M 
17.88
+7.00%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$3.10bn
FY2023FY2026
Net income
−$331.0m
FY2023FY2026
Free cash flow
−$420.0m
FY2023FY2026
Shareholders' equity
$3.61bn
FY2023FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $3.10bn | $2.71bn | $2.47bn | $2.25bn |
| Gross profit | $1.68bn | $1.52bn | $1.44bn | $1.31bn |
| Research and development | $448.0m | $438.0m | $437.0m | $429.0m |
| Operating income | $49.0m | −$202.0m | −$69.0m | −$69.0m |
| Net income | −$331.0m | −$250.0m | −$112.0m | −$96.0m |
| Diluted earnings per share | -1.18 | -0.89 | -0.40 | -0.34 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Total assets | $4.63bn | $4.20bn | $4.09bn | — |
| Cash and short-term investments | $298.0m | $11.0m | $54.0m | — |
| Total liabilities | $1.02bn | $870.0m | $646.0m | — |
| Debt | $145.0m | $11.0m | $8.0m | — |
| Shareholders' equity | $3.61bn | $3.33bn | $3.45bn | — |
| Shares outstanding | 281m | 281m | 281m | 281m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash from operations | −$197.0m | $140.0m | $41.0m | −$6.0m |
| Capital spending | −$223.0m | −$193.0m | −$148.0m | −$167.0m |
| Free cash flow | −$420.0m | −$53.0m | −$107.0m | −$173.0m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | $843.0m | $837.0m | $790.0m | $752.0m | $723.0m | $724.0m | $687.0m |
| Gross profit | $465.0m | $480.0m | $362.0m | $428.0m | $409.0m | $402.0m | $395.0m |
| Operating income | $38.0m | $82.0m | −$93.0m | −$10.0m | $3.0m | −$204.0m | $22.0m |
| Net income | — | −$183.0m | −$119.0m | −$27.0m | −$19.0m | −$209.0m | −$10.0m |
| Diluted earnings per share | — | -0.65 | -0.42 | -0.10 | -0.07 | -0.74 | -0.04 |
| Cash from operations | −$49.0m | −$170.0m | $66.0m | $48.0m | −$141.0m | $83.0m | $24.0m |
| Capital spending | −$41.0m | −$56.0m | −$53.0m | −$61.0m | −$53.0m | −$57.0m | −$50.0m |
| Free cash flow | −$90.0m | −$226.0m | $13.0m | −$13.0m | −$194.0m | $26.0m | −$26.0m |
| Total assets | $4.72bn | $4.63bn | $4.34bn | $4.24bn | — | $4.20bn | — |
| Cash and short-term investments | $207.0m | $298.0m | $10.0m | $350.0m | — | $11.0m | — |
| Debt | $9.0m | $145.0m | $11.0m | — | — | $11.0m | — |
| Shareholders' equity | $3.62bn | $3.61bn | $3.46bn | $3.74bn | — | $3.33bn | — |
Financial ratios
Data as of 19 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Gross margin | 54.2% | 56.2% | 58.2% | 58.3% |
| Operating margin | 1.6% | -1.3% | -2.8% | -3.4% |
| Net margin | -10.7% | -9.2% | -4.5% | -4.3% |
| Return on equity | -9.2% | -7.5% | -3.2% | — |
| Return on assets | -7.1% | -6.0% | -2.7% | — |
| Free cash flow yield | 0.5% | 6.8% | — | — |
| Revenue growth | 14.3% | 10.0% | 10.0% | — |
| Earnings growth | 32.4% | 123.2% | 16.7% | — |
| Current ratio | 1.92x | 1.32x | 1.73x | — |
| Debt to equity | 0.04x | 0.00x | 0.00x | — |
| Equity ratio | 78.0% | 79.3% | 84.2% | — |
| R&D as a share of sales | 14.4% | 16.1% | 17.7% | 19.1% |
| Buybacks as a share of market value | -0.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.4% | — | — |
| Net income | 51.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 55.1% | 56.5% | — | — |
Valuation history
At each fiscal year end
| FY2026 | |
|---|---|
| Price to earnings | -16.4 |
| Price to sales | 1.8 |
Market value over time
31 Mar 2026 to 16 Oct 2026, in USD
$4.19bn$4.91bn
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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