Earnings Outlook

Financial guidance for the upcoming earnings release highlights a 50 % drop in EPS to $2.27 and a 17.37 % decline in revenue to $3.34 billion versus the same quarter last year. Full‑year consensus estimates project EPS of $9.28 and revenue of $13.52 billion, representing year‑over‑year declines of 30.59 % and 10.04 % respectively. The company’s forward P/E of 19.71 sits above the industry average of 15.53, reflecting a valuation premium that may attract scrutiny from analysts. Benchmark downgraded the rating to Hold, while UBS maintained a Buy stance with higher price targets, noting the equity raise’s impact on dilution and future capital allocation.