| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 23, 2026 | 7/12 | 1 high, 5 medium, 2 low flags | 3 | 1 | Call sheet → |
| Q1'26 | April 23, 2026 | 9/12 | 4 medium, 4 low flags | 3 | 1 | Call sheet → |
| Q4'25 | January 22, 2026 | 9/12 | 1 high, 3 medium, 2 low flags | 6 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Exceeded | DCAI up double digits sequentially in Q2 Delivered +24% QoQ, well above double digits |
| Q2'26 | Delivered | Gross margins solidly in the 40s every quarter 41.8% in Q2, guiding 42% for Q3, promise kept |
| Q2'26 | Pending | PC TAM down low double-digit percent for 2026 Maintained bearish view despite Q2 strength |
| Q2'26 | Pending | 0.9 PDK for 14A in October Reconfirmed timeline, critical milestone to watch |
| Q2'26 | Missed | Concrete external foundry signals in back half of year Pushed to 2026-2027, no customer announcements despite Q2 promise |
| Q2'26 | Delivered | Supply will go up every quarter going forward Q2 supply did increase, but they're now hedging on Q3 linearity |
| Q1'26 | Pending | We expect positive adjusted free cash flow for the full year Reiterated for 2026 despite Q1 negative $2B - depends on H2 execution |
| Q1'26 | Missed | We forecast capital expenditures in 2026 to be flat to down Revised from explicit '$16B target' to vague 'flat to down slightly' - less commitment |
| Q1'26 | Pending | We expect customers will begin to make firm supplier decision starting in second half of this year Timeline pushed to 2026-2027 window, not H2 2025 as previously indicated |
| Q1'26 | Exceeded | Intel 18A yields continue to improve steadily as we work to ramp supply Hitting yield targets 6 months early, ahead of internal projections |
| Q1'26 | Delivered | Supply constraints are most acute in Q1 with improvement beginning Q2 Confirmed Q1 was trough, guiding sequential growth Q2 with continued improvement |
| Q1'26 | Exceeded | We committed to deliver our first Series 3 SKU by the end of 2025 Delivered 3 SKUs vs committed 1 SKU by end of 2025 |
| Q4'25 | Delivered | NVIDIA $5 billion investment to close by end of Q4 Confirmed closed in Q4 as expected |
| Q4'25 | Delivered | Continue to deliver revenue above guidance Fifth consecutive quarter beating guidance, pattern established |
| Q4'25 | Delivered | Q4 revenue range $12.8-13.8B Came in at $13.7B, high end of range-fifth consecutive beat |
| Q4'25 | Pending | Focus on capability and scalability in foundry, only add capacity with committed external demand Still waiting for customer commitments in 2H 2026 before capacity additions |
| Q4'25 | Delivered | Fab 52 Arizona fully operational for 18A high-volume manufacturing Confirmed operational and shipping 18A products |
| Q4'25 | Delivered | Intel 18A yields progressing at predictable rate Confirmed yields in line with internal plans, now quantified at 7-8% improvement per month |
| Q4'25 | Exceeded | On track to bring Panther Lake to market by year-end with first SKU Delivered 3 SKUs instead of 1, launched ahead of expectations |
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