SMTC Semtech Corporation - Common Stock
$129.02
Price · Aug 21, 2026
Fundamentals as of May 27, 2026
52W Range
$49–$177
62% of range
Analyst Rating
BUY
22 analysts
Price Target
$205
+59% upside
P/E (TTM)
-280.5
ROE
-7.3%
Net Profit Margin
-3.9%
About Semtech Corporation - Common Stock Company overview from Wikipedia
Semtech Corporation is an American supplier of analog and mixed-signal semiconductors and advanced algorithms for consumer, enterprise computing, communications and industrial end-markets. It is based in Camarillo, Ventura County, Southern California. It was founded in 1960 in Newbury Park, California. It has 32 locations in 15 countries in North America, Europe, and Asia.
Read more
Semtech Corporation is an American supplier of analog and mixed-signal semiconductors and advanced algorithms for consumer, enterprise computing, communications and industrial end-markets. It is based in Camarillo, Ventura County, Southern California. It was founded in 1960 in Newbury Park, California. It has 32 locations in 15 countries in North America, Europe, and Asia.
Semtech is the developer of LoRa, a long-range networking initiative for the Internet of Things. As of March 2021, over 178 million devices use LoRa worldwide. LoRa has been used in satellites, tracking of animals, UAV radio control, and natural disaster prediction.
Semtech has been publicly traded since 1967. In 1995, Semtech ranked fifth on the Bloomberg 100 list of top-performing stocks of 1995 on the New York and American stock exchanges and the NASDAQ National Market.
Products
Semtech offers a variety of products, including LoRa, a long-range, low-power networking platform; receivers and transmitters; touch and proximity devices; wireless charging; and power management solutions. Semtech's chips were utilized in products using the Amazon Sidewalk protocol, as well as to monitor water leaks. A collaboration with Unabiz to produce IoT devices that use both Semtech's LoRaWAN as well as Unabiz's Sigfox systems was announced in July 2023. Semtech additionally offers HDMI to SDI converter chips as well as LoRa transceiver with global coverage. Semtech also offers cloud connectivity and Voice over LTE services.
Acquisitions
In December 1999, Semtech bought USAR Systems Inc., a maker of embedded devices for handheld and notebook computers, for $26.7 million in stock.
In March 2012, it bought Gennum Corporation, a supplier of high-speed analog semiconductors, for approximately CA$500 million (US$494 million). In the same month, it acquired Cycleo SAS, a supplier of wireless semiconductor products, for $5 million in cash.
In August 2022, Semtech agreed to buy Canadian technology company Sierra Wireless in an all-cash transaction valued at US$1.2 billion including debt. The acquisition completed in January 2023.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
SMTC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$129.02
Market Cap
$11.96B
P/E (TTM)
-280.5
EPS (TTM)
$-0.46
Revenue (TTM)
$1.05B
Div Yield
—
ROE
-7.3%
Debt/Equity
0.9
52W Range
$49 – $177
SMTC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.05B
2017-01-29
→
2026-01-25
EPS
$-0.46
2017-01-29
→
2026-01-25
Free Cash Flow
$171M
2017-01-29
→
2026-01-25
Margins
-3.9%
2017-01-29
→
2026-01-25
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SMTC
Peer Median
P/E (TTM)
-280.5
44.1
P/S (TTM)
11.4
14.2
P/B
21.7
7.2
EV / EBITDA
376.2
—
Price / FCF
69.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SMTC
Peer Median
Gross Margin
51.6%
53.7%
Operating Margin
3.1%
—
Net Profit Margin
-3.9%
11.5%
ROA
-2.9%
5.3%
ROE
-7.3%
7.7%
ROIC
6.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SMTC
Peer Median
Debt / Equity
0.9
17.3
Current Ratio
2.4
3.7
Quick Ratio
1.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SMTC
Peer Median
Revenue YoY
15.5%
—
Revenue CAGR 3Y
11.6%
—
Revenue CAGR 5Y
12.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SMTC
Peer Median
SMTC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
22 analysts
- Strong Buy 5 22.7%
- Buy 14 63.6%
- Hold 3 13.6%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
12 analysts · 2026-08-21
Median
$202.50
← Below all targets
$129.02
Low
$175.00
High
$230.00
Median target
$202.50
+57.0%
Mean target
$205.25
+59.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
Next Report
Aug 25, 2026
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2027 | $0.51 | $0.46 | — |
| June 30, 2026 | $0.51 | $0.46 | 0.05% |
| March 31, 2026 | $0.44 | $0.44 | -0.00% |
| Dec. 31, 2025 | $0.48 | $0.45 | 0.03% |
| Sept. 30, 2025 | $0.41 | $0.41 | 0.00% |
| June 30, 2025 | $0.38 | $0.38 | 0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SMTC | $7.51B | -176.1 | 15.5% | -3.9% | -7.3% | 51.6% |
| GFS | — | — | — | — | — | — |
| FSLR | $28.03B | 18.4 | 24.1% | 29.3% | 16.9% | 40.6% |
| MTSI | $9.49B | -174.5 | 32.6% | -5.6% | -4.3% | 54.7% |
| 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% |
| SWKS | — | 25.0 | -2.2% | — | — | — |
| RMBS | $9.90B | 43.5 | 27.1% | 32.6% | 17.8% | 79.6% |
| QRVO | $6.79B | 21.4 | -1.1% | 9.2% | 9.9% | 45.9% |
| 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% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $909M | $869M | $757M | $741M | $595M | $548M | $627M | $588M | $544M | $490M | $558M | |
| Cost of Revenue | $508M | $453M | $573M | $278M | $280M | $239M | $211M | $250M | $236M | $219M | $197M | $229M | |
| Gross Profit | $542M | $457M | $296M | $479M | $461M | $356M | $337M | $377M | $352M | $325M | $293M | $329M | |
| R&D Expense | $196M | $171M | $186M | $167M | $148M | $118M | $107M | $109M | $105M | $102M | $114M | $119M | |
| SG&A Expense | $222M | $222M | $220M | $225M | $168M | $163M | $163M | $145M | $148M | $139M | $141M | $127M | |
| Operating Expenses | $510M | $407M | $1.24B | $386M | $316M | $281M | $285M | $272M | $285M | $241M | $263M | $287M | |
| Operating Income | $33M | $50M | $-944M | $93M | $145M | $75M | $52M | $105M | $67M | $84M | $30M | $42M | |
| Interest Expense | $41M | $90M | $96M | $18M | $5M | $5M | · | · | · | · | $8M | $6M | |
| Interest Income | $3M | $2M | $3M | $6M | $1M | $3M | · | · | · | $205.0K | $13.0K | $43.0K | |
| Other Non-op | $-5M | $267.0K | $-542.0K | $-1M | $-989.0K | $-2M | $3M | $4M | $3M | $-2M | $-2M | $165.0K | |
| Pretax Income | $-21M | $-183M | $-1.04B | $78M | $139M | $63M | $45M | $70M | $58M | $73M | $20M | $36M | |
| Income Tax | $20M | $-22M | $51M | $17M | $16M | $3M | $13M | $355.0K | $23M | $18M | $9M | $9M | |
| Net Income | $-40M | $-162M | $-1.09B | $61M | $126M | $60M | $32M | $70M | $35M | $55M | $11M | $28M | |
| EPS (Basic) | $-0.46 | $-2.26 | $-17.03 | $0.96 | $1.94 | $0.92 | $0.48 | $1.06 | $0.52 | $0.84 | $0.18 | $0.42 | |
| EPS (Diluted) | $-0.46 | $-2.26 | $-17.03 | $0.96 | $1.92 | $0.91 | $0.47 | $1.02 | $0.51 | $0.83 | $0.17 | $0.41 | |
| Shares (Basic) | 88,374,000 | 71,606,000 | 64,127,000 | 63,770,000 | 64,662,000 | 65,208,000 | 66,263,000 | 65,982,000 | 66,027,000 | 65,427,000 | 65,657,000 | 67,108,000 | |
| Shares (Diluted) | 88,374,000 | 71,606,000 | 64,127,000 | 64,013,000 | 65,565,000 | 66,059,000 | 67,418,000 | 68,481,000 | 67,605,000 | 66,109,000 | 65,961,000 | 67,685,000 | |
| EBITDA | $33M | $50M | $-944M | $93M | $145M | $75M | $92M | $148M | $118M | $131M | $30M | $42M |
Balance Sheet 26
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $195M | $152M | $129M | $236M | $280M | $269M | $293M | $312M | $308M | $297M | $212M | $230M | |
| Receivables | $161M | $163M | $134M | $162M | $72M | $70M | $62M | $79M | $53M | $51M | $44M | $69M | |
| Inventory | $196M | $164M | $145M | $208M | $114M | $87M | $73M | $64M | $71M | $66M | $64M | $74M | |
| Other Current Assets | $88M | $94M | $114M | $112M | $31M | $26M | $22M | $22M | $17M | $18M | $16M | $19M | |
| Current Assets | $655M | $585M | $534M | $723M | $502M | $475M | $461M | $485M | $461M | $438M | $341M | $397M | |
| PP&E (Net) | $109M | $126M | $154M | $169M | $135M | $131M | $124M | $118M | $125M | $109M | $101M | $115M | |
| PP&E (Gross) | $450M | $440M | $437M | $427M | $390M | $365M | $339M | $315M | $304M | $270M | $245M | $236M | |
| Accum. Depreciation | $340M | $314M | $284M | $258M | $255M | $234M | $215M | $196M | $180M | $161M | $144M | $121M | |
| Goodwill | $458M | $533M | $541M | $1.28B | $351M | $351M | $351M | $351M | $342M | $330M | $330M | $280M | |
| Intangibles | $40M | $33M | $36M | $215M | $7M | $12M | $20M | $37M | $60M | $62M | $88M | $102M | |
| Other Non-current Assets | $114M | $100M | $91M | $117M | $108M | $88M | $76M | $57M | $94M | $67M | $44M | $35M | |
| Total Assets | $1.41B | $1.42B | $1.37B | $2.57B | $1.13B | $1.08B | $1.05B | $1.06B | $1.09B | $1.01B | $912M | $929M | |
| Accrued Liabilities | $192M | $178M | $172M | $253M | $78M | $59M | $51M | $68M | $61M | $55M | $41M | $50M | |
| Current Liabilities | $276M | $283M | $217M | $397M | $128M | $110M | $99M | $130M | $126M | $123M | $104M | $108M | |
| Capital Leases | $21M | $19M | $22M | $26M | $17M | $13M | $8M | · | · | · | · | · | |
| Deferred Tax | $101.0K | $750.0K | $829.0K | $5M | $1M | $976.0K | $4M | $3M | $15M | $7M | $7M | $2M | |
| Other Non-current Liabilities | $93M | $87M | $92M | $115M | $92M | $93M | $78M | $54M | $69M | $50M | $34M | $33M | |
| Long-term Debt | $491M | $552M | $1.37B | $1.34B | $172M | · | $195M | $211M | $227M | $241M | $258M | $253M | |
| Total Debt | $491M | $552M | $1.37B | $1.34B | $172M | $179M | $195M | $211M | $227M | $241M | $258M | $253M | |
| Common Stock | $1M | $990.0K | $785.0K | $785.0K | $785.0K | $785.0K | $785.0K | $785.0K | $785.0K | $785.0K | $785.0K | $785.0K | |
| Retained Earnings | $-436M | $-396M | $-234M | $858M | $797M | $671M | $612M | $580M | $501M | $468M | $413M | $402M | |
| Treasury Stock | $474M | $521M | $557M | $578M | $550M | $439M | $388M | $346M | $252M | $253M | $266M | $223M | |
| AOCI | $-8M | $-12M | $-3M | $3M | $-2M | $-8M | $-6M | $-4M | $-1M | $-1M | $653.0K | $163.0K | |
| Stockholders' Equity | $550M | $542M | $-307M | $756M | $738M | $699M | $677M | $683M | $665M | $605M | $528M | $551M | |
| Liabilities + Equity | $1.41B | $1.42B | $1.37B | $2.57B | $1.13B | $1.08B | $1.05B | $1.06B | $1.09B | $1.01B | $912M | $929M | |
| Shares Outstanding | 92,668,555 | 86,272,439 | 64,415,861 | 63,870,581 | 64,098,565 | 65,098,379 | 65,758,115 | 65,238,255 | 66,280,129 | 65,793,083 | 64,998,368 | 66,812,919 |
Cash Flow 19
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | $40M | $50M | $49M | $47M | $49M | $55M | |
| Stock-based Comp | $58M | $68M | $40M | $39M | $51M | $53M | $52M | $67M | $50M | $31M | $20M | $30M | |
| Deferred Tax | $6M | $-23M | $40M | $-15M | $-2M | $-8M | $-6M | $-21M | $7M | $2M | $173.0K | $-11.0K | |
| Amort. of Intangibles | $631.0K | $884.0K | $15M | $821.0K | $0 | $589.0K | $17M | $27M | $28M | $25M | $25M | $26M | |
| Restructuring | $4M | $5M | $25M | $12M | $0 | $-200.0K | $2M | $700.0K | $6M | $2M | $5M | $1M | |
| Other Non-cash | · | · | · | · | · | · | $716.0K | $19M | $-30M | $-17M | · | · | |
| Operating Cash Flow | $181M | $58M | $-94M | $127M | $203M | $119M | $119M | $184M | $111M | $118M | $102M | $106M | |
| CapEx | $10M | $8M | $29M | $28M | $26M | $33M | $23M | $17M | $35M | $33M | $13M | $32M | |
| Investing Cash Flow | $-39M | $-12M | $-23M | $-1.25B | $-40M | $-43M | $-34M | $-36M | $-66M | $-14M | $-67M | $-41M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $5M | |
| Net Debt Issued | $-181M | $-441M | $-272M | · | · | · | · | · | · | · | $-31M | $-39M | |
| Stock Issued | $0 | $641M | $0 | $0 | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | $0 | $0 | $50M | $130M | $71M | $70M | $116M | $15M | $1M | $57M | $41M | |
| Net Stock Activity | $0 | $641M | $0 | $-50M | $-130M | $-71M | $-70M | $-116M | $-15M | $-1M | $-57M | $-41M | |
| Financing Cash Flow | $-101M | $-22M | $11M | $1.08B | $-152M | $-100M | $-103M | $-143M | $-35M | $-19M | $-54M | $-78M | |
| Net Change in Cash | $43M | $23M | $-107M | $-44M | $11M | · | · | $4M | $11M | $85M | $-19M | $-13M | |
| Taxes Paid | $4M | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $171M | $50M | $-123M | $98M | $177M | $86M | $96M | $167M | $76M | $85M | $89M | $74M | |
| Levered FCF | $93M | $-29M | $-224M | $85M | · | · | · | · | · | · | $85M | $70M |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.6% | 50.2% | 34.1% | 63.3% | 62.9% | 61.1% | 61.5% | 60.1% | 59.9% | 59.7% | 59.8% | 58.9% | |
| Operating Margin | 3.1% | 5.5% | -108.7% | 12.3% | 19.6% | 12.6% | 9.5% | 15.7% | 11.7% | 15.4% | 6.1% | 7.6% | |
| Net Margin | -3.9% | -17.8% | -125.7% | 8.1% | 17.0% | 10.1% | 5.8% | 10.1% | 6.2% | 10.0% | 2.4% | 5.0% | |
| Pretax Margin | -2.0% | -20.2% | -119.9% | 10.4% | 18.8% | 10.6% | 8.1% | 10.1% | 10.2% | 13.4% | 4.2% | 6.5% | |
| EBITDA Margin | 3.1% | 5.5% | -108.7% | 12.3% | 19.6% | 12.6% | 16.7% | 23.6% | 20.0% | 24.1% | 6.1% | 7.6% | |
| ROA | -2.9% | -11.6% | -55.4% | 3.3% | 11.4% | 5.6% | 3.0% | 5.9% | 3.5% | 5.7% | 1.2% | 3.0% | |
| ROE | -7.3% | -80.4% | -487.1% | 8.2% | 17.5% | 8.7% | 4.7% | 9.2% | 5.7% | 9.7% | 2.1% | 5.1% | |
| ROIC | 6.1% | 4.0% | -93.1% | 3.5% | 14.2% | 8.1% | 4.2% | 11.0% | 4.7% | 7.4% | 2.1% | 4.0% |
Liquidity & Solvency 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | 2.1 | 2.5 | 1.8 | 3.9 | 4.3 | 4.7 | 3.7 | 3.7 | 3.6 | 3.3 | 3.7 | |
| Quick Ratio | 1.3 | 1.1 | 1.2 | 1.0 | 2.7 | 3.1 | 3.6 | 3.0 | 2.9 | 2.8 | 2.5 | 2.8 | |
| Debt / Equity | 0.9 | 1.0 | -4.5 | 1.8 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.5 | |
| LT Debt / Equity | 0.9 | 0.9 | -4.5 | 1.7 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | |
| Interest Coverage | 0.8 | 0.6 | -9.9 | 5.3 | · | · | · | · | · | · | 3.8 | 7.1 |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.4 | 0.4 | 0.7 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | |
| Inventory Turnover | 2.8 | 2.9 | 3.2 | 1.7 | 2.7 | 2.9 | 3.1 | 3.7 | 3.4 | 3.4 | · | · | |
| Receivables Turnover | 6.5 | 6.1 | 5.9 | 6.5 | 10.4 | 9.0 | 7.8 | 9.5 | 11.2 | 11.4 | 8.6 | 8.2 |
Growth Rates 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 15.5% | 4.7% | 14.8% | 2.1% | 24.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 11.6% | 7.1% | 13.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 12.0% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | -50.0% | 111.0% | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | -51.2% | 109.8% | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.05B | $909M | $869M | $757M | $741M | $595M | $548M | $627M | $588M | $544M | $490M | $558M | |
| Net Income TTM | $-40M | $-162M | $-1.09B | $61M | $126M | $60M | $32M | $70M | $35M | $55M | $11M | $28M | |
| Market Cap | $7.51B | $6.30B | $1.33B | $2.12B | $4.35B | $4.62B | $3.45B | $3.25B | $2.42B | $2.22B | $1.31B | $1.81B | |
| Enterprise Value | $7.80B | $6.70B | $2.57B | $3.22B | $4.24B | $4.53B | $3.36B | $3.15B | $2.33B | $2.16B | $1.35B | $1.83B | |
| P/E | -176.1 | -32.3 | -1.2 | 34.5 | 35.3 | 78.0 | 111.7 | 48.8 | 71.5 | 40.6 | 118.2 | 66.0 | |
| P/S | 7.1 | 6.9 | 1.5 | 2.8 | 5.9 | 7.8 | 6.3 | 5.2 | 4.1 | 4.1 | 2.7 | 3.2 | |
| P/B | 13.7 | 11.6 | -4.3 | 2.8 | 5.9 | 6.6 | 5.1 | 4.8 | 3.6 | 3.7 | 2.5 | 3.3 | |
| P / Tangible Book | 145.0 | · | · | · | 11.5 | 13.8 | · | · | · | · | · | · | |
| P / Cash Flow | 41.4 | 108.6 | -14.1 | 16.7 | 21.4 | 38.8 | 29.1 | 17.7 | 21.7 | 18.9 | 12.8 | 17.0 | |
| P / FCF | 43.8 | 125.7 | -10.8 | 21.5 | 24.6 | 53.6 | 36.1 | 19.5 | 31.8 | 26.2 | 14.7 | 24.3 | |
| EV / EBITDA | 239.6 | 134.2 | -2.7 | 34.7 | 29.2 | 60.4 | 36.6 | 21.2 | 19.8 | 16.5 | 45.1 | 43.3 | |
| EV / FCF | 45.5 | 133.7 | -20.9 | 32.7 | 24.0 | 52.5 | 35.1 | 18.9 | 30.7 | 25.5 | 15.2 | 24.6 | |
| EV / Revenue | 7.4 | 7.4 | 3.0 | 4.3 | 5.7 | 7.6 | 6.1 | 5.0 | 4.0 | 4.0 | 2.8 | 3.3 | |
| Earnings Yield | -0.57% | -3.1% | -82.7% | 2.9% | 2.8% | 1.3% | 0.89% | 2.1% | 1.4% | 2.5% | 0.85% | 1.5% |
Income Statement 18
| 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 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $291M | $274M | $267M | $258M | $251M | $251M | $237M | $215M | $206M | $193M | $201M | $238M | $237M | $168M | $178M | $209M | |
| Cost of Revenue | $140M | $136M | $128M | $123M | $120M | $120M | $116M | $110M | $107M | $193M | $108M | $138M | $134M | $67M | $63M | $74M | |
| Gross Profit | $151M | $138M | $138M | $134M | $131M | $131M | $121M | $105M | $100M | $-390.0K | $93M | $101M | $103M | $100M | $115M | $135M | |
| R&D Expense | $58M | $51M | $49M | $48M | $48M | $47M | $43M | $40M | $42M | $42M | $47M | $47M | $51M | $53M | $35M | $41M | |
| SG&A Expense | $67M | $60M | $57M | $58M | $46M | $55M | $60M | $56M | $52M | $55M | $48M | $60M | $58M | $93M | $40M | $48M | |
| Operating Expenses | $126M | $157M | $107M | $150M | $95M | $109M | $103M | $98M | $96M | $620M | $105M | $401M | $115M | $156M | $77M | $71M | |
| Operating Income | $26M | $-18M | $31M | $-16M | $36M | $21M | $18M | $8M | $3M | $-620M | $-12M | $-300M | $-12M | $-56M | $37M | $64M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | · | $21M | · | · | · | |
| Interest Income | $888.0K | $834.0K | $790.0K | $529.0K | $369.0K | $800.0K | $527.0K | $433.0K | $542.0K | $734.0K | $574.0K | $674.0K | $1M | $4M | $839.0K | $555.0K | |
| Other Non-op | $231.0K | $-722.0K | $-427.0K | $-1M | $-3M | $2M | $-1M | $-1M | $400.0K | $-2M | $4M | $-2M | $-473.0K | $-735.0K | $-64.0K | $-430.0K | |
| Pretax Income | $25M | $-30M | $4M | $-22M | $27M | $7M | $-4M | $-166M | $-20M | $-646M | $-39M | $-325M | $-32M | $-60M | $29M | $63M | |
| Income Tax | $112.0K | $-937.0K | $7M | $5M | $9M | $-33M | $4M | $4M | $3M | $-3M | $-311.0K | $57M | $-2M | $-9M | $6M | $12M | |
| Net Income | $27M | $-30M | $-3M | $-27M | $19M | $39M | $-8M | $-170M | $-23M | $-642M | $-38M | $-382M | $-29M | $-51M | $23M | $52M | |
| EPS (Basic) | $0.29 | $-0.34 | $-0.03 | $-0.31 | $0.22 | $0.81 | $-0.10 | $-2.61 | $-0.36 | $-10.00 | $-0.60 | $-5.97 | $-0.46 | $-0.80 | $0.36 | $0.81 | |
| EPS (Diluted) | $0.27 | $-0.34 | $-0.03 | $-0.31 | $0.22 | $0.81 | $-0.10 | $-2.61 | $-0.36 | $-10.00 | $-0.60 | $-5.97 | $-0.46 | $-0.80 | $0.36 | $0.81 | |
| Shares (Basic) | 92,905,000 | -172,456,000 | 87,682,000 | 86,707,000 | 86,441,000 | -133,503,000 | 75,319,000 | 65,281,000 | 64,509,000 | -128,018,000 | 64,216,000 | 64,005,000 | 63,924,000 | 32,000 | 63,764,000 | 63,500,000 | |
| Shares (Diluted) | 98,028,000 | -175,594,000 | 87,682,000 | 86,707,000 | 89,579,000 | -133,503,000 | 75,319,000 | 65,281,000 | 64,509,000 | -128,018,000 | 64,216,000 | 64,005,000 | 63,924,000 | -27,000 | 63,855,000 | 63,977,000 | |
| EBITDA | $35M | · | $31M | $-16M | $46M | · | $18M | $8M | $14M | · | $-12M | $-300M | $13M | · | $37M | $64M |
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 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $163M | $195M | $165M | $169M | $156M | $152M | $137M | $116M | $127M | · | $124M | $148M | $164M | · | $618M | $362M | |
| Receivables | $175M | $161M | $165M | $154M | $166M | $163M | $142M | $153M | $154M | · | $157M | $159M | $145M | · | $81M | $71M | |
| Inventory | $205M | $196M | $186M | $183M | $170M | $164M | $163M | $156M | $149M | · | $161M | $180M | $213M | · | $111M | $108M | |
| Other Current Assets | $84M | $88M | $94M | $97M | $97M | $94M | $108M | $101M | $100M | · | $121M | $135M | $130M | · | $23M | $34M | |
| Current Assets | $649M | $655M | $621M | $615M | $598M | $585M | $558M | $542M | $539M | · | $572M | $630M | $664M | · | $835M | $577M | |
| PP&E (Net) | $107M | $109M | $111M | $116M | $120M | $126M | $133M | $140M | $147M | · | $159M | $161M | $165M | · | $136M | $134M | |
| PP&E (Gross) | · | $450M | · | · | · | $440M | · | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $347M | $340M | $333M | $326M | $318M | $314M | $308M | $300M | $291M | · | $279M | $273M | $267M | · | $259M | $254M | |
| Goodwill | $471M | $458M | $492M | $492M | $534M | $533M | $541M | $541M | $541M | · | $1.01B | $1.02B | $1.29B | · | $350M | $350M | |
| Intangibles | $59M | $40M | $33M | $35M | $36M | $33M | $37M | $35M | $35M | · | $168M | $183M | $199M | · | $4M | $5M | |
| Other Non-current Assets | $122M | $114M | $115M | $112M | $105M | $100M | $91M | $92M | $99M | · | $111M | $112M | $115M | · | $117M | $107M | |
| Total Assets | $1.44B | $1.41B | $1.41B | $1.41B | $1.43B | $1.42B | $1.38B | $1.37B | $1.38B | · | $2.04B | $2.12B | $2.50B | · | $1.47B | $1.20B | |
| Accrued Liabilities | $183M | $192M | $180M | $172M | $167M | $178M | $172M | $149M | $160M | · | $184M | $216M | $193M | · | $95M | $86M | |
| Current Liabilities | $274M | $276M | $255M | $243M | $236M | $283M | $235M | $225M | $225M | · | $239M | $321M | $310M | · | $140M | $140M | |
| Capital Leases | $20M | $21M | $19M | $20M | $20M | $19M | $19M | $21M | $20M | · | $23M | $26M | $25M | · | $14M | $16M | |
| Deferred Tax | $0 | $101.0K | $545.0K | $1M | $715.0K | $750.0K | $0 | $0 | $0 | · | $5M | $5M | $5M | · | $1M | $1M | |
| Other Non-current Liabilities | $100M | $93M | $94M | $90M | $84M | $87M | $93M | $92M | $91M | · | $87M | $95M | $116M | · | $78M | $88M | |
| Long-term Debt | · | $491M | $490M | $519M | $543M | $552M | · | · | · | · | $1.37B | $1.38B | $1.38B | · | · | · | |
| Total Debt | $492M | · | $490M | $519M | $543M | · | $1.19B | $1.19B | $1.37B | · | $1.37B | $1.38B | $1.38B | · | $455M | $172M | |
| Common Stock | $1M | $1M | $1M | $990.0K | $990.0K | $990.0K | $885.0K | $885.0K | $785.0K | · | $785.0K | $785.0K | $785.0K | · | $785.0K | $785.0K | |
| Retained Earnings | $-409M | $-436M | $-406M | $-403M | $-376M | $-396M | $-435M | $-427M | $-257M | · | $409M | $447M | $829M | · | $909M | $887M | |
| Treasury Stock | $462M | $474M | $487M | $501M | $506M | $521M | $536M | $549M | $553M | · | $561M | $573M | $575M | · | $579M | $594M | |
| AOCI | $-7M | $-8M | $-13M | $-9M | $-9M | $-12M | $-6M | $-3M | $5M | · | $5M | $6M | $736.0K | · | $-571.0K | $-163.0K | |
| Stockholders' Equity | $573M | $550M | $566M | $553M | $569M | $542M | $-140M | $-141M | $-313M | · | $334M | $367M | $733M | · | $792M | $799M | |
| Liabilities + Equity | $1.44B | $1.41B | $1.41B | $1.41B | $1.43B | $1.42B | $1.38B | $1.37B | $1.38B | · | $2.04B | $2.12B | $2.50B | · | $1.47B | $1.20B | |
| Shares Outstanding | 93,129,478 | 92,668,555 | 92,303,006 | 86,771,546 | 86,623,006 | 86,272,439 | 75,401,839 | 75,118,173 | 64,594,260 | 64,415,861 | 64,284,760 | 64,030,212 | 63,957,748 | 63,870,581 | 63,837,729 | 63,516,341 |
Cash Flow 15
| 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 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | · | $10M | $10M | $10M | · | $10M | $13M | $11M | · | $23M | $22M | $25M | · | $7M | · | |
| Stock-based Comp | $26M | $16M | $17M | $17M | $7M | $17M | $18M | $17M | $15M | $12M | $7M | $13M | $8M | $12M | $3M | · | |
| Amort. of Intangibles | $328.0K | $188.0K | $148.0K | $148.0K | $147.0K | $147.0K | $148.0K | $282.0K | $307.0K | $307.0K | $5M | $5M | $5M | $821.0K | $0 | $0 | |
| Restructuring | $1M | $800.0K | $700.0K | $2M | $1M | $400.0K | $700.0K | $2M | $2M | $9M | $4M | $10M | $2M | $10M | $2M | $0 | |
| Other Non-cash | $-26M | · | · | · | $-9M | · | · | · | $-3M | · | · | · | $-93M | · | · | · | |
| Operating Cash Flow | $36M | $61M | $47M | $44M | $28M | $33M | $30M | $-5M | $-89.0K | $14M | $-6M | $-12M | $-90M | $-19M | $18M | · | |
| CapEx | $8M | $2M | $3M | $3M | $2M | $3M | $483.0K | $3M | $1M | $2M | $7M | $7M | $14M | $6M | $7M | · | |
| Investing Cash Flow | $-42M | $-25M | $-4M | $-5M | $-5M | $-8M | $-1M | $-4M | $2M | $4M | $-7M | $-5M | $-14M | $-1.25B | $-11M | · | |
| Net Debt Issued | · | · | · | $-25M | $-10M | · | · | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $0 | · | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | · | |
| Financing Cash Flow | $-26M | $-7M | $-47M | $-28M | $-19M | $-10M | $-8M | $-1M | $-3M | $-14M | $-10M | $999.0K | $34M | $883M | $248M | · | |
| Net Change in Cash | $-32M | $31M | $-4M | $12M | $5M | $15M | $21M | $-11M | $-2M | $5M | $-24M | $-16M | $-71M | $-382M | $256M | · | |
| Free Cash Flow | $28M | · | · | · | $26M | · | · | · | $-1M | · | · | · | $-104M | · | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | · | $-123M | · | · | · |
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 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.0% | · | 51.9% | 52.1% | 52.3% | · | 51.1% | 49.0% | 48.3% | · | 46.3% | 42.3% | 43.5% | · | 65.1% | 64.9% | |
| Operating Margin | 8.9% | · | 11.6% | -6.3% | 14.3% | · | 7.5% | 3.6% | 1.5% | · | -6.2% | -125.9% | -5.0% | · | 21.0% | 30.6% | |
| Net Margin | 9.1% | · | -1.1% | -10.5% | 7.7% | · | -3.2% | -79.1% | -11.2% | · | -19.0% | -160.2% | -12.4% | · | 12.8% | 24.7% | |
| Pretax Margin | 8.6% | · | 1.7% | -8.6% | 10.7% | · | -1.5% | -77.1% | -9.8% | · | -19.2% | -136.5% | -13.5% | · | 16.4% | 30.3% | |
| EBITDA Margin | 12.0% | · | 11.6% | -6.3% | 18.4% | · | 7.5% | 3.6% | 6.6% | · | -6.2% | -125.9% | 5.3% | · | 21.0% | 30.6% | |
| ROA | 1.8% | · | -0.21% | -1.9% | 1.4% | · | -0.44% | -9.8% | -1.2% | · | -2.2% | -23.0% | -1.6% | · | 1.8% | 4.5% | |
| ROE | 4.7% | · | -1.3% | -13.2% | 15.1% | · | -7.8% | -151.1% | -11.0% | · | -6.8% | -65.5% | -4.0% | · | 3.0% | 6.9% | |
| ROIC | 2.4% | · | -1.9% | -1.8% | 2.2% | · | 3.6% | 0.76% | 0.34% | · | -0.72% | -20.1% | -0.52% | · | 2.3% | 5.3% |
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 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | · | 2.4 | 2.5 | 2.5 | · | 2.4 | 2.4 | 2.4 | · | 2.4 | 2.0 | 2.1 | · | 6.0 | 4.1 | |
| Quick Ratio | 1.2 | · | 1.3 | 1.3 | 1.4 | · | 1.2 | 1.2 | 1.2 | · | 1.2 | 1.0 | 1.0 | · | 5.0 | 3.1 | |
| Debt / Equity | 0.9 | · | 0.9 | 0.9 | 1.0 | · | -8.5 | -8.4 | -4.4 | · | 4.1 | 3.8 | 1.9 | · | 0.6 | 0.2 | |
| LT Debt / Equity | 0.9 | · | 0.9 | 0.9 | 1.0 | · | -8.5 | -8.4 | -4.4 | · | 4.1 | 3.6 | 1.8 | · | 0.6 | 0.2 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | · | -0.6 | · | · | · |
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 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.2 | |
| Inventory Turnover | 0.7 | · | 0.7 | 0.7 | 0.8 | · | 0.7 | 0.7 | 0.6 | · | 0.8 | 1.0 | 0.8 | · | 0.6 | 0.7 | |
| Receivables Turnover | 1.7 | · | 1.7 | 1.7 | 1.6 | · | 1.6 | 1.4 | 1.4 | · | 1.7 | 2.1 | 2.2 | · | 2.3 | 2.9 |
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 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.07B | · | $1.01B | $961M | $909M | · | $859M | $861M | $882M | · | $853M | $862M | $826M | · | $784M | $791M | |
| Net Income TTM | $16M | · | $-18M | $-186M | $-182M | · | $-239M | $-614M | $-473M | · | $-427M | $-337M | $83M | · | $147M | $157M | |
| Market Cap | $10.22B | · | $6.26B | $4.60B | $2.60B | · | $3.43B | $2.33B | $2.31B | · | $932M | $1.82B | $1.25B | · | $1.78B | $3.96B | |
| Enterprise Value | $10.55B | · | $6.58B | $4.96B | $2.99B | · | $4.48B | $3.40B | $3.56B | · | $2.18B | $3.06B | $2.46B | · | $1.62B | $3.77B | |
| P/E | 731.9 | · | -308.1 | -19.0 | -10.5 | · | -12.4 | -3.2 | -4.8 | · | -2.2 | -5.4 | 15.0 | · | 12.2 | 25.7 | |
| P/S | 9.6 | · | 6.2 | 4.8 | 2.9 | · | 4.0 | 2.7 | 2.6 | · | 1.1 | 2.1 | 1.5 | · | 2.3 | 5.0 | |
| P/B | 17.8 | · | 11.1 | 8.3 | 4.6 | · | -24.5 | -16.5 | -7.4 | · | 2.8 | 5.0 | 1.7 | · | 2.3 | 5.0 | |
| P / Tangible Book | 236.8 | · | 154.8 | 176.8 | · | · | · | · | · | · | · | · | · | · | 4.1 | 8.9 | |
| P / Cash Flow | 282.6 | · | · | · | 93.5 | · | · | · | -25961.1 | · | · | · | -13.9 | · | · | · | |
| P / FCF | 365.0 | · | · | · | 99.4 | · | · | · | -1623.7 | · | · | · | -12.0 | · | · | · | |
| EV / EBITDA | 301.9 | · | 212.0 | -306.0 | 64.7 | · | 252.0 | 438.3 | 260.7 | · | -176.3 | -10.2 | 194.7 | · | 43.4 | 58.9 | |
| EV / FCF | 376.8 | · | · | · | 114.1 | · | · | · | -2499.8 | · | · | · | -23.7 | · | · | · | |
| EV / Revenue | 9.9 | · | 6.5 | 5.2 | 3.3 | · | 5.2 | 4.0 | 4.0 | · | 2.6 | 3.6 | 3.0 | · | 2.1 | 4.8 | |
| Earnings Yield | 0.14% | · | -0.32% | -5.3% | -9.5% | · | -8.1% | -30.8% | -20.7% | · | -46.0% | -18.5% | 6.7% | · | 8.2% | 3.9% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-01-25 | 2025-01-26 | 2024-01-28 | 2023-01-29 | 2022-01-30 | |
|---|---|---|---|---|---|
| Revenue | $1.05B | $909M | $869M | $757M | $741M |
| Gross Margin % | 51.6% | 50.2% | 34.1% | 63.3% | 62.9% |
| Operating Margin % | 3.1% | 5.5% | -108.7% | 12.3% | 19.6% |
| Net Income | $-40M | $-162M | $-1.09B | $61M | $126M |
| Diluted EPS | $-0.46 | $-2.26 | $-17.03 | $0.96 | $1.92 |
Balance Sheet
| 2026-01-25 | 2025-01-26 | 2024-01-28 | 2023-01-29 | 2022-01-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.9 | 1.0 | -4.5 | 1.8 | 0.2 |
| Current Ratio | 2.4 | 2.1 | 2.5 | 1.8 | 3.9 |
| Quick Ratio | 1.3 | 1.1 | 1.2 | 1.0 | 2.7 |
Cash Flow
| 2026-01-25 | 2025-01-26 | 2024-01-28 | 2023-01-29 | 2022-01-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $171M | $50M | $-123M | $98M | $177M |
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Institutional owners (13F) 624 filers · $10.9B 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.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 201 (+98 vs prior Q) | 48 (+4 vs prior Q) | 163 (-14 vs prior Q) | 185 (+63 vs prior Q) | +5.2M |
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 |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $862,432,939 | 5,328,594 | 7.94% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $679,687,942 | 4,199,493 | 6.25% | Shares |
| STATE STREET CORP | $548,394,674 | 3,389,044 | 5.05% | Shares |
| AMERIPRISE FINANCIAL INC | $507,810,187 | 3,139,111 | 4.67% | Shares |
| Capital Research Global Investors | $478,174,819 | 2,954,432 | 4.40% | Shares |
| Hood River Capital Management LLC | $364,224,327 | 2,250,382 | 3.35% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $309,042,779 | 1,898,441 | 2.84% | Shares |
| JANE STREET GROUP, LLC | $259,316,070 | 1,602,200 | 2.39% | Call option |
| WELLINGTON MANAGEMENT GROUP LLP | $216,772,179 | 1,339,340 | 1.99% | Shares |
| BANK OF AMERICA CORP /DE/ | $206,683,421 | 1,277,006 | 1.90% | Shares |
| NORGES BANK | $201,961,771 | 1,247,833 | 1.86% | Shares |
| MILLENNIUM MANAGEMENT LLC | $184,766,989 | 1,141,594 | 1.70% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $183,419,455 | 1,133,268 | 1.69% | Shares |
| DISCIPLINED GROWTH INVESTORS INC /MN | $154,572,172 | 955,033 | 1.42% | Shares |
| CITADEL ADVISORS LLC | $151,734,375 | 937,500 | 1.40% | Call option |
| TREMBLANT CAPITAL GROUP | $143,604,326 | 887,268 | 1.32% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $137,873,217 | 851,858 | 1.27% | Shares |
| JANE STREET GROUP, LLC | $133,904,817 | 827,339 | 1.23% | Shares |
| TWO SIGMA INVESTMENTS, LP | $132,862,341 | 820,898 | 1.22% | Shares |
| Artisan Partners Limited Partnership | $123,641,105 | 763,924 | 1.14% | Shares |
| WELLS FARGO & COMPANY/MN | $121,387,500 | 750,000 | 1.12% | Call option |
| ALLIANCEBERNSTEIN L.P. | $120,488,475 | 1,567,024 | 1.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $117,438,360 | 725,600 | 1.08% | Call option |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $113,316,000 | 700,128 | 1.04% | Shares |
| Point72 Asset Management, L.P. | $110,361,469 | 681,875 | 1.02% | Shares |
| Squarepoint Ops LLC | $106,583,890 | 658,535 | 0.98% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $97,456,359 | 602,140 | 0.90% | Shares |
| CITADEL ADVISORS LLC | $93,040,120 | 574,854 | 0.86% | Shares |
| Capital International Investors | $89,400,437 | 552,366 | 0.82% | Shares |
| Atreides Management, LP | $89,213,986 | 551,214 | 0.82% | Shares |
| Dorsal Capital Management, LP | $89,017,500 | 550,000 | 0.82% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $88,818,263 | 548,769 | 0.82% | Shares |
| JENNISON ASSOCIATES LLC | $80,645,161 | 498,271 | 0.74% | Shares |
| NEUBERGER BERMAN GROUP LLC | $80,289,576 | 497,367 | 0.74% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $74,758,515 | 461,900 | 0.69% | Put option |
| GOLDMAN SACHS GROUP INC | $71,391,711 | 441,098 | 0.66% | Shares |
| Driehaus Capital Management LLC | $67,917,601 | 419,633 | 0.62% | Shares |
| EMERALD ADVISERS, LLC | $63,611,906 | 393,030 | 0.59% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $63,089,928 | 404,060 | 0.58% | Shares |
| Qube Research & Technologies Ltd | $57,206,206 | 353,452 | 0.53% | Shares |
| CITIGROUP INC | $56,949,350 | 351,865 | 0.52% | Shares |
| Assenagon Asset Management S.A. | $56,597,003 | 349,688 | 0.52% | Shares |
| Parallax Volatility Advisers, L.P. | $55,368,885 | 342,100 | 0.51% | Put option |
| RHUMBLINE ADVISERS | $53,335,343 | 329,536 | 0.49% | Shares |
| CRAMER ROSENTHAL MCGLYNN LLC | $53,109,459 | 328,140 | 0.49% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $51,906,428 | 320,707 | 0.48% | Shares |
| Portolan Capital Management, LLC | $47,684,085 | 294,619 | 0.44% | Shares |
| CITADEL ADVISORS LLC | $44,249,790 | 273,400 | 0.41% | Put option |
| D. E. Shaw & Co., Inc. | $44,081,952 | 272,363 | 0.41% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $43,874,782 | 271,083 | 0.40% | Shares |
| Alta Park Capital, LP | $41,747,265 | 257,938 | 0.38% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $41,653,554 | 257,359 | 0.38% | Shares |
| Broad Bay Capital Management, LP | $40,252,095 | 248,700 | 0.37% | Shares |
| Public Sector Pension Investment Board | $39,594,498 | 244,637 | 0.36% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $39,313,365 | 242,900 | 0.36% | Shares |
| LOOMIS SAYLES & CO L P | $37,608,761 | 232,368 | 0.35% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $36,583,279 | 226,032 | 0.34% | Shares |
| Walleye Capital LLC | $36,028,134 | 222,602 | 0.33% | Shares |
| Park West Asset Management LLC | $35,795,070 | 221,162 | 0.33% | Shares |
| FIRST TRUST ADVISORS LP | $35,223,253 | 217,629 | 0.32% | Shares |
| Schonfeld Strategic Advisors LLC | $35,169,518 | 217,297 | 0.32% | Shares |
| JANE STREET GROUP, LLC | $34,943,415 | 215,900 | 0.32% | Put option |
| PRINCIPAL FINANCIAL GROUP INC | $34,054,049 | 210,405 | 0.31% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $33,521,725 | 207,116 | 0.31% | Shares |
| Quadrature Capital Ltd | $33,100,591 | 204,514 | 0.30% | Shares |
| Walleye Trading LLC | $33,001,215 | 203,900 | 0.30% | Put option |
| E20 Capital Ltd | $32,397,029 | 200,167 | 0.30% | Shares |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $31,338,368 | 193,626 | 0.29% | Shares |
| Fiera Capital Corp | $30,791,639 | 190,248 | 0.28% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $30,391,868 | 187,778 | 0.28% | Shares |
| Swiss National Bank | $30,185,025 | 186,500 | 0.28% | Shares |
| FMR LLC | $29,407,821 | 181,698 | 0.27% | Shares |
| SG Capital Management LLC | $28,486,247 | 176,004 | 0.26% | Shares |
| NOMURA HOLDINGS INC | $28,323,750 | 175,000 | 0.26% | Call option |
| Walleye Trading LLC | $26,733,250 | 165,173 | 0.25% | Shares |
| Walleye Trading LLC | $26,300,625 | 162,500 | 0.24% | Call option |
| Andar Capital Management HK Ltd | $26,219,700 | 162,000 | 0.24% | Shares |
| ING GROEP NV | $26,122,590 | 161,400 | 0.24% | Shares |
| ExodusPoint Capital Management, LP | $26,007,838 | 160,691 | 0.24% | Shares |
| Allspring Global Investments Holdings, LLC | $25,654,677 | 174,486 | 0.24% | Shares |
| Capital World Investors | $25,599,005 | 158,165 | 0.24% | Shares |
| California Public Employees Retirement System | $24,995,467 | 154,436 | 0.23% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $24,783,281 | 153,125 | 0.23% | Shares |
| ROYCE & ASSOCIATES LP | $23,779,488 | 146,923 | 0.22% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $20,634,904 | 127,494 | 0.19% | Shares |
| GF FUND MANAGEMENT CO. LTD. | $20,554,950 | 127,000 | 0.19% | Shares |
| Weiss Asset Management LP | $20,300,846 | 125,430 | 0.19% | Shares |
| BlackRock, Inc. | $20,216,684 | 124,910 | 0.19% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $19,474,925 | 120,327 | 0.18% | Shares |
| Balyasny Asset Management L.P. | $19,449,191 | 120,168 | 0.18% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $19,242,347 | 118,890 | 0.18% | Shares |
| TUDOR INVESTMENT CORP ET AL | $19,203,341 | 118,649 | 0.18% | Shares |
| PALISADE CAPITAL MANAGEMENT, LP | $19,093,768 | 117,972 | 0.18% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $18,867,016 | 116,571 | 0.17% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $18,033,813 | 111,423 | 0.17% | Shares |
| Ardmore Road Asset Management LP | $17,803,500 | 110,000 | 0.16% | Shares |
| FRED ALGER MANAGEMENT, LLC | $17,779,223 | 109,850 | 0.16% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $16,715,544 | 103,278 | 0.15% | Shares |
| Retirement Systems of Alabama | $16,420,654 | 101,456 | 0.15% | Shares |
| BANK OF NOVA SCOTIA | $16,412,561 | 101,406 | 0.15% | Shares |
Company insiders 70 insiders · 44 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Paul H Pickle | President and CEO | May 25, 2024 A | 19,673 | 0 | 0 | $0 |
| Mohan Maheswaran | President and CEO | July 14, 2017 M | 225,372 | 0 | 0 | $0 |
| Mark Lin | EVP and CFO | July 1, 2026 M | 34,896 | 0 | 2 | $-251,862 |
| Emeka Chukwu | Executive VP and CFO | June 1, 2017 M | 75,776 | 0 | 0 | $0 |
| David G Franz JR | Vice President, CFO | Dec. 2, 2005 M | 231,340 | 0 | 0 | $0 |
| Asaf Silberstein | EVP and COO | Aug. 17, 2026 S | 88,862 | 0 | 9 | $-2,599,428 |
| Jason Elliot Green | EVP and CCO | July 7, 2026 S | 8,611 | 0 | 2 | $-294,093 |
| John Michael Wilson | Chief Quality Officer and CTO | June 22, 2026 S | 80,876 | 0 | 2 | $-1,310,600 |
| Imran Sherazi | SVP and GM | June 4, 2025 M | 8,818 | 0 | 0 | $0 |
| William Ross Gray | SVP and GM | June 4, 2025 M | 15,987 | 0 | 0 | $0 |
| Madhusudhan Rayabhari | SVP and GM | June 4, 2025 M | 61,478 | 0 | 0 | $0 |
| Mark P Russell | SVP | March 5, 2025 M | 16,826 | 0 | 0 | $0 |
| Michael W Rodensky | SVP | March 9, 2024 M | 9,830 | 0 | 0 | $0 |
| Thomas John Mueller | EVP | March 7, 2024 M | 5,358 | 0 | 0 | $0 |
| Gary Beauchamp | Executive Vice President | June 9, 2017 M | 0 | 0 | 0 | $0 |
| Marc Pegulu | Vice President | June 7, 2017 S | 10,894 | 0 | 0 | $0 |
| Mark C Costello | Vice President | June 6, 2017 S | 0 | 0 | 0 | $0 |
| Charles B. Ammann | Executive Vice President | June 5, 2017 M | 12,655 | 0 | 0 | $0 |
| Sharon K Faltemier | Senior Vice President | Feb. 26, 2017 M | 16,968 | 0 | 0 | $0 |
| James Jungsup Kim | Senior Vice President | Feb. 25, 2017 M | 32,100 | 0 | 0 | $0 |
| Simon A Brown | Vice President | Feb. 21, 2017 A | 9,127 | 0 | 0 | $0 |
| Alberto Guerra | Chief Marketing Officer | Feb. 23, 2016 A | — | 0 | 0 | $0 |
| Ross Teggatz | Senior Vice President | Feb. 23, 2016 A | — | 0 | 0 | $0 |
| Roger Levinson | Vice President | Aug. 26, 2015 S | 3,004 | 0 | 0 | $0 |
| Alain Dantec | Senior Vice President | March 20, 2015 S | 0 | 0 | 0 | $0 |
| Jeffrey T Pohlman | Executive Vice President | March 10, 2015 M | 141,759 | 0 | 0 | $0 |
| Charles Harper | Senior Vice President | Feb. 28, 2015 M | 71,965 | 0 | 0 | $0 |
| Randall H Holliday | Senior Vice President | March 1, 2014 M | 6,237 | 0 | 0 | $0 |
| Sameer Vuyyuru | Senior Vice President | Aug. 28, 2013 M | 0 | 0 | 0 | $0 |
| Jonathan Jongho Hahn | Chief Information Officer | May 28, 2013 M | 0 | 0 | 0 | $0 |
| Kenneth J Barry | Senior Vice President | March 11, 2013 M | 47,808 | 0 | 0 | $0 |
| David Schie | Senior Vice President | Feb. 28, 2012 A | — | 0 | 0 | $0 |
| Simon Martin Prutton | Vice President | Aug. 13, 2011 M | 13,239 | 0 | 0 | $0 |
| Jose Vargas JR | Vice President | July 7, 2011 M | 74 | 0 | 0 | $0 |
| Clemente Beltran | Vice President | June 7, 2011 M | 19,543 | 0 | 0 | $0 |
| Javed Patel | Senior Vice President | Oct. 12, 2010 M | 73,486 | 0 | 0 | $0 |
| Kevin P Caffey | Vice President | June 6, 2009 F | 15,180 | 0 | 0 | $0 |
| Suzanna Fabos | General Counsel, Secretary | June 6, 2008 F | 23,212 | 0 | 0 | $0 |
| Resat Necdet Necar | Vice President | March 14, 2008 A | 10,000 | 0 | 0 | $0 |
| Mark R Drucker | Vice President | Sept. 28, 2007 S | 32,500 | 0 | 0 | $0 |
| Alan Martin Bennett | Vice President | June 6, 2007 A | 5,000 | 0 | 0 | $0 |
| John Baumann | Treasurer | Jan. 3, 2006 M | 24 | 0 | 0 | $0 |
| John T Shaw | Vice President | Dec. 2, 2005 M | 0 | 0 | 0 | $0 |
| Lawrence Alan King | Vice President | Dec. 2, 2005 M | 0 | 0 | 0 | $0 |
| Paul V Walsh Jr | Director | Aug. 19, 2026 S | 27,100 | 0 | 3 | $-216,770 |
| Gregory Michael Fischer | Director | June 30, 2026 S | 5,678 | 0 | 2 | $-399,045 |
| Martin Burvill | Director | June 4, 2026 A | — | 0 | 0 | $0 |
| Paula Lupriore | Director | June 4, 2026 A | 10,409 | 0 | 0 | $0 |
| Julie Garcia Ruehl | Director | June 3, 2026 A | 8,640 | 0 | 0 | $0 |
| Rodolpho C Cardenuto | Director | June 3, 2026 A | 5,321 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 92 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 |
|---|---|---|---|---|
| PTF · Invesco Exchange-Traded Fund Trust | 2.69% | 130,108 SH | Aug. 21, 2026 | Daily |
| PSI · Invesco Exchange-Traded Fund Trust | 2.42% | 481,550 SH | Aug. 21, 2026 | Daily |
| GSC · Goldman Sachs ETF Trust | 2.04% | 33,745 NS | May 31, 2026 | N-PORT |
| SCAP · Series Portfolios Trust | 1.65% | 2,200 NS | May 31, 2026 | N-PORT |
| ABLS · Abacus FCF ETF Trust | 1.26% | 147 NS | April 30, 2026 | N-PORT |
| HAPS · Harbor ETF Trust | 1.11% | 16,668 NS | April 30, 2026 | N-PORT |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.71% | 24,880 SH | Aug. 21, 2026 | Daily |
| FWD · AB Active ETFs, Inc. | 0.70% | 133,263 NS | May 31, 2026 | N-PORT |
| ILDR · First Trust Exchange-Traded Fund VI… | 0.64% | 12,097 NS | May 31, 2026 | N-PORT |
| SAA · ProShares Trust | 0.63% | 1,108 NS | May 31, 2026 | N-PORT |
| JSML · Janus Detroit Street Trust | 0.60% | 18,057 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.56% | 27,907 NS | May 31, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.55% | 64,315 SH | Aug. 19, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.54% | 26,753 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.51% | 35,737 NS | April 30, 2026 | N-PORT |
| FTXL · First Trust Exchange-Traded Fund VI | 0.49% | 84,149 NS | June 30, 2026 | N-PORT |
| MMSC · First Trust Exchange-Traded Fund VI… | 0.46% | 1,583 NS | May 31, 2026 | N-PORT |
| ANEW · ProShares Trust | 0.45% | 229 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.43% | 3,341 NS | April 30, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.41% | 1,233,824 SH | Aug. 19, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.41% | 150,391 SH | Aug. 19, 2026 | Daily |
| SNSR · Global X Funds | 0.40% | 6,588 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.36% | 29,156 SH | Aug. 21, 2026 | Daily |
| ITWO · ProShares Trust | 0.36% | 4,385 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.33% | 21,415 NS | May 31, 2026 | N-PORT |
| IWP · iShares Trust | 0.33% | 535,216 SH | Aug. 21, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.30% | 444,718 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.30% | 40,364 NS | April 30, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 0.28% | 8,287 SH | Aug. 19, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.28% | 35,413 NS | April 30, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.27% | 4,969 NS | May 31, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.26% | 23,984 SH | Aug. 19, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.25% | 3,672 NS | April 30, 2026 | N-PORT |
| TRFK · Pacer Funds Trust | 0.21% | 12,406 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.21% | 3,430 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.20% | 44,797 SH | Aug. 21, 2026 | Daily |
| GINN · Goldman Sachs ETF Trust | 0.19% | 2,598 NS | May 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.18% | 2,136,431 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | 0.18% | 4,147 SH | Aug. 21, 2026 | Daily |
| CVMC · Morgan Stanley ETF Trust | 0.17% | 1,083 NS | June 30, 2026 | N-PORT |
| SYZ · Lazard Active ETF Trust | 0.17% | 719 NS | June 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.17% | 1,068,485 SH | Aug. 19, 2026 | Daily |
| LRGF · iShares Trust | 0.17% | 49,431 SH | Aug. 21, 2026 | Daily |
| ESML · iShares Trust | 0.16% | 38,130 SH | Aug. 21, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.16% | 7,357 NS | April 30, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.16% | 19,794 SH | Aug. 19, 2026 | Daily |
| SMMD · iShares Trust | 0.16% | 47,394 SH | Aug. 21, 2026 | Daily |
| URTY · ProShares Trust | 0.15% | 3,472 NS | May 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.13% | 219,039 NS | April 30, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 0.11% | 1,181,396 SH | Aug. 19, 2026 | Daily |