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 | $0.32 | $0.36 | +12.5% | — | $1.9B | — |
| Q1 26 | $0.27 | $0.29 | +7.4% | — | $1.6B | — |
| Q4 25 | $0.24 | $0.27 | +12.5% | — | $1.6B | — |
| Q3 25 | $0.23 | $0.28 | +21.7% | — | $1.6B | — |
| Q2 25 | $0.22 | $0.25 | +13.6% | — | $1.6B | — |
| Q1 25 | $0.18 | $0.2 | +11.1% | — | $1.3B | — |
| Q4 24 | $0.16 | $0.18 | +12.5% | — | $1.3B | — |
| Q3 24 | $0.13 | $0.17 | +30.8% | — | $1.3B | — |
| Q2 24 | $0.11 | $0.15 | +36.4% | — | $1.2B | — |
| Q1 24 | $0.05 | $0.11 | +120.0% | — | $1.1B | — |
| Q4 23 | $0.01 | -$0.08 | -900.0% | — | $1B | — |
| Q3 23 | -$0.1 | -$0.06 | +40.0% | — | $1B | — |
| Q2 23 | -$0.14 | -$0.19 | -35.7% | — | $978M | — |
| Q1 23 | -$0.17 | -$0.15 | +11.8% | — | $819M | — |
| Q4 22 | -$0.07 | -$0.18 | -157.1% | — | $768M | — |
| Q3 22 | -$0.1 | -$0.03 | +70.0% | — | $752M | — |
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 | — | $0.59 | — | — | $6.2B | — |
| FY24 | — | $0.03 | — | — | $5B | — |
| FY23 | — | -$0.46 | — | — | $3.9B | — |
| FY22 | — | -$0.54 | — | — | $2.7B | — |
| FY21 | — | -$1.68 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $665M | $823M | $1.7B | $2.7B | $3.9B | $5B | $6.2B |
| YoY change | — | +23.8% | +107.2% | +60.2% | +41.5% | +28.3% | +24.1% |
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 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 665M | 823M | 1.7B | 2.7B | 3.9B | 5B | 6.2B |
| Cost of revenue | 603M | 683M | 1.4B | 2.2B | 3B | 3.8B | 4.6B |
| Gross profit | 62M | 140M | 314M | 511M | 834M | 1.2B | 1.6B |
| Gross margin | 9.32% | 17% | 18.4% | 18.7% | 21.6% | 24% | 25.9% |
| Research & development | 64M | 109M | 163M | 282M | 358M | 351M | 374M |
| Selling, general & administrative | 211M | 251M | 379M | 613M | 763M | 777M | 915M |
| Operating expenses | 275M | 360M | 542M | 895M | 1.1B | 1.1B | 1.3B |
| Operating income | -213M | -220M | -228M | -384M | -287M | 62M | 304M |
| Operating margin | -32% | -26.7% | -13.4% | -14.1% | -7.43% | 1.25% | 4.94% |
| Non-operating income, net | -1M | -16M | -250M | 96M | 6M | -82M | -9M |
| Pretax income | -212M | -248M | -490M | -277M | -244M | 22M | 346M |
| Income tax | -3M | 0 | -3M | -2M | 2M | 3M | 4M |
| Net income | -209M | -248M | -487M | -275M | -246M | 19M | 342M |
| Net margin | -31.4% | -30.1% | -28.6% | -10.1% | -6.36% | 0.38% | 5.56% |
| EBITDA | -204M | -194M | 43M | -455M | -258M | 203M | 377M |
| EPS | -0.45 | -0.54 | -1.68 | -0.54 | -0.46 | 0.03 | 0.59 |
| Diluted EPS | -0.45 | -0.54 | -1.68 | -0.72 | -0.47 | 0.03 | 0.56 |
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 | 1B | 1B | 1.1B | 1.2B | 1.3B | 1.3B | 1.3B | 1.6B | 1.6B | 1.6B | 1.6B | 1.9B |
| Cost of revenue | 806M | 810M | 826M | 956M | 983M | 1B | 991M | 1.2B | 1.2B | 1.2B | 1.2B | 1.4B |
| Gross profit | 226M | 226M | 249M | 286M | 322M | 333M | 346M | 392M | 432M | 423M | 447M | 516M |
| Gross margin | 21.9% | 21.8% | 23.2% | 23% | 24.7% | 24.9% | 25.9% | 25.3% | 26.5% | 25.9% | 27.4% | 27% |
| Research & development | 87M | 94M | 83M | 87M | 89M | 93M | 84M | 91M | 102M | 97M | 97M | 109M |
| Selling, general & administrative | 198M | 188M | 181M | 190M | 199M | 208M | 212M | 220M | 246M | 237M | 240M | 255M |
| Operating expenses | 285M | 282M | 264M | 277M | 288M | 301M | 296M | 311M | 348M | 334M | 337M | 364M |
| Operating income | -59M | -56M | -15M | 9M | 34M | 32M | 50M | 81M | 84M | 89M | 110M | 152M |
| Operating margin | -5.72% | -5.41% | -1.4% | 0.72% | 2.61% | 2.39% | 3.74% | 5.23% | 5.14% | 5.45% | 6.75% | 7.97% |
| Non-operating income, net | 18M | 11M | -77M | -5M | 14M | -12M | -4M | -9M | 7M | -3M | 8M | -1M |
| Pretax income | -31M | -35M | -82M | 14M | 57M | 32M | 58M | 83M | 104M | 101M | 131M | 162M |
| Income tax | 0 | 1M | 1M | 0 | 1M | 0 | 2M | 3M | -1M | 0 | 5M | 8M |
| Net income | -31M | -36M | -83M | 14M | 56M | 32M | 56M | 80M | 105M | 101M | 126M | 154M |
| Net margin | -3% | -3.47% | -7.72% | 1.13% | 4.29% | 2.39% | 4.19% | 5.16% | 6.43% | 6.18% | 7.73% | 8.07% |
| EBITDA | -69M | -54M | 73M | 26M | 47M | 55M | 73M | 106M | 90M | 108M | 112M | 165M |
| EPS | -0.06 | -0.07 | -0.15 | 0.03 | 0.1 | 0.06 | 0.1 | 0.14 | 0.18 | 0.17 | 0.21 | 0.27 |
| Diluted EPS | -0.09 | -0.07 | -0.15 | 0.02 | 0.07 | 0.05 | 0.09 | 0.13 | 0.16 | 0.16 | 0.2 | 0.26 |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | 9.7B | 20.4B | 20.7B | 17.6B |
| Enterprise value | — | — | — | — | 8.6B | 19B | 18.7B | 15.8B |
| Shares outstanding | 461.2M | 461.2M | 289.6M | 511.8M | 532M | 559M | 582M | 582M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 1.1K | 60.4 | 38.9 |
| P/S | — | — | — | — | 2.51 | 4.11 | 3.36 | 2.58 |
| P/B | — | — | — | — | 8.14 | 13.2 | 9.73 | 8.85 |
| EV/EBITDA | — | — | — | — | -33.5 | 93.5 | 49.6 | 33.2 |
| EV/Sales | — | — | — | — | 2.23 | 3.83 | 3.04 | 2.33 |
| Earnings yield | — | — | — | — | — | 0.09% | 1.65% | 2.57% |
| FCF yield | — | — | — | — | 0.96% | 1.5% | 2.94% | 2.7% |
| PEG | — | — | — | — | — | — | — | 0.42 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 9.32% | 17% | 18.4% | 18.7% | 21.6% | 24% | 25.9% | 27% |
| Operating margin | -32% | -26.7% | -13.4% | -14.1% | -7.43% | 1.25% | 4.94% | 7.44% |
| Net margin | -31.4% | -30.1% | -28.6% | -10.1% | -6.36% | 0.38% | 5.56% | 7.14% |
| ROE | 63.3% | 52.7% | -44.6% | -25% | -20.6% | 1.23% | 16.1% | 25.2% |
| ROA | -68.4% | -32% | -28.1% | -15.6% | -12.6% | 0.79% | 10.9% | 8.95% |
| ROIC | 45.2% | 25% | 300% | -224.6% | -251.8% | 35.2% | 196.4% | 127.9% |
| Return on tangible assets | -104.2% | -35.9% | -31.3% | -18.5% | -14.6% | 0.89% | 11.8% | 16.6% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.64 | 4.95 | 4.22 | 2.84 | 2.37 | 2.44 | 2.75 | 2.4 |
| Quick ratio | 1.53 | 4.81 | 4.1 | 2.61 | 2.19 | 2.29 | 2.64 | 2.2 |
| Debt / equity | -0.03 | -0.37 | 0.09 | 0.09 | 0.04 | 0.02 | 0.01 | 0 |
| Debt / assets | 0.03 | 0.22 | 0.06 | 0.05 | 0.02 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | 0.69 | 2.11 | -27.1 | 2.04 | 4.19 | -6.86 | -5.23 | -3.61 |
| Interest coverage | — | -19.7 | -19 | — | — | — | — | — |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 13.6% | 1.16% | 2.41% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 1.44 | 1.78 | 5.89 | 5.34 | 7.27 | 8.87 | 10.6 | 11.6 |
| EPS (basic) | -0.45 | -0.54 | -1.68 | -0.54 | -0.46 | 0.03 | 0.59 | 0.59 |
| EPS (diluted) | -0.45 | -0.54 | -1.68 | -0.72 | -0.47 | 0.03 | 0.56 | 0.78 |
| Book value per share | -0.72 | -1.02 | 3.77 | 2.15 | 2.24 | 2.76 | 3.65 | 3.43 |
| FCF per share | -0.31 | -0.35 | -0.06 | -0.37 | 0.17 | 0.55 | 1.04 | 0.98 |
| Cash per share | 0.33 | 1.26 | 4.37 | 2 | 2.11 | 2.53 | 3.42 | 2.96 |
| Capex per share | 0.02 | 0.06 | 0.04 | 0.03 | — | — | 0.09 | 0.1 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 1.35% | 3.4% | 0.7% | 0.59% | — | — | 0.86% | 0.87% |
| Capex / operating cash flow | -6.56% | -18.1% | -2.88% | -7.55% | — | — | 8.02% | 9.29% |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $1.7B |
| — |
| FY20 | — | -$0.54 | — | — | $823M | — |
| FY19 | — | -$0.45 | — | — | $665M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $1B | $1B | $1.1B | $1.2B | $1.3B | $1.3B | $1.3B | $1.6B | $1.6B | $1.6B | $1.6B | $1.9B |
| YoY change | +37.2% | +34.9% | +31.3% | +27% | +26.5% | +29.2% | +24.4% | +24.8% | +25.1% | +22% | +21.9% | +23.1% |
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 | 150.4M | 582M | 1.3B | 1B | 1.1B | 1.4B | 2B |
| Receivables | 10.7M | 5M | 20M | 45M | 57M | 99M | 103M |
| Inventory | 15.4M | 19M | 42M | 110M | 118M | 118M | 114M |
| Total current assets | 228.5M | 673M | 1.5B | 1.4B | 1.6B | 2B | 2.7B |
| Property, plant & equipment | 20M | 44M | 120M | 138M | 111M | 123M | 132M |
| Goodwill & intangibles | 105.1M | 86M | 180M | 272M | 278M | 266M | 254M |
| Total assets | 305.7M | 776M | 1.7B | 1.8B | 2B | 2.4B | 3.1B |
| Accounts payable | 31.5M | 30M | 40M | 30M | 32M | 37M | 47M |
| Short-term debt | 9.2M | — | 22M | 14M | 11M | — | — |
| Total current liabilities | 139.7M | 136M | 352M | 496M | 663M | 811M | 969M |
| Long-term debt | — | 172M | 77M | 80M | 33M | 24M | 20M |
| Total liabilities | 636.2M | 1.2B | 644M | 663M | 764M | 863M | 1B |
| Shareholders' equity | -330.4M | -471M | 1.1B | 1.1B | 1.2B | 1.5B | 2.1B |
| Total debt | 9.2M | 172M | 99M | 94M | 44M | 24M | 20M |
| Net debt | -141.1M | -410M | -710M | -453M | -561M | -879M | -1.3B |
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 | 1B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.5B | 1.7B | 1.9B | 2B | 1.8B | 1.7B |
| Receivables | 65M | 57M | 60M | 82M | 91M | 99M | 96M | 101M | 97M | 103M | 113M | 111M |
| Inventory | 98M | 118M | 120M | 110M | 106M | 118M | 111M | 103M | 104M | 114M | 136M | 217M |
| Total current assets | 1.5B | 1.6B | 1.7B | 1.7B | 1.8B | 2B | 2.1B | 2.3B | 2.5B | 2.7B | 2.6B | 2.6B |
| Property, plant & equipment | 92M | 111M | 116M | 123M | 126M | 123M | 116M | 118M | 123M | 132M | 138M | — |
| Goodwill & intangibles | 282M | 278M | 276M | 272M | 270M | 266M | 264M | 260M | 258M | 254M | 252M | 248M |
| Total assets | 1.8B | 2B | 2.1B | 2.2B | 2.2B | 2.4B | 2.6B | 2.8B | 3B | 3.1B | 3.1B | 3.2B |
| Accounts payable | 27M | 32M | 49M | 33M | 30M | 37M | 48M | 49M | 50M | 47M | 70M | 40M |
| Short-term debt | 10M | 11M | 11M | 11M | 11M | — | — | — | — | — | — | — |
| Total current liabilities | 574M | 663M | 713M | 736M | 748M | 811M | 844M | 894M | 911M | 969M | 1.1B | 1.1B |
| Long-term debt | 22M | 33M | 30M | 29M | 27M | 24M | 22M | 19M | 18M | 20M | 17M | — |
| Total liabilities | 685M | 764M | 849M | 872M | 807M | 863M | 891M | 949M | 957M | 1B | 1.1B | 1.1B |
| Shareholders' equity | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B | 1.5B | 1.7B | 1.8B | 2B | 2.1B | 2B | 2B |
| Total debt | 32M | 44M | 41M | 40M | 38M | 24M | 22M | 19M | 18M | 20M | 17M | — |
| Net debt | -482M | -561M | -537M | -651M | -723M | -879M | -983M | -1.2B | -1.3B | -1.3B | -1.1B | — |
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 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -209M | -248M | -487M | -275M | -246M | 19M | 342M |
| Depreciation & amortization | 7M | 27M | 21M | 24M | 32M | 46M | 64M |
| Stock-based compensation | 34M | 86M | 159M | 238M | 287M | 258M | 248M |
| Change in working capital | 33M | -43M | -150M | -241M | -140M | -196M | -212M |
| Operating cash flow | -137.1M | -155M | -416M | -212M | -22M | 202M | 661M |
| Capital expenditure | -9M | -28M | -12M | -16M | — | — | -53M |
| Investing cash flow | -41M | -27.8M | -496M | -81M | -44M | 15M | -172M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | 0 | -1M | 0 | 0 | — | -56M | -107M |
| Financing cash flow | 256M | 591M | 514M | 38M | 63M | 79M | 7M |
| Net change in cash | 77.9M | 408.2M | -398M | -255M | -3M | 296M | 496M |
| Free cash flow | -141M | -161M | -17M | -189M | 93M | 306M | 608M |
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 | -31M | -36M | -83M | 14M | 56M | 32M | 56M | 80M | 105M | 101M | 126M | 154M |
| Depreciation & amortization | 8M | 10M | 11M | 12M | 12M | 11M | 19M | 16M | 13M | 16M | 10M | 12M |
| Stock-based compensation | 81M | 71M | 66M | 67M | 65M | 60M | 60M | 60M | 72M | 56M | 54M | 55M |
| Change in working capital | -19M | -39M | -45M | -44M | -40M | -67M | -42M | -37M | -56M | -77M | -66M | -188M |
| Operating cash flow | 54M | 21M | -34M | 67M | 112M | 57M | 116M | 223M | 165M | 194M | 132M | 144M |
| Capital expenditure | 0 | — | — | — | — | — | — | -15M | -12M | -16M | -17M | -14M |
| Investing cash flow | -21M | 10M | -16M | 12M | 21M | -2M | 32M | -38M | -4M | -152M | -75M | -67M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | — | -4M | -32M | -20M | 0 | -17M | -14M | -23M | -53M | -323M | -163M |
| Financing cash flow | 12M | 5M | 73M | -26M | 21M | 11M | 73M | -22M | 19M | -63M | -227M | -185M |
| Net change in cash | 45M | 36M | 23M | 53M | 154M | 66M | 221M | 163M | 180M | -21M | -170M | -108M |
| Free cash flow | 38M | 81M | -33M | 108M | 97M | 134M | 69M | 208M | 153M | 178M | 115M | 130M |