$31.77

-0.36 (-1.12%)

Weekly Expected Move ±6.1%

$29 $31 $33 $35 $37

NYSE · Technology · Software - Infrastructure · Tech Score Buy · Power 68 · $16.4B mcap · 485M float · 2.08% daily turnover · Short 49% of daily vol

Credit Risk of going bust: not rated Debt: 0.0% of company value Bonds: none of note held by US funds details ▾

Not rated: no debt. Altman Z'' 5.12.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$6.2B +24.1% ▲

5Y CAGR: +49.5%

Gross Profit

$1.6B +33.2% ▲

5Y CAGR: +62.5%

Operating Income

$305M +1806.2% ▲

Net Income

$342M +1700.0% ▲

EPS (Diluted)

$0.56 +1639.1% ▲

EBITDA

$372M +244.4% ▲

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.7B	$2.7B	$3.9B	$5.0B	$6.2B
YoY Growth	+107.2%	+60.2%	+41.5%	+28.3%	+24.1%
Cost of Revenue	$1.4B	$2.2B	$3.0B	$3.8B	$4.6B
Gross Profit	$314M	$511M	$834M	$1.2B	$1.6B
Gross Margin	18.4%	18.7%	21.6%	24.0%	25.8%
R&D Expenses	$163M	$282M	$358M	$351M	$371M
SG&A Expenses	$379M	$613M	$763M	$777M	$915M
Operating Expenses	$542M	$895M	$1.1B	$1.2B	$1.3B
Operating Income	-$228M	-$384M	-$287M	$16M	$305M
Operating Margin	-13.4%	-14.1%	-7.4%	0.3%	5.0%
Interest Expense	$12M	$0	$0	$0	$0
Income Before Tax	-$490M	-$277M	-$244M	$22M	$346M
Tax Expense	-$3M	-$2M	$2M	$3M	$4M
Net Income	-$487M	-$275M	-$246M	$19M	$342M
Net Margin	-28.6%	-10.1%	-6.4%	0.4%	5.6%
EPS (Diluted)	$-0.97	$-0.72	$-0.47	$0.03	$0.56
EBITDA	-$207M	-$360M	-$255M	$108M	$372M
Shares Outstanding	503M	512M	533M	591M	607M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$1.3B	$1.3B	$1.3B	$1.6B	$1.6B	$1.6B	$1.6B	$1.9B
Cost of Revenue	$983M	$1.0B	$991M	$1.2B	$1.2B	$1.2B	$1.2B	$1.4B
Gross Profit	$322M	$333M	$346M	$392M	$432M	$420M	$447M	$516M
Gross Margin	24.7%	24.9%	25.9%	25.3%	26.5%	25.7%	27.4%	27.0%
R&D Expenses	$89M	$93M	$84M	$91M	$102M	$95M	$97M	$109M
SG&A Expenses	$199M	$208M	$212M	$220M	$246M	$237M	$240M	$255M
Operating Expenses	$288M	$301M	$303M	$312M	$348M	$331M	$337M	$364M
Operating Income	$34M	$32M	$43M	$80M	$84M	$89M	$110M	$152M
Operating Margin	2.6%	2.4%	3.2%	5.2%	5.1%	5.5%	6.7%	8.0%
Interest Expense	$0	$0	$0	$0	$0	$0	$0	$0
Income Before Tax	$57M	$32M	$58M	$83M	$104M	$101M	$131M	$162M
Tax Expense	$1M	$0	$2M	$3M	-$1M	$0	$5M	-$8M
Net Income	$56M	$32M	$56M	$80M	$105M	$101M	$126M	$154M
Net Margin	4.3%	2.4%	4.2%	5.2%	6.4%	6.2%	7.7%	8.1%
EPS (Diluted)	$0.07	$0.06	$0.09	$0.13	$0.16	$0.16	$0.20	$0.26
EBITDA	$46M	$43M	$69M	$97M	$117M	$118M	$141M	$174M
Shares Outstanding	590M	600M	603M	605M	609M	607M	602M	590M

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