| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 29, 2026 | 4/12 | 1 high, 3 medium, 3 low flags | 2 | 1 | Call sheet → |
| Q1'26 | April 29, 2026 | 9/12 | 4 medium, 4 low flags | 4 | 1 | Call sheet → |
| Q4'25 | February 3, 2026 | 10/12 | 3 medium, 3 low flags | 6 | 0 | Call sheet → |
| Q3'25 | October 29, 2025 | 10/12 | 1 high, 3 medium, 2 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Missed | Achieve 55‑60% of FY revenue in H1 Revised down to 50‑52% in Q2 guidance. |
| Q2'26 | Partial | IST (HDD) demand to accelerate in H2 2026 IST revenue jumped 94% YoY in Q2, but the bulk of the ramp is still expected in H2. |
| Q2'26 | Missed/unclear | Low single‑digit memory share gain in 2026 Management now says memory share may be flat; no quantitative gain reported. |
| Q2'26 | On track | Opening of a U.S. robotics manufacturing center later in 2026 U.S. sales now 32% of robotics revenue; management said center is on track. |
| Q2'26 | Exceeded | Robust double‑digit YoY growth for the year Revenue up 84% YoY (mid‑point) and 100% YoY at the high‑water mark. |
| Q2'26 | Delivered | First multi‑system production test orders for Merchant GPU were to be delivered in Q1 Shipment completed in Q2; first order qualified and shipped. |
| Q1'26 | Missed | First half 2026 weighted at approximately 60% of annual revenue Expanded range to 55-60%, hedging from specific 60% estimate |
| Q1'26 | Pending | Robotics breakeven targeted for 2026 Q1 showed growth but profitability metrics not disclosed |
| Q1'26 | Delivered | IST strong revenue growth from expanded customer base New HDD customer ramping, compute SLT customers contributing |
| Q1'26 | Delivered | Continued share gains in HBM and DRAM Memory business at record levels with new Magnum 7 ramping |
| Q1'26 | Delivered | Memory market resurgent with low double-digit TAM growth Memory revenue at record $203M levels supporting TAM growth view |
| Q1'26 | Exceeded | Robust double-digit year-over-year growth expected for 2026 Q1 delivered 87% YoY growth, well above double-digit promise |
| Q4'25 | Exceeded | Memory market driven by HBM and AI-related DRAM Memory hit record $206M, 90% DRAM/HBM mix |
| Q4'25 | Exceeded | IST strength in SLT shipments IST delivered 50%+ growth for full year with multiple new customers |
| Q4'25 | Delivered | Robotics slow crawl up from Q1 trough Third consecutive quarter of growth, reached $89M in Q4 |
| Q4'25 | Exceeded | AI demand to drive compute, networking, and memory growth AI jumped from 50% to 60%+ of revenue, accelerating into Q1 |
| Q4'25 | Delivered | Q4 gross margins 57%-58% Achieved 57.2%, within range despite supply chain headwinds |
| Q4'25 | Exceeded | Q4 sales $920M-$1B, non-GAAP EPS $1.20-$1.46 Delivered $1.083B revenue and $1.80 EPS, both above high end |
| Q3'25 | Delivered | Mobile expectations modest for Q3 and second half generally (Q2 call) Mobile conditions remained weak as expected, bulk of mobile demand satisfied in first half |
| Q3'25 | Delivered | Large robotics customer plan of record not material to 2025 revenue (Q2 call) Confirmed no material 2025 impact, still positioned as 2026 needle mover |
| Q3'25 | Delivered | Visibility starting to improve driven by AI demand (Q2 call) Much more confident tone, projects accelerating, second half view up 50%+ from 3 months ago |
| Q3'25 | Pending | Robotics second half better than first half (Q2 call) Q3 flat with Q2, Q4 seasonal uplift expected but still working through strategic shift |
| Q3'25 | Delivered | AI compute to be dominant driver of SOC business in second half (Q2 call) AI now 50% of Q3 revenue, 60% expected in Q4 |
| Q3'25 | Delivered | Memory revenue expected to snap back in second half (Q2 call) Memory revenue doubled from Q2 $61M to Q3 $128M as promised |
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