28.38
-2.51%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$194.34bn
FY2016FY2025
Net income
$2.91bn
FY2016FY2025
Free cash flow
$713.6m
FY2016FY2025
Shareholders' equity
$33.43bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $194.34bn | $172.03bn | $161.02bn | $155.32bn | $141.27bn | $110.72bn | $85.64bn | $68.59bn | $53.79bn | $38.62bn |
| Gross profit | $18.09bn | $16.84bn | $23.71bn | $21.83bn | $19.16bn | $16.20bn | $12.53bn | $9.79bn | $7.54bn | $5.85bn |
| Research and development | $3.30bn | $2.53bn | $2.43bn | $2.51bn | $2.42bn | $2.40bn | $2.17bn | $1.80bn | $987.6m | $798.8m |
| Operating income | $411.8m | $5.75bn | $3.86bn | $2.93bn | $614.7m | $1.83bn | $1.34bn | −$388.8m | −$124.0m | −$318.4m |
| Net income | $2.91bn | $6.14bn | $3.59bn | $1.54bn | −$528.5m | $7.33bn | $1.81bn | −$369.9m | $19.1m | −$297.0m |
| Diluted earnings per share | 1.96 | 2.02 | 2.27 | 0.97 | -0.34 | 4.58 | 1.21 | -0.13 | 0.01 | -0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $103.27bn | $103.65bn | $93.37bn | $88.37bn | $73.71bn | $62.69bn | $5.54bn | $31.05bn | $27.32bn | $23.81bn |
| Cash and short-term investments | $33.48bn | $34.74bn | $28.23bn | $32.65bn | $27.51bn | $21.77bn | $1.37bn | $5.39bn | $5.09bn | $4.00bn |
| Total liabilities | $59.63bn | $57.14bn | $49.37bn | $47.67bn | $37.07bn | $29.79bn | $3.39bn | $19.65bn | $19.55bn | $17.69bn |
| Debt | $12.38bn | $10.64bn | $8.13bn | $7.43bn | $3.03bn | $3.16bn | $1.57bn | $2.14bn | $3.53bn | $3.01bn |
| Shareholders' equity | $33.43bn | $35.53bn | $34.42bn | $31.67bn | $31.01bn | $27.84bn | $1.74bn | $8.87bn | $7.73bn | $5.03bn |
| Shares outstanding | 1,489m | 3,041m | 1,583m | 1,589m | 1,555m | 1,602m | 1,490m | 2,895m | 2,849m | 2,834m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.82bn | $8.62bn | $8.84bn | $8.58bn | $6.28bn | $6.32bn | $3.68bn | $3.10bn | $3.68bn | $1.30bn |
| Capital spending | −$2.11bn | −$2.05bn | −$2.97bn | −$3.26bn | −$2.76bn | −$1.14bn | −$521.8m | −$3.17bn | −$1.69bn | −$662.1m |
| Free cash flow | $713.6m | $6.57bn | $5.86bn | $5.32bn | $3.52bn | $5.18bn | $3.16bn | −$72.5m | $2.00bn | $639.4m |
| Dividends paid | −$1.54bn | −$1.23bn | −$1.00bn | −$1.94bn | −$9.2m | −$3.30bn | −$16.6m | −$1.46bn | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $51.28bn | $46.58bn | $52.30bn | $44.40bn | $52.95bn | $44.70bn | $51.51bn | $38.65bn |
| Gross profit | $8.74bn | $7.78bn | −$1.65bn | $4.23bn | $8.41bn | $7.10bn | $4.90bn | $4.27bn |
| Operating income | $613.3m | $1.15bn | −$868.3m | $984.7m | $1.09bn | $2.07bn | $1.26bn | $1.89bn |
| Net income | $1.06bn | $752.8m | −$402.8m | $783.2m | $917.1m | $1.62bn | $1.46bn | $1.74bn |
| Diluted earnings per share | 0.75 | 0.53 | -0.27 | 0.53 | 0.62 | 1.09 | 0.48 | 0.57 |
| Cash from operations | — | $82.0m | $3.10bn | −$1.19bn | $3.62bn | −$2.71bn | $3.69bn | −$923.0m |
| Capital spending | — | −$751.0m | — | −$385.0m | −$450.0m | −$344.0m | — | −$795.0m |
| Free cash flow | — | −$669.0m | — | −$1.58bn | $3.17bn | −$3.06bn | — | −$1.72bn |
| Total assets | $107.73bn | $101.42bn | $103.27bn | $105.92bn | $104.95bn | $100.63bn | $103.65bn | $95.54bn |
| Cash and short-term investments | $34.91bn | $31.90bn | $33.48bn | $29.43bn | $31.74bn | $28.82bn | $34.74bn | $28.34bn |
| Debt | $4.03bn | $12.44bn | $12.38bn | $13.28bn | $11.89bn | $10.14bn | $10.64bn | $10.57bn |
| Shareholders' equity | $32.54bn | $32.02bn | $33.43bn | $34.43bn | $33.72bn | $34.79bn | $35.53bn | $33.94bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.3% | 9.8% | 14.7% | 14.1% | 13.6% | 14.6% |
| Operating margin | 0.2% | 3.3% | 2.4% | 1.9% | 0.4% | 1.7% |
| Net margin | 1.5% | 3.6% | 2.2% | 1.0% | -0.4% | 6.6% |
| Return on equity | 8.7% | 17.3% | 10.4% | 4.9% | -1.7% | 26.3% |
| Return on assets | 2.8% | 5.9% | 3.8% | 1.7% | -0.7% | 11.7% |
| Free cash flow yield | 83.0% | 88.1% | 187.2% | 187.1% | 145.8% | 116.8% |
| Revenue growth | 13.0% | 6.8% | 3.7% | 9.9% | 27.6% | 29.3% |
| Earnings growth | -52.5% | 71.1% | 132.8% | -391.6% | -107.2% | 305.5% |
| Current ratio | 1.22x | 1.29x | 1.16x | 1.32x | 1.35x | 1.35x |
| Debt to equity | 0.37x | 0.30x | 0.24x | 0.23x | 0.10x | 0.11x |
| Equity ratio | 32.4% | 34.3% | 36.9% | 35.8% | 42.1% | 44.4% |
| Interest coverage | 0.99x | 13.38x | 9.03x | 9.37x | 3.41x | 10.97x |
| R&D as a share of sales | 1.7% | 1.5% | 1.5% | 1.6% | 1.7% | 2.2% |
| Buybacks as a share of market value | 51.0% | -92.1% | 0.4% | -2.2% | 2.9% | -7.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.8% | 11.9% | 21.9% |
| Operating income | -48.0% | -25.8% | — |
| Net income | 23.7% | -16.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.5% | 11.8% | 12.4% | 12.8% |
| Operating margin | 1.7% | 1.9% | 1.6% | 1.2% |
| Net margin | 2.5% | 2.1% | 2.2% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.7 | 17.2 | 12.8 | 57.9 | -206.2 | 19.2 | 29.0 | -163.8 | — | -242.8 |
| Price to sales | 0.2 | 0.6 | 0.3 | 0.6 | 0.8 | 1.3 | 0.6 | 0.9 | 2.2 | 1.9 |
Market value over time
31 Oct 2016 to 18 Sept 2026, in USD
$37.37bn$37.90bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -21% | 32% | -52% | -16% | -15% | 128% | 77% | -53% | 65% | -14% |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 9 Apr 2026.
| FY2026 | |
|---|---|
| Paid in the year | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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