254.87
+2.63%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$9.89bn
FY2016FY2025
Net income
$1.29bn
FY2016FY2025
Free cash flow
$2.02bn
FY2016FY2025
Shareholders' equity
$18.26bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.89bn | $9.68bn | $9.84bn | $10.17bn | $10.98bn | $13.45bn | $14.38bn | $13.45bn | $12.27bn | $11.45bn |
| Gross profit | $7.52bn | $7.47bn | $7.43bn | $7.89bn | $8.87bn | $11.64bn | $12.42bn | $11.64bn | $10.64bn | $9.97bn |
| Research and development | $1.75bn | $2.02bn | $2.46bn | $2.23bn | $2.50bn | $3.98bn | $2.27bn | $2.60bn | $2.25bn | $1.97bn |
| Operating income | $2.79bn | $2.65bn | $2.17bn | $3.22bn | $3.50bn | $4.97bn | $7.56bn | $6.57bn | $5.58bn | $5.66bn |
| Net income | $1.29bn | $1.63bn | $1.16bn | $3.05bn | $1.56bn | $4.00bn | $5.89bn | $4.43bn | $2.54bn | $3.70bn |
| Diluted earnings per share | 8.79 | 11.19 | 7.97 | 20.87 | 10.37 | 24.85 | 31.49 | 21.61 | 11.92 | 16.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $29.44bn | $28.05bn | $26.84bn | $24.55bn | $23.88bn | $24.62bn | $27.23bn | $25.29bn | $23.65bn | $22.88bn |
| Cash and short-term investments | $3.82bn | $2.38bn | $1.05bn | $4.89bn | $3.80bn | $2.61bn | $4.48bn | $3.54bn | $3.69bn | $4.89bn |
| Total liabilities | $11.18bn | $11.33bn | $12.05bn | $11.16bn | $12.98bn | $13.92bn | $13.89bn | $12.25bn | $11.04bn | $10.74bn |
| Debt | $6.29bn | $6.30bn | $6.94bn | $6.28bn | $7.27bn | $7.43bn | $5.96bn | $5.94bn | $5.94bn | $6.52bn |
| Shareholders' equity | $18.26bn | $16.72bn | $14.80bn | $13.40bn | $10.90bn | $10.70bn | $13.34bn | $13.04bn | $12.61bn | $12.14bn |
| Shares outstanding | 147m | 146m | 146m | 146m | 150m | 161m | 187m | 205m | 213m | 219m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.20bn | $2.88bn | $1.55bn | $1.38bn | $3.64bn | $4.23bn | $7.08bn | $6.19bn | $4.55bn | $4.59bn |
| Capital spending | −$185.4m | −$359.8m | −$311.4m | −$243.2m | −$294.9m | −$551.8m | −$669.5m | −$886.1m | −$1.96bn | −$727.7m |
| Free cash flow | $2.02bn | $2.52bn | $1.24bn | $1.14bn | $3.35bn | $3.68bn | $6.41bn | $5.30bn | $2.59bn | $3.86bn |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.28bn | $2.53bn | $2.65bn | $2.43bn | $2.45bn | $2.47bn | $2.46bn | $2.29bn |
| Gross profit | $1.78bn | $1.86bn | $2.04bn | $1.80bn | $1.87bn | $1.83bn | $1.92bn | $1.75bn |
| Operating income | $465.0m | $694.4m | $925.0m | $679.0m | $570.1m | $559.3m | $773.3m | $646.4m |
| Net income | −$48.9m | $466.5m | $635.0m | $240.5m | $267.0m | $389.0m | $583.6m | $393.4m |
| Diluted earnings per share | -0.33 | 3.17 | 4.33 | 1.64 | 1.83 | 2.66 | 4.00 | 2.70 |
| Cash from operations | $511.0m | $1.27bn | $160.0m | $259.0m | $761.0m | $936.0m | $625.0m | $553.0m |
| Capital spending | −$60.0m | −$51.0m | −$26.0m | −$47.0m | −$66.0m | −$130.0m | −$42.0m | −$120.0m |
| Free cash flow | $451.0m | $1.22bn | $134.0m | $212.0m | $695.0m | $806.0m | $583.0m | $433.0m |
| Total assets | $29.44bn | $29.21bn | $28.33bn | $28.03bn | $28.05bn | $28.31bn | $26.80bn | $26.57bn |
| Cash and short-term investments | $3.82bn | $3.96bn | $2.76bn | $2.60bn | $2.38bn | $1.70bn | $1.91bn | $1.07bn |
| Debt | $6.29bn | $6.29bn | $6.28bn | $4.55bn | $4.55bn | $4.55bn | $6.29bn | $6.29bn |
| Shareholders' equity | $18.26bn | $18.21bn | $17.63bn | $16.98bn | $16.72bn | $16.36bn | $15.89bn | $15.21bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 70.5% | 76.1% | 74.2% | 77.6% | 80.8% | 86.6% |
| Operating margin | 19.1% | 25.7% | 21.3% | 29.7% | 25.4% | 34.6% |
| Net margin | 13.2% | 16.9% | 11.8% | 29.9% | 14.2% | 29.8% |
| Return on equity | 7.1% | 9.8% | 7.8% | 22.7% | 14.3% | 37.4% |
| Return on assets | 4.4% | 5.8% | 4.3% | 12.4% | 6.5% | 16.3% |
| Free cash flow yield | 7.1% | 9.8% | 5.7% | 5.0% | 11.8% | 13.8% |
| Revenue growth | 1.4% | -1.6% | -3.3% | -7.4% | -18.3% | -6.5% |
| Earnings growth | -20.8% | 40.6% | -61.9% | 95.8% | -61.1% | -32.1% |
| Current ratio | 2.68x | 1.35x | 2.00x | 2.99x | 1.83x | 1.84x |
| Debt to equity | 0.35x | 0.38x | 0.47x | 0.48x | 0.67x | 0.71x |
| Equity ratio | 62.0% | 59.6% | 55.1% | 54.6% | 45.6% | 43.5% |
| Interest coverage | 7.63x | 9.95x | 8.49x | 12.24x | 11.01x | 20.90x |
| R&D as a share of sales | 19.9% | 25.7% | 27.5% | 25.5% | 31.0% | 33.7% |
| Buybacks as a share of market value | -0.4% | -0.3% | -0.3% | 1.6% | 4.2% | 13.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.9% | -6.0% | -0.8% |
| Operating income | -4.7% | -10.9% | -5.6% |
| Net income | -24.9% | -20.2% | -9.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 76.6% | 76.6% | 79.4% | 83.1% |
| Operating margin | 27.8% | 27.4% | 30.2% | 39.3% |
| Net margin | 14.9% | 18.0% | 19.8% | 26.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.0 | 13.7 | 32.5 | 13.3 | 23.1 | 9.8 | 9.4 | 13.9 | 26.7 | 15.4 |
| Price to sales | 2.6 | 2.3 | 3.8 | 4.0 | 3.3 | 2.9 | 3.9 | 4.6 | 5.5 | 5.0 |
Market value over time
31 Oct 2016 to 22 Sept 2026, in USD
$56.52bn$33.51bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 16% | -42% | -11% | 20% | -5% | -18% | 3% | -12% | 27% | -3% |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 3-for-1 split · 18 Jan 2001
- 2-for-1 split · 21 Dec 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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