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
$21.8B
Market cap + debt − cash
Cash
$232M
Q2 FY2026 balance sheet
Debt
$699M
Q2 FY2026 balance sheet
Revenue
$3.8B
FY2028E
Next-year growth
4.4%
FY2029E vs FY2028E
Gross margin
30.0%
Q2 FY2026 reported
Operating margin
21.3%
Q2 FY2026 reported
Forward EV/S
5.8x
Enterprise value divided by forward revenue
Forward EV / op income
27.0x
EV over forward revenue × latest op margin
Price chart
Last 6 months
$428.67
+77.1%
Oct 13, 2025Apr 15, 2026