| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 5, 2026 | 8/12 | 1 high, 3 medium, 3 low flags | 2 | 1 | Call sheet → |
| Q1'26 | April 29, 2026 | 5/12 | 3 high, 4 medium, 1 low flags | 1 | 1 | Call sheet → |
| Q4'25 | February 4, 2026 | 7/12 | 1 high, 4 medium, 1 low flags | 1 | 2 | Call sheet → |
| Q3'25 | October 29, 2025 | 4/12 | 1 high, 4 medium, 2 low flags | 2 | 2 | Call sheet → |
| Q2'25 | July 30, 2025 | 5/12 | 2 high, 5 medium, 1 low flags | 4 | 1 | Call sheet → |
| Q1'25 | April 30, 2025 | 4/12 | 3 high, 4 medium, 2 low flags | 3 | 0 | Call sheet → |
| Q4'24 | February 5, 2025 | 3/12 | 3 high, 4 medium, 1 low flags | 1 | 2 | Call sheet → |
| Q3'24 | October 30, 2024 | 6/12 | 2 high, 4 medium, 1 low flags | 2 | 3 | Call sheet → |
| Q2'24 | July 31, 2024 | 5/12 | 2 high, 4 medium, 1 low flags | 3 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | 15%-20% annual revenue growth for three years and doubling of earnings from 2025 to 2027 Multi-year target not yet due; this quarter the 'double earnings' framing was dropped entirely and replaced with a revenue-only reaffirmation for 2027/2028, a silent goalpost shift worth flagging even though it is technically still pending. |
| Q2'26 | Pending | Penang facility expected to reach breakeven by Q4 2026, 'would be very surprised' if not earlier Timeline reaffirmed but language softened from near-certainty to 'we hope to get' late Q3/Q4; deadline has not yet passed. |
| Q2'26 | Pending | FY2026 CapEx raised to a range of $300M-$320M Full year not yet complete; this quarter the range was pushed up again by roughly $45 million at both ends per the 10-Q disclosure, a revision rather than a delivery or a miss. |
| Q2'26 | Exceeded | Q2 2026 A&D end market expected to represent 36% of total sales Actual A&D mix came in at 37% of Q2 sales. |
| Q2'26 | Missed | Q2 2026 data center/networking end market expected to represent 42% of net sales Actual mix came in at 40% of Q2 sales despite 91% YoY segment growth; a mix-guidance miss inside an overall revenue beat. |
| Q2'26 | Exceeded | Q2 2026 guidance: net sales $930M-$970M, non-GAAP EPS $0.82-$0.88 Actual Q2 sales of $1.0B and EPS of $0.99 both came in above the high end of guidance. |
| Q1'26 | Missed | Normal CapEx of 4-5% of sales Current $310M guidance is 10.7% of sales at midpoint, more than double normal |
| Q1'26 | Delivered | China capacity additions of $200-300M over 2-3 years Accelerated spending with $310M in 2026 alone, pulled forward entire program |
| Q1'26 | Pending | Penang headwind cut in half to 80 bps by year end Currently at 80 bps per commentary, achieved early but breakeven timeline pushed out |
| Q1'26 | Pending | Syracuse first revenues in H2 2026 Reiterated as 'exactly on track' but no customer names or volume commitments |
| Q1'26 | Pending | Double earnings from 2025 to 2027 Q1 at $0.75 vs $0.50 prior year is 50% growth, on track but FCF tells different story |
| Q1'26 | Pending | Grow revenues 15-20% per year for next 3 years Q1 delivered 30% YoY but guided Q2 implies only 20% YoY at midpoint, deceleration beginning |
| Q4'25 | Delivered | No significant tariff impact Confirmed again no direct impact seen |
| Q4'25 | Pending | Syracuse volume production H2 2026 Reiterated timeline but added qualifier 'just' suggesting pressure |
| Q4'25 | Pending | Customer qualifications in Penang by year-end No confirmation of completion, just mentioned 'discussing with lead customers' |
| Q4'25 | Missed | Penang margin headwind improvement to 160bp Actual headwind was 180bp, 20bp worse than guided |
| Q4'25 | Missed | Penang growth in Q4 Revenue flat at $5M vs Q3, no meaningful growth despite promise |
| Q3'25 | Delivered | Maintain segment reporting clarity New segments reported but killed other key metrics |
| Q3'25 | Missed | Wisconsin facility equipment timing with customer demand Complete radio silence on Wisconsin this quarter |
| Q3'25 | Delivered | Second Penang facility construction aligned with demand They're aligning by not breaking ground, technically delivered but bearish |
| Q3'25 | Pending | Syracuse volume production in second half 2026 Maintained timeline but no acceleration despite equipment delivery |
| Q3'25 | Pending | Complete qualification with all 5 Penang customers by year end Still 2 customers unqualified with 2 months left |
| Q3'25 | Missed | Penang reaching breakeven ($30-35M quarterly) by end of Q3 Only at $5M, now giving no timeline for breakeven |
| Q2'25 | Delivered | Data center computing to represent 21% of Q2 sales Hit 21% exactly as guided |
| Q2'25 | Delivered | Q2 A&D to represent about 45% of total sales A&D was exactly 45% of Q2 revenue as guided |
| Q2'25 | Delivered | Continue to monitor tariff impacts closely Provided detailed tariff analysis showing 3-4% direct revenue impact |
| Q2'25 | Delivered | Penang revenue ramp to accelerate in Q2 Revenue did increase from $2.2M to $5.2M but still far below plan |
| Q2'25 | Pending | Syracuse production to start middle of 2026 Pushed to 'second half of 2026', suggesting 3-6 month delay already |
| Q2'25 | Missed | Penang to reach breakeven levels towards the end of Q3 Now saying 'likely insufficient to reach breakeven by end of Q3' and won't commit to any timeline |
| Q1'25 | Delivered | Operating margin improvement from reduced seasonality 10.5% margins in Q1 vs historical 7-8% range |
| Q1'25 | Pending | Continue to see growth above market rates in A&D 15% YoY growth delivered, but backlog declining raises questions |
| Q1'25 | Exceeded | Q1 non-GAAP EPS $0.37-0.43 Delivered $0.50, beat by $0.07 or 16% |
| Q1'25 | Exceeded | Q1 revenue $600-640M Delivered $648.7M, beat high end by $8.7M |
| Q1'25 | Pending | Huntington closure by middle of 2025 Mentioned but no progress update provided |
| Q1'25 | Pending | Syracuse initial production in 2026 Quietly pushed to 'middle of 2026' from just '2026' |
| Q1'25 | Pending | Penang to reach breakeven towards end of Q3 Reiterated but with less confidence, added 'hoping' qualifier |
| Q4'24 | Delivered | Data center Q4 to represent 21% of sales Actually hit 22%, though aided by pull-ins from Q1 |
| Q4'24 | Missed | Complete Huntington closure in next three quarters Pushed to 'middle of 2025', a clear delay |
| Q4'24 | Missed | 180 basis points operating margin drag from Penang Conspicuously absent from Q4 commentary despite being 'consistent' in Q3 |
| Q4'24 | Pending | Syracuse initial low-rate production in 2026 Dropped 'early' qualifier, suggesting timeline slippage |
| Q4'24 | Pending | Expect significant revenue ramp in Q1 and Q2 for Penang $4-5M in Q1 hardly qualifies as 'significant' given the facility size |
| Q4'24 | Pending | Penang to reach breakeven middle of next year Reiterated but with less confidence, only $4-5M Q1 revenue vs breakeven needs ~$30M quarterly |
| Q3'24 | Delivered | Refinancing completion on August 1st Not mentioned but presumably completed given no contrary disclosure |
| Q3'24 | Missed | Data center to represent 21% of Q3 sales Came in at 19% due to 'customer timing' pushing deliveries to Q4 |
| Q3'24 | Missed | Continue share buyback with $41M remaining authorization No buyback mentioned this quarter despite being below leverage targets |
| Q3'24 | Pending | Syracuse initial production within 18-24 months Now saying '2026' which could be 26+ months from original statement |
| Q3'24 | Missed | Penang break-even in early Q1 2025 Now pushed to 'middle of next year', a 2-quarter delay |
| Q3'24 | Delivered | Malaysia facility to register limited revenues in Q3 They did register revenue but called it 'insignificant', technically delivered but underwhelming |
| Q2'24 | Exceeded | Data center computing to represent 20% of Q2 sales Came in at 21%, driven by AI demand |
| Q2'24 | Delivered | Automotive to be 14% of Q2 sales Hit exactly 14% as guided |
| Q2'24 | Delivered | Break ground Syracuse facility in first half 2024 Confirmed groundbreaking occurred, though timeline to production extended to 18-24 months |
| Q2'24 | Pending | Expect capacity to kick in Q3/Q4 from receiving facilities Tom admitted 'expected more uptick in Q3 that hasn't happened' |
| Q2'24 | Pending | Ramp further in second half Redefined as 'continue production ramp' with breakeven pushed 2 quarters |
| Q2'24 | Missed | Penang facility to register limited revenues in Q2 Pushed to Q3, citing longer customer audits than expected |
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