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 | $0.43 | $0.64 | +48.8% | — | $860.8M | — |
| Q1 26 | $0.17 | $0.29 | +70.6% | — | $680.6M | — |
| Q4 25 | $1.53 | $1.11 | -27.5% | — | $1B | — |
| Q1 25 | -$0.13 | $0.06 | +146.2% | — | $525.3M | — |
| Q4 24 | $1.42 | $1.26 | -11.3% | — | $719.8M | — |
| Q3 24 | -$0.16 | -$0.34 | -112.5% | — | $75.8M | — |
| Q2 24 | -$0.4 | -$0.34 | +15.0% | — | $63.9M | — |
| Q1 24 | -$0.55 | -$0.54 | +1.8% | — | $359.1M | — |
| Q4 23 | -$0.8 | -$0.95 | -18.7% | — | $561.2M | — |
| Q3 23 | -$1.56 | -$0.81 | +48.1% | — | $445.6M | — |
| Q2 23 | -$1.37 | -$0.32 | +76.6% | — | $440.3M | — |
| Q1 23 | -$0.64 | -$0.98 | -53.1% | — | $429.9M | — |
| Q4 22 | -$0.44 | -$0.96 | -118.2% | — | $409.2M | — |
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 | — | $3.13 | — | — | $3B | — |
| FY24 | — | -$0.79 | — | — | $2.1B | — |
| FY23 | — | -$3.81 | — | — | $1.9B | — |
| FY22 | — | -$5.95 | — | — | $1.2B | — |
| FY21 | — | -$23.4 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $348.1M | $415.5M | $720.8M | $1.2B | $1.9B | $2.1B | $3B |
| YoY change | — | +19.4% | +73.5% | +66.9% | +56.1% | +10.7% | +45.8% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 348.1M | 415.5M | 720.8M | 1.2B | 1.9B | 2.1B | 3B |
| Cost of revenue | 103.4M | 176.6M | 339M | 730.7M | 1.2B | 1.2B | 1.8B |
| Gross profit | 244.7M | 238.9M | 381.8M | 472M | 661.4M | 884.6M | 1.3B |
| Gross margin | 70.3% | 57.5% | 53% | 39.2% | 35.2% | 42.6% | 41.8% |
| Research & development | 149.8M | 229.7M | 368.4M | 555.2M | 790.5M | 855.6M | 796.9M |
| Selling, general & administrative | 93.9M | 126.5M | 306M | 305.8M | 468.9M | 509.9M | 480.8M |
| Operating expenses | 232.7M | 340.7M | 647.1M | 850.2M | 1.2B | 1.1B | 1.1B |
| Operating income | 12M | -101.8M | -265.3M | -378.2M | -571.6M | -204.9M | 123.5M |
| Operating margin | 3.46% | -24.5% | -36.8% | -31.4% | -30.5% | -9.86% | 4.08% |
| Non-operating income, net | -150.4M | -26.5M | -13.2M | 18.7M | -418K | 12.1M | 231.9M |
| Pretax income | -119.3M | -107.4M | -245.9M | -300.8M | -475.3M | -101.2M | 466.8M |
| Income tax | 930K | -199K | -1.1M | -66K | 658K | 1.1M | 30.8M |
| Net income | -120.2M | -107.2M | -244.8M | -300.8M | -476M | -102.4M | 435.9M |
| Net margin | -34.5% | -25.8% | -34% | -25% | -25.4% | -4.93% | 14.4% |
| EBITDA | 172.3M | -56.9M | -204.4M | -268M | -385.5M | 28.8M | 562.1M |
| EPS | -1.4 | -0.93 | -23.4 | -5.95 | -3.81 | -0.79 | 3.13 |
| Diluted EPS | -1.4 | -0.93 | -23.4 | -5.95 | -3.81 | -0.79 | 2.98 |
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 | 445.6M | 561.2M | 359.1M | 63.9M | 75.8M | 719.8M | 525.3M | 706.4M | 795.4M | 1B | 680.6M | 860.8M |
| Cost of revenue | 309.4M | 329.7M | 219.9M | 35.1M | 39.6M | 438.7M | 306.1M | 405.9M | 460.5M | 590M | 414.5M | 515.6M |
| Gross profit | 136.1M | 231.5M | 139.2M | 28.8M | 36.2M | 281M | 219.2M | 300.5M | 334.9M | 410.5M | 266M | 345.2M |
| Gross margin | 30.6% | 41.2% | 38.8% | 45.1% | 47.7% | 39% | 41.7% | 42.5% | 42.1% | 41% | 39.1% | 40.1% |
| Research & development | 192.6M | 228.5M | 194.4M | 27.7M | 30.9M | 242.4M | 183.3M | 199.2M | 198.9M | 215.6M | 204.7M | 231.2M |
| Selling, general & administrative | 117.3M | 183.1M | 110.7M | 17M | 17.2M | 154.6M | 104.6M | 106M | 117M | 153.1M | 94.3M | 116.5M |
| Operating expenses | 303.4M | 394.3M | 277.7M | 42.1M | 47M | 174.5M | 252.7M | 277.6M | 257.5M | 353.7M | 274.6M | 343.1M |
| Operating income | -167.2M | -162.8M | -138.5M | -13.3M | -10.8M | 106.5M | -33.4M | 22.9M | 77.4M | 56.8M | -8.6M | 2.2M |
| Operating margin | -37.5% | -29% | -38.6% | -20.9% | -14.3% | 14.8% | -6.37% | 3.24% | 9.73% | 5.67% | -1.26% | 0.25% |
| Non-operating income, net | -2.3M | -7.3M | 1.3M | 533.1K | -2.1M | 22.2M | 330K | 6.9M | 181.6M | 43.1M | -24.1M | 13.5M |
| Pretax income | -141.8M | -140.2M | -106.7M | -10M | -9.9M | 147.6M | -17.6M | 44.2M | 283.7M | 156.5M | 18.3M | 70.6M |
| Income tax | -40K | 733K | 248K | 51.1K | -9.6K | 583K | -67K | 94K | 27.5M | 3.3M | 2K | 3K |
| Net income | -141.8M | -140.9M | -106.9M | -10M | -9.9M | 147M | -17.5M | 44.1M | 256.2M | 153.2M | 18.3M | 70.5M |
| Net margin | -31.8% | -25.1% | -29.8% | -15.7% | -13% | 20.4% | -3.34% | 6.24% | 32.2% | 15.3% | 2.69% | 8.2% |
| EBITDA | -138.4M | -132M | -105.9M | -10M | -7.5M | 128M | -13.6M | 43.8M | 278.2M | 129.9M | 48.3M | 61.3M |
| EPS | -1.13 | -1.11 | -0.84 | -0.56 | -0.54 | 1.13 | -0.13 | 0.33 | 1.88 | 0.98 | 0.12 | 0.48 |
| Diluted EPS | -1.13 | -1.11 | -0.84 | -0.56 | -0.54 | 1.08 | -0.13 | 0.32 | 1.79 | 0.94 | 0.11 | 0.4 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Shares outstanding | 912.3M | 839.6M | 763M | 912.3M | 906.8M | 129.2M | 139.1M | 139.1M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 70.3% | 57.5% | 53% | 39.2% | 35.2% | 42.6% | 41.8% | 41.8% |
| Operating margin | 3.46% | -24.5% | -36.8% | -31.4% | -30.5% | -9.86% | 4.08% | 4.08% |
| Net margin | -34.5% | -25.8% | -34% | -25% | -25.4% | -4.93% | 14.4% | 14.4% |
| ROE | -12.9% | -9.43% | -8.03% | -10.6% | -12.3% | -2.6% | 4.87% | 4.87% |
| ROA | -9.68% | -8.17% | -6.19% | -7.83% | -8.41% | -1.71% | 3.87% | 3.87% |
| ROIC | -12.7% | -42.2% | -102.9% | -36.2% | -44.6% | -13.9% | 2.22% | 2.22% |
| Return on tangible assets | -9.88% | -8.4% | -6.41% | -8.11% | -8.78% | -1.78% | 3.97% | 3.97% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 4.32 | 7.25 | 3.92 | 3.28 | 3.29 | 2.87 | 3.73 | 3.73 |
| Quick ratio | 4.06 | 6.35 | 3.49 | 2.6 | 2.92 | 2.58 | 3.38 | 3.38 |
| Debt / equity | — | — | 0 | 0.02 | 0.14 | 0.19 | 0.11 | 0.11 |
| Debt / assets | — | — | 0 | 0.02 | 0.1 | 0.12 | 0.09 | 0.09 |
| Net debt / EBITDA | — | — | 13.7 | 6.7 | 6.7 | -85.4 | -6.68 | -6.68 |
| Interest coverage | — | — | — | — | -153.9 | -6.89 | 25.7 | 25.7 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 6.61% | 6.61% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.38 | 0.49 | 0.94 | 1.32 | 2.07 | 16.1 | 21.8 | 21.8 |
| EPS (basic) | -1.4 | -0.93 | -23.4 | -5.95 | -3.81 | -0.79 | 3.13 | 3.13 |
| EPS (diluted) | -1.4 | -0.93 | -23.4 | -5.95 | -3.81 | -0.79 | 2.98 | 2.98 |
| Book value per share | 1.02 | 1.35 | 4 | 3.11 | 4.26 | 30.4 | 64.4 | 64.4 |
| FCF per share | 0.01 | -0.51 | -0.67 | -1.03 | -0.39 | -1.61 | -1.62 | -1.62 |
| Cash per share | 1.12 | 1.07 | 3.66 | 2.04 | 3.46 | 24.8 | 34.2 | 34.2 |
| Capex per share | 0.04 | 0.08 | 0.29 | 0.25 | 0.45 | 2.01 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 9.31% | 15.9% | 30.5% | 19.2% | 21.7% | 12.5% | — | — |
| Capex / operating cash flow | -23% | -28.9% | -59.1% | -35.1% | 1.4K% | -453.9% | — | — |
| Payout ratio | 0% | 0% | -207.3% | 0% | -3.68% | 0% | 67.2% | 67.2% |
| — |
| — |
| $720.8M |
| — |
| FY20 | — | -$0.93 | — | — | $415.5M | — |
| FY19 | — | -$1.4 | — | — | $348.1M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $445.6M | $561.2M | $359.1M | $63.9M | $75.8M | $719.8M | $525.3M | $706.4M | $795.4M | $1B | $680.6M | $860.8M |
| YoY change | +33.5% | +37.1% | -16.5% | -85.5% | -83% | +28.3% | +46.3% | +1K% | +949.8% | +39% | +29.6% | +21.9% |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 1B | 895.7M | 2.8B | 1.9B | 3.1B | 3.2B | 4.8B |
| Receivables | 36.5M | 56.3M | 85.8M | 485M | 524.8M | 765M | 1.3B |
| Inventory | 70.2M | 149.9M | 376.2M | 646.9M | 495.9M | 482.1M | 670.5M |
| Total current assets | 1.2B | 1.2B | 3.5B | 3.1B | 4.4B | 4.7B | 7.1B |
| Property, plant & equipment | 51.8M | 73.6M | 376.8M | 595.4M | 1.1B | 805.7M | 919.4M |
| Goodwill & intangibles | 25.9M | 35.8M | 131M | 132.1M | 238.9M | 232.9M | 269M |
| Total assets | 1.2B | 1.3B | 4B | 3.8B | 5.7B | 6B | 11.3B |
| Accounts payable | 18.6M | 55.4M | 77.3M | 206.7M | 269.4M | 345M | 592.6M |
| Short-term debt | — | — | — | 35M | 153.9M | 371.5M | 635.2M |
| Total current liabilities | 271.2M | 166.7M | 892.2M | 955.5M | 1.3B | 1.6B | 1.9B |
| Long-term debt | — | — | 0 | 28.6M | 405.3M | 367.8M | 364.3M |
| Total liabilities | 313.1M | 174.9M | 902.5M | 997.7M | 1.8B | 2.1B | 2.3B |
| Shareholders' equity | 929.2M | 1.1B | 3B | 2.8B | 3.9B | 3.9B | 9B |
| Total debt | — | — | 0 | 63.6M | 559.2M | 739.3M | 999.5M |
| Net debt | — | — | -449.4M | -849.7M | -995.3M | -2.1B | -664M |
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 | 3.2B | 3.1B | 2.8B | 382.9M | 355M | 3.2B | 2.9B | 2.8B | 7.4B | 4.8B | 5.7B | 6.6B |
| Receivables | 407.7M | 524.8M | 570.4M | 97.5M | 110.7M | 765M | 957.6M | 1.1B | 1.1B | 1.3B | 950.5M | 1.1B |
| Inventory | 500.3M | 495.9M | 634.7M | 93.4M | 83.1M | 482.1M | 490M | 599.3M | 642.8M | 670.5M | 721.7M | 868.5M |
| Total current assets | 4.3B | 4.4B | 4.3B | 611.6M | 597M | 4.7B | 4.6B | 4.8B | 9.5B | 7.1B | 8B | 9.1B |
| Property, plant & equipment | 747M | 1.1B | 1B | 142.6M | 148.5M | 805.7M | 1.1B | 1.1B | 1.1B | 919.4M | 1.2B | 1.1B |
| Goodwill & intangibles | 132.8M | 238.9M | 231.3M | 32.3M | 34.7M | 232.9M | 238.9M | 258.6M | 264.9M | 269M | 263.5M | — |
| Total assets | 5.2B | 5.7B | 5.6B | 788.1M | 780.6M | 6B | 5.8B | 6.3B | 10.9B | 11.3B | 10.9B | 10.3B |
| Accounts payable | 219.7M | 269.4M | 336.1M | 50.3M | 33.1M | 345M | 346.9M | 461.9M | 461.7M | 592.6M | 449M | 658.1M |
| Short-term debt | 113.9M | 153.9M | 188.3M | 27.4M | 37.5M | 371.5M | 334.2M | 598.7M | 593.9M | 635.2M | 628.2M | 488M |
| Total current liabilities | 1B | 1.3B | 1.3B | 193.4M | 193.6M | 1.6B | 1.1B | 1.5B | 1.7B | 1.9B | 1.6B | 1.7B |
| Long-term debt | 243M | 405.3M | 442M | 61.8M | 56.5M | 367.8M | 370.1M | 350.7M | 387.1M | 364.3M | 335M | 310.2M |
| Total liabilities | 1.3B | 1.8B | 1.8B | 262.8M | 257.7M | 2.1B | 1.6B | 1.9B | 2.1B | 2.3B | 2B | 1.3B |
| Shareholders' equity | 4B | 3.9B | 3.8B | 525.4M | 522.9M | 3.9B | 4.3B | 4.4B | 8.8B | 9B | 8.9B | 9B |
| Total debt | 356.9M | 559.2M | 630.3M | 89.2M | 94M | 739.3M | 704.3M | 949.5M | 981M | 999.5M | 963.2M | 798.2M |
| Net debt | -959M | -995.3M | -933.2M | -222.8M | -209.7M | -2.1B | -2.1B | -1.8B | -1.6B | -664M | -274.7M | -711.9M |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -120.2M | -107.2M | -244.8M | -300.8M | -476M | -102.4M | 435.9M |
| Depreciation & amortization | 9.7M | 19.2M | 28.2M | 53.6M | 86.3M | 131.8M | 123.8M |
| Stock-based compensation | 0 | 0 | 54.3M | 105.2M | 234.6M | 116.1M | 114.7M |
| Change in working capital | -30.4M | -140.3M | -210.2M | -546.8M | 149.2M | -240M | -625.2M |
| Operating cash flow | -140.9M | -228.3M | -372.5M | -658.4M | 28.5M | -57.2M | 117M |
| Capital expenditure | -32.4M | -66M | -220.1M | -231.2M | -406.7M | -259.5M | — |
| Investing cash flow | -772.3M | 189.6M | -1.9B | 1.1B | -1.1B | 967.7M | -5.3B |
| Dividends paid | 0 | 0 | -507.6M | 0 | -17.5M | 0 | -292.7M |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 739.7M | 317.1M | 2.4B | 15.2M | 1.6B | 98.9M | 4B |
| Net change in cash | -173.5M | 278.5M | 112.5M | 485.6M | 563.5M | 1B | -1.2B |
| Free cash flow | 6.6M | -428.6M | -510M | -936.4M | -357.4M | -207.9M | -225.2M |
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 | Q4 21 | Q4 22 | Q1 25 |
|---|---|---|---|
| Net income | -70M | -135.3M | — |
| Depreciation & amortization | 7.7M | 15M | — |
| Stock-based compensation | 30.7M | 25.1M | — |
| Change in working capital | -169M | -204.4M | — |
| Operating cash flow | -200.6M | -291.3M | — |
| Capital expenditure | -80.8M | -13.5M | — |
| Investing cash flow | -797.8M | 356.5M | — |
| Dividends paid | -558K | 0 | — |
| Share repurchases | — | — | — |
| Financing cash flow | 0 | 0 | — |
| Net change in cash | -998.4M | 65.2M | — |
| Free cash flow | -208.7M | -208.3M | -35.4M |