| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 5, 2026 | 7/12 | 2 medium, 1 low flags | 0 | 0 | Call sheet → |
| Q1'26 | May 7, 2026 | 6/12 | 1 high, 4 medium, 3 low flags | 2 | 0 | Call sheet → |
| Q4'25 | February 4, 2026 | 3/12 | 2 high, 3 medium, 2 low flags | 3 | 1 | Call sheet → |
| Q3'25 | November 6, 2025 | 7/12 | 1 high, 4 medium, 2 low flags | 4 | 0 | Call sheet → |
| Q2'25 | August 6, 2025 | 2/12 | 2 high, 4 medium, 2 low flags | 3 | 1 | Call sheet → |
| Q1'25 | May 7, 2025 | 3/12 | 3 high, 4 medium, 1 low flags | 2 | 1 | Call sheet → |
| Q4'24 | February 5, 2025 | 3/12 | 3 high, 5 medium, 1 low flags | 1 | 1 | Call sheet → |
| Q3'24 | November 6, 2024 | 8/12 | 1 high, 5 medium, 2 low flags | 4 | 0 | Call sheet → |
| Q2'24 | August 7, 2024 | 6/12 | 1 high, 3 medium, 2 low flags | 3 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q1'26 | Pending | Maintain 25-30% long-term growth rate post-Renesas Raising 2026 to 80%+ suggests either pulling forward growth or one-time surge |
| Q1'26 | Pending | Each of automotive, defense, and industrial to exceed $100M annually Combined only at $85M run rate currently, needs significant acceleration |
| Q1'26 | Pending | Renesas acquisition to close by end of 2026 Now just saying 'on track' without confirming timeline |
| Q1'26 | Exceeded | CED to reach 40-50% of revenue Now at 66.6% of revenue, significantly above target range |
| Q1'26 | Pending | Achieve 65% gross margin and 30% operating margin targets in Q2 2026 Guiding to 65% gross margin; operating margin should hit 30%+ based on guidance |
| Q1'26 | Delivered | Exit 2025 at greater than 60% gross margins Achieved 61.2% in Q4 2025, exceeded to 64.5% in Q1 2026 |
| Q4'25 | Delivered | Operating leverage improvement Operating margin expanded to 30% from 18% prior quarter |
| Q4'25 | Delivered | Continued triple-digit growth in CED 160% growth marks 7th consecutive quarter over 100% |
| Q4'25 | Missed | Titan resonator to drive meaningful revenue in coming year Pushed out to late 2026/2027, major timeline slip |
| Q4'25 | Pending | CED to grow sequentially in Q1 Q1 guidance implies this is happening given overall growth |
| Q4'25 | Delivered | Exit 2025 with gross margins greater than 60% Hit 61.2% in Q4, meeting the target |
| Q3'25 | Delivered | Continue to invest in R&D and customer acquisition while improving leverage R&D at $18.5M with operating margin expanding to 18.4% |
| Q3'25 | Pending | 40% revenue growth for full year 2025 Q3 at 45% YoY but deceleration concerning, needs strong Q4 |
| Q3'25 | Pending | Symphonic to contribute to revenue and grow significantly in 2026 Contributing now but 2026 growth still uncertain, language softened this quarter |
| Q3'25 | Delivered | CapEx to step down from Q2 levels in second half $5.1M in Q3 vs $18.3M in Q2, massive reduction as promised |
| Q3'25 | Delivered | Gross margin expansion with revenue growth from new products 58.8% in Q3 vs 58.2% in Q2, modest but directionally correct |
| Q3'25 | Delivered | Expect sequential revenue growth in each of Q3 and Q4 Q3 grew 20% sequentially, on track for Q4 |
| Q2'25 | Missed | 25-30% growth for base business plus additional from new design win Now claiming 'at least 40%' but Q2 only grew 58% YoY vs 83% in Q1, clear deceleration |
| Q2'25 | Delivered | Operating expenses in range of $33-33.5M $33.3M actual, right in guided range |
| Q2'25 | Pending | CED business to continue to grow through 2025 Still growing but deceleration from 198% to 137% YoY is concerning |
| Q2'25 | Pending | 60% gross margin target by end of year At 58.2%, needs 180 bps in 2 quarters. Notably didn't reaffirm this target explicitly |
| Q2'25 | Exceeded | Gross margins to be approximately flat compared with Q1 Gross margin expanded 80 bps to 58.2% vs flat guidance |
| Q2'25 | Delivered | Expect strength to continue in Q2 Q2 revenue of $69.5M beat their implied $64.7M midpoint guidance |
| Q1'25 | Pending | 5G success starting in 2026 Pushed out timeline, now saying 'isn't particularly large' |
| Q1'25 | Missed | Revenue growth much faster than OpEx Revenue declined sequentially while OpEx stayed flat |
| Q1'25 | Pending | 60% gross margin target Still at 57.4%, language softening to 'working towards' |
| Q1'25 | Pending | Continued CED strength through 2025 Q1 showed 198% YoY growth, tracking well so far |
| Q1'25 | Delivered | Q1 operating expenses roughly flat sequentially OpEx came in at $32.5M, exactly flat |
| Q1'25 | Exceeded | Gross margins of approximately 57% for Q1 Delivered 57.4%, slight beat |
| Q4'24 | Delivered | Q4 to grow sequentially Achieved with 18% sequential growth to $68.1M |
| Q4'24 | Pending | Revenue growth of approximately 30% in 2025 No reiteration of 30% target, only vague 'growth to continue' |
| Q4'24 | Pending | Clocking revenue approaching $100M in next few years Added caveat that revenue 'still relatively small this year and next year' |
| Q4'24 | Pending | Begin automotive volume shipments in 2025 Not mentioned at all this quarter, concerning omission |
| Q4'24 | Pending | CED growing well in excess of 30% in 2025 Notably absent from guidance, only said 'will lead growth' |
| Q4'24 | Missed | Getting back to 60% gross margin by H2 2025 Walked back to 'over time' with no timeline commitment |
| Q3'24 | Pending | 30% annual growth target Appears on track with 62% YoY growth in Q3, but full year TBD |
| Q3'24 | Pending | Both Q3 and Q4 to grow sequentially Q3 delivered 31% sequential growth, Q4 guided for continued growth |
| Q3'24 | Exceeded | CED to grow at fastest rate, more than 50% for the year Tracking to 'more than double' per management, well above 50% |
| Q3'24 | Delivered | Gross margins stable to slightly improving toward 58% Hit 58.1%, though improvement was minimal at +40bps |
| Q3'24 | Delivered | Return to operating profitability in Q3 Generated $4M operating profit vs prior quarter loss |
| Q3'24 | Exceeded | Q3 revenue guidance of $55M at midpoint Delivered $57.7M, beat by $2.7M or 5% |
| Q2'24 | Pending | Gross margins to improve in H2 Q3 guided flat to slight improvement only |
| Q2'24 | Delivered | Inventory normalization by end of Q2 Confirmed inventory at normal levels but CFFO went negative |
| Q2'24 | Pending | Small single-digit millions from Aura by late 2024 Not mentioned this quarter, suggesting delay |
| Q2'24 | Delivered | All end markets expected to grow in 2024 All three segments showed double-digit YoY growth in Q2 |
| Q2'24 | Pending | Return to target 30% growth rate On track but requires ~$68M in Q4 to achieve |
| Q2'24 | Delivered | Sequential growth throughout Q2, Q3, and Q4 2024 Q2 delivered 33% sequential growth, Q3 guided for 25% sequential |
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