Late Wednesday, the company announced the pricing of its equity offering at $310 per share.Prices Equity Offering And Targets $3B RaiseThe company priced its previously announced equity offering of 9.7 million common shares, aiming to raise approximately $3 billion before underwriting discounts and expenses.The net proceeds are intended for working capital, capital expenditures, and other general corporate purposes, with the offering expected to close around August 7, 2026.Equity financing is dilutive because a company [earning or raising capital] creates and issues brand-new shares, which increases the total number of shares outstanding.As existing shareholders keep the same number of shares while the total pie grows larger, their individual ownership percentage shrinks.Recent Earnings Snapshot And Analyst Price TargetsIn July, the company posted its second-quarter results after Monday’s closing bell, beating analyst estimates on the top and bottom lines.Adjusted EPS was $2.54, which beat the Street estimate of $2.30, according to Benzinga Pro data. Revenue clocked in at $4.7 billion, which beat the analyst consensus estimate of $4.39 billion.Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $440.42. Recent analyst moves include: