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Our Company We are a Silicon Valley-based provider of total IT solutions which address demanding workloads from the enterprise and cloud to the intelligent edge. We deliver rack-scale solutions optimized for various workloads, including artificial intelligence ( AI ) and high-performance computing ( HPC ), where acceleration is critical.
$46.88
+$0.79 (+1.71%)
Price from 2 days ago
Operating margin is thin at 5.70%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 46.6%, still solid. Margins contracted 2.4pp, which offsets some of the top-line progress.
ROIC dropped from 24.33% to 11.92%, capital efficiency is deteriorating.
24.5x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$33.70B
▲ +46.6% YoY
Net Income (TTM)
$1.25B
▼ -9.0% YoY
Op. Margin
4.48%
▼ -2.4pp YoY
ROIC
10.33%
▼ -12.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$6.85B
▲ +158.7% YoY
Op. Cash Flow (TTM)
-$6.69B
▲ +166.8% YoY
Net Debt
$3.75B
Cash & Equiv.
$1.29B
5Y CAGR: +45.8%
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