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
$23.6B
Market cap + debt − cash
Cash
$961M
Q2 FY2026 balance sheet
Debt
$8M
Q2 FY2026 balance sheet
Revenue
$4.5B
FY2026E
Next-year growth
17.7%
FY2027E vs FY2026E
Gross margin
12.2%
Q2 FY2026 reported
Operating margin
10.1%
Q2 FY2026 reported
Forward EV/S
5.2x
Enterprise value divided by forward revenue
Forward EV / op income
51.5x
EV over forward revenue × latest op margin
Price chart
Last 6 months
$685.81
+79.2%
Oct 13, 2025Apr 15, 2026