Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q2 26 | -$0.68 | -$0.66 | +2.9% | — | $2.7B | — |
| Q1 26 | -$0.73 | -$0.87 | -19.2% | — | $2.2B | — |
| Q4 25 | -$0.46 | -$0.49 | -6.5% | — | $2.2B | — |
| Q3 25 | -$0.42 | -$0.4 | +4.8% | — | $2.3B | — |
| Q2 25 | -$0.32 | -$0.16 | +50.0% | — | $2.4B | — |
| Q1 25 | -$0.63 | -$0.59 | +6.3% | — | $2.1B | — |
| Q4 24 | -$0.3 | -$0.21 | +30.0% | — | $2.3B | — |
| Q3 24 | -$0.21 | -$0.16 | +23.8% | — | $2.4B | — |
| Q2 24 | -$0.1 | $0.08 | +180.0% | — | $2.4B | — |
| Q1 24 | -$0.52 | -$0.43 | +17.3% | — | $2.2B | — |
| Q4 23 | -$0.27 | -$0.19 | +29.6% | — | $2.3B | — |
| Q3 23 | -$0.25 | -$0.39 | -56.0% | — | $2.4B | — |
| Q2 23 | $0.43 | $0.45 | +4.7% | — | $2.6B | — |
| Q1 23 | -$0.38 | -$0.34 | +10.5% | — | $2.3B | — |
| Q4 22 | $0.2 | $0.22 | +10.0% | — | $2.4B | — |
| Q3 22 | $0.24 | $0.21 | -12.5% | — | $2.6B | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | -$1.66 | — | — | $9.1B | — |
| FY24 | — | -$2.3 | — | — | $9.3B | — |
| FY23 | — | -$0.93 | — | — | $9.6B | — |
| FY22 | — | -$1.12 | — | — | $9.2B |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.6B | $7B | $7.7B | $8.1B | $3B | $6B | $9.2B | $9.6B | $9.3B | $9.1B |
| YoY change | +2.62% | +6.5% | +9.21% | +5.69% | -63.5% | +104.2% | +51.7% | +4.99% | -3.49% | -2.34% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.6B | 7B | 7.7B | 8.1B | 3B | 6B | 9.2B | 9.6B | 9.3B | 9.1B |
| Cost of revenue | 4.2B | 4.8B | 5.6B | 5.9B | 4.1B | 5.7B | 7.7B | 7.8B | 7.6B | 7.7B |
| Gross profit | 2.4B | 2.2B | 2.1B | 2.2B | -1.1B | 350M | 1.5B | 1.8B | 1.6B | 1.3B |
| Gross margin | 36.3% | 31% | 26.8% | 27.3% | -38% | 5.8% | 16.1% | 18.5% | 17.7% | 14.8% |
| Research & development | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 263M | 271M | 294M | 290M | 110M | 183M | 289M | 316M | 328M | 305M |
| Operating expenses | 1.1B | 1.2B | 1.4B | 1.4B | 872M | 1.3B | 1.7B | 1.8B | 1.7B | 1.7B |
| Operating income | 1.3B | 973M | 701M | 814M | -2B | -913M | -185M | -33M | -93M | -338M |
| Operating margin | 19.1% | 13.9% | 9.15% | 10.1% | -67.5% | -15.1% | -2.02% | -0.34% | -1% | -3.73% |
| Non-operating income, net | — | — | -435M | 1M | 260M | 825M | -125M | -180M | -565M | 16M |
| Pretax income | 1.2B | 918M | 219M | 768M | -1.9B | -263M | -437M | -334M | -897M | -774M |
| Income tax | 437M | -222M | 30M | 199M | -539M | -81M | -75M | -24M | -102M | -172M |
| Net income | 727M | 1.1B | 189M | 569M | -1.4B | -182M | -362M | -310M | -795M | -602M |
| Net margin | 11% | 16.3% | 2.47% | 7.03% | -45.8% | -3.01% | -3.95% | -3.22% | -8.57% | -6.64% |
| EBITDA | 1.7B | 1.4B | 1.2B | 1.4B | -1.5B | -411M | 436M | 685M | 704M | 505M |
| EPS | 2.32 | 3.42 | 0.6 | 1.92 | -4.91 | -0.57 | -1.12 | -0.93 | -2.3 | -1.66 |
| Diluted EPS | 2.22 | 3.41 | 0.6 | 1.91 | -4.91 | -0.57 | -1.12 | -0.93 | -2.3 | -1.66 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.4B | 2.3B | 2.2B | 2.4B | 2.4B | 2.3B | 2.1B | 2.4B | 2.3B | 2.2B | 2.2B | 2.7B |
| Cost of revenue | 2B | 1.9B | 1.9B | 1.9B | 1.9B | 1.9B | 1.9B | 1.9B | 2B | 1.9B | 2B | 2.4B |
| Gross profit | 330M | 411M | 279M | 503M | 432M | 426M | 229M | 440M | 335M | 335M | 214M | 326M |
| Gross margin | 14% | 17.7% | 12.6% | 20.7% | 18.3% | 18.7% | 10.7% | 18.7% | 14.4% | 14.9% | 9.55% | 12.1% |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 80M | 79M | 77M | 87M | 81M | 83M | 70M | 76M | 78M | 80M | 72M | 88M |
| Operating expenses | 453M | 449M | 436M | 445M | 443M | 409M | 403M | 410M | 430M | 434M | 438M | 467M |
| Operating income | -123M | -38M | -157M | 58M | -11M | 17M | -174M | 30M | -95M | -99M | -224M | -141M |
| Operating margin | -5.23% | -1.63% | -7.11% | 2.39% | -0.47% | 0.75% | -8.13% | 1.27% | -4.09% | -4.41% | -10% | -5.23% |
| Non-operating income, net | -22M | -32M | -580M | 14M | — | 2M | 10M | -13M | 13M | 6M | 8M | -1M |
| Pretax income | -174M | -110M | -767M | 31M | -78M | -83M | -271M | -94M | -196M | -213M | -336M | -271M |
| Income tax | -21M | -7M | -51M | 6M | -18M | -39M | -63M | -20M | -53M | -36M | -17M | -24M |
| Net income | -153M | -103M | -716M | 25M | -60M | -44M | -208M | -74M | -143M | -177M | -319M | -247M |
| Net margin | -6.5% | -4.43% | -32.4% | 1.03% | -2.54% | -1.93% | -9.72% | -3.14% | -6.16% | -7.89% | -14.2% | -9.16% |
| EBITDA | 63M | 140M | 24M | 257M | 191M | 235M | 41M | 242M | 118M | 104M | -17M | 57M |
| EPS | -0.46 | -0.31 | -2.11 | 0.07 | -0.17 | -0.13 | -0.59 | -0.21 | -0.39 | -0.48 | -0.86 | -0.66 |
| Diluted EPS | -0.46 | -0.31 | -2.11 | 0.07 | -0.17 | -0.13 | -0.59 | -0.21 | -0.39 | -0.48 | -0.86 | -0.66 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | 7.3B | 7.3B | 5B | 5.6B | 4B | — | 2.1B | 1.8B | 2.7B | 1.6B | 1.6B |
| Enterprise value | 7.7B | 7.8B | 6.7B | 7.4B | 6.7B | — | 5.1B | 5.7B | 8.3B | 8.9B | 9B |
| Shares outstanding | 326.5M | 328.7M | 312.9M | 296.6M | 277.5M | 318M | 323.6M | 332.9M | 346M | 362.1M | 362.1M |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 10.1 | 6.44 | 26.6 | 9.76 | — | — | — | — | — | — | 41.3 |
| P/S | 1.11 | 1.05 | 0.66 | 0.69 | 1.36 | — | 0.23 | 0.19 | 0.29 | 0.18 | 0.17 |
| P/B | 1.82 | 1.55 | 1.07 | 1.16 | 1.02 | — | 0.59 | 0.55 | 1.03 | 0.78 | 1 |
| EV/EBITDA | 4.66 | 5.59 | 5.76 | 5.32 | -4.59 | — | 11.7 | 8.26 | 11.7 | 17.6 | 105 |
| EV/Sales | 1.17 | 1.12 | 0.88 | 0.91 | 2.27 | — | 0.56 | 0.59 | 0.89 | 0.98 | 0.95 |
| Earnings yield | 9.93% | 15.5% | 3.76% | 10.2% | — | — | — | — | — | — | 2.42% |
| FCF yield | 8.48% | 2.41% | 1.71% | 5.28% | -36.5% | — | -25.9% | -43.6% | -54.2% | -73.8% | -57.9% |
| PEG | — | — | — | — | — | — | — | — | — | — | 0.19 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 36.3% | 31% | 26.8% | 27.3% | -38% | 5.8% | 16.1% | 18.5% | 17.7% | 14.8% | 12.1% |
| Operating margin | 19.1% | 13.9% | 9.15% | 10.1% | -67.5% | -15.1% | -2.02% | -0.34% | -1% | -3.73% | -5.23% |
| Net margin | 11% | 16.3% | 2.47% | 7.03% | -45.8% | -3.01% | -3.95% | -3.22% | -8.57% | -6.64% | -9.32% |
| ROE | 18.1% | 24.1% | 4.03% | 11.9% | -34.3% | -4.73% | -10.2% | -9.29% | -30.1% | -28.4% | -44.4% |
| ROA | 7.8% | 11.7% | 1.72% | 4.77% | -10.1% | -1.33% | -2.78% | -2.24% | -4.72% | -3.63% | -2.1% |
| ROIC | 17.8% | 18.6% | 9.45% | 9.11% | -30.1% | -15.7% | -2.82% | -0.46% | -1.14% | -3.6% | -6.24% |
| Return on tangible assets | 7.8% | 11.7% | 1.72% | 4.98% | -10.5% | -1.36% | -2.84% | -2.3% | -4.84% | -3.73% | -5.52% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.63 | 0.56 | 0.55 | 0.67 | 1.25 | 0.95 | 0.51 | 0.6 | 1.1 | 0.74 | 0.7 |
| Quick ratio | 0.61 | 0.54 | 0.52 | 0.64 | 1.22 | 0.93 | 0.49 | 0.57 | 1.06 | 0.69 | 0.63 |
| Debt / equity | 0.34 | 0.25 | 0.56 | 0.66 | 1.45 | 1.25 | 1.23 | 1.61 | 3.46 | 4.44 | 5.91 |
| Debt / assets | 0.15 | 0.12 | 0.24 | 0.26 | 0.43 | 0.35 | 0.34 | 0.39 | 0.54 | 0.57 | 0.57 |
| Net debt / EBITDA | 0.25 | 0.36 | 1.46 | 1.32 | -1.83 | -4.77 | 6.86 | 5.57 | 7.86 | 14.4 | 28.1 |
| Interest coverage | 12.3 | 16 | 5.66 | 10.7 | -9.58 | -0.37 | -1.63 | -0.59 | -1.56 | -0.34 | -0.75 |
| Effective tax rate | 37.5% | 0% | 13.7% | 25.9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 20.2 | 21.3 | 24.5 | 27.3 | 10.7 | 19 | 28.3 | 28.9 | 26.8 | 25 | 25.7 |
| EPS (basic) | 2.32 | 3.42 | 0.6 | 1.92 | -4.91 | -0.57 | -1.12 | -0.93 | -2.3 | -1.66 | -1.66 |
| EPS (diluted) | 2.22 | 3.41 | 0.6 | 1.91 | -4.91 | -0.57 | -1.12 | -0.93 | -2.3 | -1.66 | -2.38 |
| Book value per share | 12.3 | 14.4 | 15 | 16.2 | 14.2 | 12.1 | 11 | 10 | 7.63 | 5.85 | 4.21 |
| FCF per share | 1.9 | 0.54 | 0.27 | 0.99 | -5.31 | 2.03 | -1.68 | -2.42 | -4.26 | -3.36 | -3 |
| Cash per share | 2.97 | 2.11 | 2.83 | 4.48 | 11 | 8.94 | 4.3 | 4.71 | 10.4 | 5.96 | 5.35 |
| Capex per share | 0.49 | 0.39 | 0.66 | 0.76 | 0.48 | 0.28 | 0.48 | 0.23 | 0.41 | 2.98 | 2.54 |
| Metric | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.45% | 1.83% | 2.69% | 2.77% | 4.5% | 1.46% | 1.7% | 0.81% | 1.52% | 11.9% | 10% |
| Capex / operating cash flow | 10.9% | 9.61% | 26.4% | 14.6% | -17.3% | 10.5% | 45.7% | 30.1% | 81.5% | -1.1K% | -744.5% |
| Payout ratio | — | — | — | — | — | — | — | — | — | — | 0% |
| — |
| FY21 | — | -$0.57 | — | — | $6B | — |
| FY20 | — | -$4.91 | — | — | $3B | — |
| FY19 | — | $1.92 | — | — | $8.1B | — |
| FY18 | — | $0.6 | — | — | $7.7B | — |
| FY17 | — | $3.42 | — | — | $7B | — |
| FY16 | — | $2.32 | — | — | $6.6B | — |
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B | $2.3B | $2.2B | $2.4B | $2.4B | $2.3B | $2.1B | $2.4B | $2.3B | $2.2B | $2.2B | $2.7B |
| YoY change | -8.16% | -3.73% | -5.11% | -6.97% | +0.51% | -2.06% | -3.12% | -2.97% | -1.82% | -1.45% | +4.67% | +14.5% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 971M | 693M | 887M | 1.3B | 3.1B | 2.8B | 1.4B | 1.6B | 3.6B | 2.2B |
| Receivables | 172M | 245M | 211M | 231M | 98M | 207M | 317M | 336M | 348M | 372M |
| Inventory | 47M | 55M | 78M | 81M | 71M | 74M | 87M | 109M | 158M | 193M |
| Total current assets | 1.4B | 1.2B | 1.4B | 1.8B | 3.3B | 3.2B | 1.9B | 2.2B | 4.3B | 3.2B |
| Property, plant & equipment | -597M | -931M | -486M | -806M | -1.1B | -1.6B | -1.9B | -2.5B | -2.9B | -2.9B |
| Goodwill & intangibles | — | — | — | 482M | 522M | 299M | 298M | 349M | 399M | 415M |
| Total assets | 9.3B | 9.8B | 11B | 11.9B | 13.4B | 13.6B | 13B | 13.9B | 16.8B | 16.6B |
| Accounts payable | 242M | 378M | 437M | 401M | 365M | 499M | 532M | 641M | 619M | 655M |
| Short-term debt | 189M | 196M | 442M | 472M | 563M | 461M | 651M | 424M | 485M | 848M |
| Total current liabilities | 2.2B | 2.1B | 2.5B | 2.7B | 2.7B | 3.4B | 3.7B | 3.6B | 3.9B | 4.4B |
| Long-term debt | 1.2B | 1B | 2.2B | 2.7B | 5.2B | 4.3B | 3.7B | 5B | 8.7B | 8.6B |
| Total liabilities | 5.3B | 5B | 6.3B | 7.1B | 9.5B | 9.8B | 9.5B | 10.5B | 14.2B | 14.4B |
| Shareholders' equity | 4B | 4.7B | 4.7B | 4.8B | 4B | 3.8B | 3.6B | 3.3B | 2.6B | 2.1B |
| Total debt | 1.4B | 1.2B | 2.6B | 3.2B | 5.7B | 4.8B | 4.4B | 5.4B | 9.1B | 9.4B |
| Net debt | 951M | 896M | 2.1B | 2.2B | 3.8B | 2.8B | 3.3B | 4.2B | 7.2B | 7.5B |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.4B | 1.6B | 1.6B | 1.5B | 4B | 3.6B | 3.5B | 3.1B | 2.6B | 2.2B | 2.2B | 2B |
| Receivables | 329M | 336M | 362M | 336M | 282M | 348M | 361M | 359M | 348M | 372M | 399M | 434M |
| Inventory | 97M | 109M | 111M | 130M | 140M | 158M | 163M | 174M | 183M | 193M | 282M | 304M |
| Total current assets | 2B | 2.2B | 2.2B | 2.1B | 4.6B | 4.3B | 4.2B | 3.8B | 3.4B | 3.2B | 3.4B | 3.2B |
| Property, plant & equipment | -2.4B | -2.5B | -2.5B | -2.7B | -2.9B | -2.9B | -2.6B | -2.7B | -2.7B | -2.9B | -3B | -3.2B |
| Goodwill & intangibles | 346M | 349M | 383M | 388M | 394M | 399M | 399M | 407M | 413M | 415M | 333M | 333M |
| Total assets | 13.4B | 13.9B | 13.7B | 14B | 16.6B | 16.8B | 17.1B | 16.9B | 16.6B | 16.6B | 16.6B | 16.4B |
| Accounts payable | 691M | 641M | 647M | 660M | 612M | 619M | 648M | 633M | 589M | 655M | 728M | 674M |
| Short-term debt | 387M | 424M | 442M | 457M | 462M | 485M | 486M | 795M | 783M | 848M | 810M | 574M |
| Total current liabilities | 3.7B | 3.6B | 4B | 3.9B | 3.8B | 3.9B | 4.1B | 4.3B | 4.2B | 4.4B | 4.8B | 4.5B |
| Long-term debt | 4.3B | 5B | 5.2B | 5.5B | 8.4B | 8.7B | 8.9B | 8.6B | 8.6B | 8.6B | 8.5B | 8.8B |
| Total liabilities | 10B | 10.5B | 11.1B | 11.3B | 14B | 14.2B | 14.7B | 14.5B | 14.3B | 14.4B | 14.8B | 14.8B |
| Shareholders' equity | 3.4B | 3.3B | 2.6B | 2.7B | 2.6B | 2.6B | 2.4B | 2.4B | 2.3B | 2.1B | 1.8B | 1.6B |
| Total debt | 4.7B | 5.4B | 5.7B | 6B | 8.8B | 9.1B | 9.4B | 9.4B | 9.4B | 9.4B | 9.3B | 9.4B |
| Net debt | 3.7B | 4.2B | 4.4B | 4.7B | 6.2B | 7.2B | 7.1B | 7.3B | 7B | 7.5B | 7.5B | 7.7B |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 727M | 1.1B | 189M | 569M | -1.4B | -182M | -362M | -310M | -795M | -602M |
| Depreciation & amortization | 393M | 424M | 469M | 525M | 535M | 540M | 585M | 621M | 655M | 688M |
| Stock-based compensation | 23M | 29M | 28M | 31M | 28M | 28M | 30M | 39M | 39M | 40M |
| Change in working capital | 99M | 70M | 2M | 297M | 302M | 537M | 109M | -64M | -49M | 28M |
| Operating cash flow | 1.5B | 1.3B | 780M | 1.5B | -767M | 835M | 341M | 259M | 173M | -94M |
| Capital expenditure | -161M | -128M | -206M | -224M | 133M | -88M | -156M | -78M | -141M | -1.1B |
| Investing cash flow | -196M | 95M | -249M | -197M | -634M | 203M | -141M | -250M | -1.6B | 702M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | -134M | -390M | -382M | -542M | -167M | -8M | -6M | -4M | -6M | -8M |
| Financing cash flow | -472M | -552M | 113M | 165M | 2B | -844M | -360M | 1.1B | 3.8B | -417M |
| Net change in cash | 808M | 875M | 644M | 1.5B | 554M | 194M | -160M | 1.1B | 2.3B | 191M |
| Free cash flow | 621M | 177M | 86M | 293M | -1.5B | 647M | -544M | -806M | -1.5B | -1.2B |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -153M | -103M | -716M | 25M | -60M | -44M | -208M | -74M | -143M | -177M | -319M | -247M |
| Depreciation & amortization | 156M | 159M | 158M | 164M | 165M | 168M | 168M | 171M | 173M | 176M | 179M | 183M |
| Stock-based compensation | 9M | 8M | 12M | 9M | 9M | 9M | 12M | 10M | 10M | 8M | 13M | 7M |
| Change in working capital | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating cash flow | -21M | 57M | -127M | 183M | 78M | 88M | -101M | 53M | -142M | 49M | 120M | -155M |
| Capital expenditure | -5M | -55M | -39M | -24M | -12M | -66M | -11M | -12M | -269M | -336M | -126M | -222M |
| Investing cash flow | -238M | -73M | 28M | 158M | -1.2B | -564M | 533M | 369M | 544M | -294M | -77M | -173M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | -1M | -3M | -2M | 0 | -1M | -5M | -3M | 0 | 0 | -5M | -3M |
| Financing cash flow | 241M | 736M | 271M | 309M | 2.9B | 279M | -86M | -150M | -111M | -100M | -117M | -461M |
| Net change in cash | -18M | 720M | 172M | 650M | 1.7B | -197M | 346M | 272M | 291M | -345M | -74M | -789M |
| Free cash flow | -493M | -519M | -262M | -465M | -314M | -434M | -73M | -424M | -423M | -296M | -21M | -389M |