| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q3'26 | 2026-07-28 | 4/12 | 3 high, 3 medium flags | 0 | 2 | Call sheet → |
| Q2'26 | May 5, 2026 | 6/12 | 2 high, 4 medium flags | 3 | 2 | Call sheet → |
| Q1'26 | February 3, 2026 | 5/12 | 3 medium, 4 low flags | 4 | 0 | Call sheet → |
| Q4'25 | November 4, 2025 | 9/12 | 3 medium, 3 low flags | 5 | 1 | Call sheet → |
| Q3'25 | August 5, 2025 | 9/12 | 2 medium, 6 low flags | 6 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q3'26 | Pending | Provide robust free cash flow to support $2 B repurchase Cash fell sharply; free cash flow not disclosed; risk of insufficient liquidity. |
| Q3'26 | On‑track | Design win with leading Android OEM to generate >$1 B through 2030 (Q2) Q3 reaffirmed the win; no quantitative update yet, but still referenced. |
| Q3'26 | Missed | Deliver >10% YoY growth in broad‑markets (Q2) Q3 broad‑markets grew 8% YoY, down from 10% YoY in Q2. |
| Q3'26 | Missed | Maintain dividend payout Q3 announcement to eliminate dividend contradicts Q2 commitment. |
| Q3'26 | Pending | Achieve $500 M of synergies post‑close Synergy target still in pre‑close phase; no evidence yet. |
| Q3'26 | Pending | Close Corvo transaction by early 2027 (Q2 statement) Q3 language moved to “optimistic we can close within calendar year”; still not met. |
| Q2'26 | Missed | Strong cash generation and balance sheet Cash declined $200M, stopped reporting free cash flow metrics |
| Q2'26 | Missed | Managing input cost pressures through controls and pricing Costs accelerated with expedite fees, gold prices pressuring margins |
| Q2'26 | Delivered | Double-digit broad markets growth Achieved 10% YoY growth in Q2 |
| Q2'26 | Delivered | Wi-Fi 7 adoption accelerating Confirmed acceleration with early Wi-Fi 8 engagement |
| Q2'26 | Delivered | Broad markets representing higher mix of business Achieved 42% vs 38% target, mix shift accelerating |
| Q2'26 | Pending | Blended mobile content to be flat year over year Still maintaining flat content expectation, no change |
| Q1'26 | Delivered | WiFi 7 adoption to accelerate Continued strength and already engaging on WiFi 8 |
| Q1'26 | Exceeded | Generate robust free cash flow 33% FCF margin vs 27% prior year |
| Q1'26 | Exceeded | Maintain discipline over discretionary spending OpEx came in at low end of guidance range at $230M |
| Q1'26 | Delivered | Focus on premium Android segments that value integration Android showing double-digit Q1 to Q2 growth |
| Q1'26 | Pending | Broad markets to be more balanced and durable growth engine Still delivering but growth rate decelerating and guiding flat sequentially |
| Q4'25 | Missed | Operating expenses $235M-245M in Q4 $247M actual vs $235-245M guide due to higher incentive accruals |
| Q4'25 | Delivered | Gross margin approximately 47% +/- 50bps in Q4 46.5% came in at bottom of range |
| Q4'25 | Delivered | CFO search process to conclude shortly Philip Carter appointed as permanent CFO |
| Q4'25 | Delivered | WiFi 7 momentum to continue with strong bookings Strong backlog entering FY26 with continued adoption |
| Q4'25 | Delivered | Broad Markets sequential and YoY growth in Q4 3% sequential, 7% YoY growth as promised |
| Q4'25 | Exceeded | Mobile mid-single digit sequential growth in Q4 Delivered 21% sequential growth vs mid-single digit guide |
| Q3'25 | Exceeded | Mobile business seasonal patterns Above seasonal trends with strength continuing into September quarter |
| Q3'25 | Exceeded | Automotive design wins progress First quantification at $60M run rate with multiple named OEM wins |
| Q3'25 | Delivered | Investment in WiFi 7 technology WiFi 7 adoption accelerating, already investing in WiFi 8 |
| Q3'25 | Delivered | Strong free cash flow generation $253M generated though down from Q2's $371M |
| Q3'25 | Delivered | Disciplined inventory management 9th consecutive quarter of inventory reduction, described as 'very thin lean levels' |
| Q3'25 | Delivered | Broad Markets sequential growth continuation 6th consecutive quarter achieved, +2% sequential and accelerating YoY |
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