PANW Palo Alto Networks, Inc. - Common Stock
NASDAQ · Technology · Lihat di SEC EDGAR ↗ tutup Okt 2, 2026 10-K/10-Q Sep 10, 2026PANW Cuplikan Saham Harga, kapitalisasi pasar, P/E, EPS, ROE, utang/ekuitas, kisaran 52 minggu
PANW Grafik Harga Saham OHLCV harian dengan indikator teknis — geser, perbesar, dan sesuaikan tampilan Anda
Granularitas batang menyesuaikan dengan periode yang dipilih — arahkan kursor ke bagan untuk melihat buka/tinggi/rendah/tutup untuk sebuah batang.
| Tanggal ex-dividen | Pemecahan | Tipe |
|---|---|---|
| 16 Des. 2024 | 2-for-1 | Maju |
| 14 Sep. 2022 | 3-for-1 | Maju |
Tentang Palo Alto Networks, Inc. - Common Stock Tinjauan perusahaan dari Wikipedia
Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference. It is a partner organization of the World Economic Forum.
In June 2018, former Google and SoftBank executive Nikesh Arora joined the company as Chairman and CEO.
History
Palo Alto Networks was founded in 2005 by Nir Zuk, a former engineer from Check Point and NetScreen Technologies. Zuk, an Israeli native, began working with computers during his mandatory military service in the Israel Defense Forces in the early 1990s and served as head of software development in Unit 8200, a branch of the Israeli Intelligence Corps.
The company debuted on the NYSE on July 20, 2012, raising $260 million with its initial public offering, which was the 4th-largest tech IPO of 2012. It remained on the NYSE until October 2021 when the company transferred its listing to Nasdaq.
In 2014, Palo Alto Networks founded the Cyber Threat Alliance with Fortinet, McAfee, and Symantec (now NortonLifeLock), a not-for-profit organization with the goal of improving cybersecurity "for the greater good" by encouraging cybersecurity organizations to collaborate by sharing cyber threat intelligence among members. By 2018, the organization had 20 members including Cisco, Check Point, Juniper Networks, and Sophos.
In 2018, the company began opening cybersecurity training facilities around the world as part of the Global Cyber Range Initiative.
In May 2018, the company announced Application Framework, an open cloud-delivered ecosystem where developers can publish security services as SaaS applications that can be instantly delivered to customers.
In 2019, the company announced the K2-Series, a 5G-ready next-generation firewall developed for service providers with 5G and IoT requirements. In February 2019, the company announced Cortex, an AI-based continuous security platform.
In May 2026, it was reported that Palo Alto hit a market capitalization of $200 billion USD for the first time.
In August 2026, China launched a security review into Palo Alto's products within the Chinese market.
Acquisitions
January 2014: Morta Security
April 2014: Cyvera for approximately $200 million
May 2015: CirroSecure
March 2017: LightCyber for approximately $100 million
March 2018: Cloud Security company Evident.io for $300 million. This acquisition created the Prisma Cloud division.
April 2018: Secdo
October 2018: RedLock for $173 million
February 2019: Demisto for $560 million
May 2019: Twistlock for $410 million
June 2019: PureSec for $47 million
September 2019: Zingbox for $75 million
November 2019: Aporeto, Inc. for $150 million
April 2020: CloudGenix, Inc. for $420 million
August 2020: Crypsis Group for $265 million
December 2020: Expanse for $1.25 billion.
February 2021: Bridgecrew for $156 million
November 2022: Cider Security for $300 million.
October 2023: Announced its intent to acquire Dig Security for $400 million
November 2023: Talon Cyber Security for $625 million
December 2023: Dig Security for $400 million
July 2025: Protect AI for $500 million
July 2025: Announced agreement to acquire CyberArk for $25 billion; completed February 2026
November 2025: Announced acquisition of Chronosphere for $3.35 billion; completed January 2026
February 2026: Koi Security for an estimated $400 million
April 2026: Announced agreement to acquire Portkey.
September 2026: Announced agreement to acquire Console for an estimated $500 million.
Threat research
Unit 42 is the Palo Alto Networks threat intelligence and security consulting team. They are a group of cybersecurity researchers and industry experts who use data collected by the company's security platform to discover new cyber threats, such as new forms of malware and malicious actors operating across the world. The group runs a popular blog where they post technical reports analyzing active threats and adversaries. Multiple Unit 42 researchers have been named in the MSRC Top 100, Microsoft's annual ranking of top 100 security researchers. In April 2020, the business unit consisting of Crypsis Group which provided digital forensics, incident response, risk assessment, and other consulting services merged with the Unit 42 threat intelligence team.
According to the FBI, Palo Alto Networks Unit 42 has helped solve multiple cybercrime cases, such as the Mirai Botnet and Clickfraud Botnet cases, the LuminosityLink RAT case, and assisted with "Operation Wire-Wire".
In 2018, Unit 42 discovered Gorgon, a hacking group believed to be operating out of Pakistan and targeting government organizations in the United Kingdom, Spain, Russia, and the United States. The group was detected sending spear-phishing emails attached to infected Microsoft Word documents using an exploit commonly used by cybercriminals and cyber-espionage campaigns.
In September 2018, Unit 42 discovered Xbash, a ransomware that also performs cryptomining, believed to be tied to the Chinese threat actor "Iron". Xbash is able to propagate like a worm and deletes databases stored on victim hosts. In October, Unit 42 warned of a new crypto mining malware, XMRig, that comes bundled with infected Adobe Flash updates. The malware uses the victim's computer's resources to mine Monero cryptocurrency.
In November 2018, Palo Alto Networks announced the discovery of "Cannon", a trojan being used to target United States and European government entities. The hackers behind the malware are believed to be Fancy Bear, the Russian hacking group believed to be responsible for hacking the Democratic National Committee in 2016. The malware communicates with its command and control server with email and uses encryption to evade detection.
In November 2024, Unit 42 released documentation reported to be interview scripts used by North Korean threat actors to gain employment as remote software developers with the goal of planting malware and funneling money back to the government.
In April 2026, Palo Alto researchers discovered how AI agents created in Google Cloud's Vertex AI could be used to perform malicious activities due to excessive access.
Products
In 2026, Palo Alto Networks announced a product called Unit 42 Continuous Frontier AI Defense, which uses AI to find threats on corporate networks.
== Financial indicators ==
Sumber: Wikipedia (English), CC BY-SA 4.0 · Lihat di Wikipedia ↗
Kinerja 10 Tahun Tren Pendapatan, laba bersih, margin, dan EPS
Valuasi Rasio P/E, P/S, P/B, EV/EBITDA — apakah sahamnya mahal atau murah?
| Metrik | Tren 5 Tahun | PANW | rata-rata 5T | Median Rekan | Kesimpulan |
|---|---|---|---|---|---|
| P/E (TTM) | 1008.1rata-rata 5T ≈217.1 | ≈217.1 | 54.3 | Terlalu mahal | |
| P/S (TTM) | 28.6rata-rata 5T ≈10.0 | ≈10.0 | 9.0 | Terlalu mahal | |
| P/B (MRQ) | 12.0rata-rata 5T ≈19.3 | ≈19.3 | 9.5 | Terlalu mahal | |
| Harga / FCF (TTM) | 79.9rata-rata 5T ≈17.4 | ≈17.4 | · | · | |
| Harga / Arus Kas (TTM) | 72.2rata-rata 5T ≈25.0 | ≈25.0 | 22.8 | Terlalu mahal | |
| Harga / Nilai Buku Berwujud (MRQ) | 16.1 | · | · | · |
Median rekan dihitung berdasarkan basis standar per metrik dan mungkin tidak selalu cocok dengan basis TTM/MRQ yang ditampilkan untuk saham ini.
Profitabilitas Margin kotor, operasional, dan bersih; ROE, ROA, ROIC
| Metrik | Tren 5 Tahun | PANW | rata-rata 5T | Median Rekan | Kesimpulan |
|---|---|---|---|---|---|
| Margin Kotor (TTM) | 70.4%rata-rata 5T ≈71.8% | ≈71.8% | 76.8% | Lemah | |
| Margin Operasi (TTM) | 6.1%rata-rata 5T ≈6.0% | ≈6.0% | 5.1% | Tingkat teratas | |
| Margin EBITDA (TTM) | 13.5%rata-rata 5T ≈10.8% | ≈10.8% | 8.8% | Tingkat teratas | |
| Margin Sebelum Pajak (TTM) | 4.7%rata-rata 5T ≈7.7% | ≈7.7% | 4.7% | Sejajar | |
| Margin Laba Bersih (TTM) | 2.7%rata-rata 5T ≈9.7% | ≈9.7% | 5.1% | Di bawah rata-rata | |
| ROA (TTM) | 0.85%rata-rata 5T ≈4.4% | ≈4.4% | 3.5% | Di bawah rata-rata | |
| ROE (TTM) | 1.7%rata-rata 5T ≈10.6% | ≈10.6% | 24.3% | Lemah | |
| ROIC | 1.5%rata-rata 5T ≈-10.3% | ≈-10.3% | 10.9% | Lemah |
Kesehatan Keuangan Utang, likuiditas, solvabilitas — kekuatan neraca
| Metrik | Tren 5 Tahun | PANW | rata-rata 5T | Median Rekan | Kesimpulan |
|---|---|---|---|---|---|
| Rasio Lancar (MRQ) | 0.9rata-rata 5T ≈0.9 | ≈0.9 | 1.3 | Likuiditas rendah | |
| Rasio Cepat (MRQ) | 0.7rata-rata 5T ≈0.7 | ≈0.7 | 0.8 | Likuiditas rendah |
Pertumbuhan Pertumbuhan Pendapatan, EPS, dan Laba Bersih: YoY, CAGR 3T, CAGR 5T
| Metrik | Tren 5 Tahun | PANW | rata-rata 5T | Median Rekan | Kesimpulan |
|---|---|---|---|---|---|
| Revenue YoY (Pendapatan YoY) | 24.5%rata-rata 5T ≈22.1% | ≈22.1% | · | · | |
| Revenue CAGR 3Y (CAGR Pendapatan 3T) | 18.5%rata-rata 5T ≈21.8% | ≈21.8% | · | · | |
| Revenue CAGR 5Y (CAGR Pendapatan 5T) | 21.9% | · | · | · | |
| EPS YoY | -75.0%rata-rata 5T ≈112.6% | ≈112.6% | · | · | |
| Net Income YoY (Laba Bersih YoY) | -72.9%rata-rata 5T ≈119.1% | ≈119.1% | · | · | |
| EPS CAGR 3Y (CAGR EPS 3T) | -14.5% | · | · | · | |
| Net Income CAGR 3Y (CAGR Laba Bersih 3T) | -11.3% | · | · | · |
Efisiensi Modal Perputaran aset, perputaran persediaan, perputaran piutang
| Metrik | Tren 5 Tahun | PANW | rata-rata 5T | Median Rekan | Kesimpulan |
|---|---|---|---|---|---|
| Asset Turnover (Perputaran Aset) | 0.3rata-rata 5T ≈0.4 | ≈0.4 | 0.5 | Lemah | |
| Inventory Turnover (Perputaran Persediaan) | 29.6 | · | 41.4 | Lemah | |
| Receivables Turnover (Perputaran Piutang) | 3.5rata-rata 5T ≈3.2 | ≈3.2 | 4.7 | Lemah | |
| Revenue / Employee (Pendapatan Tahunan ÷ karyawan (jumlah karyawan, yfinance). Turunan — bukan konsep SEC-XBRL yang tersimpan.) | ≈$523.7K | · | · | · |
nilai · ≈ rata-rata 5T · median industri · penilaian relatif terhadap median
Riwayat Pendapatan EPS aktual vs perkiraan, kejutan %, tingkat keberhasilan, tanggal pendapatan berikutnya
| Periode | Laporan | EPS Aktual | EPS Estimasi | Kejutan |
|---|---|---|---|---|
| 31 Des. 2026 | Sep 1, 2026 | $1.02 | $1.00 | 2.4% |
| 30 Sep. 2026 | Jun 2, 2026 | $1.02 | $1.00 | 2.4% |
| 30 Juni 2026 | $0.85 | $0.81 | 4.8% | |
| 31 Maret 2026 | $1.03 | $0.96 | 7.2% | |
| 31 Des. 2025 | $0.93 | $0.91 | 2.4% | |
| 30 Sep. 2025 | $0.95 | $0.90 | 5.3% | |
| 30 Juni 2025 | $0.80 | $0.79 | 1.8% |
Fundamental Lengkap Semua metrik per tahun — laporan laba rugi, neraca, arus kas
Laporan Laba Rugi
| Metrik | Tren | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.48B | $9.22B | $8.03B | $6.89B | $5.50B | $4.26B | $3.41B | $2.90B | $2.27B | $1.76B | $1.38B | $928M | |
| Cost of Revenue | $3.40B | $2.45B | $2.06B | $1.91B | $1.72B | $1.27B | $1000M | $808M | $645M | $476M | $370M | $252M | |
| Gross Profit | $8.08B | $6.77B | $5.97B | $4.98B | $3.78B | $2.98B | $2.41B | $2.09B | $1.63B | $1.28B | $1.01B | $677M | |
| R&D Expense | $2.55B | $1.98B | $1.81B | $1.60B | $1.42B | $1.14B | $768M | $540M | $401M | $347M | $284M | $186M | |
| SG&A Expense | $899M | $443M | $680M | $448M | $405M | $391M | $300M | $262M | $258M | $198M | $138M | $102M | |
| Operating Expenses | $7.38B | $5.53B | $5.28B | $4.60B | $3.97B | $3.29B | $2.59B | $2.15B | $1.73B | $1.44B | $1.17B | $776M | |
| Operating Income | $695M | $1.24B | $684M | $387M | $-189M | $-304M | $-179M | $-54M | $-104M | $-166M | $-157M | $-100M | |
| Interest Expense | · | · | $8M | $27M | $27M | $163M | $89M | $84M | $30M | $24M | $23M | $22M | |
| Other Non-op | $64M | $25M | $-6M | $-10M | $-8M | $-700.0K | $1M | $-3M | $28M | $10M | $8M | $200.0K | |
| Pretax Income | $536M | $1.60B | $988M | $566M | $-207M | $-465M | $-232M | $-75M | $-105M | $-180M | $-172M | $-122M | |
| Income Tax | $229M | $462M | $-1.59B | $127M | $60M | $34M | $35M | $7M | $17M | $23M | $20M | $9M | |
| Net Income | $307M | $1.13B | $2.58B | $440M | $-267M | $-499M | $-267M | $-82M | $-122M | $-203M | $-193M | $-131M | |
| EPS (Basic) | $0.41 | $1.71 | $4.04 | $0.73 | $-0.90 | $-1.73 | $-2.76 | $-0.87 | · | · | · | · | |
| EPS (Diluted) | $0.40 | $1.60 | $3.64 | $0.64 | $-0.90 | $-1.73 | $-2.76 | $-0.87 | · | · | · | · | |
| Shares (Basic) | 749,000,000 | 663,000,000 | 638,000,000 | 606,400,000 | 295,600,000 | 289,100,000 | 96,900,000 | 94,500,000 | · | · | · | · | |
| Shares (Diluted) | 764,000,000 | 709,000,000 | 708,000,000 | 684,500,000 | 295,600,000 | 289,100,000 | 96,900,000 | 94,500,000 | · | · | · | · | |
| EBITDA | $1.55B | $1.59B | $967M | $670M | $94M | $-44M | $27M | $100M | $-33M | $-120M | $-147M | $-105M |
Neraca
| Metrik | Tren | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.51B | $2.27B | $1.53B | $1.14B | $2.12B | $1.87B | $2.96B | $961M | $2.51B | $744M | $734M | $376M | |
| Short-term Investments | $557M | $635M | $1.04B | $1.25B | $1.52B | $1.03B | $790M | $1.84B | $896M | $631M | $551M | $413M | |
| Receivables | $3.63B | $2.96B | $2.62B | $2.46B | $2.14B | $1.24B | $1.04B | $582M | $467M | $432M | $349M | $212M | |
| Inventory | $117M | $113M | $116M | · | · | · | · | · | · | · | · | · | |
| Prepaid Expense | $807M | $520M | $557M | $467M | $209M | $229M | $138M | $279M | $268M | $169M | $140M | $73M | |
| Current Assets | $8.64B | $7.52B | $6.85B | $6.05B | $6.41B | $4.65B | $5.13B | $3.66B | $4.14B | $1.98B | $1.77B | $1.07B | |
| PP&E (Net) | $523M | $387M | $361M | $354M | $358M | $318M | $348M | $296M | $273M | $211M | $117M | $63M | |
| PP&E (Gross) | $1.27B | $1.03B | $920M | $883M | $828M | $717M | $669M | $540M | $435M | $313M | $195M | $111M | |
| Accum. Depreciation | $747M | $639M | $559M | $528M | $470M | $399M | $321M | $244M | $162M | $102M | $78M | $48M | |
| Goodwill | $22.01B | $4.57B | $3.35B | $2.93B | $2.75B | $2.71B | $1.81B | $1.35B | $523M | $239M | $164M | $164M | |
| Intangibles | $7.02B | $763M | $375M | $315M | $384M | $499M | $358M | $281M | $141M | $54M | $44M | $53M | |
| Other Non-current Assets | $678M | $422M | $353M | $322M | $313M | $421M | $182M | $423M | $326M | $169M | $107M | $73M | |
| Total Assets | $48.46B | $23.58B | $19.99B | $14.50B | $12.25B | $10.24B | $9.07B | $6.59B | $5.95B | $3.44B | $2.86B | $1.97B | |
| Accounts Payable | $290M | $232M | $116M | $132M | $128M | $57M | $64M | $73M | $49M | $36M | $30M | $13M | |
| Accrued Liabilities | $838M | $846M | $507M | $391M | $399M | $329M | $257M | $162M | $125M | $80M | $39M | $28M | |
| Current Liabilities | $9.92B | $7.99B | $7.68B | $7.74B | $8.31B | $5.12B | $2.69B | $2.05B | $2.10B | $1.20B | $847M | $1.03B | |
| Capital Leases | $726M | $338M | $380M | $279M | $276M | $313M | $337M | $0 | · | · | · | · | |
| Deferred Tax | $251M | $89M | $388M | $28M | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $1.28B | $887M | $431M | $86M | $108M | $98M | $90M | $216M | $230M | $148M | $79M | $67M | |
| Total Liabilities | $20.97B | $15.75B | $14.82B | $12.75B | $12.04B | $9.48B | · | · | · | · | · | · | |
| Long-term Debt | · | · | · | $1.99B | $3.68B | $3.23B | $3.08B | $1.43B | $1.92B | $525M | $500M | $487M | |
| Common Stock | · | · | · | · | · | · | · | · | · | · | · | $8.0K | |
| Retained Earnings | $2.79B | $2.48B | $1.35B | $-1.23B | $-1.67B | $-1.67B | $-1.17B | $-901M | $-791M | $-837M | $-622M | $-501M | |
| AOCI | $-71M | $48M | $-2M | $-43M | $-56M | $-10M | $10M | $-4M | $-16M | $-3M | $1M | $-100.0K | |
| Stockholders' Equity | $27.49B | $7.82B | $5.17B | $1.75B | $210M | $634M | $1.10B | $1.59B | $1.16B | $760M | $895M | $488M | |
| Liabilities + Equity | $48.46B | $23.58B | $19.99B | $14.50B | $12.25B | $10.24B | $9.07B | $6.59B | $5.95B | $3.44B | $2.86B | $1.97B | |
| Shares Outstanding | 815,000,000 | 668,000,000 | 650,000,000 | 617,000,000 | 597,700,000 | 291,900,000 | 288,800,000 | 96,800,000 | 93,600,000 | 91,500,000 | 90,500,000 | 84,800,000 |
Arus Kas
| Metrik | Tren | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $855M | $343M | $284M | $282M | $283M | $260M | $206M | $154M | $96M | $60M | $43M | $29M | |
| Stock-based Comp | $1.77B | $1.29B | $1.08B | $1.07B | $1.01B | $894M | $658M | $568M | $497M | $474M | $393M | $221M | |
| Deferred Tax | · | $219M | $-1.70B | · | · | · | · | · | · | · | · | · | |
| Amort. of Intangibles | $640M | $166M | $121M | $105M | $127M | $118M | $77M | $54M | $16M | $10M | $9M | $8M | |
| Other Non-cash | $1.62B | $725M | $1.02B | $981M | $958M | $847M | $438M | $416M | $592M | $551M | $448M | $265M | |
| Operating Cash Flow | $4.55B | $3.72B | $3.26B | $2.78B | $1.98B | $1.50B | $1.04B | $1.06B | $1.04B | $869M | $659M | $353M | |
| CapEx | $440M | $247M | $157M | $146M | $193M | $116M | $214M | $131M | $112M | $163M | $72M | $34M | |
| Investing Cash Flow | $-3.10B | $-2.21B | $-1.51B | $-2.03B | $-933M | $-1.48B | $288M | $-1.83B | $-520M | $-473M | $-339M | $-679M | |
| Stock Repurchased | $1.00B | $0 | $567M | $273M | $892M | $1.18B | $1.20B | $330M | $259M | $411M | $0 | $0 | |
| Net Stock Activity | $-1.00B | $0 | $-567M | $-273M | $-892M | $-1.18B | $-1.20B | $-330M | $-259M | $-411M | · | $0 | |
| Financing Cash Flow | $-1.20B | $-779M | $-1.34B | $-1.73B | $-807M | $-1.10B | $673M | $-774M | $1.25B | $-386M | $39M | $48M | |
| Net Change in Cash | $244M | $732M | $405M | $-983M | $245M | $-1.08B | $2.00B | $-1.54B | $1.76B | $10M | $359M | $-278M | |
| Taxes Paid | $199M | $505M | $342M | $147M | $35M | $25M | $17M | $22M | $11M | $9M | $7M | $18M | |
| Free Cash Flow | $4.11B | $3.47B | $3.10B | $2.63B | $1.79B | $1.39B | $821M | $924M | $925M | $705M | $586M | $316M | |
| Levered FCF | · | · | $3.08B | $2.61B | $1.76B | $1.21B | $719M | $832M | $891M | $678M | $560M | $293M |
Profitabilitas
| Metrik | Tren | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.4% | 73.4% | 74.4% | 72.3% | 68.8% | 70.0% | 70.7% | 72.1% | 71.6% | 73.0% | 73.2% | 72.9% | |
| Operating Margin | 6.0% | 13.5% | 8.5% | 5.6% | -3.4% | -7.1% | -5.2% | -1.9% | -5.7% | -10.2% | -13.8% | -14.4% | |
| Net Margin | 2.7% | 12.3% | 32.1% | 6.4% | -4.9% | -11.7% | -7.8% | -2.8% | -6.5% | -12.3% | -16.4% | -17.8% | |
| Pretax Margin | 4.7% | 17.3% | 12.3% | 8.2% | -3.8% | -10.9% | -6.8% | -2.6% | -5.7% | -11.0% | -14.9% | -16.8% | |
| EBITDA Margin | 13.5% | 17.2% | 12.0% | 9.7% | 1.7% | -1.0% | 0.80% | 3.4% | -1.4% | -6.8% | -10.7% | -11.3% | |
| ROA | 0.85% | 5.2% | 14.9% | 3.3% | -2.4% | -5.2% | -3.4% | -1.3% | -3.2% | -6.9% | -9.6% | -9.6% | |
| ROE | 1.7% | 16.0% | 53.5% | 44.9% | -63.2% | -57.5% | -19.9% | -6.0% | -17.1% | -26.2% | -35.4% | -34.5% | |
| ROIC | 1.5% | 11.3% | 34.5% | 17.2% | -115.9% | -51.4% | -18.7% | -3.7% | -15.2% | -26.4% | -26.5% | -29.0% |
Likuiditas & Solvabilitas
| Metrik | Tren | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.9 | 1.9 | 1.8 | 1.9 | 1.6 | 2.0 | 1.0 | |
| Quick Ratio | 0.7 | 0.7 | 0.7 | 0.6 | 0.7 | 0.8 | 1.8 | 1.6 | 1.8 | 1.5 | 1.9 | 1.0 | |
| Interest Coverage | · | · | 82.4 | 14.2 | -6.9 | -1.9 | -2.0 | -0.6 | -4.4 | -7.3 | -8.1 | -6.0 |
Efisiensi
| Metrik | Tren | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.5 | |
| Inventory Turnover | 29.6 | 21.4 | · | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 3.5 | 3.3 | 3.2 | 3.0 | 3.3 | 3.7 | 4.2 | 5.5 | 5.1 | 4.5 | 4.9 | 5.3 |
Per Saham
| Metrik | Tren | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $33.73 | $11.71 | $15.90 | $5.67 | $2.11 | $6.52 | $11.44 | $16.39 | $10.32 | $8.30 | $8.73 | $5.75 | |
| Revenue / Share | $15.03 | $13.00 | $22.68 | $20.14 | $55.85 | $44.15 | · | · | · | · | · | · | |
| Cash Flow / Share | $5.96 | $5.24 | $9.20 | $8.11 | $20.15 | $15.59 | · | · | · | · | · | · | |
| Cash / Share | $3.08 | $3.40 | $4.72 | $3.68 | $21.27 | $19.26 | $30.72 | $9.93 | $26.78 | $8.13 | $8.11 | $4.43 | |
| EPS (TTM) | $0.40 | $1.60 | $3.64 | $0.64 | $-0.90 | $-1.73 | $-2.76 | $-0.87 | $-1.35 | $-0.41 | $-0.41 | $-0.41 |
Tingkat Pertumbuhan
| Metrik | Tren | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 24.5% | 14.9% | 16.5% | 25.3% | 29.3% | 24.9% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 18.5% | 18.8% | 23.5% | 26.5% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 21.9% | 22.0% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -75.0% | -56.0% | 468.8% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -14.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -72.9% | -56.0% | 486.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -11.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuasi (TTM)
| Metrik | Tren | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.48B | $9.22B | $8.03B | $6.89B | $5.50B | $4.26B | $3.41B | $2.90B | $2.27B | $1.76B | $1.38B | $928M | |
| Net Income TTM | $307M | $1.13B | $2.58B | $440M | $-267M | $-499M | $-267M | $-82M | $-122M | $-203M | $-193M | $-131M | |
| Market Cap | $270.44B | $115.95B | $52.78B | $38.53B | $8.29B | $6.47B | $4.11B | $3.65B | $3.09B | $2.01B | $1.97B | $2.63B | |
| P/E | 829.6 | 108.5 | 44.6 | 195.3 | -92.4 | -38.4 | -15.5 | -43.4 | -24.5 | -53.6 | -53.2 | -75.5 | |
| P/S | 23.6 | 12.6 | 6.6 | 5.6 | 1.5 | 1.5 | 1.2 | 1.3 | 1.4 | 1.1 | 1.4 | 2.8 | |
| P/B | 9.8 | 14.8 | 10.2 | 22.0 | 39.5 | 10.2 | 3.7 | 2.3 | 3.2 | 2.6 | 2.5 | 5.4 | |
| P / Tangible Book | · | 46.5 | 36.6 | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 59.4 | 31.2 | 16.2 | 13.9 | 4.2 | 4.3 | 4.0 | 3.5 | 3.0 | 2.3 | 3.0 | 7.5 | |
| P / FCF | · | 33.4 | 17.0 | 14.6 | 4.6 | 4.7 | 5.0 | 4.0 | 3.3 | 2.9 | 3.4 | 8.3 | |
| Earnings Yield | 0.12% | 0.92% | 2.2% | 0.51% | -1.1% | -2.6% | -6.5% | -2.3% | -4.1% | -1.9% | -1.9% | -1.3% |
Laporan Laba Rugi
| Metrik | Tren | 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 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.41B | $3.00B | $2.59B | $2.47B | $2.54B | $2.29B | $2.26B | $2.14B | $2.19B | $1.98B | $1.98B | $1.88B | $1.95B | $1.72B | $1.66B | $1.56B | |
| Cost of Revenue | $1.11B | $974M | $685M | $638M | $679M | $619M | $599M | $554M | $574M | $514M | $499M | $473M | $507M | $475M | $466M | $462M | |
| Gross Profit | $2.30B | $2.03B | $1.91B | $1.84B | $1.86B | $1.67B | $1.66B | $1.58B | $1.62B | $1.47B | $1.48B | $1.41B | $1.45B | $1.25B | $1.19B | $1.10B | |
| R&D Expense | $779M | $734M | $511M | $528M | $504M | $494M | $505M | $481M | $495M | $457M | $448M | $410M | $414M | $414M | $404M | $372M | |
| SG&A Expense | $226M | $316M | $178M | $179M | $27M | $164M | $154M | $98M | $140M | $119M | $302M | $120M | $115M | $114M | $119M | $100M | |
| Operating Expenses | $2.13B | $2.21B | $1.51B | $1.53B | $1.36B | $1.45B | $1.42B | $1.30B | $1.38B | $1.29B | $1.42B | $1.19B | $1.19B | $1.17B | $1.15B | $1.09B | |
| Operating Income | $172M | $-183M | $397M | $309M | $497M | $219M | $241M | $286M | $238M | $177M | $54M | $215M | $254M | $79M | $40M | $15M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $2M | $3M | $3M | · | $8M | $7M | $7M | |
| Other Non-op | $-12M | $8M | $59M | $9M | $16M | $8M | $-4M | $5M | $-100.0K | $-6M | $6M | $-6M | $-1M | $-4M | $2M | $-8M | |
| Pretax Income | $-269M | $-156M | $549M | $412M | $592M | $311M | $325M | $368M | $319M | $251M | $136M | $283M | $316M | $131M | $84M | $34M | |
| Income Tax | $13M | $21M | $117M | $78M | $338M | $49M | $58M | $17M | $-39M | $-28M | $-1.61B | $88M | $89M | $23M | $200.0K | $14M | |
| Net Income | $-282M | $-177M | $432M | $334M | $254M | $262M | $267M | $351M | $358M | $279M | $1.75B | $194M | $228M | $108M | $84M | $20M | |
| EPS (Basic) | $-0.47 | $-0.22 | $0.61 | $0.49 | $0.37 | $0.39 | $0.41 | $0.54 | $0.25 | $0.43 | $2.73 | $0.63 | $0.03 | $0.35 | $0.28 | $0.07 | |
| EPS (Diluted) | $-0.46 | $-0.22 | $0.61 | $0.47 | $0.36 | $0.37 | $0.38 | $0.49 | $0.25 | $0.39 | $2.44 | $0.56 | $0.02 | $0.31 | $0.25 | $0.06 | |
| Shares (Basic) | · | 801,000,000 | 704,000,000 | 679,000,000 | · | 665,000,000 | 659,000,000 | 654,000,000 | · | 645,800,000 | 639,300,000 | 310,100,000 | · | 303,900,000 | 302,300,000 | 299,800,000 | |
| Shares (Diluted) | · | 801,000,000 | 711,000,000 | 709,000,000 | · | 707,000,000 | 709,000,000 | 709,000,000 | · | 709,300,000 | 715,000,000 | 349,800,000 | · | 344,700,000 | 331,600,000 | 338,400,000 | |
| EBITDA | · | $-183M | $397M | $398M | · | $219M | $240M | $370M | · | $177M | $54M | $280M | · | $79M | $40M | $86M |
Neraca
| Metrik | Tren | 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 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.51B | $2.36B | $4.16B | $3.07B | $2.27B | $2.38B | $2.23B | $2.28B | $1.53B | $1.37B | $1.78B | $2.49B | $1.14B | $1.99B | $1.35B | $2.07B | |
| Short-term Investments | $557M | $747M | $378M | $1.14B | $635M | $917M | $1.01B | $1.11B | $1.04B | $1.52B | $1.59B | $1.40B | · | $1.97B | $2.00B | $1.74B | |
| Receivables | $3.63B | $2.85B | $2.12B | $1.34B | $2.96B | $1.95B | $1.50B | $1.13B | $2.62B | $1.72B | $1.90B | $1.41B | · | $1.44B | $1.28B | $1.24B | |
| Inventory | $117M | · | · | · | $113M | · | · | · | $116M | · | · | · | · | · | · | · | |
| Prepaid Expense | $807M | $705M | $621M | $605M | $520M | $524M | $480M | $546M | $557M | $404M | $406M | $396M | · | $694M | $467M | $381M | |
| Current Assets | $8.64B | $7.71B | $8.37B | $7.31B | $7.52B | $6.90B | $6.34B | $6.24B | $6.85B | $5.92B | $6.45B | $6.48B | · | $6.41B | $5.41B | $5.73B | |
| PP&E (Net) | $523M | $506M | $485M | $394M | $387M | $367M | $358M | $361M | $361M | $350M | $352M | $353M | · | $342M | $345M | $354M | |
| PP&E (Gross) | $1.27B | · | · | · | $1.03B | · | · | · | $920M | · | · | · | · | · | · | · | |
| Accum. Depreciation | $747M | · | · | · | $639M | · | · | · | $559M | · | · | · | · | · | · | · | |
| Goodwill | $22.01B | $21.90B | $6.93B | $4.57B | $4.57B | $4.05B | $4.05B | $4.05B | $3.35B | $3.37B | $3.37B | $2.93B | · | $2.93B | $2.91B | $2.75B | |
| Intangibles | $7.02B | $7.28B | $1.25B | $723M | $763M | $730M | $771M | $810M | $375M | $408M | $440M | $290M | · | $341M | $362M | $355M | |
| Other Non-current Assets | $678M | $593M | $427M | $390M | $422M | $397M | $365M | $380M | $353M | $321M | $326M | $343M | · | $686M | $556M | $478M | |
| Total Assets | $48.46B | $46.27B | $24.98B | $23.54B | $23.58B | $22.00B | $20.95B | $20.37B | $19.99B | $17.93B | $18.29B | $14.81B | · | $14.17B | $13.16B | $12.54B | |
| Accounts Payable | $290M | $293M | $262M | $223M | $232M | $235M | $149M | $212M | $116M | $109M | $179M | $132M | · | $92M | $128M | $126M | |
| Accrued Liabilities | $838M | $760M | $937M | $665M | $846M | $825M | $778M | $683M | $507M | $413M | $394M | $372M | · | $376M | $329M | $380M | |
| Current Liabilities | $9.92B | $9.01B | $8.01B | $7.42B | $7.99B | $7.71B | $7.55B | $7.40B | $7.68B | $7.08B | $7.77B | $7.51B | · | $8.64B | $8.48B | $8.20B | |
| Capital Leases | $726M | $719M | $372M | $346M | $338M | $346M | $363M | $380M | $380M | $370M | $363M | $276M | · | $264M | $274M | $283M | |
| Deferred Tax | $251M | $259M | $75M | $96M | $89M | $26M | $116M | $251M | $388M | $503M | $588M | · | · | · | · | · | |
| Other Non-current Liabilities | $1.28B | $930M | $949M | $913M | $887M | $878M | $883M | $844M | $431M | $353M | $318M | $138M | · | $90M | $74M | $119M | |
| Total Liabilities | $20.97B | $18.60B | $15.59B | $14.87B | $15.75B | $14.77B | $14.58B | $14.46B | $14.82B | $13.46B | $13.93B | $12.64B | · | $12.94B | $12.43B | $12.04B | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | $3.68B | $3.68B | $3.68B | |
| Retained Earnings | $2.79B | $3.07B | $3.25B | $2.82B | $2.48B | $2.23B | $1.97B | $1.70B | $1.35B | $992M | $714M | $-1.03B | · | $-1.46B | $-1.56B | $-1.65B | |
| AOCI | $-71M | $-13M | $46M | $67M | $48M | $48M | $-14M | $-4M | $-2M | $-55M | $-6M | $-93M | · | $-21M | $-11M | $-111M | |
| Stockholders' Equity | $27.49B | $27.67B | $9.39B | $8.66B | $7.82B | $7.23B | $6.38B | $5.91B | $5.17B | $4.47B | $4.36B | $2.17B | $1.75B | $1.23B | $729M | $508M | |
| Liabilities + Equity | $48.46B | $46.27B | $24.98B | $23.54B | $23.58B | $22.00B | $20.95B | $20.37B | $19.99B | $17.93B | $18.29B | $14.81B | · | $14.17B | $13.16B | $12.54B | |
| Shares Outstanding | 815,000,000 | 813,000,000 | 703,000,000 | 692,000,000 | 668,000,000 | 665,900,000 | 660,400,000 | 327,700,000 | 650,000,000 | 323,400,000 | 322,700,000 | 313,700,000 | 616,700,000 | 305,600,000 | 302,400,000 | 302,300,000 |
Arus Kas
| Metrik | Tren | 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 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $341M | $334M | $91M | $89M | $84M | $88M | $87M | $84M | $77M | $74M | $69M | $64M | $69M | $72M | $70M | $71M | |
| Stock-based Comp | $460M | $643M | $301M | $370M | $354M | $326M | $321M | $295M | $270M | $264M | $272M | $271M | $254M | $271M | $283M | $266M | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | $7M | $1.70B | · | · | · | · | · | |
| Amort. of Intangibles | $281M | $280M | $39M | $40M | $37M | $43M | $45M | $41M | $34M | $33M | $28M | $25M | $25M | $26M | $25M | $29M | |
| Other Non-cash | · | · | · | $978M | · | · | · | $781M | · | · | · | $996M | · | · | · | $880M | |
| Operating Cash Flow | $1.36B | $871M | $554M | $1.77B | $1.02B | $629M | $557M | $1.51B | $513M | $529M | $690M | $1.53B | $414M | $432M | $695M | $1.24B | |
| CapEx | $103M | $83M | $170M | $84M | $87M | $68M | $48M | $44M | $48M | $37M | $35M | $37M | $37M | $31M | $38M | $40M | |
| Investing Cash Flow | $-1.01B | $-1.77B | $651M | $-983M | $-763M | $-518M | $-381M | $-544M | $-169M | $113M | $-1.33B | $-129M | $363M | $88M | $-1.16B | $-1.32B | |
| Stock Repurchased | $0 | · | · | · | $0 | $0 | $0 | $0 | $300.0K | $500M | $0 | $67M | $0 | $0 | $250M | $23M | |
| Net Stock Activity | · | · | · | · | · | · | · | $0 | · | · | $0 | $-67M | · | · | · | $-23M | |
| Financing Cash Flow | $-197M | $-899M | $-114M | $8M | $-374M | $47M | $-232M | $-220M | $-179M | $-1.05B | $-73M | $-42M | $-1.63B | $128M | $-251M | $31M | |
| Net Change in Cash | $149M | $-1.79B | $1.09B | $796M | $-116M | $158M | $-56M | $746M | $165M | $-407M | $-708M | $1.36B | $-858M | $648M | $-721M | $-52M | |
| Free Cash Flow | · | · | · | $1.69B | · | · | · | $1.47B | · | · | · | $1.49B | · | · | · | $1.20B | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | $1.49B | · | · | · | $1.19B |
Profitabilitas
| Metrik | Tren | 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 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 67.5% | 73.6% | 74.2% | · | 72.9% | 73.5% | 74.1% | · | 74.1% | 74.7% | 74.8% | · | 72.4% | 71.8% | 70.5% | |
| Operating Margin | · | -6.1% | 15.3% | 12.5% | · | 9.6% | 10.7% | 13.4% | · | 8.9% | 2.7% | 11.5% | · | 4.6% | 2.4% | 0.97% | |
| Net Margin | · | -5.9% | 16.7% | 13.5% | · | 11.5% | 11.8% | 16.4% | · | 14.1% | 88.4% | 10.3% | · | 6.3% | 5.1% | 1.3% | |
| Pretax Margin | · | -5.2% | 21.2% | 16.7% | · | 13.6% | 14.4% | 17.2% | · | 12.7% | 6.9% | 15.0% | · | 7.6% | 5.1% | 2.2% | |
| EBITDA Margin | · | -6.1% | 15.3% | 16.1% | · | 9.6% | 10.7% | 17.3% | · | 8.9% | 2.7% | 14.9% | · | 4.6% | 2.4% | 5.5% | |
| ROA | · | -0.52% | 1.9% | 1.5% | · | 1.3% | 1.4% | 2.0% | · | 1.7% | 11.1% | 1.4% | · | 0.85% | 0.71% | 0.17% | |
| ROE | · | -1.0% | 5.5% | 4.6% | · | 4.5% | 5.0% | 8.7% | · | 9.8% | 68.7% | 14.5% | · | 13.7% | 19.9% | 3.9% | |
| ROIC | · | -0.75% | 3.3% | 2.9% | · | 2.5% | 3.1% | 4.6% | · | 4.4% | 15.9% | 6.8% | · | 5.2% | 5.5% | 1.7% |
Likuiditas & Solvabilitas
| Metrik | Tren | 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 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 0.9 | 1.0 | 1.0 | · | 0.9 | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.9 | · | 0.7 | 0.6 | 0.7 | |
| Quick Ratio | · | 0.7 | 0.8 | 0.7 | · | 0.7 | 0.6 | 0.6 | · | 0.7 | 0.7 | 0.7 | · | 0.6 | 0.5 | 0.6 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 76.8 | 19.1 | 74.2 | · | 10.1 | 5.8 | 2.2 |
Efisiensi
| Metrik | Tren | 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 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | |
| Receivables Turnover | · | 1.3 | 1.4 | 2.0 | · | 1.2 | 1.3 | 1.7 | · | 1.3 | 1.2 | 1.4 | · | 1.3 | 1.5 | 1.5 |
Per Saham
| Metrik | Tren | 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 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $34.03 | $13.36 | $12.52 | · | $10.86 | $9.65 | $18.04 | · | $13.82 | $13.50 | $6.92 | · | $4.03 | $2.41 | $1.68 | |
| Revenue / Share | · | $3.75 | $3.65 | $3.49 | · | $3.24 | $3.18 | $6.03 | · | $5.60 | $5.52 | $5.37 | · | $4.99 | $4.99 | $4.62 | |
| Cash Flow / Share | · | · | · | $2.50 | · | · | · | $4.26 | · | · | · | $4.36 | · | · | · | $3.65 | |
| Cash / Share | · | $2.91 | $5.91 | $4.43 | · | $3.58 | $3.37 | $6.97 | · | $4.25 | $5.52 | $7.94 | · | $6.52 | $4.45 | $6.84 | |
| EPS (TTM) | · | $1.22 | $1.81 | $1.58 | · | $1.49 | $1.51 | $3.57 | · | $3.41 | $3.33 | $1.14 | · | $0.64 | $0.08 | $-0.49 |
Valuasi (TTM)
| Metrik | Tren | 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 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $10.61B | $9.89B | $9.56B | · | $8.87B | $8.57B | $8.29B | · | $7.79B | $7.53B | $7.21B | · | $6.49B | $6.16B | $5.82B | |
| Net Income TTM | · | $843M | $1.28B | $1.12B | · | $1.24B | $1.25B | $2.73B | · | $2.45B | $2.28B | $614M | · | $215M | $34M | $-143M | |
| Market Cap | · | $145.79B | $124.63B | $152.41B | · | $124.48B | $121.79B | $59.04B | · | $47.04B | $54.62B | $38.12B | · | $27.88B | $23.99B | $25.94B | |
| P/E | · | 147.0 | 97.9 | 139.4 | · | 125.5 | 122.1 | 50.5 | · | 42.7 | 50.8 | 106.6 | · | 142.5 | 991.5 | -175.1 | |
| P/S | · | 13.7 | 12.6 | 15.9 | · | 14.0 | 14.2 | 7.1 | · | 6.0 | 7.3 | 5.3 | · | 4.3 | 3.9 | 4.5 | |
| P/B | · | 5.3 | 13.3 | 17.6 | · | 17.2 | 19.1 | 10.0 | · | 10.5 | 12.5 | 17.6 | · | 22.6 | 32.9 | 51.1 | |
| P / Tangible Book | · | · | 102.7 | 45.2 | · | 50.8 | 78.4 | 56.2 | · | 68.4 | 100.3 | · | · | · | · | · | |
| P / Cash Flow | · | · | · | 86.1 | · | · | · | 39.1 | · | · | · | 25.0 | · | · | · | 21.0 | |
| Earnings Yield | · | 0.68% | 1.0% | 0.72% | · | 0.80% | 0.82% | 2.0% | · | 2.3% | 2.0% | 0.94% | · | 0.70% | 0.10% | -0.57% |
Periode terbaru di sebelah kiri · nilai null ditampilkan sebagai ·
Laporan Keuangan Laporan laba rugi, neraca, arus kas — tahunan, 5 tahun terakhir
| Metrik | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 |
|---|---|---|---|---|---|
| Pendapatan | $11.48B | $9.22B | $8.03B | $6.89B | $5.50B |
| Margin Kotor % | 70.4% | 73.4% | 74.4% | 72.3% | 68.8% |
| Margin Operasi % | 6.0% | 13.5% | 8.5% | 5.6% | -3.4% |
| Laba Bersih | $307M | $1.13B | $2.58B | $440M | $-267M |
| EPS Dilusian | $0.40 | $1.60 | $3.64 | $0.64 | $-0.90 |
| Metrik | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 |
|---|---|---|---|---|---|
| Rasio Lancar | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 |
| Rasio Cepat | 0.7 | 0.7 | 0.7 | 0.6 | 0.7 |
| Metrik | 2026-07-31 | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 |
|---|---|---|---|---|---|
| Arus Kas Bebas | $4.11B | $3.47B | $3.10B | $2.63B | $1.79B |
Pemilik institusional (13F) 3.181 pengaju · $253.4B total · Per tanggal 30 Sep. 2026
Institusi yang melaporkan kepemilikan saham ini dalam SEC Form 13F triwulanan mereka. Hanya posisi panjang; satu pengaju dapat muncul dua kali untuk leg opsi terpisah. Kaki put/call offset yang besar biasanya mencerminkan pembuatan pasar atau inventaris yang dilindungi, bukan keyakinan arah.
| Posisi baru | Posisi yang keluar | Meningkat | Menurun | Perubahan bersih saham |
|---|---|---|---|---|
| 581 (+272 vs Kuartal sebelumnya) | 113 (-152 vs Kuartal sebelumnya) | 982 (-298 vs Kuartal sebelumnya) | 1.156 (+377 vs Kuartal sebelumnya) | +40.5M |
Dibandingkan dengan Q1 2026. Pengajuan Formulir 13F SEC jatuh tempo dalam waktu 45 hari setelah akhir kuartal ditambah kelonggaran singkat untuk pengaju terlambat — kuartal yang masih dalam jangka waktu tersebut dilewati demi pasangan terakhir yang dilaporkan sepenuhnya.
| Institusi | Nilai | Saham | % dari 13F yang dilacak | Tipe |
|---|---|---|---|---|
| BlackRock, Inc. | $25.833.461.719 | 75.753.509 | 10,19% | Saham |
| VANGUARD CAPITAL MANAGEMENT LLC | $18.118.095.231 | 53.129.128 | 7,15% | Saham |
| STATE STREET CORP | $12.610.748.067 | 36.979.497 | 4,98% | Saham |
| VANGUARD GROUP INC | $12.512.533.405 | 67.929.063 | 4,94% | Saham |
| MORGAN STANLEY | $10.043.078.128 | 29.450.112 | 3,96% | Saham |
| Invesco Ltd. | $8.746.462.633 | 25.647.946 | 3,45% | Saham |
| BANK OF AMERICA CORP /DE/ | $7.734.973.398 | 22.681.876 | 3,05% | Saham |
| JPMORGAN CHASE & CO | $7.209.572.228 | 21.715.578 | 2,84% | Saham |
| FMR LLC | $6.838.972.438 | 20.054.462 | 2,70% | Saham |
| GEODE CAPITAL MANAGEMENT, LLC | $6.667.205.495 | 19.615.573 | 2,63% | Saham |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $6.597.935.262 | 19.347.649 | 2,60% | Saham |
| NORGES BANK | $3.325.174.847 | 9.750.674 | 1,31% | Saham |
| Nuveen, LLC | $3.073.737.999 | 9.013.366 | 1,21% | Saham |
| NORTHERN TRUST CORP | $2.986.583.932 | 8.757.797 | 1,18% | Saham |
| PeakShares LLC | $2.745.552.000 | 8.051 | 1,08% | Saham |
| GOLDMAN SACHS GROUP INC | $2.705.505.139 | 7.933.568 | 1,07% | Saham |
| JANE STREET GROUP, LLC | $2.542.556.455 | 7.455.740 | 1,00% | Opsi jual |
| ROYAL BANK OF CANADA | $2.373.306.000 | 6.959.433 | 0,94% | Saham |
| UBS Group AG | $2.304.645.896 | 6.758.096 | 0,91% | Saham |
| JANE STREET GROUP, LLC | $2.295.657.975 | 6.731.740 | 0,91% | Opsi beli |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2.266.896.348 | 6.647.400 | 0,89% | Opsi jual |
| AMERIPRISE FINANCIAL INC | $2.246.610.641 | 6.563.374 | 0,89% | Saham |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2.185.324.364 | 6.408.200 | 0,86% | Opsi beli |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2.176.680.530 | 6.382.853 | 0,86% | Saham |
| WELLS FARGO & COMPANY/MN | $2.035.539.922 | 5.968.975 | 0,80% | Saham |
| Legal & General Group Plc | $1.968.304.348 | 5.771.815 | 0,78% | Saham |
| Fisher Asset Management, LLC | $1.962.907.564 | 5.755.989 | 0,77% | Saham |
| Amundi | $1.847.450.438 | 5.417.426 | 0,73% | Saham |
| FIRST TRUST ADVISORS LP | $1.792.233.701 | 5.255.509 | 0,71% | Saham |
| VANGUARD FIDUCIARY TRUST CO | $1.590.279.589 | 4.663.303 | 0,63% | Saham |
| Bank of New York Mellon Corp | $1.569.755.398 | 4.603.119 | 0,62% | Saham |
| DEUTSCHE BANK AG\ | $1.481.236.058 | 4.343.546 | 0,58% | Saham |
| Clearbridge Investments, LLC | $1.416.968.256 | 4.155.088 | 0,56% | Saham |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1.294.256.947 | 8.072.960 | 0,51% | Saham |
| CITADEL ADVISORS LLC | $1.228.313.118 | 3.601.880 | 0,48% | Opsi beli |
| CITADEL ADVISORS LLC | $1.144.128.920 | 3.355.020 | 0,45% | Opsi jual |
| BARCLAYS PLC | $1.068.320.172 | 3.132.720 | 0,42% | Saham |
| BANK OF MONTREAL /CAN/ | $1.013.249.877 | 2.971.233 | 0,40% | Saham |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $996.573.850 | 2.923.047 | 0,39% | Saham |
| UBS Group AG | $953.202.394 | 2.795.151 | 0,38% | Opsi beli |
| WELLINGTON MANAGEMENT GROUP LLP | $946.066.209 | 2.774.225 | 0,37% | Saham |
| FRANKLIN RESOURCES INC | $904.108.039 | 2.651.188 | 0,36% | Saham |
| Swedbank AB | $827.361.239 | 2.426.137 | 0,33% | Saham |
| CITIGROUP INC | $800.186.552 | 2.346.450 | 0,32% | Saham |
| Sumitomo Mitsui Trust Group, Inc. | $780.564.770 | 2.288.912 | 0,31% | Saham |
| Swiss National Bank | $780.020.161 | 2.287.315 | 0,31% | Saham |
| Pictet Asset Management Holding SA | $771.822.584 | 2.264.528 | 0,30% | Saham |
| RAYMOND JAMES FINANCIAL INC | $752.469.508 | 2.206.527 | 0,30% | Saham |
| JANE STREET GROUP, LLC | $750.411.782 | 2.200.492 | 0,30% | Saham |
| VOYA INVESTMENT MANAGEMENT LLC | $735.042.351 | 2.155.423 | 0,29% | Saham |
Orang dalam perusahaan 37 orang dalam · 15 pejabat · 24 direktur
| Orang Dalam | Peran | Aktivitas terakhir | Saham dimiliki | Beli 12m | Jual 12m | Bersih 12m |
|---|---|---|---|---|---|---|
| Nikesh Arora | Chief Executive Officer | 30 Juni 2026 I | 343.394 | 2 | 0 | $9.999.705 |
| Dipak Golechha | EVP, Chief Financial Officer | 24 Sep. 2026 S | 117.750 | 0 | 18 | $-13.959.974 |
| Jean Compeau | Deputy CFO & CAO | 20 Agu 2021 A | 24.119 | 0 | 0 | $0 |
| Luis Felipe Visoso | EVP, Chief Financial Officer | 5 Des. 2020 A | 51.475 | 0 | 0 | $0 |
| Kathleen Bonanno | EVP, Chief Financial Officer | 30 April 2020 F | 39.362 | 0 | 0 | $0 |
| Steffan Tomlinson | Chief Financial Officer | 20 Nov. 2017 F | 102.285 | 0 | 0 | $0 |
| William D Jenkins Jr | President | 4 Juni 2026 I | 148.217 | 0 | 3 | $-1.336.493 |
| Amit K. Singh | President | 2 Agu 2021 F | 114.630 | 0 | 0 | $0 |
| Mark Anderson | President | 20 Okt. 2018 F | 99.738 | 0 | 0 | $0 |
| Lee Klarich | EVP Chief Product & Tech Ofcr | 30 Sep. 2026 G | 615.070 | 0 | 35 | $-114.434.939 |
| Josh D. Paul | Chief Accounting Officer | 18 Sep. 2026 A | 79.695 | 0 | 10 | $-2.236.943 |
| Nir Zuk | EVP, Chief Technology Officer | 1 Agu 2025 S | 3.143.516 | 0 | 0 | $0 |
| Rene Bonvanie | EVP, Chief Marketing Officer | 19 Juli 2019 F | 29.691 | 0 | 0 | $0 |
| Haoying (Wilson) Xu | SVP, Engineering | 15 Agu 2014 S | 67.052 | 0 | 0 | $0 |
| Rajiv Batra | VP, Engineering | 3 Maret 2014 S | 125.500 | 0 | 0 | $0 |
| Aparna Bawa | Direktur | 24 Sep. 2026 S | 4.677 | 0 | 10 | $-1.466.763 |
| James J Goetz | Direktur | 17 Sep. 2026 S | 0 | 0 | 23 | $-21.741.208 |
| John P. Key | Direktur | 14 Sep. 2026 S | 10.000 | 0 | 3 | $-3.306.834 |
| Helle Thorning-Schmidt | Direktur | 1 Sep. 2026 F | 5.687 | 0 | 1 | $-242.795 |
| Mark A. Goodburn | Direktur | 10 Des. 2025 A | 5.728 | 0 | 0 | $0 |
| Mary Pat Mccarthy | Direktur | 9 Des. 2025 A | 55.023 | 0 | 0 | $0 |
| Lorraine Twohill | Direktur | 9 Des. 2025 A | 44.481 | 0 | 0 | $0 |
| Carl M. Eschenbach | Direktur | 9 Des. 2025 A | 22.123 | 0 | 0 | $0 |
| John Donovan | Direktur | 9 Des. 2025 A | 14.188 | 0 | 0 | $0 |
| Ralph Hamers | Direktur | 11 Maret 2025 A | 5.171 | 0 | 0 | $0 |
| Helene D Gayle | Direktur | 10 Des. 2024 A | 13.050 | 0 | 0 | $0 |
| Mark D Mclaughlin | Direktur | 25 Okt. 2022 S | 127.179 | 0 | 0 | $0 |
| Asheem Chandna | Direktur | 14 Des. 2021 A | 11.510 | 0 | 0 | $0 |
| Daniel J Warmenhoven | Direktur | 9 Des. 2019 A | 4.681 | 0 | 0 | $0 |
| Sridhar Ramaswamy | Direktur | 7 Des. 2018 A | 9.093 | 0 | 0 | $0 |
| Frank Calderoni | Direktur | 7 Des. 2018 A | 13.290 | 0 | 0 | $0 |
| Stanley J Meresman | Direktur | 4 Des. 2018 S | 0 | 0 | 0 | $0 |
| Charles J Robel | Direktur | 10 Juni 2014 M | 9.836 | 0 | 0 | $0 |
| Venky Ganesan | Direktur | 23 Okt. 2012 S | 0 | 0 | 0 | $0 |
| William A Lanfri | Direktur | 23 Okt. 2012 S | 720.186 | 0 | 0 | $0 |
| Shlomo Kramer | Direktur | 25 Juli 2012 C | 865.524 | 0 | 0 | $0 |
| Greylock XI GP Limited Partnership | Pemilik 10% | 13 Juni 2013 J | 4.356.061 | 0 | 0 | $0 |
Orang dalam dari pengajuan SEC Form 3/4/5; bersih = hanya P/S pasar terbuka
Kepemilikan ETF Dimiliki oleh 173 ETF
Bobot mencerminkan kepemilikan ekuitas langsung (N-PORT) saja; dana berbasis leverage atau derivatif mungkin memiliki eksposur swap tambahan yang tidak ditampilkan.
| Dana | Bobot | Unit | Per tanggal | Sumber |
|---|---|---|---|---|
| PALU · Direxion Shares ETF Trust | 15,04% | 11.853 NS | 31 Juli 2026 | N-PORT |
| IGV · iShares Trust | 9,36% | 3.681.605 SH | 11 Sep. 2026 | Harian |
| AIFD · TCW ETF Trust | 6,24% | 23.577 NS | 31 Juli 2026 | N-PORT |
| IHAK · iShares Trust | 4,62% | 143.219 SH | 11 Sep. 2026 | Harian |
| TECB · iShares Trust | 4,39% | 63.985 SH | 11 Sep. 2026 | Harian |
| RILA · Spinnaker ETF Series | 4,29% | 5.449 NS | 31 Juli 2026 | N-PORT |
| AMOM · Exchange Listed Funds Trust | 3,99% | 2.876 NS | 31 Juli 2026 | N-PORT |
| IVES · Wedbush Series Trust | 3,47% | 103.106 NS | 31 Juli 2026 | N-PORT |
| TRFK · Pacer Funds Trust | 3,42% | 98.258 NS | 31 Juli 2026 | N-PORT |
| FMTM · EA Series Trust | 3,37% | 25.633 NS | 31 Juli 2026 | N-PORT |
| PTF · Invesco Exchange-Traded Fund Trust | 3,31% | 52.743 SH | 2 Okt. 2026 | Harian |
| DECO · SSGA Active Trust | 3,30% | 2.036 NS | 31 Juli 2026 | N-PORT |
| HECO · SSGA Active Trust | 3,29% | 8.114 NS | 31 Juli 2026 | N-PORT |
| KNCT · Invesco Exchange-Traded Fund Trust | 3,24% | 13.601 SH | 2 Okt. 2026 | Harian |
| XT · iShares Trust | 2,74% | 314.117 SH | 11 Sep. 2026 | Harian |
| THNQ · EXCHANGE TRADED CONCEPTS TRUST | 2,60% | 32.608 NS | 31 Juli 2026 | N-PORT |
| LCOW · Pacer Funds Trust | 2,60% | 2.023 NS | 31 Juli 2026 | N-PORT |
| ABOT · Abacus FCF ETF Trust | 2,54% | 309 NS | 31 Juli 2026 | N-PORT |
| NULG · Nushares ETF Trust | 2,46% | 197.746 NS | 31 Juli 2026 | N-PORT |
| MTUM · iShares Trust | 2,40% | 1.727.317 SH | 11 Sep. 2026 | Harian |
| VEGN · ETF Series Solutions | 2,36% | 12.625 NS | 31 Juli 2026 | N-PORT |
| ABFL · Abacus FCF ETF Trust | 2,24% | 35.572 NS | 31 Juli 2026 | N-PORT |
| QQQG · Pacer Funds Trust | 2,14% | 1.317 NS | 31 Juli 2026 | N-PORT |
| ESLG · Strategy Shares | 2,08% | 1.459 NS | 31 Juli 2026 | N-PORT |
| COWG · Pacer Funds Trust | 2,03% | 135.107 NS | 31 Juli 2026 | N-PORT |
| AGRW · ALLSPRING EXCHANGE-TRADED FUNDS TRU… | 1,95% | 6.643 NS | 31 Juli 2026 | N-PORT |
| NUGO · Nushares ETF Trust | 1,79% | 131.827 NS | 31 Juli 2026 | N-PORT |
| SPMO · Invesco Exchange-Traded Fund Trust … | 1,72% | 1.009.618 SH | 2 Okt. 2026 | Harian |
| TEC · Harbor ETF Trust | 1,66% | 317 NS | 31 Juli 2026 | N-PORT |
| QTOP · iShares Trust | 1,64% | 13.688 SH | 11 Sep. 2026 | Harian |
| TEKX · SSGA Active Trust | 1,63% | 782 NS | 31 Juli 2026 | N-PORT |
| XOEF · iShares Trust | 1,55% | 1.018 SH | 11 Sep. 2026 | Harian |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 1,52% | 1.370 NS | 31 Juli 2026 | N-PORT |
| RSPT · Invesco Exchange-Traded Fund Trust | 1,52% | 236.969 SH | 2 Okt. 2026 | Harian |
| HGRO · ETF Opportunities Trust | 1,46% | 5.564 NS | 31 Juli 2026 | N-PORT |
| NULC · Nushares ETF Trust | 1,46% | 3.102 NS | 31 Juli 2026 | N-PORT |
| IYW · iShares Trust | 1,35% | 999.374 SH | 11 Sep. 2026 | Harian |
| QQQM · Invesco Exchange-Traded Fund Trust … | 1,35% | 3.749.530 SH | 2 Okt. 2026 | Harian |
| QQQ · Invesco QQQ Trust, Series 1 | 1,35% | 17.070.091 SH | 2 Okt. 2026 | Harian |
| GRZZ · Tidal Trust II | 1,34% | 1.345 NS | 31 Juli 2026 | N-PORT |
| ESMV · iShares Trust | 1,29% | 296 SH | 11 Sep. 2026 | Harian |
| TECL · Direxion Shares ETF Trust | 1,29% | 198.124 NS | 31 Juli 2026 | N-PORT |
| FXL · First Trust Exchange-Traded AlphaDE… | 1,29% | 99.752 NS | 31 Juli 2026 | N-PORT |
| QYLD · Global X Funds | 1,26% | 307.711 NS | 31 Juli 2026 | N-PORT |
| QRMI · Global X Funds | 1,25% | 540 NS | 31 Juli 2026 | N-PORT |
| QYLG · Global X Funds | 1,25% | 5.969 NS | 31 Juli 2026 | N-PORT |
| PTNQ · Pacer Funds Trust | 1,24% | 44.629 NS | 31 Juli 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 1,23% | 1.885 NS | 31 Juli 2026 | N-PORT |
| IGM · iShares Trust | 1,22% | 382.726 SH | 11 Sep. 2026 | Harian |
| UPSD · ETF Series Solutions | 1,22% | 4.312 NS | 31 Juli 2026 | N-PORT |
| EQWL · Invesco Exchange-Traded Fund Trust | 1,20% | 84.052 SH | 2 Okt. 2026 | Harian |
| QQQE · Direxion Shares ETF Trust | 1,20% | 48.253 NS | 31 Juli 2026 | N-PORT |
| QTR · Global X Funds | 1,20% | 275 NS | 31 Juli 2026 | N-PORT |
| QCLR · Global X Funds | 1,17% | 117 NS | 31 Juli 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 1,17% | 698.223 NS | 31 Juli 2026 | N-PORT |
| FOWF · Pacer Funds Trust | 1,14% | 543 NS | 31 Juli 2026 | N-PORT |
| QSIX · Pacer Funds Trust | 1,14% | 630 NS | 31 Juli 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 1,12% | 5.589.100 SH | 19 Agu 2026 | Harian |
| USXF · iShares Trust | 1,11% | 48.419 SH | 11 Sep. 2026 | Harian |
| EGUS · iShares Trust | 1,10% | 899 SH | 11 Sep. 2026 | Harian |
| MGK · VANGUARD WORLD FUND | 1,10% | 1.075.072 SH | 19 Agu 2026 | Harian |
| QLV · FlexShares Trust | 1,00% | 4.956 NS | 31 Juli 2026 | N-PORT |
| IXN · iShares Trust | 1,00% | 276.757 SH | 11 Sep. 2026 | Harian |
| ESUM · Strategy Shares | 0,99% | 5.439 NS | 31 Juli 2026 | N-PORT |
| QIDX · Spinnaker ETF Series | 0,99% | 1.158 NS | 31 Juli 2026 | N-PORT |
| PEVC · Pacer Funds Trust | 0,98% | 71 NS | 31 Juli 2026 | N-PORT |
| IWY · iShares Trust | 0,96% | 443.033 SH | 11 Sep. 2026 | Harian |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0,93% | 229.148 NS | 31 Juli 2026 | N-PORT |
| PDP · Invesco Exchange-Traded Fund Trust | 0,92% | 34.291 SH | 2 Okt. 2026 | Harian |
| TYLG · Global X Funds | 0,88% | 378 NS | 31 Juli 2026 | N-PORT |
| WINN · Harbor ETF Trust | 0,86% | 29.281 NS | 31 Juli 2026 | N-PORT |
| ILCG · iShares Trust | 0,86% | 78.900 SH | 11 Sep. 2026 | Harian |
| EGLE · Global X Funds | 0,83% | 55 NS | 31 Juli 2026 | N-PORT |
| IWF · iShares Trust | 0,83% | 3.030.877 SH | 11 Sep. 2026 | Harian |
| LSEQ · Harbor ETF Trust | 0,83% | 382 NS | 31 Juli 2026 | N-PORT |
| JOET · Virtus ETF Trust II | 0,82% | 6.019 NS | 31 Juli 2026 | N-PORT |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0,81% | 1.277.152 SH | 19 Agu 2026 | Harian |
| SUSL · iShares Trust | 0,81% | 28.764 SH | 11 Sep. 2026 | Harian |
| IQSU · New York Life Investments ETF Trust | 0,78% | 7.736 NS | 31 Juli 2026 | N-PORT |
| DSI · iShares Trust | 0,78% | 124.646 SH | 11 Sep. 2026 | Harian |
| VUG · VANGUARD INDEX FUNDS | 0,78% | 8.713.137 SH | 19 Agu 2026 | Harian |
| FFLG · FIDELITY COVINGTON TRUST | 0,73% | 13.055 NS | 31 Juli 2026 | N-PORT |
| SUSA · iShares Trust | 0,72% | 85.995 SH | 11 Sep. 2026 | Harian |
| SPTE · SP Funds Trust | 0,72% | 4.610 NS | 31 Juli 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0,72% | 5.364 NS | 31 Juli 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0,68% | 3.133 NS | 31 Juli 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0,68% | 51.165 NS | 31 Juli 2026 | N-PORT |
| GLBL · Pacer Funds Trust | 0,66% | 22 NS | 31 Juli 2026 | N-PORT |
| USMV · iShares Trust | 0,65% | 452.484 SH | 11 Sep. 2026 | Harian |
| RECS · Columbia ETF Trust I | 0,63% | 111.660 NS | 31 Juli 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0,63% | 26.460 SH | 2 Okt. 2026 | Harian |
| GARP · iShares Trust | 0,60% | 53.790 SH | 11 Sep. 2026 | Harian |
| FTC · First Trust Exchange-Traded AlphaDE… | 0,55% | 22.017 NS | 31 Juli 2026 | N-PORT |
| FBCG · FIDELITY COVINGTON TRUST | 0,54% | 112.626 NS | 31 Juli 2026 | N-PORT |
| MGC · VANGUARD WORLD FUND | 0,52% | 163.088 SH | 19 Agu 2026 | Harian |
| USCL · iShares Trust | 0,52% | 43.135 SH | 11 Sep. 2026 | Harian |
| ESGG · FlexShares Trust | 0,51% | 1.710 NS | 31 Juli 2026 | N-PORT |
| TOPC · iShares Trust | 0,51% | 492 SH | 11 Sep. 2026 | Harian |
| ESGU · iShares Trust | 0,51% | 266.865 SH | 11 Sep. 2026 | Harian |
| PBP · Invesco Exchange-Traded Fund Trust | 0,50% | 4.844 SH | 2 Okt. 2026 | Harian |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0,49% | 141.052 SH | 2 Okt. 2026 | Harian |
| IWL · iShares Trust | 0,48% | 31.317 SH | 11 Sep. 2026 | Harian |
| ESGV · VANGUARD WORLD FUND | 0,47% | 182.355 SH | 19 Agu 2026 | Harian |
| XVV · iShares Trust | 0,47% | 9.326 SH | 11 Sep. 2026 | Harian |
| ESLV · Strategy Shares | 0,45% | 194 NS | 31 Juli 2026 | N-PORT |
| ACIO · ETF Series Solutions | 0,44% | 31.431 NS | 31 Juli 2026 | N-PORT |
| CATH · Global X Funds | 0,44% | 17.280 NS | 31 Juli 2026 | N-PORT |
| VV · VANGUARD INDEX FUNDS | 0,44% | 953.008 SH | 19 Agu 2026 | Harian |
| VOOG · VANGUARD ADMIRAL FUNDS | 0,44% | 337.467 SH | 19 Agu 2026 | Harian |
| ADME · ETF Series Solutions | 0,43% | 3.838 NS | 31 Juli 2026 | N-PORT |
| WRND · New York Life Investments ETF Trust | 0,43% | 136 NS | 31 Juli 2026 | N-PORT |
| IVW · iShares Trust | 0,43% | 969.926 SH | 11 Sep. 2026 | Harian |
| VOO · VANGUARD INDEX FUNDS | 0,43% | 21.067.384 SH | 19 Agu 2026 | Harian |
| XYLD · Global X Funds | 0,42% | 41.267 NS | 31 Juli 2026 | N-PORT |
| XTR · Global X Funds | 0,42% | 61 NS | 31 Juli 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0,42% | 82.162 SH | 19 Agu 2026 | Harian |
| XRMI · Global X Funds | 0,42% | 632 NS | 31 Juli 2026 | N-PORT |
| TOV · EA Series Trust | 0,42% | 3.330 NS | 31 Juli 2026 | N-PORT |
| IVV · iShares Trust | 0,42% | 10.222.448 SH | 11 Sep. 2026 | Harian |
| PTLC · Pacer Funds Trust | 0,42% | 41.038 NS | 31 Juli 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0,42% | 111.654 NS | 31 Juli 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0,42% | 68.652 NS | 31 Juli 2026 | N-PORT |
| XYLG · Global X Funds | 0,42% | 803 NS | 31 Juli 2026 | N-PORT |
| CHRI · Global X Funds | 0,42% | 100 NS | 31 Juli 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0,41% | 13.698 NS | 31 Juli 2026 | N-PORT |
| ILCB · iShares Trust | 0,41% | 15.735 SH | 11 Sep. 2026 | Harian |
| PHDG · Invesco Actively Managed Exchange-T… | 0,41% | 642 SH | 2 Okt. 2026 | Harian |
| IUSG · iShares Trust | 0,41% | 399.669 SH | 11 Sep. 2026 | Harian |
| XCLR · Global X Funds | 0,41% | 44 NS | 31 Juli 2026 | N-PORT |
| IVE · iShares Trust | 0,41% | 592.847 SH | 11 Sep. 2026 | Harian |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0,40% | 133.362 SH | 19 Agu 2026 | Harian |
| IYY · iShares Trust | 0,39% | 34.798 SH | 11 Sep. 2026 | Harian |
| IWB · iShares Trust | 0,39% | 558.192 SH | 11 Sep. 2026 | Harian |
| DFUS · Dimensional ETF Trust | 0,39% | 244.624 NS | 31 Juli 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0,38% | 3.060 NS | 31 Juli 2026 | N-PORT |
| IUSV · iShares Trust | 0,38% | 312.236 SH | 11 Sep. 2026 | Harian |
| PABU · iShares Trust | 0,38% | 28.201 SH | 11 Sep. 2026 | Harian |
| VTI · VANGUARD INDEX FUNDS | 0,38% | 25.909.717 SH | 19 Agu 2026 | Harian |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0,38% | 67.897 SH | 19 Agu 2026 | Harian |
| QDPL · Pacer Funds Trust | 0,38% | 19.525 NS | 31 Juli 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0,38% | 66 NS | 31 Juli 2026 | N-PORT |
| ITOT · iShares Trust | 0,37% | 1.055.868 SH | 11 Sep. 2026 | Harian |
| IWV · iShares Trust | 0,37% | 222.119 SH | 11 Sep. 2026 | Harian |
| ACWV · iShares, Inc. | 0,37% | 36.783 SH | 11 Sep. 2026 | Harian |
| IETC · iShares U.S. ETF Trust | 0,33% | 6.767 SH | 11 Sep. 2026 | Harian |
| HCMT · Direxion Shares ETF Trust | 0,33% | 5.643 NS | 31 Juli 2026 | N-PORT |
| HDUS · Lattice Strategies Trust | 0,33% | 2.020 NS | 31 Juli 2026 | N-PORT |
| TOK · iShares Trust | 0,32% | 2.263 SH | 11 Sep. 2026 | Harian |
| SPXL · Direxion Shares ETF Trust | 0,31% | 63.406 NS | 31 Juli 2026 | N-PORT |
| URTH · iShares, Inc. | 0,30% | 72.927 SH | 11 Sep. 2026 | Harian |
| TILT · FlexShares Trust | 0,28% | 18.140 NS | 31 Juli 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0,28% | 4.785 NS | 31 Juli 2026 | N-PORT |
| ACWI · iShares Trust | 0,27% | 259.980 SH | 11 Sep. 2026 | Harian |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0,26% | 31.420 SH | 2 Okt. 2026 | Harian |
| FEX · First Trust Exchange-Traded AlphaDE… | 0,26% | 12.396 NS | 31 Juli 2026 | N-PORT |
| CRBN · iShares Trust | 0,25% | 8.684 SH | 11 Sep. 2026 | Harian |
| SIZE · iShares Trust | 0,25% | 3.154 SH | 11 Sep. 2026 | Harian |
| RSP · Invesco Exchange-Traded Fund Trust | 0,24% | 582.927 SH | 2 Okt. 2026 | Harian |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0,24% | 33.413 NS | 31 Juli 2026 | N-PORT |
| PWS · Pacer Funds Trust | 0,23% | 168 NS | 31 Juli 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0,23% | 673.868 SH | 19 Agu 2026 | Harian |
| DYNF · BlackRock ETF Trust | 0,22% | 272.134 SH | 11 Sep. 2026 | Harian |
| EUSA · iShares, Inc. | 0,19% | 10.844 SH | 11 Sep. 2026 | Harian |
| DFSU · Dimensional ETF Trust | 0,17% | 11.548 NS | 31 Juli 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0,15% | 54.744 NS | 31 Juli 2026 | N-PORT |
| LRGF · iShares Trust | 0,15% | 15.759 SH | 11 Sep. 2026 | Harian |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0,13% | 3.060 SH | 2 Okt. 2026 | Harian |
| DCOR · Dimensional ETF Trust | 0,11% | 11.451 NS | 31 Juli 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0,10% | 155 NS | 31 Juli 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0,08% | 20.591 SH | 2 Okt. 2026 | Harian |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0,07% | 1.494 SH | 2 Okt. 2026 | Harian |
| RWL · Invesco Exchange-Traded Fund Trust … | 0,07% | 17.123 SH | 2 Okt. 2026 | Harian |
| DFAC · Dimensional ETF Trust | 0,04% | 54.745 NS | 31 Juli 2026 | N-PORT |
PANW Konsensus Analis Opini analis bullish dan bearish, target harga 12 bulan, potensi kenaikan
Target Harga 12 Bulan
50 analis · 2026-09-30Target rata-rata $396.12 -1,8%
Perbandingan rekan (sub-industri GICS) Metrik utama vs rekan sektor
Dasar FY, harga per penutupan akhir tahun fiskal terakhir setiap perusahaan.
| Ticker | Kapitalisasi Pasar | P/E | Pendapatan YoY | Margin Bersih | ROE | Margin Kotor |
|---|---|---|---|---|---|---|
| PANW | $270.44B | 829.6 | 24.5% | 2.7% | 1.7% | 70.4% |
| MSFT | $2.77T | 20.8 | 17.8% | 40.3% | 34.0% | 67.9% |
| ORCL | $650.25B | 38.7 | 17.3% | 25.4% | 54.3% | · |
| CRWD | · | -685.9 | 21.7% | -3.4% | -4.2% | 74.7% |
| NOW | $160.43B | 91.7 | 20.9% | 13.2% | 14.6% | 77.5% |
| FTNT | $59.00B | 32.8 | 14.2% | 27.3% | 135.7% | 80.5% |
| RBRK | $11.32B | -31.4 | 48.5% | -26.5% | 64.4% | 80.1% |
| ZS | $24.65B | -387.7 | 25.4% | -1.9% | -2.6% | 76.8% |
| GEN | $11.30B | 12.0 | 27.1% | 19.5% | 38.4% | 78.5% |
| FROG | $7.47B | -100.7 | 24.1% | -13.5% | -8.4% | 76.8% |
| S | · | -10.2 | 21.9% | -45.0% | -30.6% | 74.1% |
Berita Terbaru Berita utama terbaru yang menyebutkan perusahaan ini
PANW Panel Analis AI — Pandangan Bullish dan Bearish Debat 2026Q2: Claude, Grok, Gemini, ChatGPT tentang prospek saham
Palo Alto Networks tetap menjadi saham medan pertempuran karena investor menimbang potensi pertumbuhan berbasis AI terhadap valuasi yang curam. Claude dan Gemini menyatakan skeptisisme, berpendapat bahwa rasio P/E 115x tidak berkelanjutan tanpa ekspansi margin segera. Sebaliknya, Grok dan ChatGPT berpendapat bahwa neraca bebas utang perusahaan dan kemitraan Anthropic memberikan parit yang tahan lama. Panel akhirnya terbagi apakah premi saham dibenarkan oleh pemesanan AI di masa depan atau terancam oleh makro ...
Babak 1 — Pandangan Awal
Saya melihat PANW membangun parit yang tak tergoyahkan dalam keamanan siber melalui platformisasi dan kemitraan AI, mengubah ancaman yang meningkat menjadi pertumbuhan pendapatan yang tahan lama. Margin kotor tetap kokoh di 73,47%, yang berarti tumpukan perangkat lunak terintegrasi mereka menguasai harga premium dengan sedikit peningkatan biaya. Utang terhadap ekuitas adalah nol, membebaskan kas untuk R&D dan pembelian kembali tanpa risiko leverage. Sebagai mitra peluncuran Anthropic pada 12 April untuk Claude Mythos, mereka diposisikan sebagai pembela utama terhadap kerentanan AI—jika ancaman meningkat, saham ini akan terbang.
Kekhawatiran terbesar saya adalah valuasi PANW yang berlebihan hancur jika pertumbuhan melambat di tengah persaingan dan kehati-hatian makro. P/E TTM mencapai 114,9, jauh di atas rekan-rekannya seperti FTNT di 31,5, sehingga harganya mencerminkan eksekusi yang sempurna tanpa ruang untuk kesalahan. ROE turun menjadi 14,85%, menandakan pengembalian tidak membenarkan kelipatan karena tantangan skala muncul. Saham anjlok ke 187,39 pada 11 Juli setelah mencapai puncaknya di dekat 206, menggemakan aksi jual 14 April pasca-hype Anthropic—jika sentimen semakin memburuk, penurunan akan semakin cepat.
Palo Alto Networks berada di pusat pergeseran struktural dalam keamanan siber — deteksi ancaman berbasis AI menjadi standar, dan PANW diposisikan sebagai mitra peluncuran untuk Claude Mythos Anthropic, model penemuan kerentanan paling mampu yang diproduksi. Margin kotor perusahaan sebesar 73,5% menunjukkan kekuatan harga yang bertahan bahkan ketika pasar meningkat. Dengan EPS tertinggal $1,58, saham ini mahal dengan P/E 115, tetapi kelipatan itu akan terkompresi tajam jika pertumbuhan pendapatan meningkat dari adopsi AI. Utang nol dan neraca benteng memberikan manajemen ruang untuk berinvestasi atau mengembalikan modal tanpa tekanan keuangan.
Palo Alto dihargai untuk kesempurnaan dengan P/E 115x sambil hanya memberikan margin bersih 11,7% dan ROE 14,8% — pengembalian yang tertinggal jauh dari rekan-rekannya seperti Oracle (ROE 57%) dan Fortinet (ROE 120%). Kesenjangan valuasi itu menandakan pasar telah memperhitungkan bertahun-tahun eksekusi yang sempurna. Rasio saat ini sebesar 0,98 berada tepat di bawah garis nyaman 1,0, yang berarti modal kerja menipis bahkan ketika saham telah naik 13% dalam enam minggu. Berita seputar Claude Mythos memicu aksi jual tajam pada pertengahan April, menunjukkan katalis AI mungkin sudah diperhitungkan atau dilebih-lebihkan. Rasio risiko-imbalan terbalik di sini.
Palo Alto Networks berhasil memposisikan dirinya sebagai tulang punggung yang sangat diperlukan untuk keamanan berbasis AI, yang membenarkan status premiumnya di sektor keamanan siber. Perusahaan mempertahankan margin kotor yang besar sebesar 73,47%. Ini menunjukkan bahwa model platform yang berpusat pada perangkat lunak mereka menguasai kekuatan harga yang signifikan bahkan saat mereka meningkat. Selain itu, rasio utang terhadap ekuitas mereka berada di 0,0. Neraca yang bersih ini memberikan perusahaan fleksibilitas yang sangat besar untuk mengakuisisi startup AI yang sedang berkembang atau menghadapi volatilitas pasar apa pun tanpa beban pembayaran bunga, membuat mereka jauh di depan pesaing seperti CrowdStrike yang masih berjuang untuk mencapai profitabilitas yang konsisten.
Valuasi saat ini terlepas dari kenyataan, membuat saham sangat rentan terhadap kekecewaan pendapatan atau pergeseran sentimen. Investor membayar 114,92 kali pendapatan tertinggal untuk saham ini. Kelipatan ini menyiratkan pasar mengharapkan kesempurnaan selama bertahun-tahun, menyisakan nol ruang untuk kesalahan eksekusi. Selain itu, imbal hasil ekuitas telah menurun menjadi 14,85%. Ini menunjukkan bahwa perusahaan menjadi kurang efisien dalam menghasilkan keuntungan dari modal yang diinvestasikan pemegang saham. Ketika Anda menggabungkan P/E tiga digit dengan efisiensi yang menurun, saham jelas dihargai untuk masa depan yang mungkin tidak pernah datang.
Saya pikir PANW memiliki parit profitabilitas yang tahan lama yang dapat mendorong pertumbuhan 2026 jika permintaan keamanan AI tetap tinggi. Margin kotor TTM: 73,47%. Margin tinggi itu berarti PANW mempertahankan sebagian besar pendapatan sebagai keuntungan, mendukung profitabilitas yang tahan lama seiring meningkatnya permintaan keamanan AI. Utang/Ekuitas: 0,0. Utang nol itu memberi PANW fleksibilitas keuangan dan menurunkan risiko jika kebutuhan pendanaan meningkat. ROE TTM: 14,85%. Itu menunjukkan efisiensi yang layak dalam mengubah ekuitas menjadi keuntungan, mendukung pertumbuhan tanpa leverage yang lebih berat.
Saya pikir saham menghadapi risiko valuasi dan likuiditas yang dapat membatasi kenaikan hingga Q2 2026. P/E TTM: 114,92%. Itu menunjukkan saham diperdagangkan dengan premi terhadap pendapatan; perlambatan pertumbuhan atau tekanan margin apa pun dapat memicu kompresi kelipatan. Rasio saat ini: 0,9854. Itu menunjukkan tekanan likuiditas jangka pendek; jika pendapatan melambat, modal kerja bisa menipis dan membebani saham. P/S TTM: 13,4343. Kelipatan penjualan yang tinggi itu menyiratkan taruhan pertumbuhan besar; perlambatan pertumbuhan lini teratas akan menekan valuasi.
Babak 2 — Tanggapan & Bantahan
Babak 2 — Tanggapan & Bantahan
Claude, saya tidak setuju bahwa rasio saat ini sebesar 0,98 menandakan pengetatan modal kerja—rasio ini sebenarnya telah meningkat dari 0,94 pada Q3 2025 menjadi 0,9854 sekarang, yang berarti likuiditas jangka pendek PANW telah menguat untuk menutupi kewajiban dengan lebih baik. Neraca benteng ini, ditambah dengan utang nol, memberi mereka kekuatan nyata untuk taruhan platform AI di tengah hype Anthropic, membuat inversi risiko-imbalan Anda terlalu pesimis.
Saya menolak klaim Gemini bahwa CrowdStrike 'masih berjuang untuk mencapai profitabilitas yang konsisten.' Itu bukan bacaan saya—CrowdStrike menjadi menguntungkan pada tahun 2024 dan menghasilkan pendapatan nyata sekarang, itulah sebabnya P/E mereka berada di kisaran 30-an rendah sementara PANW diperdagangkan pada 115. Poinnya bukanlah CRWD memiliki neraca yang lebih buruk; tetapi neraca bebas utang PANW tidak membenarkan kelipatan valuasi yang tiga kali lebih tinggi daripada rekan dengan metrik profitabilitas yang sebanding atau lebih baik. Neraca benteng adalah standar dalam perangkat lunak perusahaan, bukan alasan untuk membayar 115x pendapatan.
Grok, saya pikir Anda benar untuk menyoroti ketidaksesuaian antara valuasi dan imbal hasil ekuitas, tetapi saya tidak setuju bahwa kemitraan Anthropic adalah katalis murni. Anda mencatat P/E adalah 114,9, yang ekstrem. Kelipatan ini berarti investor membayar lebih dari satu abad pendapatan untuk perusahaan yang belum memberikan pertumbuhan untuk membenarkannya. Sementara Anda melihat integrasi Claude Mythos sebagai angin puyuh yang jelas, volatilitas pasar baru-baru ini menunjukkan bahwa investor semakin skeptis bahwa kemitraan AI ini akan diterjemahkan menjadi ekspansi margin lini bawah yang segera.
Claude, saya pikir PANW dihargai untuk kesempurnaan, tetapi opsi Claude Mythos dan neraca bebas utang masih penting. P/E tertinggal berada di sekitar 115x. Itu berarti pasar bertaruh pada bertahun-tahun pertumbuhan yang luar biasa dan ketahanan margin untuk PANW. Aksi harga baru-baru ini menunjukkan penarikan kembali ke sekitar $187 dari tertinggi mendekati $206 dalam beberapa minggu terakhir, menawarkan penahan jika katalis AI tetap utuh.
Babak 3 — Bantahan Akhir
Babak 3 — Bantahan Akhir
Claude, klaim Anda bahwa CrowdStrike menjadi menguntungkan pada tahun 2024 dengan P/E rendah-30-an tidak sesuai dengan data rekan yang kami miliki—ROE mereka berada di -8,66%, mengonfirmasi mereka masih dalam wilayah kerugian. ROE 14,85% PANW sebenarnya mengungguli itu, menyoroti parit profitabilitas nyata dibandingkan dengan pesaing langsung dalam keamanan generasi berikutnya. Kesenjangan ini mendukung penahanan melalui volatilitas, karena PANW mengubah ancaman menjadi keuntungan di mana CRWD gagal. Kemitraannya dengan Anthropic pada bulan April memperkuat keunggulan ini tanpa perlu melebih-lebihkan kelemahan rekan.
Saya ingin menolak pandangan Grok tentang pergerakan rasio saat ini. Grok, Anda benar bahwa 0,98 naik dari 0,94 pada Q3, tetapi itu hanya peningkatan marjinal 4 basis poin dalam posisi yang sudah ketat—kami masih di bawah garis nyaman 1,0 di mana sebagian besar rekan perangkat lunak perusahaan berada. Sinyal sebenarnya bukanlah arahnya; tetapi PANW membakar modal kerja bahkan ketika saham naik 13% dalam enam minggu. Itu kebalikan dari apa yang Anda harapkan jika tesis AI benar-benar beresonansi dengan pelanggan. Jika adopsi Claude Mythos mendorong penarikan pendapatan jangka pendek, kita akan melihat rasio saat ini berkembang, bukan tertatih-tatih di 0,98. Ketatnya itu, ditambah dengan P/E 115x, memberi tahu saya pasar memperhitungkan pertumbuhan yang belum muncul dalam konversi kas.
Saya ingin memperluas bingkai ke rezim makro, khususnya bagaimana siklus suku bunga saat ini menghukum saham kelipatan tinggi seperti Palo Alto Networks. Sementara Grok dan Claude memperdebatkan rasio likuiditas, mereka mengabaikan bahwa biaya modal akhirnya terasa. Ketika suku bunga bebas risiko tinggi, P/E 114,92 menjadi tidak berkelanjutan secara matematis untuk perusahaan yang tumbuh pada kecepatan saat ini. Kelipatan itu mewakili harga yang dibayar investor untuk setiap dolar pendapatan. Selama suku bunga tetap ketat, pasar akan terus berputar keluar dari nama 'pertumbuhan dengan harga berapa pun' seperti PANW dan ke dalam teknologi yang berorientasi nilai.
Claude, klaim Anda bahwa profitabilitas CrowdStrike meniadakan kelipatan tinggi PANW melewatkan risiko inti yang kita perdagangkan hari ini. PANW diperdagangkan sekitar 114,9x pendapatan tertinggal. Tingkat itu menandakan pasar memperhitungkan bertahun-tahun pertumbuhan yang sempurna ke dalam apa yang pada dasarnya adalah platform perangkat lunak-keamanan dengan leverage AI, sehingga perlambatan apa pun dalam adopsi AI, tekanan kompetitif, atau hambatan eksekusi dapat memicu penilaian ulang yang berarti.
Prakiraan Harga
| Model | Target 3B | Target 6B | Alasan |
|---|---|---|---|
| Grok | $192.00 | $210.00 | Saya pikir parit keamanan AI PANW melalui kemitraan Claude Mythos Anthropic mendukung penahanan dengan kenaikan moderat saat pertumbuhan berinfleksi. Katalis konkret adalah pendapatan Q2 FY2026 PANW pada akhir Agustus 2026, di mana panduan ARR platformisasi dapat melebihi 20% YoY dan memvalidasi hype. Risiko utama adalah keputusan suku bunga September 2026 Fed menaikkan menjadi 5,5%, mengompresi kelipatan tinggi seperti P/E 115 PANW. Target 6 bulan saya sebesar $210 menyiratkan P/E forward 75x pada EPS $2,80—masuk akal untuk margin kotor 73% yang mendanai R&D AI tanpa beban utang. |
| Claude | $165.00 | $172.00 | Valuasi PANW secara matematis tidak berkelanjutan pada 115x pendapatan tertinggal kecuali pertumbuhan pendapatan meningkat tajam—dan rasio saat ini yang tertahan di 0,98 menunjukkan bahwa adopsi AI belum mendorong konversi kas yang diperhitungkan pasar. Tesis saya: saham akan dinilai ulang lebih rendah selama tiga bulan karena musim pendapatan memaksa perhitungan antara hype dan eksekusi, kemudian stabil saat kemitraan Claude Mythos matang menjadi pemesanan nyata. Katalis adalah pendapatan 2026Q2 pada akhir Agustus—jika panduan tidak menunjukkan percepatan ARR yang didorong AI secara material, kompresi kelipatan tidak dapat dihindari. Risikonya adalah Claude Mythos benar-benar mendorong adopsi perusahaan segera, memvalidasi kelipatan 115x. Pada 165, PANW diperdagangkan sekitar 105x pendapatan ke depan, masih premium tetapi lebih dekat ke rekan-rekannya seperti NOW di 58x. Saya merevisi dari tahan menjadi jual taktis menjelang pendapatan. |
| Gemini | $185.00 | $195.00 | Saya percaya Palo Alto Networks akan diperdagangkan datar hingga sedikit lebih tinggi karena pasar merekonsiliasi narasi AI premiumnya dengan realitas pertumbuhan pendapatannya yang stagnan. Target enam bulan saya bergantung pada cetakan pendapatan 2026Q3; jika mereka menunjukkan bahwa integrasi Claude Mythos mendorong penagihan perusahaan yang terukur, saham dapat keluar dari kisaran saat ini. Sebaliknya, kegagalan untuk memperluas margin bersih di atas 11,69% kemungkinan akan memicu penyesuaian ulang valuasi. Angka margin itu mewakili sebagian kecil pendapatan yang benar-benar disimpan perusahaan sebagai keuntungan, yang sangat rendah untuk perusahaan yang diperdagangkan pada P/E 114,92. Kelipatan itu berarti investor membayar lebih dari satu abad pendapatan untuk kinerja saat ini. |
| Chatgpt | $190.00 | $210.00 | Saya pikir PANW dapat terus meningkat dalam beberapa bulan ke depan jika permintaan berbasis AI tetap kuat dan ekspektasi pertumbuhan pasar tidak tiba-tiba disesuaikan ulang. Katalis: cetakan pendapatan PANW yang akan datang yang menunjukkan percepatan pemesanan terkait AI akan memvalidasi tesis AI. Risiko: kerugian pendapatan yang berarti atau reli suku bunga yang lebih tajam yang menghancurkan saham pertumbuhan dapat memicu penilaian ulang yang cepat. Saham diperdagangkan sekitar 115x pendapatan tertinggal. Apa artinya itu bagi PANW: pasar bertaruh bertahun-tahun pertumbuhan yang sempurna ke dalam platform keamanan, jadi penundaan apa pun dalam adopsi AI atau tekanan margin dapat menyebabkan kompresi kelipatan. |
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