NET Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), NET reported revenue of $696M, gross profit of $500M (71.8% gross margin), operating income of −$206M, and net income of −$170M (-24.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NET reported a net loss; revenue grew 8.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +8.8% | −641.4% | −20.8 pp |
Consensus estimate data is not available for this report.
NET Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $696M | 100% |
| Cost of Revenue | −$197M | 28.2% |
| Gross Profit | $500M | 71.8% |
| Research & Development | −$159M | 22.9% |
| Selling, General & Administrative | −$395M | 56.8% |
| Other Operating Expenses | −$151M | 21.6% |
| Operating Income | −$206M | -29.6% |
| Interest Expense | −$3M | 0.4% |
| Other Income, net | $38M | 5.4% |
| Income Tax Expense | −$2M | 0.3% |
| Net Income | −$170M | -24.4% |
Source: NET filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.