Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q2 26 | $0.54 | $0.45 | -16.7% | — | $1B | — |
| Q1 26 | $0.89 | $0.83 | -6.7% | — | $1B | — |
| Q4 25 | $0.92 | $0.97 | +5.4% | — | $992M | — |
| Q2 25 | $0.38 | $0.41 | +7.9% | — | $914M | — |
| Q1 25 | $0.72 | $0.5 | -30.6% | — | $897M | — |
| Q4 24 | $0.71 | $0.5 | -29.6% | — | $883M | — |
| Q3 24 | $0.61 | $0.43 | -29.5% | — | $852M | — |
| Q2 24 | $0.13 | $0.2 | +53.8% | — | $823M | — |
| Q1 24 | -$0.02 | $0.43 | +2250.0% | — | $820M | — |
| Q4 23 | $0.5 | $0.91 | +82.0% | — | $803M | — |
| Q3 23 | -$13 | -$20.9 | -60.8% | — | $764M | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | $1.68 | — | — | $3.7B | — |
| FY24 | — | $1.69 | — | — | $3.4B | — |
| FY23 | — | -$12.4 | — | — | $3B | — |
| FY22 | — | $0.28 | — | — | $2.6B | — |
| FY21 | — | -$0.26 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.8B | $2.6B | $3B | $3.4B | $3.7B |
| YoY change | — | +24.2% | +39.1% | +19.2% | +11% | +10.8% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 1.5B | 1.8B | 2.6B | 3B | 3.4B | 3.7B |
| Cost of revenue | 598M | 608M | 720M | 764M | 836M | 984M |
| Gross profit | 879M | 1.2B | 1.8B | 2.3B | 2.5B | 2.8B |
| Gross margin | 59.5% | 66.8% | 71.8% | 74.9% | 75.3% | 73.7% |
| Research & development | 194M | 368M | 518M | 2.3B | 604M | 650M |
| Selling, general & administrative | 436M | 682M | 999M | 1.8B | 1.2B | 1.3B |
| Operating expenses | 954M | 1.3B | 1.8B | 4.4B | 2.1B | 2.3B |
| Operating income | -75M | -86M | 62M | -2.1B | 489M | 498M |
| Operating margin | -5.08% | -4.69% | 2.43% | -70.4% | 14.5% | 13.3% |
| Non-operating income, net | — | 12M | -8M | — | -3M | 1M |
| Pretax income | -70M | -72M | 71M | -2.1B | 552M | 556M |
| Income tax | 0 | 1M | -357M | -439M | 95M | 109M |
| Net income | -70M | -73M | 428M | -1.6B | 457M | 447M |
| Net margin | -4.74% | -3.98% | 16.8% | -53.3% | 13.5% | 11.9% |
| EBITDA | -55M | -59M | 109M | -2.1B | 556M | 597M |
| EPS | -0.25 | -0.26 | 0.28 | -12.4 | 1.69 | 1.68 |
| Diluted EPS | -0.25 | -0.26 | 0.28 | -12.4 | 1.58 | 1.6 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 764M | 803M | 820M | 823M | 852M | 883M | 897M | 914M | 939M | 992M | 1B | 1B |
| Cost of revenue | 203M | 195M | 206M | 200M | 211M | 219M | 226M | 236M | 247M | 275M | 281M | 292M |
| Gross profit | 561M | 608M | 614M | 623M | 641M | 664M | 671M | 678M | 692M | 717M | 738M | 751M |
| Gross margin | 73.4% | 75.7% | 74.9% | 75.7% | 75.2% | 75.2% | 74.8% | 74.2% | 73.7% | 72.3% | 72.4% | 72% |
| Research & development | 1.9B | 205M | 115M | 185M | 149M | 155M | 144M | 166M | 169M | 171M | 164M | 202M |
| Selling, general & administrative | 1B | 286M | 282M | 317M | 290M | 282M | 342M | 323M | 293M | 377M | 318M | 331M |
| Operating expenses | 3B | 562M | 470M | 571M | 503M | 509M | 561M | 555M | 524M | 619M | 556M | 607M |
| Operating income | -2.5B | 46M | 144M | 52M | 138M | 155M | 110M | 123M | 168M | 98M | 182M | 144M |
| Operating margin | -321.6% | 5.73% | 17.6% | 6.32% | 16.2% | 17.6% | 12.3% | 13.5% | 17.9% | 9.88% | 17.9% | 13.8% |
| Non-operating income, net | -5M | — | -1M | -1M | — | -1M | — | 3M | -1M | 0 | — | -1M |
| Pretax income | -2.4B | 72M | 165M | 68M | 153M | 166M | 124M | 142M | 181M | 109M | 188M | 147M |
| Income tax | -440M | -63M | 35M | 7M | 35M | 18M | 18M | 26M | 37M | 28M | 44M | 36M |
| Net income | -2B | 135M | 130M | 61M | 118M | 148M | 106M | 116M | 144M | 81M | 144M | 111M |
| Net margin | -261.6% | 16.8% | 15.9% | 7.41% | 13.8% | 16.8% | 11.8% | 12.7% | 15.3% | 8.17% | 14.1% | 10.6% |
| EBITDA | -2.4B | 59M | 159M | 67M | 156M | 174M | 132M | 146M | 196M | 124M | 212M | 178M |
| EPS | -20.9 | — | 0.47 | 0.22 | 0.45 | 0.56 | 0.4 | 0.43 | 0.54 | 0.31 | 0.59 | 0.46 |
| Diluted EPS | -20.9 | — | 0.43 | 0.2 | 0.45 | 0.53 | 0.37 | 0.41 | 0.51 | 0.3 | 0.57 | 0.45 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 11.8B | 10B |
| Enterprise value | — | — | — | — | — | 11.1B | 9.4B |
| Shares outstanding | 276.5M | 276.5M | 276.5M | 130.6M | 264.6M | 261.4M | 261.4M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 26.3 | 23.5 |
| P/S | — | — | — | — | — | 3.14 | 2.49 |
| P/B | — | — | — | — | — | 4.67 | 4.31 |
| EV/EBITDA | — | — | — | — | — | 18.6 | 15 |
| EV/Sales | — | — | — | — | — | 2.97 | 2.35 |
| Earnings yield | — | — | — | — | — | 3.8% | 4.26% |
| FCF yield | — | — | — | — | — | 7.74% | 9.15% |
| PEG | — | — | — | — | — | — | 3.36 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | 59.5% | 66.8% | 71.8% | 74.9% | 75.3% | 73.7% | 72% |
| Operating margin | -5.08% | -4.69% | 2.43% | -70.4% | 14.5% | 13.3% | 14.1% |
| Net margin | -4.74% | -3.98% | 16.8% | -53.3% | 13.5% | 11.9% | 12% |
| ROE | — | 12.7% | -668.8% | -43.3% | 14.8% | 17.8% | 16% |
| ROA | — | -2.47% | 11.7% | -34.3% | 11.1% | 12.1% | 9.36% |
| ROIC | — | 4.27% | -3.59% | -133.5% | 23.1% | 21.4% | 30.2% |
| Return on tangible assets | — | -3.18% | 15.1% | -41.2% | 13.5% | 16.2% | 18.8% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | 4.05 | 3.45 | 4.51 | 3.38 | 2.4 | 2.28 |
| Quick ratio | — | 4.05 | 3.45 | 4.51 | 3.38 | 2.4 | 2.28 |
| Debt / equity | — | -0.09 | -0.77 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / assets | — | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | — | 24.4 | -15.3 | 1.03 | -2.42 | -1.09 | -1.15 |
| Effective tax rate | 0% | 0% | 0% | 0% | 17.2% | 19.6% | 23.2% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 5.34 | 6.63 | 9.23 | 23.3 | 12.8 | 14.3 | 16.1 |
| EPS (basic) | -0.25 | -0.26 | 0.28 | -12.4 | 1.69 | 1.68 | 1.68 |
| EPS (diluted) | -0.25 | -0.26 | 0.28 | -12.4 | 1.58 | 1.6 | 1.83 |
| Book value per share | — | -2.07 | -0.23 | 28.7 | 11.7 | 9.63 | 9.96 |
| FCF per share | -0.35 | -0.82 | 0.91 | 4.06 | 2.35 | 3.48 | 4.72 |
| Cash per share | — | 5.4 | 6.2 | 16.7 | 5.17 | 2.63 | 3.67 |
| Capex per share | 0.03 | 0.05 | 0.09 | 0.41 | 0.24 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.47% | 0.71% | 0.94% | 1.78% | 1.89% | — | — |
| Capex / operating cash flow | -2.68% | -5.14% | 15.3% | 8.35% | 9.36% | — | — |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| $1.8B |
| — |
| FY20 | — | -$0.25 | — | — | $1.5B | — |
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $764M | $803M | $820M | $823M | $852M | $883M | $897M | $914M | $939M | $992M | $1B | $1B |
| YoY change | +14.4% | +6.08% | +8.04% | +14.9% | +11.5% | +9.96% | +9.39% | +11.1% | +10.2% | +12.3% | +13.6% | +14.1% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash & short-term investments | 1.5B | 1.7B | 2.2B | 1.4B | 687M |
| Receivables | 832M | 842M | 853M | 1B | 1.1B |
| Inventory | — | — | — | — | — |
| Total current assets | 2.4B | 2.7B | 3.3B | 2.7B | 2.2B |
| Property, plant & equipment | 73M | 79M | 166M | 221M | 248M |
| Goodwill & intangibles | 662M | 840M | 790M | 738M | 928M |
| Total assets | 3B | 3.7B | 4.7B | 4.1B | 3.7B |
| Accounts payable | 60M | 88M | 72M | 80M | 70M |
| Short-term debt | 11M | 13M | 13M | 13M | 3M |
| Total current liabilities | 592M | 795M | 733M | 798M | 917M |
| Long-term debt | 43M | 36M | 27M | 13M | 33M |
| Total liabilities | 3.5B | 3.7B | 977M | 1B | 1.2B |
| Shareholders' equity | -573M | -64M | 3.8B | 3.1B | 2.5B |
| Total debt | 54M | 49M | 40M | 26M | 36M |
| Net debt | -1.1B | -1.5B | -2.1B | -1.3B | -601M |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 2.1B | 2.2B | 1.5B | 1.4B | 1.3B | 1.4B | 1.6B | 1.6B | 1.7B | 687M | 690M | 850M |
| Receivables | 841M | 853M | 917M | 888M | 949M | 1B | 974M | 1B | 1B | 1.1B | 1.1B | 979M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 3.1B | 3.3B | 2.7B | 2.6B | 2.5B | 2.7B | 2.9B | 2.9B | 3B | 2.2B | 2.1B | 2.1B |
| Property, plant & equipment | 141M | 166M | 181M | 200M | 215M | 221M | 231M | 254M | 249M | 248M | 246M | 246M |
| Goodwill & intangibles | 800M | 790M | 776M | 764M | 752M | 738M | 728M | 948M | 932M | 928M | 906M | 956M |
| Total assets | 4.4B | 4.7B | 4.1B | 4B | 3.9B | 4.1B | 4.3B | 4.4B | 4.5B | 3.7B | 3.5B | 3.5B |
| Accounts payable | 57M | 72M | 49M | 57M | 69M | 80M | 77M | 69M | 78M | 70M | 48M | 62M |
| Short-term debt | 13M | 13M | 13M | 13M | 12M | 13M | 13M | 3M | 3M | 3M | 2M | 3M |
| Total current liabilities | 683M | 733M | 716M | 750M | 820M | 798M | 887M | 871M | 832M | 917M | 885M | 929M |
| Long-term debt | 30M | 27M | 23M | 19M | 16M | 13M | 9M | 34M | 34M | 33M | 32M | 31M |
| Total liabilities | 937M | 977M | 956M | 988M | 1.1B | 1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.1B | 1.2B |
| Shareholders' equity | 3.5B | 3.8B | 3.1B | 3B | 2.9B | 3.1B | 3.2B | 3.3B | 3.5B | 2.5B | 2.4B | 2.3B |
| Total debt | 43M | 40M | 36M | 32M | 28M | 26M | 22M | 37M | 37M | 36M | 34M | 34M |
| Net debt | -2B | -2.1B | -1.5B | -1.4B | -1.3B | -1.3B | -1.5B | -1.5B | -1.7B | -601M | -597M | -723M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -70M | -73M | 428M | -1.6B | 457M | 447M |
| Depreciation & amortization | 20M | 27M | 47M | 57M | 67M | 99M |
| Stock-based compensation | 64M | 22M | 33M | 2.8B | 300M | 352M |
| Change in working capital | -302M | -234M | 14M | -81M | -203M | -131M |
| Operating cash flow | -261M | -253M | 157M | 647M | 684M | 971M |
| Capital expenditure | -7M | -13M | -24M | -54M | -64M | — |
| Investing cash flow | 301M | -321M | 119M | 137M | -107M | -147M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | 0 | 0 | -36M | -1.4B | -1.4B |
| Financing cash flow | 625M | 390M | -3M | -36M | -1.5B | -1.4B |
| Net change in cash | 665M | -184M | 273M | 748M | -916M | -575M |
| Free cash flow | -98M | -226M | 251M | 530M | 623M | 910M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -2B | 135M | 130M | 61M | 118M | 148M | 106M | 116M | 144M | 81M | 144M | 112M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 28M | 26M | 30M | 34M |
| Stock-based compensation | — | — | — | — | — | — | — | — | 81M | 99M | 80M | 141M |
| Change in working capital | — | — | — | — | — | — | — | — | 2M | -102M | 25M | 127M |
| Operating cash flow | -2B | 135M | 130M | 61M | 118M | 148M | 106M | 116M | 287M | 183M | 268M | 494M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | 8M | -29M | 8M | -6M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | -62M | -1.1B | -359M | -324M |
| Financing cash flow | — | — | — | — | — | — | — | — | -72M | -1.1B | -331M | -328M |
| Net change in cash | -2B | 135M | 130M | 61M | 118M | 148M | 106M | 116M | 223M | -992M | -55M | 160M |
| Free cash flow | — | — | — | — | — | — | — | — | 272M | 171M | 252M | 481M |