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AI Cloud·9988.HK

Alibaba Group Holding Limited

HKSE · CN

Operator of Alibaba Cloud, a major China and Asia cloud platform selling GPU instances, AI inference, model studio, and cloud AI services.

AI relevance

Large regional hyperscale AI cloud with accelerator pooling, model serving, and enterprise AI infrastructure exposure.

AI Cloud AI Model Hyperscaler China

Price

$104.90

Change

-2.00 (-1.87%)

Market cap

$2.01T

52w range

$102–$186

Exchange

HKSE

Country

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Price chart

9988.HK market performance

Daily close for Alibaba Group Holding Limited

Latest close: $104.9
Range move: -$7.30 (-6.5%)
Range high: $185.1
Range low: $102.9
Latest volume: 160.3M
Source: FMP EOD

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Exports

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CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1229 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

47 rows

Available earnings-call transcript dates by fiscal year and quarter.

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StreetBuy

Analyst expectations

Consensus target

Target range

-- - --

Rating mix

Buy

48 ratings

Next FY revenue

$1.14T

2027-03-31

Next FY EPS

$5.41

$3.72 - $7.10

Rating consensus48 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-03-31	$1.14T	$1.08T - $1.19T	$5.41	$3.72 - $7.10	$204.05B	$147.65B	$103.98B	$222.83B	48 rev / 20 EPS
2028-03-31	$1.29T	$1.12T - $1.41T	$7.67	$5.67 - $10.21	$229.03B	$165.73B	$147.48B	$250.12B	42 rev / 20 EPS
2029-03-31	$1.43T	$1.30T - $1.54T	$9.79	$8.57 - $10.72	$255.63B	$184.97B	$188.36B	$279.16B	21 rev / 10 EPS
2030-03-31	$1.61T	$1.45T - $1.72T	$9.08	$7.95 - $9.94	$286.64B	$207.41B	$174.74B	$313.03B	21 rev / 10 EPS
2031-03-31	$1.85T	$1.67T - $1.98T	$0.00	$0.00 - $0.00	$329.64B	$238.52B	$0	$359.98B	20 rev / 11 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$273.02B	$263.25B - $280.91B	$1.27	$0.77 - $1.87	$48.66B	$35.21B	$24.47B	$53.14B	18 rev / 4 EPS
2026-09-30	$274.41B	$260.31B - $282.76B	$1.19	$0.97 - $1.38	$48.91B	$35.39B	$23.06B	$53.41B	14 rev / 4 EPS
2026-12-31	$316.72B	$302.91B - $326.12B	$1.63	$1.54 - $1.70	$56.45B	$40.84B	$31.57B	$61.64B	11 rev / 2 EPS
2027-03-31	$275.77B	$263.74B - $283.95B	$1.32	$1.24 - $1.37	$49.15B	$35.56B	$25.44B	$53.67B	11 rev / 2 EPS
2027-06-30	$313.62B	$299.94B - $322.92B	$2.00	$1.89 - $2.08	$55.89B	$40.44B	$38.66B	$61.04B	7 rev / 1 EPS
2027-09-30	$313.93B	$300.24B - $323.24B	$2.04	$1.93 - $2.12	$55.95B	$40.48B	$39.47B	$61.10B	8 rev / 1 EPS
2027-12-31	$362.69B	$346.87B - $373.45B	$2.53	$2.39 - $2.63	$64.64B	$46.77B	$48.95B	$70.59B	7 rev / 2 EPS
2028-03-31	$320.18B	$306.21B - $329.67B	$2.37	$2.24 - $2.46	$57.06B	$41.29B	$45.85B	$62.31B	6 rev / 3 EPS

Price target history

No price target summary on file.

Latest grade actions

Date	Firm	Action	Previous	New
2023-10-09	Benchmark	Maintain	Buy	Buy
2023-08-30	Susquehanna	Maintain	Positive	Positive
2023-08-10	Baird	Maintain	Outperform	Outperform
2023-08-10	Benchmark	Maintain	Buy	Buy
2023-08-10	B of A Securities	Maintain	Buy	Buy
2023-08-10	DZ Bank	Upgrade	Hold	Buy
2023-08-10	Citigroup	Maintain	Buy	Buy
2023-08-10	Bernstein	Maintain	Market Perform	Market Perform

Historical rating snapshots

Date	Strong buy	Buy	Hold	Strong sell
2026-06-01	5	25	1	1
2026-05-01	5	24	1	1
2026-04-01	5	27	1	1
2026-03-01	6	28	1	1
2026-02-01	6	27	1	1
2026-01-01	6	27	1	1
2025-12-01	6	28	1	1
2025-11-01	6	27	0	1

FinancialsFY 2026

Financials

Revenue

$1.02T

Gross margin

39.8%

Operating income

$59.66B

Free cash flow

-$50.72B

Cash + ST investments

$357.73B

Net debt

$86.14B

ROE

9.8%

ROIC

3.2%

EV / sales

2.0x

EV / EBITDA

11.0x

R&D / revenue

6.5%

Current ratio

1.3x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$1.02T	$407.53B	39.8%	$66.53B	$59.66B	$186.30B	$103.59B	$5.70
FY 2025	$996.35B	$398.06B	40.0%	$57.15B	$140.91B	$207.51B	$130.11B	$6.95
FY 2024	$941.17B	$354.85B	37.7%	$52.26B	$113.35B	$164.01B	$80.01B	$3.95
FY 2023	$868.69B	$318.99B	36.7%	$56.74B	$100.35B	$153.11B	$72.78B	$3.46
FY 2022	$853.06B	$313.61B	36.8%	$55.47B	$69.64B	$128.23B	$62.25B	$2.87
FY 2021	$717.29B	$296.08B	41.3%	$57.24B	$89.68B	$217.96B	$150.58B	$6.95
FY 2020	$509.71B	$227.34B	44.6%	$43.08B	$91.43B	$214.25B	$149.43B	$7.97
FY 2019	$376.84B	$169.91B	45.1%	$37.44B	$57.08B	$138.49B	$87.89B	$4.26
FY 2018	$250.27B	$143.22B	57.2%	$22.75B	$69.31B	$125.99B	$64.09B	$3.14
FY 2017	$158.27B	$98.79B	62.4%	$17.06B	$48.05B	$76.99B	$43.67B	$2.53
FY 2016	$101.14B	$66.79B	66.0%	$13.79B	$29.10B	$90.46B	$71.46B	$4.43
FY 2015	$76.20B	$52.37B	68.7%	$10.66B	$23.14B	$39.58B	$24.26B	$1.21

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$76.21B	$126.06B	-$50.72B
FY 2025	$164.82B	$86.66B	$78.16B
FY 2024	$184.01B	$33.18B	$150.82B
FY 2023	$199.90B	$34.38B	$165.52B
FY 2022	$140.39B	$52.44B	$87.95B
FY 2021	$223.63B	$41.67B	$181.96B
FY 2020	$185.21B	$46.54B	$138.67B
FY 2019	$151.01B	$49.65B	$101.36B
FY 2018	$118.04B	$28.14B	$89.91B
FY 2017	$82.02B	$17.92B	$64.11B
FY 2016	$57.81B	$11.03B	$46.78B
FY 2015	$41.99B	$7.69B	$34.30B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$357.73B	$0	$0	$281.75B	$1.90T	$259.13B	$86.14B	$780.68B	$1.06T
FY 2025	$428.09B	$129.07B	$18.89B	$249.35B	$1.80T	$248.11B	$102.62B	$714.12B	$1.01T
FY 2024	$571.03B	$80.41B	$25.46B	$273.47B	$1.76T	$205.61B	-$42.51B	$652.23B	$986.54B
FY 2023	$524.47B	$78.64B	$28.55B	$176.03B	$1.75T	$195.57B	$2.48B	$630.12B	$989.66B
FY 2022	$455.08B	$82.43B	$30.09B	$171.81B	$1.70T	$176.60B	-$13.30B	$613.36B	$948.48B
FY 2021	$483.44B	$64.09B	$27.86B	$147.41B	$1.69T	$181.44B	-$139.82B	$606.58B	$937.47B
FY 2020	$363.21B	$30.82B	$14.86B	$103.39B	$1.31T	$147.29B	-$183.22B	$433.33B	$755.40B
FY 2019	$203.16B	$34.12B	$8.53B	$92.03B	$965.08B	$134.30B	-$55.68B	$349.67B	$492.26B
FY 2018	$210.21B	$29.07B	$4.54B	$66.49B	$717.12B	$125.55B	-$73.76B	$277.69B	$365.82B
FY 2017	$150.80B	$22.16B	$957.0M	$20.21B	$506.81B	$91.73B	-$52.00B	$182.69B	$278.80B
FY 2016	$115.70B	$12.17B	$0	$13.63B	$364.45B	$57.57B	-$49.25B	$114.56B	$216.99B
FY 2015	$126.00B	$11.13B	$0	$9.14B	$255.43B	$52.59B	-$55.60B	$98.02B	$145.44B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	39.8%	5.8%	10.1%	1.3x	1.3x	9.8%	3.2%	2.0x	11.0x	-2.6%	6.5%	-212d
FY 2025	40.0%	14.1%	13.1%	1.5x	1.5x	12.9%	7.9%	2.4x	11.3x	3.5%	5.7%	59d
FY 2024	37.7%	12.0%	8.5%	1.8x	1.7x	8.1%	6.2%	1.4x	7.8x	11.4%	5.6%	47d
FY 2023	36.7%	11.6%	8.4%	1.8x	1.7x	7.4%	5.9%	2.1x	12.0x	9.0%	6.5%	-17d
FY 2022	36.8%	8.2%	7.3%	1.7x	1.6x	6.6%	3.3%	2.3x	15.1x	4.5%	6.5%	-17d
FY 2021	41.3%	12.5%	21.0%	1.7x	1.6x	16.1%	5.6%	5.4x	17.7x	4.5%	8.0%	-25d
FY 2020	44.6%	17.9%	29.3%	1.9x	1.9x	19.8%	7.4%	6.5x	15.6x	3.9%	8.5%	-46d
FY 2019	45.1%	15.1%	23.3%	1.3x	1.3x	17.9%	6.1%	8.6x	23.5x	3.1%	9.9%	-44d
FY 2018	57.2%	27.7%	25.6%	1.9x	1.9x	17.5%	9.1%	11.9x	23.7x	2.9%	9.1%	-80d
FY 2017	62.4%	30.4%	27.6%	1.9x	1.9x	15.7%	8.4%	20.6x	42.4x	1.9%	10.8%	-67d
FY 2016	66.0%	28.8%	70.7%	2.6x	2.6x	32.9%	8.2%	29.8x	33.4x	1.5%	13.6%	-45d
FY 2015	68.7%	30.4%	31.8%	3.6x	3.6x	16.7%	8.4%	36.1x	69.4x	1.2%	14.0%	-26d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+2.7%	+2.4%	+16.4%	-57.7%	-20.4%	-18.0%	-164.9%	-46.5%	-16.4%	-100.0%	+5.5%	+4.4%
FY 2025	+5.9%	+12.2%	+9.4%	+24.3%	+62.6%	+75.9%	-48.2%	-161.2%	-25.0%	-25.8%	+2.2%	+20.7%
FY 2024	+8.3%	+11.2%	-7.9%	+13.0%	+9.9%	+14.2%	-8.9%	+3.5%	+8.9%	-10.8%	+0.7%	+5.1%
FY 2023	+1.8%	+1.7%	+2.3%	+44.1%	+16.9%	+20.6%	+88.2%	+34.4%	+15.2%	-5.1%	+3.4%	+10.7%
FY 2022	+18.9%	+5.9%	-3.1%	-22.3%	-58.7%	-58.7%	-51.7%	-25.9%	-5.9%	+8.0%	+0.3%	-2.7%
FY 2021	+40.7%	+30.2%	+32.9%	-1.9%	+0.8%	-12.8%	+31.2%	+10.5%	+33.1%	+87.5%	+28.7%	+23.2%
FY 2020	+35.3%	+33.8%	+15.1%	+60.2%	+70.0%	+87.1%	+36.8%	+6.3%	+78.8%	+74.1%	+36.0%	+9.7%
FY 2019	+50.6%	+18.6%	+64.5%	-17.6%	+37.1%	+35.7%	+12.7%	-76.5%	-3.4%	+88.2%	+34.6%	+7.0%
FY 2018	+58.1%	+45.0%	+33.4%	+44.2%	+46.7%	+24.1%	+40.2%	-57.0%	+39.4%	+373.9%	+41.5%	+36.9%
FY 2017	+56.5%	+47.9%	+23.7%	+65.1%	-38.9%	-42.9%	+37.0%	-62.4%	+30.3%	0.0%	+39.1%	+59.4%
FY 2016	+32.7%	+27.5%	+29.4%	+25.8%	+194.5%	+266.1%	+36.4%	-43.4%	-8.2%	0.0%	+42.7%	+9.5%
FY 2015	+45.1%	+33.8%	+109.3%	-7.2%	+4.1%	-3.2%	+47.5%	-58.8%	+179.5%	0.0%	+129.0%	+28.0%

Segments

Revenue Mix

Revenue segmentation data unavailable.

Transcripts47 on file

Transcripts

Events

Next earnings

2026-08-28EPS est $1.44

Analyst expectations

Consensus target

Target range

-- - --

Rating mix

Buy

48 ratings

Next FY revenue

$1.14T

2027-03-31

Next FY EPS

$5.41

$3.72 - $7.10

Rating consensus48 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-03-31	$1.14T	$1.08T - $1.19T	$5.41	$3.72 - $7.10	$204.05B	$147.65B	$103.98B	$222.83B	48 rev / 20 EPS
2028-03-31	$1.29T	$1.12T - $1.41T	$7.67	$5.67 - $10.21	$229.03B	$165.73B	$147.48B	$250.12B	42 rev / 20 EPS
2029-03-31	$1.43T	$1.30T - $1.54T	$9.79	$8.57 - $10.72	$255.63B	$184.97B	$188.36B	$279.16B	21 rev / 10 EPS
2030-03-31	$1.61T	$1.45T - $1.72T	$9.08	$7.95 - $9.94	$286.64B	$207.41B	$174.74B	$313.03B	21 rev / 10 EPS
2031-03-31	$1.85T	$1.67T - $1.98T	$0.00	$0.00 - $0.00	$329.64B	$238.52B	$0	$359.98B	20 rev / 11 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$273.02B	$263.25B - $280.91B	$1.27	$0.77 - $1.87	$48.66B	$35.21B	$24.47B	$53.14B	18 rev / 4 EPS
2026-09-30	$274.41B	$260.31B - $282.76B	$1.19	$0.97 - $1.38	$48.91B	$35.39B	$23.06B	$53.41B	14 rev / 4 EPS
2026-12-31	$316.72B	$302.91B - $326.12B	$1.63	$1.54 - $1.70	$56.45B	$40.84B	$31.57B	$61.64B	11 rev / 2 EPS
2027-03-31	$275.77B	$263.74B - $283.95B	$1.32	$1.24 - $1.37	$49.15B	$35.56B	$25.44B	$53.67B	11 rev / 2 EPS
2027-06-30	$313.62B	$299.94B - $322.92B	$2.00	$1.89 - $2.08	$55.89B	$40.44B	$38.66B	$61.04B	7 rev / 1 EPS
2027-09-30	$313.93B	$300.24B - $323.24B	$2.04	$1.93 - $2.12	$55.95B	$40.48B	$39.47B	$61.10B	8 rev / 1 EPS
2027-12-31	$362.69B	$346.87B - $373.45B	$2.53	$2.39 - $2.63	$64.64B	$46.77B	$48.95B	$70.59B	7 rev / 2 EPS
2028-03-31	$320.18B	$306.21B - $329.67B	$2.37	$2.24 - $2.46	$57.06B	$41.29B	$45.85B	$62.31B	6 rev / 3 EPS

Price target history

No price target summary on file.

Latest grade actions

Date	Firm	Action	Previous	New
2023-10-09	Benchmark	Maintain	Buy	Buy
2023-08-30	Susquehanna	Maintain	Positive	Positive
2023-08-10	Baird	Maintain	Outperform	Outperform
2023-08-10	Benchmark	Maintain	Buy	Buy
2023-08-10	B of A Securities	Maintain	Buy	Buy
2023-08-10	DZ Bank	Upgrade	Hold	Buy
2023-08-10	Citigroup	Maintain	Buy	Buy
2023-08-10	Bernstein	Maintain	Market Perform	Market Perform

Historical rating snapshots

Date	Strong buy	Buy	Hold	Strong sell
2026-06-01	5	25	1	1
2026-05-01	5	24	1	1
2026-04-01	5	27	1	1
2026-03-01	6	28	1	1
2026-02-01	6	27	1	1
2026-01-01	6	27	1	1
2025-12-01	6	28	1	1
2025-11-01	6	27	0	1

Financials

Revenue

$1.02T

Gross margin

39.8%

Operating income

$59.66B

Free cash flow

-$50.72B

Cash + ST investments

$357.73B

Net debt

$86.14B

ROE

9.8%

ROIC

3.2%

EV / sales

2.0x

EV / EBITDA

11.0x

R&D / revenue

6.5%

Current ratio

1.3x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$1.02T	$407.53B	39.8%	$66.53B	$59.66B	$186.30B	$103.59B	$5.70
FY 2025	$996.35B	$398.06B	40.0%	$57.15B	$140.91B	$207.51B	$130.11B	$6.95
FY 2024	$941.17B	$354.85B	37.7%	$52.26B	$113.35B	$164.01B	$80.01B	$3.95
FY 2023	$868.69B	$318.99B	36.7%	$56.74B	$100.35B	$153.11B	$72.78B	$3.46
FY 2022	$853.06B	$313.61B	36.8%	$55.47B	$69.64B	$128.23B	$62.25B	$2.87
FY 2021	$717.29B	$296.08B	41.3%	$57.24B	$89.68B	$217.96B	$150.58B	$6.95
FY 2020	$509.71B	$227.34B	44.6%	$43.08B	$91.43B	$214.25B	$149.43B	$7.97
FY 2019	$376.84B	$169.91B	45.1%	$37.44B	$57.08B	$138.49B	$87.89B	$4.26
FY 2018	$250.27B	$143.22B	57.2%	$22.75B	$69.31B	$125.99B	$64.09B	$3.14
FY 2017	$158.27B	$98.79B	62.4%	$17.06B	$48.05B	$76.99B	$43.67B	$2.53
FY 2016	$101.14B	$66.79B	66.0%	$13.79B	$29.10B	$90.46B	$71.46B	$4.43
FY 2015	$76.20B	$52.37B	68.7%	$10.66B	$23.14B	$39.58B	$24.26B	$1.21

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$76.21B	$126.06B	-$50.72B
FY 2025	$164.82B	$86.66B	$78.16B
FY 2024	$184.01B	$33.18B	$150.82B
FY 2023	$199.90B	$34.38B	$165.52B
FY 2022	$140.39B	$52.44B	$87.95B
FY 2021	$223.63B	$41.67B	$181.96B
FY 2020	$185.21B	$46.54B	$138.67B
FY 2019	$151.01B	$49.65B	$101.36B
FY 2018	$118.04B	$28.14B	$89.91B
FY 2017	$82.02B	$17.92B	$64.11B
FY 2016	$57.81B	$11.03B	$46.78B
FY 2015	$41.99B	$7.69B	$34.30B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$357.73B	$0	$0	$281.75B	$1.90T	$259.13B	$86.14B	$780.68B	$1.06T
FY 2025	$428.09B	$129.07B	$18.89B	$249.35B	$1.80T	$248.11B	$102.62B	$714.12B	$1.01T
FY 2024	$571.03B	$80.41B	$25.46B	$273.47B	$1.76T	$205.61B	-$42.51B	$652.23B	$986.54B
FY 2023	$524.47B	$78.64B	$28.55B	$176.03B	$1.75T	$195.57B	$2.48B	$630.12B	$989.66B
FY 2022	$455.08B	$82.43B	$30.09B	$171.81B	$1.70T	$176.60B	-$13.30B	$613.36B	$948.48B
FY 2021	$483.44B	$64.09B	$27.86B	$147.41B	$1.69T	$181.44B	-$139.82B	$606.58B	$937.47B
FY 2020	$363.21B	$30.82B	$14.86B	$103.39B	$1.31T	$147.29B	-$183.22B	$433.33B	$755.40B
FY 2019	$203.16B	$34.12B	$8.53B	$92.03B	$965.08B	$134.30B	-$55.68B	$349.67B	$492.26B
FY 2018	$210.21B	$29.07B	$4.54B	$66.49B	$717.12B	$125.55B	-$73.76B	$277.69B	$365.82B
FY 2017	$150.80B	$22.16B	$957.0M	$20.21B	$506.81B	$91.73B	-$52.00B	$182.69B	$278.80B
FY 2016	$115.70B	$12.17B	$0	$13.63B	$364.45B	$57.57B	-$49.25B	$114.56B	$216.99B
FY 2015	$126.00B	$11.13B	$0	$9.14B	$255.43B	$52.59B	-$55.60B	$98.02B	$145.44B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	39.8%	5.8%	10.1%	1.3x	1.3x	9.8%	3.2%	2.0x	11.0x	-2.6%	6.5%	-212d
FY 2025	40.0%	14.1%	13.1%	1.5x	1.5x	12.9%	7.9%	2.4x	11.3x	3.5%	5.7%	59d
FY 2024	37.7%	12.0%	8.5%	1.8x	1.7x	8.1%	6.2%	1.4x	7.8x	11.4%	5.6%	47d
FY 2023	36.7%	11.6%	8.4%	1.8x	1.7x	7.4%	5.9%	2.1x	12.0x	9.0%	6.5%	-17d
FY 2022	36.8%	8.2%	7.3%	1.7x	1.6x	6.6%	3.3%	2.3x	15.1x	4.5%	6.5%	-17d
FY 2021	41.3%	12.5%	21.0%	1.7x	1.6x	16.1%	5.6%	5.4x	17.7x	4.5%	8.0%	-25d
FY 2020	44.6%	17.9%	29.3%	1.9x	1.9x	19.8%	7.4%	6.5x	15.6x	3.9%	8.5%	-46d
FY 2019	45.1%	15.1%	23.3%	1.3x	1.3x	17.9%	6.1%	8.6x	23.5x	3.1%	9.9%	-44d
FY 2018	57.2%	27.7%	25.6%	1.9x	1.9x	17.5%	9.1%	11.9x	23.7x	2.9%	9.1%	-80d
FY 2017	62.4%	30.4%	27.6%	1.9x	1.9x	15.7%	8.4%	20.6x	42.4x	1.9%	10.8%	-67d
FY 2016	66.0%	28.8%	70.7%	2.6x	2.6x	32.9%	8.2%	29.8x	33.4x	1.5%	13.6%	-45d
FY 2015	68.7%	30.4%	31.8%	3.6x	3.6x	16.7%	8.4%	36.1x	69.4x	1.2%	14.0%	-26d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+2.7%	+2.4%	+16.4%	-57.7%	-20.4%	-18.0%	-164.9%	-46.5%	-16.4%	-100.0%	+5.5%	+4.4%
FY 2025	+5.9%	+12.2%	+9.4%	+24.3%	+62.6%	+75.9%	-48.2%	-161.2%	-25.0%	-25.8%	+2.2%	+20.7%
FY 2024	+8.3%	+11.2%	-7.9%	+13.0%	+9.9%	+14.2%	-8.9%	+3.5%	+8.9%	-10.8%	+0.7%	+5.1%
FY 2023	+1.8%	+1.7%	+2.3%	+44.1%	+16.9%	+20.6%	+88.2%	+34.4%	+15.2%	-5.1%	+3.4%	+10.7%
FY 2022	+18.9%	+5.9%	-3.1%	-22.3%	-58.7%	-58.7%	-51.7%	-25.9%	-5.9%	+8.0%	+0.3%	-2.7%
FY 2021	+40.7%	+30.2%	+32.9%	-1.9%	+0.8%	-12.8%	+31.2%	+10.5%	+33.1%	+87.5%	+28.7%	+23.2%
FY 2020	+35.3%	+33.8%	+15.1%	+60.2%	+70.0%	+87.1%	+36.8%	+6.3%	+78.8%	+74.1%	+36.0%	+9.7%
FY 2019	+50.6%	+18.6%	+64.5%	-17.6%	+37.1%	+35.7%	+12.7%	-76.5%	-3.4%	+88.2%	+34.6%	+7.0%
FY 2018	+58.1%	+45.0%	+33.4%	+44.2%	+46.7%	+24.1%	+40.2%	-57.0%	+39.4%	+373.9%	+41.5%	+36.9%
FY 2017	+56.5%	+47.9%	+23.7%	+65.1%	-38.9%	-42.9%	+37.0%	-62.4%	+30.3%	0.0%	+39.1%	+59.4%
FY 2016	+32.7%	+27.5%	+29.4%	+25.8%	+194.5%	+266.1%	+36.4%	-43.4%	-8.2%	0.0%	+42.7%	+9.5%
FY 2015	+45.1%	+33.8%	+109.3%	-7.2%	+4.1%	-3.2%	+47.5%	-58.8%	+179.5%	0.0%	+129.0%	+28.0%