| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'27 | August 27, 2026 | 4/12 | 1 high, 2 medium flags | 0 | 0 | Call sheet → |
| Q4'26 | 2026-03-05 | 9/12 | 4 medium, 2 low flags | 3 | 0 | Call sheet → |
| Q3'26 | December 2, 2025 | 8/12 | 2 medium, 6 low flags | 4 | 0 | Call sheet → |
| Q1'26 | 2025-05-29 | 6/12 | 2 medium, 4 low flags | 6 | 0 | Call sheet → |
| Q4'25 | March 5, 2025 | 8/12 | 3 medium, 4 low flags | 5 | 1 | Call sheet → |
| Q3'25 | December 3, 2024 | 11/12 | 2 medium, 4 low flags | 6 | 0 | Call sheet → |
| Q2'25 | 2024-08-29 | 11/12 | 1 medium, 5 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q4'26 | Delivered | AEC and retimer revenue to more than double from this year to next year Confirmed more than doubling to ~$200M range for FY27 |
| Q4'26 | Pending | Sample UALink 115T and 57T solutions in second half of fiscal 2027 Timeline unchanged, volume production still expected FY28 |
| Q4'26 | Pending | Celestial meaningful revenue contributions to begin in second half of fiscal 2028 Timeline unchanged, $500M annualized run rate Q4 FY28 target added |
| Q4'26 | Pending | Custom business to at least double year-over-year in fiscal 2028 Still committed to doubling in FY28, but FY27 growth expectation reduced |
| Q4'26 | Exceeded | Data center switch revenue to surpass $500 million next fiscal year Raised to over $600M for FY27 - 20% higher than promised |
| Q4'26 | Exceeded | We expect our data center revenue to grow year-over-year by more than 25% next fiscal year Now expecting 40% growth in data center for FY27 - significantly exceeded |
| Q3'26 | Delivered | Switching revenue to exceed $300M this fiscal year Confirmed achieved and raised target to $500M+ next year |
| Q3'26 | Pending | Sequential revenue growth every quarter next year New promise made this quarter, sets high bar for execution |
| Q3'26 | Delivered | Non-GAAP EPS $0.69-$0.79 range for Q3 Achieved $0.76, at midpoint and exceeded by $0.02 vs internal expectations |
| Q3'26 | Exceeded | Total company revenue $2.06B midpoint for Q3 Delivered $2.075B, above midpoint of guidance range |
| Q3'26 | Delivered | Data center revenue flat sequentially in Q3 with optics strength offset by custom decline Delivered exactly as guided: +2% data center growth with strong optics, weaker custom |
| Q3'26 | Pending | Custom business to grow in second half of fiscal year compared to first Q3 declined sequentially, banking on Q4 recovery. Still achievable but narrow window. |
| Q1'26 | Exceeded | Enterprise/carrier aggregate growth approximately 10% in Q1 Delivered 14% sequential growth |
| Q1'26 | Delivered | Data center sequential growth in mid-single digits for Q1 Delivered 5% sequential growth as guided |
| Q1'26 | Delivered | Continue to drive strong operating leverage Operating margin expanded to 34.2% despite gross margin pressure |
| Q1'26 | Delivered | Strong year-over-year revenue growth in fiscal 2026 Q1 up 63% YoY, Q2 guide implies 57% YoY |
| Q1'26 | Delivered | Follow-on generation XPU engagement fully underway Secured 3nm capacity, progressing as promised |
| Q1'26 | Pending | Expect to very significantly exceed $2.5B target in fiscal 2026 On track based on Q1 performance and Q2 guide |
| Q1'26 | Exceeded | AI revenue substantially above $1.5B target for fiscal 2025 Delivered well above target, though exact number not disclosed |
| Q4'25 | Delivered | Return to GAAP profitability $0.23 GAAP EPS in Q4 |
| Q4'25 | Delivered | Auto/industrial growth low-to-mid single digits Q4 Up 3% fits range |
| Q4'25 | Missed | Consumer decline mid-teens Q4 Down only 8% vs mid-teens guide |
| Q4'25 | Exceeded | Enterprise and carrier revenue growth mid-teens Q4 Delivered 18% vs mid-teens guide |
| Q4'25 | Exceeded | Significantly exceed $1.5B AI revenue target for fiscal 2025 Confirmed substantially above target |
| Q4'25 | Delivered | Strong sequential growth in low-to-mid 20% range for Q4 data center Data center up 24% Q/Q, hit the range |
| Q3'25 | Delivered | Return to year-over-year revenue growth Achieved 7% YoY growth in Q3, guiding 26% YoY Q4 |
| Q3'25 | Delivered | Optics revenue grow every quarter this fiscal year Grew double-digits sequentially in Q3, continuing streak |
| Q3'25 | Exceeded | Custom silicon meaningful ramp in second half FY25 Became largest growth driver, significantly ahead of expectations |
| Q3'25 | Delivered | Enterprise/carrier combined growth mid-single digits Q3 Delivered 4% combined growth, now upgraded to mid-teens Q4 |
| Q3'25 | Delivered | Drive sequential growth in all end markets in Q3 All segments grew sequentially as promised |
| Q3'25 | Exceeded | Significantly exceed $1.5B AI revenue target for fiscal 2025 Now tracking 'hundreds of millions' ahead with one quarter left |
| Q2'25 | Pending | Start production shipments of 51.2T switch later this year Reaffirmed timeline for later this fiscal year |
| Q2'25 | Exceeded | AI revenue target of $1.5B for fiscal 2025 Now 'significantly exceeding' this target |
| Q2'25 | Pending | Very substantial ramp in custom silicon in second half Q3 guide suggests this is materializing with custom as largest growth driver |
| Q2'25 | Delivered | Custom AI silicon beginning to ramp in first half Started shipments Q1, ramping Q2 as promised |
| Q2'25 | Delivered | Enterprise/carrier flat sequential in Q2 Enterprise flat, carrier up slightly as expected |
| Q2'25 | Exceeded | Consumer revenue to approximately double sequentially in Q2 Consumer grew 112% sequential vs 'double' guidance |
| Q2'25 | Delivered | Data center revenue growth mid-single digits sequentially in Q2 Achieved 8% sequential growth vs mid-single digit guidance |
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