VeriSign, Inc.

Thank you for joining me on this earnings call. Financial results in our earnings release are unaudited and our remarks include forward-looking statements that are subject to the risks and uncertainties that we discuss in detail in our documents filed with the SEC, specifically the most recent reports on Form 10-K and 10-Q. Verisign does not plan to update financial performance or guidance during the quarter. Thanks, David. Good afternoon to everyone and thank you for joining us.

Last week, we marked 29 years of delivering 100% availability for the .com and .net domain name resolution system, an unprecedented achievement that speaks to the robustness of the high assurance critical infrastructure we operate. Alongside that technical milestone, we're also pleased to report that VeriSign delivered strong results in the second quarter of 2026, both operationally and financially. The combined .com and .net domain name base is now at 179.1 million names, Thank you for joining us. Effective today, the Board of Directors has increased the amount authorized for share repurchases of VeriSign common stock by $884 million for a total of $1.5 billion available under the current share repurchase program, which has no expiration. As announced in today's earnings release, VeriSign's Board of Directors approved a cash dividend of $0.81 per share of VeriSign's outstanding common stock, to shareholders of record as of the close of business on August 19, 2026, payable on August 27, 2026. VeriSign intends to continue to pay a cash dividend on a quarterly basis. VeriSign's performance in the second quarter shows continued robust demand for domain names. During the quarter, the domain name base for .com and .net grew $3.05 million from the prior quarter end. New registrations for the second quarter were a record 12.7 million compared to 11.5 million last quarter and 10.4 million for the second quarter of last year. The renewal rate for the second quarter of 2026 is expected to be 75.2% compared to 75.5% a year ago. Thank you for joining us. We'll be right back. With the trends we've observed in the first half of 2026 and our expectations for second half, we're increasing and narrowing our guidance for domain name base growth to be between 5.2% and 6% for 2026. As a reminder, you can monitor the progression of the domain name base on our website, which is updated daily. The first quarter renewal rate is the highest rate we have seen in 20 years. The 12.7 million new registrations are the largest we have seen for any quarter in our history. The record metrics we have seen during the first half of 2026 and the solid outlook made for our upward revision for domain name based growth for 2026. We're very pleased with the strong business metrics which are leading to strong financial metrics for the company. Before having John review the financial metrics, I want to spend a minute talking about .web. Last night we announced that .web had been delegated into the Global Domain Name Systems Root Zone with VeriSign as the registry operator. The delegation of .web follows the successful resolution of all previous disputes related to the generic top-level domain. With a worldwide channel of registrar partners and decades of experience leveraging channel relationships to market and distribute TLDs like .com and .net, Bear Sign is poised to offer .web as an attractive new domain for TLD registrants across the globe. Verisign plans to begin offering .web domains through its channel partners later this year and will share further details about the planned launch in the coming months. As the launch is expected late this year, at this time we don't expect meaningful revenue or expenses related to .web for 2026. We understand there may be questions about the new products we discussed at our last earnings call. We didn't put our new product efforts on hold. There are and have been teams working without interruption on them, and the products have been operational in test mode since early this year. We simply paused the rollout of the blogs as we focused on resolving and delegating .web. And with that complete, we can turn our attention back to introducing those products, and you'll see the blogs in the coming months. Thank you for joining us. Thank you very much. Now I'd like to turn a call over to John. I'll return when John has completed his financial report with closing remarks. John?

Thank you, Jim, and good afternoon, everyone. For the quarter ended June 30th, 2026, the company generated revenue of $435 million, up 6% from the same quarter a year ago. Operating expense in Q2 2026 totaled $138 million, which compared to $135 million last quarter and $121 million for the second quarter a year ago. Operating income totaled $296 million, up $16 million or 5.6% from the previous year. Operating income was up $3 million or 0.9% sequentially. Net income for the second quarter totaled $217 million compared to $215 million last quarter and $207 million for the same quarter a year ago. This resulted in diluted earnings per share of $2.38 for the second quarter this year compared to $2.34 last quarter and $2.21 for the second quarter last year. Operating cash flow for the second quarter of 2026 was $232 million and free cash flow was $213 million, compared with $202 million and $109 billion respectively in the year-ago quarter. Our financial and liquidity position remains stable with $1,034,000,000 in cash, cash equivalents, and marketable securities at the end of the quarter. That amount included $546 million of net proceeds from the issuance of 5.1% senior notes maturing in 2031. On July 20, 2026, the company redeemed its $550 million of outstanding 4.75% senior notes due in 2027, thereby reducing our liquidity from quarter end. I will now discuss our updated full year 2026 guidance which as Jim mentioned earlier does not anticipate meaningful revenue or expense related to .web at this time. Thank you for watching. Interest, expense, and non-operating net is narrowed and expected to be an expense between $59 and $65 million, reflecting the impacts related to the refinancing I mentioned earlier. Capital expenditures are still expected to be between $55 and $65 million. The gap effective tax rate is still expected to be between 22% and 25%. I will now turn the call back to Jim for his closing remarks.