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 | $0.25 | $0.19 | -24.0% | — | $4.3B | — |
| Q1 26 | -$0.11 | $0.32 | +390.9% | — | $2.7B | — |
| Q4 25 | $0.02 | $0.05 | +150.0% | — | $1.7B | — |
| Q3 25 | $0.11 | $0.11 | 0.0% | — | $1.8B | — |
| Q2 25 | $0.17 | $0.16 | -5.9% | — | $2.1B | — |
| Q1 25 | $0.02 | -$0.02 | -200.0% | — | $1.4B | — |
| Q4 24 | -$0.03 | -$0.01 | +66.7% | — | $1.4B | — |
| Q2 24 | $0.06 | $0.11 | +83.3% | — | $1.7B | — |
| Q1 24 | -$0.11 | -$0.08 | +27.3% | — | $1.1B | — |
| Q4 23 | -$0.08 | -$0.09 | -12.5% | — | $1.1B | — |
| Q3 23 | -$0.08 | -$0.08 | 0.0% | — | $1.3B | — |
| Q2 23 | -$0.05 | -$0.1 | -100.0% | — | $1.5B | — |
| Q1 23 | -$0.34 | -$0.33 | +2.9% | — | $957.2M | — |
| Q4 22 | -$0.33 | -$0.36 | -9.1% | — | $1.1B | — |
| Q3 22 | -$0.34 | -$0.28 | +17.6% | — | $1.5B | — |
| Q2 22 | -$0.14 | -$0.2 | -42.9% | — | $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 | — | -$0.1 | — | — | $7B | — |
| FY24 | — | -$0.31 | — | — | $5.6B | — |
| FY23 | — | -$0.69 | — | — | $4.9B | — |
| FY22 | — | -$1.4 | — | — | $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 | $884.7M | $2.4B | $3.7B | $6.4B | $6B | $4.9B | $5.6B | $7B |
| YoY change | — | +169.7% | +55.9% | +72.6% | -6.28% | -18.8% | +15.2% | +23.7% |
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 | 884.7M | 2.4B | 3.7B | 6.4B | 6B | 4.9B | 5.6B | 7B |
| Cost of revenue | 695.4M | 1.9B | 3.1B | 5.3B | 4.9B | 4B | 4.6B | 5.7B |
| Gross profit | 189.3M | 450.4M | 663.9M | 1.1B | 1.1B | 878M | 994.5M | 1.3B |
| Gross margin | 21.4% | 18.9% | 17.8% | 17.3% | 18% | 18% | 17.7% | 18.4% |
| Research & development | 56.7M | 131.3M | 145.6M | 365.3M | 360.3M | 184.5M | 188.8M | 245.8M |
| Selling, general & administrative | 260M | 475.2M | 507.9M | 798.9M | 783.2M | 561.1M | 533.9M | 522.2M |
| Operating expenses | 412.2M | 811.3M | 875.7M | 1.5B | 1.5B | 1.1B | 1.1B | 1.2B |
| Operating income | -237.7M | -401.8M | -263M | -493M | -540.3M | -284.5M | -145.1M | -28.2M |
| Operating margin | -26.9% | -16.8% | -7.07% | -7.68% | -8.98% | -5.82% | -2.58% | -0.41% |
| Non-operating income, net | 8.4M | 12.9M | -8.3M | 100K | -46.3M | -21.9M | -2.9M | -29.7M |
| Pretax income | -229.3M | -388.9M | -271.9M | -495.3M | -590.2M | -317.2M | -154.4M | -66.9M |
| Income tax | -5.5M | -900K | -1.7M | -2.5M | -900K | -400K | -500K | -1.1M |
| Net income | -223.8M | -388M | -270.2M | -494.1M | -601.5M | -320.1M | -154.5M | -58.7M |
| Net margin | -25.3% | -16.3% | -7.26% | -7.7% | -10% | -6.55% | -2.74% | -0.84% |
| EBITDA | -222.9M | -360.9M | -211.8M | -428.6M | -454M | -194.5M | -62.7M | 84.5M |
| EPS | -0.63 | -1.09 | -0.68 | -1.51 | -1.4 | -0.69 | -0.31 | -0.1 |
| Diluted EPS | -0.63 | -1.09 | -0.68 | -1.51 | -1.4 | -0.69 | -0.31 | -0.1 |
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 | 1.3B | 1.1B | 1.1B | 1.7B | 1.5B | 1.4B | 1.4B | 2.1B | 1.8B | 1.7B | 2.7B | 4.3B |
| Cost of revenue | 1.1B | 895.9M | 862.3M | 1.4B | 1.2B | 1.1B | 1.1B | 1.7B | 1.5B | 1.4B | 2B | 3.3B |
| Gross profit | 241.2M | 200.5M | 191.8M | 295.3M | 266.3M | 241.1M | 250.1M | 373.9M | 342.6M | 315.3M | 696M | 1.1B |
| Gross margin | 18% | 18.3% | 18.2% | 17.4% | 17.8% | 17.5% | 18.4% | 18.2% | 18.6% | 18.5% | 25.7% | 24.4% |
| Research & development | 45.8M | 44.4M | 47M | 47.4M | 47.5M | 46.9M | 49.9M | 63.4M | 67.4M | 65.1M | 119M | 109M |
| Selling, general & administrative | 120.9M | 135.3M | 118.1M | 117.8M | 115.6M | 124.9M | 119.2M | 129.7M | 133.9M | 139.4M | 178M | 201M |
| Operating expenses | 249.9M | 259.3M | 244.1M | 248.3M | 247.5M | 259.8M | 265.8M | 302.4M | 312.4M | 316.8M | 695M | 739M |
| Operating income | -30M | -80.3M | -73.1M | 25.6M | -1.7M | -38.4M | -44.5M | 42.1M | 2.6M | -28.4M | -162M | 160M |
| Operating margin | -2.24% | -7.32% | -6.93% | 1.51% | -0.11% | -2.78% | -3.28% | 2.04% | 0.14% | -1.67% | -5.99% | 3.72% |
| Non-operating income, net | -7.4M | -1.1M | -57.9M | -2.9M | 500K | -100K | -8.2M | -1.6M | -8.3M | -11.6M | -185M | -32M |
| Pretax income | -39.3M | -83M | -132.5M | 21.1M | -2.7M | -40.3M | -55M | 37.8M | -7.8M | -41.9M | -384M | 87M |
| Income tax | -500K | 100K | -300K | -100K | -300K | 200K | -3.4M | 300K | -200K | 2.2M | -401M | 5M |
| Net income | -39.2M | -83.8M | -133M | 20.8M | -1.9M | -40.4M | -50.8M | 39.2M | -4.6M | -42.5M | 22M | 92M |
| Net margin | -2.93% | -7.64% | -12.6% | 1.22% | -0.13% | -2.93% | -3.75% | 1.9% | -0.25% | -2.5% | 0.81% | 2.14% |
| EBITDA | -8.7M | -58.8M | -52.3M | 47M | 18.8M | -18.7M | -15.7M | 71.5M | 30.4M | -1.5M | 1M | 313M |
| EPS | -0.08 | -0.17 | -0.27 | 0.04 | -0 | -0.08 | -0.09 | 0.07 | -0.01 | -0.07 | 0.03 | 0.12 |
| Diluted EPS | -0.08 | -0.17 | -0.27 | 0.04 | -0 | -0.08 | -0.09 | 0.07 | -0.01 | -0.07 | 0.03 | 0.11 |
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 | — | — | — | — | — | 1.8B | 2.9B | — | 7B |
| Enterprise value | — | — | — | — | — | 2.1B | 3.2B | — | 10.5B |
| Shares outstanding | 354.7M | 354.7M | 397.9M | 326.3M | 428.2M | 466.5M | 501.5M | 562.2M | 562.2M |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | — | 156.3 |
| P/S | — | — | — | — | — | 0.36 | 0.52 | — | 0.68 |
| P/B | — | — | — | — | — | 4.06 | 7.11 | — | 2.37 |
| EV/EBITDA | — | — | — | — | — | -10.9 | -51.2 | — | 30.3 |
| EV/Sales | — | — | — | — | — | 0.43 | 0.57 | — | 1 |
| Earnings yield | — | — | — | — | — | — | — | — | 0.64% |
| FCF yield | — | — | — | — | — | -2.12% | 3.61% | — | 9.57% |
| PEG | — | — | — | — | — | — | — | — | 2.19 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 21.4% | 18.9% | 17.8% | 17.3% | 18% | 18% | 17.7% | 18.4% | 24.4% |
| Operating margin | -26.9% | -16.8% | -7.07% | -7.68% | -8.98% | -5.82% | -2.58% | -0.41% | 3.76% |
| Net margin | -25.3% | -16.3% | -7.26% | -7.7% | -10% | -6.55% | -2.74% | -0.84% | 0.64% |
| ROE | — | 56.9% | 31.3% | -58.3% | -115.5% | -74.1% | -37.5% | -7.46% | 3.63% |
| ROA | — | -26.4% | -19.8% | -27.4% | -39.2% | -27.6% | -13.1% | -3.81% | -0.17% |
| ROIC | — | 53.3% | 33.3% | -60.9% | -58.6% | -35.6% | -21.1% | -2.65% | -0.43% |
| Return on tangible assets | — | -32.2% | -26.1% | -42.2% | -64.1% | -54.7% | -27.4% | -30.2% | -2.45% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | 4.19 | 2.13 | 1.82 | 1 | 0.96 | 0.93 | 0.86 | 1.06 |
| Quick ratio | — | 4.19 | 2.13 | 1.82 | 1 | 0.96 | 0.93 | 0.86 | 1.06 |
| Debt / equity | — | -0.7 | -0.59 | 0.69 | 1.47 | 1.24 | 1.21 | 0.6 | 1.38 |
| Debt / assets | — | 0.32 | 0.38 | 0.32 | 0.5 | 0.46 | 0.42 | 0.31 | 0.49 |
| Net debt / EBITDA | — | 0.2 | -0.34 | 0.09 | -0.88 | -1.89 | -4.37 | 3.28 | 9.96 |
| Interest coverage | — | — | -452.2 | -205.4 | -162.9 | -28.4 | -23.1 | -6.43 | -3.23 |
| 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 | 2.49 | 6.73 | 9.35 | 19.7 | 14.1 | 10.5 | 11.2 | 12.4 | 16.1 |
| EPS (basic) | -0.63 | -1.09 | -0.68 | -1.51 | -1.4 | -0.69 | -0.31 | -0.1 | -0.1 |
| EPS (diluted) | -0.63 | -1.09 | -0.68 | -1.51 | -1.4 | -0.69 | -0.31 | -0.1 | 0.06 |
| Book value per share | — | -1.92 | -2.17 | 2.6 | 1.22 | 0.93 | 0.82 | 1.4 | 3.96 |
| FCF per share | -0.63 | -1.27 | -0.25 | -0.24 | -0.84 | -0.08 | 0.21 | 0.36 | 0.15 |
| Cash per share | — | 1.54 | 1.11 | 1.89 | 0.85 | 0.36 | 0.45 | 0.35 | 0.92 |
| Capex per share | — | — | — | — | — | — | — | 0.02 | 0.03 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | — | — | — | 0.19% | 0.25% |
| Capex / operating cash flow | — | — | — | — | — | — | — | 6.18% | 17.1% |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$1.51 |
| — |
| — |
| $6.4B |
| — |
| FY20 | — | -$0.68 | — | — | $3.7B | — |
| FY19 | — | -$1.09 | — | — | $2.4B | — |
| FY18 | — | -$0.63 | — | — | $884.7M | — |
| 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 | $1.3B | $1.1B | $1.1B | $1.7B | $1.5B | $1.4B | $1.4B | $2.1B | $1.8B | $1.7B | $2.7B | $4.3B |
| YoY change | -10.5% | -0.98% | +10.1% | +13.8% | +11.7% | +25.9% | +28.7% | +21.1% | +23.6% | +23.1% | +99.4% | +109.1% |
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 | 547.2M | 440.1M | 618.3M | 361.9M | 166.9M | 223.8M | 199M |
| Receivables | 126.2M | 104.3M | 81.4M | 79.5M | 60.6M | 73M | 82M |
| Inventory | — | — | — | — | — | — | — |
| Total current assets | 746.7M | 599.3M | 794.6M | 517.9M | 282M | 330M | 317.2M |
| Property, plant & equipment | 565.9M | 568.3M | 642.1M | 675.7M | 560.2M | 515.2M | 494.9M |
| Goodwill & intangibles | 267.2M | 330.8M | 631M | 595.4M | 574.8M | 614.8M | 1.3B |
| Total assets | 1.5B | 1.4B | 1.8B | 1.5B | 1.2B | 1.2B | 1.5B |
| Accounts payable | 43.7M | 36.6M | 34.6M | 28.1M | 18.4M | 13M | 12.5M |
| Short-term debt | 33.5M | 76.5M | 97.7M | 276.5M | 123.7M | 117.1M | 122M |
| Total current liabilities | 178.4M | 281.9M | 437.1M | 517.5M | 292.5M | 353.2M | 367.3M |
| Long-term debt | 441.2M | 435.9M | 483M | 486.5M | 410.2M | 380.5M | 354.2M |
| Total liabilities | 2.2B | 2.2B | 953M | 1B | 728.3M | 765.6M | 752.2M |
| Shareholders' equity | -681.6M | -862.9M | 847.6M | 520.7M | 432M | 412.4M | 787.3M |
| Total debt | 474.7M | 512.4M | 580.7M | 763M | 533.9M | 497.6M | 476.2M |
| Net debt | -17M | 72.3M | -37.6M | 401.1M | 367M | 273.8M | 277.2M |
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 | 220M | 166.9M | 165.9M | 185.8M | 211.2M | 223.8M | 127M | 177.3M | 170.3M | 199M | 484M | 694M |
| Receivables | 75.3M | 60.6M | 78.6M | 90M | 80.6M | 73M | 102.2M | 135.2M | 106M | 82M | 180M | 239M |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 357.8M | 282M | 292.8M | 320.5M | 330.5M | 330M | 269.7M | 348.4M | 313.3M | 317.2M | 1.1B | 1.4B |
| Property, plant & equipment | 583.1M | 560.2M | 540M | 541.8M | 524.8M | 515.2M | 529.3M | 512.7M | 496.8M | 494.9M | 926M | 912M |
| Goodwill & intangibles | 589.8M | 574.8M | 567.8M | 652.6M | 633.6M | 614.8M | 1.4B | 1.4B | 1.4B | 1.3B | 11.3B | 11.1B |
| Total assets | 1.3B | 1.2B | 1.1B | 1.2B | 1.2B | 1.2B | 1.5B | 1.6B | 1.6B | 1.5B | 8.1B | 8.3B |
| Accounts payable | 22.6M | 18.4M | 17M | 17.8M | 14.3M | 13M | 15.9M | 15.6M | 15.3M | 12.5M | 96M | 101M |
| Short-term debt | 132.1M | 123.7M | 123.1M | 127.5M | 126.2M | 117.1M | 174.2M | 181.2M | 128.6M | 122M | 335M | 373M |
| Total current liabilities | 337.6M | 292.5M | 362.2M | 385.8M | 358.3M | 353.2M | 486.6M | 473.7M | 391M | 367.3M | 1.3B | 1.3B |
| Long-term debt | 426.1M | 410.2M | 394.2M | 397.4M | 382.3M | 380.5M | 381.9M | 365.5M | 352.4M | 354.2M | 3.7B | 3.7B |
| Total liabilities | 786.2M | 728.3M | 811.4M | 813.5M | 768.7M | 765.6M | 904.7M | 870.7M | 775.1M | 752.2M | 5.3B | 5.3B |
| Shareholders' equity | 477.4M | 432M | 333.5M | 401.7M | 431.1M | 412.4M | 637.9M | 725.4M | 778.4M | 787.3M | 2.8B | 3B |
| Total debt | 558.2M | 533.9M | 517.3M | 524.9M | 508.5M | 497.6M | 556.1M | 546.7M | 481M | 476.2M | 4.1B | 4.1B |
| Net debt | 338.2M | 367M | 351.4M | 339.1M | 297.3M | 273.8M | 429.1M | 369.4M | 310.7M | 277.2M | 3.6B | 3.4B |
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 | -223.8M | -388M | -270.2M | -494.1M | -601.5M | -320.1M | -154.5M | -58.7M |
| Depreciation & amortization | 14.8M | 40.9M | 51.2M | 64.4M | 86.3M | 90M | 82.4M | 112.7M |
| Stock-based compensation | 52.5M | 37.4M | 43.2M | 386.3M | 234.5M | 158.2M | 127.5M | 202.7M |
| Change in working capital | -56.4M | -110.7M | 42.9M | -34.8M | 23.2M | 34M | -4.2M | -13.8M |
| Operating cash flow | -212.4M | -430.3M | -123.7M | -81.8M | -258.8M | -34.6M | 57.9M | 216.7M |
| Capital expenditure | — | — | — | — | — | — | — | -13.4M |
| Investing cash flow | -591.8M | 464M | 29.9M | -142.4M | -30M | -500K | -20.9M | -191.3M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| Financing cash flow | 853.5M | 342.6M | 1M | 340.7M | 80.8M | -226.9M | -89.6M | -119.7M |
| Net change in cash | 49.3M | 376.3M | -92.8M | 116.5M | -208M | -262M | -52.6M | -94.3M |
| Free cash flow | -224.7M | -451.1M | -101.4M | -78.7M | -361.8M | -37.1M | 105.8M | 203.3M |
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 | -39.2M | -83.8M | -133M | 20.8M | -1.9M | -40.4M | — | — | -4.2M | -42.5M | 22M | 92M |
| Depreciation & amortization | 21.3M | 21.5M | 20.8M | 21.4M | 20.5M | 19.7M | — | — | 27.8M | 26.9M | 163M | 153M |
| Stock-based compensation | 38M | 36.3M | 32.9M | 30.9M | 32.5M | 31.2M | — | — | 59.2M | 57.5M | 108M | 41M |
| Change in working capital | 18.3M | 7.5M | -14.9M | -6.4M | 5.2M | 11.9M | — | — | 19.9M | 19.3M | -25M | -106M |
| Operating cash flow | 39.1M | -16.9M | -93.5M | 67.3M | 56.8M | 27.3M | -4M | 0 | 75.4M | 45.3M | -157M | 191M |
| Capital expenditure | — | — | — | — | — | — | — | — | -1.3M | -3.1M | -11M | -11M |
| Investing cash flow | 700K | -1.2M | -800K | -18.4M | -1.7M | 0 | — | — | -7M | -2.3M | -356M | -11M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | -97M | 0 |
| Financing cash flow | -330.9M | 200M | -20.6M | -14.6M | -22.1M | -32.3M | — | — | -172.3M | -36.4M | 795M | 17M |
| Net change in cash | -291.1M | 181.9M | -114.9M | 34.3M | 33M | -5M | -4M | 0 | -103.9M | 6.6M | 282M | 197M |
| Free cash flow | 12.2M | -41M | 5.9M | 40.4M | 32.8M | 26.7M | — | — | 74.1M | 42.2M | -168M | 180M |