Estimates
Source: S&P Capital IQ consensus via Xpressfeed · Generated 2026-07-20.
Street snapshot
The 53 price targets are widely spread, from $160 to $475 (mean $243.64, median $236.05), pointing to sharply divergent views on where the stock is worth.
Currency: USD · Scale: money in millions, absolute (per share) · Analyst counts shown explicitly; recommendation respondents: 53.
| Street view | Reading | Analysts |
|---|---|---|
| Recommendation mix | Buy 34, Outperform 6, Hold 11, Underperform 2, Sell 0 | 53 |
| Consensus score | 1.64 | 53 |
| Target price | mean 243.6; high 475.0; low 160.0 | 53 |
Forward table
Coverage thins in the outer years — FY2029 revenue rests on 25 estimates versus roughly 48 for FY2027 — so the later figures carry less weight.
Currency: USD · Scale: money in millions, absolute (per share) · Analyst count is the estimate count for each period and metric.
| Period | Metric | Mean | YoY | Analysts | Low / high |
|---|---|---|---|---|---|
| FY0E | Revenue | 46,107 | 11.0% | 48 | 45,764 / 46,431 |
| FY0E | EBITDA | 17,912 | 11.3% | 9 | 12,657 / 20,289 |
| FY0E | EBIT | 15,814 | 11.8% | — | — / — |
| FY0E | Net income (GAAP) | 7,088 | -5.0% | 31 | 6,661 / 8,915 |
| FY0E | Net income (normalized) | 11,935 | 5.7% | — | — / — |
| FY0E | EPS (GAAP) | 8.12 | 4.2% | 26 | 7.63 / 9.76 |
| FY0E | EPS (normalized) | 14.04 | 12.1% | 51 | 9.66 / 15.28 |
| FY0E | Free cash flow | 15,061 | 6.6% | — | — / — |
| FY0E | Dividend per share | 1.71 | 2.4% | — | — / — |
| FY0E | Gross margin | 80.5% | 0.0% | — | — / — |
| FY0E | Capital expenditure | -681.3 | -3.0% | — | — / — |
| FY0E | Net debt | 28,949 | -724.2% | — | — / — |
| FY0E | Cash from operations | 15,574 | 5.3% | — | — / — |
| FY0E | ROE | 25.6% | 39.1% | — | — / — |
| FY+1E | Revenue | 50,522 | 9.6% | 51 | 49,432 / 53,752 |
| FY+1E | EBITDA | 19,336 | 8.0% | 8 | 14,936 / 22,518 |
| FY+1E | EBIT | 17,724 | 12.1% | — | — / — |
| FY+1E | Net income (GAAP) | 8,223 | 16.0% | 32 | 6,864 / 10,600 |
| FY+1E | Net income (normalized) | 13,106 | 9.8% | — | — / — |
| FY+1E | EPS (GAAP) | 9.51 | 17.0% | 26 | 8.12 / 11.98 |
| FY+1E | EPS (normalized) | 15.44 | 10.0% | 53 | 11.03 / 17.47 |
| FY+1E | Free cash flow | 16,384 | 8.8% | — | — / — |
| FY+1E | Dividend per share | 1.77 | 3.7% | — | — / — |
| FY+1E | Gross margin | 80.7% | 0.2% | — | — / — |
| FY+1E | Capital expenditure | -790.4 | 16.0% | — | — / — |
| FY+1E | Net debt | 15,825 | -45.3% | — | — / — |
| FY+1E | Cash from operations | 17,540 | 12.6% | — | — / — |
| FY+1E | ROE | 36.5% | 42.6% | — | — / — |
| FY+2E | Revenue | 55,283 | 9.4% | 25 | 53,287 / 57,697 |
| FY+2E | EBITDA | 20,632 | 6.7% | 3 | 15,062 / 25,200 |
| FY+2E | EBIT | 19,372 | 9.3% | — | — / — |
| FY+2E | Net income (GAAP) | 9,830 | 19.5% | 14 | 7,718 / 11,200 |
| FY+2E | Net income (normalized) | 14,931 | 13.9% | — | — / — |
| FY+2E | EPS (GAAP) | 11.56 | 21.6% | 11 | 8.92 / 12.84 |
| FY+2E | EPS (normalized) | 17.75 | 15.0% | 22 | 12.89 / 19.27 |
| FY+2E | Free cash flow | 17,790 | 8.6% | — | — / — |
| FY+2E | Dividend per share | 1.93 | 8.9% | — | — / — |
| FY+2E | Gross margin | 80.4% | -0.3% | — | — / — |
| FY+2E | Capital expenditure | -854.8 | 8.1% | — | — / — |
| FY+2E | Net debt | 13,936 | -11.9% | — | — / — |
| FY+2E | Cash from operations | 19,005 | 8.4% | — | — / — |
| FY+2E | ROE | 38.1% | 4.6% | — | — / — |
| Q2 FY2027 | Revenue | 11,316 | 10.5% | 40 | 11,210 / 11,398 |
| Q2 FY2027 | EBITDA | 4,007 | 1.5% | 2 | 3,805 / 4,209 |
| Q2 FY2027 | EBIT | 3,798 | 11.0% | — | — / — |
| Q2 FY2027 | Net income (GAAP) | 1,521 | -19.4% | 25 | 1,428 / 2,182 |
| Q2 FY2027 | Net income (normalized) | 2,738 | 1.8% | — | — / — |
| Q2 FY2027 | EPS (GAAP) | 1.80 | -8.0% | 21 | 1.74 / 2.32 |
| Q2 FY2027 | EPS (normalized) | 3.27 | 12.4% | 43 | 3.18 / 3.47 |
| Q2 FY2027 | Free cash flow | 615.3 | -25.8% | — | — / — |
| Q2 FY2027 | Dividend per share | 0.44 | 6.7% | — | — / — |
| Q2 FY2027 | Gross margin | 80.5% | -0.1% | — | — / — |
| Q2 FY2027 | Capital expenditure | -170.8 | -13.5% | — | — / — |
| Q2 FY2027 | Net debt | 27,605 | -449.8% | — | — / — |
| Q2 FY2027 | ROE | 25.6% | 40.9% | — | — / — |
| Q2 FY2027 | Cash from operations | 596.1 | -40.7% | — | — / — |
| Q3 FY2027 | Revenue | 11,394 | 11.1% | 39 | 11,093 / 11,580 |
| Q3 FY2027 | EBITDA | 4,133 | 0.7% | 2 | 4,028 / 4,239 |
| Q3 FY2027 | EBIT | 3,917 | 11.6% | — | — / — |
| Q3 FY2027 | Net income (GAAP) | 1,600 | -23.3% | 25 | 1,339 / 2,203 |
| Q3 FY2027 | Net income (normalized) | 2,825 | 2.7% | — | — / — |
| Q3 FY2027 | EPS (GAAP) | 1.89 | -13.8% | 21 | 1.62 / 2.41 |
| Q3 FY2027 | EPS (normalized) | 3.36 | 3.5% | 42 | 3.00 / 3.98 |
| Q3 FY2027 | Free cash flow | 1,946 | -12.8% | — | — / — |
| Q3 FY2027 | Dividend per share | 0.44 | 6.3% | — | — / — |
| Q3 FY2027 | Gross margin | 80.8% | 0.3% | — | — / — |
| Q3 FY2027 | Capital expenditure | -175.2 | -8.6% | — | — / — |
| Q3 FY2027 | Net debt | 27,075 | -404.5% | — | — / — |
| Q3 FY2027 | ROE | 24.5% | 33.0% | — | — / — |
| Q3 FY2027 | Cash from operations | 1,935 | -20.5% | — | — / — |
| Q4 FY2027 | Revenue | 12,248 | 9.3% | 39 | 12,024 / 12,401 |
| Q4 FY2027 | EBITDA | 4,779 | 7.9% | 2 | 4,539 / 5,019 |
| Q4 FY2027 | EBIT | 4,233 | 10.9% | — | — / — |
| Q4 FY2027 | Net income (GAAP) | 1,718 | -11.6% | 25 | 1,515 / 2,423 |
| Q4 FY2027 | Net income (normalized) | 3,065 | 5.3% | — | — / — |
| Q4 FY2027 | EPS (GAAP) | 2.03 | -1.9% | 20 | 1.83 / 2.63 |
| Q4 FY2027 | EPS (normalized) | 3.64 | -4.6% | 42 | 3.42 / 4.16 |
| Q4 FY2027 | Free cash flow | 5,881 | 16.5% | — | — / — |
| Q4 FY2027 | Dividend per share | 0.44 | 5.8% | — | — / — |
| Q4 FY2027 | Gross margin | 81.0% | 0.4% | — | — / — |
| Q4 FY2027 | Capital expenditure | -184.8 | -22.3% | — | — / — |
| Q4 FY2027 | Net debt | 22,429 | -758.1% | — | — / — |
| Q4 FY2027 | Cash from operations | 6,449 | 22.6% | — | — / — |
| Q4 FY2027 | ROE | 29.7% | 52.4% | — | — / — |
| Q1 FY2028 | Revenue | 12,137 | 9.0% | 33 | 11,781 / 12,348 |
| Q1 FY2028 | EBITDA | 4,360 | 1.5% | 2 | 4,212 / 4,508 |
| Q1 FY2028 | EBIT | 4,218 | 14.1% | — | — / — |
| Q1 FY2028 | Net income (GAAP) | 1,859 | -11.8% | 19 | 1,613 / 2,387 |
| Q1 FY2028 | Net income (normalized) | 3,062 | 5.4% | — | — / — |
| Q1 FY2028 | EPS (GAAP) | 2.19 | -9.7% | 15 | 1.94 / 2.70 |
| Q1 FY2028 | EPS (normalized) | 3.66 | -5.7% | 34 | 3.39 / 4.00 |
| Q1 FY2028 | Free cash flow | 6,146 | -8.5% | — | — / — |
| Q1 FY2028 | Dividend per share | 0.44 | 4.4% | — | — / — |
| Q1 FY2028 | Gross margin | 80.5% | -0.1% | — | — / — |
| Q1 FY2028 | Capital expenditure | -171.9 | 1.2% | — | — / — |
| Q1 FY2028 | Net debt | 18,792 | -700.8% | — | — / — |
| Q1 FY2028 | ROE | 28.4% | 54.2% | — | — / — |
| Q1 FY2028 | Cash from operations | 6,579 | -5.0% | — | — / — |
Estimate momentum
Currency: USD · Scale: money in millions, absolute (per share) · Point-in-time consensus; analyst count is shown where supplied.
| Period | Metric | Lookback | Then | Now | Direction / magnitude | Analysts |
|---|---|---|---|---|---|---|
| 2028 | EPS (normalized) | 30d | 15.50 | 15.53 | up 0.2% | — |
| 2028 | EPS (normalized) | 90d | 14.93 | 15.53 | up 4.0% | — |
| 2028 | EPS (normalized) | 180d | 15.14 | 15.53 | up 2.6% | — |
| 2028 | Revenue | 30d | 50,547 | 50,537 | down 0.0% | — |
| 2028 | Revenue | 90d | 50,566 | 50,537 | down 0.1% | — |
| 2028 | Revenue | 180d | 50,608 | 50,537 | down 0.1% | — |
| 2027 | EPS (normalized) | 30d | 14.13 | 14.13 | down 0.0% | — |
| 2027 | EPS (normalized) | 90d | 13.20 | 14.13 | up 7.0% | — |
| 2027 | EPS (normalized) | 180d | 13.20 | 14.13 | up 7.1% | — |
| 2027 | Revenue | 30d | 46,104 | 46,104 | down 0.0% | — |
| 2027 | Revenue | 90d | 46,135 | 46,104 | down 0.1% | — |
| 2027 | Revenue | 180d | 46,149 | 46,104 | down 0.1% | — |
Beat / miss record
Revenue, by contrast, has landed within about one percent of consensus each quarter, a mix of small beats and misses rather than a clear trend.
Current sequences by metric: Revenue: 2 consecutive beats; EPS (normalized): 6 consecutive beats.
Currency: USD · Scale: money in millions, absolute (per share) · Consensus is captured before each actual first became effective; analyst count shown per observation.
| Quarter | Metric | Consensus as of | Actual | Surprise | Outcome | Analysts |
|---|---|---|---|---|---|---|
| Q1 FY2027 | Revenue | 11,056 | 11,133 | 0.7% | Beat | — |
| Q1 FY2027 | EPS (normalized) | 3.13 | 3.88 | 24.1% | Beat | — |
| Q4 FY2026 | Revenue | 11,192 | 11,201 | 0.1% | Beat | — |
| Q4 FY2026 | EPS (normalized) | 3.05 | 3.81 | 24.9% | Beat | — |
| Q3 FY2026 | Revenue | 10,272 | 10,259 | -0.1% | Miss | — |
| Q3 FY2026 | EPS (normalized) | 2.86 | 3.25 | 13.6% | Beat | — |
| Q2 FY2026 | Revenue | 10,138 | 10,236 | 1.0% | Beat | — |
| Q2 FY2026 | EPS (normalized) | 2.78 | 2.91 | 4.7% | Beat | — |
| Q1 FY2026 | Revenue | 9,749 | 9,829 | 0.8% | Beat | — |
| Q1 FY2026 | EPS (normalized) | 2.55 | 2.58 | 1.3% | Beat | — |
| Q4 FY2025 | Revenue | 10,036 | 9,993 | -0.4% | Miss | — |
| Q4 FY2025 | EPS (normalized) | 2.61 | 2.78 | 6.4% | Beat | — |
| Q3 FY2025 | Revenue | 9,346 | 9,444 | 1.0% | Beat | — |
| Q3 FY2025 | EPS (normalized) | 2.45 | 2.41 | -1.5% | Miss | — |
| Q2 FY2025 | Revenue | 9,234 | 9,325 | 1.0% | Beat | — |
| Q2 FY2025 | EPS (normalized) | 2.36 | 2.56 | 8.7% | Beat | — |
Where the street disagrees
Where coverage is this thin, the consensus reads as indicative rather than firm.
Currency: USD · Scale: money in millions, absolute (per share) · Dispersion is high-low divided by absolute mean; analyst count shown per item.
| Period | Metric | Mean | Low | High | Spread / mean | Analysts |
|---|---|---|---|---|---|---|
| Q3 FY2027 | Net income (GAAP) | 1,600 | 1,339 | 2,203 | 54.0% | 25 |
| Q4 FY2027 | Net income (GAAP) | 1,718 | 1,515 | 2,423 | 52.8% | 25 |
| Q2 FY2027 | Net income (GAAP) | 1,521 | 1,428 | 2,182 | 49.6% | 25 |
| 2029 | EBITDA | 20,632 | 15,062 | 25,200 | 49.1% | 3 |
| 2028 | Net income (GAAP) | 8,223 | 6,864 | 10,600 | 45.4% | 32 |