| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q3'26 | August 6, 2026 | 7/12 | 2 medium, 4 low flags | 0 | 0 | Call sheet → |
| Q2'26 | May 7, 2026 | 5/12 | 1 high, 3 medium, 4 low flags | 5 | 0 | Call sheet → |
| Q1'26 | February 5, 2026 | 5/12 | 1 high, 4 medium, 3 low flags | 3 | 0 | Call sheet → |
| Q2'25 | May 8, 2025 | 9/12 | 1 high, 2 medium, 4 low flags | 3 | 0 | Call sheet → |
| Q1'25 | February 6, 2025 | 5/12 | 1 high, 3 medium, 4 low flags | 2 | 2 | Call sheet → |
| Q4'24 | November 7, 2024 | 7/12 | 1 high, 3 medium, 2 low flags | 4 | 2 | Call sheet → |
| Q3'24 | August 1, 2024 | 9/12 | 2 medium, 4 low flags | 3 | 1 | Call sheet → |
| Q2'24 | May 2, 2024 | 10/12 | 3 medium, 3 low flags | 3 | 1 | Call sheet → |
| Q1'24 | February 1, 2024 | 4/12 | 3 high, 4 medium, 1 low flags | 2 | 2 | Call sheet → |
| Q4'23 | November 9, 2023 | 6/12 | 2 high, 3 medium, 1 low flags | 5 | 0 | Call sheet → |
| Q3'23 | August 3, 2023 | 6/12 | 3 high, 4 medium, 1 low flags | 1 | 2 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Exceeded | Exit FY26 around 59% gross margin Now targeting 'closer to 60%' exit rate |
| Q2'26 | Pending | 30% North Carolina capacity increase by end of CY26 On track but shifted focus to cycle time reduction vs pure capacity |
| Q2'26 | Delivered | GaN 4 sampling to customers Confirmed sampling but no customer feedback or win commentary |
| Q2'26 | Pending | LEO production to start in 2026 Now saying 'later this year or early next year', timeline slipping |
| Q2'26 | Delivered | Q2 cash flow from operations >$60M Achieved $78.7M, beat by 31% |
| Q2'26 | Exceeded | Gross margin improvements of 25-50 bps quarterly Delivered 90 bps improvement, nearly double the high end |
| Q2'26 | Exceeded | Data Center to achieve 35-40% YoY growth Raised to >60% growth, significantly ahead of plan |
| Q1'26 | Pending | FY2026 CapEx of $50-55M On track with $12.9M in Q1 |
| Q1'26 | Pending | Expand 5G market share Competitor exit helps but no share gains yet visible in numbers |
| Q1'26 | Exceeded | Take advantage of data center growth opportunity Raised guidance from 20% to 35-40% growth |
| Q1'26 | Delivered | Maintain 3% tax rate through FY2026 Kept at 3% as promised |
| Q1'26 | Delivered | Sequential gross margin improvements of 25-50 bps Achieved 50 bps improvement from 57.1% to 57.6% |
| Q1'26 | Pending | Double-digit growth with no less than mid-teens Q1 guidance implies 13-16% YoY, barely meets 'mid-teens' threshold |
| Q2'25 | Pending | Capital expenditures of approximately $30M for FY2025 Q1 $5.3M + Q2 $8.2M = $13.5M through H1, on track |
| Q2'25 | Delivered | Gross margins to remain 57-58% for remainder of FY2025 Q2 at 57.5%, Q3 guided to 56.5-58.5% range |
| Q2'25 | Exceeded | Wolfspeed fab transition within 24 months (by December 2025) Now saying possible transfer before December 2025, ahead of schedule |
| Q2'25 | Pending | $55M SATCOM contract to start ramping revenue in back half of FY2025 Confirmed on track, 75% through development phase, production 6 months away |
| Q2'25 | Pending | Continue steady progress toward $1 billion annual revenue goal Q2 run rate of $944M, needs $250M+ quarters to hit target |
| Q2'25 | Exceeded | Data center will lead with approximately 10% growth in Q2 Delivered 11% sequential growth to $72.2M |
| Q1'25 | Delivered | Generate quarterly cash flow exceeding FY24 levels $66.7M operating cash flow exceeds any FY24 quarter |
| Q1'25 | Delivered | Sequential revenue growth in all end markets for Q1 Data Center +16%, Telecom +7%, I&D +5%, all delivered |
| Q1'25 | Pending | Qualification of European semiconductor 6-inch line by end of calendar 2025 Not mentioned this quarter but deadline still 10 months away |
| Q1'25 | Missed | Increase NPI capacity by 50% year-over-year Never mentioned this quarter, prior admission of only 15% increase |
| Q1'25 | Missed | Exit FY25 with 59% gross margin Already walked back to 57-58% for full year, structural issues at Lowell fab |
| Q1'25 | Pending | Build company to $1B annual revenue run rate by FY26 Q1 at $218M annualizes to $872M, need $250M quarterly for $1B target |
| Q4'24 | Delivered | Maintain 3% tax rate through FY24 Maintained 3% rate as promised |
| Q4'24 | Delivered | $25M CapEx for FY24 Actual was $22.4M, came in under budget |
| Q4'24 | Exceeded | Cash flow from operations in Q4 exceeding $35M Generated $62.3M, crushing the $35M target by 78% |
| Q4'24 | Delivered | Data center sequential growth in Q4 Delivered 14.7% sequential growth, beating low-to-mid teens guide |
| Q4'24 | Missed | 50% increase in new product introductions year-over-year Achieved only 15% increase. Management explicitly admitted falling short. |
| Q4'24 | Missed | 60% gross margin target through operational improvements Still at 58.1%, admitted fab utilization issues preventing target achievement |
| Q3'24 | Pending | $55M SATCOM contract to begin revenue late FY25 Design phase for 9 months, then production, on track |
| Q3'24 | Exceeded | Q3/Q4 quarterly cash generation >$35M Q3 delivered $49M operating cash flow, well above target |
| Q3'24 | Pending | Gross margins to trend back towards 60% 57.5% in Q3, up 40bps but still 250bps below target |
| Q3'24 | Missed | I&D low single-digit growth in Q3 Flat at $90.9M, missed growth expectation |
| Q3'24 | Delivered | Telecom mid-single digit growth in Q3 7.1% growth achieved, within guided range |
| Q3'24 | Delivered | Data center to lead Q3 with low double-digit growth Delivered 13.6% sequential growth, beat the promise |
| Q2'24 | Delivered | Improve inventory turns in RF business Total turns improved from 1.6x to 1.8x |
| Q2'24 | Delivered | Core MACOM margins to stay above 60% Confirmed holding at 60% despite revenue pressure |
| Q2'24 | Missed | Return consolidated margins to 60%+ as business recovers Margins compressed to 57.1%, timeline pushed out |
| Q2'24 | Pending | Modest sequential improvements in revenue through FY24 Q3 guide shows 3-6% growth, on track so far |
| Q2'24 | Pending | RF business to be accretive to Q2 earnings Claims will add 'about a penny' but margins worse than expected |
| Q2'24 | Delivered | RF business to contribute ~$30M in Q2 Delivered 'a little bit higher' than $30M target |
| Q1'24 | Pending | 50% more new products in FY24 No baseline given, includes Wolf products so not organic |
| Q1'24 | Delivered | Wolf integration to be fully operational at closing Claims systems integrated within days of closing |
| Q1'24 | Delivered | Close Wolfspeed acquisition before end of December Closed December 2, 2023 |
| Q1'24 | Pending | Capital expenditures in range of $30-35M for full year Q1 at $4.7M, on track |
| Q1'24 | Pending | Generate enough cash from Wolf to provide 100% return in ~3 years Now projecting $20M year one, $35M year two, $45M year three, barely gets there |
| Q1'24 | Missed | Maintain adjusted gross margins in excess of 60% Already below 60% at 59.2% in Q1 |
| Q1'24 | Missed | Industrial and Defense positioned for continued growth I&D revenue down 3% sequentially, industrial weakness spreading |
| Q1'24 | Pending | Wolfspeed RF business to be immediately accretive to non-GAAP earnings Claiming 'modestly contribute' in Q2, about a penny, technically delivered but weak |
| Q4'23 | Pending | European Semiconductor Center integration on schedule Mentioned formal establishment but no revenue contribution yet |
| Q4'23 | Delivered | I&D down mid-single digits in Q4 Down 5% sequentially as guided |
| Q4'23 | Exceeded | Data Center up 10% QoQ in Q4 Delivered 52% sequential growth, massively exceeded |
| Q4'23 | Delivered | Q4 revenue $148-152M Hit $150.4M, within guidance range |
| Q4'23 | Delivered | Similar turns level in Q4 as Q3 (around 18%) Came in at 16%, close to guidance |
| Q4'23 | Exceeded | Book-to-bill around 0.9 to 1 in Q4 Delivered 1.1 book-to-bill, exceeding expectations |
| Q3'23 | Pending | 30% more new products this fiscal year Mentioned in Q2 but no update provided in Q3; likely deprioritized |
| Q3'23 | Missed | OMMIC closing in fiscal third quarter Deal did not close in Q3; pushed to future period without new timeline |
| Q3'23 | Pending | Operating margins will improve as revenue recovers Dropped to 24.9% from 33.4%; recovery dependent on revenue rebound |
| Q3'23 | Pending | Full year FY23 revenues down 4-5% Q4 guide implies ~$150M needed to hit target; achievable but tight |
| Q3'23 | Pending | Manage external sales channel inventories down in Q4 Claimed Q3 reduction but no quantification provided |
| Q3'23 | Missed | Reduce net inventory balance through FY2023 Inventory increased $7.1M to $139M despite weak demand environment |
| Q3'23 | Delivered | Bookings will begin to improve in Q3 Book-to-bill improved to 0.9 from 0.5, though still below 1.0 |
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