Lumentum Holdings Inc. logo LITE - Lumentum Holdings Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 16
HOLD 8
SELL 0
STRONG
SELL
0
| PRICE TARGET: $985.82 DETAILS
HIGH: $1,270.00
LOW: $550.00
MEDIAN: $1,014.00
CONSENSUS: $985.82
UPSIDE: 10.28%
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Revenue
Revenue 808.4 665.5 533.8 480.7 425.2 402.2 336.9 308.3 336.9 308.3 317.6 370.8 383.4 506 506.8 422.1 395.4 446.7 448.4 392.1 419.5 478.8 452.4 368.1 402.8 457.8 449.9 404.6 432.9 373.7 354.1 301.1 298.8 404.6 243.2 222.7 255.8 265 258.1 241.7 230.4 218.3 212.6 208.9 198.7 210.5 219 201 213.5 201.7 201.7
Cost of Revenue 451.4 425.4 352.3 320.8 302.7 302.6 259 257 259 257 240.9 281.2 271.4 362.8 314.9 240.4 228.2 239.2 221.8 235.5 240.3 249.2 246.7 238.6 251.2 274.9 288.5 317.8 344.6 248.9 228.1 205.6 201.8 233.5 174.7 155.4 173.7 178 176.4 162.2 167.6 150.2 145.7 145.3 141.6 143.6 148.7 137.2 142.2 138.7 138.7
Gross Profit 357 240.1 181.5 159.9 122.5 99.6 77.9 51.3 77.9 51.3 76.7 89.6 112 143.2 191.9 181.7 167.2 207.5 226.6 156.6 179.2 229.6 205.7 129.5 151.6 182.9 161.4 105.3 88.3 124.8 126 95.5 97 171.1 68.5 67.3 82.1 87 81.7 79.5 62.8 68.1 66.9 63.6 57.1 66.9 70.3 63.8 71.3 63.0 63.0
Operating Expenses
R&D Expenses 90.6 80.1 81.4 79.5 75.9 74.2 74.3 73.2 74.3 73.2 73.5 73.9 85.4 75.8 72.7 56.7 56.7 53.2 54.1 54.1 57.2 52.8 50.4 49 48.7 51 49.9 49.5 57.7 42.8 34.6 38.5 38.2 43.8 36.3 35.4 37.3 38.7 36.9 36.4 35.3 35 34.4 35.7 35 35.1 35 36.6 36 31.1 31.1
SG&A Expenses 90.8 96.1 85.1 83.6 112 76.3 76.3 74.9 76.3 74.9 73 68.3 76.4 85.8 95 69.6 63.8 69 57.7 60.4 59.3 61.3 56.3 48.6 55.2 56.2 50.4 49.4 55.2 62.7 33 32.7 33.2 35.7 26.6 26 28.1 31 25.1 29.5 28 25.8 33.6 38.7 31.8 31.2 28.3 30.3 27.9 25 25
Other Expenses 1.1 (0.4) 8.3 5.2 (27.7) 0.7 9.7 36.6 9.7 36.6 11 3.3 1.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51.8 0 0 0 0 0 0 0 3.1 0 0 5.2 0.4 1.1 0.4 (1.1) (1.1) (1.1) (1.1) 0 0 2.9 2.9
Operating Expenses 182.5 175.8 174.8 168.3 160.2 151.2 160.3 184.7 160.3 184.7 157.5 145.5 163.4 161.6 167.7 126.3 120.5 122.2 111.8 114.5 116.5 114.1 106.7 97.6 103.9 107.2 100.3 98.9 164.7 105.5 67.6 71.2 71.4 79.5 62.9 61.4 68.5 69.7 62 71.1 63.7 61.9 68.4 73.3 65.7 65.2 62.2 66.9 63.9 59.0 59.0
Operating Income
Operating Income 174.5 64.3 6.7 (8.4) (37.7) (51.6) (82.4) (133.4) (82.4) (133.4) (80.8) (55.9) (51.4) (18.4) 24.2 55.4 46.8 85.2 114.8 42.1 62.7 115.3 99 31.9 47.7 75.7 61.1 (13.8) (76.4) 11.5 57.1 20.9 25.5 90.8 2.7 3.9 13.6 13.3 16.8 10.1 (2.3) 6.2 (2.5) (15.7) (10.8) (3.2) 5.2 (6.8) 7.5 4.6 4.6
Interest Expense 6.2 6.3 5.7 5.4 5.7 5.6 5.5 5.4 5.5 5.4 9.7 9.4 8.7 8.9 8.5 26.5 19.7 17.1 16.9 18 16.4 16.3 16 15.9 15.6 18.3 11.4 11.4 11.3 8.5 5.1 4.6 4.6 4.6 4.4 4.4 1.1 0 0.2 (0.1) (0.4) (0.5) (0.2) 0.4 0.4 0.1 0.3 0 0 0 0
Interest Income 14.9 11.6 8.6 8.2 7.8 9 9.4 9.9 9.4 9.9 21.7 16.4 11.9 7.7 4.8 3.8 1.1 0.6 0.6 0.8 1 1.5 2.4 3.2 5.2 3.4 4 3.9 3.9 3.4 2.7 2.8 2.5 1.7 1.5 0.3 0 0 0 0 0 0 0 0 0 0 0 1.5 1.4 0.1 0.1
Profitability
EBITDA 256.6 167.4 73.1 55.1 26.6 28.2 (3.1) (22.9) (3.1) (22.9) (2.4) 42.7 17.7 44.3 84 105.2 90.6 128.3 158.3 89.6 314.1 159.1 144.1 77.2 111.7 115.3 118.5 35.4 (10.5) 57.4 78.2 53.8 26.5 118.9 25.4 (6.7) (27.4) 32.8 8 18.6 12.6 21.2 12 1.1 3.2 13.4 19.4 4.8 19.8 15.6 15.6
EBIT 190 102.8 10.9 (6) (33.5) (36.7) (73.7) (122.1) (73.7) (122.1) (59.6) (36) (40) (18.2) 27.3 63.6 49 86.2 116.5 46.5 269.3 114.4 99.6 30.5 64.2 68 64.8 (9.7) (71.2) 26.2 57.7 32.3 7.3 100.1 7.9 (23.2) (43.3) 17.9 (5.7) 4.5 (0.5) 7.3 (1.5) (11.8) (9.3) 1.1 7 (6.9) 8.6 4.6 4.6
Income Before Tax 183.8 96.5 5.2 (11.4) (39.2) (42.3) (79.2) (127.5) (79.2) (127.5) (69.3) (45.4) (48.7) (27.1) 18.8 37.1 29.3 69.1 99.6 28.5 252.9 98.1 83.6 14.6 48.6 57.7 53.4 (21.1) (82.5) 17.7 52.6 27.7 2.7 95.5 3.5 (27.6) (44.4) 17.9 (5.7) 14.4 (7.5) 3.3 (0.5) (16) (11.2) (3.3) 4.9 (7) 8.9 4.0 4.0
Income Tax Expense 39.6 18.3 1 (224.7) 4.9 18.6 3.2 125 3.2 125 (1.4) 14.8 (9.4) 4.6 19.2 2.4 3.3 12.4 18.1 7 27.4 14.9 16.5 19.2 5.2 8.6 5.8 4.7 (8.2) 1.4 5.2 (5.8) 0 (109.3) (3.6) 27.3 11.6 6.1 (2.3) 0.1 0.1 0.5 (0.1) 0.9 (23.4) 0.8 0.6 (0.3) 0.2 (0.4) (0.4)
Net Income 144.2 78.2 4.2 213.3 (44.1) (60.9) (82.4) (252.5) (82.4) (252.5) (67.9) (60.2) (39.3) (31.7) (0.4) 34.7 26 56.7 81.5 21.5 225.5 83.2 67.1 (4.6) 43.4 49.1 47.6 (25.8) (74.3) 16.3 47.4 33.5 2.7 204.8 7.1 (54.9) (56) 11.8 (3.4) 14.3 (7.6) 2.8 (0.4) (16.9) 12.2 (4.1) 4.3 (6.7) 8.7 4.3 4.3
Per Share Data
EPS (Basic) 1.99 1.10 0.06 3.06 -0.64 -0.88 -1.21 -3.72 -1.21 -3.72 -1.02 -0.88 -0.57 -0.46 -0.01 0.50 0.37 0.78 1.12 0.29 2.97 1.10 0.89 -0.06 0.58 0.64 0.62 -0.34 -0.98 0.24 0.73 0.52 0.04 3.21 0.11 -0.90 -0.92 0.19 -0.06 0.24 -0.13 0.01 -0.01 -0.29 0.21 -0.07 0.07 -0.12 0.15 0.07 0.07
EPS (Diluted) 1.50 0.89 0.05 2.96 -0.64 -0.88 -1.21 -3.72 -1.21 -3.72 -1.02 -0.88 -0.57 -0.46 -0.01 0.49 0.35 0.75 1.08 0.28 2.85 1.06 0.86 -0.06 0.56 0.63 0.61 -0.34 -0.98 0.08 0.72 0.40 0.04 3.05 0.04 -0.90 -0.92 0.19 -0.06 0.23 -0.13 0.01 -0.01 -0.29 0.21 -0.07 0.07 -0.12 0.15 0.07 0.07
Shares Outstanding 71.5 71.1 70.3 69.6 69.3 68.9 68.3 67.8 68.3 67.8 66.7 68.3 68.6 68.3 68.1 68.9 71 72.3 72.7 74.8 75.8 75.6 75.3 75 74.8 76.8 76.9 76.5 75.8 66.8 63.1 62.7 62.4 62.2 61.7 61.2 61 60.3 59.9 59.4 59.2 59 58.8 58.4 58 58.6 58 58 58 58 58
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q1
Current Assets
Cash & Cash Equivalents 2,617.8 657.7 772.9 520.7 516.4 479.7 489.2 436.7 425 469.3 861.6 859 549.2 592.1 605.3 1,290.2 1,130.3 552 611 774.3 687.7 321.3 269.5 298 688.3 1,085 539 432.6 357.3 371.3 459.4 397.3 176.8 202.1 150.8 272.9 577.9 155.9 166.8 157.1 157.2 161.9 142.1 14.5 10.6 19.5 (19.9) 19.9 (7.8)
Short-Term Investments 554.5 497.6 348.9 356.4 350.3 417 426.9 450.3 445.9 754.7 1,082.7 1,154.6 1,118 1,088.3 1,019.6 1,258.8 1,433.8 1,470.4 1,273.6 1,171.7 1,366.9 1,379 1,341.2 1,255.8 763.1 230.6 291.9 335.9 340.2 312.8 274.9 314.2 516 422.4 381.7 282.4 0 0 0 0 0 0 0 0 0 0 39.8 0 15.6
Net Receivables 452.5 376.8 307 250 255.7 226.9 198.5 194.7 229.8 248.3 220 246.1 278 330.5 340.5 262 242.2 239.2 263.2 212.8 224.8 276.7 263.6 233.5 303.1 343.6 339.6 238 329.7 266.5 239.6 201.4 164.7 222.1 173.8 166.3 185.4 192.5 156.5 170.5 163.5 160.1 161.4 150.5 155.2 149.1 0 136.5 0
Inventory 632.8 570.4 531.6 470.1 422.9 402.3 403.3 398.4 420.7 471.7 428 408.6 410.2 366.9 366.2 250.1 224 208.1 207 196.4 210.7 207.1 212.6 188.9 172.7 179.6 202.2 228.8 272.2 303.2 136.6 153.6 144.2 147.3 147.2 145.2 116.9 121 103.7 100.6 107.2 107.3 102.9 99.7 97 95 0 96.5 0
Other Current Assets 138.1 180.7 125.2 120.1 122 125.5 118.3 110 128.6 118.1 99.4 0 108.2 114.8 0 0 0 0 0 0 0 0 0 0 6.1 13.3 7.2 0 81.6 63.7 34.6 2.7 23.9 38.4 41 40.7 42.5 37.9 11.5 42.6 17.5 12.2 10.4 16.2 12.8 11 0 9.1 0
Total Current Assets 4,395.7 2,283.2 2,085.6 1,717.3 1,667.3 1,651.4 1,636.2 1,590.1 1,650 2,062.1 2,691.7 2,777.9 2,463.6 2,492.6 2,438.4 3,139.2 3,100.6 2,540.1 2,423 2,436.8 2,569.8 2,266.2 2,166.7 2,050 1,963 1,883 1,423.2 1,332.8 1,418.1 1,356.9 1,181.1 1,127.2 1,064.7 1,053.8 922.5 930.3 941.6 527.6 489.3 489.5 483.3 478.7 453.7 310.8 305.6 302.5 19.9 286 7.8
Non-Current Assets
Property, Plant & Equipment 991.3 843.1 825.3 754.3 725.5 696.3 674.1 645.3 655.4 663.6 580.4 566.8 564.4 572.6 567.4 434.1 430.7 434.7 428.4 428.5 448.3 457.6 468.1 471.7 491.8 505.7 524.9 433.3 390.6 444.7 318.6 306.9 301.8 301.3 293.7 273.5 246.6 219.6 196 183.4 168.1 151.4 141.5 143.2 132.2 133.8 0 136.5 0
Goodwill 1,066.3 1,060.9 1,060.9 1,060.9 1,060.9 1,060.9 1,060.9 1,055.8 1,055.9 1,054.6 695.1 695.1 696.2 698.2 693.7 368.9 368.9 368.9 368.9 368.9 368.9 368.9 368.9 368.9 368.9 368.9 368.9 368.9 359.8 344.7 11.3 11.3 11.8 11.6 11.5 11.4 10.8 5.2 5.4 5.4 5.5 5.5 5.3 5.6 5.5 5.4 0 5.9 0
Intangible Assets 362.9 396.7 430.7 465.1 499.8 534.9 573.9 617.5 688.5 730.6 435.2 459.2 498.4 539.9 576 155.7 176.9 198.3 219.8 241.2 263.2 285.2 296.1 316.8 338 358 376.6 395.4 412.3 445 6.3 7 8.1 8.8 9.5 10.1 11.5 10.8 12.7 14.5 16.4 18.1 20 21.8 23.6 25.3 0 29.9 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 13.8 15.3 6 10.8 8.8 11.6 12 12.5 15.5 14.9 14.6 16.8 15.2 14.7 11.4 37.3 36.7 6.5 6 3.3 5.8 5.4 6 4 4.3 4.5 4.6 16.6 18.4 21 5.7 3.5 3.6 3.5 3.6 3.7 2.9 2.7 2.5 1.6 1.5 0.6 0.3 0.9 0.7 0.3 (19.9) 0.5 (7.8)
Total Non-Current Assets 2,632.2 2,522.1 2,527.5 2,501.4 2,307.7 2,314.7 2,333.4 2,341.8 2,554.5 2,593.9 1,853.3 1,854.2 1,890.4 1,925.5 1,949 1,023 1,032.9 1,075.6 1,096 1,114.8 1,176.1 1,202 1,220.7 1,242.6 1,305.7 1,338.2 1,444.6 1,383.8 1,353.3 1,439.7 463.9 454.3 453.5 453.6 325.9 302.6 302.9 269.1 248.2 236.8 221.6 203.3 196 201.8 190.1 194.2 (19.9) 206.1 (7.8)
Total Assets 7,027.9 4,805.3 4,613.1 4,218.7 3,975 3,966.1 3,969.6 3,931.9 4,204.5 4,656 4,545 4,632.1 4,354 4,418.1 4,387.4 4,162.2 4,133.5 3,615.7 3,519 3,551.6 3,745.9 3,468.2 3,387.4 3,292.6 3,268.7 3,221.2 2,867.8 2,716.6 2,771.4 2,796.6 1,645 1,581.5 1,518.2 1,507.4 1,248.4 1,232.9 1,244.5 796.7 737.5 726.3 704.9 682 649.7 512.6 495.7 496.7 0 492.1 0
Current Liabilities
Account Payables 392.7 347.4 278.6 225.2 195.2 184.7 163.1 126.3 133.4 163 134.6 169.4 198.7 205.6 205.7 156.7 126.8 118.2 101.6 116.9 104.7 111.3 146 150.8 144.6 143.7 152.2 160.8 204.1 199.2 127.6 126.5 100.9 113 111.6 114.8 118.4 127.8 108.3 118.3 111.7 95.2 83 77.9 74 79.3 0 82.1 0
Short-Term Debt 3,238.6 3,252.9 1,091.2 10.6 10.3 9.8 10.8 0 0 319.7 315.7 311.6 426.2 420.7 420.2 409.9 406.1 401 395.8 390.7 385.3 380.3 0 0 0 0 6.2 5 5 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 7.3 2.1 2.7 0.7 0.7 0.7 0.6 0.6 0.8 0.9 1.6 2.1 3.4 0 0 0 0 0 0 0.6 1.8 0.5 2 1.9 1.7 1.8 2.5 2.9 4.2 3.9 2.6 2.8 2.5 6.6 4.9 6.9 4.6 5.7 0 2.7 0 0 0 0 0 0 0 0 0
Other Current Liabilities 31.2 67.7 56.6 20.8 20.2 19.6 18.8 16.2 17.4 16.2 9.7 12.7 13.8 16.6 18.2 13.4 14.4 13.1 9.1 8 7.8 8.4 10.5 7.8 8.2 18.6 12.7 5.1 11.8 5.6 4.8 2.8 2.3 3.4 1.5 2.2 1.2 1 3.9 1.1 4.2 4.4 2.6 4.8 4.4 4.7 0 3.8 0
Total Current Liabilities 3,865.3 3,767.6 1,526.2 392.8 353 346.9 305.1 269.3 317.6 658.4 593.7 633.8 768.9 814.3 802.8 716.5 660.7 656.7 611.7 664.6 674.2 647.3 293.4 283 286.7 304.2 316.8 294 358 325.5 213.9 214 191.5 217.7 177.2 184.2 192.1 202 163.5 173.7 169 157.4 132.6 122.1 106.6 137.1 0 136.9 0
Non-Current Liabilities
Long-Term Debt 43.2 69.8 2,164.5 2,562.6 2,562.4 2,561.2 2,569.2 2,503.2 2,502.4 2,501.7 2,500.9 2,500 1,900.8 1,900.3 1,899.5 1,466.1 1,447.6 810.3 800 789.8 778.9 769.1 1,134.7 1,120.3 1,106 1,092 839.6 835.9 832.3 828.7 338.5 334.2 329.9 325.7 321.6 317.5 313.4 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 73 66 6 7.2 39.4 45.4 53.4 55.7 61.7 67.6 12.7 3.4 17.5 25.8 24.8 12.9 17.5 29 35.5 35.9 31.6 36.7 48.4 46.5 49 47.9 52.7 55.9 55.8 56.1 0 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 53.6 32.6 111.1 97.8 114.9 114.2 116.2 103.4 98.8 97.6 85.7 91.4 75.7 77.1 75.9 42.9 42.8 42 42.9 40.9 45.7 38.1 38.8 36 33.6 32.8 31.7 31.5 18.9 23.6 70.8 68.1 80.5 57.5 66.8 73.3 231.4 39.3 41 17.8 21.6 16.4 14.7 8.1 4.4 14.8 0 17.3 0
Total Non-Current Liabilities 189.2 191.1 2,306.1 2,691.2 2,742.5 2,746.9 2,768.6 2,705.3 2,710.2 2,719.8 2,640.5 2,642.5 2,047.1 2,060.2 2,058.2 1,570.7 1,560.7 937.1 935.9 914.2 906.7 899 1,277.9 1,260.4 1,247.8 1,235.4 989.7 925.5 909.5 911.4 411.8 405.6 414.3 389.6 394.3 394.1 548 42.5 42.5 19.4 23.4 17.9 16.3 9.8 6.2 16.7 0 19.6 0
Total Liabilities 4,054.5 3,958.7 3,832.3 3,084 3,095.5 3,093.8 3,073.7 2,974.6 3,027.8 3,378.2 3,234.2 3,276.3 2,816 2,874.5 2,861 2,287.2 2,221.4 1,593.8 1,547.6 1,578.8 1,580.9 1,546.3 1,571.3 1,543.4 1,534.5 1,539.6 1,306.5 1,219.5 1,267.5 1,236.9 625.7 619.6 605.8 607.3 571.5 578.3 740.1 244.5 206 193.1 192.4 175.3 148.9 131.9 112.8 153.8 0 156.5 0
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 368.1 369.4 326.4 0 312.9 0
Retained Earnings (634.6) (778.8) (857) (861.2) (1,074.5) (1,030.4) (969.5) (887.1) (634.6) (507.6) (408.5) (340.6) (140.6) (101.3) (69.6) (129.1) (60.5) 237.5 210.7 220.9 440.4 214.9 131.7 64.6 69.2 25.8 176.7 129.1 154.9 229.2 213 166.4 133.2 130.7 (73.9) (83.2) (28) 28.2 16.6 20.2 6.2 14 11.4 0 0 0 0 0 0
Accumulated Other Comprehensive Income 7 9.4 19.8 9 11.1 10.2 11.6 9.3 8.8 9.2 5.2 4.1 7.1 3.4 (0.2) 0.4 (1.2) 6.2 8.5 8.2 5.7 6 6.4 7.9 5.8 7 7.2 7.1 7.5 6.2 6.9 6.4 7.3 8.7 9.2 7.4 6.7 4.8 8.5 9.4 9.3 5.5 7 12.5 13.5 16.5 335.6 22.7 275.5
Total Stockholders' Equity 2,973.4 846.6 780.8 1,134.7 879.5 872.3 895.9 957.3 1,176.7 1,277.8 1,310.8 1,355.8 1,538 1,543.6 1,526.4 1,875 1,912.1 2,021.9 1,971.4 1,972.8 2,165 1,921.9 1,816.1 1,749.2 1,734.2 1,681.6 1,561.3 1,497.1 1,503.9 1,559.7 1,019.3 961.9 912.4 900.1 676.9 654.6 504.4 552.2 531.5 533.2 512.5 506.7 500.8 380.7 382.9 342.9 335.6 335.6 275.5
Total Liabilities & Equity 7,027.9 4,805.3 4,613.1 4,218.7 3,975 3,966.1 3,969.6 3,931.9 4,204.5 4,656 4,545 4,632.1 4,354 4,418.1 4,387.4 4,162.2 4,133.5 3,615.7 3,519 3,551.6 3,745.9 3,468.2 3,387.4 3,292.6 3,268.7 3,221.2 2,867.8 2,716.6 2,771.4 2,796.6 1,645 1,581.5 1,518.2 1,507.4 1,248.4 1,232.9 1,244.5 796.7 737.5 726.3 704.9 682 649.7 512.6 495.7 496.7 335.6 492.1 275.5
Debt Metrics
Total Debt 3,313.7 3,345.4 3,280.2 2,608.2 2,609.8 2,608.3 2,621.7 2,559.6 2,563.5 2,888.8 2,869.6 2,873.7 2,394.5 2,392 2,391.3 1,936 1,918.5 1,279.4 1,265 1,239.9 1,226.6 1,215.6 1,201.9 1,189.3 1,180.6 1,173.5 932.9 841.3 838.2 837.9 343.9 341.9 339.9 337.9 328.9 317.5 313.4 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt 695.9 2,687.7 2,507.3 2,087.5 2,093.4 2,128.6 2,132.5 2,122.9 2,138.5 2,419.5 2,008 2,014.7 1,845.3 1,799.9 1,786 645.8 788.2 727.4 654 465.6 538.9 894.3 932.4 891.3 492.3 88.5 393.9 408.7 480.9 466.6 (115.5) (55.4) 163.1 135.8 178.1 44.6 (264.5) (155.9) (166.8) (157.1) (157.2) (161.9) (142.1) (14.5) (10.6) (19.5) 19.9 (19.9) 7.8
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Operating Activities
Net Income 144.2 78.2 4.2 213.3 (44.1) (60.9) (82.4) (252.5) (127) (99.1) (67.9) (60.2) (39.3) (31.7) (0.4) 34.7 26 56.7 81.5 21.5 225.5 83.2 67.1 (4.6) 43.4 49.1 47.6 (25.8) (74.3) 16.3 47.4 33.5 2.7 204.8 7.1 (54.9) (56) 11.8 (3.4) 14.3 (7.6) 2.8 (0.2) (16.9) 15.7 (6.5) 4.3 (6.7) 8.7 4.3 4.3
Depreciation & Amortization 66.6 63.8 63 61.1 60.1 64.9 70.6 69.7 69.1 69.6 57.2 78.7 57.7 62.5 56.7 41.6 41.6 42.1 41.8 43.1 44.8 44.7 44.5 72.6 61.5 44 53.7 45.1 60.7 31.2 20.5 21.5 19.2 19 17.5 16.5 15.9 14.9 13.7 14.1 13.1 13.9 13.5 12.9 13.1 12.6 12.4 11.7 11.2 10.9 10.9
Stock-Based Compensation 41.6 45.4 42.4 40 62.8 38.8 35.6 30.5 31.6 34.6 32.1 32.1 33.1 36.6 46.6 27.7 23.3 27.3 24.8 24.2 25.1 24.1 19.5 17.1 19.2 20.2 16.7 14.2 16 19.7 10.8 11.7 11 14.8 9.3 8 8 9 7.7 4.4 8.2 6.3 6 4.6 4.6 4.1 4.9 4.6 5 6.3 6.3
Change in Working Capital (46.8) 75.6 (54.6) (254.8) (57.8) (11.8) 9.9 157.9 12.4 22.6 (24.3) 7.9 (55.6) 1.6 (90.5) (16.7) (35.7) 61.3 (99.5) 21.6 67.4 (44.8) (42.7) 14.8 32 29.8 (39.1) 49.1 (9.5) 40.4 (27.9) (25.8) 37.1 (6.2) (24.2) 8.1 (6.8) (8.8) (4.4) (15.3) 1.9 16.7 (6.7) 13.2 (52.3) 5.8 (21.1) (7.1) 5.9 (11.3) (11.3)
Other Non-Cash Items (1.8) (137.7) 2.9 4.4 (22.6) (6.7) 5.9 51.8 (12.7) (29.2) (0.8) (24.1) 19 25.9 8.4 27 21.4 18.8 18.6 18.9 18.3 17.5 15.4 22.8 (4.3) 8.3 6.8 42.9 19.2 5.7 4.3 4.4 4.3 4.2 3.5 8.6 55.3 (7.7) 22.5 (6.3) 4.9 2.7 (2.2) (2.7) (1.2) 3.2 (0.1) 1 (0.5) 4.2 4.2
Operating Cash Flow 203.8 126.7 57.9 64 (1.6) 24.3 39.6 35.5 (7) (1.5) (2.3) 49.2 14.9 94.9 20.8 114.3 76.6 206.5 61.9 124.2 381.3 128.5 104.7 122.7 151.8 162.3 87.5 127.7 42.8 102.4 57.2 37.6 95.1 105.1 9.7 13.1 16.4 19.2 36.3 13.1 20.5 42.4 10.6 13 (20.1) 16 0.4 3.5 30.3 14.5 14.5
Investing Activities
Capital Expenditure (124.7) 76.2 (76.2) (53.9) (62.8) (40.2) (74.1) (24.6) (16.6) (31) (60.8) (36.3) (29.4) (39.9) (22.9) (28.6) (18.6) (26.1) (17.9) (18.4) (15.9) (24.2) (26.3) (21.1) (18.5) (25.7) (21.7) (85.5) (26.6) (24.3) (29.6) (20.3) (22.7) (17.2) (33) (38.1) (35.7) (35.4) (28.9) (18.6) (27.7) (21.8) (13.9) (18.4) (10.7) (10.8) (13.8) (21.2) (13.9) (14.6) (14.6)
Acquisitions 1.5 0 0 0 47.9 0 0.2 0 0.6 (700.7) 0 0.2 0 (0.7) (860.8) 0 0.4 0.1 5.9 23.3 0 0.8 0.5 0 0 2.5 0 0 0 (619.8) 0 0 0 0 0 0 (5.1) 0 0 0 0 0 0 0.2 (0.2) 0 0 0 (12.8) 0 0
Purchases of Investments (121.7) (199.2) (58.3) (85.7) (89.8) (126.5) (63.9) (60) (34.4) (35.2) (149.1) (309.5) (393) (248.3) (79.5) (138.3) (298.8) (392.1) (255.9) (475.3) (563.5) (460.7) (491.5) 0 0 0 (51.3) (73.6) (96) (94.2) (5.9) (49.2) (178) (178.8) (228.3) (290.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 63 51.3 66.7 80.2 157.8 136 90.7 57.1 344.7 372 227.7 274.7 370.4 184.4 316.6 309.6 323.8 189.2 151 667.7 572.1 419.1 403.3 0 0 61.3 95.7 79.2 70.3 56.4 45.7 251.2 83.1 137.4 128.8 8.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (159.7) 0 0 0 0 0 0 (4) 0 0 0 0 0 0 0 (30) 0 0 0 0 0 0 (488.7) (517.2) 0 0 25.5 0 0 0 0 0 0 0 0 0 0 0 0.2 0 0 0 0.2 (0.3) 0.1 0 0 (12.8) 0.1 0.1
Investing Cash Flow (181.9) (231.4) (67.8) (59.4) 53.1 (30.7) (47.1) (27.5) 290.3 (394.9) 17.8 (70.9) (52) (104.5) (646.6) 142.7 (23.2) (228.9) (116.9) 197.3 (7.3) (75) (114) (509.8) (535.7) 36.1 21.7 (54.4) (52.9) (681.9) 9.5 181.7 (117.6) (58.6) (132.5) (320.6) (40.8) (35.4) (28.9) (18.6) (27.7) (21.8) (13.9) (18) (11) (10.7) (13.8) (21.2) (26.7) (14.5) (14.5)
Financing Activities
Net Debt Issuance (5.2) 44.4 410 (2.7) (2.5) (2.5) 76.1 0 (323.1) 0 0 466.6 0 (5) (0.9) (2.5) 854.8 0 0 (0.1) (0.1) (0.1) (0.2) (3.5) (3.9) 542.4 (2.8) (3.9) (3) 488.7 (2.3) (2.9) (2.3) 0 (1.2) (0.9) 443.2 0 0 0 0 0 (2.3) 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 (47.4) 0 0 0 0 (3.4) 0 (3.2) (12.9) (139.8) (6.7) (4.3) (35.8) (95.3) (322) (34.9) (91.7) (236) 0 (7.1) 0 (5.4) (8.6) (200) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) (0.4) 0 (0.5) 0 (0.2) (0.3) (0.2) (0.2) (0.2) (0.2) 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 45.2 (62.1) (100.5) 10.7 (20.6) 0.3 (17) 7.1 (4.5) 7.3 0 4.7 0.9 5.7 (22.4) 0.7 (7.9) (1.7) (16.6) 1.2 (7.6) 5.5 (19.1) 5.2 0.2 4.9 0 4.6 0 2.3 (1) 4.8 0 4.4 0 (5.1) 2.3 6.6 0 5.2 1.3 (0.6) 133 8.9 22 0.2 9 20.3 (1.2) 3.5 3.5
Financing Cash Flow 1,938.2 (10.5) 262.1 (0.3) (14.8) (3.1) 60 3.7 (327.6) 4.1 (12.9) 331.5 (5.8) (3.6) (59.1) (97.1) 524.9 (36.6) (108.3) (234.9) (7.6) (1.7) (19.2) (3.7) (12.3) 347.6 (2.8) 1 (2.9) 491.6 (4.6) 1.9 (2.8) 4.4 0.3 2 445.7 6.7 2.3 5 1.3 (0.6) 130.7 8.9 22.6 0.2 9 20.3 (1.2) 3.5 3.5
Cash Position
Net Change in Cash 1,960.1 (115.2) 252.2 4.3 36.7 (9.5) 52.5 11.7 (44.3) (392.3) 2.6 309.8 (42.9) (13.2) (684.9) 159.9 578.3 (59) (163.3) 86.6 366.4 51.8 (28.5) (390.8) (396.2) 546 106.4 74.3 (13) (88.1) 62.1 220.5 (25.3) 51.3 (122.1) (305) 422 (10.9) 9.7 (0.1) (4.7) 19.8 127.6 3.9 (8.9) 4.7 (5.1) 3 2.5 3.3 3.3
Cash at Beginning 657.7 772.9 520.7 516.4 479.7 489.2 436.7 425 469.3 861.6 859 549.2 592.1 605.3 1,290.2 1,130.3 552 611 774.3 687.7 321.3 269.5 298 688.8 1,085 539 432.6 358.3 371.3 459.4 397.3 176.8 202.1 150.8 272.9 577.9 155.9 166.8 157.1 157.2 161.9 142.1 14.5 10.6 19.5 14.8 19.9 16.9 14.4 11.1 0
Cash at End 2,617.8 657.7 772.9 520.7 516.4 479.7 489.2 436.7 425 469.3 861.6 859 549.2 592.1 605.3 1,290.2 1,130.3 552 611 774.3 687.7 321.3 269.5 298 688.8 1,085 539 432.6 358.3 371.3 459.4 397.3 176.8 202.1 150.8 272.9 577.9 155.9 166.8 157.1 157.2 161.9 142.1 14.5 10.6 19.5 14.8 19.9 16.9 14.4 3.3
Free Cash Flow 79.1 202.9 (18.3) 10.1 (64.4) (15.9) (34.5) 10.9 (23.6) (32.5) (63.1) 12.9 (14.5) 55 (2.1) 85.7 58 180.4 44 105.8 365.4 104.3 78.4 101.6 133.3 136.6 65.8 42.2 16.2 78.1 27.6 17.3 72.4 87.9 (23.3) (25) (19.3) (16.2) 7.4 (5.5) (7.2) 20.6 (3.3) (5.4) (30.8) 5.2 (13.4) (17.7) 16.4 (0.1) (0.1)
Key Metrics 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Income Statement
Revenue 808.4 665.5 533.8 480.7 425.2 402.2 336.9 308.3 336.9 308.3 317.6 370.8 383.4 506 506.8 422.1 395.4 446.7 448.4 392.1 419.5 478.8 452.4 368.1 402.8 457.8 449.9 404.6 432.9 373.7 354.1 301.1 298.8 404.6 243.2 222.7 255.8 265 258.1 241.7 230.4 218.3 212.6 208.9 198.7 210.5 219 201 213.5 201.7 201.7
Gross Profit 357 240.1 181.5 159.9 122.5 99.6 77.9 51.3 77.9 51.3 76.7 89.6 112 143.2 191.9 181.7 167.2 207.5 226.6 156.6 179.2 229.6 205.7 129.5 151.6 182.9 161.4 105.3 88.3 124.8 126 95.5 97 171.1 68.5 67.3 82.1 87 81.7 79.5 62.8 68.1 66.9 63.6 57.1 66.9 70.3 63.8 71.3 63.0 63.0
Operating Income 174.5 64.3 6.7 (8.4) (37.7) (51.6) (82.4) (133.4) (82.4) (133.4) (80.8) (55.9) (51.4) (18.4) 24.2 55.4 46.8 85.2 114.8 42.1 62.7 115.3 99 31.9 47.7 75.7 61.1 (13.8) (76.4) 11.5 57.1 20.9 25.5 90.8 2.7 3.9 13.6 13.3 16.8 10.1 (2.3) 6.2 (2.5) (15.7) (10.8) (3.2) 5.2 (6.8) 7.5 4.6 4.6
Net Income 144.2 78.2 4.2 213.3 (44.1) (60.9) (82.4) (252.5) (82.4) (252.5) (67.9) (60.2) (39.3) (31.7) (0.4) 34.7 26 56.7 81.5 21.5 225.5 83.2 67.1 (4.6) 43.4 49.1 47.6 (25.8) (74.3) 16.3 47.4 33.5 2.7 204.8 7.1 (54.9) (56) 11.8 (3.4) 14.3 (7.6) 2.8 (0.4) (16.9) 12.2 (4.1) 4.3 (6.7) 8.7 4.3 4.3
EPS (Diluted) 1.50 0.89 0.05 2.96 -0.64 -0.88 -1.21 -3.72 -1.21 -3.72 -1.02 -0.88 -0.57 -0.46 -0.01 0.49 0.35 0.75 1.08 0.28 2.85 1.06 0.86 -0.06 0.56 0.63 0.61 -0.34 -0.98 0.08 0.72 0.40 0.04 3.05 0.04 -0.90 -0.92 0.19 -0.06 0.23 -0.13 0.01 -0.01 -0.29 0.21 -0.07 0.07 -0.12 0.15 0.07 0.07
Balance Sheet
Cash & Equivalents 2,617.8 657.7 772.9 520.7 516.4 479.7 489.2 436.7 425 469.3 861.6 859 549.2 592.1 605.3 1,290.2 1,130.3 552 611 774.3 687.7 321.3 269.5 298 688.3 1,085 539 432.6 357.3 371.3 459.4 397.3 176.8 202.1 150.8 272.9 577.9 155.9 166.8 157.1 157.2 161.9 142.1 14.5 10.6 19.5 (19.9) 19.9 (7.8)
Total Assets 7,027.9 4,805.3 4,613.1 4,218.7 3,975 3,966.1 3,969.6 3,931.9 4,204.5 4,656 4,545 4,632.1 4,354 4,418.1 4,387.4 4,162.2 4,133.5 3,615.7 3,519 3,551.6 3,745.9 3,468.2 3,387.4 3,292.6 3,268.7 3,221.2 2,867.8 2,716.6 2,771.4 2,796.6 1,645 1,581.5 1,518.2 1,507.4 1,248.4 1,232.9 1,244.5 796.7 737.5 726.3 704.9 682 649.7 512.6 495.7 496.7 0 492.1 0
Total Debt 3,313.7 3,345.4 3,280.2 2,608.2 2,609.8 2,608.3 2,621.7 2,559.6 2,563.5 2,888.8 2,869.6 2,873.7 2,394.5 2,392 2,391.3 1,936 1,918.5 1,279.4 1,265 1,239.9 1,226.6 1,215.6 1,201.9 1,189.3 1,180.6 1,173.5 932.9 841.3 838.2 837.9 343.9 341.9 339.9 337.9 328.9 317.5 313.4 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 2,973.4 846.6 780.8 1,134.7 879.5 872.3 895.9 957.3 1,176.7 1,277.8 1,310.8 1,355.8 1,538 1,543.6 1,526.4 1,875 1,912.1 2,021.9 1,971.4 1,972.8 2,165 1,921.9 1,816.1 1,749.2 1,734.2 1,681.6 1,561.3 1,497.1 1,503.9 1,559.7 1,019.3 961.9 912.4 900.1 676.9 654.6 504.4 552.2 531.5 533.2 512.5 506.7 500.8 380.7 382.9 342.9 335.6 335.6 275.5
Cash Flow
Operating Cash Flow 203.8 126.7 57.9 64 (1.6) 24.3 39.6 35.5 (7) (1.5) (2.3) 49.2 14.9 94.9 20.8 114.3 76.6 206.5 61.9 124.2 381.3 128.5 104.7 122.7 151.8 162.3 87.5 127.7 42.8 102.4 57.2 37.6 95.1 105.1 9.7 13.1 16.4 19.2 36.3 13.1 20.5 42.4 10.6 13 (20.1) 16 0.4 3.5 30.3 14.5 14.5
Capital Expenditure (124.7) 76.2 (76.2) (53.9) (62.8) (40.2) (74.1) (24.6) (16.6) (31) (60.8) (36.3) (29.4) (39.9) (22.9) (28.6) (18.6) (26.1) (17.9) (18.4) (15.9) (24.2) (26.3) (21.1) (18.5) (25.7) (21.7) (85.5) (26.6) (24.3) (29.6) (20.3) (22.7) (17.2) (33) (38.1) (35.7) (35.4) (28.9) (18.6) (27.7) (21.8) (13.9) (18.4) (10.7) (10.8) (13.8) (21.2) (13.9) (14.6) (14.6)
Free Cash Flow 79.1 202.9 (18.3) 10.1 (64.4) (15.9) (34.5) 10.9 (23.6) (32.5) (63.1) 12.9 (14.5) 55 (2.1) 85.7 58 180.4 44 105.8 365.4 104.3 78.4 101.6 133.3 136.6 65.8 42.2 16.2 78.1 27.6 17.3 72.4 87.9 (23.3) (25) (19.3) (16.2) 7.4 (5.5) (7.2) 20.6 (3.3) (5.4) (30.8) 5.2 (13.4) (17.7) 16.4 (0.1) (0.1)