开盘$331.50
昨收$314.67
当日区间$312.70 – $331.90
成交量6.29M
市值$256.96B
市盈率（TTM）784.6
股息率–
基本面
最新报告季度：Q4, ended Jul 2026
营收$3.41B+34.5% YoY
营业利润$172.00M-65.4% YoY
净利润-$282.00M-211.0% YoY
摊薄每股收益-$0.35-197.2% YoY
自由现金流$1.25B+34.3% YoY
经营现金流$1.36B
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率70.4%
营业利润率6.1%
净利率2.7%
净资产收益率1.7%
资产收益率0.9%
投入资本回报率0.4%
流动比率0.87
负债/资产比率43.3%
现金及投资$3.07B
总负债$2.50B
净现金（净负债）$571.00M
自由现金流/营收35.8%
营收构成
2026/Q3 季度
按业务线
利润表
| 项目 | 2026 ANNUAL | 2026 Q4 | 2026 Q3 | 2026 Q2 | 2026 Q1 |
|---|---|---|---|---|---|
| 报告营业总收入 | $11.48B | $3.41B | $3.00B | $2.59B | $2.47B |
| 营业总收入 | $11.48B | $3.41B | $3.00B | $2.59B | $2.47B |
| 营业成本 | $3.40B | $1.11B | $974.00M | $685.00M | $638.00M |
| 毛利润 | $8.08B | $2.30B | $2.03B | $1.91B | $1.84B |
| 营业费用 | $7.38B | $2.13B | $2.21B | $1.51B | $1.53B |
| 销售及管理费用 | $4.83B | $1.35B | $1.48B | $1.00B | $999.00M |
| -销售及营销费用 | $3.93B | $1.13B | $1.16B | $823.00M | $820.00M |
| -管理费用 | $899.00M | $226.00M | $316.00M | $178.00M | $179.00M |
| 研发费用 | $2.55B | $779.00M | $734.00M | $511.00M | $528.00M |
| 营业利润 | $695.00M | $172.00M | -$183.00M | $397.00M | $309.00M |
| 非经营性利息净收入（支出） | $374.00M | $89.00M | $71.00M | $109.00M | $105.00M |
| 非经营性利息收入 | $374.00M | $89.00M | $71.00M | $109.00M | $105.00M |
| 非经营性利息支出 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 其他收入（支出） | -$533.00M | -$530.00M | -$44.00M | $43.00M | -$2.00M |
| 证券出售收益 | $23.00M | $65.00M | -$15.00M | -$16.00M | -$11.00M |
| 其他非经营性收入（支出） | -$556.00M | -$595.00M | -$29.00M | $59.00M | $9.00M |
| 税前利润 | $536.00M | -$269.00M | -$156.00M | $549.00M | $412.00M |
| 税费 | $229.00M | $13.00M | $21.00M | $117.00M | $78.00M |
| 净利润 | $307.00M | -$282.00M | -$177.00M | $432.00M | $334.00M |
| 持续经营利润 | $307.00M | -$282.00M | -$177.00M | $432.00M | $334.00M |
| 归属母公司净利润 | $307.00M | -$282.00M | -$177.00M | $432.00M | $334.00M |
| 归属普通股股东净利润 | $307.00M | -$282.00M | -$177.00M | $432.00M | $334.00M |
| 基本每股收益 | $0.41 | -$0.35 | -$0.22 | $0.61 | $0.49 |
| 摊薄每股收益 | $0.40 | -$0.35 | -$0.22 | $0.61 | $0.47 |
资产负债表
| 项目 | 2026 ANNUAL | 2026 Q4 | 2026 Q3 | 2026 Q2 | 2026 Q1 |
|---|---|---|---|---|---|
| 总资产 | $48.46B | $48.46B | $46.27B | $24.98B | $23.54B |
| 流动资产合计 | $8.64B | $8.64B | $7.71B | $8.37B | $7.31B |
| 现金及现金等价物与短期投资 | $3.07B | $3.07B | $3.11B | $4.54B | $4.21B |
| -现金及现金等价物 | $2.51B | $2.51B | $2.36B | $4.16B | $3.07B |
| -短期投资 | $557.00M | $557.00M | $747.00M | $378.00M | $1.14B |
| 应收款 | $4.22B | $4.22B | $3.44B | $2.79B | $2.08B |
| -应收账款 | $3.63B | $3.63B | $2.85B | $2.12B | $1.34B |
| -其他应收款 | $592.00M | $592.00M | $591.00M | $672.00M | $737.00M |
| 一年内递延资产 | $544.00M | $544.00M | $454.00M | $424.00M | $415.00M |
| 其他流动资产 | $807.00M | $807.00M | $705.00M | $621.00M | $605.00M |
| 非流动资产合计 | $39.82B | $39.82B | $38.55B | $16.61B | $16.23B |
| 固定资产净值 | $1.22B | $1.22B | $1.18B | $853.00M | $747.00M |
| -固定资产原值 | $1.97B | $1.97B | $1.18B | $853.00M | $747.00M |
| -累计折旧 | -$747.00M | -$747.00M | – | – | – |
| 投资及预付款 | $4.84B | $4.84B | $3.88B | $3.36B | $5.98B |
| -可供出售证券 | $4.84B | $4.84B | – | $3.36B | $5.98B |
| 一年以上应收账款 | $944.00M | $944.00M | $779.00M | $870.00M | $855.00M |
| 商誉及其他无形资产 | $29.03B | $29.03B | $29.19B | $8.18B | $5.29B |
| -商誉 | $22.01B | $22.01B | $21.90B | $6.93B | $4.57B |
| -其他无形资产 | $7.02B | $7.02B | $7.28B | $1.25B | $723.00M |
| 一年以上递延资产 | $3.11B | $3.11B | $2.93B | $2.92B | $2.96B |
| 其他非流动资产 | $678.00M | $678.00M | $593.00M | $427.00M | $390.00M |
| 负债合计 | $20.97B | $20.97B | $18.60B | $15.59B | $14.87B |
| 流动负债合计 | $9.92B | $9.92B | $9.01B | $8.01B | $7.42B |
| 应付款 | $290.00M | $290.00M | $293.00M | $262.00M | $223.00M |
| -应付账款 | $290.00M | $290.00M | $293.00M | $262.00M | $223.00M |
| 一年内应计费用 | $838.00M | $838.00M | $760.00M | $937.00M | $665.00M |
| 一年内递延负债 | $7.75B | $7.75B | $7.11B | $6.25B | $6.13B |
| 非流动负债合计 | $11.05B | $11.05B | $9.59B | $7.58B | $7.45B |
| 长期债务及融资租赁负债 | $2.50B | $2.50B | $1.91B | $372.00M | $346.00M |
| -长期债务 | $1.77B | $1.77B | $1.19B | – | – |
| -长期融资租赁负债 | $726.00M | $726.00M | $719.00M | $372.00M | $346.00M |
| 一年以上递延负债 | $7.26B | $7.26B | $6.75B | $6.26B | $6.19B |
| 其他非流动负债 | $1.29B | $1.29B | $930.00M | $949.00M | $913.00M |
| 股东权益合计 | $27.49B | $27.49B | $27.67B | $9.39B | $8.67B |
| 股东权益 | $27.49B | $27.49B | $27.67B | $9.39B | $8.67B |
| 股本 | $24.77B | $24.77B | $24.61B | $6.10B | $5.78B |
| -普通股 | $24.77B | $24.77B | $24.61B | $6.10B | $5.78B |
| -优先股 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 留存收益 | $2.79B | $2.79B | $3.07B | $3.25B | $2.82B |
| 不影响留存收益的损益 | -$71.00M | -$71.00M | -$13.00M | $46.00M | $67.00M |
| 短期债务及融资租赁负债 | – | – | $160.00M | – | – |
| -一年内到期债务 | – | – | $160.00M | – | – |
现金流量表
| 项目 | 2026 ANNUAL | 2026 Q4 | 2026 Q3 | 2026 Q2 | 2026 Q1 |
|---|---|---|---|---|---|
| 经营活动现金流 | $4.55B | $1.36B | $871.00M | $554.00M | $1.77B |
| 持续经营经营活动现金流净额 | $4.55B | $1.36B | $871.00M | $554.00M | $1.77B |
| 持续经营净利润 | $307.00M | -$282.00M | -$177.00M | $432.00M | $334.00M |
| 持续经营损益 | $76.00M | $13.00M | $28.00M | $17.00M | $18.00M |
| 折旧、折耗与摊销 | $855.00M | $341.00M | $334.00M | $91.00M | $89.00M |
| 递延税款 | -$19.00M | -$57.00M | $24.00M | $5.00M | $9.00M |
| 其他非现金项目 | $473.00M | $183.00M | $39.00M | $138.00M | $113.00M |
| 营运资金变动 | $579.00M | $176.00M | -$57.00M | -$385.00M | $845.00M |
| -应收款变动 | -$154.00M | -$942.00M | -$251.00M | -$708.00M | $1.75B |
| -预付资产变动 | -$139.00M | -$92.00M | -$2.00M | -$12.00M | -$33.00M |
| -应付账款及应计费用变动 | $465.00M | $446.00M | $3.00M | $281.00M | -$265.00M |
| -其他营运资金变动 | $407.00M | $764.00M | $193.00M | $54.00M | -$604.00M |
| 投资活动现金流净额 | -$3.10B | -$1.01B | -$1.77B | $651.00M | -$983.00M |
| 持续经营投资活动现金流净额 | -$3.10B | -$1.01B | -$1.77B | $651.00M | -$983.00M |
| 固定资产购置及出售净额 | -$440.00M | -$103.00M | -$83.00M | -$170.00M | -$84.00M |
| 业务购买及出售净额 | -$4.66B | -$100.00M | -$1.99B | -$2.58B | -$2.00M |
| 投资购置及出售净额 | $2.00B | -$803.00M | $302.00M | $3.40B | -$897.00M |
| 筹资活动现金流 | -$1.20B | -$197.00M | -$899.00M | -$114.00M | $8.00M |
| 持续经营筹资活动现金流净额 | -$1.20B | -$197.00M | -$899.00M | -$114.00M | $8.00M |
| 债务发行及偿还净额 | -$150.00M | -$150.00M | $0.00 | $0.00 | $0.00 |
| 普通股发行净额 | -$1.00B | $0.00 | – | – | – |
| 股票期权行使所得 | $265.00M | $1.00M | $126.00M | $8.00M | $130.00M |
| 其他筹资费用净额 | -$317.00M | -$48.00M | -$25.00M | -$122.00M | -$122.00M |
| 期末现金余额 | $2.52B | $2.52B | $2.37B | $4.17B | $3.08B |
| 现金净变动 | $247.00M | $154.00M | -$1.79B | $1.09B | $796.00M |
| 期初现金余额 | $2.28B | $2.37B | $4.17B | $3.08B | $2.28B |
| 汇率变动影响 | -$3.00M | -$5.00M | – | – | – |
| 自由现金流 | $4.11B | $1.25B | $788.00M | $384.00M | $1.69B |
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