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Analyst
Amit Daryanani
Period: Reporting periods mapped to calendar 2024 Q3 – 2026 Q3 (9 quarters).
- Questions
- 168on tracked calls
- Challenge rate
- 11%18 of 168 questions
- Companies
- 21questioned at least once
- Reporting periods
- 9with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 168 of 168 questions from 21 companies
AAPLApple Inc.16 questions · 8 reporting periods · 1 of 16 challenging
Calendar 2026 Q2
There are reports that suggest that you're seeking greater sourcing flexibility for memory.
Show response
Tim walked through the cost trajectory and offsets in detail but did not confirm the sourcing reports, saying only that the DRAM market has three suppliers and Apple is evaluating all options.
Can you just talk about how much of this decel is really supply constraint versus other factors like FX?
Show response
Kevan broke the guide into a 2.5pp FX headwind plus worsening supply constraints; Tim named advanced-node SoC availability as the root cause. Both components quantified or specified.
Calendar 2026 Q1
Could you double click on the levers driving this impressive iPhone growth despite supply constraints
Show response
Cook attributed growth to iPhone 17 family design, performance, camera, Center Stage, and Apple Intelligence integration. Cited 99% US satisfaction and new March upgrader record.
What advice are you giving John to help him build on Apple Inc.'s strengths while shaping the next chapter
Show response
Cook shared advice about time allocation and staying focused on the North Star of making the best products that enrich lives, echoing the philosophy Steve Jobs instilled.
Calendar 2025 Q4
your comfort in securing the bit that you need for shipment and b, how do we think about memory inflation flowing through Apple's model over time
Show response
Cook provided a comprehensive answer covering supply constraints (advanced node capacity, not memory), memory impact (minimal in Q1, more in Q2, increasing significantly beyond), all comprehended in guidance.
What's driving the strength over here? And just sort of the durability of the growth rate we saw in December would be helpful to understand
Show response
Cook attributed China's 38% growth to iPhone product strength, with store traffic up strong double digits, all-time installed base records, all-time upgrader records, and strong double-digit switcher growth.
Calendar 2025 Q3
Can you just walk through the expectations for the December quarter. I think it implies up 30 basis points or so sequentially
Show response
Parekh explained higher new product costs are more than offset by favorable product mix and seasonal leverage, driving the sequential improvement.
Could you just talk about what resulted in the weakness over there? And do you think it was a bit more of a pause given iPhone Air
Show response
Cook attributed China's 4% decline primarily to iPhone supply constraints rather than demand weakness, expressing optimism about December with strong traffic and iPhone 17 reception.
Calendar 2025 Q2
did you see any impact that was notable from the Epic case and the steering dynamics that came after that
Show response
Parekh noted the Epic change was only just introduced and declined to quantify impact, but pointed to double-digit U.S. App Store growth and an all-time record as evidence of continued strength.
how do you eventually think about offsetting this headwind to your P&L? And when do you decide to execute on the levers to offset this headwind
Show response
Cook described supply chain optimization and U.S. investment as mitigation strategies but did not address pricing decisions or specific timelines for offsetting tariff costs.
Calendar 2025 Q1
do you folks expect services growth to remain in the double-digit range as you go into the back half of the year
Show response
Parekh declined to provide services-specific guidance for the first time, citing uncertainty from multiple factors, a notable departure from prior quarters.
you sort of had a statement that there are certain unique factors that benefit you in the June quarter related to that number. Can you just talk about what are these unique factors
Show response
Cook gave only one example, build-ahead inventory, and declined to detail all the unique factors benefiting the June quarter tariff estimate.
Calendar 2024 Q4
You folks are guiding gross margin is flattish on a sequential basis. Typically, I think it tends to be guided up a little bit, 50 basis points, so sequentially
Show response
Parekh explained FX headwinds offset by favorable costs and services mix, plus loss of leverage from seasonal volume decline in Q2.
Can you just add a high level, just talk about the durability of growth that you see in emerging markets? And then do you think the summation of these emerging markets are starting to get big enough
Show response
Cook highlighted India as a standout with iPhone as top-selling model, modest share implying upside, and Parekh added double-digit installed base growth in emerging markets.
Calendar 2024 Q3
what are you seeing from a demand perspective in China? If the recent stimulus plan in China could essentially
Show response
Cook said China was relatively flat YoY, helped by sequential FX improvement and installed-base records; declined to size the stimulus effect.
can you just talk about how much of this business do you think is reoccurring versus transactional?
Show response
Luca confirmed the recurring portion is growing faster than transactional, with well over 1 billion paid subscriptions.
CSCOCisco Systems, Inc.15 questions · 8 reporting periods · 1 of 15 challenging
Calendar 2026 Q3
Even if I take the AI revenues out of the equation, it is implying double-digit, 10% growth x AI.
Show response
Robbins framed the super cycle across hyperscalers, telco, enterprise and quantum, addressing the durability question directly.
Calendar 2026 Q2
Can you just talk about the durability of this double-digit growth?
Show response
Mark provided preliminary FY27 framework separating AI hyperscale ($6B+) from rest of portfolio growing in line with 4-6% long-term model. Direct and forward-looking answer.
when customers choose Silicon One versus other offerings or merchant offerings that are out there
Show response
Chuck emphasized custom silicon as massive differentiator, noted roughly half of hyperscaler revenue is systems powered by Silicon One, plus supply chain control advantage.
Calendar 2026 Q1
Can you just help us think about the mix between Silicon One versus Optics in the book
Show response
Robbins clarified $5B target excludes P200 and G300 products. Mix was 60% systems, 40% optics. New products will sell to existing and new customers including neoclouds and sovereign.
Mark, you just touched on the gross margin decline in April. I assume it's all memory related
Show response
Patterson cited mix and memory as drivers. Price increases announced, contractual terms being adjusted. Advanced purchase commitments up $1.8B in 90 days to secure supply. EPS growing faster than revenue in guide.
Calendar 2025 Q4
there way to think about how much of that do you think is optics versus systems
Show response
Patterson declined to break out optics vs systems margin but noted broad mix is all included in guidance. Bottom line growing faster than top line demonstrates operating leverage.
what do you think normalized security growth could look like once this mix stabilizes
Show response
Robbins reaffirmed mid-teens security revenue target, said it will accelerate through year and exit at much higher rate. Splunk mix normalization will take four quarters for apples-to-apples comps.
Calendar 2025 Q3
how much revenue contribution are you embedding in fiscal 2026 from AI
Show response
Robbins declined to give specific AI revenue guidance but pointed to $1B FY25 base plus backlog and new orders to extrapolate FY26.
how do you really think that opportunity on the enterprise side shape up
Show response
Robbins said enterprise AI orders are about half network, half AI GPU-related. NVIDIA partnership benefits are still mostly ahead with milestones coming in the next few months.
Calendar 2025 Q2
how should we think about the growth rates as we move forward on AI orders or AI revenues
Show response
Robbins noted AI orders are nonlinear, went from $350M last quarter to $600M+ this quarter. Continued growth dependent on capacity execution with these demanding customers.
it implies revenues are up 3%, 4% sequentially, but operating margins are down 50 basis points
Show response
Herren attributed margin decline to full quarter tariff costs without mitigation. Still guided to 11% EPS growth at midpoint.
Calendar 2025 Q1
Are we expecting it to start converting into revenue this fiscal year? Or is that more of a fiscal 2026
Show response
Herren confirmed AI revenue ramp expected in second half of FY25, consistent with prior guidance, with orders coming well ahead of ship dates.
Are these mainly switching in optical wins? Are you seeing wins other products
Show response
Robbins detailed AI order mix as ~50% silicon and systems with remainder in optics and optical systems, noted parallel chip development efforts and improving yields.
Calendar 2024 Q4
are you more excited about Hyperscale or Hypershield, which one is the bigger opportunity
Show response
Chuck said equally excited about both. Hypershield addresses east-west data center security; Hyperfabric simplifies AI application deployment. Both are core to customer priorities.
networking revenues were down 23% this quarter. Just talk about how did that stack up against your expectations
Show response
Scott said networking revenue decline is in line with expectations given elevated prior-year backlog. AI bookings haven't yet turned into revenue but momentum is strong.
CDWCDW12 questions · 6 reporting periods · 1 of 12 challenging
Calendar 2026 Q2
are you starting to see an uptick in engagement with the frontier model companies as they perhaps look to gain exposure
Show response
Chris said AI labs quickly recognized the channel as a route to market, with strong progress in partner programs and investment, and mid-market and vertical segments a key scale opportunity.
what needs to happen in the back half of the year for you to actually get to this 80% to 90% free cash flow conversion
Show response
Al framed the muted first-half conversion as timing from working-capital investment, citing a roughly $400 million inventory increase since year-end that is expected to rerationalize as the environment normalizes.
Calendar 2025 Q4
Love to kind of understand where do you see customers allocating incremental dollars by category?
Show response
Al said client devices still have plenty of COVID refresh demand with AI PC pickup. Cloud, SaaS, security remain strong evergreen categories with higher weight for full year. Networking outlook more positive. Server and storage more modest and choppy.
the last few quarters you've seen OpEx growth be ahead of revenue growth by a few 100 basis points
Show response
Al attributed 2025 OpEx growth to incentive comp asymmetry, variable costs responding to above-plan gross profit, and strategic investment. 2026 now has a better comparable baseline. Laser-focused on fixed cost optimization with good line of sight.
Calendar 2025 Q3
Can you just double-click on what is driving that strength? And do you think the trends that we see in SMB are a good leading indicator to what should happen to the overall business going forward?
Show response
Chris attributed SMB strength to resilience plus shift toward heavier technology adoption for competitive advantage. Cautioned against using SMB as leading indicator for other segments given how uniquely resilient small business has been.
Can you just talk about how much of the current shutdown is potentially impacting your guide, so what are you embedding in December quarter from public federal contribution?
Show response
Chris said Q4 guide assumes shutdown persists through the quarter. Not a zero quarter due to pipeline, backlog and open agencies. History shows sales shift in timing rather than being lost, though recovery can take extended time.
Calendar 2025 Q2
can you just talk about why do you think you're seeing this deceleration in growth in the back half of the year
Show response
Chris explained the deceleration is driven by expected softer federal and education with unseasonal spending patterns. Commercial outlook also remains cautious.
Free cash flow conversion in June was somewhat subdued, I think, at 61%. Can you just touch on kind of what's happening there
Show response
Al attributed subdued Q2 free cash flow to timing and working capital drawn by stronger-than-expected growth. Expects full year within 80-90% rule of thumb with stronger second half.
Calendar 2025 Q1
can you just talk about how are you embedding buybacks in that model
Show response
Al noted $200M in Q1 buybacks puts them ahead of pace, likely toward top of 50-75% range but not assuming elevated pace continues.
are you seeing any change in the orders or buying behavior in Q2 versus what you saw in March
Show response
Chris described a healthy business rhythm continuing into Q2 with customers incrementally more cautious but determined. Client devices remain strong in commercial.
Calendar 2024 Q4
how are you thinking about different parts of the public vertical kind of stack having the growth profile?
Show response
Chris acknowledged uncertainty but noted CDW's 40-year track record in federal and education markets. Limited specifics on growth outlook by sub-vertical.
what's kind of driving a bit more muted gross profit dollar growth, if you make
Show response
Al noted the variance between revenue, gross profit, and EPS growth rates is minimal, citing slight mix shift and continued lean into netted-down revenue.
CIENCiena Corporation12 questions · 6 reporting periods · 1 of 12 challenging
Calendar 2026 Q2
do you think it's a durable multiyear attach business? Or it is more of a one-time out-of-band refresh
Show response
Gary called DCOM multiyear and expanding beyond Meta to additional hyperscalers, sizing the TAM at roughly $1B-$3B by '29; not one-and-done.
how much of that TAM expansion is in and around the data center versus traditional WAN?
Show response
Gary sized scale-across at $8-10B and the broader long-haul/metro WAN market above $20B by '29, expecting share gains via Hyper-Rail and modems.
Calendar 2026 Q1
how do you see the pluggables market, especially with 800-gig ramping up through fiscal 2026 and 2027?
Show response
Scott confirmed interconnect revenue on track to triple YoY. Unlike 400G where Ciena was not first to market, they are first in 800G. Stressed that growth spans entire portfolio, systems and pluggables, not just interconnects.
what are the ups levers on gross margins that are helping you out, and are you seeing a shift in pricing at this point whatsoever?
Show response
Mark cited capacity infill mix tailwind and engineering cost reductions as Q1 drivers. Price increases discussed with customers have not fully kicked in yet, expected in second half. Progress toward 45% waypoint on track.
Calendar 2025 Q3
is it fair to think that your cloud revenue should actually accelerate in fiscal twenty six versus '25?
Show response
Gary expects similar direct cloud vs SP mix despite outsized cloud growth. SP business benefits from infrastructure recovery, MOFN expansion, and AI edge workloads. Both segments growing.
it almost sounds like you're starting to codevelop and code design some of these solutions with your customers. Is is that fair?
Show response
Gary confirmed co-development model with hyperscalers across RLS, modem technology, and DCOM. Expects continued market share expansion as demonstrated by current growth rates.
Calendar 2025 Q2
when I think about the 14% growth outlook for the year, can you just talk about what are you sort of assuming from a growth basis in cloud versus telco
Show response
Gary confirmed scaling demand means some orders scheduled further out. Even at 14% growth, company will exit FY2025 with larger backlog than entry. Supply chain ramping to address sustained demand.
you talked about you deploying your pluggable optics with one of these distributed GPU clusters. Can you just talk about what distance are these pluggables being used for
Show response
Gary sized the initial GPU cluster opportunity at hundreds of millions, just from one player in a couple of regions. Scott described 100-150km reach requirements requiring WDM and coherent.
Calendar 2025 Q1
the guide for April seems to be a little bit lower than normal seasonality, despite some very positive commentary on orders and cloud from your side
Show response
Jim explained historical seasonality patterns are less relevant as cloud mix has grown. Guided revenue growth toward high end of 8-11% for the full year.
you sort of mentioned there were some one time benefits in the Jan quarter you folks had. So could you just talk about very strong performance in gross margins
Show response
Jim attributed upside to non-recurring software events and supply chain overhead performance. Reiterated full-year 42-44% guide with low-40s in Q2.
Calendar 2024 Q4
how you see the cloud market versus North America telco versus international kind of stacking up
Show response
Gary provided clear breakdown: service provider recovery providing base, cloud/AI driving outsized growth on top. Direct and comprehensive.
is there any risk there's a little bit more of that to happen in Q1 as well? Are you doing that issue as well behind you at this point?
Show response
Jim directly addressed E&O as non-recurring due to new forecast, supply chain transformation, and extended lead times. Margin improvement is mix-driven (line systems vs capacity adds).
WDCWestern Digital11 questions · 6 reporting periods · 1 of 11 challenging
Calendar 2026 Q2
Can you just talk about how do you think pricing is going to keep evolving from here?
Show response
Irving pointed to predictable nearline pricing and stronger non-nearline pricing tied to flash-based alternatives.
is this a temporary pause related to timing or supply, or does this represent a more normalized growth rate?
Show response
Irving reaffirmed a 25%+ exabyte growth trajectory, noting quarter-to-quarter mix fluctuations and acceleration as 40TB ramps.
Calendar 2026 Q1
cost per exabyte was down again roughly 10% in the quarter. What is the right framework for us to think about cost-per-exabyte declines
Show response
Irving confirmed ~10% YoY cost-per-exabyte decline as the right trend, citing areal density improvements, next-gen EPMR ramp, UltraSMR uptake, and supply chain efficiency.
pricing was up high single digits in March. It is a big step up from the flattish trends we have seen in the last few quarters
Show response
Irving attributed pricing improvement to TCO value creation and new LTA timing, confirmed high single-digit range going forward as highlighted at innovation day.
Calendar 2025 Q3
Can you just talk about how long does it normally take for a product to go from qualification to deployment
Show response
Irving cited 2-3 quarter qualification-to-ramp timeline using ePMR as proxy. HAMR ramp targets H1 2027. Next-gen ePMR expected to qualify in 2 quarters.
Can you just talk about what sort of productivity savings you think Western Digital can realize as you deploy AI internally
Show response
Irving cited 10% manufacturing productivity gain and 20% firmware development productivity gain from AI. Still early days with significant upside potential.
Calendar 2025 Q2
As you start to see AI getting deployed, I'm wondering how do you think those numbers can move higher
Show response
Irving bridged Investor Day base 15% exabyte CAGR to 15-23% with AI uplift. Combined with low-single-digit ASP decline (vs 7% modeled), revenue CAGR could trend to mid-teens.
how does the extra week flow through your P&L and on the revenue and OpEx side
Show response
Irving noted minimal revenue impact from 14th week as customers order in quarterly buckets. OpEx impact is approximately $15 million incremental, reversing in subsequent normal quarters.
Calendar 2025 Q1
Just any sense on when you expect these qualifications to happen? And as you work towards them, should we think of some sort of upside bias to your R&D
Show response
Irving confirmed HAMR timeline: qualification H2 2026, volume ramp H1 2027. Engineering samples with two hyperscalers meeting performance milestones.
can you talk about, if you sort of have tariff escalators embedded in them to ensure you can pass through the cost of these to your customers
Show response
Irving acknowledged fluid tariff situation without confirming specific LTA escalator terms. Cross-functional teams working on near-term mitigation and long-term supply chain shifts.
Calendar 2024 Q3
How do you get confidence that this is not sitting in inventory versus actually getting deployed by your customers?
Show response
Challenged whether record HDD shipments risk channel inventory buildup; management said it sees little inventory at large customers, direct.
FFIVF5, Inc.9 questions · 5 reporting periods · 4 of 9 challenging
Calendar 2026 Q2
how do you think about this 32% growth and how much of this do you think is cyclical versus secular as you look forward?
Show response
Locoh-Donou conceded the refresh portion is cyclical, named the durable drivers, and acknowledged the split is not trivial to quantify cleanly.
Calendar 2025 Q3
how do you give customers the confidence that there's no zero-day threat that's kind of hiding in there over time?
Show response
Francois outlined security measures: partner code scanning, trust center for customer penetration testing, AI-driven vulnerability hunting, enhanced bug bounty, and CrowdStrike EDR on BIG-IP (industry first). On pricing, no change to durable customer relationship approach, value justified by road map investments and CalypsoAI acquisition.
can you just walk through the operating margin for the year?
Show response
Cooper confirmed Q2 is the seasonal operating margin low point due to payroll resets and March customer event. Expect leverage improvement in H2 off the Q2 trough.
Calendar 2025 Q1
can you just talk about why the embedded assumption that this growth would decelerate to, I think you're implying high single-digit growth in the back half
Show response
Francois emphasized no demand deterioration visible today but raised guidance conservatively given macro volatility. Pipeline creation, close rates, and linearity all stable.
which of the three use cases you think is the largest opportunity from a dollar basis for the company?
Show response
Francois ranked: 1) data delivery for AI (majority of current dollars, BIG-IP in front of data stores), 2) security/WAAP for AI inferencing (early traction with AI gateway), 3) AI factory load balancing (early, longer-term).
Calendar 2024 Q4
How much of that do you think was driven by pull-ins ahead of the price increases that you're implementing?
Show response
Francois characterized pull-in as modest and not super material. Price increases were mid-single-digits across hardware and software, lower than previous cycles which saw more pronounced pull-in effects.
Is that kind of deceleration just conservativeness? Because you don't know what the expansion metrics could look like
Show response
Cooper confirmed prudence rather than structural deceleration. Expansion rates centered on largest deals make extrapolation uncertain. Same H2 renewal base exists as originally guided.
Calendar 2024 Q3
which customer base do you think this will resonate more with it? Is it sort of the hyperscalers that are deploying more of the NVIDIA AI solutions
Show response
Francois identified service providers and large enterprises building AI factories as targets. Noted the solution improves GPU utilization via multi-tenancy. Flagged go-to-market questions remain unanswered, with opportunity materializing more in FY26.
Is it fair to think that software growth, just like we've talked about the top line will be a bit more muted, maybe low single in the front half
Show response
Cooper confirmed software growth will be back-end weighted consistent with overall revenue, driven by the larger renewal base in H2. Noted good visibility to about two-thirds of the software footprint.
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DELLDell Technologies8 questions · 8 reporting periods · 2 of 8 challenging
Calendar 2026 Q3
I think a worry folks will have is this driven by a combination of pricing and prebuys rather than real demand.
Show response
Jeff attributed traditional-server strength to real data-center modernization, 14G-and-older refresh and agentic workloads, not pricing or prebuys.
Calendar 2026 Q2
You just touch on how much of that H2 drop you are expecting right now versus historically
Show response
Clarke and Kennedy were explicit that the H2 shape reflects supply constraints, not a demand softening.
Calendar 2026 Q1
could you just contrast how you think the Rubin cycle plays out in '27 versus the Blackwell cycle?
Show response
David and Jeff confirmed smoother Vera Rubin transition expected with early engineering samples in hand. Mid-single-digit margins maintained. Cash flow expected at or ahead of long-term framework commitment.
Calendar 2025 Q4
Can you just touch on like what drove the strength in ISD margin in Q3 versus Q2?
Show response
David cited Dell IP storage growth, pricing discipline, product-level margin improvements, and elimination of Q2 onetime AI supply chain costs. Q4 profit anchored by seasonal storage strength.
Calendar 2025 Q3
it almost looks like AI server margins are in the 2%, 2.5% zone for you folks. But maybe just talk about why is the conversion margin so low
Show response
Yvonne attributed the conversion math to holistic mix effects including lower CSG/traditional server expectations offset by storage seasonality, rather than confirming the 2-2.5% margin figure.
Calendar 2025 Q2
Can you just touch on kind of what are you seeing and how should we think about the fiscal twenty-six AI server revenue target
Show response
Jeff confirmed being on the plus side of $15B AI shipments target with growing pipeline containing sovereign opportunities including DOE design win.
Calendar 2025 Q1
In fiscal '25, it looks like your free cash flow is down a couple of billion dollars versus '24. Can you just talk about what's driving this contraction in free cash flow?
Show response
Tyler explained CSG shortfall and AI inventory investment drove FCF decline. Expects improvement in FY26 from CCC normalization and CSG recovery.
Calendar 2024 Q4
can you just kind of dig into what the puts and takes where they enable this ISG margin performance
Show response
Yvonne detailed improving server gross margins, Traditional server TRU expansion, flat-to-up AI margins sequentially, and cost efficiencies. Expect Q4 ISG OI rates to improve further.
HPEHewlett Packard Enterprise8 questions · 8 reporting periods · 2 of 8 challenging
Calendar 2026 Q3
The organic growth of 10% looks a little light relative to what I think your peers are seeing right now
Show response
Antonio attributed the order-revenue gap to supply availability, guided networking revenue accelerating from 10% in Q3 to 11-13% in Q4 and 14-17% in FY27, and described the Oracle deal as QFX scale-out switching plus PTX scale-across routing at multi-gigawatt scale.
Calendar 2026 Q2
what is the bigger gating factor to growth as you go forward? Is it customer demand? Or is it more component availability?
Show response
Antonio said demand is strong and durable; the constraint on converting it to revenue is supply availability, with upside if supply improves.
Calendar 2026 Q1
I'm hoping you can just talk a little bit more on what's driving this uptick. Is it AI? Is it campus? Is it something with Juniper's routing business
Show response
Neri detailed networking strength across all sub-segments: campus WiFi 7 up 10x, data center switching orders up mid-40% normalized, routing mid-20%. Raised networks for AI target to $1.7B-$1.9B. Myers maintained low-20% margin guide given Phase 1 integration just complete.
Calendar 2025 Q4
can you spend just some time talking more about how are you thinking about the memory headwinds in the fiscal guide versus what you were expecting back at SAM
Show response
Neri compared DRAM/NAND inflation to early COVID supply dynamics. Confirmed price increases already implemented in November. Myers clarified midpoint raise of $0.05 driven by Q4-to-Q1 revenue shift and stronger networking backlog.
Calendar 2025 Q3
if you think networking market grows five, 6% a year, how do you think HPE plus Juniper can do
Show response
Neri committed to above-market growth, promised three-year strategy details at SAM. On Aruba/Mist integration: thoughtful cloud/AI ops layer convergence over time while selling both products. No customer will be left behind.
Calendar 2025 Q2
what's needed at this point for server margins to go from 5% to 10% plus by year-end, would be helpful just to understand and get an update on what issues have been resolved
Show response
Neri confirmed all three Q1 issues being addressed with specific actions. On Juniper, said they've explored alternatives including capital return and portfolio actions if deal fails. Direct and accountable response.
Calendar 2025 Q1
revenues will actually snap up this way, and then b, if the revenues are really gonna snap up with AI servers, how do you get that sort of operating margin expansion in the back half of the year
Show response
Myers laid out three H2 profit drivers: server execution fixes flowing through, tariff mitigation time, and cost efficiency program. Neri added networking recovery as an incremental margin contributor.
Calendar 2024 Q4
what's driving this gross margin degradation for you folks? But it clearly looks like you're able to offset all of this with some really good OpEx control
Show response
Myers clearly attributed gross margin pressure to Intelligent Edge mix and AI systems, noted gross profit dollars still grew. Highlighted Juniper expected to contribute 50% of operating profit.
HPQHP Inc.8 questions · 4 reporting periods · 0 of 8 challenging
Calendar 2026 Q3
where do you think PS margins would trough as you go forward?
Show response
CFO reaffirmed Q4 as the PS margin low point with high confidence in improvement thereafter, citing supply security, qualified suppliers, demand reshaping, targeted cost actions and disciplined pricing.
do you see that fiscal Q4 trend line of units being down high teens, but revenue still growing by a few points, persisting through fiscal '27?
Show response
CFO confirmed Q4 PS revenue would be down sequentially but grow year-over-year on richer mix, premium, AI PCs and pricing offsetting lower units, and declined to give FY27 guidance.
Calendar 2026 Q2
if that dynamic would be different in your view in the consumer side of the PC and print businesses
Show response
CFO declined to guide on FY27 but noted Q4 PS margins will trough and improve sequentially thereafter, implying a recovery trajectory.
could you just help us frame or, you know, help us think about the size or the extent of which the full-year commercial strength
Show response
CFO quantified pull-forward at 2-3% of revenue. Remaining growth attributed to disciplined pricing, richer mix, and continued services expansion.
Calendar 2026 Q1
Can you just walk us through how you sort of get that especially in the back half of the year
Show response
Karen noted better-than-anticipated Q1 FCF with decent Q2 expected. PS growth provides working capital benefit from negative cash conversion cycle. Increased inventory offset by improved overall cash conversion.
Can you just talk about like what are the levers that enable print margins to expand from here
Show response
Karen noted HP has operated at high end of print range frequently. Levers include Big Tank shift, increased subscriptions, share gains in high-value categories, and continued cost structure reduction.
Calendar 2025 Q2
how much of that ramp up from, call it, the $0.70 run rate you have right now to a dollar, how much of that is revenue-driven versus driven by all the cost reduction initiatives
Show response
Enrique noted both demand (seasonal consumer strength, commercial momentum from Win11/AI) and cost (supply chain redesign, Future Ready, pricing) contribute to Q4 ramp.
is there a way to think about how much of that $0.45 impact is from just the direct trade tariff-related issues
Show response
Karen clarified Q2 impact was direct tariff costs. H2 guide reduction mainly from prudently moderating growth expectations. Enrique noted both are trade-environment related.
PEverpure, Inc.8 questions · 8 reporting periods · 0 of 8 challenging
Calendar 2026 Q3
It would be helpful if you just unpack what's driving it and the durability of it versus 90 days ago.
Show response
Charlie said supply and pricing uncertainty resolved, and the company now has a full quarter of data on customer response to higher prices.
Calendar 2026 Q2
could you spend some time about how should we think about the demand trajectory in the back half of the year?
Show response
CEO said H2 visibility is unrealistic in this dynamic supply/pricing environment; demand is very strong now, but they won't raise guidance until they see whether demand sustains at high prices and whether supply holds.
Calendar 2026 Q1
How much of that is really coming from your ability to pass on the memory price increases to your customers
Show response
CEO said Q4 results and Q1 guidance are all demand-based, no pricing action was taken in Q4, and 90-day proposal pricing means the ~20% February increase won't hit until Q2.
Calendar 2025 Q4
how should we think broadly both on the direct impact on your P&L from a margin and revenue perspective
Show response
CEO said commodity/memory-price inflation affects the overall market more than Pure's gross margins (prices float at purchase vs cost-plus rivals); higher prices should be a rising tide lifting Pure's revenue.
Calendar 2025 Q3
Can you just help us appreciate what is really enabling this looks like a very sizable acceleration of growth?
Show response
CEO attributed the back-half acceleration to broad-based strength, better pipeline visibility at the halfway mark, the enterprise-data-cloud shift driving large deals, and macro 'dark clouds' lifting.
Calendar 2025 Q2
just any update on how this opportunity is evolving as you go from pilot to test to production.
Show response
CEO said Meta's ~1.5-2 year next-gen data-center design cycle is on time and storage validation is progressing as planned; on track for 1-2 exabytes, with other hyperscaler talks progressing steadily.
Calendar 2025 Q1
what investments are needed by Pure at this point to get this from a design win
Show response
Management named four investment areas: integrating Purity/DirectFlash with hyperscaler hardware, accelerating DFM density, qualifying NAND suppliers, and expanding supply chain and other opportunities.
Calendar 2024 Q4
what drove the decision by this hyperscaler to choose Pure Storage versus building this on their own
Show response
CEO cited reliability at scale, power savings, time-to-value, and price/performance as why the hyperscaler chose Pure over building in-house.
STXSeagate Technology Holdings8 questions · 8 reporting periods · 1 of 8 challenging
Calendar 2026 Q2
can you meet all the exabyte demand that’s out there in ’28, ’29 entirely through aerial density gains?
Show response
Dave said candidly that areal density transitions alone likely will not cover 2028-29 demand, and stressed keeping upstream supply partners orchestrated on investment.
Calendar 2026 Q1
is 70% incremental sort of the right framework to have as we go through the fiscal '27 model
Show response
Romano confirmed outperformance driven by better pricing and faster mix transition to 40TB drives. Sees no reason current trends should not continue but notes every quarter is different.
Calendar 2025 Q4
is there any you would call out in March quarter that's unique that's helping drive that kind of margin expansion?
Show response
Romano attributed the strong March margin expansion to consistent pricing strategy and improving HAMR mix. Mosley confirmed systems business is small scale in comparison.
Calendar 2025 Q3
are you seeing customers looking to potentially fund or co-invest CapEx dollars for Seagate to get access to more units?
Show response
Mosley confirmed customer focus is on pulling in product transitions for more exabytes rather than funding unit capacity expansion. Romano estimated HAMR shipments in the 30-36 exabyte range based on 1M units.
Calendar 2025 Q2
what pricing assumptions are you seeing embedded on an exabyte basis in these contracts?
Show response
Mosley noted the inherent TCO benefit of higher capacity drives creates natural customer pull without pricing incentives. Like-for-like pricing continues to slightly increase.
Calendar 2025 Q1
Does that imply that you expect to see sequential revenue growth, gross margin expansion in the back half versus what you folks are guiding to June?
Show response
Romano confirmed expectations for continued growth are unchanged. Mosley said the Meta QLC blog describes a fairly niche application that doesn't disrupt the general HDD-NAND blend in cloud.
Calendar 2024 Q4
are you really adding net new capacity, trying to get back to some baseline level and what do you think sort of Seagate's total exabyte capacity could be
Show response
Mosley explained margin expansion is driven by mix shift to higher capacity points through technology transitions, not by adding unit capacity.
Calendar 2024 Q3
there's always this fear that the HDD industry broadly, Seagate specifically are sitting at these cyclical peak levels
Show response
Questioned cyclical-peak risk and whether shipments are being deployed versus inventoried; Dave cited improved visibility, no inventory build, and significant remaining gross-margin upside.
TELTE Connectivity8 questions · 8 reporting periods · 0 of 8 challenging
Calendar 2026 Q2
could you just touch on how are you tracking in the June quarter versus your targets?
Show response
Terrence confirmed DDN on track, AI rising as a share of DDN, and reiterated copper stays the workhorse in the rack while optics (CPO/FAU) add incremental TAM at the switch.
Calendar 2026 Q1
on energy, even ex Richard's organic growth is double digits, what are sort of the big segments you're involved in, and how durable do you think this growth can be longer term?
Show response
Terrence broke energy into 3 segments: ~60% utility/grid hardening (growing high single digit, TE faster), ~20% industrial/data center power (double-digit growth), and ~20% clean energy/renewables (high single digit but some policy pauses). Commercial transport content uplift up to $2,000 per vehicle on next-gen powertrains vs $400 today. Seeing share gains from new program wins.
Calendar 2025 Q4
I'm hoping you folks can provide some color on what is driving the uptick in AI revenue expectations for the year. Is it just more that the existing programs are doing better? Or you see a better n...
Show response
Terrence attributed uptick to new program awards with hyperscalers. Programs ramping in Q3/Q4 with growth across all hyperscaler customers. Heath confirmed CapEx increase is for specific program wins, tooling in existing facilities in Asia and North America. Would not spend if revenue and profits weren't tied to it.
Calendar 2025 Q3
do you see this growth coming more from end demand end units? Or is there a share gain narrative as well as some of these programs are starting to mature, perhaps the share is getting more in your ...
Show response
Terrence confirmed AI growth driven by program ramps with stable share. DDN ex-AI growth driven by bump-down effect of cloud CapEx cascading to non-AI infrastructure. Enterprise and IoT/edge growing double digits. Lines between AI and non-AI blurring as cloud CapEx broadens beyond pure AI.
Calendar 2025 Q2
can you just talk on what's driving this diversification and growth that we're seeing in June?
Show response
Terrence cited two macro trends driving broadening: data speed connectivity (AI, SDV, factory automation) and power connectivity (energy, EV). Heath attributed Industrial margin to footprint reduction plus volume leverage.
Calendar 2025 Q1
can you just talk about if margin expansion and the EPS growth can sustain, especially if we end up in a more difficult, choppy end market environment
Show response
Heath highlighted structural cost reductions in manufacturing footprint, Industrial segment as biggest margin expansion opportunity. Transportation holding 20%+ despite soft volumes.
Calendar 2024 Q4
you folks talked about AI revenues exceeding the $600 million target for the year that you had actually given last quarter
Show response
Terrence confirmed AI revenue doubled in Q1. Broad hyperscaler and semi customer base, 30-35% market share unchanged. Margins early ramp but will benefit from volume scaling.
Calendar 2024 Q3
I'm hoping you can just perhaps expand more on the AI opportunity that you see unfolding going forward
Show response
Terrence confirmed AI revenue doubled expectations, broad customer base across hyperscalers and semi companies, $1B target sliding left not right.
ANETArista Networks7 questions · 7 reporting periods · 0 of 7 challenging
Calendar 2026 Q2
does that increase the value of an integrated networking platform versus white box approaches?
Show response
Jayshree directly framed white box as tactical for simple scale-up/out, arguing system-level AI networks favor Arista's integrated EOS approach.
Calendar 2026 Q1
how do you see a change in the optics architecture within AI clusters
Show response
Jayshree positioned XPO as partner to OSFP, needed at higher speeds. XPO will be prevalent in scale out and scale across, with open CPO and co-packaged copper for scale up.
Calendar 2025 Q4
Can you just talk about your ability to participate in some of these buildouts as they happen, be that on the DCI side or maybe even beyond that
Show response
Jayshree described expanding from one or two model builders to multiple including Gemini, xAI, Anthropic, and OpenAI, with distributed multi-colo architectures creating new DCI networking demand.
Calendar 2025 Q3
what is driving that kind of deceleration? Because certainly, if you look at things like your purchase commitment
Show response
Jayshree pushed back on deceleration framing, emphasizing 20%+ on much bigger base with AI acceptance clause timing adding unpredictability beyond traditional seasonality.
Calendar 2025 Q2
what are you seeing specifically that's enabling you to raise your guide from 17% to 25%
Show response
Jayshree cited confirmation across all three sectors: record enterprise campus demand, AI back-end exceeding targets despite fifth customer loss, and cloud front-end refresh.
Calendar 2025 Q1
can you just talk about how are these customers in aggregate progressing for the back-half ramps
Show response
All four customers progressing well, three already in production, fourth underway. 1:1 front-end to back-end ratio still holds. $750M back-end target on track.
Calendar 2024 Q4
there's always this concern around the impact of white box vendors to your revenue growth
Show response
Jayshree explained AI Spine is 100% Arista EOS while AI Leaf can vary. 3 of 5 customers use all-EOS, 2 are hybrid with SONiC/FBOSS.
APHAmphenol7 questions · 7 reporting periods · 0 of 7 challenging
Calendar 2026 Q2
from your side, is that sort of the right way to think about the market? Is that what customers are telling you?
Show response
Norwitt rejected the either/or frame and said customers need more of everything, but declined to size the fiber business within AI revenue to the decimal point.
Calendar 2026 Q1
How do you think about funding the capacity for these ramps as you go forward? And to the extent you can talk about it, are Amphenol, CommScope being approached for these multiyear capacity agreements
Show response
Norwitt confirmed customers are making more commitments than historically, participating in investment costs and opening order apertures, though not formal long-term supply agreements.
Calendar 2025 Q4
there's this view, I think, out there that Amphenol is driven more by
Show response
Norwitt drew parallel to 2005 TCS acquisition that established copper leadership. CommScope now creates industry-broadest offering spanning high-speed copper, power, and fiber optic interconnect for complete customer solutions.
Calendar 2025 Q3
How much of that do you think was driven by the traditional IT Datacom markets doing well versus AI?
Show response
Norwitt said Q3 upside was balanced between AI and traditional IT datacom. No signs of abnormal inventory. Demand improved vs Q2 expectations.
Calendar 2025 Q2
can you spend some time talking about how do you think about the durability of growth on the AI infrastructure side
Show response
Norwitt said roughly 2/3 of IT datacom growth from AI on both YoY and sequential basis. Described the current period as early innings of AI adoption.
Calendar 2025 Q1
Can you just spend some time on what is enabling this size of organic beat? And given the discussion you said on tariffs
Show response
Norwitt attributed the beat to execution, not pull-in. Confirmed slight mobile devices pull-in as the only identified area; IT datacom customers want more product, not pre-buying.
Calendar 2024 Q4
just the durability of growth you're seeing on the AI front will be helpful. I think $5 billion of orders is extremely impressive
Show response
Norwitt emphasized breadth of position across the AI stack and that performance improvements are a one-way ratchet, strengthening Amphenol's position generation over generation.
IBMInternational Business Machines Corporation7 questions · 7 reporting periods · 1 of 7 challenging
Calendar 2026 Q2
what gives you the confidence that this is more a timing issue versus a structural shift in enterprise spending?
Show response
Krishna cited about a third of slipped deals closing within the first three weeks as a strong indication of deferral, not destruction; direct but acknowledged not full evidence.
Calendar 2026 Q1
how would you characterize your mix between infrastructure versus applications, consumption versus subscription
Show response
Arvind explained IBM is almost entirely infrastructure/enabling software (96%), heavily consumption-based. AI is a structural tailwind because scaling AI requires more data, automation, and mainframe capacity.
Calendar 2025 Q4
what drove the strength of better performance in free cash flow in '25
Show response
Jim attributed the beat to $1B incremental EBITDA from revenue acceleration and operating leverage. 2026 $15.7B is prudently early-year guidance with high-single-digit EBITDA growth as driver.
Calendar 2025 Q3
is there anything that could preclude free cash flow from growing a few points higher than sales growth
Show response
Jim detailed $2.5B YoY EBITDA growth driving FCF, with sustainable realization in mid-to-high 120s continuing into 2026 as all fundamentals remain intact.
Calendar 2025 Q2
what are you hearing from your customers at this point given what seems to be a very volatile macro tape
Show response
Arvind gave a bullish global tour: Japan reindustrializing, South Asia booming at 10-12% real growth, Middle East investing, Europe resilient. Red Hat winning platform decisions across containers and virtualization.
Calendar 2025 Q1
I'd love to understand how big is the federal business for you folks
Show response
Jim quantified exposure: federal is less than 5% of IBM revenue, federal consulting less than 10% of consulting, with less than $100M backlog impact from DOGE cancellations.
Calendar 2024 Q4
if you could just provide some context around linearity and how that could play out, maybe you can talk about H1 versus H2 perspective
Show response
Jim provided detailed segment-by-segment linearity: Software steady, Consulting acceleration in H2, Infrastructure growth from Q2 on with z17 launch.
VRTVertiv Holdings Co7 questions · 7 reporting periods · 1 of 7 challenging
Calendar 2026 Q2
can you just talk about how much revenues are actually pushed out due to these challenges you had in the quarter?
Show response
Management declined to quantify the pushed-out revenue, attributing it to the same complexity dynamics; partial answer.
Calendar 2026 Q1
Can you just help us understand what are the levers that you're seeing? And maybe you can quantify some of these levers
Show response
Gio cited two main levers: new capacity coming online in H2 and strong Q4 orders providing backlog visibility, with Craig adding APAC and EMEA acceleration in H2.
Calendar 2025 Q4
what are the key operational steps, the key bottlenecks you think you have to solve for to convert this backlog into, you know, revenues and EPS over time
Show response
Two-pronged capacity approach: footprint expansion (new locations coming live) and productivity gains from existing facilities. Factories currently being expanded. Working actively with supply chain. Acceleration visible in both CapEx numbers and guidance.
Calendar 2025 Q3
when you see Oracle reported $300 billion plus RPO number or OpenAI announced a 10 gigawatt deal with NVIDIA
Show response
Cited good market, technology evolution, industry trust in Vertiv's scale. Mega-project backlog announcements are service agreements that deploy in phases, with orders flowing to Vertiv as deployment tranches mature.
Calendar 2025 Q2
I was hoping, Gio, you could spend a little bit of time on the strength that we're seeing in both your backlog and orders
Show response
Backlog duration stable. Some customers want earlier delivery. Pipeline has slight positive elongation. Customer mix well balanced across hyperscale, colo, sovereign, and neocloud.
Calendar 2025 Q1
what's driving the strength and really the durability of growth you seeing over here
Show response
Cited growing pipelines both in next-12-month and beyond horizons. Cautioned about order lumpiness but affirmed five-year model trajectory remains valid. Pipeline velocity is stable.
Calendar 2024 Q4
if we stop to see inferencing getting pulled in a little bit more quicker, given what we're seeing with Deep Sea
Show response
Explained Vertiv is agnostic to workload type and silicon vendor. Infrastructure needs remain regardless of whether inference or training dominates.
NTAPNetApp5 questions · 4 reporting periods · 1 of 5 challenging
Calendar 2026 Q3
Can you just talk like what is driving that sort of deceleration?
Show response
George reframed the guide as confident rather than cautious, citing broad-based outperformance, but did not directly quantify the H2 exit rate.
Calendar 2026 Q2
I was wondering is the way to think about if ASP was a bit of a tailwind versus unit growth.
Show response
George emphasized broad flash portfolio strength in AI use cases but did not quantify ASP versus unit contribution.
Calendar 2025 Q4
Can you just touch on what drove that? And was it pricing, portfolio refresh? Or was it AI?
Show response
George attributed all-flash acceleration to AI workload demand, benefits from full system portfolio refresh (now qualified by customers), and strong high-performance flash results.
Calendar 2024 Q4
can you just talk about the strength and really the durability of what you're seeing on the all-flash array side
Show response
George cited single OS, hybrid cloud capabilities, fastest innovation pipeline, and competitor distraction as durability drivers.
can you talk about, does this -- is this -- are you changing the way you look at inventory pre-buying longer term
Show response
Mike confirmed no more pre-buys planned for rest of FY25 given NAND softening.
CRWVCoreWeave, Inc. Class A Common Stock4 questions · 4 reporting periods · 0 of 4 challenging
Calendar 2026 Q2
should we still think of kind of the $18 billion to $19 billion in ARR as kind of the exit target for 2027?
Show response
Management (responding to Irvin Liu on for Amit Daryanani) confirmed the raised exit annualized run-rate revenue guidance of $18.5 billion to $19.5 billion for 2026 is baked into guidance; answered directly.
Calendar 2026 Q1
how fast do you think inferencing as a share of your consumed power is growing right now in your installed base.
Show response
Management estimated, via power draw, that inference now exceeds 50% of compute, a bullish monetization signal; answered directly.
Calendar 2025 Q4
can you sort of quantify where you estimate your blended cost of capital is?
Show response
Management cited a 300bps decline over 12 months and 600bps over two years, expecting further improvement; answered directly.
Calendar 2025 Q3
how does that impact your CapEx and time to market for Power as you go forward?
Show response
Management framed self-build as a de-risking complement to third-party providers, not a replacement; answered directly.
AKAMAkamai Technologies3 questions · 2 reporting periods · 0 of 3 challenging
Calendar 2025 Q1
I'd love to hear how you would characterize your performance in the March
Show response
Ed said security came in line with expectations. License revenue noise ($12M in Q4 vs $6M in Q1) and Q4 volumetric seasonality explain sequential optics. API security and Guardicore are the big growth drivers as expected.
Can you just talk about what really drove the upside for you folks in the quarter? Was it more pricing or traffic driven?
Show response
Ed explained upside was traffic-driven across video, gaming, software downloads and commerce. Third consecutive quarter of flattish sequential revenue. Being cautious about calling a bottom.
Calendar 2024 Q4
is that headwind going to happen irrespective of what happens with the recent executive order around their operations
Show response
Tom clarified the headwind is primarily DIY-driven, not political. Ed explained margin expansion will come from mix shift toward security/compute and operating leverage.
MSIMotorola Solutions3 questions · 2 reporting periods · 0 of 3 challenging
Calendar 2026 Q1
how are you guys thinking about using M&A the rest of the year to address any more competitive gaps? And then how are you trying to balance that versus continuing organic R&D investment?
Show response
Greg cited strong balance sheet with net debt-to-EBITDA just over 2x, $3B operating cash flow, and 60/30/10 allocation split. Stated no competitive gaps per se, with significant optionality for both organic and inorganic investment.
Calendar 2025 Q2
how do you think you're positioned to address sort of this growing focus in the unmanned systems market as you go forward
Show response
Greg sees $3B unmanned TAM potentially doubling in 4 years. Mahesh detailed three-prong drone strategy: DFR with BRINC, communications with Silvus, and drone detection/forensics with SkySafe.
what the tariff headwinds were in the quarter for you folks? And then b, just what's the durability of the levers
Show response
Tariff estimate down to $80M from $100M. Minimal Q2 impact, majority in H2. Gross margins now expected up YoY. Operating margin expansion of ~100bps expected for full year.
CTSHCognizant2 questions · 1 reporting period · 1 of 2 challenging
Calendar 2025 Q2
what do you attribute the share gains, too? And are these share gains coming at potentially a lower margin point
Show response
Ravi cited improved win rates, ability to originate and sole-source deals, and healthy mix of new/renewal and innovation/productivity. Jatin noted large deals mainstream with margin expanding.
can you just talk about -- how should we think about headcount growth? And can the utilization rates, actually, sustain
Show response
Jatin noted modest H2 headcount increases focused on college graduates. Ravi highlighted flat YoY headcount ex-Belcan while delivering 3%+ organic growth, reflecting AI productivity gains.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| AAPL Apple Inc. | 16 | 6%1 of 16 questions |
| CSCO Cisco Systems, Inc. | 15 | 7%1 of 15 questions |
| CDW CDW | 12 | 8%1 of 12 questions |
| CIEN Ciena Corporation | 12 | 8%1 of 12 questions |
| WDC Western Digital | 11 | 9%1 of 11 questions |
| FFIV F5, Inc. | 9 | 44%4 of 9 questions |
| DELL Dell Technologies | 8 | 25%2 of 8 questions |
| HPE Hewlett Packard Enterprise | 8 | 25%2 of 8 questions |
| HPQ HP Inc. | 8 | 0%none of 8 questions |
| P Everpure, Inc. | 8 | 0%none of 8 questions |
- AAPLApple Inc. · 16 questions6%1 of 16 questions
- CSCOCisco Systems, Inc. · 15 questions7%1 of 15 questions
- CDWCDW · 12 questions8%1 of 12 questions
- CIENCiena Corporation · 12 questions8%1 of 12 questions
- WDCWestern Digital · 11 questions9%1 of 11 questions
- FFIVF5, Inc. · 9 questions44%4 of 9 questions
- DELLDell Technologies · 8 questions25%2 of 8 questions
- HPEHewlett Packard Enterprise · 8 questions25%2 of 8 questions
- HPQHP Inc. · 8 questions0%none of 8 questions
- PEverpure, Inc. · 8 questions0%none of 8 questions
Show all 21 companies
| Company | Questions | Challenge rate |
|---|---|---|
| STX Seagate Technology Holdings | 8 | 13%1 of 8 questions |
| TEL TE Connectivity | 8 | 0%none of 8 questions |
| ANET Arista Networks | 7 | 0%none of 7 questions |
| APH Amphenol | 7 | 0%none of 7 questions |
| IBM International Business Machines Corporation | 7 | 14%1 of 7 questions |
| VRT Vertiv Holdings Co | 7 | 14%1 of 7 questions |
| NTAP NetApp | 5 | 20%1 of 5 questions |
| CRWV CoreWeave, Inc. Class A Common Stock | 4 | 0%none of 4 questions |
| AKAM Akamai Technologies | 3 | 0%none of 3 questions |
| MSI Motorola Solutions | 3 | 0%none of 3 questions |
| CTSH Cognizant | 2 | —Rate withheld: fewer than 3 questions |
- STXSeagate Technology Holdings · 8 questions13%1 of 8 questions
- TELTE Connectivity · 8 questions0%none of 8 questions
- ANETArista Networks · 7 questions0%none of 7 questions
- APHAmphenol · 7 questions0%none of 7 questions
- IBMInternational Business Machines Corporation · 7 questions14%1 of 7 questions
- VRTVertiv Holdings Co · 7 questions14%1 of 7 questions
- NTAPNetApp · 5 questions20%1 of 5 questions
- CRWVCoreWeave, Inc. Class A Common Stock · 4 questions0%none of 4 questions
- AKAMAkamai Technologies · 3 questions0%none of 3 questions
- MSIMotorola Solutions · 3 questions0%none of 3 questions
- CTSHCognizant · 2 questions—rate withheld: under 3 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q3 | 7 | 29%2 of 7 questions | 5 |
| 2024 Q4 | 22 | 9%2 of 22 questions | 16 |
| 2025 Q1 | 23 | 13%3 of 23 questions | 16 |
| 2025 Q2 | 25 | 8%2 of 25 questions | 17 |
| 2025 Q3 | 22 | 9%2 of 22 questions | 16 |
| 2025 Q4 | 17 | 6%1 of 17 questions | 14 |
| 2026 Q1 | 21 | 0%none of 21 questions | 16 |
| 2026 Q2 | 24 | 13%3 of 24 questions | 18 |
| 2026 Q3 | 7 | 43%3 of 7 questions | 6 |
- 2024 Q37 questions · challenge rate 29% (2 of 7 questions) · 5 companies
- 2024 Q422 questions · challenge rate 9% (2 of 22 questions) · 16 companies
- 2025 Q123 questions · challenge rate 13% (3 of 23 questions) · 16 companies
- 2025 Q225 questions · challenge rate 8% (2 of 25 questions) · 17 companies
- 2025 Q322 questions · challenge rate 9% (2 of 22 questions) · 16 companies
- 2025 Q417 questions · challenge rate 6% (1 of 17 questions) · 14 companies
- 2026 Q121 questions · challenge rate 0% (none of 21 questions) · 16 companies
- 2026 Q224 questions · challenge rate 13% (3 of 24 questions) · 18 companies
- 2026 Q37 questions · challenge rate 43% (3 of 7 questions) · 6 companies
Topics
Topics tagged on this analyst’s questions.
- Revenue Growth57
- Demand51
- Cloud & AI50
- Margin42
- Competitive Dynamics25
- Guidance Reliability18
- Innovation & R&D15
- Pricing14
- Supply Chain14
- Cost Pressure14
Show all 23 topics
- Capital Allocation11
- Capex Investment10
- Trade Tariffs7
- Product Launch6
- M&A6
- Geographic Expansion4
- Regulation Policy4
- Inventory3
- Macroeconomic3
- Fx2
- Subscriber Growth2
- Credit1
- Labor Market1