| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $789M | $759M | $676M | 4.0% | 16.7% |
| Op. Income | $196M | $234M | $166M | -16.2% | 17.7% |
| Gross Margin | 75.3% | 77.1% | 74.8% | -1.8pp | 0.5pp |
| Net Margin | 25.4% | 30.1% | 25.3% | -4.7pp | 0.1pp |
| EPS (Diluted) | $1.19 | $1.37 | $1.04 | -13.1% | 14.4% |
| Free Cash Flow | $232M | $871M | $90M | -73.4% | 158.4% |
| Item | Amount |
|---|---|
| REVENUE | $789M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $594M |
| R&D Expenses | $193M |
| Selling & Marketing | $109M |
| General & Administrative | $96M |
| SG&A Expenses | $205M |
| Other Expenses | $0 |
| Operating Expenses | $398M |
| Cost & Expenses | $593M |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $69M |
| INCOME BEFORE TAX | $265M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $10M |
| EBIT | $196M |
| EBITDA | $206M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $789M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $594M |
| R&D Expenses | $193M |
| Selling & Marketing | $109M |
| General & Administrative | $96M |
| SG&A Expenses | $205M |
| Other Expenses | $0 |
| Operating Expenses | $398M |
| Cost & Expenses | $593M |
| OPERATING INCOME | $196M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $69M |
| INCOME BEFORE TAX | $265M |
| Income Tax Expense | $65M |
| Net Income from Continuing Ops | $200M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $200M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $200M |
| D&A | $10M |
| EBIT | $196M |
| EBITDA | $206M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $200M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $59M |
| Other Non-Cash Items | $120M |
| Change in Working Capital | -$153M |
| OPERATING CASH FLOW | $238M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$786M |
| Sales/Maturities of Investments | $403M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$389M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | $116M |
| FREE CASH FLOW | $232M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $4.5B |
| Net Receivables | $472M |
| Inventory | $0 |
| Other Current Assets | $118M |
| TOTAL CURRENT ASSETS | $7.0B |
| PP&E (Net) | $133M |
| Goodwill | $440M |
| Intangible Assets | $36M |
| Long-Term Investments | $0 |
| Tax Assets | $310M |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $34M |
| Short-Term Debt | $11M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $439.0K |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $106M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $85M |
| Net Debt | -$1.8B |
