QRVO Qorvo, Inc. - Common Stock
About Qorvo, Inc. - Common Stock Company overview from Wikipedia
Qorvo, Inc. is an American multinational company specializing in products for wireless, wired, and power markets. The company was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015. It trades on Nasdaq under the ticker symbol QRVO. The headquarters for the company originally were in both Hillsboro, Oregon, and Greensboro, North Carolina, but in mid-2016 the company began referring to its North Carolina site as its exclusive headquarters.
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Qorvo, Inc. is an American multinational company specializing in products for wireless, wired, and power markets. The company was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015. It trades on Nasdaq under the ticker symbol QRVO. The headquarters for the company originally were in both Hillsboro, Oregon (home of TriQuint), and Greensboro, North Carolina (home of RFMD), but in mid-2016 the company began referring to its North Carolina site as its exclusive headquarters.
History
Qorvo was created on January 1, 2015, with the merger of TriQuint Semiconductor and RF Micro Devices (RFMD). In June 2015, the new company became a component of the S&P 500. At the time of joining the S&P 500, Qorvo was valued at $12 billion. The company employs more than 8,000 people. As of mid-2016, the Oregon plant alone was employing almost 1,000 people.
In 2016, GreenPeak Technologies was acquired, adding ultra-low power, short-range wireless connected home and IoT to its portfolio. GreenPeak Technologies was best known for its Zigbee chips, of which it had sold 100 million in 2015. GreenPeak Technologies was headquartered in Utrecht, The Netherlands.
In 2019, Qorvo acquired Active-Semi International, a company with experience in power efficiency and power management, which have become skills useful for designing circuitry for 5G equipment, the Internet of things (IoT).
In 2020, Qorvo acquired the Irish fabless semiconductor company Decawave in a deal that was estimated to be worth $400 million.
In 2021, Qorvo announced the acquisition of Mountain View, California–based NextInput, a pioneer in the emerging field of force-sensing for human-machine interface (HMI). On November 3, 2021, Qorvo announced the acquisition of Princeton, New Jersey–based United Silicon Carbide (UnitedSiC), a leading manufacturer of silicon carbide–based semiconductors, such SiC FETs, SiC JFETs, SiC Diodes.
In 2023, Qorvo announced QSPICE circuit simulation software would be limited beta testing in May, then open beta testing in July. It is developed by Mike Engelhardt, the author of LTspice.
QSPICE has won multiple industry awards. It was honored as the Design Tool and Development Software Product of the Year at the 2023 Elektra Awards. In 2024, QSPICE received the Électrons d'Or Trophy from Electroniques magazine in the CAD / Measurement / Tools category for significant strides in circuit simulation, plus overcoming challenges in accuracy, efficiency and scalability.
In 2024, Qorvo announced the acquisition of Anokiwave, a company that specializes in high-performance RFIC design.
In October 2025, Skyworks and Qorvo announced they would be forming a new merged entity focused on radio-frequency chips for cellphones and other electronic consumer devices, pending regulatory approval.
Products
Qorvo products include electronic amplifiers for usage in radar systems, PMICs for device charging in vehicles and transistors that are needed in IFF and avionic devices. The company also sells RF chips and front end components for use in smartphones. Furthermore Qorvo offers SiC power semiconductors, as well as low power wireless components.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
QRVO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
QRVO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
QRVO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 0 0.0%
- Buy 2 7.7%
- Hold 19 73.1%
- Sell 3 11.5%
- Strong Sell 2 7.7%
12-Month Price Target
13 analysts · 2026-08-19Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.64 | $1.12 | 0.52% |
| March 31, 2026 | $1.69 | $1.23 | 0.46% |
| Dec. 31, 2025 | $2.17 | $1.88 | 0.29% |
| Sept. 30, 2025 | $2.22 | $2.11 | 0.11% |
| June 30, 2025 | $0.92 | $0.62 | 0.30% |
| March 31, 2025 | $1.42 | $1.02 | 0.40% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| QRVO | $6.79B | 21.4 | -1.1% | 9.2% | 9.9% | 45.9% |
| SITM | $9.29B | -205.3 | 61.2% | -13.1% | -3.8% | 53.6% |
| LSCC | $10.76B | 3932.5 | 2.7% | 0.59% | 0.44% | 68.2% |
| SMTC | $7.51B | -176.1 | 15.5% | -3.9% | -7.3% | 51.6% |
| SWKS | — | 25.0 | -2.2% | — | — | — |
| RMBS | $9.90B | 43.5 | 27.1% | 32.6% | 17.8% | 79.6% |
| SLAB | $4.35B | -66.6 | 34.3% | -8.3% | -6.0% | 58.2% |
| ALGM | $5.58B | -376.5 | 22.8% | -1.7% | -1.6% | 46.3% |
| MXL | $1.51B | -11.0 | 29.7% | -29.2% | -29.1% | 56.8% |
| CRUS | $7.25B | 18.3 | 5.3% | 20.8% | 19.9% | 52.8% |
| RGTI | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.68B | $3.72B | $3.77B | $3.57B | $4.65B | $4.02B | $3.24B | $3.09B | · | $3.03B | $2.61B | |
| Cost of Revenue | $1.99B | $2.18B | $2.28B | $2.27B | $2.36B | $2.13B | $1.92B | $1.90B | · | $1.90B | $1.56B | |
| Gross Profit | $1.69B | $1.54B | $1.49B | $1.30B | $2.29B | $1.88B | $1.32B | $1.20B | · | $1.14B | $1.05B | |
| R&D Expense | $726M | $748M | $682M | $650M | $624M | $570M | $484M | $450M | · | $471M | $449M | |
| SG&A Expense | $165M | $172M | $172M | $148M | $350M | $367M | $344M | $476M | · | $546M | $534M | |
| Operating Expenses | $1.28B | $1.44B | $1.40B | $1.11B | $1.06B | $977M | $899M | $979M | · | $1.05B | $1.04B | |
| Operating Income | $411M | $96M | $92M | $183M | $1.23B | $907M | $423M | $216M | · | $88M | $12M | |
| Interest Expense | $73M | $78M | $69M | $68M | $63M | $75M | $60M | $44M | · | $59M | $23M | |
| Other Non-op | $60M | $49M | $51M | $10M | $18M | $-24M | $32M | $-81M | · | $-3M | $6M | |
| Pretax Income | $398M | $66M | $74M | $125M | $1.18B | $807M | $395M | $92M | · | $27M | $-3M | |
| Income Tax | $59M | $10M | $144M | $21M | $148M | $74M | $61M | $-41M | · | $44M | $26M | |
| Net Income | $339M | $56M | $-70M | $103M | $1.03B | $734M | $334M | $133M | · | $-17M | $-29M | |
| EPS (Basic) | $3.66 | $0.59 | $-0.72 | $1.01 | $9.38 | $6.43 | $2.86 | $1.07 | · | $-0.13 | $-0.20 | |
| EPS (Diluted) | $3.62 | $0.58 | $-0.72 | $1.00 | $9.26 | $6.32 | $2.80 | $1.05 | · | $-0.13 | $-0.20 | |
| Shares (Basic) | 92,592,000 | 94,586,000 | 97,557,000 | 102,206,000 | 110,196,000 | 114,034,000 | 117,007,000 | 124,534,000 | · | 127,121,000 | 141,937,000 | |
| Shares (Diluted) | 93,547,000 | 95,450,000 | 97,557,000 | 103,019,000 | 111,546,000 | 116,016,000 | 119,293,000 | 127,356,000 | · | 127,121,000 | 141,937,000 | |
| EBITDA | $411M | $96M | $92M | $183M | $1.23B | $907M | $423M | $216M | · | $88M | $12M |
Balance Sheet 29
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.22B | $1.02B | $1.03B | $809M | $973M | $1.40B | $715M | $711M | $334M | $545M | $426M | |
| Short-term Investments | · | · | · | · | · | · | · | · | $58M | · | $187M | |
| Receivables | $383M | $387M | $413M | $305M | $569M | $457M | $367M | $378M | $361M | $358M | $316M | |
| Inventory | $554M | $641M | $711M | $797M | $756M | $508M | $517M | $512M | $502M | $430M | $428M | |
| Prepaid Expense | $37M | $33M | $41M | $47M | $50M | $42M | $38M | $26M | $25M | $36M | $64M | |
| Other Current Assets | $98M | $75M | $79M | $47M | $71M | $52M | $38M | $36M | $35M | $26M | $41M | |
| Current Assets | $2.31B | $2.17B | $2.45B | $2.03B | $2.45B | $2.48B | $1.69B | $1.68B | $1.37B | $1.46B | $1.51B | |
| PP&E (Net) | $710M | $802M | $871M | $1.15B | $1.25B | $1.27B | $1.26B | $1.37B | $1.37B | $1.39B | $1.05B | |
| PP&E (Gross) | $2.49B | $2.65B | $2.55B | $3.05B | $2.99B | $2.83B | $2.67B | $2.47B | · | $2.07B | $1.62B | |
| Accum. Depreciation | $1.78B | $1.85B | $1.68B | $1.90B | $1.73B | $1.56B | $1.42B | $1.22B | $950M | $981M | $752M | |
| Goodwill | $2.35B | $2.39B | $2.53B | $2.76B | $2.78B | $2.64B | $2.61B | $2.17B | $2.17B | $2.17B | $2.14B | |
| Intangibles | $122M | $273M | $509M | $538M | $675M | $611M | $809M | $408M | $729M | $1.40B | $1.81B | |
| Other Non-current Assets | $318M | $277M | $170M | $193M | $324M | $182M | $165M | $77M | $63M | $59M | $66M | |
| Total Assets | $5.83B | $5.93B | $6.55B | $6.69B | $7.51B | $7.22B | $6.56B | $5.81B | $5.78B | $6.52B | $6.60B | |
| Accounts Payable | $243M | $261M | $253M | $211M | $328M | $314M | $247M | $233M | $219M | $216M | $205M | |
| Accrued Liabilities | $248M | $288M | $337M | $222M | $240M | $255M | $218M | $161M | $134M | $171M | $138M | |
| Current Liabilities | $713M | $783M | $1.23B | $556M | $675M | $682M | $539M | $436M | $403M | $419M | $374M | |
| Capital Leases | $41M | $45M | $51M | $69M | · | · | $58M | · | · | · | · | |
| Deferred Tax | · | · | · | · | · | · | · | · | $37M | $132M | $152M | |
| Other Non-current Liabilities | $219M | $208M | $219M | $185M | $234M | $168M | $162M | $92M | $105M | $86M | $83M | |
| Total Liabilities | $2.48B | $2.54B | $3.00B | $2.79B | $2.96B | $2.59B | $2.27B | $1.45B | $1.10B | $1.63B | $1.60B | |
| Long-term Debt | $1.55B | $1.55B | $1.55B | $2.05B | $2.05B | $1.74B | $1.57B | $921M | $558M | $989M | $988M | |
| Total Debt | · | $0 | $439M | $310.0K | $791.0K | $5M | $7M | · | · | · | $988M | |
| Common Stock | · | · | · | · | · | · | · | · | $5.17B | $5.36B | $5.44B | |
| Retained Earnings | $39M | $-34M | $-90M | $84M | $512M | $355M | $0 | $-321M | $-484M | $-456M | $-440M | |
| AOCI | $4M | $-5M | $-5M | $-3M | $5M | $30M | $2M | $-7M | $-5M | $-4M | $-3M | |
| Stockholders' Equity | $3.34B | $3.39B | $3.56B | $3.90B | $4.55B | $4.63B | $4.29B | $4.36B | $4.68B | $4.90B | $5.00B | |
| Liabilities + Equity | $5.83B | $5.93B | $6.55B | $6.69B | $7.51B | $7.22B | $6.56B | $5.81B | $5.78B | $6.52B | $6.60B | |
| Shares Outstanding | 87,741,000 | 92,920,000 | 95,798,000 | 98,649,000 | 106,303,000 | 112,557,000 | 114,625,000 | 119,063,000 | 125,598,000 | 126,464,000 | 127,386,000 |
Cash Flow 15
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $136M | $136M | $121M | $106M | $84M | $89M | $76M | $72M | · | $89M | $140M | |
| Deferred Tax | $-39M | $-85M | $19M | $-66M | $32M | $-18M | $-11M | $-70M | · | $-28M | $-12M | |
| Amort. of Intangibles | $111M | $134M | $128M | $132M | $150M | $253M | $247M | $454M | · | $495M | $495M | |
| Restructuring | $7M | · | $44M | $26M | $2M | $3M | $48M | $51M | · | $2M | $10M | |
| Operating Cash Flow | $809M | $622M | $833M | $843M | $1.05B | $1.30B | $946M | $810M | · | $777M | $688M | |
| CapEx | $129M | $138M | $127M | $159M | $213M | $187M | $164M | $221M | · | $553M | $316M | |
| Investing Cash Flow | $-44M | $37M | $-136M | $-153M | $-596M | $-219M | $-1.11B | $-248M | · | $-490M | $-279M | |
| Net Debt Issued | $0 | $-439M | $-58M | $0 | $-198M | $-1.09B | $0 | $-1.05B | · | $0 | $-175M | |
| Stock Repurchased | $533M | $356M | $400M | $862M | $1.15B | $515M | $515M | $638M | · | $209M | $1.30B | |
| Net Stock Activity | $-533M | $-356M | $-400M | $-862M | $-1.15B | $-515M | $-515M | $-638M | · | $-209M | $-1.30B | |
| Financing Cash Flow | $-567M | $-684M | $-460M | $-853M | $-876M | $-402M | $166M | $-777M | · | $-166M | $-283M | |
| Net Change in Cash | $198M | $-28M | $240M | $-164M | $-426M | $683M | $4M | $-215M | · | $120M | $126M | |
| Taxes Paid | $56M | $89M | $105M | $106M | $125M | $53M | $56M | · | · | · | · | |
| Free Cash Flow | $680M | $485M | $706M | $684M | $836M | $1.11B | $782M | $589M | · | $224M | $372M | |
| Levered FCF | $617M | $418M | $772M | $628M | $780M | $1.05B | $730M | $526M | · | $260M | $137M |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.9% | 41.3% | 39.5% | 36.3% | 49.2% | 46.9% | 40.8% | 38.7% | · | 37.4% | 40.2% | |
| Operating Margin | 11.2% | 2.6% | 2.4% | 5.1% | 26.4% | 22.6% | 13.1% | 7.0% | · | 2.9% | 0.46% | |
| Net Margin | 9.2% | 1.5% | -1.9% | 2.9% | 22.2% | 18.3% | 10.3% | 4.3% | · | -0.55% | -1.1% | |
| Pretax Margin | 10.8% | 1.8% | 1.9% | 3.5% | 25.4% | 20.1% | 12.2% | 3.0% | · | 0.90% | -0.11% | |
| EBITDA Margin | 11.2% | 2.6% | 2.4% | 5.1% | 26.4% | 22.6% | 13.1% | 7.0% | · | 2.9% | 0.46% | |
| ROA | 5.8% | 0.89% | -1.1% | 1.5% | 14.0% | 10.7% | 5.4% | · | · | · | -0.43% | |
| ROE | 9.9% | 1.6% | -1.9% | 2.6% | 22.4% | 16.1% | 7.8% | · | · | · | -0.52% | |
| ROIC | 10.5% | 2.4% | -2.2% | 3.9% | 23.6% | 17.8% | 8.3% | · | · | · | 2.0% |
Liquidity & Solvency 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.2 | 2.8 | 2.0 | 3.7 | 3.6 | 3.6 | 3.1 | · | · | · | 4.0 | |
| Quick Ratio | 2.2 | 1.8 | 1.2 | 2.0 | 2.3 | 2.7 | 2.0 | · | · | · | 2.5 | |
| Debt / Equity | · | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | · | 0.2 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.2 | |
| Interest Coverage | 5.6 | 1.2 | 1.3 | 2.7 | 19.4 | 12.1 | 7.0 | 4.9 | · | 1.5 | 0.5 |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.6 | 0.5 | · | · | · | 0.4 | |
| Inventory Turnover | 3.3 | 3.2 | 3.0 | 2.9 | 3.7 | 4.2 | 3.7 | · | · | · | 4.0 | |
| Receivables Turnover | 9.6 | 9.3 | 10.5 | 8.2 | 9.1 | 9.7 | 8.7 | · | · | · | 7.8 |
Growth Rates 9
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -1.1% | -1.3% | 5.6% | -23.2% | 15.7% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 1.0% | -7.1% | -2.1% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -1.7% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 524.1% | · | · | -89.2% | 46.5% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 53.5% | -60.3% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -10.5% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 509.5% | · | · | -90.0% | 40.9% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 48.7% | -62.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -14.3% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.68B | $3.72B | $3.77B | $3.57B | $4.65B | $4.02B | $3.24B | $3.09B | · | $3.03B | $2.61B | |
| Net Income TTM | $339M | $56M | $-70M | $103M | $1.03B | $734M | $334M | $133M | · | $-17M | $-29M | |
| Market Cap | $6.79B | $6.64B | $11.00B | $10.02B | $12.92B | $21.71B | $9.25B | · | · | · | $6.47B | |
| Enterprise Value | · | $5.62B | $10.41B | $9.21B | $11.95B | $20.32B | $8.54B | · | · | · | $6.85B | |
| P/E | 21.4 | 123.3 | -159.5 | 101.6 | 13.1 | 30.5 | 28.8 | 68.3 | · | -527.4 | -254.1 | |
| P/S | 1.8 | 1.8 | 2.9 | 2.8 | 2.8 | 5.4 | 2.9 | · | · | · | 2.5 | |
| P/B | 2.0 | 2.0 | 3.1 | 2.6 | 2.8 | 4.7 | 2.2 | · | · | · | 1.3 | |
| P / Tangible Book | 7.8 | 9.1 | 21.5 | 16.6 | 11.7 | 15.8 | · | · | · | · | · | |
| P / Cash Flow | 8.4 | 10.7 | 13.2 | 11.9 | 12.3 | 16.7 | 9.8 | · | · | · | 9.4 | |
| P / FCF | 10.0 | 13.7 | 15.6 | 14.6 | 15.5 | 19.5 | 11.8 | · | · | · | 17.4 | |
| EV / EBITDA | · | 58.9 | 113.5 | 50.3 | 9.7 | 22.4 | 20.2 | · | · | · | 572.3 | |
| EV / FCF | · | 11.6 | 14.7 | 13.5 | 14.3 | 18.2 | 10.9 | · | · | · | 18.4 | |
| EV / Revenue | · | 1.5 | 2.8 | 2.6 | 2.6 | 5.1 | 2.6 | · | · | · | 2.6 | |
| Earnings Yield | 4.7% | 0.81% | -0.63% | 0.98% | 7.6% | 3.3% | 3.5% | 1.5% | · | -0.19% | -0.39% |
Income Statement 17
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $785M | $808M | $993M | $1.06B | $819M | $869M | $916M | $1.05B | $887M | $941M | $1.07B | $1.10B | $755M | $743M | $1.16B | |
| Cost of Revenue | $384M | $413M | $529M | $561M | $487M | $503M | $525M | $601M | $554M | $559M | $686M | $614M | $477M | $475M | $619M | |
| Gross Profit | $401M | $395M | $464M | $497M | $332M | $367M | $391M | $445M | $332M | $382M | $388M | $490M | $278M | $268M | $539M | |
| R&D Expense | $172M | $170M | $178M | $198M | $179M | $180M | $179M | $201M | $188M | $180M | $164M | $175M | $163M | $149M | $168M | |
| SG&A Expense | $41M | $35M | $32M | $48M | $51M | $35M | $34M | $48M | $55M | $-124M | $87M | $104M | $-132M | $76M | $98M | |
| Operating Expenses | $304M | $364M | $272M | $339M | $302M | $338M | $338M | $436M | $328M | $352M | $429M | $338M | $308M | $259M | $277M | |
| Operating Income | $97M | $32M | $192M | $158M | $30M | $28M | $53M | $10M | $5M | $30M | $-42M | $151M | $-29M | $9M | $262M | |
| Interest Expense | $16M | $18M | $18M | $18M | $19M | $20M | $19M | $23M | $17M | $17M | $18M | $17M | $17M | $17M | $17M | |
| Other Non-op | $20M | $8M | $16M | $16M | $20M | $7M | $15M | $15M | $12M | $17M | $15M | $5M | $14M | $6M | $2M | |
| Pretax Income | $101M | $22M | $190M | $155M | $32M | $15M | $49M | $3M | $-723.0K | · | · | · | · | · | · | |
| Income Tax | $15M | $-8M | $26M | $35M | $6M | $-16M | $8M | $20M | $-1M | $27M | $83M | $42M | $-13M | $13M | $58M | |
| Net Income | $86M | $30M | $164M | $120M | $26M | $31M | $41M | $-17M | $414.0K | $3M | $-127M | $97M | $-19M | $-16M | $189M | |
| EPS (Basic) | $0.97 | $0.32 | $1.77 | $1.29 | $0.28 | $0.33 | $0.44 | $-0.18 | $0.00 | $0.03 | $-1.31 | $1.00 | $-0.13 | $-0.16 | $1.83 | |
| EPS (Diluted) | $0.96 | $0.32 | $1.75 | $1.28 | $0.27 | $0.33 | $0.43 | $-0.18 | $0.00 | $0.03 | $-1.31 | $0.99 | $-0.14 | $-0.16 | $1.82 | |
| Shares (Basic) | 88,035,000 | -185,712,000 | 92,586,000 | 92,803,000 | 92,915,000 | -190,108,000 | 94,341,000 | 94,886,000 | 95,467,000 | -348,000 | 97,152,000 | 97,945,000 | -209,083,000 | 100,943,000 | 102,927,000 | |
| Shares (Diluted) | 89,360,000 | -187,586,000 | 93,571,000 | 93,792,000 | 93,770,000 | -190,977,000 | 95,031,000 | 94,886,000 | 96,510,000 | -348,000 | 97,152,000 | 98,590,000 | -210,084,000 | 100,943,000 | 103,674,000 | |
| EBITDA | $97M | · | $192M | $158M | $30M | · | $53M | $10M | $5M | · | $-42M | $151M | · | $9M | $262M |
Balance Sheet 26
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.33B | $1.22B | $1.32B | $1.10B | $1.17B | $1.02B | $769M | $1.10B | $1.08B | $1.03B | $1.07B | $707M | $809M | $919M | $912M | |
| Receivables | $380M | $383M | $488M | $543M | $328M | $387M | $428M | $581M | $425M | $413M | $484M | $593M | · | $368M | $645M | |
| Inventory | $592M | $554M | $530M | $605M | $638M | $641M | $656M | $694M | $727M | $711M | $727M | $840M | · | $857M | $841M | |
| Prepaid Expense | $39M | $37M | $35M | $34M | $31M | $33M | $38M | $38M | $30M | $41M | $40M | $49M | · | $46M | $48M | |
| Other Current Assets | $81M | $98M | $79M | $74M | $69M | $75M | $78M | $110M | $99M | $79M | $75M | $46M | · | $37M | $52M | |
| Current Assets | $2.44B | $2.31B | $2.48B | $2.38B | $2.25B | $2.17B | $2.10B | $2.53B | $2.38B | $2.45B | $2.43B | $2.26B | · | $2.26B | $2.52B | |
| PP&E (Net) | $680M | $710M | $755M | $781M | $794M | $802M | $821M | $847M | $867M | $871M | $1.04B | $1.06B | · | $1.19B | $1.22B | |
| PP&E (Gross) | · | $2.49B | · | · | · | $2.65B | · | · | · | $2.55B | · | · | · | · | · | |
| Accum. Depreciation | $1.80B | $1.78B | $1.92B | $1.91B | $1.88B | $1.85B | $1.81B | $1.77B | $1.74B | $1.68B | $2.02B | $1.98B | · | $1.85B | $1.82B | |
| Goodwill | $2.35B | $2.35B | $2.39B | $2.39B | $2.39B | $2.39B | $2.44B | $2.44B | $2.53B | $2.53B | $2.54B | $2.71B | · | $2.77B | $2.76B | |
| Intangibles | $106M | $122M | $197M | $224M | $252M | $273M | $332M | $446M | $474M | $509M | $500M | $473M | · | $567M | $586M | |
| Other Non-current Assets | $348M | $318M | $320M | $306M | $293M | $277M | $250M | $216M | $170M | $170M | $166M | $187M | · | $265M | $258M | |
| Total Assets | $5.94B | $5.83B | $6.16B | $6.10B | $6.00B | $5.93B | $5.96B | $6.50B | $6.45B | $6.55B | $6.70B | $6.72B | · | $7.08B | $7.37B | |
| Accounts Payable | $253M | $243M | $241M | $285M | $280M | $261M | $283M | $322M | $304M | $253M | $283M | $275M | · | $225M | $322M | |
| Accrued Liabilities | $214M | $248M | $225M | $287M | $252M | $288M | $268M | $354M | $300M | $337M | $327M | $304M | · | $239M | $299M | |
| Current Liabilities | $688M | $713M | $676M | $805M | $798M | $783M | $808M | $1.33B | $1.22B | $1.23B | $1.28B | $672M | · | $614M | $764M | |
| Capital Leases | · | $41M | · | · | · | $45M | · | · | · | $51M | · | · | · | · | · | |
| Other Non-current Liabilities | $231M | $219M | $241M | $232M | $213M | $208M | $226M | $210M | $195M | $219M | $230M | $181M | · | $250M | $241M | |
| Total Liabilities | $2.47B | $2.48B | $2.47B | $2.59B | $2.56B | $2.54B | $2.58B | $3.09B | $2.96B | $3.00B | $3.06B | $2.90B | · | $2.91B | $3.05B | |
| Long-term Debt | $1.55B | $1.55B | $1.55B | $1.55B | $1.55B | $1.55B | $1.55B | $1.55B | $1.55B | $1.55B | $1.55B | $2.05B | · | $2.05B | $2.05B | |
| Total Debt | $1.55B | · | $1.55B | $1.55B | $1.55B | · | $1.55B | $1.96B | $1.96B | · | $2.03B | $2.05B | · | $2.05B | $2.05B | |
| Retained Earnings | $125M | $39M | $227M | $73M | $-8M | $-34M | $-65M | $-107M | $-89M | $-90M | $-92M | $35M | $84M | $316M | $448M | |
| AOCI | $3M | $4M | $6M | $5M | $6M | $-5M | $-10M | $1M | $-6M | $-5M | $102.0K | $-14M | $-3M | $-11M | $-42M | |
| Stockholders' Equity | $3.47B | $3.34B | $3.70B | $3.51B | $3.44B | $3.39B | $3.38B | $3.41B | $3.49B | $3.56B | $3.64B | $3.82B | $3.90B | $4.16B | $4.32B | |
| Liabilities + Equity | $5.94B | $5.83B | $6.16B | $6.10B | $6.00B | $5.93B | $5.96B | $6.50B | $6.45B | $6.55B | $6.70B | $6.72B | · | $7.08B | $7.37B | |
| Shares Outstanding | 88,218,000 | 87,741,000 | 92,653,000 | 92,575,000 | 92,798,000 | 92,920,000 | 93,559,000 | 94,664,000 | 94,962,000 | 95,798,000 | 96,680,000 | 97,506,000 | 98,649,000 | 100,021,000 | 102,061,000 |
Cash Flow 13
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $34M | $26M | $27M | $40M | $42M | $27M | $28M | $38M | $42M | $22M | $22M | · | $19M | $20M | · | |
| Deferred Tax | $-9M | $-15M | $-13M | $-8M | $-4M | $-21M | $-16M | $-22M | $-26M | $-43M | $61M | · | $-64M | $14M | · | |
| Amort. of Intangibles | $15M | $27M | $28M | $28M | $28M | $30M | $32M | $36M | $35M | $36M | $31M | · | $33M | $33M | · | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | $4M | · | · | · | · | |
| Operating Cash Flow | $139M | $276M | $265M | $84M | $183M | $199M | $214M | $128M | $81M | $202M | $493M | · | $65M | $237M | · | |
| CapEx | $24M | $21M | $28M | $42M | $38M | $29M | $38M | $33M | $38M | $33M | $26M | · | $34M | $34M | · | |
| Investing Cash Flow | $-23M | $18M | $4M | $-33M | $-33M | $96M | $-7M | $-35M | $-17M | $-113M | $902.0K | · | $-36M | $-33M | · | |
| Stock Repurchased | $0 | $400M | $17M | $65M | $50M | $50M | $100M | $81M | $125M | $100M | $100M | · | $150M | $202M | · | |
| Net Stock Activity | $0 | · | · | · | $-50M | · | · | · | $-125M | · | · | · | · | · | · | |
| Financing Cash Flow | $-6M | $-392M | $-54M | $-113M | $-7M | $-43M | $-532M | $-80M | $-30M | $-132M | $-114M | · | $-139M | $-201M | · | |
| Net Change in Cash | $110M | $-99M | $215M | $-62M | $144M | $252M | $-327M | $14M | $33M | $-43M | $385M | · | $-110M | $7M | · | |
| Free Cash Flow | $115M | · | · | · | $145M | · | · | · | $43M | · | · | · | · | · | · | |
| Levered FCF | $102M | · | · | · | $130M | · | · | · | · | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.1% | · | 46.8% | 47.0% | 40.5% | · | 42.7% | 42.5% | 37.5% | · | 36.1% | 44.4% | · | 36.1% | 46.5% | |
| Operating Margin | 12.3% | · | 19.4% | 14.9% | 3.7% | · | 5.8% | 0.92% | 0.52% | · | -3.9% | 13.7% | · | 1.2% | 22.6% | |
| Net Margin | 10.9% | · | 16.5% | 11.3% | 3.1% | · | 4.5% | -1.7% | 0.05% | · | -11.8% | 8.8% | · | -2.1% | 16.3% | |
| Pretax Margin | 12.8% | · | 19.1% | 14.6% | 3.9% | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | 12.3% | · | 19.4% | 14.9% | 3.7% | · | 5.8% | 0.92% | 0.52% | · | -3.9% | 13.7% | · | 1.2% | 22.6% | |
| ROA | 1.4% | · | 2.7% | 1.9% | 0.41% | · | 0.65% | -0.26% | 0.01% | · | -1.8% | 1.4% | · | -0.22% | 2.5% | |
| ROE | 2.5% | · | 4.6% | 3.5% | 0.74% | · | 1.2% | -0.48% | 0.01% | · | -3.2% | 2.4% | · | -0.36% | 4.2% | |
| ROIC | 1.6% | · | 3.2% | 2.4% | 0.49% | · | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.5 | · | 3.7 | 3.0 | 2.8 | · | 2.6 | 1.9 | 2.0 | · | 1.9 | 3.4 | · | 3.7 | 3.3 | |
| Quick Ratio | 2.5 | · | 2.7 | 2.0 | 1.9 | · | 1.5 | 1.3 | 1.2 | · | 1.2 | 1.9 | · | 2.1 | 2.0 | |
| Debt / Equity | 0.4 | · | 0.4 | 0.4 | 0.5 | · | 0.5 | 0.6 | 0.6 | · | 0.6 | 0.5 | · | 0.5 | 0.5 | |
| LT Debt / Equity | 0.4 | · | 0.4 | 0.4 | 0.5 | · | 0.5 | 0.5 | 0.4 | · | 0.4 | 0.5 | · | 0.5 | 0.5 | |
| Interest Coverage | 6.1 | · | 10.7 | 8.5 | 1.6 | · | 2.8 | 0.4 | 0.3 | · | -2.4 | 8.8 | · | 0.5 | 15.5 |
Efficiency 3
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | · | 0.2 | 0.2 | 0.1 | · | 0.1 | 0.2 | 0.1 | · | 0.2 | 0.2 | · | 0.1 | 0.2 | |
| Inventory Turnover | 0.6 | · | 0.9 | 0.9 | 0.7 | · | 0.8 | 0.8 | 0.7 | · | 0.9 | 0.7 | · | 0.6 | 0.9 | |
| Receivables Turnover | 2.2 | · | 2.2 | 1.9 | 2.2 | · | 2.0 | 1.8 | 2.4 | · | 2.5 | 1.8 | · | 1.5 | 1.8 |
Valuation (TTM) 14
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.66B | · | $3.79B | $3.84B | $3.67B | · | $3.92B | $4.11B | $3.72B | · | $3.57B | $3.66B | · | · | · | |
| Net Income TTM | $395M | · | $351M | $169M | $50M | · | $-103M | $-46M | $-73M | · | $-89M | $227M | · | · | · | |
| Market Cap | $8.28B | · | $7.98B | $8.61B | $7.78B | · | $6.68B | $9.81B | $11.02B | · | $10.89B | $9.31B | · | $9.07B | $8.10B | |
| Enterprise Value | $8.50B | · | $8.21B | $9.06B | $8.16B | · | $7.46B | $10.67B | $11.90B | · | $11.85B | $10.65B | · | $10.20B | $9.24B | |
| P/E | 22.0 | · | 23.1 | 51.7 | 161.2 | · | -67.4 | -207.2 | -152.7 | · | -122.4 | 43.2 | · | · | · | |
| P/S | 2.3 | · | 2.1 | 2.2 | 2.1 | · | 1.7 | 2.4 | 3.0 | · | 3.0 | 2.5 | · | · | · | |
| P/B | 2.4 | · | 2.2 | 2.5 | 2.3 | · | 2.0 | 2.9 | 3.2 | · | 3.0 | 2.4 | · | 2.2 | 1.9 | |
| P / Tangible Book | 8.2 | · | 7.2 | 9.6 | 9.8 | · | 10.9 | 18.6 | 23.0 | · | 18.2 | 14.6 | · | 11.0 | 8.3 | |
| P / Cash Flow | 59.4 | · | · | · | 42.5 | · | · | · | 135.9 | · | · | · | · | · | · | |
| P / FCF | 71.8 | · | · | · | 53.5 | · | · | · | 257.1 | · | · | · | · | · | · | |
| EV / EBITDA | 87.9 | · | 42.7 | 57.4 | 271.4 | · | 140.7 | 1103.1 | 2583.2 | · | -285.0 | 70.3 | · | 1168.0 | 35.3 | |
| EV / FCF | 73.7 | · | · | · | 56.2 | · | · | · | 277.6 | · | · | · | · | · | · | |
| EV / Revenue | 2.3 | · | 2.2 | 2.4 | 2.2 | · | 1.9 | 2.6 | 3.2 | · | 3.3 | 2.9 | · | · | · | |
| Earnings Yield | 4.5% | · | 4.3% | 1.9% | 0.62% | · | -1.5% | -0.48% | -0.65% | · | -0.82% | 2.3% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-04-01 | 2022-04-02 | |
|---|---|---|---|---|---|
| Revenue | $3.68B | $3.72B | $3.77B | $3.57B | $4.65B |
| Gross Margin % | 45.9% | 41.3% | 39.5% | 36.3% | 49.2% |
| Operating Margin % | 11.2% | 2.6% | 2.4% | 5.1% | 26.4% |
| Net Income | $339M | $56M | $-70M | $103M | $1.03B |
| Diluted EPS | $3.62 | $0.58 | $-0.72 | $1.00 | $9.26 |
Balance Sheet
| 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-04-01 | 2022-04-02 | |
|---|---|---|---|---|---|
| Debt / Equity | — | 0.0 | 0.1 | 0.0 | 0.0 |
| Current Ratio | 3.2 | 2.8 | 2.0 | 3.7 | 3.6 |
| Quick Ratio | 2.2 | 1.8 | 1.2 | 2.0 | 2.3 |
Cash Flow
| 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-04-01 | 2022-04-02 | |
|---|---|---|---|---|---|
| Free Cash Flow | $680M | $485M | $706M | $684M | $836M |
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Institutional owners (13F) 594 filers · $5.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 75 (-18 vs prior Q) | 60 (-13 vs prior Q) | 171 (+5 vs prior Q) | 178 (+7 vs prior Q) | +2.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Starboard Value LP | $523,387,030 | 5,611,526 | 9.63% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $496,838,844 | 5,326,888 | 9.15% | Shares |
| STATE STREET CORP | $356,639,763 | 3,823,735 | 6.56% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $335,730,961 | 3,599,560 | 6.18% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $210,152,461 | 2,253,162 | 3.87% | Shares |
| MILLENNIUM MANAGEMENT LLC | $181,949,344 | 1,950,781 | 3.35% | Shares |
| AQR Arbitrage LLC | $166,212,829 | 1,782,061 | 3.06% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $129,665,463 | 1,368,621 | 2.39% | Shares |
| Qube Research & Technologies Ltd | $126,565,245 | 1,356,977 | 2.33% | Shares |
| GOLDMAN SACHS GROUP INC | $118,499,908 | 1,270,504 | 2.18% | Shares |
| NOMURA HOLDINGS INC | $116,587,500 | 1,250,000 | 2.15% | Call option |
| Assenagon Asset Management S.A. | $110,421,980 | 1,183,896 | 2.03% | Shares |
| Quantinno Capital Management LP | $88,754,787 | 951,589 | 1.63% | Shares |
| FMR LLC | $87,134,326 | 934,216 | 1.60% | Shares |
| NORGES BANK | $86,477,053 | 927,169 | 1.59% | Shares |
| Allianz Asset Management GmbH | $77,037,289 | 825,960 | 1.42% | Shares |
| ANTIPODES PARTNERS Ltd | $76,056,182 | 815,441 | 1.40% | Shares |
| ALPINE ASSOCIATES MANAGEMENT INC. | $74,444,290 | 798,159 | 1.37% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $70,708,547 | 758,106 | 1.30% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $70,494,679 | 755,813 | 1.30% | Shares |
| ALLIANCEBERNSTEIN L.P. | $62,039,119 | 801,539 | 1.14% | Shares |
| Amundi | $57,586,111 | 617,413 | 1.06% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $55,374,399 | 593,700 | 1.02% | Call option |
| CANADA PENSION PLAN INVESTMENT BOARD | $51,920,797 | 556,672 | 0.96% | Shares |
| OSSIAM | $48,662,597 | 521,739 | 0.90% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $47,244,519 | 506,535 | 0.87% | Shares |
| BANK OF AMERICA CORP /DE/ | $45,622,182 | 489,141 | 0.84% | Shares |
| Westchester Capital Management, LLC | $44,997,832 | 482,447 | 0.83% | Shares |
| Verition Fund Management LLC | $42,639,127 | 457,158 | 0.78% | Shares |
| JANUS HENDERSON GROUP PLC | $42,473,477 | 548,859 | 0.78% | Shares |
| TWO SIGMA INVESTMENTS, LP | $42,338,797 | 453,938 | 0.78% | Shares |
| TIG Advisors, LLC | $41,534,437 | 445,314 | 0.76% | Shares |
| FIRST TRUST ADVISORS LP | $40,141,174 | 430,379 | 0.74% | Shares |
| CANYON CAPITAL ADVISORS LLC | $36,179,713 | 387,903 | 0.67% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $35,946,071 | 385,398 | 0.66% | Shares |
| PINNACLE ASSOCIATES LTD | $31,861,032 | 341,600 | 0.59% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $31,204,504 | 334,561 | 0.57% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $30,190,473 | 323,689 | 0.56% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $29,029,075 | 311,237 | 0.53% | Shares |
| Empyrean Capital Partners, LP | $28,820,430 | 309,000 | 0.53% | Shares |
| Public Sector Pension Investment Board | $27,995,737 | 300,158 | 0.52% | Shares |
| Squarepoint Ops LLC | $27,976,896 | 299,956 | 0.51% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $25,149,043 | 269,637 | 0.46% | Shares |
| Governors Lane LP | $23,781,612 | 254,976 | 0.44% | Shares |
| Gotham Asset Management, LLC | $22,675,056 | 243,112 | 0.42% | Shares |
| BANK OF NOVA SCOTIA | $22,063,764 | 236,558 | 0.41% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $17,135,344 | 183,718 | 0.32% | Shares |
| Vulcan Value Partners, LLC | $16,911,250 | 181,315 | 0.31% | Shares |
| RHUMBLINE ADVISERS | $16,456,690 | 176,442 | 0.30% | Shares |
| NATIXIS | $15,920,163 | 170,689 | 0.29% | Shares |
| Caisse de depot et placement du Quebec | $15,885,094 | 170,313 | 0.29% | Shares |
| California Public Employees Retirement System | $15,874,647 | 170,201 | 0.29% | Shares |
| Swiss National Bank | $15,617,595 | 167,445 | 0.29% | Shares |
| MUFG Securities EMEA plc | $15,444,393 | 165,588 | 0.28% | Shares |
| Magnetar Financial LLC | $15,179,693 | 162,750 | 0.28% | Shares |
| Corient Private Wealth LP | $14,914,903 | 159,911 | 0.27% | Shares |
| Birnam Oak Advisors, LP | $14,731,530 | 157,945 | 0.27% | Shares |
| Cubist Systematic Strategies, LLC | $14,667,432 | 161,039 | 0.27% | Shares |
| AMERIPRISE FINANCIAL INC | $14,442,861 | 154,850 | 0.27% | Shares |
| KLP KAPITALFORVALTNING AS | $14,102,424 | 151,200 | 0.26% | Shares |
| Balyasny Asset Management L.P. | $13,990,500 | 150,000 | 0.26% | Call option |
| CAXTON ASSOCIATES LP | $13,989,846 | 200,055 | 0.26% | Shares |
| Nearwater Capital Markets, Ltd | $13,524,150 | 145,000 | 0.25% | Shares |
| BlackRock, Inc. | $13,236,132 | 141,912 | 0.24% | Shares |
| ALGERT GLOBAL LLC | $12,697,778 | 136,140 | 0.23% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $12,495,334 | 133,312 | 0.23% | Shares |
| NINE MASTS CAPITAL Ltd | $12,128,364 | 130,035 | 0.22% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $12,106,726 | 129,803 | 0.22% | Shares |
| Illinois Municipal Retirement Fund | $11,967,194 | 128,307 | 0.22% | Shares |
| Alberta Investment Management Corp | $11,658,750 | 125,000 | 0.21% | Shares |
| Legal & General Group Plc | $11,540,016 | 123,727 | 0.21% | Shares |
| CITADEL ADVISORS LLC | $11,111,628 | 119,134 | 0.20% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $10,969,205 | 117,607 | 0.20% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $10,949,991 | 117,401 | 0.20% | Shares |
| BARCLAYS PLC | $10,913,151 | 117,006 | 0.20% | Shares |
| JANE STREET GROUP, LLC | $10,850,099 | 116,330 | 0.20% | Shares |
| TWO SIGMA ADVISERS, LP | $10,698,966 | 126,600 | 0.20% | Shares |
| Defiance ETFs, LLC | $10,254,536 | 112,836 | 0.19% | Shares |
| LMR Partners LLP | $9,938,105 | 106,552 | 0.18% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $9,925,514 | 106,417 | 0.18% | Shares |
| Russell Investments Group, Ltd. | $9,635,910 | 103,312 | 0.18% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $9,304,348 | 99,576 | 0.17% | Shares |
| Y-Intercept (Hong Kong) Ltd | $9,282,324 | 99,521 | 0.17% | Shares |
| Walleye Trading LLC | $9,006,804 | 96,567 | 0.17% | Shares |
| Quarry LP | $8,600,147 | 92,207 | 0.16% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8,263,722 | 88,600 | 0.15% | Put option |
| Woodline Partners LP | $8,172,038 | 87,617 | 0.15% | Shares |
| Weiss Asset Management LP | $8,024,298 | 86,033 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $7,859,196 | 101,540 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $7,340,069 | 78,697 | 0.14% | Shares |
| Wick Capital Partners, LLC | $7,330,765 | 200,953 | 0.13% | Shares |
| S.A.C. Capital Advisors (Hong Kong) Ltd. | $7,305,982 | 80,215 | 0.13% | Shares |
| Hudson Bay Capital Management LP | $7,276,552 | 78,016 | 0.13% | Shares |
| TUDOR INVESTMENT CORP ET AL | $7,209,771 | 77,300 | 0.13% | Call option |
| Centiva Capital, LP | $7,114,542 | 76,279 | 0.13% | Shares |
| AMERICAN CENTURY COMPANIES INC | $7,055,596 | 75,647 | 0.13% | Shares |
| PRUDENTIAL FINANCIAL INC | $7,021,645 | 75,283 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $6,863,459 | 73,587 | 0.13% | Shares |
| New York Life Investment Management LLC | $6,421,266 | 68,846 | 0.12% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $5,994,438 | 64,270 | 0.11% | Shares |
Company insiders 26 insiders · 6 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Grant Brown | SVP & Chief Financial Officer | Aug. 17, 2026 S | 49,268 | 0 | 1 | $-504,952 |
| Mark J. Murphy | Chief Financial Officer | July 5, 2018 F | 91,302 | 0 | 0 | $0 |
| Steven J Buhaly | CFO | June 2, 2016 F | 94,938 | 0 | 0 | $0 |
| Philip Chesley | SVP, High Performance Analog | Aug. 17, 2026 S | 44,021 | 0 | 1 | $-534,982 |
| James L Klein | VP and Pres. Infra. & Defense | July 2, 2018 M | 49,742 | 0 | 0 | $0 |
| Michael J. Laber | VP and Corporate Controller | May 29, 2015 S | 757 | 0 | 0 | $0 |
| Peter A. Feld | Director | June 2, 2026 S | 5,611,526 | 0 | 2 | $-192,282,223 |
| Walter H Wilkinson | Director | May 24, 2018 S | 37,045 | 0 | 0 | $0 |
| Daniel A Dileo | Director | May 16, 2018 M | 24,782 | 0 | 0 | $0 |
| Ralph Quinsey | Director | March 7, 2018 M | 127,760 | 0 | 0 | $0 |
| Jeffery R Gardner | Director | Nov. 30, 2017 G | 31,186 | 0 | 0 | $0 |
| David H Y Ho | Director | Aug. 8, 2017 A | 7,536 | 0 | 0 | $0 |
| Scott C Gibson | Director | Aug. 8, 2017 A | 10,405 | 0 | 0 | $0 |
| Chris Koopmans | — | Aug. 12, 2026 A | 6,160 | 0 | 0 | $0 |
| Roderick Nelson | — | Aug. 12, 2026 A | 12,515 | 0 | 0 | $0 |
| John R Harding | — | Aug. 12, 2026 A | 10,317 | 0 | 0 | $0 |
| Susan Louise Spradley | — | Aug. 12, 2026 A | 14,351 | 0 | 0 | $0 |
| Alan S Lowe | — | Aug. 12, 2026 A | 7,233 | 0 | 0 | $0 |
| Richard L Clemmer | — | Aug. 12, 2026 A | 6,410 | 0 | 0 | $0 |
| Walden C Rhines | — | Aug. 12, 2026 A | 74,065 | 0 | 0 | $0 |
| Judy Bruner | — | Aug. 12, 2026 A | 12,526 | 0 | 0 | $0 |
| Frank P. Stewart | — | Aug. 5, 2026 F | 51,348 | 0 | 0 | $0 |
| Gina Harrison | — | Aug. 5, 2026 F | 26,324 | 0 | 0 | $0 |
| Steven E Creviston | — | Aug. 5, 2026 F | 124,261 | 0 | 0 | $0 |
| Paul J Fego | — | Aug. 5, 2026 F | 79,460 | 0 | 0 | $0 |
| Robert A Bruggeworth | — | Aug. 5, 2026 F | 354,290 | 0 | 1 | $-2,842,305 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Starboard Value LP, STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD, STARBOARD VALUE & OPPORTUNITY S LLC, Starboard Value & Opportunity Master Fund L LP, Starboard Value L LP, Starboard Value R GP LLC, Starboard X Master Fund Ltd, Starboard G Fund, L.P., Starboard Value G GP, LLC, Starboard Value A LP, Starboard Value A GP LLC, Starboard Value GP LLC, Starboard Principal Co LP, Starboard Principal Co GP LLC, Smith Jeffrey C, Feld Peter A ×6 filings | June 2, 2026 | 6.40% | Amendment | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 116 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| VERS · ProShares Trust | 3.63% | 2,549 NS | May 31, 2026 | N-PORT |
| PSCT · Invesco Exchange-Traded Fund Trust … | 3.37% | 175,150 SH | Aug. 19, 2026 | Daily |
| MNA · New York Life Investments ETF Trust | 2.59% | 68,393 NS | April 30, 2026 | N-PORT |
| SCOW · Pacer Funds Trust | 2.02% | 331 NS | April 30, 2026 | N-PORT |
| ARB · AltShares Trust | 1.93% | 19,195 NS | May 31, 2026 | N-PORT |
| XSHQ · Invesco Exchange-Traded Fund Trust … | 1.78% | 59,082 SH | Aug. 19, 2026 | Daily |
| CVAR · ETF Opportunities Trust | 1.46% | 5,989 NS | April 30, 2026 | N-PORT |
| FXL · First Trust Exchange-Traded AlphaDE… | 1.33% | 209,614 NS | April 30, 2026 | N-PORT |
| GURU · Global X Funds | 1.23% | 7,600 NS | April 30, 2026 | N-PORT |
| DTEC · ALPS ETF Trust | 1.18% | 8,459 NS | May 31, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.81% | 297,553 NS | April 30, 2026 | N-PORT |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.69% | 44,340 NS | April 30, 2026 | N-PORT |
| CAFG · Pacer Funds Trust | 0.69% | 1,653 NS | April 30, 2026 | N-PORT |
| SOVF · Elevation Series Trust | 0.57% | 5,654 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.55% | 14,706 SH | Aug. 19, 2026 | Daily |
| FHEQ · Fidelity Greenwood Street Trust | 0.52% | 45,954 NS | April 30, 2026 | N-PORT |
| VALQ · AMERICAN CENTURY ETF TRUST | 0.52% | 17,289 NS | May 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.51% | 60,061 SH | Aug. 19, 2026 | Daily |
| FLOW · Global X Funds | 0.43% | 1,191 NS | May 31, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.40% | 280,051 SH | Aug. 19, 2026 | Daily |
| FYEE · Fidelity Greenwood Street Trust | 0.40% | 7,007 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.39% | 1,009 NS | May 31, 2026 | N-PORT |
| FBUF · Fidelity Greenwood Street Trust | 0.38% | 751 NS | April 30, 2026 | N-PORT |
| MADE · iShares Trust | 0.35% | 2,286 SH | Aug. 19, 2026 | Daily |
| SOXQ · Invesco Exchange-Traded Fund Trust … | 0.35% | 108,030 SH | Aug. 19, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.35% | 16,006 NS | April 30, 2026 | N-PORT |
| ITAN · EA Series Trust | 0.31% | 2,657 NS | May 29, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.30% | 62,882 SH | Aug. 19, 2026 | Daily |
| SNSR · Global X Funds | 0.30% | 7,182 NS | May 31, 2026 | N-PORT |
| FLRG · FIDELITY COVINGTON TRUST | 0.26% | 7,913 NS | April 30, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.25% | 19,078 NS | April 30, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.23% | 50,040 SH | Aug. 19, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 169,245 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.21% | 14,066 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.21% | 169,265 NS | April 30, 2026 | N-PORT |
| FCPI · FIDELITY COVINGTON TRUST | 0.19% | 5,615 NS | April 30, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.19% | 5,790,000 | Aug. 19, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.19% | 43,649 NS | April 30, 2026 | N-PORT |
| TRFK · Pacer Funds Trust | 0.19% | 12,276 NS | April 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.17% | 43,258 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.16% | 242,998 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.16% | 228,121 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.16% | 1,153,244 SH | Aug. 19, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 34,439 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.16% | 16,815 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | 0.13% | 3,932 SH | Aug. 19, 2026 | Daily |
| ESML · iShares Trust | 0.12% | 37,670 SH | Aug. 19, 2026 | Daily |
| SMMD · iShares Trust | 0.11% | 42,987 SH | Aug. 19, 2026 | Daily |
| FTEC · FIDELITY COVINGTON TRUST | 0.11% | 203,238 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.11% | 2,167 NS | May 31, 2026 | N-PORT |