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 | $0.04 | $0.2 | +400.0% | — | $427.3M | — |
| Q1 27 | -$0.03 | $0.16 | +633.3% | — | $387.1M | — |
| Q4 26 | -$0.11 | $0.04 | +136.4% | — | $377.7M | — |
| Q3 26 | -$0.17 | $0.1 | +158.8% | — | $350.2M | — |
| Q2 26 | -$0.34 | -$0.03 | +91.2% | — | $309.9M | — |
| Q1 26 | -$0.32 | -$0.15 | +53.1% | — | $278.5M | — |
| Q4 25 | -$0.39 | -$0.18 | +53.8% | — | $258.1M | — |
| Q3 25 | -$0.4 | -$0.21 | +47.5% | — | $236.2M | — |
| Q2 25 | -$0.49 | -$0.4 | +18.4% | — | $205M | — |
| Q1 25 | -$1.73 | -$1.58 | +8.7% | — | $187.3M | — |
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 | — | -$1.78 | — | — | $1.3B | — |
| FY25 | — | -$7.48 | — | — | $886.5M | — |
| FY24 | — | -$2.01 | — | — | — | — |
| FY23 | — | -$1.58 | — | — | — | — |
| FY22 | — | -$1.45 | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $886.5M | $1.3B |
| YoY change | — | — | — | — | — | +48.5% |
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 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | 886.5M | 1.3B |
| Cost of revenue | — | — | — | — | 265.7M | 261.9M |
| Gross profit | — | — | — | — | 620.8M | 1.1B |
| Gross margin | — | — | — | — | 70% | 80.1% |
| Research & development | — | — | — | — | 531.6M | 373.7M |
| Selling, general & administrative | — | — | — | — | 1.2B | 1B |
| Operating expenses | — | — | — | — | 1.8B | 1.4B |
| Operating income | — | — | — | — | -1.1B | -345.4M |
| Operating margin | — | — | — | — | -127.9% | -26.2% |
| Non-operating income, net | — | — | — | — | 1.5M | -16M |
| Pretax income | — | — | — | — | -1.1B | -326.5M |
| Income tax | — | — | — | — | 6.4M | 22.4M |
| Net income | — | — | — | — | -1.2B | -348.8M |
| Net margin | — | — | — | — | -130.3% | -26.5% |
| EBITDA | — | -228.2M | — | — | -1.1B | -265.5M |
| EPS | -1.21 | -1.45 | -1.58 | -2.01 | -7.48 | -1.78 |
| Diluted EPS | -1.21 | -1.45 | -1.58 | -2.01 | -7.48 | -1.78 |
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 | 165.6M | 175M | 187.3M | 205M | 236.2M | 258.1M | 278.5M | 309.9M | 350.2M | 377.7M | 387.1M | 427.3M |
| Cost of revenue | 33.7M | 40M | 96M | 55.2M | 56.1M | 58.5M | 60.5M | 63.6M | 68.1M | 69.7M | 75.3M | 92.1M |
| Gross profit | 131.9M | 135M | 91.3M | 149.8M | 180M | 199.6M | 218M | 246.3M | 282M | 308M | 311.8M | 335.1M |
| Gross margin | 79.6% | 77.2% | 48.8% | 73.1% | 76.2% | 77.4% | 78.3% | 79.5% | 80.5% | 81.5% | 80.5% | 78.4% |
| Research & development | 51.4M | 59.1M | 285.4M | 86.2M | 80M | 80M | 81.8M | 92.1M | 97.6M | 102.2M | 114.3M | 126.9M |
| Selling, general & administrative | 145.8M | 159M | 530.8M | 231.8M | 224.8M | 235.8M | 229.3M | 248.7M | 259.9M | 288.2M | 250.1M | 280.2M |
| Operating expenses | 197.2M | 218.2M | 816.2M | 318.1M | 304.8M | 315.8M | 311.1M | 340.8M | 357.5M | 390.4M | 364.4M | 407M |
| Operating income | -65.3M | -83.1M | -724.8M | -168.3M | -124.8M | -116.1M | -93.1M | -94.5M | -75.5M | -82.4M | -52.6M | -71.9M |
| Operating margin | -39.4% | -47.5% | -387% | -82.1% | -52.8% | -45% | -33.4% | -30.5% | -21.6% | -21.8% | -13.6% | -16.8% |
| Non-operating income, net | 104K | -310K | -623K | -1.4M | -1.3M | 4.9M | -5.6M | -6.6M | -965K | -2.8M | 590K | 280K |
| Pretax income | -71.2M | -90.1M | -733.1M | -172.7M | -129M | -113.6M | -100.8M | -94.1M | -60.9M | -70.6M | -37.2M | -56.3M |
| Income tax | 15M | 7.4M | -1.1M | 4.2M | 1.9M | 1.3M | 1.3M | 1.8M | 2.9M | 16.4M | 4.6M | 5.5M |
| Net income | -86.3M | -97.5M | -732.1M | -176.9M | -130.9M | -114.9M | -102.1M | -95.9M | -63.8M | -87M | -41.9M | -61.8M |
| Net margin | -52.1% | -55.7% | -390.8% | -86.3% | -55.4% | -44.5% | -36.7% | -31% | -18.2% | -23% | -10.8% | -14.5% |
| EBITDA | -56M | -74M | -715.3M | -155.5M | -111.3M | -96.2M | -82.9M | -73.8M | -49.9M | -58.8M | -24.1M | -42.7M |
| EPS | -0.49 | — | -11.5 | -0.98 | -0.71 | -0.61 | -0.53 | -0.49 | -0.32 | -0.43 | -0.21 | -0.3 |
| Diluted EPS | -0.49 | — | -11.5 | -0.98 | -0.71 | -0.61 | -0.53 | -0.49 | -0.32 | -0.43 | -0.21 | -0.3 |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 23.3B |
| Enterprise value | — | — | — | — | — | — | 22.1B |
| Shares outstanding | 175.9M | 175.9M | 175.9M | 175.9M | 154.3M | 196.5M | 196.5M |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | 27.3 |
| P/S | — | — | — | — | — | — | 14.6 |
| P/B | — | — | — | — | — | — | -46.6 |
| EV/EBITDA | — | — | — | — | — | — | -84 |
| EV/Sales | — | — | — | — | — | — | 14.3 |
| Earnings yield | — | — | — | — | — | — | 3.66% |
| FCF yield | — | — | — | — | — | — | 2.06% |
| PEG | — | — | — | — | — | — | -0.7 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | 70% | 80.1% | 78.4% |
| Operating margin | — | — | — | — | -127.9% | -26.2% | -16.8% |
| Net margin | — | — | — | — | -130.3% | -26.5% | -16.5% |
| ROE | — | — | — | — | 208.6% | 67.1% | 67.1% |
| ROA | — | — | — | — | -81.2% | -12.6% | -6.74% |
| ROIC | — | — | — | — | 122.4% | 32.8% | 25.7% |
| Return on tangible assets | — | — | — | — | -94.5% | -14.7% | -10.6% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 1.13 | 1.69 | 1.64 |
| Quick ratio | — | — | — | — | 1.13 | 1.69 | 1.64 |
| Debt / equity | — | — | — | — | -0.6 | -2.2 | -0.02 |
| Debt / assets | — | — | — | — | 0.23 | 0.41 | 0.4 |
| Net debt / EBITDA | — | — | — | — | 0.35 | 2.01 | 3.41 |
| Interest coverage | — | — | — | — | -26.8 | -18 | -50.8 |
| Effective tax rate | — | — | — | — | 0% | 0% | 0% |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | — | — | — | — | 5.75 | 6.7 | 7.62 |
| EPS (basic) | -1.21 | -1.45 | -1.58 | -2.01 | -7.48 | -1.78 | -1.78 |
| EPS (diluted) | -1.21 | -1.45 | -1.58 | -2.01 | -7.48 | -1.78 | -1.27 |
| Book value per share | — | — | — | — | -3.59 | -2.64 | -2.41 |
| FCF per share | — | — | — | — | 0.14 | 1.21 | 1.39 |
| Cash per share | — | — | — | — | 4.57 | 8.53 | 8.43 |
| Capex per share | — | — | — | — | 0.11 | 0.08 | 0.09 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | — | — | — | — | 1.9% | 1.17% | 1.15% |
| Capex / operating cash flow | — | — | — | — | 33% | 5.46% | 5.24% |
| Payout ratio | — | — | — | — | — | — | 0% |
| — |
| — |
| — |
| FY21 | — | -$1.21 | — | — | — | — |
| Q2 26 |
|---|
| Q3 26 |
|---|
| Q4 26 |
|---|
| Q1 27 |
|---|
| Q2 27 |
|---|
| Revenue | $165.6M | $175M | $187.3M | $205M | $236.2M | $258.1M | $278.5M | $309.9M | $350.2M | $377.7M | $387.1M | $427.3M |
| YoY change | — | — | +38% | +35.2% | +42.6% | +47.5% | +48.7% | +51.2% | +48.3% | +46.3% | +39% | +37.9% |
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 | FY22 | FY25 | FY26 |
|---|---|---|---|
| Cash & short-term investments | — | 705.1M | 1.7B |
| Receivables | — | 177.6M | 256.8M |
| Inventory | — | 4.2M | 5.7M |
| Total current assets | — | 1.1B | 2.2B |
| Property, plant & equipment | — | 53.2M | 83.8M |
| Goodwill & intangibles | — | 200.7M | 399.2M |
| Total assets | — | 1.4B | 2.8B |
| Accounts payable | — | 10.4M | 15.3M |
| Short-term debt | — | 10.1M | 12.7M |
| Total current liabilities | — | 950.2M | 1.3B |
| Long-term debt | — | 322.3M | 1.1B |
| Total liabilities | — | 2B | 3.3B |
| Shareholders' equity | — | -553.7M | -519.6M |
| Total debt | — | 332.4M | 1.1B |
| Net debt | — | 146.1M | 763.2M |
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 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | Q4 26 | Q1 27 | Q2 27 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 606.3M | 601.3M | 632M | 705.1M | 762.1M | 1.5B | 1.6B | 1.7B | 1.7B | 1.7B |
| Receivables | 97.4M | 138.2M | 147.7M | 177.6M | 165.6M | 217M | 219.7M | 256.8M | 199.3M | 269.2M |
| Inventory | 4.4M | 4.2M | 4.1M | 4.2M | 4.6M | 5M | 5.3M | 5.7M | 7M | 6.8M |
| Total current assets | 852.9M | 889M | 943.7M | 1.1B | 1.1B | 1.9B | 2.1B | 2.2B | 2.2B | 2.3B |
| Property, plant & equipment | 46M | 46.2M | 49.3M | 53.2M | 54.9M | 58.3M | 67M | 83.8M | 86.5M | 92.8M |
| Goodwill & intangibles | 200.7M | 200.7M | 200.7M | 200.7M | 203.2M | 389.1M | 399.2M | 399.2M | 399.2M | 446.4M |
| Total assets | 1.2B | 1.2B | 1.3B | 1.4B | 1.5B | 2.4B | 2.5B | 2.8B | 2.8B | 2.8B |
| Accounts payable | 8.6M | 10.3M | 9.4M | 10.4M | 9.9M | 14M | 11.9M | 15.3M | 14.2M | 22.5M |
| Short-term debt | 10.4M | 10.1M | 9.4M | 10.1M | 11.8M | 12.4M | 11.6M | 12.7M | 14.6M | 16.7M |
| Total current liabilities | 738M | 776.7M | 816.6M | 950.2M | 961.3M | 1.1B | 1.2B | 1.3B | 1.3B | 1.4B |
| Long-term debt | 297.1M | 306.8M | 317M | 322.3M | 322.8M | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B |
| Total liabilities | 1.7B | 1.7B | 1.8B | 2B | 2B | 3B | 3.1B | 3.3B | 3.2B | 3.3B |
| Shareholders' equity | -514.6M | -499.3M | -521.1M | -553.7M | -556.5M | -564.3M | -524.4M | -519.6M | -481.3M | -499.4M |
| Total debt | 307.5M | 316.9M | 326.4M | 332.4M | 334.6M | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B |
| Net debt | -195.1M | 174.6M | 222.5M | 146.1M | 50.6M | 818.3M | 834.2M | 763.2M | 717M | 733.4M |
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 | FY25 | FY26 |
|---|---|---|
| Net income | -1.2B | -348.8M |
| Depreciation & amortization | 28.9M | 37.1M |
| Stock-based compensation | 913.9M | 329.4M |
| Change in working capital | 144.7M | 196.7M |
| Operating cash flow | 51.2M | 282.9M |
| Capital expenditure | -16.9M | -15.4M |
| Investing cash flow | -373.7M | -800.5M |
| Dividends paid | — | — |
| Share repurchases | 0 | — |
| Financing cash flow | 378.4M | 703.4M |
| Net change in cash | 55.9M | 185.9M |
| Free cash flow | 21.6M | 237.8M |
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 | 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 | — | — | — | — | — | — | — | — | -63.8M | -87M | -41.9M | -61.8M |
| Depreciation & amortization | — | — | — | — | — | — | — | — | 9.9M | 10.7M | 12.1M | 12.5M |
| Stock-based compensation | 652K | — | — | — | — | 86M | — | — | 82.5M | 84.9M | 73.4M | 101M |
| Change in working capital | -165K | — | — | — | — | — | — | — | 56.8M | 60.4M | 73M | -63.4M |
| Operating cash flow | 487K | — | — | — | — | 86M | — | — | 85.5M | 93M | 81.7M | 76.8M |
| Capital expenditure | — | — | — | — | — | — | — | — | -3.9M | -4.4M | -3.8M | -5.6M |
| Investing cash flow | -71.8M | -24.4M | -42.7M | -406.6M | -192M | -155.8M | -120.2M | -877.8M | -105M | -73K | -31.9M | -42M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | -7.1M | 0 | — | — |
| Net change in cash | -71.3M | -24.4M | -42.7M | -406.6M | -192M | -69.8M | -120.2M | -877.8M | -26.6M | 93M | 49.8M | 34.9M |
| Free cash flow | — | — | — | — | — | — | — | — | 76.9M | 70.1M | 73.6M | 65.7M |