VISN Q2 net income surges 1827% to $295.2M on tax benefits as operations swing to loss

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 4, 2025 · ~1 min read

Key Changes

• high

  Net income to common surged 1827% to $283.3M ($1.21 diluted EPS, +1629%) while operating income swung from $7.8M profit to $8.9M loss—the earnings gain came entirely from below-the-line items, primarily $21M in equity compensation tax benefits and $7.1M from remeasuring deferred taxes, not from operations.

  MD&A: Operating Results / Notes: Income Taxes verify on EDGAR →
• high

  Aurora segment (the sole remaining business) saw operating income fall 86% YoY to $7.0M (2.2% margin) from $49.6M (15.4% margin), driven by unfavorable product mix, lower pricing, lower volume, and higher SG&A; gross margin compressed 1,040 bp to 35.3%.

  MD&A: Segment Results verify on EDGAR →
• high

  Customer concentration spiked: Comcast now represents 59% of total net sales (up from 14% prior year) and Charter 12%, reflecting the divestiture of the more diversified CCS and RUCKUS segments.

  Notes: Customer Concentration view on EDGAR →