SO Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), SO reported revenue of $7.0B, gross profit of $5.3B (75.7% gross margin), operating income of $1.8B, and net income of $1.2B (17.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
SO was profitable; revenue fell 10.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −10.8% | −30.6% | −4.8 pp |
Consensus estimate data is not available for this report.
SO Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $7.0B | 100% |
| Cost of Revenue | −$1.7B | 24.3% |
| Gross Profit | $5.3B | 75.7% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$3.5B | 50.3% |
| Operating Income | $1.8B | 25.5% |
| Other Income, net | −$401M | 5.7% |
| Income Tax Expense | −$187M | 2.7% |
| Net Income | $1.2B | 17.0% |
Source: original SEC filing (filed 2026-07-30). Accession 0000092122-26-000056. Data normalized by EarningsFyi.