Thesis
Written thesis in progress. We’re starting this library with the live quote, price chart, and financial snapshot first, then adding full commentary name by name.
Valuation and financials
Enterprise value
$29.8B
Market cap + debt − cash
Cash
$1.3B
Q3 FY2026 balance sheet
Debt
$13M
Q3 FY2026 balance sheet
Revenue
$2.6B
FY2028E
Next-year growth
32.1%
FY2029E vs FY2028E
Gross margin
68.5%
Q3 FY2026 reported
Operating margin
36.8%
Q3 FY2026 reported
Forward EV/S
11.5x
Enterprise value divided by forward revenue
Forward EV / op income
31.4x
EV over forward revenue × latest op margin
Price chart
Last 6 months
$168.35
+12.3%
Oct 13, 2025Apr 15, 2026