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We design and manufacture semiconductors that we sell to electronics designers and manufacturers all over the world. With headquarters in Dallas, Texas, we have design, manufacturing or sales operations in more than 30 countries.
$324.89
+$15.68 (+5.07%)
Price from 8 days ago
Margins and capital returns are both well above average: 34.06% operating margin, ROIC at 17.05%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 13.0%, still solid.
At 56x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
55.5x earnings, 79.8x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$18.44B
▲ +13.0% YoY
Net Income (TTM)
$5.37B
▲ +4.2% YoY
Op. Margin
35.29%
▼ -0.9pp YoY
ROIC
18.62%
▲ +1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.72B
▲ +73.8% YoY
Op. Cash Flow (TTM)
$7.82B
▲ +13.2% YoY
Net Debt
$8.95B
Cash & Equiv.
$5.10B
5Y CAGR: +4.1%
5Y CAGR: -13.9%
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