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 27 | $0.16 | $0.2 | +25.0% | — | $508.4M | — |
| Q4 26 | $0.13 | $0.18 | +38.5% | — | $444.3M | — |
| Q3 26 | $0.12 | $0.15 | +25.0% | — | $416M | — |
| Q2 26 | $0.07 | $0.12 | +71.4% | — | $391.5M | — |
| Q1 26 | $0.06 | $0.11 | +83.3% | — | $366.9M | — |
| Q4 25 | $0.07 | $0.11 | +57.1% | — | $346.3M | — |
| Q3 25 | $0.04 | $0.07 | +75.0% | — | $322M | — |
| Q2 25 | $0.01 | $0.05 | +400.0% | — | $300.2M | — |
| Q1 25 | $0.01 | $0.03 | +200.0% | — | $280.7M | — |
| Q4 24 | $0.03 | $0.04 | +33.3% | — | $276.3M | — |
| Q3 24 | $0.01 | $0.04 | +300.0% | — | $237.5M | — |
| Q2 24 | -$0.02 | $0.01 | +150.0% | — | $219.3M | — |
| Q1 24 | -$0.05 | -$0.02 | +60.0% | — | $204.3M | — |
| Q4 23 | -$0.05 | -$0.02 | +60.0% | — | $186.6M | — |
| Q3 23 | -$0.06 | -$0.02 | +66.7% | — | $169.8M | — |
| Q2 23 | -$0.07 | -$0.04 | +42.9% | — | $153.5M | — |
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 % |
|---|---|---|---|---|---|---|
| FY26 | — | -$0.02 | — | — | $1.6B | — |
| FY25 | — | -$0.28 | — | — | $1.2B | — |
| FY24 | — | — | — | — | $937.4M | — |
| FY23 | — | -$0.48 | — | — | $652.5M | — |
| FY22 | — | -$1.28 |
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 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | $119.9M | $249.9M | $428.3M | $652.5M | $937.4M | $1.2B | $1.6B |
| YoY change | — | +108.5% | +71.4% | +52.3% | +43.7% | +33.3% | +29.6% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 24 | Q4 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 | FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 119.9M | 249.9M | 428.3M | 652.5M | 937.4M | 1.2B | 1.6B |
| Cost of revenue | 48.3M | 75.4M | 124.5M | 182.7M | 247M | 298.3M | 376.5M |
| Gross profit | 71.5M | 174.5M | 303.9M | 469.9M | 690.4M | 950.9M | 1.2B |
| Gross margin | 59.7% | 69.8% | 70.9% | 72% | 73.6% | 76.1% | 76.7% |
| Research & development | 70.5M | 99.7M | 205.1M | 187.4M | 258.6M | 299.7M | 344.6M |
| Selling, general & administrative | 228.9M | 277.5M | 451.1M | 540.9M | 681.7M | 836.3M | 950.1M |
| Operating expenses | 299.4M | 377.2M | 656.2M | 728.3M | 940.3M | 1.1B | 1.3B |
| Operating income | -227.8M | -202.7M | -352.3M | -258.4M | -249.9M | -185.1M | -52.6M |
| Operating margin | -190.1% | -81.1% | -82.3% | -39.6% | -26.7% | -14.8% | -3.25% |
| Non-operating income, net | — | -6.8M | -1.5M | -1.1M | -73.4M | -4.9M | — |
| Pretax income | -224.9M | -210.1M | -353.9M | -243.8M | -283.4M | -150.4M | 906K |
| Income tax | 340K | 87K | 1.2M | 3.6M | 3.3M | 4.5M | 10M |
| Net income | -225.2M | -210.2M | -355M | -247.4M | -286.7M | -154.9M | -9.1M |
| Net margin | -187.9% | -84.1% | -82.9% | -37.9% | -30.6% | -12.4% | -0.56% |
| EBITDA | -223.5M | -192M | -340.4M | -245.6M | -161M | -159.6M | -28.5M |
| EPS | -0.48 | -0.47 | -1.28 | -0.48 | — | -0.28 | -0.02 |
| Diluted EPS | -0.48 | -0.47 | -1.28 | -0.48 | — | -0.28 | -0.02 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 237.5M | 276.3M | 280.7M | 300.2M | 322M | 346.3M | 366.9M | 391.5M | 416M | 444.3M | 478.8M | 508.4M |
| Cost of revenue | 61.6M | 69M | 68.6M | 73.4M | 76M | 80.3M | 83.2M | 90.5M | 97M | 105.9M | 117.7M | 115.9M |
| Gross profit | 175.9M | 207.3M | 212.1M | 226.8M | 246M | 266M | 283.7M | 301M | 319M | 338.4M | 361.1M | 392.6M |
| Gross margin | 74.1% | 75% | 75.6% | 75.6% | 76.4% | 76.8% | 77.3% | 76.9% | 76.7% | 76.2% | 75.4% | 77.2% |
| Research & development | 60.8M | 73.4M | 73M | 76.5M | 77M | 73.3M | 83.2M | 85.6M | 86.2M | 89.5M | 97.6M | 102.6M |
| Selling, general & administrative | 165.1M | 188.2M | 205.1M | 208.6M | 212.7M | 209.9M | 233.7M | 242M | 234.5M | 239.8M | 256.4M | 285.1M |
| Operating expenses | 226M | 261.6M | 278.1M | 285M | 289.7M | 283.1M | 317M | 327.6M | 320.7M | 329.4M | 353.9M | 387.7M |
| Operating income | -50M | -54.3M | -66M | -58.2M | -43.8M | -17.1M | -33.3M | -26.6M | -1.7M | 9M | 7.2M | 4.9M |
| Operating margin | -21.1% | -19.7% | -23.5% | -19.4% | -13.6% | -4.95% | -9.06% | -6.8% | -0.41% | 2.03% | 1.5% | 0.96% |
| Non-operating income, net | -4.8M | -68.7M | — | — | -3.6M | -1.3M | — | — | — | — | — | — |
| Pretax income | -45.4M | -111.5M | -55.9M | -48.6M | -37.3M | -8.6M | -20.5M | -15.2M | 9.1M | 27.5M | 48.9M | 17.5M |
| Income tax | 142K | 1.8M | 376K | 1M | 493K | 2.6M | 1.6M | 1.6M | 1.3M | 5.5M | 4.4M | 1.3M |
| Net income | -45.5M | -113.4M | -56.3M | -49.6M | -37.8M | -11.2M | -22.1M | -16.8M | 7.8M | 22M | 44.5M | 16.2M |
| Net margin | -19.2% | -41% | -20.1% | -16.5% | -11.7% | -3.23% | -6.03% | -4.29% | 1.87% | 4.96% | 9.29% | 3.19% |
| EBITDA | -41.6M | 19M | -61.5M | -53.6M | -33.4M | -11.1M | -28.1M | -21.2M | 4.4M | 16.5M | 15.1M | 13.3M |
| EPS | -0.08 | -0.21 | -0.1 | -0.09 | -0.07 | -0.02 | -0.04 | -0.03 | 0.01 | 0.04 | 0.08 | 0.03 |
| Diluted EPS | -0.08 | -0.21 | -0.1 | -0.09 | -0.07 | -0.02 | -0.04 | -0.03 | 0.01 | 0.04 | 0.08 | 0.03 |
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 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | 28.7B | 16.1B | 22.2B |
| Enterprise value | — | — | — | — | — | 28B | 15.3B | 21.5B |
| Shares outstanding | 465.6M | 465.6M | 277.5M | 514.3M | — | 556.3M | 573.5M | 573.5M |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | 252.9 |
| P/S | — | — | — | — | — | 22.9 | 9.94 | 12 |
| P/B | — | — | — | — | — | 26.8 | 11.3 | 13.9 |
| EV/EBITDA | — | — | — | — | — | -175.7 | -537.2 | 682.9 |
| EV/Sales | — | — | — | — | — | 22.4 | 9.47 | 11.6 |
| Earnings yield | — | — | — | — | — | — | — | 0.4% |
| FCF yield | — | — | — | — | — | 0.39% | 1.29% | 1.17% |
| PEG | — | — | — | — | — | — | — | -1.26 |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 59.7% | 69.8% | 70.9% | 72% | 73.6% | 76.1% | 76.7% | 77.2% |
| Operating margin | -190.1% | -81.1% | -82.3% | -39.6% | -26.7% | -14.8% | -3.25% | 0.96% |
| Net margin | -187.9% | -84.1% | -82.9% | -37.9% | -30.6% | -12.4% | -0.56% | 4.9% |
| ROE | 66.1% | 39.5% | -35.9% | -26.4% | -31.3% | -14.5% | -0.64% | 6.43% |
| ROA | -35.7% | -23.7% | -22.6% | -15.3% | -16.5% | -7.65% | -0.36% | 0.49% |
| ROIC | 63.7% | 26.7% | -165.6% | -69.6% | -53.5% | -40.7% | 0% | 2.02% |
| Return on tangible assets | -35.7% | -23.7% | -22.6% | -15.3% | -16.5% | -7.84% | -0.36% | 3.27% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.87 | 2.32 | 3.25 | 2.17 | 1.5 | 1.5 | 1.64 | 1.63 |
| Quick ratio | 1.76 | 2.25 | 3.15 | 2.07 | 1.46 | 1.45 | 1.59 | 1.57 |
| Debt / equity | -0.54 | -0.33 | 0.15 | 0.13 | 0.11 | 0.08 | 0.05 | 0.04 |
| Debt / assets | 0.29 | 0.2 | 0.09 | 0.08 | 0.06 | 0.04 | 0.03 | 0.03 |
| Net debt / EBITDA | 0.07 | 1.18 | 2.28 | 2.31 | 2.78 | 3.85 | 26.7 | -15.4 |
| Interest coverage | — | -326.3 | -176.2K | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 100% | 12.2% |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.26 | 0.54 | 1.54 | 1.27 | — | 2.25 | 2.82 | 3.19 |
| EPS (basic) | -0.48 | -0.47 | -1.28 | -0.48 | — | -0.28 | -0.02 | -0.02 |
| EPS (diluted) | -0.48 | -0.47 | -1.28 | -0.48 | — | -0.28 | -0.02 | 0.15 |
| Book value per share | -0.73 | -1.14 | 3.56 | 1.82 | — | 1.92 | 2.48 | 2.74 |
| FCF per share | -0.48 | -0.44 | -0.69 | -0.26 | — | 0.2 | 0.36 | 0.43 |
| Cash per share | 0.43 | 0.86 | 3.32 | 1.34 | — | 1.25 | 1.45 | 1.42 |
| Capex per share | 0.06 | 0.07 | 0.07 | 0.06 | — | 0.04 | — | — |
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 25% | 12.8% | 4.52% | 5.09% | 1.17% | 1.62% | — | — |
| Capex / operating cash flow | -15.6% | -18.5% | -11.4% | -35.9% | 63.5% | 13.1% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $428.3M |
| — |
| FY21 | — | -$0.47 | — | — | $249.9M | — |
| FY20 | — | -$0.48 | — | — | $119.9M | — |
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Q1 27 |
|---|
| Q2 27 |
|---|
| Revenue | $237.5M | $276.3M | $280.7M | $300.2M | $322M | $346.3M | $366.9M | $391.5M | $416M | $444.3M | $478.8M | $508.4M |
| YoY change | +39.9% | +48.1% | +37.4% | +36.9% | +35.6% | +25.3% | +30.7% | +30.4% | +29.2% | +28.3% | +30.5% | +29.9% |
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 | FY26 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 201.1M | 399.9M | 921.2M | 689.9M | 547.7M | 694.8M | 833.8M |
| Receivables | 34.2M | 42.2M | 82M | 122.9M | 161.8M | 234M | 321.4M |
| Inventory | 16.5M | 13.7M | 33.1M | 40.6M | 22.2M | 38.9M | 48.2M |
| Total current assets | 277.5M | 491.2M | 1.1B | 957.5M | 887M | 1.1B | 1.5B |
| Property, plant & equipment | 208.1M | 201.9M | 187.4M | 194.3M | 136.9M | 34M | 81.6M |
| Goodwill & intangibles | — | — | — | — | — | 48.2M | — |
| Total assets | 631M | 886.6M | 1.6B | 1.6B | 1.7B | 2B | 2.5B |
| Accounts payable | 16.5M | 19.4M | 54.7M | 30.1M | 46.3M | 64M | 47.7M |
| Short-term debt | 17.5M | 22.3M | 21.4M | 22M | 20.7M | 15.7M | 12.6M |
| Total current liabilities | 148.3M | 211.9M | 338.3M | 442.2M | 591.8M | 761.3M | 917M |
| Long-term debt | 166.8M | 151M | 123.5M | 100.9M | 78.8M | 64.6M | 60.2M |
| Total liabilities | 972M | 1.4B | 579M | 679M | 819.7M | 955.1M | 1.1B |
| Shareholders' equity | -341M | -532.8M | 988.9M | 938M | 915.1M | 1.1B | 1.4B |
| Total debt | 184.3M | 173.3M | 145M | 122.9M | 99.5M | 80.3M | 72.8M |
| Net debt | -16.8M | -226.6M | -776.3M | -77.8M | -36M | -147.3M | -246M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 208.1M | 135.5M | 162.5M | 159.3M | 160.3M | 227.6M | 259M | 258.5M | 761.8M | 833.8M | 804.3M | 828.9M |
| Receivables | — | — | — | — | — | — | — | — | 256.7M | 321.4M | 285M | 337.8M |
| Inventory | — | — | — | — | — | — | — | — | 55M | 48.2M | 52.2M | 57M |
| Total current assets | — | — | — | — | — | — | — | — | 1.3B | 1.5B | 1.5B | 1.6B |
| Property, plant & equipment | — | — | — | — | — | — | — | — | 77.9M | 81.6M | 84.4M | 88M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | — | — | — | — | — | — | — | — | 2.3B | 2.5B | 2.6B | 2.8B |
| Accounts payable | — | — | — | — | — | — | — | — | 19.8M | 47.7M | 24.3M | 41.2M |
| Short-term debt | — | — | — | — | — | — | — | — | 12.8M | 12.6M | 12.1M | 12.5M |
| Total current liabilities | — | — | — | — | — | — | — | — | 806.4M | 917M | 912.1M | 968.1M |
| Long-term debt | — | — | — | — | — | — | — | — | 62.8M | 60.2M | 57M | 57M |
| Total liabilities | — | — | — | — | — | — | — | — | 1B | 1.1B | 1.1B | 1.2B |
| Shareholders' equity | — | — | — | — | — | — | — | — | 1.3B | 1.4B | 1.5B | 1.6B |
| Total debt | — | — | — | — | — | — | — | — | 75.6M | 72.8M | 69M | 69.5M |
| Net debt | — | — | — | — | — | — | — | — | -199.5M | -246M | -150M | -221.9M |
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 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income | -225.2M | -210.2M | -355M | -247.4M | -286.7M | -154.9M | -9.1M |
| Depreciation & amortization | 4.3M | 10.7M | 10.4M | 11.8M | 15.5M | 20.6M | 24M |
| Stock-based compensation | 2.9M | 25.6M | 228.7M | 177.5M | 237.1M | 277.9M | 315M |
| Change in working capital | 13.9M | -16.3M | -62.7M | -37.5M | 50.3M | 4.9M | -78.9M |
| Operating cash flow | -192.8M | -173.4M | -170.4M | -92.5M | 17.3M | 153.8M | 236.2M |
| Capital expenditure | -30M | -32.1M | -19.4M | -33.2M | -11M | -20.2M | — |
| Investing cash flow | -30M | -32.2M | -20M | -631.8M | -78.7M | -66.6M | -160.8M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | -30K | -61K | -5K | 0 | 0 | — | — |
| Financing cash flow | 294.9M | 399.6M | 700.3M | -3.8M | -2.2M | -1.7M | -928K |
| Net change in cash | 72.1M | 194M | 509.8M | -728.2M | -63.6M | 85.5M | 74.5M |
| Free cash flow | -222.5M | -203.9M | -190.8M | -136.3M | -22.8M | 111.5M | 207.4M |
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 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -45.5M | -113.4M | -56.3M | -49.6M | -37.8M | -11.2M | -22.1M | -16.8M | 7.8M | 22M | 44.5M | 16.2M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 6.1M | 7.4M | 7.9M | 8.4M |
| Stock-based compensation | — | — | — | — | — | — | — | — | 77.8M | 78.9M | 77.5M | 96.4M |
| Change in working capital | — | — | — | — | — | — | — | — | -41.3M | -23.1M | -45.4M | -49.7M |
| Operating cash flow | -45.5M | -113.4M | -56.3M | -49.6M | -37.8M | -11.2M | -22.1M | -16.8M | 63.7M | 69.7M | 81.4M | 73.5M |
| Capital expenditure | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — | — | — | — | -40.4M | -46.8M | -141M | 28.4M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | -87K | -34.4M | -36.1M |
| Net change in cash | -45.5M | -113.4M | -56.3M | -49.6M | -37.8M | -11.2M | -22.1M | -16.8M | 23.3M | 22.8M | -94M | 65.8M |
| Free cash flow | — | — | — | — | — | — | — | — | 55.8M | 61.7M | 73.2M | 64.7M |