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 % |
|---|---|---|---|---|---|---|
| Q4 25 | -$0.54 | -$0.32 | +40.7% | — | $1.7B | — |
| Q3 25 | -$0.89 | -$0.57 | +36.0% | — | $1.6B | — |
| Q2 25 | -$1.16 | -$0.84 | +27.6% | — | $1.4B | — |
| Q1 25 | $0.22 | $0.54 | +145.5% | — | $1.5B | — |
| Q4 24 | -$0.56 | -$0.49 | +12.5% | — | $1.4B | — |
| Q3 24 | -$0.97 | -$1.78 | -83.5% | — | $170.8M | — |
| Q2 24 | -$1.6 | -$1.61 | -0.6% | — | $140.9M | — |
| Q1 24 | -$0.03 | $0.01 | +133.3% | — | $946.9M | — |
| Q4 23 | -$0.53 | -$0.4 | +24.5% | — | $761M | — |
| Q4 22 | — | $0.33 | — | — | $629.6M | — |
| Q3 22 | — | -$0.02 | — | — | $606.2M | — |
| Q1 22 | — | $0.06 | — | — | $724.6M | — |
| Q4 21 | $1.62 | $1.23 | -24.1% | — | $1.3B | — |
| Q2 21 | -$1.24 | -$2.98 | -140.3% | — | $2.2B | — |
| Q1 21 | -$2.44 | -$5.2 | -113.1% | — | $1.9B | — |
| Q4 20 | -$2.49 | -$2.29 | +8.0% | — | $2.2B | — |
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 | — | -$1.32 | — | — | $6.1B | — |
| FY24 | — | -$4.08 | — | — | $4.6B | — |
| FY23 | — | -$0.03 | — | — | $3B | — |
| FY22 | — | $0.05 | — | — | $2.5B | — |
| FY21 | — | -$12.1 | — | — | $6.6B | — |
| FY20 | — | -$5.81 | — | — | $7.1B | — |
| FY19 | — | $0.95 | — | — | $2.1B | — |
| FY18 | — | -$0.08 | — | — | $397.3M | — |
| FY17 | — | -$0.54 | — | — | $97.6M | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $97.6M | $397.3M | $2.1B | $7.1B | $6.6B | $2.5B | $3B | $4.6B | $6.1B |
| YoY change | — | +307.2% | +432.3% | +236.9% | -7.9% | -61.9% | +18.5% | +53.8% | +35% |
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 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $789.4M | $761M | $946.9M | $140.9M | $170.8M | $1.4B | $1.5B | $1.4B | $1.6B | $1.7B | $1.7B | $1.7B |
| YoY change | +30.2% | +20.9% | +33.9% | -80% | -78.4% | +82.5% | +57.7% | +885.8% | +824.6% | +21.4% | +13.2% | +20.2% |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 97.6M | 397.3M | 2.1B | 7.1B | 6.6B | 2.5B | 3B | 4.6B | 6.1B |
| Cost of revenue | 25M | 142.8M | 535.9M | 1.8B | 2.4B | 701M | 790.2M | 1.5B | 2B |
| Gross profit | 72.6M | 254.6M | 1.6B | 5.4B | 4.2B | 1.8B | 2.2B | 3.1B | 4.1B |
| Gross margin | 74.4% | 64.1% | 74.7% | 75.3% | 63.5% | 71.9% | 73.3% | 68% | 67.4% |
| Research & development | 52.5M | 74M | 212.2M | 734.5M | 1.3B | 445.1M | 462M | 648.1M | 626.9M |
| Selling, general & administrative | 112.5M | 161.3M | 1.2B | 6.4B | 5.8B | 1.5B | 1.9B | 3.6B | 4B |
| Operating expenses | 165M | 235.4M | 1.4B | 7.1B | 7.1B | 1.9B | 2.3B | 4.3B | 4.6B |
| Operating income | -92.4M | 19.2M | 215.7M | -1.8B | -2.9B | -118.1M | -149M | -1.2B | -503.2M |
| Operating margin | -94.7% | 4.82% | 10.2% | -24.6% | -44.8% | -4.73% | -5.03% | -26% | -8.19% |
| Non-operating income, net | 884K | 50K | 17.6M | 324M | -155.4M | 94.1M | 85.7M | 71.1M | 135.8M |
| Pretax income | -91.4M | 21.4M | 242.2M | -1.4B | -3.1B | -2.5M | 12.5M | -1B | -327.4M |
| Income tax | -4.6M | 2.6M | 17M | -34.6M | 40.9M | -15.7M | 10.7M | 8.6M | -4.1M |
| Net income | -87M | 19.6M | 226.6M | -1.4B | -3.1B | 13.2M | -7.3M | -1B | -323.3M |
| Net margin | -89.1% | 4.95% | 10.7% | -19.6% | -47.3% | 0.53% | -0.25% | -23% | -5.26% |
| EBITDA | -86.4M | 23.4M | 216.4M | -1.8B | -2.6B | -89.6M | -126M | -1.1B | -424.4M |
| EPS | -0.54 | -0.08 | 0.95 | -5.81 | -12.1 | 0.05 | -0.03 | -4.08 | -1.32 |
| Diluted EPS | -0.54 | -0.08 | 0.9 | -5.81 | -12.1 | 0.05 | -0.03 | -4.08 | -1.32 |
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 | 789.4M | 761M | 946.9M | 140.9M | 170.8M | 1.4B | 1.5B | 1.4B | 1.6B | 1.7B | 1.7B | 1.7B |
| Cost of revenue | 218.1M | 227.7M | 271.4M | 43.7M | 60.7M | 440.3M | 452.5M | 472.8M | 535.5M | 540.9M | 514.8M | 559.2M |
| Gross profit | 571.3M | 533.3M | 675.5M | 97.2M | 110M | 948.3M | 1B | 916.5M | 1B | 1.1B | 1.2B | 1.1B |
| Gross margin | 72.4% | 70.1% | 71.3% | 69% | 64.4% | 68.3% | 69.7% | 66% | 66.1% | 67.9% | 69.5% | 66.5% |
| Research & development | 130.6M | 136M | 151.6M | 22.6M | 26.8M | 145.1M | 150.5M | 148.2M | 162.9M | 165.4M | 159M | 154.8M |
| Selling, general & administrative | 540.2M | 585.2M | 601.6M | 139.4M | 152.5M | 952.6M | 855.4M | 1B | 1.1B | 1.1B | 1B | 1.1B |
| Operating expenses | 670.8M | 721.2M | 753.2M | 162.1M | 179.3M | 1.1B | 1B | 1.2B | 1.2B | 1.3B | 1.2B | 1.3B |
| Operating income | -99.5M | -187.9M | -77.7M | -64.9M | -69.3M | -149.3M | 34.8M | -241.9M | -178M | -118M | 6.9M | -149.8M |
| Operating margin | -12.6% | -24.7% | -8.21% | -46% | -40.6% | -10.7% | 2.33% | -17.4% | -11.3% | -7% | 0.41% | -8.97% |
| Non-operating income, net | 23.4M | 38M | 50.2M | 1.7M | 1.4M | -1.4M | 75.6M | 14.8M | 21M | 24.4M | 17.5M | 9.2M |
| Pretax income | -52M | -131.3M | -8.8M | -60.2M | -65.6M | -135.9M | 123.4M | -217.1M | -148.5M | -85.2M | 33.4M | -136.8M |
| Income tax | 656K | -11.6M | 3.5M | -228.2K | 960K | -42K | -559K | -1.1M | -1.4M | -1.1M | -1.1M | -1M |
| Net income | -57.7M | -119.6M | -12.3M | -60M | -66.6M | -135.8M | 124M | -216M | -147.1M | -84.2M | 34.5M | -135.8M |
| Net margin | -7.3% | -15.7% | -1.3% | -42.5% | -39% | -9.78% | 8.3% | -15.5% | -9.32% | -5% | 2.04% | -8.13% |
| EBITDA | -107.1M | -193.2M | -84.3M | -65.9M | -70.1M | -154.3M | 30.7M | -251M | -184.4M | -132.5M | -2M | -154.2M |
| EPS | -0.22 | -0.46 | -0.05 | -1.65 | -1.83 | -0.53 | 0.49 | -0.88 | -0.09 | -0.35 | 0.15 | -0.57 |
| Diluted EPS | -0.22 | -0.46 | -0.05 | -1.65 | -1.83 | -0.53 | 0.49 | -0.88 | -0.09 | -0.35 | 0.14 | -0.57 |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 27.3M | 231.3M | 1.5B | 7.7B | 3.5B | 3.7B | 2.9B | 3.2B | 3.3B |
| Receivables | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | 8.8M | 48.1M | 15.6M | 22.8M | 24.6M | 36.4M | 55M |
| Total current assets | 52.3M | 280.8M | 1.8B | 8.5B | 3.9B | 4.2B | 3.6B | 3.6B | 4B |
| Property, plant & equipment | 7.1M | 16.8M | 346.8M | 1.3B | 542.8M | 144.6M | 233.3M | 683.9M | 856.8M |
| Goodwill & intangibles | 0 | 1.1M | 862K | 171.7M | 57.2M | 93.3M | 86.3M | 88.2M | 263.1M |
| Total assets | 103.2M | 338.2M | 3.4B | 10.7B | 5B | 4.9B | 5.4B | 5.8B | 6.2B |
| Accounts payable | — | — | — | — | — | — | — | — | — |
| Short-term debt | — | — | 60M | 152.6M | 80M | 38.3M | 50.5M | 147.6M | 236.7M |
| Total current liabilities | 155M | 355.9M | 1.6B | 4.2B | 1.8B | 1.6B | 2B | 3.3B | 4.2B |
| Long-term debt | — | 0 | 194.2M | 644.1M | 276M | 44.2M | 137.7M | 344.6M | 348.6M |
| Total liabilities | 582.6M | 364.7M | 1.8B | 5B | 2.1B | 1.8B | 2.3B | 3.9B | 4.9B |
| Shareholders' equity | -479.4M | -26.5M | 1.6B | 5.7B | 2.9B | 3.1B | 3.1B | 1.9B | 1.3B |
| Total debt | — | 0 | 254.2M | 796.8M | 356M | 82.5M | 188.1M | 492.2M | 585.3M |
| Net debt | — | -33.3M | 180.2M | 441.5M | -372.9M | -737.4M | -447.9M | -828.9M | -10.9M |
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 | — | — | — | — | — | — | — | — | 2.4B | 3.3B | 2.7B | 3.3B |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | 53.4M | 55M | 43.3M | 49.4M |
| Total current assets | — | — | — | — | — | — | — | — | 3.1B | 4B | 3.3B | 3.9B |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 1.3B | 856.8M | 1.5B | 1.6B |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | 90.8M | 263.1M | 155.3M | 154.3M |
| Total assets | — | — | — | — | — | — | — | — | 5.1B | 6.2B | 5.5B | 6.3B |
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | — |
| Short-term debt | 36.9M | 50.5M | 9.8M | 15.2M | 164.2M | 147.6M | 151.4M | 137.4M | 188.9M | 236.7M | 442.2M | 529.3M |
| Total current liabilities | — | — | — | — | — | — | — | — | 3B | 4.2B | 3.6B | 4.5B |
| Long-term debt | — | — | — | — | — | — | — | — | 343.2M | 348.6M | 418.6M | 443.1M |
| Total liabilities | — | — | — | — | — | — | — | — | 3.7B | 4.9B | 4.3B | 5.3B |
| Shareholders' equity | — | — | — | — | — | — | — | — | 1.4B | 1.3B | 1.2B | 1B |
| Total debt | 36.9M | 50.5M | 9.8M | 15.2M | 164.2M | 147.6M | 151.4M | 137.4M | 532M | 585.3M | 860.7M | 972.3M |
| Net debt | — | — | — | — | — | — | — | — | 213.3M | -10.9M | 206.5M | 99.8M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income | -87M | 19.6M | 226.6M | -1.4B | -3.1B | 13.2M | -7.3M | -1B | -323.3M |
| Depreciation & amortization | 4.9M | 4.2M | 12.1M | 57.2M | 112.6M | 70.8M | 54.2M | 65M | 112.8M |
| Stock-based compensation | 5.8M | 5.9M | 60.2M | 238.4M | 320.9M | 122.7M | 58.4M | 53.2M | 39.2M |
| Change in working capital | 10.8M | 225.5M | 830.4M | 750.4M | -1.2B | 238.8M | 234.9M | 790.2M | 447.5M |
| Operating cash flow | -65.5M | 255.3M | 1.1B | -346.9M | -3.9B | 445.4M | 340.2M | -140.5M | 416.1M |
| Capital expenditure | -315K | -12.1M | -61M | -284.1M | -263.4M | 3M | -40.7M | -177.9M | — |
| Investing cash flow | -10.1M | -198.7M | -2.5B | -5.6B | 4.8B | -158.4M | -424M | 620.8M | -649.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | 0 | -86.7M | -282.5M | 0 | 0 | -90.5M | -205.3M | -343.4M |
| Financing cash flow | 56.5M | -29.2M | 1.2B | 5.3B | -500.6M | 0 | -90.5M | -205.3M | -216.6M |
| Net change in cash | -19.1M | 27.4M | -129.2M | -671.1M | 431.9M | 287M | -174.2M | 275M | -450M |
| Free cash flow | -50M | 229.7M | 1.2B | 319.2M | -4.5B | 35.6M | 312.9M | 79.8M | 246.6M |
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 18 | Q1 19 |
|---|---|---|
| Net income | -3.6M | 33.9M |
| Depreciation & amortization | 1.1M | 1.6M |
| Stock-based compensation | 213K | 3.8M |
| Change in working capital | 12.2M | 22.4M |
| Operating cash flow | 9.8M | 61.6M |
| Capital expenditure | -3M | -1.2M |
| Investing cash flow | -3M | -57.3M |
| Dividends paid | — | — |
| Share repurchases | — | — |
| Financing cash flow | 460K | -500K |
| Net change in cash | 7.3M | 3.8M |
| Free cash flow | 2.4M | 63.4M |
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 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 3.6B | 4.4B | 6.9B | — | 567.7M | 567.7M |
| Enterprise value | — | — | — | — | 462.5M | 767.2M | 4.2B | — | -2.2B | -2.2B |
| Shares outstanding | 1.7B | 1.7B | 1.4B | 1.7B | 1.9B | 1.9B | 1.9B | 257.1M | 244.7M | 244.7M |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 336.2 | — | — | — | — |
| P/S | — | — | — | — | 0.55 | 1.77 | 2.33 | — | 0.09 | 0.09 |
| P/B | — | — | — | — | 1.25 | 1.43 | 2.22 | — | 0.45 | 0.45 |
| EV/EBITDA | — | — | — | — | -0.17 | -8.57 | -33.3 | — | 5.07 | 5.07 |
| EV/Sales | — | — | — | — | 0.07 | 0.31 | 1.42 | — | -0.35 | -0.35 |
| Earnings yield | — | — | — | — | — | 0.3% | — | — | — | — |
| FCF yield | — | — | — | — | -123.5% | 0.8% | 4.54% | — | 43.4% | 43.4% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 74.4% | 64.1% | 74.7% | 75.3% | 63.5% | 71.9% | 73.3% | 68% | 67.4% | 67.4% |
| Operating margin | -94.7% | 4.82% | 10.2% | -24.6% | -44.8% | -4.73% | -5.03% | -26% | -8.19% | -8.19% |
| Net margin | -89.1% | 4.95% | 10.7% | -19.6% | -47.3% | 0.53% | -0.25% | -23% | -5.26% | -5.26% |
| ROE | 18.1% | -74.2% | 14.6% | -24.3% | -107.7% | 0.43% | -0.23% | -54.3% | -25.8% | -25.8% |
| ROA | -84.2% | 5.81% | 6.68% | -13% | -61.8% | 0.27% | -0.13% | -18% | -5.21% | -5.21% |
| ROIC | 18.2% | -6.52% | 76% | 151.3% | 1.1K% | 20.9% | -5.49% | 159.6% | 34.3% | 34.3% |
| Return on tangible assets | -84.2% | 5.83% | 6.68% | -13.2% | -62.5% | 0.28% | -0.14% | -18.3% | -5.45% | -5.45% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.34 | 0.79 | 1.1 | 2.01 | 2.24 | 2.59 | 1.82 | 1.12 | 0.94 | 0.94 |
| Quick ratio | 0.34 | 0.79 | 1.1 | 2 | 2.23 | 2.57 | 1.81 | 1.11 | 0.92 | 0.92 |
| Debt / equity | — | 0 | 0.16 | 0.14 | 0.12 | 0.03 | 0.06 | 0.25 | 0.47 | 0.47 |
| Debt / assets | — | 0 | 0.07 | 0.07 | 0.07 | 0.02 | 0.03 | 0.08 | 0.09 | 0.09 |
| Net debt / EBITDA | — | -9.9 | -5.98 | 3.9 | 1.19 | 40.9 | 21.4 | 2.34 | 6.41 | 6.41 |
| Effective tax rate | 0% | 12.2% | 7% | 0% | 0% | 0% | 85.1% | 0% | 0% | 0% |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.06 | 0.23 | 1.47 | 4.09 | 3.53 | 1.33 | 1.55 | 17.7 | 25.1 | 25.1 |
| EPS (basic) | -0.54 | -0.08 | 0.95 | -5.81 | -12.1 | 0.05 | -0.03 | -4.08 | -1.32 | -1.32 |
| EPS (diluted) | -0.54 | -0.08 | 0.9 | -5.81 | -12.1 | 0.05 | -0.03 | -4.08 | -1.32 | -1.32 |
| Book value per share | -0.28 | -0.02 | 1.08 | 3.29 | 1.55 | 1.65 | 1.63 | 7.52 | 5.12 | 5.12 |
| FCF per share | -0.03 | 0.13 | 0.85 | 0.18 | -2.4 | 0.02 | 0.16 | 0.31 | 1.01 | 1.01 |
| Cash per share | 0.02 | 0.14 | 1.07 | 4.42 | 1.88 | 2 | 1.52 | 12.3 | 13.5 | 13.5 |
| Capex per share | 0 | 0.01 | 0.04 | 0.16 | 0.14 | 0 | 0.02 | 0.69 | — | — |
| Metric | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 0.32% | 3.05% | 2.88% | 3.99% | 4.01% | 0.12% | 1.37% | 3.91% | — | — |
| Capex / operating cash flow | -0.48% | 4.75% | 5.4% | -81.9% | -6.79% | 0.68% | 12% | -126.6% | — | — |