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 | -$0.02 | -$0.03 | -50.0% | — | $883M | — |
| Q4 25 | -$0.09 | -$0.07 | +22.2% | — | $736M | — |
| Q3 25 | -$0.07 | -$0.08 | -14.3% | — | $915M | — |
| Q2 25 | -$0.02 | -$0.01 | +50.0% | — | $1.6B | — |
| Q1 25 | -$0.1 | -$0.09 | +10.0% | — | $1.2B | — |
| Q4 24 | -$0.14 | -$0.11 | +21.4% | — | $1.1B | — |
| Q3 24 | -$0.13 | -$0.1 | +23.1% | — | $1.4B | — |
| Q2 24 | -$0.09 | -$0.04 | +55.6% | — | $1.5B | — |
| Q1 24 | -$0.16 | -$0.12 | +25.0% | — | $1.2B | — |
| Q4 23 | -$0.19 | -$0.14 | +26.3% | — | $870M | — |
| Q3 23 | -$0.15 | -$0.11 | +26.7% | — | $980M | — |
| Q2 23 | -$0.38 | -$0.3 | +21.1% | — | $2B | — |
| Q1 23 | -$0.66 | -$0.64 | +3.0% | — | $3.1B | — |
| Q4 22 | -$0.73 | -$0.51 | +30.1% | — | $2.9B | — |
| Q3 22 | -$0.52 | -$0.52 | 0.0% | — | $3.4B | — |
| Q2 22 | $0.08 | $0.19 | +137.5% | — | $4.2B | — |
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 | — | -$1.7 | — | — | $4.4B | — |
| FY24 | — | -$0.56 | — | — | $5.2B | — |
| FY23 | — | -$0.42 | — | — | $6.9B | — |
| FY22 | — | -$2.16 | — | — | $15.6B | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $4.7B | $2.6B | $8B | $15.6B | $6.9B | $5.2B | $4.4B |
| YoY change | — | +157.9% | -45.5% | +210.5% | +94.1% | -55.4% | -25.8% | -15.2% |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.8B | 4.7B | 2.6B | 8B | 15.6B | 6.9B | 5.2B | 4.4B |
| Cost of revenue | 1.7B | 4.4B | 2.4B | 7.3B | 14.9B | 6.5B | 4.7B | 4B |
| Gross profit | 133.4M | 301M | 220M | 730M | 667M | 487M | 433M | 350M |
| Gross margin | 7.26% | 6.35% | 8.52% | 9.1% | 4.28% | 7.01% | 8.4% | 8.01% |
| Research & development | 28.5M | 51M | 58M | 134M | 169M | 167M | 141M | 79M |
| Selling, general & administrative | 268.6M | 498M | 348M | 1.2B | 1.4B | 692M | 595M | 548M |
| Operating expenses | 297.1M | 549M | 406M | 1.3B | 1.5B | 859M | 736M | 627M |
| Operating income | -163.7M | -248M | -186M | -568M | -854M | -372M | -303M | -277M |
| Operating margin | -8.9% | -5.23% | -7.2% | -7.08% | -5.49% | -5.36% | -5.88% | -6.34% |
| Non-operating income, net | -15.4M | 19M | 1M | 50M | -112M | 309M | 45M | -892M |
| Pretax income | -239.6M | -339M | -253M | -661M | -1.4B | -274M | -391M | -1.3B |
| Income tax | 377K | 0 | 0 | 1M | 2M | 1M | 1M | 0 |
| Net income | -239.9M | -339M | -253M | -662M | -1.4B | -275M | -392M | -1.3B |
| Net margin | -13.1% | -7.15% | -9.79% | -8.25% | -8.69% | -3.96% | -7.61% | -29.7% |
| EBITDA | -148.3M | -196M | -119M | -475M | -774M | -193M | -186M | -189M |
| EPS | -0.46 | -0.63 | -2.62 | -1.12 | -2.16 | -0.42 | -0.56 | -1.7 |
| Diluted EPS | -0.46 | -0.63 | -2.62 | -1.12 | -2.16 | -0.42 | -0.56 | -1.7 |
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 | 980M | 870M | 1.2B | 1.5B | 1.4B | 1.1B | 1.2B | 1.6B | 915M | 736M | 720M | 883M |
| Cost of revenue | 884M | 798M | 1.1B | 1.4B | 1.3B | 999M | 1.1B | 1.4B | 849M | 679M | 648M | 797M |
| Gross profit | 96M | 72M | 114M | 129M | 105M | 85M | 99M | 128M | 66M | 57M | 72M | 86M |
| Gross margin | 9.8% | 8.28% | 9.65% | 8.54% | 7.63% | 7.84% | 8.59% | 8.17% | 7.21% | 7.74% | 10% | 9.74% |
| Research & development | 42M | 46M | 41M | 37M | 30M | 33M | 21M | 21M | 19M | 18M | 24M | 27M |
| Selling, general & administrative | 133M | 137M | 160M | 164M | 142M | 129M | 131M | 114M | 114M | 189M | 207M | 200M |
| Operating expenses | 175M | 183M | 201M | 201M | 172M | 162M | 152M | 135M | 133M | 207M | 231M | 227M |
| Operating income | -79M | -111M | -87M | -72M | -67M | -77M | -53M | -7M | -67M | -150M | -159M | -141M |
| Operating margin | -8.06% | -12.8% | -7.37% | -4.77% | -4.87% | -7.1% | -4.6% | -0.45% | -7.32% | -20.4% | -22.1% | -16% |
| Non-operating income, net | 20M | 57M | 15M | 11M | 23M | -4M | 1M | 14M | 12M | -919M | 9M | 8M |
| Pretax income | -106M | -91M | -109M | -91M | -78M | -113M | -85M | -29M | -89M | -1.1B | -173M | -162M |
| Income tax | 0 | 0 | 0 | 1M | 0 | 0 | 0 | 0 | 1M | -1M | 0 | 0 |
| Net income | -106M | -91M | -109M | -92M | -78M | -113M | -85M | -29M | -90M | -1.1B | -173M | -162M |
| Net margin | -10.8% | -10.5% | -9.23% | -6.09% | -5.66% | -10.4% | -7.37% | -1.85% | -9.84% | -148.9% | -24% | -18.3% |
| EBITDA | -47M | -67M | -56M | -47M | -32M | -51M | -38M | 15M | -41M | -125M | -141M | -121M |
| EPS | -0.16 | — | -0.16 | -0.13 | -0.11 | -0.16 | -0.12 | -0.04 | -0.12 | -1.26 | -0.18 | -0.17 |
| Diluted EPS | -0.16 | — | -0.16 | -0.13 | -0.11 | -0.16 | -0.12 | -0.04 | -0.12 | -1.26 | -0.18 | -0.17 |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 727.4M | 2.9B | 1.1B | 4.5B | 2.3B |
| Enterprise value | — | — | — | — | 4.8B | 4.4B | 2.8B | 4.8B | 3.6B |
| Shares outstanding | 544.4M | 544.4M | 109.3M | 592.6M | 627.1M | 657.1M | 699.5M | 766.5M | 766.5M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | -1.43 |
| P/S | — | — | — | — | 0.05 | 0.42 | 0.22 | 1.02 | 0.73 |
| P/B | — | — | — | — | 0.67 | 3.04 | 1.57 | 4.45 | 2.61 |
| EV/EBITDA | — | — | — | — | -6.26 | -22.8 | -14.8 | -25.5 | -7.52 |
| EV/Sales | — | — | — | — | 0.31 | 0.63 | 0.54 | 1.1 | 1.09 |
| Earnings yield | — | — | — | — | — | — | — | — | -69.8% |
| FCF yield | — | — | — | — | 95.3% | 78.4% | -55.4% | 23.2% | 2.08% |
| PEG | — | — | — | — | — | — | — | — | -0 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 7.26% | 6.35% | 8.52% | 9.1% | 4.28% | 7.01% | 8.4% | 8.01% | 9.74% |
| Operating margin | -8.9% | -5.23% | -7.2% | -7.08% | -5.49% | -5.36% | -5.88% | -6.34% | -15.9% |
| Net margin | -13.1% | -7.15% | -9.79% | -8.25% | -8.69% | -3.96% | -7.61% | -29.7% | -46.7% |
| ROE | — | 46.2% | -16.3% | -29.4% | -124.6% | -28.4% | -55% | -129.4% | -196.9% |
| ROA | — | -15.2% | -11.6% | -6.96% | -20.5% | -7.71% | -12.5% | -54% | -10.9% |
| ROIC | — | -78.4% | -29% | -7.95% | -16.4% | -15.3% | -12.9% | -20.3% | -26.1% |
| Return on tangible assets | — | -15.8% | -12.1% | -7.07% | -20.6% | -7.75% | -12.6% | -54.1% | -51.5% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 1.85 | 5.22 | 2.12 | 4.3 | 49.2 | 5.67 | 7.03 | 2.94 |
| Quick ratio | — | 0.69 | 4.04 | 0.74 | 1.33 | 23.9 | 1.58 | 4.2 | 1.04 |
| Debt / equity | — | -2.04 | 0.35 | 3.16 | 4.97 | 2.62 | 3.25 | 1.31 | 2.15 |
| Debt / assets | — | 0.67 | 0.25 | 0.75 | 0.82 | 0.71 | 0.74 | 0.55 | 0.66 |
| Net debt / EBITDA | — | -5.35 | 7.66 | -10.3 | -5.32 | -7.6 | -8.81 | -1.89 | -2.5 |
| Interest coverage | -2.96 | -2.08 | -2.72 | -3.62 | -2.51 | -0.3 | -1.94 | -8.92 | -12.3 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 3.38 | 8.71 | 23.6 | 13.5 | 24.8 | 10.6 | 7.37 | 5.7 | 3.68 |
| EPS (basic) | -0.46 | -0.63 | -2.62 | -1.12 | -2.16 | -0.42 | -0.56 | -1.7 | -1.7 |
| EPS (diluted) | -0.46 | -0.63 | -2.62 | -1.12 | -2.16 | -0.42 | -0.56 | -1.7 | -1.89 |
| Book value per share | — | -1.35 | 14.2 | 3.79 | 1.73 | 1.47 | 1.02 | 1.31 | 0.94 |
| FCF per share | -2.2 | -0.55 | 6.08 | -9.84 | 1.11 | 3.51 | -0.89 | 1.35 | -0.49 |
| Cash per share | — | 0.82 | 13.4 | 3.74 | 2.04 | 1.63 | 0.97 | 1.26 | 0.92 |
| Capex per share | 0.04 | 0.05 | 0.16 | 0.06 | 0.06 | 0.06 | 0.04 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.09% | 0.59% | 0.66% | 0.41% | 0.24% | 0.53% | 0.49% | — | — |
| Capex / operating cash flow | -1.67% | -10.4% | 2.41% | -0.57% | 6.09% | 1.44% | -4.22% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.12 |
| — |
| — |
| $8B |
| — |
| FY20 | — | -$2.62 | — | — | $2.6B | — |
| FY19 | — | -$0.63 | — | — | $4.7B | — |
| FY18 | — | -$0.46 | — | — | $1.8B | — |
| 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 | $980M | $870M | $1.2B | $1.5B | $1.4B | $1.1B | $1.2B | $1.6B | $915M | $736M | $720M | $883M |
| YoY change | -70.8% | -69.5% | -62.1% | -23.5% | +40.5% | +24.6% | -2.37% | +3.71% | -33.6% | -32.1% | -37.6% | -43.7% |
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 | 448.7M | 1.5B | 2.2B | 1.3B | 1.1B | 679M | 962M |
| Receivables | — | — | — | — | — | — | — |
| Inventory | 1.3B | 466M | 6.1B | 4.5B | 1.8B | 2.2B | 925M |
| Total current assets | 2.1B | 2.1B | 9.3B | 6.5B | 3.4B | 3B | 2.3B |
| Property, plant & equipment | 95.3M | 79M | 87M | 99M | 91M | 66M | 35M |
| Goodwill & intangibles | 86.7M | 80M | 144M | 32M | 18M | 6M | 6M |
| Total assets | 2.2B | 2.2B | 9.5B | 6.6B | 3.6B | 3.1B | 2.4B |
| Accounts payable | 6.5M | 3M | 3M | 5M | 2M | 9M | 0 |
| Short-term debt | 1.1B | 367M | 4.3B | 1.4B | 5M | 434M | 246M |
| Total current liabilities | 1.1B | 393M | 4.4B | 1.5B | 70M | 529M | 327M |
| Long-term debt | 410.5M | 183M | 2.9B | 4B | 2.5B | 1.9B | 1.1B |
| Total liabilities | 3B | 623M | 7.3B | 5.5B | 2.6B | 2.4B | 1.4B |
| Shareholders' equity | -733.1M | 1.6B | 2.2B | 1.1B | 967M | 713M | 1B |
| Total debt | 1.5B | 550M | 7.1B | 5.4B | 2.5B | 2.3B | 1.3B |
| Net debt | 1.1B | -863M | 5.4B | 4.3B | 1.5B | 1.6B | 358M |
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 | 1.2B | 1.1B | 990M | 809M | 837M | 679M | 559M | 789M | 962M | 962M | 999M | 896M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | 1.3B | 1.8B | 1.9B | 2.2B | 2.1B | 2.2B | 2.4B | 1.5B | 1.1B | 925M | 1.1B | 1.8B |
| Total current assets | 3.8B | 3.4B | 3.3B | 3.2B | 3.3B | 3B | 3.2B | 2.8B | 2.6B | 2.3B | 2.2B | 2.9B |
| Property, plant & equipment | 95M | 91M | 89M | 94M | 84M | 66M | 61M | 46M | 40M | 35M | 33M | 34M |
| Goodwill & intangibles | 22M | 18M | 16M | 12M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M |
| Total assets | 3.9B | 3.6B | 3.4B | 3.4B | 3.4B | 3.1B | 3.3B | 2.9B | 2.7B | 2.4B | 2.3B | 3B |
| Accounts payable | 67M | 2M | 69M | 73M | 71M | 9M | 102M | 86M | 91M | 0 | 53M | 78M |
| Short-term debt | 6M | 5M | 4M | 319M | 647M | 434M | 948M | 552M | 814M | 246M | 262M | 887M |
| Total current liabilities | 74M | 70M | 74M | 393M | 721M | 529M | 1.1B | 643M | 914M | 327M | 317M | 968M |
| Long-term debt | 2.9B | 2.5B | 2.4B | 2.1B | 1.9B | 1.9B | 1.6B | 1.6B | 973M | 1.1B | 1.1B | 1.1B |
| Total liabilities | 2.9B | 2.6B | 2.5B | 2.5B | 2.6B | 2.4B | 2.6B | 2.3B | 1.9B | 1.4B | 1.4B | 2B |
| Shareholders' equity | 1B | 967M | 899M | 845M | 801M | 713M | 645M | 631M | 811M | 1B | 954M | 914M |
| Total debt | 2.9B | 2.5B | 2.4B | 2.5B | 2.5B | 2.3B | 2.5B | 2.2B | 1.8B | 1.3B | 1.3B | 2B |
| Net debt | 1.7B | 1.5B | 1.5B | 1.7B | 1.7B | 1.6B | 2B | 1.4B | 825M | 358M | 339M | 1.1B |
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 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -239.9M | -339M | -253M | -662M | -1.4B | -275M | -392M | -1.3B |
| Depreciation & amortization | 12.8M | 39M | 63M | 55M | 90M | 72M | 53M | 46M |
| Stock-based compensation | 8.4M | 13M | 38M | 536M | 171M | 126M | 114M | 159M |
| Change in working capital | -1B | -16.1M | 850.4M | -5.7B | 954M | 2.6B | -431M | 1.2B |
| Operating cash flow | -1.2B | -270.1M | 705.4M | -5.8B | 608M | 2.6B | -592M | 1B |
| Capital expenditure | -20M | -28M | -17M | -33M | -37M | -37M | -25M | — |
| Investing cash flow | -7.4M | -95M | -22M | -475M | 234M | 44M | 28M | 0 |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | -45.8M | -3M | 0 | 0 | — | — | — | — |
| Financing cash flow | 313.1M | 622M | 32M | 7.4B | -1.8B | -2.6B | -215M | -505M |
| Net change in cash | -894.2M | 256.9M | 715.4M | 1.2B | -922M | -31M | -779M | 544M |
| Free cash flow | -1.2B | -300M | 665M | -5.8B | 693M | 2.3B | -620M | 1B |
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 | -106M | -91M | -109M | -92M | -78M | -113M | -85M | -29M | -90M | -1.1B | -173M | -162M |
| Depreciation & amortization | 12M | 17M | 16M | 13M | 12M | 12M | 11M | 12M | 12M | 11M | 8M | 9M |
| Stock-based compensation | 31M | 32M | 33M | 33M | 25M | 23M | 14M | 13M | 27M | 105M | 120M | 119M |
| Change in working capital | -188M | -481M | -129M | -391M | 100M | -11M | -235M | 810M | 464M | 118M | -214M | -702M |
| Operating cash flow | -227M | -505M | -180M | -402M | 71M | -82M | -282M | 823M | 435M | 70M | -246M | -718M |
| Capital expenditure | -11M | -9M | -8M | -8M | -6M | -3M | -4M | — | — | — | — | — |
| Investing cash flow | 3M | -4M | 22M | 9M | 2M | -3M | 2M | 0 | -6M | 0 | 0 | 0 |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -214M | -293M | -100M | 15M | 78M | -208M | 206M | -329M | -403M | -218M | 15M | 623M |
| Net change in cash | -438M | -802M | -258M | -378M | 151M | -293M | -74M | 494M | 26M | -148M | -231M | -95M |
| Free cash flow | -227M | -551M | -186M | -407M | 56M | -83M | -283M | 821M | 432M | 67M | -250M | -723M |