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 | -$0.29 | -$0.09 | +69.0% | — | $7.8B | — |
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 | — | -$0.51 | — | — | $18.7B | — |
| FY24 | — | $0 | — | — | $14B | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY24 | FY25 |
|---|---|---|
| Revenue | $14B | $18.7B |
| YoY change | — | +33.2% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q1 25 | Q2 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|
| Revenue | $4.1B | $4.1B | $4.7B | $7.8B |
| YoY change | — | — | +15.4% | +91.9% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY24 | FY25 |
|---|---|---|
| Revenue | 14B | 18.7B |
| Cost of revenue | 8B | 9.5B |
| Gross profit | 6B | 9.2B |
| Gross margin | 42.9% | 49.4% |
| Research & development | 3.5B | 8.6B |
| Selling, general & administrative | 1.8B | 2.6B |
| Operating expenses | 5.3B | 11.3B |
| Operating income | 742M | -2.1B |
| Operating margin | 5.29% | -11.1% |
| Non-operating income, net | 709M | -702M |
| Pretax income | 242M | -4.2B |
| Income tax | -549M | 718M |
| Net income | 791M | -4.9B |
| Net margin | 5.64% | -26.4% |
| EBITDA | 5.9B | 5B |
| EPS | 0 | -0.51 |
| Diluted EPS | 0 | -0.51 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q1 25 | Q2 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|
| Revenue | 4.1B | 4.1B | 4.7B | 7.8B |
| Cost of revenue | — | 2.3B | 2.4B | 3.5B |
| Gross profit | — | 1.8B | 2.3B | 4.3B |
| Gross margin | — | 43.9% | 49.1% | 55.3% |
| Research & development | — | 2B | 3.5B | 3.5B |
| Selling, general & administrative | — | 606M | 746M | 912M |
| Operating expenses | — | 2.6B | 4.3B | 4.5B |
| Operating income | — | -775M | -2B | -141M |
| Operating margin | — | -19% | -41.6% | -1.8% |
| Non-operating income, net | — | 218M | -1.9B | -88M |
| Pretax income | — | -870M | -4.3B | -518M |
| Income tax | — | 138M | 6M | 23M |
| Net income | — | -1B | -4.3B | -541M |
| Net margin | — | -24.8% | -91.1% | -6.92% |
| EBITDA | — | 1.3B | -1.2B | 3B |
| EPS | -0.05 | -0.34 | -0.41 | -0.09 |
| Diluted EPS | -0.05 | -0.34 | -0.41 | -0.09 |
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 | FY24 | FY25 |
|---|---|---|
| Cash & short-term investments | 12.2B | 24.7B |
| Receivables | 1.1B | 1.6B |
| Inventory | 2B | 2.4B |
| Total current assets | 16.1B | 31B |
| Property, plant & equipment | 22.8B | 43.9B |
| Goodwill & intangibles | 30.2B | 30B |
| Total assets | 57.1B | 92.1B |
| Accounts payable | 4.4B | 11.8B |
| Short-term debt | 754M | 1.4B |
| Total current liabilities | 11.8B | 21.4B |
| Long-term debt | 13.4B | 22B |
| Total liabilities | 31.3B | 50.8B |
| Shareholders' equity | 25.8B | 41.3B |
| Total debt | 14.2B | 23.3B |
| Net debt | 2.8B | -1.4B |
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 | Q1 26 | Q2 26 |
|---|---|---|
| Cash & short-term investments | 23.7B | 100B |
| Receivables | 1.8B | 3.6B |
| Inventory | 2.6B | 2.7B |
| Total current assets | 29.7B | 108B |
| Property, plant & equipment | 55.1B | 66.9B |
| Goodwill & intangibles | 28.8B | 28.1B |
| Total assets | 102.1B | 192.7B |
| Accounts payable | 10B | 8.2B |
| Short-term debt | 1.9B | 2.9B |
| Total current liabilities | 24.4B | 21.1B |
| Long-term debt | 28.7B | 36.8B |
| Total liabilities | 60.5B | 65.5B |
| Shareholders' equity | 41.6B | 127.2B |
| Total debt | 30.6B | 39.7B |
| Net debt | 14.8B | -53.8B |
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 | FY24 | FY25 |
|---|---|---|
| Net income | 791M | -4.9B |
| Depreciation & amortization | 3.8B | 6.7B |
| Stock-based compensation | 784M | 1.9B |
| Change in working capital | 2B | 2.8B |
| Operating cash flow | 5.8B | 6.8B |
| Capital expenditure | 0 | -169M |
| Investing cash flow | 367M | 1.2B |
| Dividends paid | — | — |
| Share repurchases | -1B | -1.1B |
| Financing cash flow | 11.6B | 26B |
| Net change in cash | 17.7B | 34B |
| Free cash flow | -5.4B | -14.1B |
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 | Q1 25 | Q2 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|
| Net income | -528M | -1B | -4.3B | -541M |
| Depreciation & amortization | 1.4B | 1.5B | 2.4B | 2.8B |
| Stock-based compensation | 232M | 462M | 639M | 831M |
| Change in working capital | -601M | 901M | 448M | -1.1B |
| Operating cash flow | 727M | -376M | 1B | 2.4B |
| Capital expenditure | 0 | -22M | -7M | -13M |
| Investing cash flow | -30M | 1B | -6.6B | 1.5B |
| Dividends paid | — | — | — | — |
| Share repurchases | -508M | -12M | -4.3B | -80M |
| Financing cash flow | 321M | 8.7B | 7B | 93B |
| Net change in cash | 1B | 9.4B | 1.4B | 96.8B |
| Free cash flow | -3.4B | -3.2B | -9.1B | -16.8B |
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 | FY24 | FY25 | Current |
|---|---|---|---|
| Market cap | — | — | 1.9T |
| Enterprise value | — | — | 3.8T |
| Shares outstanding | 10.6B | 9.6B | 9.6B |
| Metric | FY24 | FY25 | Current |
|---|---|---|---|
| P/E | — | — | -285.3 |
| P/S | — | — | 83.2 |
| P/B | — | — | 15.1 |
| EV/EBITDA | — | — | 640.1 |
| EV/Sales | — | — | 163.8 |
| Earnings yield | — | — | -0.35% |
| FCF yield | — | — | 0.91% |
| PEG | — | — | 83.5 |
| Metric | FY24 | FY25 | Current |
|---|---|---|---|
| Gross margin | 42.9% | 49.4% | 55.3% |
| Operating margin | 5.29% | -11.1% | -1.8% |
| Net margin | 5.64% | -26.4% | -35.7% |
| ROE | 3.07% | -11.9% | -11.9% |
| ROA | 1.39% | -5.36% | -5.36% |
| ROIC | 2.67% | -5.17% | -5.17% |
| Return on tangible assets | 2.94% | -7.95% | -7.95% |
| Metric | FY24 | FY25 | Current |
|---|---|---|---|
| Current ratio | 1.37 | 1.45 | 5.12 |
| Quick ratio | 1.2 | 1.33 | 4.99 |
| Debt / equity | 0.55 | 0.56 | 0.31 |
| Debt / assets | 0.25 | 0.25 | 0.21 |
| Net debt / EBITDA | 0.34 | -0.29 | -12.2 |
| Interest coverage | 1.15 | -1.17 | -1.17 |
| Effective tax rate | 0% | 0% | 0% |
| Metric | FY24 | FY25 | Current |
|---|---|---|---|
| Revenue per share | 1.32 | 1.94 | 5.89 |
| EPS (basic) | 0 | -0.51 | -0.51 |
| EPS (diluted) | 0 | -0.51 | -1.1 |
| Book value per share | 2.43 | 4.28 | 9.66 |
| FCF per share | -0.51 | -1.46 | -5.55 |
| Cash per share | 1.15 | 2.56 | 3.79 |
| Capex per share | 0 | 0.02 | 0.01 |
| Metric | FY24 | FY25 | Current |
|---|---|---|---|
| Capex / revenue | 0% | 0.91% | 0.2% |
| Capex / operating cash flow | 0% | 2.49% | 1.1% |
| Payout ratio | — | — | 0% |