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 | -$2.41 | -$2.78 | -15.4% | — | $405.3M | — |
| Q1 26 | -$2.3 | -$2.82 | -22.6% | — | $282.5M | — |
| Q3 25 | -$2.2 | -$2.65 | -20.5% | — | $336.6M | — |
| Q2 25 | -$2.17 | -$2.4 | -10.6% | — | $259.4M | — |
| Q1 25 | -$2.33 | -$2 | +14.2% | — | $235M | — |
| Q4 24 | -$2.85 | -$2.2 | +22.8% | — | $234.5M | — |
| Q3 24 | -$3.1 | -$2.8 | +9.7% | — | $200M | — |
| Q2 24 | -$2.7 | -$3.1 | -14.8% | — | $200.6M | — |
| Q1 24 | -$0.25 | -$0.3 | -20.0% | — | $172.7M | — |
| Q4 23 | -$3.17 | -$2.99 | +5.7% | — | $157.2M | — |
| Q3 23 | -$0.35 | -$0.31 | +11.4% | — | $137.8M | — |
| Q2 23 | -$0.33 | -$0.42 | -27.3% | — | $150.9M | — |
| Q1 23 | -$0.41 | -$0.39 | +4.9% | — | $149.4M | — |
| Q4 22 | -$0.4 | -$0.43 | -7.5% | — | $257.7M | — |
| Q3 22 | -$0.31 | -$0.24 | +22.6% | — | $195.5M | — |
| Q2 22 | -$0.36 | -$0.33 | +8.3% | — | $97.3M | — |
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 | — | -$11.8 | — | — | $1.4B | — |
| FY24 | — | -$12.5 | — | — | $807.8M | — |
| FY23 | — | -$1.36 | — | — | $595.3M | — |
| FY22 | — | -$0.78 | — | — | $608.2M | — |
| FY21 | — |
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 | $4.6M | $4M | $27.1M | $608.2M | $595.3M | $807.8M | $1.4B |
| YoY change | — | -13.4% | +581.9% | +2.1K% | -2.12% | +35.7% | +67.6% |
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 | 4.6M | 4M | 27.1M | 608.2M | 595.3M | 807.8M | 1.4B |
| Cost of revenue | 3.9M | 3.1M | 154.9M | 1.6B | 1.9B | 1.7B | 2.6B |
| Gross profit | 664K | 906K | -127.8M | -1B | -1.3B | -923.1M | -1.3B |
| Gross margin | 14.5% | 22.8% | -471.3% | -170.7% | -225.2% | -114.3% | -92.8% |
| Research & development | 220.2M | 511.1M | 750.2M | 821.5M | 937M | 1.2B | 1.2B |
| Selling, general & administrative | 38.4M | 89M | 652.5M | 734.6M | 797.2M | 901M | 1B |
| Operating expenses | 258.6M | 600.1M | 1.4B | 1.6B | 1.7B | 2.1B | 2.2B |
| Operating income | -257.9M | -599.2M | -1.5B | -2.6B | -3.1B | -3B | -3.5B |
| Operating margin | -5.6K% | -15.1K% | -5.6K% | -426.5% | -516.6% | -371.4% | -258.7% |
| Non-operating income, net | -10.9M | -120.3M | -1B | 1.3B | 68.3M | 107.7M | 740M |
| Pretax income | -277.3M | -719.6M | -2.6B | -1.3B | -2.8B | -2.7B | -2.7B |
| Income tax | 23K | -188K | 49K | 379K | 1M | 1.2M | -2.3M |
| Net income | -277.4M | -719.4M | -2.6B | -1.3B | -2.8B | -2.7B | -2.7B |
| Net margin | -6K% | -18.1K% | -9.5K% | -214.5% | -475.1% | -336% | -199.3% |
| EBITDA | -249.5M | -589.7M | -1.5B | -2.3B | -2.6B | -2.5B | -2.9B |
| EPS | -10.9 | -28.4 | -6.41 | -0.78 | -1.36 | -12.5 | -11.8 |
| Diluted EPS | -10.9 | -28.4 | -6.41 | -1.51 | -1.36 | -12.5 | -12.1 |
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 | 137.8M | 157.2M | 172.7M | 200.6M | 200M | 234.5M | 235M | 259.4M | 336.6M | 522.7M | 282.5M | 405.3M |
| Cost of revenue | 469.7M | 410M | 404.8M | 470.4M | 412.5M | 443.2M | 463.6M | 531.8M | 670.2M | 944.6M | 594.2M | 832.1M |
| Gross profit | -331.9M | -252.9M | -232.1M | -269.8M | -212.5M | -208.8M | -228.5M | -272.4M | -333.6M | -421.9M | -311.7M | -426.7M |
| Gross margin | -240.8% | -160.9% | -134.3% | -134.5% | -106.2% | -89% | -97.2% | -105% | -99.1% | -80.7% | -110.4% | -105.3% |
| Research & development | 230.8M | 243M | 284.6M | 287.2M | 324.4M | 280.3M | 251.2M | 273.8M | 325.3M | 361M | 335.7M | 321.3M |
| Selling, general & administrative | 189.7M | 241M | 213.2M | 210.2M | 233.6M | 243.9M | 212.2M | 256.9M | 283.1M | 281.8M | 304.2M | 300.4M |
| Operating expenses | 420.4M | 484M | 497.9M | 497.4M | 558M | 524.2M | 463.4M | 530.7M | 608.4M | 642.8M | 639.8M | 621.8M |
| Operating income | -752.4M | -736.9M | -729.9M | -767.2M | -770.5M | -733M | -691.9M | -803M | -942M | -1.1B | -951.6M | -1B |
| Operating margin | -545.9% | -468.9% | -422.6% | -382.5% | -385.2% | -312.6% | -294.4% | -309.5% | -279.9% | -203.7% | -336.9% | -258.7% |
| Non-operating income, net | 59M | 32.2M | 6.1M | 75.9M | -263.1M | 288.8M | 284.1M | 240.7M | -45.8M | 261.1M | -48.6M | 52.9M |
| Pretax income | -630.6M | -653.8M | -680.7M | -643.5M | -992M | -396.6M | -367.5M | -541.8M | -978.8M | -812.3M | -1B | -1B |
| Income tax | 296K | 14K | 188K | -65K | 487K | 589K | -1.4M | -2.4M | -363K | 1.8M | 177K | 1.1M |
| Net income | -630.9M | -653.8M | -680.9M | -643.4M | -992.5M | -397.2M | -366.2M | -539.4M | -978.4M | -814M | -1B | -1B |
| Net margin | -457.8% | -416% | -394.2% | -320.8% | -496.1% | -169.4% | -155.8% | -207.9% | -290.7% | -155.7% | -364.1% | -255.3% |
| EBITDA | -626.2M | -609.8M | -611.5M | -651.5M | -651.1M | -596.5M | -538.8M | -644.1M | -798.1M | -921.8M | -829.9M | -933.4M |
| EPS | -0.28 | -0.29 | -0.3 | -0.34 | -4.1 | -2.2 | -2.4 | -2.4 | -3.31 | -3.62 | -3.46 | -3.3 |
| Diluted EPS | -0.28 | -0.29 | -0.3 | -0.34 | -4.1 | -2.2 | -2.4 | -2.8 | -3.31 | -3.62 | -3.46 | -3.3 |
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 |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | — | 1.5B |
| Enterprise value | — | — | — | — | — | — | — | 7.3B |
| Shares outstanding | 24.8M | 24.8M | 740.4M | 1.7B | 2.1B | 244.5M | 311.7M | 311.7M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -0.33 |
| P/S | — | — | — | — | — | — | — | 0.98 |
| P/B | — | — | — | — | — | — | — | -1.41 |
| EV/EBITDA | — | — | — | — | — | — | — | -2.04 |
| EV/Sales | — | — | — | — | — | — | — | 4.74 |
| Earnings yield | — | — | — | — | — | — | — | -302.4% |
| FCF yield | — | — | — | — | — | — | — | -221% |
| PEG | — | — | — | — | — | — | — | -0.01 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 14.5% | 22.8% | -471.3% | -170.7% | -225.2% | -114.3% | -92.8% | -105.3% |
| Operating margin | -5.6K% | -15.1K% | -5.6K% | -426.5% | -516.6% | -371.4% | -258.7% | -261% |
| Net margin | -6K% | -18.1K% | -9.5K% | -214.5% | -475.1% | -336% | -199.3% | -249.2% |
| ROE | — | 54.5% | -66% | -30% | -58.3% | -70.1% | -376.1% | -126% |
| ROA | — | -51.3% | -32.7% | -16.6% | -33.2% | -28.1% | -32.2% | -30.7% |
| ROIC | — | 31% | 955.8% | -93.1% | -89.9% | -129.4% | -153.2% | -218.1% |
| Return on tangible assets | — | -51.3% | -32.7% | -16.6% | -33.2% | -28.1% | -32.2% | -50.1% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 3.58 | 16.4 | 5.24 | 4.72 | 4.18 | 1.25 | 1.14 |
| Quick ratio | — | 3.57 | 16.1 | 4.35 | 4.03 | 3.83 | 0.83 | 0.57 |
| Debt / equity | — | -0 | 0.56 | 0.54 | 0.5 | 0.64 | 4.46 | 1.98 |
| Debt / assets | — | 0 | 0.28 | 0.3 | 0.29 | 0.26 | 0.38 | 0.47 |
| Net debt / EBITDA | — | 1.04 | 2.77 | 0.67 | 0.54 | 0.62 | -0.54 | -0.83 |
| Interest coverage | -31.4 | -11.2K | -1.9K | -41.6 | -112.5 | -81.4 | -27.4 | -25 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.18 | 0.16 | 0.04 | 0.36 | 0.29 | 3.3 | 4.34 | 4.59 |
| EPS (basic) | -10.9 | -28.4 | -6.41 | -0.78 | -1.36 | -12.5 | -11.8 | -11.8 |
| EPS (diluted) | -10.9 | -28.4 | -6.41 | -1.51 | -1.36 | -12.5 | -12.1 | -13.2 |
| Book value per share | — | -53.1 | 5.28 | 2.59 | 2.33 | 15.8 | 2.3 | -2.69 |
| FCF per share | -13.7 | -41.5 | -2 | -1.97 | -1.63 | -11.9 | -12.2 | -13.4 |
| Cash per share | — | 24.8 | 8.46 | 2.33 | 1.85 | 16.5 | 5.23 | 1.93 |
| Capex per share | 4.2 | 18.5 | 0.57 | 0.64 | 0.44 | 3.61 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.3K% | 11.6K% | 1.6K% | 176.7% | 153% | 109.4% | — | — |
| Capex / operating cash flow | -46.7% | -65.9% | -19.8% | -72% | -28.6% | -37.3% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| -$6.41 |
| — |
| — |
| $27.1M |
| — |
| FY20 | — | -$28.4 | — | — | $4M | — |
| FY19 | — | -$10.9 | — | — | $4.6M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $137.8M | $157.2M | $172.7M | $200.6M | $200M | $234.5M | $235M | $259.4M | $336.6M | $522.7M | $282.5M | $405.3M |
| YoY change | -29.5% | -39% | +15.6% | +32.9% | +45.2% | +49.2% | +36.1% | +29.3% | +68.3% | +122.9% | +20.2% | +56.2% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 614.9M | 6.3B | 3.9B | 3.9B | 4B | 1.6B |
| Receivables | 260K | 3.1M | 19.5M | 51.8M | 112M | 177.2M |
| Inventory | 1M | 127.3M | 834.4M | 696.2M | 407.8M | 1.1B |
| Total current assets | 662.6M | 6.5B | 4.9B | 4.8B | 4.9B | 3.3B |
| Property, plant & equipment | 713.3M | 1.1B | 2.2B | 2.5B | 2.4B | 3.1B |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 1.4B | 7.9B | 7.9B | 8.5B | 9.6B | 8.4B |
| Accounts payable | 17.3M | 41.3M | 229.1M | 108.7M | 133.8M | 487.5M |
| Short-term debt | 980K | 15.2M | 31.4M | 109.2M | 168.8M | 820.1M |
| Total current liabilities | 185.3M | 396.1M | 937.6M | 1B | 1.2B | 2.6B |
| Long-term debt | 0 | 2.2B | 2.3B | 2.3B | 2.3B | 2.4B |
| Total liabilities | 2.7B | 4B | 3.5B | 3.7B | 5.8B | 7.7B |
| Shareholders' equity | -1.3B | 3.9B | 4.3B | 4.9B | 3.9B | 717.3M |
| Total debt | 980K | 2.2B | 2.3B | 2.4B | 2.5B | 3.2B |
| Net debt | -613.4M | -4.1B | 612.7M | 1.1B | 870M | 2.2B |
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 | 4.4B | 3.9B | 4B | 3.2B | 3.5B | 4B | 3.6B | 2.8B | 2.3B | 1.6B | 700.4M | 761.3M |
| Receivables | 23.4M | 51.8M | 126.9M | 101.4M | 98.2M | 112M | 90.3M | 125.3M | 137.6M | 177.2M | 131.2M | 223.1M |
| Inventory | 799M | 696.2M | 565.7M | 509.9M | 506.8M | 407.8M | 471.4M | 713.3M | 981.1M | 1.1B | 1.5B | 1.4B |
| Total current assets | 5.4B | 4.8B | 4.8B | 4B | 4.2B | 4.9B | 4.4B | 4B | 3.8B | 3.3B | 2.8B | 2.8B |
| Property, plant & equipment | 2.3B | 2.5B | 2.6B | 2.6B | 2.6B | 2.4B | 2.5B | 2.7B | 2.9B | 3.1B | 3.2B | 3.4B |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 8.9B | 8.5B | 8.9B | 8.2B | 8.5B | 9.6B | 9.2B | 8.9B | 8.8B | 8.4B | 7.5B | 7.7B |
| Accounts payable | 104.6M | 108.7M | 101.5M | 113.6M | 139.2M | 133.8M | 121.3M | 213.7M | 393M | 487.5M | 484.9M | 366.9M |
| Short-term debt | 86.4M | 109.2M | 110.3M | 105.6M | 88.4M | 168.8M | 242.5M | 292.2M | 450.6M | 820.1M | 782.3M | 779.4M |
| Total current liabilities | 1B | 1B | 1B | 1B | 1.1B | 1.2B | 1.3B | 1.5B | 2.1B | 2.6B | 2.7B | 2.4B |
| Long-term debt | 2.3B | 2.3B | 2.3B | 2.3B | 2.3B | 2.3B | 2.3B | 2.4B | 2.4B | 2.4B | 2.4B | 2.9B |
| Total liabilities | 3.5B | 3.7B | 4.7B | 4.7B | 5.8B | 5.8B | 6B | 6.5B | 7B | 7.7B | 7.8B | 8.8B |
| Shareholders' equity | 5.4B | 4.9B | 4.2B | 3.5B | 2.7B | 3.9B | 3.2B | 2.4B | 1.8B | 717.3M | -351.4M | -1.1B |
| Total debt | 2.4B | 2.4B | 2.4B | 2.4B | 2.4B | 2.5B | 2.6B | 2.7B | 2.8B | 3.2B | 3.2B | 3.7B |
| Net debt | 1.2B | 1.1B | 254M | 1.1B | 510.6M | 870M | 703.3M | 945.2M | 1.2B | 2.2B | 2.5B | 2.9B |
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 | -277.4M | -719.4M | -2.6B | -1.3B | -2.8B | -2.7B | -2.7B |
| Depreciation & amortization | 3.8M | 10.2M | 62.9M | 186.6M | 233.5M | 295.3M | 451.2M |
| Stock-based compensation | 7.7M | 4.6M | 516.8M | 423.5M | 257.3M | 285.9M | 271.3M |
| Change in working capital | 39.2M | 6.9M | -157.5M | -863.3M | -943.3M | -307.4M | -1B |
| Operating cash flow | -223.2M | -697.6M | -2.1B | -1.5B | -3.2B | -2.4B | -2.9B |
| Capital expenditure | -104.3M | -459.6M | -421.2M | -1.1B | -910.6M | -883.8M | — |
| Investing cash flow | -104.3M | -459.6M | -420.7M | -3.7B | -947M | -1.3B | 2.3B |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -50M | -12.1M | -23.7M | 0 | 0 | — | — |
| Financing cash flow | 620.9M | 1.3B | 6.9B | 1.3B | 3B | 3.5B | 980.4M |
| Net change in cash | 293.5M | 130.1M | 4.4B | -3.9B | -1.1B | -138.9M | 395.1M |
| Free cash flow | -339.6M | -1B | -1.5B | -3.3B | -3.4B | -2.9B | -3.8B |
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 | -630.9M | -653.8M | -680.9M | -643.4M | -992.5M | -397.2M | -366.2M | -539.4M | -978.4M | -814M | -1B | -1B |
| Depreciation & amortization | 60.8M | 67.5M | 68.8M | 66.2M | 69.5M | 90.8M | 98M | 111.1M | 120.1M | 122.1M | 116.4M | 122.2M |
| Stock-based compensation | 68.2M | 63.9M | 63.7M | 57M | 88.1M | 77.1M | 27.5M | 56.3M | 115.1M | 72.4M | 61M | 46.6M |
| Change in working capital | -166.7M | -113.2M | -76.1M | -67.1M | -77.5M | -131.6M | -54M | -401.5M | -255.2M | -333.4M | -574.5M | -566.4M |
| Operating cash flow | -636.3M | -537.8M | -609.6M | -564.7M | -896.1M | -344.5M | -274.5M | -830.2M | -756.6M | -916.4M | -1.2B | -1.2B |
| Capital expenditure | -192.5M | -272.6M | -198.2M | -234.3M | -159.7M | -291.6M | -161.2M | — | — | — | — | — |
| Investing cash flow | -1.1B | 652.1M | 317.5M | -311.3M | 283.7M | -1.6B | 614M | 876.7M | 452M | 240.7M | 1.1B | -28.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | -3.2M | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 32.9M | 16.2M | 995.7M | -9.5M | 718.2M | 1.8B | 62.3M | 65.4M | 375.4M | 477.3M | 32.5M | 493.5M |
| Net change in cash | -1.7B | 130.6M | 703.6M | -885.5M | 105.8M | -107.7M | 401.8M | 111.8M | 70.7M | -198.4M | -24.8M | -757.3M |
| Free cash flow | -706.1M | -747.2M | -714.9M | -741.3M | -622.5M | -824.8M | -589.9M | -1B | -955.5M | -1.2B | -1.4B | -1.5B |