| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | — | $7.4B | — | -4.5% |
| Op. Income | $1.1B | — | $950M | — | 11.8% |
| Gross Margin | 25.3% | — | 41.4% | — | -16.1pp |
| Net Margin | 0.2% | — | 3.8% | — | -3.6pp |
| EPS (Diluted) | $0.02 | — | $0.43 | — | -95.1% |
| Free Cash Flow | $47M | — | -$68M | — | 169.5% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $710M |
| Other Expenses | $11M |
| Operating Expenses | $720M |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $1.1B |
| Interest Income | $70M |
| Interest Expense | $254M |
| Other Income/Expenses | -$980M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $374M |
| EBIT | $1.1B |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $5.3B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $710M |
| Other Expenses | $11M |
| Operating Expenses | $720M |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $1.1B |
| Interest Income | $70M |
| Interest Expense | $254M |
| Other Income/Expenses | -$980M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $374M |
| EBIT | $1.1B |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $374M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $371M |
| Change in Working Capital | -$216M |
| OPERATING CASH FLOW | $543M |
| Capital Expenditure | -$496M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$504M |
| Net Debt Issuance | -$306M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$120M |
| NET CASH FROM FINANCING | -$426M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$293M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $397M |
| Net Receivables | $2.3B |
| Inventory | $2.5B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $9.7B |
| Goodwill | $0 |
| Intangible Assets | $128M |
| Long-Term Investments | $848M |
| Tax Assets | $2.1B |
| Other Non-Current Assets | $479M |
| TOTAL NON-CURRENT ASSETS | $13.3B |
| TOTAL ASSETS | $20.5B |
| Account Payables | $2.4B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $30M |
| Other Current Liabilities | $216M |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $190M |
| Other Non-Current Liabilities | $583M |
| TOTAL NON-CURRENT LIABILITIES | $6.7B |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $596M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.1B |
| Minority Interest | $325M |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $20.5B |
| Total Debt | $7.6B |
| Net Debt | $5.5B |
