| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | 2026-07-22 | 6/12 | 1 high, 4 medium, 1 low flags | 3 | 1 | Call sheet → |
| Q1'26 | April 22, 2026 | 9/12 | 2 medium, 4 low flags | 5 | 1 | Call sheet → |
| Q4'25 | January 27, 2026 | 9/12 | - | 6 | 0 | Call sheet → |
| Q3'25 | October 21, 2025 | 9/12 | 1 high, 2 medium, 3 low flags | 3 | 3 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | $2-3B CapEx for 2026 Tracking to high end due to unplanned AT investments |
| Q2'26 | Missed | Maintain competitive lead times Lead times extending 'couple of weeks', first extension in 2 years |
| Q2'26 | Delivered | Automotive secular growth to continue Mid-teens YoY growth finally materialized after flat Q1 |
| Q2'26 | Pending | Continue to gain share in data center Stopped providing specific growth rates, making this unverifiable |
| Q2'26 | Delivered | OpEx around $3.9B trailing twelve months Exactly $3.9B TTM as guided |
| Q2'26 | Delivered | Pricing to remain stable in first half, potential increases in second half Q2 pricing flat as promised, now executing increases for H2 |
| Q1'26 | Delivered | Inventory positioned to support customers through cycle Inventory served customers well, burned 13 days while supporting 9% sequential revenue growth |
| Q1'26 | Missed | Industrial recovery would be more moderate Actually accelerated dramatically to 30%+ YoY, much stronger than 'moderate' implied |
| Q1'26 | Exceeded | Data Center growth continuing as secular trend Accelerated to 90% YoY from 70%, now 25%+ sequential growth |
| Q1'26 | Delivered | Lehigh 45nm transition progressing for automotive radar Progressing well after completing 65nm transition in 2025 |
| Q1'26 | Exceeded | Sherman fab ramping ahead of schedule Not only ahead but yielding higher than expected with more capable factory than hoped |
| Q1'26 | Delivered | Expected pricing to be low single digits down in 2025 Came in exactly at 2-3% down as guided, now stable in Q1 2026 |
| Q4'25 | Delivered | Data center market to be broken out separately Now separate segment showing $1.5B annual revenue, 64% growth |
| Q4'25 | Delivered | Effective tax rate about 13% in Q4 Guidance for 13-14% in 2026 maintained |
| Q4'25 | Delivered | OpEx flat to third quarter in Q4 Came in at $967M vs $975M in Q3 |
| Q4'25 | Exceeded | Sherman fab ramping with good progress Ahead of schedule with higher yields and throughput than planned |
| Q4'25 | Delivered | 65-nanometer transition from foundries completing in 2025 Completed with same yield levels as foundries - cost savings flowing through |
| Q4'25 | Delivered | Continue to adjust loadings to maintain inventory levels Inventory flat at $4.8B despite revenue decline - successfully managed utilization |
| Q3'25 | Delivered | Industrial to show cyclical recovery continuation Industrial up 25% YoY though sequential growth slowed significantly |
| Q3'25 | Missed | GPM about flat Q2 to Q3 despite higher depreciation GPM declined 50bps from 58% to 57% |
| Q3'25 | Missed | Fab loadings about the same in Q3 as Q2 Actually cut loadings in Q3, contrary to guidance |
| Q3'25 | Exceeded | Inventory to grow but at slower rate than Q2 Inventory was essentially flat at $4.8B, better than promised slower growth |
| Q3'25 | Missed | EPS guidance $1.36-1.60 for Q3 Delivered $1.48 but included unguided $0.10 reduction for restructuring |
| Q3'25 | Delivered | Third quarter revenue guidance $4.45-4.80B Came in at $4.7B, within guided range |
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