Business 12 months to Jun 2026 · SEC EDGAR
Results
Operating income
$1.31b
13% margin · −31% YoY
Net income
−$934.2m
-9% margin
Net income is $2.25b below operating income. The difference lies outside operations (gains or losses on investments, interest) and in tax; operating income is the closer read of the business itself.
Cash and balance sheet
Free cash flow
$822.7m
8% of revenue
Net debt
$17.11b
$5.41b cash and securities, $22.52b debt
Diluted shares
270m
+11% YoY
Valuation at today’s market cap
EV / sales
3.9×
enterprise value $39.32b
EV / operating income
30.0×
10-Q filed Aug 5, 2026 ↗