| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 5, 2026 | 8/12 | 1 high, 3 medium, 4 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | MIPS revenue contribution of $60-100M in FY26, 'trending towards above the midpoint' Full year not complete; this figure was superseded this quarter by a combined MIPS+Synopsys Arc guide of $100-120M. |
| Q2'26 | Pending | FY26 effective tax rate in the 'high teens percentage range' Full year not complete; guide was revised favorably down to mid-teens this quarter. |
| Q2'26 | Pending | FY26 automotive 'low double-digit growth,' sixth consecutive year of double-digit growth Guide maintained this quarter despite a -10% YoY Q2 print, now dependent on a Q4-weighted ramp. |
| Q2'26 | Pending | FY26 smart mobile decline of 'high single digits percentage' Full year not complete; guide was revised worse to a low-teens decline this quarter. |
| Q2'26 | Pending | FY26 CID revenue growth of 'high 30s%' YoY Full year not yet complete; guide was revised upward to 50-60% YoY this quarter, an upward revision, not a delivered result. |
| Q2'26 | Exceeded | Exit 2026 at or above 30% gross margin Management says they 'delivered on our expectation to reach approximately 30% gross margin well before the end of 2026' and now expect ~30% for the full year, not just the exit quarter. |
| Q2'26 | Delivered | Favorable Q1 working capital driving FCF outperformance 'expected to reverse in the second quarter' Q2 adjusted FCF came in at negative $3M, explicitly 'as indicated in our prior quarter's guidance'. |
| Q2'26 | Delivered | Q2 EPS guide of $0.43 +/-$0.05 Actual EPS was $0.46, described as 'at the high end of the guidance range'. |
| Q2'26 | Exceeded | Q2 gross margin guide of 28.5% +/-100bps Actual GM came in at 29.9%, well above the high end of the prior range. |
| Q2'26 | Exceeded | Q2 revenue guide of $1.76B +/-$25M Actual Q2 revenue was $1.786B, management stated results were 'at or above the high end of our guidance ranges'. |
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