Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenue | 1,794.1 | 1,207.8 | 844.5 | 627.9 | 582.4 | 470.9 | 388.7 | 333.1 |
| Revenue growth | 48.5% | 43.0% | 34.5% | 7.8% | 23.7% | 21.2% | 16.7% | 17.9% |
| Cost of revenue | 745.6 | 522.3 | 378.5 | 281.6 | 259.7 | 212.6 | 177.8 | 152.9 |
| Gross profit | 1,048.6 | 685.5 | 466.0 | 346.3 | 322.7 | 258.3 | 210.9 | 180.2 |
| Gross margin | 58.4% | 56.8% | 55.2% | 55.2% | 55.4% | 54.8% | 54.3% | 54.1% |
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| Operating expenses: | | | | | | | | |
| Research and development | 240.2 | 190.6 | 137.6 | 107.8 | 93.5 | 82.4 | 73.6 | 65.8 |
| Selling, general and administrative | 273.6 | 226.2 | 161.7 | 133.5 | 113.8 | 97.3 | 83.0 | 72.3 |
| Total operating expenses | 521.8 | 423.0 | 307.1 | 243.8 | 209.2 | 180.9 | 313.1 | 139.1 |
| Operating income | 526.8 | 262.4 | 158.9 | 102.6 | 113.5 | 77.4 | 54.4 | 41.1 |
| Operating margin | 29.4% | 21.7% | 18.8% | 16.3% | 19.5% | 16.4% | 14.0% | 12.3% |
| Other income (expense), net | -1.8 | 9.8 | 10.5 | 10.6 | 5.0 | 5.5 | 2.8 | 1.4 |
| Income before income taxes | 524.9 | 272.2 | 169.3 | 113.1 | 118.5 | 82.9 | 57.3 | 42.5 |
| Income tax expense | 87.3 | 30.2 | 5.0 | 4.3 | 13.2 | 17.7 | 4.5 | 7.3 |
| Net income | 437.7 | 242.0 | 164.4 | 108.8 | 105.3 | 65.2 | 52.7 | 35.2 |
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| Net income per share | | | | | | | | |
| Basic (in dollars per share) | $9.37 | $5.28 | $3.67 | $2.52 | $2.49 | $1.58 | $1.30 | $0.89 |
| Diluted (in dollars per share) | $9.05 | $5.05 | $3.50 | $2.38 | $2.36 | $1.50 | $1.26 | $0.86 |
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| Weighted-average shares outstanding: | | | | | | | | |
| Basic (in shares) | 46.7 | 45.9 | 44.8 | 43.2 | 42.2 | 41.4 | 40.4 | 39.5 |
| Diluted (in shares) | 48.4 | 47.9 | 47.0 | 45.8 | 44.6 | 43.6 | 41.9 | 40.9 |
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