Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise19.9%
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 25, 2026
$1.24
$1.31
-5.1%
March 31, 2026
May 25, 2026
$1.11
$1.04
6.7%
Dec. 31, 2025
$1.34
$1.40
-4.3%
Sept. 30, 2025
$1.36
$1.00
36.6%
June 30, 2025
$1.44
$0.98
47.6%
March 31, 2025
$1.18
$0.86
37.9%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement17
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
$2.12B
$2.24B
$2.27B
$2.41B
$2.62B
$1.92B
$901M
$829M
$11.59B
$8.20B
$5.90B
$3.68B
Cost of Revenue
$1.36B
$1.43B
$1.45B
$1.56B
$1.78B
$1.38B
$657M
$726M
$7.03B
$5.10B
$3.58B
$1.85B
Gross Profit
$763M
$806M
$813M
$852M
$838M
$540M
$244M
$104M
$4.57B
$3.10B
$2.32B
$1.83B
R&D Expense
$247M
$279M
$296M
$262M
$280M
$303M
$237M
$515M
$782M
$675M
$549M
$431M
SG&A Expense
$165M
$153M
$123M
$142M
$222M
$147M
$136M
$392M
$545M
$482M
$358M
$223M
Operating Expenses
$709M
$1.22B
$788M
$819M
$970M
$955M
$777M
$1.37B
$2.02B
$1.56B
$1.24B
$757M
Operating Income
$56M
$-406M
$29M
$51M
$-107M
$-407M
$-515M
$-1.25B
$2.70B
$1.77B
$1.16B
$1.08B
Interest Expense
·
·
$10M
$13M
$14M
$76M
$38M
$9M
$32M
$81M
$97M
$57M
Other Non-op
·
·
·
·
·
·
·
·
$0
$0
$-2M
$37M
Pretax Income
$216M
$-228M
$288M
$635M
$-78M
$14M
$-95M
$565M
$2.89B
$1.78B
$1.16B
$1.21B
Income Tax
$16M
$13M
$19M
$35M
$26M
$28M
$-20M
$68M
$416M
$281M
$178M
$154M
Net Income
$2.10B
$-146M
$302M
$129M
$-80M
$1.37B
$510M
$2.21B
$2.51B
$1.52B
$1.03B
$1.06B
EPS (Basic)
$1.99
$-0.13
$0.27
$0.08
$-0.06
$0.85
$0.32
$1.28
$2.10
$1.35
$0.92
$0.92
EPS (Diluted)
$1.97
$-0.13
$0.24
$0.08
$-0.06
$0.85
$0.32
$1.27
$2.07
$1.32
$0.90
$0.89
Shares (Basic)
1,052,099,864
1,157,854,559
1,308,695,642
1,439,390,191
1,562,016,001
1,600,199,759
1,544,396,920
1,280,847,795
1,186,460,144
1,127,343,312
1,125,189,978
1,153,140,699
Shares (Diluted)
1,065,247,496
1,157,854,559
1,462,976,544
1,645,448,440
1,562,016,001
1,600,199,759
1,544,396,920
1,293,908,738
1,216,637,741
1,216,111,329
1,150,831,163
1,198,543,473
EBITDA
$56M
$-406M
$29M
$51M
$-107M
$-2.82B
$1.07B
$2.64B
$2.70B
$1.77B
$1.16B
$1.08B
Balance Sheet27
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$374M
$445M
$1.06B
$1.21B
$1.84B
$1.74B
$2.71B
$6.00B
$2.62B
$1.58B
$929M
$475M
Short-term Investments
$614M
$289M
$275M
$363M
$947M
$489M
$3.33B
$979M
$125M
$0
$1.89B
$4.21B
Receivables
$154M
$122M
$131M
$118M
$114M
$143M
$668M
$198M
$154M
$170M
$132M
$257M
Inventory
·
·
·
·
·
·
·
$0
$315.0K
$2M
$14M
$1M
Prepaid Expense
$256M
$248M
$255M
$236M
$214M
$103M
$538M
$1.02B
$222M
$225M
$148M
$204M
Current Assets
$1.62B
$2.56B
$4.07B
$4.64B
$5.07B
$3.90B
$28.80B
$16.49B
$10.13B
$5.86B
$3.63B
$5.43B
PP&E (Net)
$565M
$500M
$391M
$343M
$365M
$402M
$2.08B
$1.30B
$1.02B
$839M
$843M
$234M
PP&E (Gross)
$914M
$825M
$705M
$618M
$610M
$561M
$2.73B
$1.94B
$1.54B
$1.25B
$1.11B
$393M
Accum. Depreciation
$342M
$325M
$315M
$275M
$245M
$159M
$647M
$643M
$518M
$412M
$269M
$159M
Goodwill
$2.19B
$2.19B
$2.65B
$2.65B
$1.96B
$1.87B
$1.86B
$12M
$12M
$14M
$152M
$300M
Intangibles
$222M
$277M
$334M
$398M
$312M
$344M
$3.08B
$75M
$37M
$59M
$146M
$154M
Other Non-current Assets
$8M
$19M
$17M
$13M
$5M
$11M
$276M
$224M
$144M
$102M
$1.96B
$561M
Total Assets
$7.55B
$7.53B
$8.48B
$9.07B
$9.12B
$8.09B
$52.21B
$25.77B
$14.46B
$9.79B
$7.30B
$6.86B
Accounts Payable
$72M
$84M
$67M
$56M
$18M
$21M
$121M
$115M
$76M
$137M
$130M
$102M
Short-term Debt
$11M
$35M
$52M
$37M
$0
$113M
$557M
$0
$588M
$0
$697M
·
Current Liabilities
$874M
$2.67B
$3.09B
$3.07B
$2.51B
$944M
$7.64B
$3.85B
$3.15B
$4.69B
$1.38B
$1.09B
Capital Leases
$12M
$10M
$18M
$22M
$6M
$8M
$93M
$0
·
·
·
·
Deferred Tax
·
·
·
·
·
·
·
$28M
$11M
$8M
$17M
$27M
Other Non-current Liabilities
·
·
·
$436.0K
$7M
$0
$11M
$0
·
·
·
·
Total Liabilities
$950M
$2.74B
$3.17B
$3.57B
$3.49B
$1.78B
$13.33B
$3.97B
$3.22B
$4.72B
$3.99B
$3.77B
Total Debt
$11M
$35M
$52M
$37M
$0
$734M
$557M
$0
$588M
·
$697M
·
Retained Earnings
$4.70B
$2.80B
$2.95B
$2.69B
$2.71B
$2.88B
$10.27B
$6.91B
$5.22B
$2.73B
$1.21B
$174M
Treasury Stock
$1.30B
$1.22B
$914M
$655M
$527M
$140M
$168M
·
·
·
·
·
AOCI
$-208M
$-248M
$-197M
$-162M
$69M
$18M
$890M
$336M
$-10M
$93M
$-36M
$-41M
Stockholders' Equity
$6.54B
$4.71B
$5.16B
$5.18B
$5.53B
$6.24B
$33.07B
$18.52B
$10.61B
$5.05B
$3.24B
$3.09B
Liabilities + Equity
$7.55B
$7.53B
$8.48B
$9.07B
$9.12B
$8.09B
$52.21B
$25.77B
$14.46B
$9.79B
$7.30B
$6.86B
Shares Outstanding
·
·
·
·
·
·
·
·
945,245,908
750,115,028
728,227,848
706,173,568
Cash Flow14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Stock-based Comp
$26M
$23M
$32M
$44M
$33M
$92M
$76M
$228M
$258M
$157M
$185M
$135M
Deferred Tax
$362.0K
$-8M
$-12M
$-2M
$-10M
$13M
$-20M
$14M
$4M
$-8M
$-25M
$-46M
Amort. of Intangibles
$64M
$66M
$73M
$65M
$67M
$109M
$101M
$60M
$62M
$101M
$64M
$13M
Operating Cash Flow
$302M
$309M
$296M
$316M
$210M
$495M
$666M
$4.46B
$3.72B
$2.42B
$1.82B
$1.30B
CapEx
$143M
$84M
$82M
$69M
$71M
$151M
$124M
$232M
$397M
$162M
$220M
$178M
Investing Cash Flow
$-456M
$-210M
$420M
$-510M
$790M
$783M
$-2.27B
$-6.30B
$-3.04B
$-2.17B
$-1.05B
·
Stock Issued
·
·
·
·
·
$0
$0
$-4M
$2.95B
$0
$0
·
Stock Repurchased
$133M
$259M
$274M
$138M
$399M
$106M
$24M
$0
$0
$0
$1.04B
·
Net Stock Activity
$-133M
$-259M
$-274M
$-138M
$-399M
$-733M
$-168M
$-4M
$2.95B
·
$-1.04B
·
Dividends Paid
$156M
$0
$84M
$146M
$160M
$65M
$0
$0
·
·
·
·
Financing Cash Flow
$-288M
$-708M
$-842M
$-322M
$-724M
$-136M
$1.37B
$4.17B
$1.39B
$11M
$-337M
·
Net Change in Cash
·
·
·
·
·
·
·
·
$1.07B
$649M
$438M
·
Free Cash Flow
$159M
$225M
$214M
$247M
$140M
$2.38B
$3.59B
$4.13B
$3.32B
$2.26B
$1.60B
$1.12B
Levered FCF
·
·
$204M
$235M
$120M
$2.71B
$3.36B
$4.12B
$3.29B
$2.19B
$1.52B
$1.07B
Profitability8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Gross Margin
35.9%
36.0%
35.9%
35.3%
32.0%
28.1%
33.0%
36.4%
39.4%
37.8%
39.3%
·
Operating Margin
2.6%
-18.1%
1.3%
2.1%
-4.1%
-21.3%
4.2%
16.8%
23.3%
21.6%
19.7%
·
Net Margin
98.8%
-6.5%
13.3%
5.3%
-3.1%
73.1%
13.5%
10.4%
21.5%
18.6%
17.5%
·
Pretax Margin
10.2%
-10.2%
12.7%
26.3%
-3.0%
0.89%
16.4%
16.1%
24.9%
21.7%
19.7%
·
EBITDA Margin
2.6%
-18.1%
1.3%
2.1%
-4.1%
-21.3%
4.2%
16.8%
23.3%
21.6%
19.7%
·
ROA
27.8%
-1.8%
3.4%
1.4%
-0.93%
18.4%
8.8%
8.2%
20.6%
17.8%
14.6%
22.5%
ROE
37.3%
-3.0%
5.8%
2.4%
-1.4%
26.2%
13.4%
11.3%
31.9%
36.8%
32.6%
42.8%
ROIC
0.79%
-9.0%
0.52%
0.92%
-2.6%
4.3%
2.8%
11.6%
20.6%
29.6%
25.0%
30.5%
Liquidity & Solvency4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
1.9
1.0
1.3
1.5
2.0
4.1
3.8
4.3
3.2
1.3
2.6
5.0
Quick Ratio
1.3
0.3
0.5
0.6
1.2
2.5
1.3
0.3
0.9
1.2
2.1
4.5
Debt / Equity
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
·
0.2
·
Interest Coverage
·
·
2.8
4.0
-7.4
-5.4
4.0
306.4
84.0
21.8
12.0
19.1
Efficiency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
0.3
0.3
0.3
0.3
0.3
0.3
0.7
0.8
1.0
1.0
0.8
·
Inventory Turnover
·
·
·
·
·
·
·
63600.9
5444.7
613.0
452.3
2559.4
Receivables Turnover
15.4
17.7
18.2
20.8
20.4
25.7
56.2
172.5
71.7
54.3
30.3
·
Per Share6
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
·
·
·
·
·
·
·
·
$11.23
$6.73
$4.45
$4.38
Revenue / Share
$1.99
$1.93
$1.55
$1.47
$1.68
$8.27
$16.34
$12.18
$9.53
$6.75
$5.12
·
Cash Flow / Share
$0.28
$0.27
$0.20
$0.19
$0.13
$2.14
$2.93
$3.45
$3.06
$1.99
$1.58
$1.09
Cash / Share
·
·
·
·
·
·
·
·
$2.77
$2.11
$1.28
$0.67
Dividend / Share
·
·
·
·
·
·
$0.00
$0.00
$0.00
·
·
·
EPS (TTM)
$1.97
$-0.13
$0.24
$0.08
$-0.06
$0.85
$0.32
$1.27
$2.07
$1.32
$0.90
$0.89
Valuation (TTM)15
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$2.12B
$2.24B
$2.27B
$2.41B
$2.62B
$1.92B
$901M
$829M
$11.59B
$8.20B
$5.90B
$3.68B
Net Income TTM
$2.10B
$-146M
$302M
$129M
$-80M
$1.37B
$510M
$2.21B
$2.51B
$1.52B
$1.03B
$1.06B
Market Cap
·
·
·
·
·
·
·
·
$106.87B
$29.57B
$45.49B
$44.02B
Enterprise Value
·
·
·
·
·
·
·
·
$104.72B
·
$43.37B
·
P/E
32.9
-321.9
165.4
394.9
-757.2
94.1
165.0
47.1
54.6
29.9
69.4
70.0
P/S
·
·
·
·
·
·
·
·
9.2
3.6
7.7
12.0
P/B
·
·
·
·
·
·
·
·
10.1
5.9
14.0
14.2
P / Cash Flow
·
·
·
·
·
·
·
·
28.7
12.2
24.9
33.8
P / FCF
·
·
·
·
·
·
·
·
32.2
13.1
28.4
39.2
EV / EBITDA
·
·
·
·
·
·
·
·
38.8
·
37.3
·
EV / FCF
·
·
·
·
·
·
·
·
31.5
·
27.0
·
EV / Revenue
·
·
·
·
·
·
·
·
9.0
·
7.4
·
Earnings Yield
3.0%
-0.31%
0.60%
0.25%
-0.13%
1.1%
0.61%
2.1%
1.8%
3.4%
1.4%
1.4%
Payout Ratio
7.4%
0.00%
27.9%
113.2%
-199.4%
4.6%
·
·
·
·
·
·
Annual Payout
$156M
$0
$84M
$146M
$160M
$65M
$0
$0
·
·
·
·
Per Share1
Metric
Trend
Q4 2014
EPS (TTM)
$0.89
Valuation (TTM)4
Metric
Trend
Q4 2014
Revenue TTM
$3.68B
Net Income TTM
$1.06B
P/E
70.0
Earnings Yield
1.4%
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$2.12B
$2.24B
$2.27B
$2.41B
$2.62B
Gross Margin %
35.9%
36.0%
35.9%
35.3%
32.0%
Operating Margin %
2.6%
-18.1%
1.3%
2.1%
-4.1%
Net Income
$2.10B
$-146M
$302M
$129M
$-80M
Diluted EPS
$1.97
$-0.13
$0.24
$0.08
$-0.06
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
0.0
0.0
0.0
0.0
0.0
Current Ratio
1.9
1.0
1.3
1.5
2.0
Quick Ratio
1.3
0.3
0.5
0.6
1.2
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$159M
$225M
$214M
$247M
$140M
Institutional owners (13F)
208 filers
· $1.3B total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders208
Value held$1.3B
New positions18
Exited positions23
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
18 (-16 vs prior Q)
23 (-2 vs prior Q)
62 (-14 vs prior Q)
78 (+15 vs prior Q)
+425K
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Filer
Filed
Stake
Status
Purpose
Filing
David Xueling Li, YYME Limited, YY One Limited
×3 filings
Granite Global Ventures III L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures III L.L.C., Scott B. Bonham, Jixun Foo, Glenn Solomon, Jenny Hong Wei Lee, Hany M. Nada, Thomas K. Ng
×4 filings
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership
Held by 19 ETFs
20
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.