| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q3'26 | August 13, 2026 | 7/12 | 2 medium, 3 low flags | 0 | 0 | Call sheet → |
| Q2'26 | May 14, 2026 | 11/12 | 1 medium, 5 low flags | 5 | 0 | Call sheet → |
| Q1'26 | February 12, 2026 | 3/12 | 1 high, 4 medium, 1 low flags | 0 | 0 | Call sheet → |
| Q4'25 | 2025-11-13 | 10/12 | 2 medium, 4 low flags | 3 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Exceeded | Services growth supported by expanding installed base and higher attachment AGS grew 17% YoY and raised growth expectations to mid-teens sustainable |
| Q2'26 | Pending | Lead times are improving as we qualify additional suppliers No specific update on lead time improvements, but 8-quarter planning suggests still constrained |
| Q2'26 | Delivered | We continue to expand capacity in critical product lines Nearly doubled manufacturing capacity and CapEx jumped 65% sequential |
| Q2'26 | Exceeded | Advanced packaging is a strong growth vector Now forecasting 50%+ growth vs. prior qualitative 'strong growth' language |
| Q2'26 | Delivered | Memory is improving, led by DRAM and HBM-related investments DRAM revenue grew 18% YoY to $1.7B, ahead of expectations |
| Q2'26 | Exceeded | Foundry-logic remains healthy with strength at leading nodes Delivered record foundry revenue with 16% sequential growth in Semiconductor Systems |
| Q1'26 | Pending | Services double-digit growth continuation No Q1 growth rate provided to assess trajectory |
| Q1'26 | Pending | Continue market share gains in gate-all-around Maintained confidence but provided no win rate metrics |
| Q1'26 | Pending | Sustainable margin improvements over time No margin targets provided, just directional commentary |
| Q1'26 | Pending | Double advanced packaging business to $3B Completely stopped updating progress on this key target |
| Q1'26 | Pending | EPIC Center operations to begin next year No update provided on construction timeline or operational readiness |
| Q1'26 | Pending | Record year in 2026 with revenue weighted toward second half Cannot assess without Q1 baseline numbers, but maintained second-half weighting guidance |
| Q4'25 | Delivered | Leading-edge foundry/logic and DRAM as fastest-growing segments DRAM customers up 50%, positioning confirmed for 2026 |
| Q4'25 | Delivered | Six consecutive year of growth in fiscal 2025 Achieved 4% revenue growth despite trade headwinds |
| Q4'25 | Pending | Advanced packaging business to more than double to $3B+ per year Language softened to 'over the next few years' from 'per year' |
| Q4'25 | Pending | EPIC Center to begin operations in spring 2026 Still on track, construction progressing as planned |
| Q4'25 | Missed | Gate-all-around revenue of nearly $5B reduced to just over $4.5B Revised down by $500M but management now claims 'high confidence' in outperformance |
| Q4'25 | Delivered | Expected China business to be lower in Q4 and several quarters of digestion China dropped from 35% to 25% as predicted, and management expects this level to continue |
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