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 | — | — | — | — | $90.2T | — |
| FY24 | — | — | — | — | $44T | — |
| FY23 | — | — | — | — | $27.9T | — |
| FY22 | — | — | — | — | $15T | — |
| FY21 | — | — | — | — | $16T | — |
| FY20 | — | — | — | — | $13.7T | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $13.7T | $16T | $15T | $27.9T | $44T | $90.2T |
| YoY change | — | +17.1% | -6.63% | +86.5% | +57.8% | +104.9% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | 13.7T | 16T | 15T | 27.9T | 44T | 90.2T |
| Cost of revenue | 20.4T | 25.3T | 27.2T | 41.2T | 69.3T | 131.1T |
| Gross profit | -6.7T | -9.3T | -12.3T | -13.3T | -25.3T | -40.9T |
| Gross margin | -48.9% | -57.7% | -82% | -47.8% | -57.4% | -45.4% |
| Research & development | 3.9T | 9.3T | 19.9T | 14.5T | 10T | 9.9T |
| Selling, general & administrative | 2.6T | 4.6T | 9.2T | 10.9T | 16.9T | 21.2T |
| Operating expenses | 6.6T | 18.3T | 29.2T | 26.7T | 28.8T | 32.6T |
| Operating income | -13.3T | -27.6T | -41.5T | -40T | -54.1T | -73.5T |
| Operating margin | -97.3% | -172.2% | -277.1% | -143.4% | -122.8% | -81.5% |
| Non-operating income, net | -1.2T | -257.1B | 445.6B | -5.4T | -4.8T | -4T |
| Pretax income | -18.9T | -32T | -48.9T | -57.3T | -77.4T | -99.2T |
| Income tax | 87.8B | 209.2B | 946.7B | 89.1B | -29.7B | 357.3B |
| Net income | -19T | -32.2T | -49.8T | -57.4T | -77.4T | -99.6T |
| Net margin | -138.4% | -201% | -333.1% | -205.8% | -175.7% | -110.4% |
| EBITDA | -9.7T | -23.5T | -37.2T | -36.6T | -47.1T | -66.5T |
| EPS | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.9T | 8.3T | 10.5T | 6.5T | 331.4M | 467.4M | 16.5T | 16.3T | 16.6T | 18.1T | 39.2T | 23.1T |
| Cost of revenue | 11.3T | 10.5T | 14.8T | 10.4T | 539.2M | 579.6M | 29.6T | 22T | 23.4T | 28.3T | 57.3T | 40.1T |
| Gross profit | -3.4T | -2.2T | -4.2T | -3.8T | -207.8M | -112.2M | -13.1T | -5.7T | -6.8T | -10.2T | -18.2T | -17T |
| Gross margin | -42.5% | -27% | -40.2% | -58.7% | -62.7% | -24% | -79.1% | -35.2% | -41.1% | -56.2% | -46.4% | -73.6% |
| Research & development | 3.5T | 3.6T | 2.7T | 2.6T | 101.8M | 79.3M | 2.7T | 2T | 2.3T | 2.7T | 2.9T | 2.5T |
| Selling, general & administrative | 2.8T | 2.8T | 3.2T | 3.1T | 146.7M | 131.3M | 6.5T | 3.8T | 3.4T | 4.3T | 9.7T | 2.5T |
| Operating expenses | 6.4T | 7T | 6.5T | 6.2T | 304.3M | 195.8M | 9.5T | 6.3T | 6.3T | 7.2T | 12.7T | 5.9T |
| Operating income | -9.8T | -9.2T | -10.8T | -10T | -512.1M | -308M | -22.5T | -12.1T | -13.1T | -17.4T | -30.9T | -22.9T |
| Operating margin | -123.4% | -111.2% | -102.3% | -153.7% | -154.5% | -65.9% | -136.5% | -74% | -79% | -96.1% | -78.9% | -98.9% |
| Non-operating income, net | -599.5B | -2.5T | -1.6T | -611.3B | -37.6M | -9.1M | -3T | -610.3B | -1.5T | -514.9B | -1.4T | -265.9B |
| Pretax income | -13.5T | -15.5T | -15.7T | -14.8T | -714.6M | -503.5M | -30.6T | -17.7T | -20.1T | -23.8T | -37.6T | -28.1T |
| Income tax | -21B | 13B | 97.7B | -32.9B | 2.7M | -1M | -40.2B | -4.7B | 233.7B | 173.6B | -45.2B | -33.1B |
| Net income | -13.4T | -15.5T | -15.8T | -14.7T | -717.3M | -502.5M | -30.6T | -17.7T | -20.3T | -24T | -37.5T | -28.1T |
| Net margin | -169% | -188.3% | -150.1% | -225.9% | -216.4% | -107.5% | -185.5% | -108.5% | -122.5% | -132.7% | -95.8% | -121.6% |
| EBITDA | -8T | -7.1T | -11.9T | -7.9T | -409.9M | -203.2M | -23.1T | -9.2T | -10.5T | -14.6T | -32.2T | -19.7T |
| EPS | — | — | — | — | — | — | — | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — | — | — | — | — | — | — | — |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 0 |
| Enterprise value | — | — | — | — | — | — | 122.6T |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| P/S | — | — | — | — | — | — | 0 |
| EV/EBITDA | — | — | — | — | — | — | -1.84 |
| EV/Sales | — | — | — | — | — | — | 1.36 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | -48.9% | -57.7% | -82% | -47.8% | -57.4% | -45.4% | -73.6% |
| Operating margin | -97.3% | -172.2% | -277.1% | -143.4% | -122.8% | -81.5% | -90.8% |
| Net margin | -138.4% | -201% | -333.1% | -205.8% | -175.7% | -110.4% | -113.2% |
| ROE | -306.6% | 41.9% | 135.9% | 87.1% | 81.5% | 107.8% | 107.6% |
| ROA | -20.4% | -37.8% | -43.9% | -43.6% | -49.6% | -54.5% | -30.7% |
| ROIC | -22.3% | 654.7% | -150.5% | -83.5% | -114.1% | -270.5% | 522.9% |
| Return on tangible assets | -22.6% | -41.1% | -45.3% | -44.5% | -50.3% | -55.3% | -60.2% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 1.02 | 0.31 | 0.68 | 0.35 | 0.38 | 0.52 | 0.48 |
| Quick ratio | 0.75 | 0.23 | 0.35 | 0.14 | 0.22 | 0.31 | 0.27 |
| Debt / equity | 8.78 | -0.98 | -1.87 | -1.79 | -1.54 | -1.41 | -0.01 |
| Debt / assets | 0.58 | 0.89 | 0.6 | 0.9 | 0.94 | 0.71 | 0.5 |
| Net debt / EBITDA | -5.53 | -3.1 | -1.73 | -3.11 | -3.02 | -1.8 | -1.09 |
| Interest coverage | -4.1 | -8.3 | -7.31 | -5.4 | -3.94 | -4.73 | -5.3 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Book value per share | — | — | — | — | — | — | -64.5K |
| FCF per share | — | — | — | — | — | — | -0.88 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 70.4% | 37.2% | 108.7% | 85.8% | 37.8% | — | — |
| Capex / operating cash flow | -90% | -15.8% | -36.6% | -33.4% | -26.7% | — | — |
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Revenue | $7.9T | $8.3T | $10.5T | $6.5T | $331.4M | $467.4M | $16.5T | $16.3T | $16.6T | $18.1T | $39.2T | $23.1T |
| YoY change | +131.1% | +159.4% | +135.9% | +232.1% | -100% | -100% | +56.6% | +149.9% | +5M% | +3.9M% | +137.4% | +41.7% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 828.8B | 3T | 4.3T | 4T | 4.1T | 10.4T |
| Receivables | 299B | 428.6B | 652.9B | 464.5B | 5.6T | 4.7T |
| Inventory | 5.4T | 6.7T | 21.6T | 29.3T | 27.9T | 34.9T |
| Total current assets | 20.4T | 26.7T | 44.8T | 49T | 64.8T | 85.4T |
| Property, plant & equipment | 37.5T | 39.7T | 43.5T | 54T | 57.5T | 56T |
| Goodwill & intangibles | 9.1T | 6.9T | 3.5T | 2.6T | 2.3T | 2.4T |
| Total assets | 92.9T | 85.3T | 113.6T | 131.6T | 156T | 182.6T |
| Accounts payable | 2.7T | 3.2T | 16.6T | 11.1T | 20.8T | 32.6T |
| Short-term debt | 7.6T | 16.5T | 16.1T | 80T | 95.5T | 64.8T |
| Total current liabilities | 20T | 87.3T | 66.2T | 138.8T | 171.5T | 164.8T |
| Long-term debt | 46.7T | 59.3T | 52.4T | 37.9T | 50.9T | 65.2T |
| Total liabilities | 86.7T | 162.3T | 150.3T | 197.6T | 250.9T | 275T |
| Shareholders' equity | 6.2T | -76.9T | -36.7T | -66T | -94.9T | -92.4T |
| Total debt | 54.3T | 75.8T | 68.5T | 117.9T | 146.4T | 130T |
| Net debt | 53.5T | 72.7T | 64.2T | 113.9T | 143.1T | 122.6T |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 1.6T | 3.2T | 4T | 3T | 91.2M | 71.9M | 4.1T | 4.5T | 16.3T | 11.6T | 10.4T | 7.9T |
| Receivables | 355.7B | 1.2T | 464.5B | 526.9B | 40.2M | 106.2M | 5.6T | 3T | 2.9T | 2.8T | 4.7T | 5.9T |
| Inventory | 24T | 24.4T | 29.3T | 26.7T | 1.1B | 1.2B | 27.9T | 32.9T | 35T | 37.7T | 34.9T | 37.2T |
| Total current assets | 39.2T | 46.8T | 49T | 47.1T | 2B | 2.1B | 64.8T | 67.9T | 86T | 87.8T | 85.4T | 83.7T |
| Property, plant & equipment | 70.2T | 70.6T | 54T | 87.9T | 3.3B | 3.3B | 57.5T | 82.8T | 89T | 88.7T | 56T | 89.3T |
| Goodwill & intangibles | 3.6T | 3.6T | 2.6T | 1.3T | 46.7M | 44.4M | 2.3T | 2.2T | 2.1T | 2.1T | 2.4T | 2.3T |
| Total assets | 116.8T | 124.8T | 131.6T | 145.6T | 5.7B | 5.8B | 156T | 158.2T | 181.5T | 183.2T | 182.6T | 185.2T |
| Accounts payable | 16T | 10.6T | 11.1T | 7.7T | 413.3M | 543.1M | 20.8T | 19.9T | 22T | 28.3T | 32.6T | 37.2T |
| Short-term debt | 16.5T | 22.5T | 80T | 50.3T | 1.9B | 1.9B | 95.5T | 35.8T | 32.8T | 34.8T | 64.8T | 37.7T |
| Total current liabilities | 91.7T | 98.8T | 138.8T | 159.6T | 6.2B | 6.4B | 171.5T | 178.2T | 184.4T | 174.3T | 164.8T | 175.4T |
| Long-term debt | 45.8T | 50.7T | 37.9T | 29.9T | 1.1B | 976.2M | 50.9T | 30.2T | 49.9T | 52.9T | 65.2T | 54T |
| Total liabilities | 180.2T | 189.4T | 197.6T | 225.6T | 8.8B | 9.4B | 250.9T | 256.1T | 281.7T | 282.5T | 275T | 285.2T |
| Shareholders' equity | -63.3T | -64.5T | -66T | -80T | -3.1B | -3.6B | -94.9T | -97.9T | -100.2T | -99.3T | -92.4T | -100T |
| Total debt | 62.3T | 73.2T | 117.9T | 80.2T | 3B | 2.9B | 146.4T | 66T | 82.6T | 87.7T | 130T | 91.7T |
| Net debt | 60.7T | 70.1T | 113.9T | 77.3T | 2.9B | 2.8B | 143.1T | 63.6T | 68.8T | 78.9T | 122.6T | 86.2T |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income | -19T | -32.2T | -49.8T | -57.5T | -77.4T | -99.6T |
| Depreciation & amortization | 4.3T | 4.9T | 6.3T | 6.3T | 9.9T | 11.5T |
| Stock-based compensation | — | 0 | 0 | 150.1B | 81.7B | 111.6B |
| Change in working capital | 3.8T | -10.7T | -2.2T | -21.8T | 4T | 2.8T |
| Operating cash flow | -10.7T | -37.6T | -44.4T | -71.7T | -62.2T | -44.5T |
| Capital expenditure | -9.6T | -6T | -16.3T | -23.9T | -16.6T | — |
| Investing cash flow | -1.8T | 2.2T | -16T | -23T | -16T | -7.8T |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — |
| Financing cash flow | 10.5T | 28.9T | 52.9T | 77.4T | 49T | 77.2T |
| Net change in cash | -2.1T | -6.6T | -7.5T | -17.3T | -29.2T | 24.9T |
| Free cash flow | -19T | -35T | -53.3T | -78.6T | -47.2T | -67.4T |
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 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -13.4T | -15.5T | -15.8T | — | — | — | -30.6T | — | -20.3T | -24T | -37.5T | -28.1T |
| Depreciation & amortization | 1.6T | 2T | 1.8T | — | — | — | 2.6T | — | 2.7T | 2.8T | 3.2T | 3T |
| Stock-based compensation | 2.8B | 0 | — | — | — | — | 10.8B | — | 9.5B | 76.6B | 39.1B | — |
| Change in working capital | 4.4T | -10.6T | 456.2B | — | — | — | 10.2T | — | -1.8T | 3.4T | 8.3T | -3.2T |
| Operating cash flow | -7.2T | -23.8T | -13.2T | — | — | — | -17.9T | — | -11.6T | -11.2T | -6.6T | -13.4T |
| Capital expenditure | -8.4T | -4.7T | -4.8T | — | — | — | -6.1T | — | — | — | — | — |
| Investing cash flow | 1.5T | -5.8T | -4.5T | — | — | — | -6.5T | — | -2.6T | -2.8T | -3.7T | -789.9B |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -11.7T | 24.3T | -11.7T | — | — | — | 17.1T | — | 31.6T | 12.7T | -48.7T | 16.7T |
| Net change in cash | -17.4T | -5.3T | -29.4T | — | — | — | -7.4T | — | 17.4T | -1.2T | -59T | 2.5T |
| Free cash flow | -11.1T | -25.7T | -12.9T | — | — | — | -5.1T | — | -16.9T | -17.8T | -14T | -18.3T |