31.89
+4.42%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$15.52bn
FY2016FY2025
Net income
$317.0m
FY2016FY2025
Free cash flow
$92.0m
FY2016FY2025
Shareholders' equity
$2.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.52bn | $16.61bn | $19.46bn | $19.72bn | $21.98bn | $19.45bn | $20.42bn | $21.04bn | $21.25bn | $20.72bn |
| Gross profit | $2.36bn | $2.55bn | $3.19bn | $3.02bn | $4.42bn | $3.78bn | $3.27bn | $3.35bn | $3.60bn | $3.58bn |
| Research and development | $370.0m | $405.0m | $473.0m | $465.0m | $485.0m | $455.0m | $541.0m | $572.0m | $596.0m | $604.0m |
| Operating income | $727.0m | $870.0m | $944.0m | $1.21bn | $2.34bn | $1.91bn | $1.13bn | $1.17bn | $1.05bn | $1.49bn |
| Net income | $317.0m | −$323.0m | $481.0m | −$1.52bn | $1.78bn | $1.07bn | $1.18bn | −$183.0m | $350.0m | $888.0m |
| Diluted earnings per share | 5.65 | -5.83 | 8.71 | -27.77 | 29.28 | 16.82 | 18.53 | -2.83 | 4.83 | 11.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $16.00bn | $16.30bn | $17.31bn | $17.12bn | $20.29bn | $20.44bn | $18.88bn | $18.35bn | $20.00bn | $19.15bn |
| Cash and short-term investments | $669.0m | $1.27bn | $1.57bn | $1.96bn | $3.04bn | $2.93bn | $1.95bn | $1.54bn | $1.24bn | $1.13bn |
| Total liabilities | $13.29bn | $13.37bn | $14.78bn | $14.62bn | $15.27bn | $15.64bn | $14.76bn | $15.14bn | $14.88bn | $13.43bn |
| Debt | $6.52bn | $6.63bn | $7.23bn | $7.62bn | $5.24bn | $5.37bn | $4.99bn | $6.03bn | $5.22bn | $4.47bn |
| Shareholders' equity | $2.73bn | $2.68bn | $2.36bn | $2.34bn | $4.85bn | $3.88bn | $3.19bn | $2.29bn | $4.20bn | $4.77bn |
| Shares outstanding | 56m | 55m | 55m | 55m | 61m | 64m | 64m | 65m | 73m | 76m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $481.0m | $835.0m | $915.0m | $1.39bn | $2.18bn | $1.50bn | $1.23bn | $1.23bn | $1.26bn | $1.20bn |
| Capital spending | −$389.0m | −$451.0m | −$549.0m | −$570.0m | −$525.0m | −$410.0m | −$532.0m | −$590.0m | −$684.0m | −$660.0m |
| Free cash flow | $92.0m | $384.0m | $366.0m | $820.0m | $1.65bn | $1.09bn | $698.0m | $639.0m | $580.0m | $543.0m |
| Dividends paid | −$299.0m | −$384.0m | −$384.0m | −$390.0m | −$338.0m | −$311.0m | −$305.0m | −$306.0m | −$312.0m | −$294.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.52bn | $3.27bn | $4.10bn | $4.03bn | $3.77bn | $3.62bn | $4.14bn | $3.99bn |
| Gross profit | $442.0m | $409.0m | $575.0m | $590.0m | $604.0m | $594.0m | $657.0m | $632.0m |
| Operating income | $167.0m | $50.0m | $233.0m | $185.0m | $207.0m | $188.0m | $239.0m | $237.0m |
| Net income | $88.0m | −$82.0m | $108.0m | $73.0m | $65.0m | $72.0m | −$391.0m | $109.0m |
| Diluted earnings per share | 1.35 | -1.26 | 1.93 | 1.30 | 1.16 | 1.28 | -7.06 | 1.97 |
| Cash from operations | −$120.0m | −$827.0m | $1.15bn | $33.0m | $19.0m | −$721.0m | $1.11bn | $214.0m |
| Capital spending | −$94.0m | −$68.0m | −$150.0m | −$85.0m | −$82.0m | −$72.0m | −$136.0m | −$87.0m |
| Free cash flow | −$214.0m | −$895.0m | $1.00bn | −$52.0m | −$63.0m | −$793.0m | $970.0m | $127.0m |
| Total assets | $17.33bn | $16.18bn | $16.00bn | $16.89bn | $16.76bn | $16.52bn | $16.30bn | $17.16bn |
| Cash and short-term investments | $1.24bn | $626.0m | $669.0m | $934.0m | $1.07bn | $1.02bn | $1.27bn | $1.08bn |
| Debt | $7.07bn | $6.45bn | $6.52bn | $7.59bn | $7.63bn | $7.30bn | $6.63bn | $7.34bn |
| Shareholders' equity | $3.93bn | $3.78bn | $2.73bn | $2.38bn | $2.32bn | $2.57bn | $2.68bn | $3.04bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.2% | 15.4% | 16.4% | 15.3% | 20.1% | 19.5% |
| Operating margin | 5.3% | 1.0% | 4.9% | -5.3% | 11.4% | 8.4% |
| Net margin | 2.0% | -1.9% | 2.5% | -7.7% | 8.1% | 5.5% |
| Return on equity | 11.6% | -12.0% | 20.4% | -65.0% | 36.8% | 27.7% |
| Return on assets | 2.0% | -2.0% | 2.8% | -8.9% | 8.8% | 5.3% |
| Free cash flow yield | 55.3% | 82.8% | 94.6% | 127.8% | 158.2% | 106.6% |
| Revenue growth | -6.5% | -14.7% | -1.4% | -10.3% | 13.0% | -4.8% |
| Earnings growth | -198.1% | -167.2% | -131.7% | -185.2% | 65.9% | -9.2% |
| Current ratio | 0.76x | 0.72x | 0.89x | 1.08x | 1.14x | 1.10x |
| Debt to equity | 2.39x | 2.47x | 3.06x | 3.26x | 1.08x | 1.38x |
| Equity ratio | 17.0% | 16.5% | 13.6% | 13.6% | 23.9% | 19.0% |
| Interest coverage | 2.41x | 0.47x | 2.69x | -5.46x | 14.33x | 8.66x |
| R&D as a share of sales | 2.4% | 2.4% | 2.4% | 2.4% | 2.2% | 2.3% |
| Buybacks as a share of market value | -1.3% | -0.4% | -0.9% | 10.2% | 4.7% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.7% | -4.4% | -2.9% |
| Operating income | -15.5% | -17.5% | -6.9% |
| Net income | — | -21.7% | -8.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.3% | 15.6% | 17.2% | 16.9% |
| Operating margin | 5.0% | 5.3% | 7.1% | 6.6% |
| Net margin | -0.0% | -1.5% | 1.6% | 2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.8 | -19.6 | 14.0 | -5.1 | 8.0 | 10.7 | 8.0 | -37.8 | 34.9 | 15.6 |
| Price to sales | 0.3 | 0.4 | 0.3 | 0.4 | 0.7 | 0.6 | 0.5 | 0.3 | 0.6 | 0.7 |
Market value over time
30 Nov 2016 to 14 Oct 2026, in USD
$12.49bn$1.80bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -33% | -4% | -14% | -37% | 18% | 27% | 35% | -34% | -7% | 20% |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 27 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.90 | 5.30 | 7.00 | 7.00 | 7.00 | 5.45 | 4.85 | 4.75 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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