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 % |
|---|---|---|---|---|---|---|
| Q1 26 | $0.51 | $0.6 | +17.6% | — | $1B | — |
| Q4 25 | $0.55 | $0.59 | +7.3% | — | $953.2M | — |
| Q3 25 | $0.46 | $0.55 | +19.6% | — | $885.7M | — |
| Q2 25 | $0.41 | $0.46 | +12.2% | — | — | — |
| Q1 25 | $0.42 | $0.46 | +9.5% | — | — | — |
| Q4 24 | $0.43 | $0.49 | +14.0% | — | — | — |
| Q3 24 | $0.4 | $0.46 | +15.0% | — | — | — |
| Q2 24 | $0.36 | $0.43 | +19.4% | — | — | — |
| Q1 24 | $0.35 | $0.44 | +25.7% | — | — | — |
| Q4 23 | $0.44 | $0.44 | 0.0% | — | — | — |
| Q3 23 | $0.34 | $0.45 | +32.4% | — | — | — |
| Q2 23 | $0.28 | $0.36 | +28.6% | — | $509.5M | — |
| Q1 23 | $0.24 | $0.28 | +16.7% | — | $481.7M | — |
| Q4 22 | $0.19 | $0.26 | +36.8% | — | $469.4M | — |
| Q3 22 | $0.16 | $0.23 | +43.8% | — | $436.5M | — |
| Q2 22 | $0.15 | $0.24 | +60.0% | — | $406.1M | — |
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 | — | $0.31 | — | — | $3.4B | — |
| FY24 | — | $0.55 | — | — | $2.7B | — |
| FY23 | — | $0.15 | — | — | $2.1B | — |
| FY22 | — | -$0.16 | — | — | $1.7B | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $100.8M | $198.1M | $362.8M | $603.5M | $1B | $1.7B | $2.1B | $2.7B | $3.4B |
| YoY change | — | +96.6% | +83.2% | +66.3% | +70.5% | +62.8% | +27.1% | +26.1% | +27.7% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 100.8M | 198.1M | 362.8M | 603.5M | 1B | 1.7B | 2.1B | 2.7B | 3.4B |
| Cost of revenue | 23.4M | 46.5M | 88.9M | 130.2M | 234.2M | 346.7M | 409.9M | 515.5M | 687M |
| Gross profit | 77.3M | 151.5M | 273.8M | 473.3M | 794.5M | 1.3B | 1.7B | 2.2B | 2.7B |
| Gross margin | 76.8% | 76.5% | 75.5% | 78.4% | 77.2% | 79.3% | 80.7% | 80.8% | 80% |
| Research & development | 24.7M | 55.2M | 111.4M | 210.6M | 419.8M | 752.4M | 962.4M | 1.2B | 1.5B |
| Selling, general & administrative | 55.6M | 107.4M | 182.5M | 276.4M | 393.9M | 634.7M | 789.5M | 961.8M | 1.2B |
| Operating expenses | 80.3M | 162.6M | 294M | 487M | 813.7M | 1.4B | 1.8B | 2.1B | 2.8B |
| Operating income | -3M | -11M | -20.1M | -13.8M | -19.2M | -58.7M | -33.5M | 54.3M | -44.4M |
| Operating margin | -2.93% | -5.57% | -5.55% | -2.28% | -1.86% | -3.5% | -1.57% | 2.02% | -1.29% |
| Non-operating income, net | 843K | -120K | 86K | 751K | 374K | 2.2M | -3.5M | 1.4M | -12M |
| Pretax income | -2.1M | -10.2M | -16M | -22.2M | -18.4M | -38.1M | 60.2M | 203.9M | 127M |
| Income tax | 457K | 522K | 734K | 2.3M | 2.3M | 12.1M | 11.7M | 20.2M | 19.3M |
| Net income | -2.6M | -10.8M | -16.7M | -24.5M | -20.7M | -50.2M | 48.6M | 183.7M | 107.7M |
| Net margin | -2.55% | -5.43% | -4.61% | -4.07% | -2.02% | -2.99% | 2.28% | 6.85% | 3.14% |
| EBITDA | -252K | -4.2M | -3.6M | 23.7M | 25.6M | 13.1M | 111M | 265.9M | 193.8M |
| EPS | -0.03 | -0.15 | -0.12 | -0.08 | -0.07 | -0.16 | 0.15 | 0.55 | 0.31 |
| Diluted EPS | -0.03 | -0.15 | -0.12 | -0.08 | -0.07 | -0.16 | 0.14 | 0.52 | 0.31 |
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 | — | — | — | — | — | — | — | — | 885.7M | 953.2M | 1B | 1.1B |
| Cost of revenue | — | — | — | — | — | — | — | — | 176.5M | 186.9M | 209.2M | 240.1M |
| Gross profit | — | — | — | — | — | — | — | — | 709.2M | 766.3M | 797.2M | 881.3M |
| Gross margin | — | — | — | — | — | — | — | — | 80.1% | 80.4% | 79.2% | 78.6% |
| Research & development | — | — | — | — | — | — | — | — | 402M | 417.9M | 435.3M | 478M |
| Selling, general & administrative | — | — | — | — | — | — | — | — | 312.7M | 341.1M | 354.2M | 395.5M |
| Operating expenses | — | — | — | — | — | — | — | — | 714.7M | 759M | 789.5M | 873.5M |
| Operating income | -4.2M | 27.7M | 12M | 12.6M | 20.3M | 9.4M | -12.4M | -34.1M | -5.8M | 8M | 7.3M | 7.5M |
| Operating margin | — | — | — | — | — | — | — | — | -0.66% | 0.84% | 0.73% | 0.67% |
| Non-operating income, net | — | — | — | — | — | — | — | — | -1.7M | 758K | 5.5M | -3M |
| Pretax income | — | — | — | — | — | — | — | — | 35.7M | 53.5M | 58.9M | 51.7M |
| Income tax | — | — | — | — | — | — | — | — | 1.8M | 6.9M | 6.4M | 7.2M |
| Net income | — | — | — | — | — | — | — | — | 33.9M | 46.6M | 52.6M | 44.6M |
| Net margin | — | — | — | — | — | — | — | — | 3.83% | 4.89% | 5.22% | 3.97% |
| EBITDA | — | — | — | — | — | — | — | — | 52.1M | 77.3M | 78.9M | 75.4M |
| EPS | 0.07 | 0.16 | 0.13 | 0.13 | 0.15 | 0.13 | 0.07 | 0.01 | 0.1 | 0.13 | 0.15 | 0.13 |
| Diluted EPS | 0.06 | 0.15 | 0.12 | 0.12 | 0.14 | 0.13 | 0.07 | 0.01 | 0.1 | 0.13 | 0.15 | 0.12 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 55B | 23.2B | 39.3B | 48B | 47.2B | 96.5B |
| Enterprise value | — | — | — | — | 54.3B | 22.1B | 37.7B | 45.7B | 44B | 92.6B |
| Shares outstanding | 79.6M | 71M | 139.9M | 300.4M | 309M | 315.4M | 324M | 336.2M | 347.3M | 347.3M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 809.8 | 261.4 | 438.4 | 529.5 |
| P/S | — | — | — | — | 53.5 | 13.8 | 18.5 | 17.9 | 13.8 | 24.4 |
| P/B | — | — | — | — | 52.9 | 16.4 | 19.4 | 17.7 | 12.7 | 22.2 |
| EV/EBITDA | — | — | — | — | 2.1K | 1.7K | 339.2 | 171.8 | 227.2 | 1.1K |
| EV/Sales | — | — | — | — | 52.8 | 13.2 | 17.7 | 17 | 12.8 | 23.3 |
| Earnings yield | — | — | — | — | — | — | 0.12% | 0.38% | 0.23% | 0.19% |
| FCF yield | — | — | — | — | 0.46% | 1.52% | 1.52% | 1.61% | 1.94% | 1.09% |
| PEG | — | — | — | — | — | — | — | — | — | 0.44 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 76.8% | 76.5% | 75.5% | 78.4% | 77.2% | 79.3% | 80.7% | 80.8% | 80% | 78.6% |
| Operating margin | -2.93% | -5.57% | -5.55% | -2.28% | -1.86% | -3.5% | -1.57% | 2.02% | -1.29% | 0.67% |
| Net margin | -2.55% | -5.43% | -4.61% | -4.07% | -2.02% | -2.99% | 2.28% | 6.85% | 3.14% | 4.48% |
| ROE | 3.39% | 14.2% | -2.14% | -2.56% | -1.99% | -3.56% | 2.4% | 6.77% | 2.89% | 4.7% |
| ROA | -2.02% | -5.99% | -1.61% | -1.3% | -0.87% | -1.67% | 1.23% | 3.18% | 1.62% | 0.18% |
| ROIC | 2.18% | 8.51% | -29.3% | -16.5% | -6.5% | -16.1% | -7.83% | 13.3% | -7.02% | 2.29% |
| Return on tangible assets | -2.28% | -6.65% | -1.64% | -1.33% | -1.18% | -2.2% | 1.51% | 3.63% | 1.94% | 2.92% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.75 | 1.09 | 4.51 | 5.77 | 3.54 | 3.09 | 3.17 | 2.64 | 3.38 | 3.21 |
| Quick ratio | 1.75 | 1.09 | 4.51 | 5.77 | 3.54 | 3.09 | 3.17 | 2.64 | 3.38 | 3.2 |
| Debt / equity | 0 | 0 | 0.08 | 0.67 | 0.78 | 0.59 | 0.45 | 0.68 | 0.34 | 0.29 |
| Debt / assets | 0 | 0 | 0.06 | 0.34 | 0.34 | 0.28 | 0.23 | 0.32 | 0.19 | 0.17 |
| Net debt / EBITDA | 238.2 | 12.7 | 199.6 | -36.9 | -29.2 | -79.9 | -15.1 | -8.82 | -16.5 | -13.1 |
| Interest coverage | — | — | -498.3 | 0.27 | 0.12 | -1.3 | 10.6 | 29.9 | 12.5 | 16.6 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 19.4% | 9.9% | 15.2% | 11.1% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.27 | 2.79 | 2.59 | 2.01 | 3.33 | 5.31 | 6.57 | 7.98 | 9.87 | 11.3 |
| EPS (basic) | -0.03 | -0.15 | -0.12 | -0.08 | -0.07 | -0.16 | 0.15 | 0.55 | 0.31 | 0.31 |
| EPS (diluted) | -0.03 | -0.15 | -0.12 | -0.08 | -0.07 | -0.16 | 0.14 | 0.52 | 0.31 | 0.51 |
| Book value per share | -0.95 | -1.07 | 5.59 | 3.19 | 3.37 | 4.47 | 6.25 | 8.07 | 10.7 | 12.2 |
| FCF per share | 0.08 | -0.07 | 0.01 | 0.28 | 0.81 | 1.12 | 1.84 | 2.31 | 2.63 | 2.89 |
| Cash per share | 0.75 | 0.76 | 5.53 | 5.05 | 5.03 | 5.97 | 7.97 | 12.5 | 12.9 | 13.9 |
| Capex per share | 0.03 | 0.14 | 0.1 | 0.02 | 0.03 | 0.11 | 0.09 | 0.1 | 0.25 | 0.29 |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.33% | 4.88% | 3.67% | 0.9% | 0.97% | 2.11% | 1.3% | 1.29% | 2.5% | 2.76% |
| Capex / operating cash flow | 15.8% | 1.2K% | 51.2% | 5.61% | 4.31% | 9.38% | 3.71% | 3.72% | 8.17% | 8.9% |
| Payout ratio | — | — | — | — | — | — | — | — | — | 0% |
| FY21 |
| — |
| -$0.07 |
| — |
| — |
| $1B |
| — |
| FY20 | — | -$0.08 | — | — | $603.5M | — |
| FY19 | — | -$0.12 | — | — | $362.8M | — |
| FY18 | — | -$0.15 | — | — | $198.1M | — |
| FY17 | — | -$0.03 | — | — | $100.8M | — |
| 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 | — | — | — | — | — | — | — | — | $885.7M | $953.2M | $1B | $1.1B |
| YoY change | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 60M | 53.6M | 774M | 1.5B | 1.6B | 1.9B | 2.6B | 4.2B | 4.5B |
| Receivables | 31M | 55.8M | 102.4M | 163.4M | 268.8M | 399.6M | 509.3M | 598.9M | 741.3M |
| Inventory | — | — | — | — | — | — | — | — | — |
| Total current assets | 100.4M | 122M | 903.9M | 1.7B | 1.9B | 2.3B | 3.2B | 4.9B | 5.4B |
| Property, plant & equipment | 11.1M | 21.6M | 85.8M | 105M | 136.5M | 213M | 298.4M | 399.5M | 552.8M |
| Goodwill & intangibles | 14.5M | 17.8M | 21M | 39.4M | 615.8M | 729.3M | 724.6M | 728.2M | 1.1B |
| Total assets | 127.1M | 179.8M | 1B | 1.9B | 2.4B | 3B | 3.9B | 5.8B | 6.6B |
| Accounts payable | 5.3M | 12.6M | 15.4M | 21.3M | 25.3M | 23.5M | 87.7M | 107.7M | 148.8M |
| Short-term debt | — | — | 11.9M | 16.3M | 20.2M | 22.1M | 22M | 666M | 39.4M |
| Total current liabilities | 57.3M | 112.2M | 200.2M | 297.8M | 528.7M | 759.7M | 1B | 1.9B | 1.6B |
| Long-term debt | 0 | 0 | 48.5M | 627.3M | 787.6M | 815.4M | 880.4M | 1.2B | 1.2B |
| Total liabilities | 202.8M | 255.8M | 255.7M | 932.9M | 1.3B | 1.6B | 1.9B | 3.1B | 2.9B |
| Shareholders' equity | -75.7M | -76M | 782.3M | 957.4M | 1B | 1.4B | 2B | 2.7B | 3.7B |
| Total debt | 0 | 0 | 60.4M | 643.6M | 807.7M | 837.5M | 902.3M | 1.8B | 1.3B |
| Net debt | -60M | -53.6M | -536.9M | 418.7M | 536.8M | 498.5M | 572M | 595.2M | 877.7M |
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 | — | — | — | — | — | — | — | — | 4.1B | 4.5B | 4.8B | 5B |
| Receivables | — | — | — | — | — | — | — | — | 549.6M | 741.3M | 680.4M | 827.3M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | 4.8B | 5.4B | 5.6B | 6B |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 526.3M | 552.8M | 592.2M | 615.7M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 1.1B | 1.1B | 1.1B | 1.5B |
| Total assets | — | — | — | — | — | — | — | — | 6.1B | 6.6B | 7B | 7.5B |
| Accounts payable | 85.4M | 87.7M | 64.3M | 116M | 92M | 107.7M | 98.4M | 198.8M | 135.2M | 148.8M | 174.8M | 313.5M |
| Short-term debt | — | — | — | — | — | — | — | — | 36M | 39.4M | 41.4M | 44.2M |
| Total current liabilities | — | — | — | — | — | — | — | — | 1.3B | 1.6B | 1.7B | 1.9B |
| Long-term debt | — | — | — | — | — | — | — | — | 1.2B | 1.2B | 1.2B | 1.2B |
| Total liabilities | — | — | — | — | — | — | — | — | 2.6B | 2.9B | 3B | 3.2B |
| Shareholders' equity | — | — | — | — | — | — | — | — | 3.4B | 3.7B | 4B | 4.4B |
| Total debt | — | — | — | — | — | — | — | — | 1.3B | 1.3B | 1.3B | 1.3B |
| Net debt | — | — | — | — | — | — | — | — | 738.7M | 877.7M | 858.7M | 842.8M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -2.6M | -10.8M | -16.7M | -24.5M | -20.7M | -50.2M | 48.6M | 183.7M | 107.7M |
| Depreciation & amortization | 2.7M | 6M | 12.4M | 15.4M | 22.9M | 34.6M | 44.5M | 54.9M | 55.8M |
| Stock-based compensation | 3.1M | 5.2M | 19M | 74.4M | 163.7M | 363.2M | 482.3M | 570.3M | 750.7M |
| Change in working capital | 10.4M | -2.4M | -5.9M | -12M | 26.8M | -24.6M | 98.6M | 41.6M | 21.9M |
| Operating cash flow | 14.8M | 817K | 26M | 96.5M | 231.2M | 375.8M | 742.9M | 934.3M | 1.1B |
| Capital expenditure | -2.4M | -9.7M | -13.3M | -5.4M | -10M | -35.3M | -27.6M | -34.7M | -85.8M |
| Investing cash flow | -7.3M | -11.3M | -192.1M | -1.1B | -247.7M | -355M | -696.5M | -676.1M | -1.3B |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | -421K | 0 | 0 | — | — | — |
| Financing cash flow | 0 | 0 | 706.3M | 639.1M | -245K | -3K | 0 | 736M | -635.7M |
| Net change in cash | 7.5M | -10.5M | 540.2M | -396.6M | -16.7M | 20.7M | 46.4M | 994.2M | -870.5M |
| Free cash flow | 6M | -5M | 791K | 83.2M | 250.5M | 353.5M | 597.5M | 775.1M | 914.7M |
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 | 22.6M | 54M | 42.6M | 43.8M | 51.7M | 45.6M | 24.6M | 2.6M | 33.9M | 46.6M | 52.6M | 44.6M |
| Depreciation & amortization | 11.6M | 12M | 12.9M | 12.4M | 13.9M | 15.7M | 11.2M | 12.8M | 15M | 16.6M | 17.9M | 19.5M |
| Stock-based compensation | 123.1M | 128.1M | 135M | 134.7M | 142.2M | 158.5M | 164.3M | 180.5M | 200.6M | 205.4M | 196.8M | 220.3M |
| Change in working capital | 5M | -5.1M | 35.1M | -35.4M | 364K | 41.6M | 56.9M | -24.6M | -36.7M | 26.2M | 61M | -1M |
| Operating cash flow | 180.6M | 207.9M | 245.1M | 175.6M | 229.2M | 284.3M | 282.2M | 200.1M | 251.5M | 327.1M | 334.6M | 315.9M |
| Capital expenditure | -6.1M | -10.4M | -14.2M | -4.4M | -8.4M | -7.8M | -8.7M | -19.6M | -20.7M | -27.2M | -34.2M | -27.3M |
| Investing cash flow | -182.6M | -165.5M | -249.8M | -43.5M | -289.9M | -92.9M | -425M | -175.9M | -185.4M | -489M | -303.4M | -340M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 0 | 0 | — | -25K | -24K | -297.6M | -20K | -635.7M | 0 | 0 | 0 | 0 |
| Net change in cash | -2M | 42.4M | -4.7M | 132.1M | -60.7M | -106.1M | -142.9M | -611.6M | 66.1M | -161.9M | 31.2M | -24.1M |
| Free cash flow | 138.2M | 201.3M | 186.7M | 143.8M | 203.6M | 241M | 244.4M | 165.4M | 214M | 291M | 289.1M | 278.7M |