Norwalk, Conn. —
Financial Summary
- Revenue of $1.92 billion, up 22.0 percent, or 21.2 percent in constant currency1. On a pro forma2 basis, revenue is down 6.5 percent.
- GAAP net income of $13 million, or $0.07 per share, up $119 million or $0.94 per share, year-over-year, respectively.
- Adjusted1 net income of $55 million, or $0.38 per share, up $132 million or $1.02 per share, year-over-year, respectively.
- Adjusted1 operating income of $203 million, up $144 million year-over-year.
- Adjusted1 operating margin of 10.6 percent, up 690 basis points year-over-year.
- Operating cash flow of $37 million, up $48 million year-over year.
- Free cash flow1 of $11 million, up $41 million year-over-year.
* Profitability metrics for Q2 2026 include $105 million of a pre-tax benefit from the recognition of IEEPA tariff receivables. This benefit is not included in either Operating cash flow or Free cash flow for Q2 2026 as the sale of the receivables is currently accounted for within Financing cash flow.
