 5.5% | 21.7pp | 21.0pp |
| EPS (Diluted) | $5.15 | $0.75 | $0.72 | 586.7% | 615.3% |
| Free Cash Flow | $980M | $438M | $47M | 123.7% | 1985.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $327M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $139M |
| Other Expenses | $10M |
| Operating Expenses | $476M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.1B |
| Interest Income | $12M |
| Interest Expense | $25M |
| Other Income/Expenses | -$128M |
| INCOME BEFORE TAX | $937M |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $803M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $803M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $803M |
| D&A | $38M |
| EBIT | $962M |
| EBITDA | $1.0B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.5B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $327M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $139M |
| Other Expenses | $10M |
| Operating Expenses | $476M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.1B |
| Interest Income | $12M |
| Interest Expense | $25M |
| Other Income/Expenses | -$128M |
| INCOME BEFORE TAX | $937M |
| Income Tax Expense | $134M |
| Net Income from Continuing Ops | $803M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $803M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $803M |
| D&A | $38M |
| EBIT | $962M |
| EBITDA | $1.0B |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $803M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $70M |
| Change in Working Capital | $63M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$39M |
| Acquisitions (Net) | $11M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$137M |
| NET CASH FROM INVESTING | -$165M |
| Net Debt Issuance | -$750M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$758M |
| FREE CASH FLOW | $980M |
| Net Change in Cash | $97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $1.3B |
| Inventory | $2.0B |
| Other Current Assets | $357M |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $631M |
| Goodwill | $5.0B |
| Intangible Assets | $0 |
| Long-Term Investments | $775M |
| Tax Assets | $62M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $436M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.7B |
| Long-Term Debt | $583M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $340M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $11.3B |
| Retained Earnings | -$869M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$255M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.2B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $789M |
| Net Debt | -$750M |
