{"schema_version": "1.0", "history_policy": "Recorded release snapshots only. Initial capture does not reconstruct historical changes. recorded_at is capture time, not an asserted original publication time.", "events": [{"id": "126fd84f462ceaa204033d9be0743dbdc68199c320b4111138c045d00f0bd3d6", "ticker": "WULF", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-13", "model_version": "02df12494187a3d06d7937076255e84b2f4c9785918400380eb1522c9db1668e", "research_version": "4940cc9b6ab5682389382ee978dbde64a07540ac892d439836a18d7639ac6b80", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "WULF", "company": "TeraWulf", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 16.51, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": 1, "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 17.477276923169384, "probability_weighted": 15.887947072563517, "scenarios": {"failure": {"fair_value": 0.27224698983195683, "probability": 0.1}, "bear": {"fair_value": 5.943117406925177, "probability": 0.25}, "base": {"fair_value": 17.477276923169384, "probability": 0.45}, "bull": {"fair_value": 32.55084203211402, "probability": 0.2}}, "monte_carlo_median": 14.91482992826007, "method": "Project NAV + risked powered-land option"}, "thesis": {"pillars": ["Signed AI-infrastructure leases support asset-level value independently of the remaining Bitcoin-mining bridge.", "Future development value depends on site-specific readiness and financing, rather than a single haircut applied to all power.", "Google warrants, converts, existing awards and future funding determine how much asset value belongs to common shareholders."], "variant": "Large asset-level development spreads do not pass through one-for-one to each common share. The underwriting separates project cash from HoldCo cash and recognizes the substantial dilution and compensation burden.", "risks": ["Construction and financing delays can postpone lease cash flow.", "Warrants, convertible exposure and equity compensation absorb upside.", "Project reserves and remaining funding commitments limit deployable corporate liquidity."], "summary": "TeraWulf’s signed infrastructure leases underpin its asset value. Construction execution and financing must translate that value into common-share returns after warrants, converts, compensation and remaining capital commitments."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://investors.terawulf.com/news-events/press-releases/detail/144/terawulf-reports-second-quarter-2026-results", "title": "Q2 2026 results", "date": "2026-08-05", "category": "Company Materials", "supports": "Operating results and development updates", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/wulf-20260805.htm", "title": "August 5, 2026 Form 8-K", "date": "2026-08-05", "category": "Company Filings", "supports": "Earnings release and presentation filing", "source_type": "Primary company filing"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/terawulfq22026investorpr.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-05", "category": "Company Materials", "supports": "Capacity and capital structure disclosures", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "a17056218ad91e1c5ca117c67184e4088fddfff742e2eebb50a432f3e60b081e"}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/WULF"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/wulf", "model": "https://dilikogluresearch.com/wulf_model", "native_model": "https://dilikogluresearch.com/api/model/WULF", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=WULF"}, "model_version": "02df12494187a3d06d7937076255e84b2f4c9785918400380eb1522c9db1668e"}}, {"id": "2510886ebc057783e880b9028ec153e2f0ea51bd00a062c6fbbe00f536867ef6", "ticker": "MU", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-13", "model_version": "358f6b827cc5afcb122ee9400527044949d23a43eb9000112169d7606fae4a38", "research_version": "53f28bcdb1c0f302391c63d70df2ad92d44c3a3bd9825bcb506a466800fed4cb", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "MU", "company": "Micron Technology", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 975.26, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 1055.7066528076512, "probability_weighted": 983.5459374212963, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 286.81589224792646, "probability": 0.25}, "base": {"fair_value": 1055.7066528076512, "probability": 0.45}, "bull": {"fair_value": 2183.8698529793583, "probability": 0.2}}, "monte_carlo_median": 920.7614682891483, "method": "FY27–FY36 FCFF DCF plus normalized earnings cross-check"}, "thesis": {"summary": "Micron’s opportunity is to convert AI-memory demand into durable cash returns. The model separates estimated HBM from other DRAM and NAND, while normalizing pricing and margins and deducting capital reinvestment. This reviewed scenario baseline discloses the estimates and sensitivities supporting valuation; it is not an investment recommendation.", "pillars": ["HBM growth can improve product mix, but remains part of total DRAM.", "Customer agreements provide visibility without eliminating price, delivery and concentration risk.", "Capital spending and working capital determine how much operating profit becomes equity value."], "risks": ["Memory pricing normalizes faster than modeled.", "HBM qualification, packaging yields or shipment growth disappoint.", "Sustained reinvestment and terminal assumptions dominate the DCF."], "variant": "Near-term scarcity margins are not a permanent terminal margin. Underwrite bit volume, pricing and reinvestment separately."}, "governance": [{"signal": "HBM execution", "review_trigger": "Shipments below the scenario volume plan or packaging ramp delayed by two quarters", "action": "Reassess shipment ceiling, mix and capex timing together."}, {"signal": "Pricing and costs", "review_trigger": "Realized ASP misses plan by 15% or gross margin misses by 5 percentage points for two quarters", "action": "Rebuild product cost assumptions; do not preserve margin independently of price."}, {"signal": "Capital returns", "review_trigger": "Net capex exceeds plan by 20% without higher output or contracted returns", "action": "Lower cash returns and review terminal ROIC."}, {"signal": "Liquidity / contracts", "review_trigger": "Adjusted liquidity below $5bn, material default or deposit refund acceleration", "action": "Explicitly underwrite financing and dilution before approval."}, {"signal": "Terminal economics", "review_trigger": "Terminal value exceeds 60% of enterprise value", "action": "Review terminal margin/WACC and zero-growth sensitivities. High terminal dependence is a disclosed valuation risk, not proof that a cash-flow model is invalid."}], "sources": {"model_sources": [{"id": "q3-release", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24"}, {"id": "q3-10q", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25"}, {"id": "q3-remarks", "url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24"}, {"id": "fy25-10k", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312525000028/mu-20250828.htm", "title": "FY25 Form 10-K: three-year GAAP cycle history", "date": "2025-10-03"}, {"id": "us-supply-chain", "date": "2026-07-09", "title": "US ecosystem investment envelope", "url": "https://investors.micron.com/news/press-release/2026/Micron-Announces-Up-to-3-Billion-Strategic-Investment-to-Strengthen-U-S--Semiconductor-Ecosystem/default.aspx"}, {"id": "us-expansion", "date": "2026-07-09", "title": "US expansion plan through 2035", "url": "https://investors.micron.com/news/press-release/2026/Micron-Accelerates-U-S--Investments-Pours-First-Concrete-at-New-York-Fab/default.aspx"}, {"id": "anthropic", "date": "2026-06-22", "title": "Anthropic agreement and investment", "url": "https://investors.micron.com/news/press-release/2026/Micron-and-Anthropic-Announce-Strategic-Agreement-to-Scale-Next-Generation-AI-Infrastructure/default.aspx"}, {"id": "next-results", "date": "2026-08-26", "title": "FY26 Q4 reporting scheduled September 30", "url": "https://investors.micron.com/news/press-release/2026/Micron-Technology-to-Report-Fiscal-Fourth-Quarter-Results-on-September-30-2026/default.aspx"}], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24", "category": "Company Materials", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}], "lineage": [{"input": "Reported technology revenue and balance-sheet balances", "classification": "Reported", "source": "q3-10q", "treatment": "USD billions; HBM included in DRAM. Calculated dilution and non-operating-claim treatments are separately labeled estimates."}, {"input": "Q3 P&L, cash flow and capex", "classification": "Reported", "source": "q3-release", "treatment": "Gross capex, asset sales and incentives kept separate; restricted cash excluded."}, {"input": "FY26 Q4 revenue, gross margin and operating expenses", "classification": "Management guidance-commentary", "source": "q3-release", "treatment": "Guidance midpoint, not actual results. Used only for estimated opening FY27 cash bridge."}, {"input": "HBM Q3 allocation: $6bn", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Illustrative $4–8bn sensitivity within reported DRAM; standalone HBM total not established by reviewed disclosures. Remaining DRAM is residual, never additive."}, {"input": "Q4 D&A, capex/incentives, tax, working capital and dividend", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 D&A scales Q3 by 14/13 weeks; 15% tax follows management outlook. Cash capex/incentives and working-capital days are estimates. No interest income or deposit windfall is added to enterprise FCFF."}, {"input": "WACC, terminal growth/ROIC/margin, scenario priors and normalized EV/NOPAT multiple", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "DCF primary; terminal reinvestment = NOPAT × growth / ROIC. Earnings cross-check separate and not blended."}, {"input": "Customer deposits and tax payables", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported deposit and tax balances are financing-like claims in the research cash bridge. Tax receivables offset existing tax liabilities; no future deposit receipts create equity value."}, {"input": "Monte Carlo distributions and correlations", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "20,000 seeded scenario-mixture draws. Shared cycle shock links ASP, margins, capex and discount rate; HBM execution partially correlated. Judgment-based, not calibrated probabilities."}, {"input": "Ordinary shares and award claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported June ordinary shares plus 17m quarterly dilution proxy. Reviewed approximation, not exact period-end award count; 7–27m incremental-share sensitivity is disclosed. Future SBC remains expensed without cash add-back; no buyback benefit assumed."}, {"input": "Liquidity stress and minimum cash", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Annual adjusted net cash accumulates FCFF less $0.688bn dividends. $5bn minimum reserve; no new borrowing, deposits or buybacks. Funding gap is a diagnostic, not an assumed financing commitment or extra DCF deduction."}, {"input": "Historical gross margins", "classification": "Reported", "source": "fy25-10k", "treatment": "FY23–25 revenue and gross profit; margins calculated. History is cycle context, not a statistical estimate of future probabilities."}, {"input": "Product cost allocation and inflation", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Allocate Q3 COGS less estimated manufacturing depreciation (90% of reported total D&A) by product weights. Forecast cash costs include SBC; separate asset-based depreciation is added once. FY27 startup cost premiums fade with node productivity: Base HBM/DRAM/NAND annual cash-cost changes 0/-3/-4%. Fixed cash-cost share 50%. These are DR estimates, not reported product costs."}, {"input": "Indexed manufacturing capacity", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "HBM revenue is translated to relative DRAM bits using a 5x price premium and 3x wafer trade ratio. Shared DRAM capacity limits HBM and conventional DRAM together, with a separate packaging ceiling and NAND ceiling. Annual node productivity and capacity growth are explicit. No absolute wafer starts or guaranteed fab output claimed."}, {"input": "Terminal product margins", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Base HBM/DRAM/NAND margins 50/40/35%; other uses conventional DRAM margin. Weighted by final forecast product mix. FY25 consolidated margin was approximately 40%; HBM premium and continued structural improvement are assumptions. Terminal margin cannot exceed final explicit-year margin. No perpetual peak-margin extrapolation."}, {"input": "Operating working capital and existing tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Opening NWC uses trade receivables only, inventory, trade payables and operating accruals. Incentive receipts run through the cash-incentive forecast, with no separate receivable value. Current/noncurrent tax claims are net of tax receivables. Capital payables settle within cash capex. Q4 run rates use its 14-week duration."}, {"input": "Capex and other forecast assumptions", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Capital floors remain $40/42/44/48bn in FY27. Global physical capex incorporates US expansion, not an additional $250bn lump sum. Opex floor is FY26 nine-month GAAP opex plus Q4 guidance plus $1bn, grown 5% annually. Cash-to-asset additions use a disclosed flat capital-payables/incentive-accrual proxy."}, {"input": "Depreciation and asset roll-forward", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Straight-line 7-year equipment and 20-year building lives; commissioning lags 1/2 years and 55% construction share. Legacy net assets depreciate at annualized Q3 D&A until exhausted. Land is not depreciated. New depreciation is independent of ASP and stops at depreciable basis."}, {"input": "Trade receivables, asset book values and Q3 D&A", "classification": "Reported", "source": "q3-10q", "treatment": "Notes 5, 7 and 17 anchor operating working capital and the estimated asset schedule."}, {"input": "Post-May strategic investments and other uses", "classification": "Dilikoğlu Research estimate", "source": "us-supply-chain", "treatment": "Reserve $4bn cash: full $3bn announced ecosystem envelope plus $1bn illustrative allowance for undisclosed Anthropic investment. Recover 50% in non-operating equity value; also reserve $0.25bn other spending. No valuation premium. Show zero-to-$8bn cash / 0–100% recovery stress; this is not an assertion of actual disbursements."}, {"input": "Pricing, volume and probabilities — review disposition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 demand/ASP scenarios are retained. After FY27, annual ASP changes are Failure -18/-25/-25%, Bear -15/-22/-22%, Base -12/-18/-18%, Bull -8/-12/-12% for HBM/DRAM/NAND. DR estimates impose cycle normalization before the terminal year rather than use permanent compound cost inflation. No company-wide contract floor is invented."}, {"input": "Explicit cycle-to-terminal transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Five operating years FY27–FY31 followed by five transition years FY32–FY36. Revenue growth and gross margin converge gradually from achieved FY31 levels to the existing scenario terminal assumptions; the normalized gross-margin cap is retained. The commissioned-asset depreciation ledger continues throughout. Net capital spending transitions from FY31 intensity to depreciation plus NOPAT × growth / ROIC less incremental operating working capital. Incentives phase out. Terminal FCFF matches the last transition year grown at the terminal rate. This timing is a DR estimate, not Micron guidance; no upward margin or price revision is made simply to match market value."}, {"input": "Pace of price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Management expects DRAM/NAND tightness beyond calendar 2027. Base/Bull apply 50% of the annual normalization rate in FY28, 75% in FY29 and 100% in FY30–31; Failure/Bear retain full-rate normalization from FY28. The staged timing is a DR estimate, not price guidance or a contractual floor. Long-run margins, volume constraints, capital floors and scenario probabilities are unchanged."}, {"input": "Base quarterly-guidance planning anchors", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 revenue $50bn and GAAP gross margin 86% remain guidance only for Q4. Base FY27 uses 86% as an annual planning anchor, with a fixed implied cash-cost efficiency factor carried through the product cost curve. FY27 opex $7.728bn equals FY26 nine-month GAAP opex $4.868bn plus Q4 GAAP outlook $1.86bn plus management FY27 increase of about $1bn; this assumes a stable non-GAAP-to-GAAP adjustment burden. The FY27 opex amount includes depreciation and SBC. Later opex is the greater of this revenue ratio or a 5%-growing floor. FY27 net capex exceeds $40bn, consistent with quarterly spending above Q4’s $10bn. These are disclosed annual DR extrapolations, not new annual revenue/margin guidance."}, {"input": "Base tax-rate transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 uses Q4/FY26 guided tax rate of 15% as a DR planning anchor; subsequent years retain the 18% normalized rate. Management has not provided that full annual tax path."}, {"input": "Approved Base price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Base full annual price declines are 6% HBM and 10% other DRAM/NAND. Existing phase-in remains: half-rate FY28, three-quarter-rate FY29, full-rate FY30–31. This is an aggregate DR pricing estimate informed by supply tightness and customer agreements, not a disclosed contractual floor. Other scenarios and probabilities are unchanged."}], "model_provenance": {"command": "node scripts/build_mu.cjs", "input_sha256": "09e8e575cc65c9787fd244911f4f289525a0ad4d72937aec58d839260dda7b21"}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Reported technology revenue and balance-sheet balances", "classification": "Reported", "source": "q3-10q", "treatment": "USD billions; HBM included in DRAM. Calculated dilution and non-operating-claim treatments are separately labeled estimates."}, {"input": "Q3 P&L, cash flow and capex", "classification": "Reported", "source": "q3-release", "treatment": "Gross capex, asset sales and incentives kept separate; restricted cash excluded."}, {"input": "FY26 Q4 revenue, gross margin and operating expenses", "classification": "Management guidance-commentary", "source": "q3-release", "treatment": "Guidance midpoint, not actual results. Used only for estimated opening FY27 cash bridge."}, {"input": "HBM Q3 allocation: $6bn", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Illustrative $4–8bn sensitivity within reported DRAM; standalone HBM total not established by reviewed disclosures. Remaining DRAM is residual, never additive."}, {"input": "Q4 D&A, capex/incentives, tax, working capital and dividend", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 D&A scales Q3 by 14/13 weeks; 15% tax follows management outlook. Cash capex/incentives and working-capital days are estimates. No interest income or deposit windfall is added to enterprise FCFF."}, {"input": "WACC, terminal growth/ROIC/margin, scenario priors and normalized EV/NOPAT multiple", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "DCF primary; terminal reinvestment = NOPAT × growth / ROIC. Earnings cross-check separate and not blended."}, {"input": "Customer deposits and tax payables", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported deposit and tax balances are financing-like claims in the research cash bridge. Tax receivables offset existing tax liabilities; no future deposit receipts create equity value."}, {"input": "Monte Carlo distributions and correlations", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "20,000 seeded scenario-mixture draws. Shared cycle shock links ASP, margins, capex and discount rate; HBM execution partially correlated. Judgment-based, not calibrated probabilities."}, {"input": "Ordinary shares and award claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported June ordinary shares plus 17m quarterly dilution proxy. Reviewed approximation, not exact period-end award count; 7–27m incremental-share sensitivity is disclosed. Future SBC remains expensed without cash add-back; no buyback benefit assumed."}, {"input": "Liquidity stress and minimum cash", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Annual adjusted net cash accumulates FCFF less $0.688bn dividends. $5bn minimum reserve; no new borrowing, deposits or buybacks. Funding gap is a diagnostic, not an assumed financing commitment or extra DCF deduction."}, {"input": "Historical gross margins", "classification": "Reported", "source": "fy25-10k", "treatment": "FY23–25 revenue and gross profit; margins calculated. History is cycle context, not a statistical estimate of future probabilities."}, {"input": "Product cost allocation and inflation", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Allocate Q3 COGS less estimated manufacturing depreciation (90% of reported total D&A) by product weights. Forecast cash costs include SBC; separate asset-based depreciation is added once. FY27 startup cost premiums fade with node productivity: Base HBM/DRAM/NAND annual cash-cost changes 0/-3/-4%. Fixed cash-cost share 50%. These are DR estimates, not reported product costs."}, {"input": "Indexed manufacturing capacity", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "HBM revenue is translated to relative DRAM bits using a 5x price premium and 3x wafer trade ratio. Shared DRAM capacity limits HBM and conventional DRAM together, with a separate packaging ceiling and NAND ceiling. Annual node productivity and capacity growth are explicit. No absolute wafer starts or guaranteed fab output claimed."}, {"input": "Terminal product margins", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Base HBM/DRAM/NAND margins 50/40/35%; other uses conventional DRAM margin. Weighted by final forecast product mix. FY25 consolidated margin was approximately 40%; HBM premium and continued structural improvement are assumptions. Terminal margin cannot exceed final explicit-year margin. No perpetual peak-margin extrapolation."}, {"input": "Operating working capital and existing tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Opening NWC uses trade receivables only, inventory, trade payables and operating accruals. Incentive receipts run through the cash-incentive forecast, with no separate receivable value. Current/noncurrent tax claims are net of tax receivables. Capital payables settle within cash capex. Q4 run rates use its 14-week duration."}, {"input": "Capex and other forecast assumptions", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Capital floors remain $40/42/44/48bn in FY27. Global physical capex incorporates US expansion, not an additional $250bn lump sum. Opex floor is FY26 nine-month GAAP opex plus Q4 guidance plus $1bn, grown 5% annually. Cash-to-asset additions use a disclosed flat capital-payables/incentive-accrual proxy."}, {"input": "Depreciation and asset roll-forward", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Straight-line 7-year equipment and 20-year building lives; commissioning lags 1/2 years and 55% construction share. Legacy net assets depreciate at annualized Q3 D&A until exhausted. Land is not depreciated. New depreciation is independent of ASP and stops at depreciable basis."}, {"input": "Trade receivables, asset book values and Q3 D&A", "classification": "Reported", "source": "q3-10q", "treatment": "Notes 5, 7 and 17 anchor operating working capital and the estimated asset schedule."}, {"input": "Post-May strategic investments and other uses", "classification": "Dilikoğlu Research estimate", "source": "us-supply-chain", "treatment": "Reserve $4bn cash: full $3bn announced ecosystem envelope plus $1bn illustrative allowance for undisclosed Anthropic investment. Recover 50% in non-operating equity value; also reserve $0.25bn other spending. No valuation premium. Show zero-to-$8bn cash / 0–100% recovery stress; this is not an assertion of actual disbursements."}, {"input": "Pricing, volume and probabilities — review disposition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 demand/ASP scenarios are retained. After FY27, annual ASP changes are Failure -18/-25/-25%, Bear -15/-22/-22%, Base -12/-18/-18%, Bull -8/-12/-12% for HBM/DRAM/NAND. DR estimates impose cycle normalization before the terminal year rather than use permanent compound cost inflation. No company-wide contract floor is invented."}, {"input": "Explicit cycle-to-terminal transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Five operating years FY27–FY31 followed by five transition years FY32–FY36. Revenue growth and gross margin converge gradually from achieved FY31 levels to the existing scenario terminal assumptions; the normalized gross-margin cap is retained. The commissioned-asset depreciation ledger continues throughout. Net capital spending transitions from FY31 intensity to depreciation plus NOPAT × growth / ROIC less incremental operating working capital. Incentives phase out. Terminal FCFF matches the last transition year grown at the terminal rate. This timing is a DR estimate, not Micron guidance; no upward margin or price revision is made simply to match market value."}, {"input": "Pace of price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Management expects DRAM/NAND tightness beyond calendar 2027. Base/Bull apply 50% of the annual normalization rate in FY28, 75% in FY29 and 100% in FY30–31; Failure/Bear retain full-rate normalization from FY28. The staged timing is a DR estimate, not price guidance or a contractual floor. Long-run margins, volume constraints, capital floors and scenario probabilities are unchanged."}, {"input": "Base quarterly-guidance planning anchors", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 revenue $50bn and GAAP gross margin 86% remain guidance only for Q4. Base FY27 uses 86% as an annual planning anchor, with a fixed implied cash-cost efficiency factor carried through the product cost curve. FY27 opex $7.728bn equals FY26 nine-month GAAP opex $4.868bn plus Q4 GAAP outlook $1.86bn plus management FY27 increase of about $1bn; this assumes a stable non-GAAP-to-GAAP adjustment burden. The FY27 opex amount includes depreciation and SBC. Later opex is the greater of this revenue ratio or a 5%-growing floor. FY27 net capex exceeds $40bn, consistent with quarterly spending above Q4’s $10bn. These are disclosed annual DR extrapolations, not new annual revenue/margin guidance."}, {"input": "Base tax-rate transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 uses Q4/FY26 guided tax rate of 15% as a DR planning anchor; subsequent years retain the 18% normalized rate. Management has not provided that full annual tax path."}, {"input": "Approved Base price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Base full annual price declines are 6% HBM and 10% other DRAM/NAND. Existing phase-in remains: half-rate FY28, three-quarter-rate FY29, full-rate FY30–31. This is an aggregate DR pricing estimate informed by supply tightness and customer agreements, not a disclosed contractual floor. Other scenarios and probabilities are unchanged."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/MU"}, "model_note": "Reviewed DR scenario baseline. Forecasts remain estimates; source review and stress ranges are disclosed. Opening FY27 cash uses Q4 guidance. No recommendation assigned. Portfolio scoring inputs are disclosed separately.", "limitations": ["HBM allocation, cash costs and indexed capacity remain DR estimates; their sensitivities are part of this reviewed baseline.", "Q4 balances remain estimated until September 30 results. The model is valued at estimated opening FY27, not a live price target.", "Exact period-end award counts and undisclosed investment disbursements are unavailable; explicit share and strategic-cash stress ranges bound the assumptions without claiming verified totals.", "Asset lives are anchored to accounting policy, but commissioning, capital-payable changes, incentive accruals and depreciation allocation are estimated; this is not a full GAAP forecast.", "Annual net-cash stress excludes future financing, deposit receipts and discretionary buybacks. It is not an intra-quarter cash forecast.", "Terminal normalized margins can be lower than FY31 operating margins. The decline is phased through FY32–FY36 as explicit cycle normalization; terminal sensitivities are unblended.", "Portfolio Analytics uses a separately disclosed frozen market reference and DR evidence score; no investment recommendation is made.", "FY32–FY36 is an estimated normalization period. Product revenue follows the FY31 mix and a fading aggregate growth rate; it is not a physical wafer forecast. The longer horizon does not establish durability of peak margins."], "links": {"coverage": "https://dilikogluresearch.com/coverage/mu", "model": "https://dilikogluresearch.com/mu_model", "native_model": "https://dilikogluresearch.com/api/model/MU", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=MU"}, "model_version": "358f6b827cc5afcb122ee9400527044949d23a43eb9000112169d7606fae4a38"}}, {"id": "2a5ab45c95e61fe15547b5b5f484dbcb337af8e2457c2f6302a6fe6572957425", "ticker": "AEHR", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-20", "model_version": "2d744a662163cc991103ba8dc0738af92918a7f040af3eabc3177826908e2114", "research_version": "0b307d1365d8b69d46a2fc5c6d5d0299d1c365bf0acb2b797eadad31ff9caabe", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "AEHR", "company": "Aehr Test Systems", "currency": "USD", "model_as_of": "2026-09-20", "valuation_date": "2026-09-18", "valuation_horizon": null, "reference_price": {"value": 93.49, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 77.59176475128686, "probability_weighted": 86.95644848076564, "scenarios": {"failure": {"fair_value": 0.5376660889675025, "probability": 0.1}, "bear": {"fair_value": 11.856924115454849, "probability": 0.25}, "base": {"fair_value": 77.59176475128686, "probability": 0.45}, "bull": {"fair_value": 245.11078352463045, "probability": 0.2}}, "monte_carlo_median": 50.75495793529254, "method": "Remaining FY2027–FY2036 cash flows plus exit EV/EBIT; finite awards / tax shield; perpetuity FCFF cross-check"}, "thesis": {"summary": "Aehr’s opportunity is to convert AI and photonics qualification into accepted equipment and contactor sales. This guidance-aligned scenario model values cash conversion and long-term adoption, with explicit estimates for the fiscal transition, compensation and working capital.", "pillars": ["Existing and new AI, photonics, power and memory forecasts reconcile to systems, consumables and services.", "FY2027 Base uses revenue guidance midpoint and the call’s explicit pretax profitability midpoint; source wording conflict is disclosed.", "Backlog conversion, customer concentration and working capital determine shareholder cash returns."], "risks": ["Production qualification or customer acceptance delays revenue.", "Burn-in intensity, competing solutions or reduced sampling weaken repeat demand.", "Market expectations require sustained growth beyond the next year’s guidance."], "variant": "Booked orders support delivery visibility; they do not eliminate customer, technology or valuation risk."}, "governance": [{"signal": "FY2027 revenue", "trigger": "Below $130m guide floor or repeated acceptance delays", "action": "Review backlog conversion, collections and scenario weights"}, {"signal": "Profit conversion", "trigger": "Non-GAAP pretax margin below 18% despite guide-level revenue", "action": "Rebuild gross margin, opex and SBC bridge"}, {"signal": "Order replacement", "trigger": "Two quarters of book-to-bill below 1 or material cancellation", "action": "Lower delivery and consumables growth assumptions"}, {"signal": "Working capital", "trigger": "Receivables >110 days or inventory >220 days at scale", "action": "Stress cash conversion and funding availability"}, {"signal": "Technology adoption", "trigger": "Pilot programs fail to reach production; burn-in intensity declines", "action": "Remove uncontracted platform expansion assumptions"}, {"signal": "Customer / financing risk", "trigger": "Material customer default, repeated dilution or cash below reserve", "action": "Reassess going-concern funding and downside equity value"}], "sources": {"model_sources": [{"id": "fy26-10k", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"id": "fy26-results", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"id": "fiscal-calendar", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"id": "aug-order", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"id": "photonics", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"id": "price", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"id": "price-check", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"id": "fy26-call", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "source_type": "Primary company disclosure", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"category": "Company Materials", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "source_type": "Primary company disclosure", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"category": "Company Filings", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "source_type": "Primary company disclosure", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"category": "Company Materials", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"category": "Company Materials", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"category": "Industry / Market Data", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"category": "Industry / Market Data", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "source_type": "Market data", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"category": "Company Materials", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "source_type": "Management remarks via third-party transcript", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "lineage": [{"input": "Reported financial anchors and claims", "classification": "Reported", "treatment": "FY2026 audited May 29 financial statements. July 20 ordinary shares are the latest count located; May awards require a DR post-period vesting bridge. Restricted cash is excluded. ATM cash and issued shares are already in the balance sheet."}, {"input": "FY2027 management outlook", "classification": "Management guidance-commentary", "treatment": "Revenue $130–150m; CEO and CFO explicitly state pretax non-GAAP profitability of 18–22%. The filed release says net income without specifying pretax. Base adopts the explicit call basis; the after-tax reading is separately sensitized. No tax gross-up in the primary EBIT bridge. Interest and adjusted tax rates remain DR estimates."}, {"input": "Fiscal timing and opening cash", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 runs June 27, 2026–June 25, 2027. The prior 28-day stub is separate. September 18 cash and working capital are estimated by bridging May statements through the stub and 83/91 of a DR Q1 forecast. Elapsed cash flows are not valued again. Fixed costs, depreciation, award expense and interest use elapsed calendar time; revenue uses the seasonal quarterly ramp."}, {"input": "Orders and customer forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "May backlog plus $20m subsequent bookings underlying July effective backlog plus the separate August $22m order support the order bridge. These are gross dated observations, not a current net backlog. FY2027 bookings include those post-May orders; neither they nor the $41m April order are added again. Unpriced photonics orders, pilot tests and customer capacity forecasts are not guaranteed revenue."}, {"input": "Product economics and cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Six mutually exclusive end-market/program revenue paths include systems, initial and repeat consumables and services. They are partitioned into reported product categories, never added on top. FY2027 Base: $50m package AI, $48m existing wafer AI, $24.5m photonics, $17.5m power/other, zero new AI and memory. This reconciles 70% AI, 17.5% photonics and ~30% consumables commentary. All future cohort amounts, product allocations and margins are DR estimates. No unnamed customer identity is inferred. Power/other includes residual service revenue. Orders are not additional revenue."}, {"input": "SBC, awards and tax assets", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution and their remaining noncash expense is added back. Future SBC remains a cash-equivalent economic cost, not an extra share reserve. SAR and unpaid issuance liabilities are excluded from operating working capital and paid once in the interim bridge. Tax assets reduce forecast cash taxes subject to a recovery estimate; no separate DTA addition to equity."}, {"input": "Terminal value, scenarios and Monte Carlo", "classification": "Dilikoğlu Research estimate", "treatment": "Ten fiscal years to FY2036 with a five-year growth normalization. Primary terminal value is recurring economic EBIT after future SBC at 8/12/20/25x for Failure/Bear/Base/Bull. Sector valuation inputs match COHR: WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%; all are DR judgments. Perpetuity FCFF is a separate unblended cross-check. AEHR operating paths remain company-specific. Exit multiples have 15% log dispersion correlated with demand; other simulation distributions remain AEHR-specific."}, {"input": "Customer adoption forecast", "classification": "Dilikoğlu Research estimate", "treatment": "Base existing AI programs expand with device ramps; new AI wafer production begins FY2028 after pilot acceptance. Memory is zero through FY2028, then $5m/$15m/$30m in FY2029–31 conditional on a sponsored development program. Bull permits earlier adoption; Bear/Failure include no memory revenue. These are conditional forecasts, not management multi-year guidance. Package growth assumes second-device expansion; wafer growth does not additionally count conversion of the same package device. Qualification failures require cohort removal."}, {"input": "Pricing and capacity cross-check", "classification": "Management guidance-commentary", "treatment": "Management described ~$600–700k Sonoma bundles including consumables, ~$5m FOX bundles, roughly $50m FY2027 package revenue, and conditional capacity around 20 external Sonoma and 20 internal FOX systems per month. Revenue / bundle ASP is an illustrative bundle-equivalent diagnostic: separate consumables and services mean it is not a shipment forecast. Manufacturing capacity is not demand or a revenue commitment. Hiring, supplier availability and customer forecasts are required."}, {"input": "Base forecast calibration and delivery conditions", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 package revenue uses the approximate $50m call anchor; existing wafer AI is 70% of $140m less package revenue; photonics uses the 17.5% midpoint; power/other is the residual. Through FY2031, DR existing package/wafer forecasts reach $145m/$160m as second-device and existing-program ramps recur. New AI contributes $110m only after successful pilot conversion; photonics $95m assumes repeated optical deployments; power/other $42m assumes gradual recovery; memory $30m requires development sponsorship. These dollar paths are analyst scenario judgments, not quantities disclosed by management. At illustrative call pricing, FY2031 Base revenue corresponds to ~223 Sonoma bundles and ~87 FOX bundles if all respective revenue were bundled system sales; repeat consumables reduce implied system needs. Near-term capacity is only a feasibility check. Bull requires further package capacity or higher-value configurations; neither is committed. No capacity figure is added to forecast demand."}], "model_provenance": {"command": "node scripts/build_aehr.cjs", "input_sha256": "800c2ad7dc438c87a8067247c7456e8aa1deb9307e77ad6a360f5c931e2493cb", "engine_sha256": "a8d06c5c7fb972c7e77f1a17f041bbfce6547c5471732f27ce356e6c7833d72e"}}, "estimates": {"items": [{"path": "actual.fy26Revenue", "value": 0.050001, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.fy25Revenue", "value": 0.058968, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.fy24Revenue", "value": 0.066218, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.productRevenue.0", "value": 0.028669, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.productRevenue.1", "value": 0.014887, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.productRevenue.2", "value": 0.006445, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.costOfRevenue", "value": 0.03235, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.rd", "value": 0.012633, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.sga", "value": 0.019161, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.ebit", "value": -0.014149, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.netIncome", "value": -0.007126, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.cfo", "value": -0.00331, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.capex", "value": 0.002066, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.sbc", "value": 0.006761, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.da", "value": 0.002799, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.cash", "value": 0.116358, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.restrictedCash", "value": 0.00015, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.receivables", "value": 0.017473, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.inventory", "value": 0.041354, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.prepaidAssets", "value": 0.009263, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.payables", "value": 0.006754, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.accruals", "value": 0.005283, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.deferredRevenue", "value": 0.005226, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.ppe", "value": 0.00894, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.intangibles", "value": 0.009552, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.deferredTaxAssets", "value": 0.023829, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.leaseLiability", "value": 0.009882, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.fundedDebt", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.mayShares", "value": 0.03248, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.julyShares", "value": 0.03262045, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.rsus", "value": 0.000707, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.maximumExtraPerformanceShares", "value": 7.1e-05, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.options", "value": 0.000316, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.optionStrike", "value": 5.11, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.unrecognizedAwardExpense", "value": 0.0089, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.awardYears", "value": 2.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.sarLiability", "value": 0.0006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.issuancePayable", "value": 0.000296, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.atmNetCash", "value": 0.097395, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.backlog", "value": 0.0806, "classification": "Reported", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.effectiveBacklog", "value": 0.1006, "classification": "Reported", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.augustOrder", "value": 0.022, "classification": "Reported", "sourceUrl": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.q4Revenue", "value": 0.018835, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.topCustomerShare", "value": 0.263, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.0", "value": 0.001183, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.1", "value": 0.000981, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.2", "value": 0.000939, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.3", "value": 0.000939, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.4", "value": 0.000939, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.5", "value": 0.004571, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.revenueLow", "value": 0.13, "classification": "Management guidance-commentary", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.revenueHigh", "value": 0.15, "classification": "Management guidance-commentary", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.pretaxMarginLow", "value": 0.18, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.pretaxMarginHigh", "value": 0.22, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.sonomaFy27Revenue", "value": 0.05, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.sonomaBundleAspLow", "value": 0.0006, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.sonomaBundleAspHigh", "value": 0.0007, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.foxBundleAsp", "value": 0.005, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.aiRevenueShare", "value": 0.7, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.photonicsShareLow", "value": 0.15, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.photonicsShareHigh", "value": 0.2, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.consumablesShare", "value": 0.3, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.externalSonomaPerMonth", "value": 20, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.potentialInternalFoxPerMonth", "value": 20, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.memoryFy27Revenue", "value": 0, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.0", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.1", "value": 0.31, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.2", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.3", "value": 0.26, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.elapsedQ1Fraction", "value": 0.9120879120879121, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.stubRevenue", "value": 0.002, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.stubCashBurn", "value": 0.002, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.interimWorkingCapitalFraction", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.interimCapex", "value": 0.00075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.postMayAwardVesting", "value": 0.0001, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.extraPerformanceFraction", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.operatingPrepaidFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.operatingCashReserve", "value": 0.012, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.otherOperatingAssetRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.accrualRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.terminalFadeYears", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.financingFee", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fy27Revenue", "value": 0.078, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productGrossMargins.0", "value": 0.33, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productGrossMargins.1", "value": 0.47, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productGrossMargins.2", "value": 0.38, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalNonGaapMargin", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 240, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cashOpexGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrossMargin", "value": 0.43, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cashYield", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.taxAssetRecovery", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fy27Bookings", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.backlogCancellation", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.knownOrderConversion", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.depositRate", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.futureBookToBill", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLoss", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fundingPrice", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.equityCapacity", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fy27PretaxMargin", "value": -0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.0", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.1", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.2", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.3", "value": 0.026, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.4", "value": 0.027, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.0", "value": 0.024, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.1", "value": 0.022, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.2", "value": 0.022, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.3", "value": 0.023, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.4", "value": 0.024, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.3", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.4", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.0", "value": 0.014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.1", "value": 0.013, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.2", "value": 0.014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.3", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.4", "value": 0.016, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.0", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.1", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.2", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.3", "value": 0.011, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.4", "value": 0.012, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.3", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.4", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fy27Revenue", "value": 0.115, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productGrossMargins.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productGrossMargins.1", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productGrossMargins.2", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalNonGaapMargin", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 200, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 40, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cashOpexGrowth", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrossMargin", "value": 0.49, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cashYield", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.taxAssetRecovery", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fy27Bookings", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.backlogCancellation", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.knownOrderConversion", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.depositRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.futureBookToBill", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLoss", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fundingPrice", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.equityCapacity", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fy27PretaxMargin", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.0", "value": 0.042, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.1", "value": 0.048, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.2", "value": 0.054, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.3", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.4", "value": 0.066, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.0", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.1", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.2", "value": 0.052, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.3", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.4", "value": 0.068, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.2", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.3", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.4", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.0", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.1", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.2", "value": 0.031, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.3", "value": 0.037, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.4", "value": 0.043, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.0", "value": 0.018, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.1", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.2", "value": 0.023, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.3", "value": 0.026, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.4", "value": 0.029, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.3", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.4", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fy27Revenue", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productGrossMargins.0", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productGrossMargins.1", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productGrossMargins.2", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalNonGaapMargin", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 175, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cashOpexGrowth", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrossMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cashYield", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.taxAssetRecovery", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fy27Bookings", "value": 0.185, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.backlogCancellation", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.knownOrderConversion", "value": 0.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.depositRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.futureBookToBill", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLoss", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fundingPrice", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.equityCapacity", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fy27PretaxMargin", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.1", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.2", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.3", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.4", "value": 0.145, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.0", "value": 0.048, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.1", "value": 0.072, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.2", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.3", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.4", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.1", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.2", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.3", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.4", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.0", "value": 0.0245, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.1", "value": 0.038, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.2", "value": 0.055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.3", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.4", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.0", "value": 0.0175, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.1", "value": 0.022, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.2", "value": 0.028, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.3", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.4", "value": 0.042, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.2", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.3", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.4", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fy27Revenue", "value": 0.165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productGrossMargins.0", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productGrossMargins.1", "value": 0.63, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productGrossMargins.2", "value": 0.47, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalNonGaapMargin", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 155, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 50, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cashOpexGrowth", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrossMargin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cashYield", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.taxAssetRecovery", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fy27Bookings", "value": 0.26, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.backlogCancellation", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.knownOrderConversion", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.depositRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.futureBookToBill", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLoss", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fundingPrice", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.equityCapacity", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fy27PretaxMargin", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.0", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.1", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.2", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.3", "value": 0.19, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.4", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.0", "value": 0.055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.1", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.2", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.3", "value": 0.195, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.4", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.0", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.1", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.2", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.3", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.4", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.0", "value": 0.0275, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.1", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.2", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.3", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.4", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.0", "value": 0.0175, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.1", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.2", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.3", "value": 0.048, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.4", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.1", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.3", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.4", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.normalizationGrowthCap", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.seed", "value": 20260920, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.growthSigma", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.marginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.workingCapitalSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.009, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.terminalMarginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.creditCorrelation", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.adoptionSigma", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.exitMultipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "referencePrice", "value": 93.49, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/aehr/history/", "note": "September 18 regular close, independently cross-checked. Not a live quote.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Reported financial anchors and claims", "classification": "Reported", "treatment": "FY2026 audited May 29 financial statements. July 20 ordinary shares are the latest count located; May awards require a DR post-period vesting bridge. Restricted cash is excluded. ATM cash and issued shares are already in the balance sheet."}, {"input": "FY2027 management outlook", "classification": "Management guidance-commentary", "treatment": "Revenue $130–150m; CEO and CFO explicitly state pretax non-GAAP profitability of 18–22%. The filed release says net income without specifying pretax. Base adopts the explicit call basis; the after-tax reading is separately sensitized. No tax gross-up in the primary EBIT bridge. Interest and adjusted tax rates remain DR estimates."}, {"input": "Fiscal timing and opening cash", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 runs June 27, 2026–June 25, 2027. The prior 28-day stub is separate. September 18 cash and working capital are estimated by bridging May statements through the stub and 83/91 of a DR Q1 forecast. Elapsed cash flows are not valued again. Fixed costs, depreciation, award expense and interest use elapsed calendar time; revenue uses the seasonal quarterly ramp."}, {"input": "Orders and customer forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "May backlog plus $20m subsequent bookings underlying July effective backlog plus the separate August $22m order support the order bridge. These are gross dated observations, not a current net backlog. FY2027 bookings include those post-May orders; neither they nor the $41m April order are added again. Unpriced photonics orders, pilot tests and customer capacity forecasts are not guaranteed revenue."}, {"input": "Product economics and cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Six mutually exclusive end-market/program revenue paths include systems, initial and repeat consumables and services. They are partitioned into reported product categories, never added on top. FY2027 Base: $50m package AI, $48m existing wafer AI, $24.5m photonics, $17.5m power/other, zero new AI and memory. This reconciles 70% AI, 17.5% photonics and ~30% consumables commentary. All future cohort amounts, product allocations and margins are DR estimates. No unnamed customer identity is inferred. Power/other includes residual service revenue. Orders are not additional revenue."}, {"input": "SBC, awards and tax assets", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution and their remaining noncash expense is added back. Future SBC remains a cash-equivalent economic cost, not an extra share reserve. SAR and unpaid issuance liabilities are excluded from operating working capital and paid once in the interim bridge. Tax assets reduce forecast cash taxes subject to a recovery estimate; no separate DTA addition to equity."}, {"input": "Terminal value, scenarios and Monte Carlo", "classification": "Dilikoğlu Research estimate", "treatment": "Ten fiscal years to FY2036 with a five-year growth normalization. Primary terminal value is recurring economic EBIT after future SBC at 8/12/20/25x for Failure/Bear/Base/Bull. Sector valuation inputs match COHR: WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%; all are DR judgments. Perpetuity FCFF is a separate unblended cross-check. AEHR operating paths remain company-specific. Exit multiples have 15% log dispersion correlated with demand; other simulation distributions remain AEHR-specific."}, {"input": "Customer adoption forecast", "classification": "Dilikoğlu Research estimate", "treatment": "Base existing AI programs expand with device ramps; new AI wafer production begins FY2028 after pilot acceptance. Memory is zero through FY2028, then $5m/$15m/$30m in FY2029–31 conditional on a sponsored development program. Bull permits earlier adoption; Bear/Failure include no memory revenue. These are conditional forecasts, not management multi-year guidance. Package growth assumes second-device expansion; wafer growth does not additionally count conversion of the same package device. Qualification failures require cohort removal."}, {"input": "Pricing and capacity cross-check", "classification": "Management guidance-commentary", "treatment": "Management described ~$600–700k Sonoma bundles including consumables, ~$5m FOX bundles, roughly $50m FY2027 package revenue, and conditional capacity around 20 external Sonoma and 20 internal FOX systems per month. Revenue / bundle ASP is an illustrative bundle-equivalent diagnostic: separate consumables and services mean it is not a shipment forecast. Manufacturing capacity is not demand or a revenue commitment. Hiring, supplier availability and customer forecasts are required."}, {"input": "Base forecast calibration and delivery conditions", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 package revenue uses the approximate $50m call anchor; existing wafer AI is 70% of $140m less package revenue; photonics uses the 17.5% midpoint; power/other is the residual. Through FY2031, DR existing package/wafer forecasts reach $145m/$160m as second-device and existing-program ramps recur. New AI contributes $110m only after successful pilot conversion; photonics $95m assumes repeated optical deployments; power/other $42m assumes gradual recovery; memory $30m requires development sponsorship. These dollar paths are analyst scenario judgments, not quantities disclosed by management. At illustrative call pricing, FY2031 Base revenue corresponds to ~223 Sonoma bundles and ~87 FOX bundles if all respective revenue were bundled system sales; repeat consumables reduce implied system needs. Near-term capacity is only a feasibility check. Bull requires further package capacity or higher-value configurations; neither is committed. No capacity figure is added to forecast demand."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AEHR"}, "model_note": "DR cohort forecast anchored to FY2027 guidance, management customer commentary and August orders. Pretax margin follows explicit call wording; release wording differs. September 18 opening balances are estimated from May disclosures. No recommendation assigned.", "limitations": ["FY2027 Q1 and the 28-day transition period are not yet reported as of this review; the interim balance sheet and quarterly ramp are estimates.", "Management provides approximate bundle pricing, mix and conditional capacity, but not audited customer-level forecasts, actual future shipments, standalone consumables attach rates or platform margins. Cohort forecasts and product allocations remain DR estimates.", "May award tables and July ordinary shares are reconciled using estimated vesting; exact September award balances remain unavailable.", "Tax-asset utilization is modeled as a finite cash-tax shield, not a jurisdiction-by-jurisdiction tax return. Annual cash checks cannot establish daily liquidity.", "Demand can be lumpy and customers can reduce burn-in time or sample fewer devices. Product sales do not establish recurring ARR.", "Terminal returns and long-term adoption drive much of value; the simulation is conditional on analyst assumptions and does not measure objective probabilities.", "Margin basis conflicts between the filed release and call. Primary forecast uses explicit pretax call wording; the after-tax interpretation is a sensitivity. An estimated 18% adjusted tax rate is used only for after-tax earnings disclosure, while FCFF uses 23% normalized cash tax and finite tax savings."], "links": {"coverage": "https://dilikogluresearch.com/coverage/aehr", "model": "https://dilikogluresearch.com/aehr_model", "native_model": "https://dilikogluresearch.com/api/model/AEHR", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AEHR"}, "model_version": "2d744a662163cc991103ba8dc0738af92918a7f040af3eabc3177826908e2114"}}, {"id": "378bf2c455a00356370bb26e091e381914a7b9f6ffb7f9a8bc6889769ef10e2a", "ticker": "NVDA", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-14", "model_version": "fa21bbe1eb200cf87fe048ec2ee8ac8208ba9e044c5deff452315ff10cb7f0ce", "research_version": "c7dd96da6a836421088159be97a9837e207af590593a229c7a84bee944b6da33", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "NVDA", "company": "NVIDIA Corporation", "currency": "USD", "model_as_of": "2026-09-14", "valuation_date": "2026-07-26", "valuation_horizon": null, "reference_price": {"value": 218.29, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 302.15116405928717, "probability_weighted": 308.0230043137424, "scenarios": {"failure": {"fair_value": 8.017045944119577, "probability": 0.1}, "bear": {"fair_value": 75.85148855142342, "probability": 0.25}, "base": {"fair_value": 302.15116405928717, "probability": 0.45}, "bull": {"fair_value": 761.4520187739768, "probability": 0.2}}, "monte_carlo_median": 245.9521408101816, "method": "H2 FY27–FY36 FCFF DCF with a gradual terminal transition; exit EV/EBIT cross-check"}, "thesis": {"summary": "NVIDIA’s model tests whether compute-platform demand converts into durable cash returns after procurement, reinvestment and partner support. Revenue growth, margins and terminal returns are scenario estimates anchored to current filings and quarterly guidance.", "pillars": ["Hyperscale and AI Clouds / Industrial / Enterprise provide distinct demand channels within Data Center.", "Product transitions and the software ecosystem can support economics, but do not guarantee permanent margins.", "Working capital, strategic investments and partner exposure determine cash available to shareholders."], "risks": ["Custom silicon, competitive accelerators or customer spending slowdowns weaken pricing and growth.", "Procurement outruns deliveries, extending inventory and collection cycles.", "Cloud support, guarantees and private investment losses absorb cash."], "variant": "Assess cash conversion and sustainable returns alongside compute demand; exclude speculative investment gains from operating earnings."}, "governance": [{"signal": "Revenue execution", "trigger": "Two quarters below the lower end of issued guidance", "action": "Review customer-group demand and shift probability toward Bear."}, {"signal": "Margin durability", "trigger": "Gross margin below 65% for two quarters without a temporary transition explanation", "action": "Reassess pricing power, input costs and terminal returns."}, {"signal": "Cash conversion", "trigger": "Receivable days exceed 90 or procurement materially exceeds deliveries", "action": "Stress collection losses, inventory obsolescence and liquidity."}, {"signal": "Partner support", "trigger": "Guarantee calls, customer defaults or unrecoverable cloud commitments", "action": "Charge incremental losses and revisit investment recoveries."}, {"signal": "Competitive position", "trigger": "Custom silicon or alternative accelerators reduce comparable shipment economics", "action": "Reduce growth/margins; no assumed permanent market share."}, {"signal": "Capital intensity", "trigger": "Capex and supplier deposits persistently outgrow revenue", "action": "Increase reinvestment and reduce terminal ROIC."}], "sources": {"model_sources": [{"id": "q2-10q", "title": "FY2027 Q2 Form 10-Q", "date": "2026-08-27", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf"}, {"id": "q2-results", "title": "FY2027 Q2 results and Q3 outlook", "date": "2026-08-26", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027"}, {"id": "q2-call", "title": "FY2027 Q2 earnings call transcript", "date": "2026-08-26", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY2027 Q2 Form 10-Q", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "date": "2026-08-27", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 results and Q3 outlook", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 earnings call transcript", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}], "lineage": [{"input": "Historical financial anchors and debt", "classification": "Reported", "treatment": "FY27 Q2 statements and notes, in USD bn. Revenue uses recast market-platform presentation. Debt principal reconciles to carrying value plus unamortized issuance costs. No equity investment gains in EBIT.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 revenue, gross margin and GAAP opex; full-year tax range. Base begins at the guidance midpoint; all Q4 and subsequent annual extrapolation is DR estimation.", "source": "q2-results"}, {"input": "Operating scenarios", "classification": "Dilikoğlu Research estimate", "treatment": "Q3 product mix held at reported Q2 proportions. FY28–FY32 group growth fades linearly between stated endpoints. Gross margin and operating expenses are forecast separately, then transition to mature returns through FY36. Failure is a severe demand and counterparty shock, not an asserted default probability. Base Q4 GAAP opex is 8% above Q3 guidance; later opex growth and margin paths are DR estimates. Reported FY27 non-GAAP measures include SBC; the model retains future SBC as an expense. FY28 growth inputs refer to the annualized H2 FY27 run rate, not full-year FY27; both rates are disclosed in forecast exports.", "source": "q2-call"}, {"input": "Cash and capital requirements", "classification": "Dilikoğlu Research estimate", "treatment": "Opening working capital starts from reported receivables, inventory, payables, prepaid assets, specified accruals and deferred revenue. Residual other assets exclude locked equities and derivative assets, then use an 80% operating fraction; other accruals use 80%. Opening derived asset/liability ratios anchor forecast balances. Deferred revenue additions and release reconcile separately; only the change in its liability enters FCFF. Supply commitments set procurement floors, with impairment on excess inventory. Physical assets use five-year lives; reported finite amortization is separate. Opening physical depreciation is anchored to reported Q2 D&A less amortization, annualized, and capped by opening PPE. New assets use five-year lives. Procurement consumption excludes estimated noncash COGS; 20% of physical depreciation is allocated to COGS, SBC in COGS uses its reported Q2 revenue ratio, and component purchases represent 90% of cash COGS. These cost allocations are DR estimates, with 80–100% component-share sensitivities.", "source": "q2-10q"}, {"input": "Security claims and strategic exposure", "classification": "Dilikoğlu Research estimate", "treatment": "Cash and debt securities less principal debt and an operating reserve; separate recovery/tax haircuts for equity investments. Scheduled future equity purchases incur a loss haircut; cash funding includes their full cost. Guarantees are stressed at scenario-specific loss fractions, paid at year 3.5. Existing award shares included once; future SBC stays expensed. Locked public equities are included with the public recovery haircut. Opening current tax and license payables are deducted as separate claims and paid in H2; uncertain-tax settlement fractions are DR estimates. Remaining SBC includes ESPP; 90% is allocated to existing share awards, with 10% retained as an economic expense.", "source": "q2-10q"}, {"input": "Discount rate and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Primary FCFF DCF discounted to the last balance-sheet date. FY36 operating earnings support a separate exit EV/EBIT cross-check, never blended. No output targets or automatic multiple matching to the market.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "20,000 reproducible draws from scenario priors. Shared demand and execution shocks affect growth, margins, working capital, investments and partner losses; discount rates co-move inversely. Dispersion is judgment, not statistical confidence.", "source": "q2-call"}], "model_provenance": {"command": "node scripts/build_nvda.cjs", "input_sha256": "1e586fa9e2988b4bb17e0868640d6adfdf4278b90fa5056418aa5347839e17c0"}}, "estimates": {"items": [{"path": "actual.q2Revenue", "value": 96.221, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Products.0", "value": 48.71, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Products.1", "value": 40.313, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Products.2", "value": 7.198, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1Revenue", "value": 177.837, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2GrossProfit", "value": 72.142, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Opex", "value": 8.408, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Ebit", "value": 63.734, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Cfo", "value": 24.077, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1Cfo", "value": 74.421, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Capex", "value": 2.677, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Da", "value": 1.127, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Sbc", "value": 2.027, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cash", "value": 22.443, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.debtSecurities", "value": 34.143, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.marketableEquity", "value": 42.783, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.privateEquity", "value": 51.157, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.receivables", "value": 63.059, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.inventory", "value": 31.575, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.payables", "value": 15.059, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.debtPrincipal", "value": 33.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.debtCarrying", "value": 33.366, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ordinaryShares", "value": 24.147, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.outstandingAwards", "value": 0.168, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.unrecognizedSbc", "value": 19.4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.awardExpenseYears", "value": 2.6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ppe", "value": 14.285, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.guaranteeExposure", "value": 108.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.0", "value": 92, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.1", "value": 87, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.2", "value": 88, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.3", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.4", "value": 5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.5", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.0", "value": 18, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.1", "value": 3, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.2", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.3", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.0", "value": 7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.1", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.2", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.3", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.0", "value": 3, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.1", "value": 8, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.2", "value": 7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.3", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.4", "value": 4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.5", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.0", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.1", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.2", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.3", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.4", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.5", "value": 20, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.0", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.1", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.2", "value": 8, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.3", "value": 7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.4", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.5", "value": 9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.0", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.1", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.2", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.3", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.4", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.5", "value": 17, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.lockedPublicEquity", "value": 4.957, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.equityDerivativeAssets", "value": 0.824, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.otherAssets", "value": 15.746, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.prepaidCurrentAssets", "value": 3.409, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.customerProgramAccruals", "value": 7.391, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.warrantyAccruals", "value": 2.938, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.payrollAccruals", "value": 1.206, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.otherCurrentAccruals", "value": 2.479, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.deferredRevenue", "value": 6.412, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1DeferredAdditions", "value": 17.709, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1DeferredRelease", "value": 13.869, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.openingH1DeferredRevenue", "value": 2.572, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.currentTaxesPayable", "value": 5.206, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.uncertainTaxLiabilities", "value": 5.602, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.licensePayable", "value": 0.986, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.intangibles", "value": 2.998, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 0.482, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 0.795, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 0.642, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 0.528, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 0.468, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 0.083, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.netIncome", "value": 118.01, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.sbc", "value": 3.954, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.da", "value": 2.124, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.deferredTax", "value": 0.982, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.investmentGains", "value": -23.707, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.otherNoncash", "value": 0.222, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.receivables", "value": -24.59, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.inventory", "value": -10.204, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.prepaids", "value": -6.48, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.payables", "value": 4.125, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.currentAccruals", "value": 8.015, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.longTermLiabilities", "value": 1.97, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Amortization", "value": 0.237, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2SbcCogs", "value": 0.071, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.0.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.0.coupon", "value": 0.032, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.0.time", "value": 0.1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.1.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.1.coupon", "value": 0.0425, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.1.time", "value": 1.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.2.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.2.coupon", "value": 0.0155, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.2.time", "value": 1.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.3.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.3.coupon", "value": 0.0435, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.3.time", "value": 2.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.4.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.4.coupon", "value": 0.0285, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.4.time", "value": 3.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.5.principal", "value": 4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.5.coupon", "value": 0.045, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.5.time", "value": 4.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.6.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.6.coupon", "value": 0.02, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.6.time", "value": 4.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.7.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.7.coupon", "value": 0.0475, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.7.time", "value": 6.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.8.principal", "value": 4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.8.coupon", "value": 0.0495, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.8.time", "value": 9.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.9.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.9.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.9.time", "value": 13.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.10.principal", "value": 3, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.10.coupon", "value": 0.0555, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.10.time", "value": 19.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.11.principal", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.11.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.11.time", "value": 23.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.12.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.12.coupon", "value": 0.05625, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.12.time", "value": 29.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.13.principal", "value": 0.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.13.coupon", "value": 0.037, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.13.time", "value": 33.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3Revenue", "value": 108, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3RevenueTolerance", "value": 0.02, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3GrossMargin", "value": 0.74, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3GrossMarginTolerance", "value": 0.005, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3GaapOpex", "value": 9.2, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.fy27TaxLow", "value": 0.16, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.fy27TaxHigh", "value": 0.18, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.reserve", "value": 15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4.012640449438202, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.existingAwardPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.investmentTaxHaircut", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.guaranteePaymentTime", "value": 3.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.q3GuidanceFactor", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.q4SequentialGrowth", "value": -0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy28Growth.0", "value": -0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy28Growth.1", "value": -0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy28Growth.2", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32Growth.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32Growth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32Growth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.h2GrossMargin", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32GrossMargin", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.h2OpexFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.opexGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.terminalEbitMargin", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 180, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.publicRecovery", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.privateRecovery", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.newInvestmentRecovery", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.guaranteeLossFraction", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.partnerSupportFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.deferredRevenueFactor", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.taxClaimSettlementFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.workingCapitalAssetFactor", "value": 1.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.q3GuidanceFactor", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.q4SequentialGrowth", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy28Growth.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy28Growth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy28Growth.2", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32Growth.0", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32Growth.1", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32Growth.2", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.h2GrossMargin", "value": 0.71, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32GrossMargin", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.h2OpexFactor", "value": 1.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.opexGrowth", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.terminalEbitMargin", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.032, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.publicRecovery", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.privateRecovery", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.newInvestmentRecovery", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.guaranteeLossFraction", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.partnerSupportFraction", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.deferredRevenueFactor", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.taxClaimSettlementFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.workingCapitalAssetFactor", "value": 1.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.q3GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.q4SequentialGrowth", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy28Growth.0", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy28Growth.1", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy28Growth.2", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32Growth.0", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32Growth.1", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32Growth.2", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.h2GrossMargin", "value": 0.74, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32GrossMargin", "value": 0.69, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.opexGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.terminalEbitMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.publicRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.privateRecovery", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.newInvestmentRecovery", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.guaranteeLossFraction", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.partnerSupportFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.deferredRevenueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.taxClaimSettlementFraction", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.q3GuidanceFactor", "value": 1.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.q4SequentialGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy28Growth.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy28Growth.1", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy28Growth.2", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32Growth.0", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32Growth.1", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32Growth.2", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.h2GrossMargin", "value": 0.745, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32GrossMargin", "value": 0.73, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.opexGrowth", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.terminalEbitMargin", "value": 0.59, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.085, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 90, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.publicRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.privateRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.newInvestmentRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.guaranteeLossFraction", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.partnerSupportFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.deferredRevenueFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.taxClaimSettlementFraction", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.q4OpexGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.otherAssetOperatingFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.otherAccrualOperatingFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.existingAwardExpenseFraction", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.amortizationOpexFraction", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.depreciationCogsFraction", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.componentShareOfCashCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.seed", "value": 20260914, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.annualGrowthSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.grossMarginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.opexSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.terminalMarginSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.investmentSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.guaranteeSigma", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.exitMultipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.terminalRoicSigma", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.deferredRevenueSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Historical financial anchors and debt", "classification": "Reported", "treatment": "FY27 Q2 statements and notes, in USD bn. Revenue uses recast market-platform presentation. Debt principal reconciles to carrying value plus unamortized issuance costs. No equity investment gains in EBIT.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 revenue, gross margin and GAAP opex; full-year tax range. Base begins at the guidance midpoint; all Q4 and subsequent annual extrapolation is DR estimation.", "source": "q2-results"}, {"input": "Operating scenarios", "classification": "Dilikoğlu Research estimate", "treatment": "Q3 product mix held at reported Q2 proportions. FY28–FY32 group growth fades linearly between stated endpoints. Gross margin and operating expenses are forecast separately, then transition to mature returns through FY36. Failure is a severe demand and counterparty shock, not an asserted default probability. Base Q4 GAAP opex is 8% above Q3 guidance; later opex growth and margin paths are DR estimates. Reported FY27 non-GAAP measures include SBC; the model retains future SBC as an expense. FY28 growth inputs refer to the annualized H2 FY27 run rate, not full-year FY27; both rates are disclosed in forecast exports.", "source": "q2-call"}, {"input": "Cash and capital requirements", "classification": "Dilikoğlu Research estimate", "treatment": "Opening working capital starts from reported receivables, inventory, payables, prepaid assets, specified accruals and deferred revenue. Residual other assets exclude locked equities and derivative assets, then use an 80% operating fraction; other accruals use 80%. Opening derived asset/liability ratios anchor forecast balances. Deferred revenue additions and release reconcile separately; only the change in its liability enters FCFF. Supply commitments set procurement floors, with impairment on excess inventory. Physical assets use five-year lives; reported finite amortization is separate. Opening physical depreciation is anchored to reported Q2 D&A less amortization, annualized, and capped by opening PPE. New assets use five-year lives. Procurement consumption excludes estimated noncash COGS; 20% of physical depreciation is allocated to COGS, SBC in COGS uses its reported Q2 revenue ratio, and component purchases represent 90% of cash COGS. These cost allocations are DR estimates, with 80–100% component-share sensitivities.", "source": "q2-10q"}, {"input": "Security claims and strategic exposure", "classification": "Dilikoğlu Research estimate", "treatment": "Cash and debt securities less principal debt and an operating reserve; separate recovery/tax haircuts for equity investments. Scheduled future equity purchases incur a loss haircut; cash funding includes their full cost. Guarantees are stressed at scenario-specific loss fractions, paid at year 3.5. Existing award shares included once; future SBC stays expensed. Locked public equities are included with the public recovery haircut. Opening current tax and license payables are deducted as separate claims and paid in H2; uncertain-tax settlement fractions are DR estimates. Remaining SBC includes ESPP; 90% is allocated to existing share awards, with 10% retained as an economic expense.", "source": "q2-10q"}, {"input": "Discount rate and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Primary FCFF DCF discounted to the last balance-sheet date. FY36 operating earnings support a separate exit EV/EBIT cross-check, never blended. No output targets or automatic multiple matching to the market.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "20,000 reproducible draws from scenario priors. Shared demand and execution shocks affect growth, margins, working capital, investments and partner losses; discount rates co-move inversely. Dispersion is judgment, not statistical confidence.", "source": "q2-call"}], "native_inputs_url": "https://dilikogluresearch.com/api/model/NVDA"}, "model_note": "DR scenario baseline using FY27 Q2 financials and Q3 guidance. Valuation date July 26, 2026; information reviewed September 14. Forecasts, terminal economics and partner losses remain estimates. No recommendation assigned.", "limitations": ["Customer-group revenue indexes are analyst forecasts, not reported physical GPU unit shipments or ASPs. No unsupported software or China premium.", "Contract schedules beyond FY31 aggregate later years; the model allocates those balances evenly through FY36. Exact payment dates and cancellation rights are not simulated.", "Supply commitments are minimum procurement in the cash model; excess procurement enters inventory and is exposed to impairment. Not all company commitments are noncancelable.", "Operating leases and cloud service use are contained in operating expenses. Partner support payments are separately stressed; no duplicate full contractual debt deduction.", "No automatic buyback accretion, speculative investment gains, acquisition premium or upfront subtraction of all gross guarantees.", "The cash schedule excludes discretionary dividends and repurchases. Negative cash is an unfunded-plan flag; extreme funding failure receives zero common recovery. No new financing is assumed.", "Terminal growth, ROIC and margins are DR estimates. Monte Carlo uses judgment-based correlated shocks, not empirically calibrated probabilities.", "The filing does not fully disaggregate other operating assets/accruals or the ESPP share of unrecognized SBC. The model uses disclosed 80% residual operating fractions and 90% existing-award expense allocation, with sensitivities. Acquisition-related amortization is estimated 90% in opex; remaining expense is in cost of revenue.", "The company does not disclose a complete purchased-component cost ledger. Procurement modeling estimates the portion of cash COGS that consumes supply commitments; it is not a reported cash-purchases forecast."], "links": {"coverage": "https://dilikogluresearch.com/coverage/nvda", "model": "https://dilikogluresearch.com/nvda_model", "native_model": "https://dilikogluresearch.com/api/model/NVDA", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=NVDA"}, "model_version": "fa21bbe1eb200cf87fe048ec2ee8ac8208ba9e044c5deff452315ff10cb7f0ce"}}, {"id": "3807a712098d0af30de78993078b896ebf731d813bd670ad34471c8fb542eeb3", "ticker": "CRWV", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-13", "model_version": "8c74e2fe1470fcccdf6821108f3ba4f76637a6328b800467ec62b9192df8eb3f", "research_version": "7fd8824c0ccb264fd98d0440431d902949e41aeb9540de927934f28ad85f1820", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "CRWV", "company": "CoreWeave", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 89.36, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "legacy_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 119.38021927349604, "probability_weighted": 102.80918131345923, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 28.966920806505925, "probability": 0.3}, "base": {"fair_value": 119.38021927349604, "probability": 0.45}, "bull": {"fair_value": 269.3200426562282, "probability": 0.15}}, "monte_carlo_median": 84.1903694252234, "method": "EV/ARR less standard net debt"}, "thesis": {"pillars": ["Backlog provides demand evidence, while delivery timing determines how much becomes recognized revenue and operating cash.", "GPU-cloud scale must be assessed against debt, leases and fixed commitments rather than revenue growth alone.", "Project financing and refinancing capacity determine how much enterprise value reaches common equity."], "variant": "Strong contracted demand and common-equity attractiveness are separate questions. The valuation must carry the credit, fixed-charge and dilution burden alongside the operating growth case.", "risks": ["Customer concentration creates counterparty and renewal exposure.", "Debt maturities and lease commitments constrain financial flexibility.", "Delivery delays and additional equity compensation can erode per-share value."], "summary": "CoreWeave’s contracted demand supports a substantial growth opportunity. The investment case depends on converting backlog into cash while carrying debt, leases and refinancing needs that reduce the value available to common shareholders."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Reports-Strong-Second-Quarter-2026-Results/default.aspx", "title": "Q2 2026 results / backlog / power", "date": "2026-08-11", "category": "Company Materials", "supports": "Q2 2026 results / backlog / power", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-12", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/overview/default.aspx", "title": "Q3/FY26 outlook", "date": "2026-08-11", "category": "Company Materials", "supports": "Q3/FY26 outlook", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-Landmark-8-5-Billion-Financing-Facility-Achieving-First-Investment-Grade-Rated-GPU-backed-Financing/default.aspx", "title": "DDTL 4.0 financing", "date": "2026-03-31", "category": "Financing / Counterparty Sources", "supports": "DDTL 4.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/ex9912.htm", "title": "DDTL 5.0 financing", "date": "2026-05-18", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-2-6-Billion-Loan-Facility-Expanding-Financing-Flexibility-for-AI-Infrastructure/default.aspx", "title": "DDTL 5.5 financing", "date": "2026-08-10", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.5 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000164/crwv-20260409.htm", "title": "2032 convert", "date": "2026-04-14", "category": "Financing / Counterparty Sources", "supports": "2032 convert", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000105/crwv-20251208.htm", "title": "2031 convert", "date": "2025-12-11", "category": "Financing / Counterparty Sources", "supports": "2031 convert", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "cd96ce1528e777fafd6033bc83adef8fe816702d31bf5b5c4f0fdb475b234c7c"}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/CRWV"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/crwv", "model": "https://dilikogluresearch.com/crwv_model", "native_model": "https://dilikogluresearch.com/api/model/CRWV", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=CRWV"}, "model_version": "8c74e2fe1470fcccdf6821108f3ba4f76637a6328b800467ec62b9192df8eb3f"}}, {"id": "38b23ed3202f916171b925929cdd11e98a420f761b097070881c357785c4ceda", "ticker": "COHR", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-13", "model_version": "a428a44f4b72095775d6554ff8138595b78babf24f2f446c848077fb282bc7a9", "research_version": "da47dbc2c6a21d3e1fab23a77217b547cca9fa0c84181c67e9e2ecdce1d620a4", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "COHR", "company": "Coherent Corp.", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 305.37, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 231.48155720713123, "probability_weighted": 245.9591695328772, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 23.39947607729681, "probability": 0.25}, "base": {"fair_value": 231.48155720713123, "probability": 0.45}, "bull": {"fair_value": 679.7129988517197, "probability": 0.2}}, "monte_carlo_median": 152.93113409270143, "method": "FY27–FY36 discounted FCFF plus scenario exit EV/EBIT; perpetuity FCFF cross-check"}, "thesis": {"summary": "Reviewed scenario research on high-speed optics growth, manufacturing returns and the funding required to capture equity value. Source anchors and analyst estimates are disclosed separately.", "pillars": ["High-speed optics is an estimated subset of Datacenter & Communications.", "Manufacturing execution must convert demand into delivered volume and cash.", "NVIDIA funding is already in the balance sheet and earns no separate valuation premium."], "risks": ["Working capital and capex absorb the operating profit from growth.", "Product qualification delays, price erosion and customer concentration.", "Debt, minority interests and funding requirements reduce equity capture."], "variant": "Optical demand alone is insufficient: manufacturing cash returns and financing determine shareholder value."}, "governance": [{"signal": "Optics demand", "trigger": "Two quarters of high-speed shipment growth below scenario plan", "action": "Lower volume and capacity utilization together."}, {"signal": "Unit economics", "trigger": "ASP erosion outpaces cost reductions; gross margin misses plan by 3 points", "action": "Rebuild cost and product-mix assumptions."}, {"signal": "Cash conversion", "trigger": "Inventory days above 180 or capex over plan by 20%", "action": "Reassess liquidity and reinvestment returns."}, {"signal": "Customer concentration / technology", "trigger": "Material cancellation, qualification delay or competing architecture loss", "action": "Reduce supported demand; do not capitalize a partnership headline."}, {"signal": "Equity capture", "trigger": "Funding shortfall or dilution not matched by cash returns", "action": "Underwrite financing terms before approving valuation."}], "sources": {"model_sources": [{"id": "fy26-release", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12"}, {"id": "nvidia-8k", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02"}, {"id": "fy26-10k", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14"}, {"id": "q4-presentation", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12"}, {"id": "technology-briefing", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://www.coherent.com/content/dam/coherent/site/en/documents/investors/investor-presentations/2026/march-17/OFC-2026-Investor%20event-deck-vf.pdf", "date": "2026-03-17"}, {"id": "investor-day-2025", "date": "2025-05-28", "title": "2025 Investor Day financial target model, slide 81 (non-GAAP objectives)", "url": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://ir.coherent.com/static-files/4d17c747-58b8-4ed4-8a97-968c65aa2112", "date": "2026-03-17", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}], "lineage": [{"input": "Reported operating anchors", "classification": "Reported", "source": "fy26-release", "treatment": "FY26 segment revenue and financial statements. Q4 segment revenue is the run-rate anchor; year-over-year Industrial comparisons include divestitures."}, {"input": "FY27 Q1 outlook", "classification": "Management guidance-commentary", "source": "fy26-release", "treatment": "Revenue range and non-GAAP margin/opex outlook are displayed separately. They are not annual forecasts or GAAP assumptions."}, {"input": "High-speed optics allocation and costs", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Allocate 65% of Q4 Datacenter & Communications to high-speed optics. Other D&C is residual; no separate CPO revenue uplift. Cost weights normalize to reported Q4 consolidated gross margin; 25% fixed and 75% volume-linked costs."}, {"input": "Volume, pricing, capacity and unit cost paths", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Scenario indexes refer to annualized Q4. High-speed delivered volume is capped by annual manufacturing bounds. Annual price erosion and cost improvements are distinct; forecast margins are outputs."}, {"input": "Cash conversion, opex, D&A, tax and capex", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Separate FY26 $0.2803bn acquired-intangible amortization from total $0.521895bn D&A. Forecast amortization uses Note 6 schedule; physical assets have capped remaining bases, 70% equipment/7 years and 30% buildings/20 years, a one-year commissioning lag, and opening CIP released 50/50 over FY27/28. Cost allocation follows reported COGS amortization share and estimated 90% factory-depreciation share. Cash capex remains scenario-driven; SBC is retained as an economic cost."}, {"input": "Equity claims", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "June 30 common shares 212.615894m issued less 16.863102m treasury = 195.752792m, aligned to June awards. Reported August count 195.832246m is a cross-check. RSUs, scenario PSU payouts, option premium and cash-settled awards remain separate. Debt principal, finance leases and pension deficit are distinct claims. No additional quarterly share proxy."}, {"input": "Completed NVIDIA issuance", "classification": "Reported", "source": "nvidia-8k", "treatment": "7.788161m common shares and $2bn gross proceeds were issued in March. Already reflected in June balances; partnership optionality earns no separate valuation premium."}, {"input": "Restricted cash and minority interests", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Restricted cash is excluded from parent liquidity. Equity bridge values it at 0/50/75/100% of $606.4m and subtracts 1/1/1/1.25x reported NCI book value. Both treatments are proxies, not subsidiary fair-value appraisals."}, {"input": "Discount rate, terminal economics and exit multiple", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Five operating years plus five transition years. Revenue growth, EBIT margin and net reinvestment converge gradually; terminal capex less physical depreciation plus incremental NWC equals NOPAT × g / ROIC. Acquired amortization is excluded from recurring replacement capital. Terminal FCFF matches the final transition economics; no sudden capex release at FY31. Primary terminal value uses FY2036 recurring EBIT (EBIT plus finite acquired-intangible amortization, with SBC retained as an expense) at 8/12/20/25x in Failure/Bear/Base/Bull, discounted to opening FY27. These DR estimates reflect stressed, slower-growth, durable-growth and stronger-growth outcomes; they are not management guidance. Perpetuity FCFF is a separate unblended cross-check. Monte Carlo exit multiples have 15% log dispersion correlated with the operating cycle."}, {"input": "Monte Carlo", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "20,000 seeded draws use the same operating, assets, financing and shareholder-value engine. Correlated price, execution, costs, working capital, credit access and award payouts; estimates also stress high-speed mix, issuance discounts and capital conversion. Paths with negative cash after the bounded operating response have zero common-equity recovery."}, {"input": "Debt maturities and credit commitments", "classification": "Reported", "source": "fy26-10k", "treatment": "Repayment schedule and instrument principal come from Note 8. June revolver availability is $664m, below $700m commitment. The $945m August facility was undrawn at August 14 and restricted to the subsidiary borrower’s permitted uses; excluded from parent funding."}, {"input": "Refinancing and available credit usage", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Refinance 0/85/100/100% of annual principal maturities above $0.5bn. Pay smaller amortization from cash. Revolver access is 0/50/100/100% of reported availability; renewal beyond FY2030 at 0/75/100/100% of scenario availability. Fees 2%; annual interest 10/8/6/5.5%. Draw only to replenish the $0.5bn reserve. New financing is not a commitment or equity-value addition. Fee PV reduces value; principal is not subtracted twice from FCFF valuation."}, {"input": "Share award payout and cash-settled awards", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "PSUs at 0/50/100/150% of reported units are DR outcomes, not verified contractual payout limits. No future grants added to shares while forecast SBC remains an economic cost. Cash SAR intrinsic value and cash RSUs are deducted dynamically; ordinary options add premium dilution only."}, {"input": "Product roadmap and manufacturing capacity", "classification": "Management guidance-commentary", "source": "technology-briefing", "treatment": "InP production doubling in calendar 2026 and 2027 supports capacity expansion directionally. Wafer/device capacity is not delivered transceiver revenue. Qualification, assembly and mix remain analyst estimates."}, {"input": "Residual common equity and distress", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Raise residual cash needs after debt at a scenario discount with 3% issuance fees and per-year availability limits. The equity-value bridge charges discounted issuance fees and below-fair-value transfer only; FCFF already includes operating deficits, so principal funding is not deducted twice. If cash remains negative after the bounded operating response, common value is zero; reserve breaches alone do not imply zero recovery. Annual equivalent share issuance is disclosed separately."}, {"input": "Leases and pensions", "classification": "Reported / Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Finance lease PV $14.233m is debt-like; payments use Note 9. Operating leases remain operating costs and are not subtracted again. $49m combined underfunded pensions are reserved against opening deployable cash and deducted once from equity value; no additional deficit payment in FCFF."}, {"input": "Evidence bands and scenario probabilities", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "10/25/45/20% scenario priors are judgment-based. Comparable product price changes and capacity execution are uncertain. The Base FY27 annual revenue is explicitly compared with the Q1 guidance midpoint; FY28 onward is not management guidance."}, {"input": "Discount-rate and equity-funding assumptions", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "WACC 13/11.5/10/9%, cost of equity WACC + 2pp, terminal ROIC 8/10/13/16%; sensitivity ranges are disclosed instead of claiming a reported beta or capital-cost forecast. Equity discounts 50/30/15/10%, per-year raise limits 0/0.5/1/2bn and 3% fees. $7.2m reserve protects cash-award settlement liquidity only; equity claims remain dynamic and are not deducted again."}, {"input": "Scenario estimate ranges", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "High-speed allocation 50–80% stress range around 65%; annual comparable-product price erosion 3–9% around 6%, before separately estimated product mix; capital spending ±20%; inventory days ±30; WACC 8–14%; minority value 0.5–2x book. These are sensitivity ranges, not confidence intervals or management targets."}, {"input": "Product mix and funding response", "classification": "Dilikoğlu Research estimate", "source": "technology-briefing", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -2.56% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability."}, {"input": "Ordinary Bear versus Failure", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Bear represents slower demand and weaker manufacturing efficiency, not simultaneous product-price collapse and a credit freeze. FY27 high-speed volume stays 1.2x versus Base 1.65x; price 0.97x and annual mix match Base, while unit cost remains 0.99x versus Base 0.95x. Slower expansion uses 10% revenue capex with $1.1/1/1/1/1bn floors. Large maturities refinance 85%, versus Base 100%; 50% revolver access is retained with 75% renewal of that reduced limit. These are DR scenario definitions, not financing commitments. Failure retains operating and credit stress. Priors and valuation discount rates are unchanged."}, {"input": "Manufacturing productivity reassessment", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -4.59% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. Base comparable high-speed cost improves 6% per year and Bull 7%; other D&C improves 3%. These DR assumptions recognize yield, process and scale improvements; Failure/Bear retain 4% high-speed cost improvement. Terminal recurring EBIT targets are 20% Base / 23% Bull, capped by achieved FY31 performance. The 2025 non-GAAP objectives (>42% gross margin, 18% opex and >24% operating margin) are contextual targets, not substituted for modeled margins. SBC stays expensed and finite amortization is modeled separately."}, {"input": "Transition growth after expansion cancellation", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free."}, {"input": "Base guidance-aligned margin bridge", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 non-GAAP gross-margin planning anchor is the Q1 guidance midpoint 40.5%; DR extensions are 41.5% FY28 and 42.5% FY29–31, meeting the dated >42% objective. Non-GAAP opex scales from Q1 midpoint $0.410bn / $2.3bn revenue to the 18% long-term objective. Reported Q4 COGS SBC $7.4m and opex SBC $46.5m establish separate revenue ratios retained as economic costs. Forecast acquired amortization is deducted separately. Implied cash-cost efficiency factors reconcile the product model to those Base planning margins and stay fixed in Monte Carlo, so price/cost shocks still change margins. This is a DR annual extrapolation and operating-efficiency requirement, not additional company guidance."}, {"input": "Base tax planning rate", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "19% cash tax planning rate uses the midpoint of Q1 non-GAAP tax guidance of 18–20%; applying it across future taxable operating profits is a DR extrapolation, not long-term company guidance."}], "model_provenance": {"command": "node scripts/build_cohr.cjs", "input_sha256": "adf75d706f66e61c72adb80362f88fa55835e459f67a086eb10e025e6790ad37"}}, "estimates": {"items": [{"path": "actual.revenueBn", "value": 7.1182, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.priorRevenueBn", "value": 5.8101, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.dcRevenueBn", "value": 5.2746, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.industrialRevenueBn", "value": 1.8436, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4DcBn", "value": 1.615, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4IndustrialBn", "value": 0.4305, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4GrossMargin", "value": 0.385, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cogsBn", "value": 4.4491, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.rdBn", "value": 0.723, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.sgaBn", "value": 1.0446, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cfoBn", "value": 0.0795, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashCapexBn", "value": 1.1029, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashBn", "value": 1.162, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.investmentsBn", "value": 0.825, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.restrictedCashBn", "value": 0.606378, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtCarryingBn", "value": 3.222224, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtCurrentBn", "value": 0.007916, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.nciBookBn", "value": 0.334705, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.receivablesBn", "value": 1.3433, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.inventoryBn", "value": 2.581, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.payablesBn", "value": 1.9054, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.quarterDilutedSharesBn", "value": 0.2022, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.quarterBasicSharesBn", "value": 0.1957, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.preferredBalanceBn", "value": 0, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.nvidiaIssuedSharesM", "value": 7.788161, "classification": "Reported", "source": "nvidia-8k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.nvidiaGrossProceedsBn", "value": 2, "classification": "Reported", "source": "nvidia-8k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.daBn", "value": 0.521895, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.capitalPayablesBn", "value": 0.371779, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ordinarySharesBn", "value": 0.195752792, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Arithmetic from reported components; not a separately reported company metric.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtPrincipalBn", "value": 3.257482, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.rsuSharesBn", "value": 0.002406714, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.psuSharesBn", "value": 0.002397885, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.optionSharesBn", "value": 0.000376536, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.optionStrike", "value": 39.1, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashSarUnitsBn", "value": 1.6438e-05, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashSarStrike", "value": 36.08, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashRsuUnitsBn", "value": 8.846e-06, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.revolverAvailableBn", "value": 0.664, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.foreignFacilityCommitmentBn", "value": 0.945, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.intangibleAmortizationBn", "value": 0.2803, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.intangibleCogsAmortizationBn", "value": 0.1112, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ppeNetBn", "value": 2.999343, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.landBn", "value": 0.058996, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.constructionInProgressBn", "value": 0.776511, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.finiteIntangiblesBn", "value": 2.454474, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Arithmetic from reported components; not a separately reported company metric.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.financeLeaseBn", "value": 0.014233, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.pensionDeficitBn", "value": 0.049, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Arithmetic from reported components; not a separately reported company metric.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.subsequentOrdinarySharesBn", "value": 0.195832246, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4CogsSbcBn", "value": 0.0074, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4OpexSbcBn", "value": 0.0465, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1RevenueLowBn", "value": 2.2, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1RevenueHighBn", "value": 2.4, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapGmLow", "value": 0.395, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapGmHigh", "value": 0.415, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapOpexLowBn", "value": 0.4, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapOpexHighBn", "value": 0.42, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapGrossMarginThreshold", "value": 0.42, "classification": "Management guidance-commentary", "source": "investor-day-2025", "sourceUrl": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf", "note": "Dated non-GAAP long-term objective; threshold values are not GAAP forecasts.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapOpexRatio", "value": 0.18, "classification": "Management guidance-commentary", "source": "investor-day-2025", "sourceUrl": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf", "note": "Dated non-GAAP long-term objective; threshold values are not GAAP forecasts.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapOperatingMarginThreshold", "value": 0.24, "classification": "Management guidance-commentary", "source": "investor-day-2025", "sourceUrl": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf", "note": "Dated non-GAAP long-term objective; threshold values are not GAAP forecasts.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapTaxLow", "value": 0.18, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapTaxHigh", "value": 0.2, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.highSpeedShareOfDc", "value": 0.65, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.highSpeedCostWeight", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.fixedCostShare", "value": 0.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.minimumCashBn", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeFY27.0", "value": 0.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeFY27.1", "value": 0.85, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeFY27.2", "value": 0.85, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceFY27.0", "value": 0.75, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceFY27.1", "value": 0.92, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceFY27.2", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeGrowth.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeGrowth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeGrowth.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capacityFY27", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capacityGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostFY27.0", "value": 1.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostFY27.1", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostFY27.2", "value": 1.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostChange.0", "value": -0.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostChange.1", "value": -0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.opexRatio", "value": 0.24, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.22, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.16, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.1", "value": 0.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.2", "value": 0.7, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.3", "value": 0.6, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.4", "value": 0.6, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 200, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalMargin", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.restrictedCashValueFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.nciValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.psuPayoutFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.refinanceFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverAccessFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverRenewalFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.fundingInterestRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.equityIssueDiscount", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.equityRaiseLimitBn", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.costOfEquity", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixPriceChange.0", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixCostChange.0", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeFY27.0", "value": 1.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeFY27.1", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeFY27.2", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceFY27.0", "value": 0.97, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceFY27.1", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceFY27.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeGrowth.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeGrowth.1", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeGrowth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capacityFY27", "value": 1.4, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capacityGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostFY27.0", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostFY27.1", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostFY27.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostChange.0", "value": -0.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostChange.1", "value": -0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.opexRatio", "value": 0.225, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.22, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.1", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.3", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.4", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 180, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalMargin", "value": 0.12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.restrictedCashValueFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.nciValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.psuPayoutFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.refinanceFraction", "value": 0.85, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverAccessFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverRenewalFactor", "value": 0.75, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.fundingInterestRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.equityIssueDiscount", "value": 0.3, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.equityRaiseLimitBn", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.costOfEquity", "value": 0.135, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixPriceChange.0", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixCostChange.0", "value": 0.015, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeFY27.0", "value": 1.65, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeFY27.1", "value": 1.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeFY27.2", "value": 1.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceFY27.0", "value": 0.97, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceFY27.1", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceFY27.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeGrowth.0", "value": 0.23, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeGrowth.1", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeGrowth.2", "value": 0.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capacityFY27", "value": 1.8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capacityGrowth", "value": 0.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostFY27.0", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostFY27.1", "value": 0.98, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostFY27.2", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.opexRatio", "value": 0.21, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.19, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.14, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.0", "value": 1.6, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.1", "value": 1.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.2", "value": 2.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.3", "value": 2.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.4", "value": 2.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 150, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalMargin", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.13, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.restrictedCashValueFactor", "value": 0.75, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nciValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.psuPayoutFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.refinanceFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverAccessFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverRenewalFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.fundingInterestRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.equityIssueDiscount", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.equityRaiseLimitBn", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.costOfEquity", "value": 0.12000000000000001, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixPriceChange.0", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixCostChange.0", "value": 0.015, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.0", "value": 0.405, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.1", "value": 0.415, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.2", "value": 0.425, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.3", "value": 0.425, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.4", "value": 0.425, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.0", "value": 0.1782608695652174, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.1", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.2", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.3", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.4", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.0", "value": 0.9983279048204245, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.1", "value": 0.9625604515516727, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.2", "value": 0.9340951920245395, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.3", "value": 0.9261410120936745, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.4", "value": 0.9221534813547193, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeFY27.0", "value": 2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeFY27.1", "value": 1.12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeFY27.2", "value": 1.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceFY27.0", "value": 1.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceFY27.1", "value": 1.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceFY27.2", "value": 1.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeGrowth.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeGrowth.1", "value": 0.07, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeGrowth.2", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capacityFY27", "value": 2.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capacityGrowth", "value": 0.32, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostFY27.0", "value": 0.92, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostFY27.1", "value": 0.97, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostFY27.2", "value": 0.98, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostChange.0", "value": -0.07, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.opexRatio", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.22, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.13, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.0", "value": 1.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.1", "value": 2.4, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.2", "value": 2.8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.3", "value": 3.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.4", "value": 3.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalMargin", "value": 0.23, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.16, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.restrictedCashValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.nciValueFactor", "value": 1.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.psuPayoutFactor", "value": 1.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.refinanceFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverAccessFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverRenewalFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.fundingInterestRate", "value": 0.055, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.equityIssueDiscount", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.equityRaiseLimitBn", "value": 2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.costOfEquity", "value": 0.11, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixPriceChange.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixCostChange.0", "value": 0.025, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.fundingFeeRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.transitionYears", "value": 5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.equityFeeRate", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.claimCashReserveBn", "value": 0.049, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.cashAwardLiquidityReserveBn", "value": 0.0072, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.responseExpansionCuts.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.responseExpansionCuts.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.cogsSbcRatio", "value": 0.0036176973845025665, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.opexSbcRatio", "value": 0.022732828159374236, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.0", "value": 0.277273, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.1", "value": 0.242596, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.2", "value": 0.274005, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.3", "value": 0.251941, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.4", "value": 0.240404, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.0", "value": 0.002847, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.1", "value": 0.002925, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.2", "value": 0.003006, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.3", "value": 0.003088, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.4", "value": 0.003173, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.5", "value": 0.001521, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeaseRate", "value": 0.056, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.equipmentShare", "value": 0.7, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.equipmentLife", "value": 7, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.buildingLife", "value": 20, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.commissioningLagYears", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.openingCipReleaseShares.0", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.openingCipReleaseShares.1", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.depreciationCogsShare", "value": 0.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.cashToAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.amortizationCogsShare", "value": 0.39671780235462, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.seed", "value": 20260913, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.pricingSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.executionSigma", "value": 0.16, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.costSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.capexSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.waccSigma", "value": 0.005, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.workingCapitalDaysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.cycleExecutionCorrelation", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.financingSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.awardPayoutSigma", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.mixSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.capitalConversionSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.issuanceDiscountSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.equityCapacitySigma", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.annualPriceChangeSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalMarginSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.002, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalRoicSigma", "value": 0.005, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.minorityValueSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.restrictedValueSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.productMixSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.exitMultipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.0", "value": 0.007916, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.1", "value": 0.034375, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.2", "value": 0.093629, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.3", "value": 2.135625, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.4", "value": 0.985937, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.0.principalBn", "value": 1.140625, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.1.principalBn", "value": 1.08, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.2.principalBn", "value": 0.99, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.3.principalBn", "value": 0.028004, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.4.principalBn", "value": 0.004791, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.5.principalBn", "value": 0.014062, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.issuanceDiscountBn", "value": 0.035258, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.revolverCommitmentBn", "value": 0.7, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.revolverAvailableBn", "value": 0.664, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.foreignFacility.commitmentBn", "value": 0.945, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.foreignFacility.drawnAt20260814Bn", "value": 0, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.foreignFacility.baselineUseBn", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Reported operating anchors", "classification": "Reported", "source": "fy26-release", "treatment": "FY26 segment revenue and financial statements. Q4 segment revenue is the run-rate anchor; year-over-year Industrial comparisons include divestitures."}, {"input": "FY27 Q1 outlook", "classification": "Management guidance-commentary", "source": "fy26-release", "treatment": "Revenue range and non-GAAP margin/opex outlook are displayed separately. They are not annual forecasts or GAAP assumptions."}, {"input": "High-speed optics allocation and costs", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Allocate 65% of Q4 Datacenter & Communications to high-speed optics. Other D&C is residual; no separate CPO revenue uplift. Cost weights normalize to reported Q4 consolidated gross margin; 25% fixed and 75% volume-linked costs."}, {"input": "Volume, pricing, capacity and unit cost paths", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Scenario indexes refer to annualized Q4. High-speed delivered volume is capped by annual manufacturing bounds. Annual price erosion and cost improvements are distinct; forecast margins are outputs."}, {"input": "Cash conversion, opex, D&A, tax and capex", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Separate FY26 $0.2803bn acquired-intangible amortization from total $0.521895bn D&A. Forecast amortization uses Note 6 schedule; physical assets have capped remaining bases, 70% equipment/7 years and 30% buildings/20 years, a one-year commissioning lag, and opening CIP released 50/50 over FY27/28. Cost allocation follows reported COGS amortization share and estimated 90% factory-depreciation share. Cash capex remains scenario-driven; SBC is retained as an economic cost."}, {"input": "Equity claims", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "June 30 common shares 212.615894m issued less 16.863102m treasury = 195.752792m, aligned to June awards. Reported August count 195.832246m is a cross-check. RSUs, scenario PSU payouts, option premium and cash-settled awards remain separate. Debt principal, finance leases and pension deficit are distinct claims. No additional quarterly share proxy."}, {"input": "Completed NVIDIA issuance", "classification": "Reported", "source": "nvidia-8k", "treatment": "7.788161m common shares and $2bn gross proceeds were issued in March. Already reflected in June balances; partnership optionality earns no separate valuation premium."}, {"input": "Restricted cash and minority interests", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Restricted cash is excluded from parent liquidity. Equity bridge values it at 0/50/75/100% of $606.4m and subtracts 1/1/1/1.25x reported NCI book value. Both treatments are proxies, not subsidiary fair-value appraisals."}, {"input": "Discount rate, terminal economics and exit multiple", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Five operating years plus five transition years. Revenue growth, EBIT margin and net reinvestment converge gradually; terminal capex less physical depreciation plus incremental NWC equals NOPAT × g / ROIC. Acquired amortization is excluded from recurring replacement capital. Terminal FCFF matches the final transition economics; no sudden capex release at FY31. Primary terminal value uses FY2036 recurring EBIT (EBIT plus finite acquired-intangible amortization, with SBC retained as an expense) at 8/12/20/25x in Failure/Bear/Base/Bull, discounted to opening FY27. These DR estimates reflect stressed, slower-growth, durable-growth and stronger-growth outcomes; they are not management guidance. Perpetuity FCFF is a separate unblended cross-check. Monte Carlo exit multiples have 15% log dispersion correlated with the operating cycle."}, {"input": "Monte Carlo", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "20,000 seeded draws use the same operating, assets, financing and shareholder-value engine. Correlated price, execution, costs, working capital, credit access and award payouts; estimates also stress high-speed mix, issuance discounts and capital conversion. Paths with negative cash after the bounded operating response have zero common-equity recovery."}, {"input": "Debt maturities and credit commitments", "classification": "Reported", "source": "fy26-10k", "treatment": "Repayment schedule and instrument principal come from Note 8. June revolver availability is $664m, below $700m commitment. The $945m August facility was undrawn at August 14 and restricted to the subsidiary borrower’s permitted uses; excluded from parent funding."}, {"input": "Refinancing and available credit usage", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Refinance 0/85/100/100% of annual principal maturities above $0.5bn. Pay smaller amortization from cash. Revolver access is 0/50/100/100% of reported availability; renewal beyond FY2030 at 0/75/100/100% of scenario availability. Fees 2%; annual interest 10/8/6/5.5%. Draw only to replenish the $0.5bn reserve. New financing is not a commitment or equity-value addition. Fee PV reduces value; principal is not subtracted twice from FCFF valuation."}, {"input": "Share award payout and cash-settled awards", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "PSUs at 0/50/100/150% of reported units are DR outcomes, not verified contractual payout limits. No future grants added to shares while forecast SBC remains an economic cost. Cash SAR intrinsic value and cash RSUs are deducted dynamically; ordinary options add premium dilution only."}, {"input": "Product roadmap and manufacturing capacity", "classification": "Management guidance-commentary", "source": "technology-briefing", "treatment": "InP production doubling in calendar 2026 and 2027 supports capacity expansion directionally. Wafer/device capacity is not delivered transceiver revenue. Qualification, assembly and mix remain analyst estimates."}, {"input": "Residual common equity and distress", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Raise residual cash needs after debt at a scenario discount with 3% issuance fees and per-year availability limits. The equity-value bridge charges discounted issuance fees and below-fair-value transfer only; FCFF already includes operating deficits, so principal funding is not deducted twice. If cash remains negative after the bounded operating response, common value is zero; reserve breaches alone do not imply zero recovery. Annual equivalent share issuance is disclosed separately."}, {"input": "Leases and pensions", "classification": "Reported / Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Finance lease PV $14.233m is debt-like; payments use Note 9. Operating leases remain operating costs and are not subtracted again. $49m combined underfunded pensions are reserved against opening deployable cash and deducted once from equity value; no additional deficit payment in FCFF."}, {"input": "Evidence bands and scenario probabilities", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "10/25/45/20% scenario priors are judgment-based. Comparable product price changes and capacity execution are uncertain. The Base FY27 annual revenue is explicitly compared with the Q1 guidance midpoint; FY28 onward is not management guidance."}, {"input": "Discount-rate and equity-funding assumptions", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "WACC 13/11.5/10/9%, cost of equity WACC + 2pp, terminal ROIC 8/10/13/16%; sensitivity ranges are disclosed instead of claiming a reported beta or capital-cost forecast. Equity discounts 50/30/15/10%, per-year raise limits 0/0.5/1/2bn and 3% fees. $7.2m reserve protects cash-award settlement liquidity only; equity claims remain dynamic and are not deducted again."}, {"input": "Scenario estimate ranges", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "High-speed allocation 50–80% stress range around 65%; annual comparable-product price erosion 3–9% around 6%, before separately estimated product mix; capital spending ±20%; inventory days ±30; WACC 8–14%; minority value 0.5–2x book. These are sensitivity ranges, not confidence intervals or management targets."}, {"input": "Product mix and funding response", "classification": "Dilikoğlu Research estimate", "source": "technology-briefing", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -2.56% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability."}, {"input": "Ordinary Bear versus Failure", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Bear represents slower demand and weaker manufacturing efficiency, not simultaneous product-price collapse and a credit freeze. FY27 high-speed volume stays 1.2x versus Base 1.65x; price 0.97x and annual mix match Base, while unit cost remains 0.99x versus Base 0.95x. Slower expansion uses 10% revenue capex with $1.1/1/1/1/1bn floors. Large maturities refinance 85%, versus Base 100%; 50% revolver access is retained with 75% renewal of that reduced limit. These are DR scenario definitions, not financing commitments. Failure retains operating and credit stress. Priors and valuation discount rates are unchanged."}, {"input": "Manufacturing productivity reassessment", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -4.59% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. Base comparable high-speed cost improves 6% per year and Bull 7%; other D&C improves 3%. These DR assumptions recognize yield, process and scale improvements; Failure/Bear retain 4% high-speed cost improvement. Terminal recurring EBIT targets are 20% Base / 23% Bull, capped by achieved FY31 performance. The 2025 non-GAAP objectives (>42% gross margin, 18% opex and >24% operating margin) are contextual targets, not substituted for modeled margins. SBC stays expensed and finite amortization is modeled separately."}, {"input": "Transition growth after expansion cancellation", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free."}, {"input": "Base guidance-aligned margin bridge", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 non-GAAP gross-margin planning anchor is the Q1 guidance midpoint 40.5%; DR extensions are 41.5% FY28 and 42.5% FY29–31, meeting the dated >42% objective. Non-GAAP opex scales from Q1 midpoint $0.410bn / $2.3bn revenue to the 18% long-term objective. Reported Q4 COGS SBC $7.4m and opex SBC $46.5m establish separate revenue ratios retained as economic costs. Forecast acquired amortization is deducted separately. Implied cash-cost efficiency factors reconcile the product model to those Base planning margins and stay fixed in Monte Carlo, so price/cost shocks still change margins. This is a DR annual extrapolation and operating-efficiency requirement, not additional company guidance."}, {"input": "Base tax planning rate", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "19% cash tax planning rate uses the midpoint of Q1 non-GAAP tax guidance of 18–20%; applying it across future taxable operating profits is a DR extrapolation, not long-term company guidance."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/COHR"}, "model_note": "Reviewed DR scenario baseline at opening FY27; information reviewed through September 13. Product economics, financing terms and recovery outcomes remain estimates. Source review and sensitivity ranges are disclosed. No recommendation assigned.", "limitations": ["Product-level price, cost, mix and physical capacity are DR estimates; scenario uncertainty is not eliminated by publication.", "Valuation is at June 30/opening FY27 with a September 13 information cutoff. Common shares and awards use the same June date; subsequent ordinary-share count is disclosed as a cross-check.", "NCI uses a disclosed book-value multiple proxy; the subsidiary’s fair value is not separately reported. Restricted cash is excluded from parent funding.", "Annual funding approximates intra-year cash needs. A springing-maturity stress advances major refinancing by one year; this is not a daily legal covenant test.", "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free.", "Asset commissioning, useful lives and cash-to-asset conversion are estimated. Acquired-intangible amortization follows the disclosed schedule separately.", "No recommendation is assigned. Portfolio Analytics has separately disclosed dated price and DR evidence inputs."], "links": {"coverage": "https://dilikogluresearch.com/coverage/cohr", "model": "https://dilikogluresearch.com/cohr_model", "native_model": "https://dilikogluresearch.com/api/model/COHR", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=COHR"}, "model_version": "a428a44f4b72095775d6554ff8138595b78babf24f2f446c848077fb282bc7a9"}}, {"id": "409ce252812cd4fae7e8ee890f82c27d2af833223aff3d07a6b931d7528fb3ea", "ticker": "HUT", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-13", "model_version": "cd8014c110842996dcdf85d7f9c9a3caa3ca27f2c8ea9b962cfa0e2cab4924ca", "research_version": "83dee4c2b8fd8d48e1b9fd6c4c8330ee9c814f1feb1d2b17869a260ba77eb333", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "HUT", "company": "Hut 8", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 93.55, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": 1, "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 90.34625009385695, "probability_weighted": 84.0822435327544, "scenarios": {"failure": {"fair_value": 7.225457506976737, "probability": 0.1}, "bear": {"fair_value": 39.723245777030854, "probability": 0.25}, "base": {"fair_value": 90.34625009385695, "probability": 0.45}, "bull": {"fair_value": 163.8653689778169, "probability": 0.2}}, "monte_carlo_median": 79.1092897495608, "method": "Project NAV + risked pipeline option"}, "thesis": {"pillars": ["Long-duration contracted leases anchor the infrastructure valuation.", "Non-recourse project financing can improve capital efficiency while leaving construction and delivery obligations.", "The next source of value is repeat conversion of early-stage power positions into signed, financeable projects."], "variant": "A high-quality infrastructure platform need not be an undervalued stock. Pipeline success must be tested against the market-implied development requirement and the full equity-compensation burden.", "risks": ["Early-stage power positions may fail to convert into contracted projects.", "Open financing terms must not be treated as executed commitments.", "Compensation, project cash restrictions and corporate costs reduce common-equity value."], "summary": "Hut 8’s contracted infrastructure and project-financing model provide a foundation for further development. Additional value depends on converting its power pipeline into signed projects at returns that justify the funding and compensation burden."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.hut8.com/news-insights/press-releases/hut-8-reports-second-quarter-2026-results", "title": "Hut 8 Q2 2026 results", "date": "2026-08-04", "category": "Company Materials", "supports": "Hut 8 Q2 2026 results", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm", "title": "Hut 8 10-Q", "date": null, "category": "Company Filings", "supports": "Hut 8 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-signs-15-year-245-mw-ai-data-center-lease-at-river-bend-campus-with-total-contract-value", "title": "River Bend lease", "date": "2025-12-17", "category": "Company Materials", "supports": "River Bend lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd3-25-billion-of-investment-grade-senior-secured-notes-in-landmark-financing", "title": "River Bend financing", "date": "2026-04-30", "category": "Financing / Counterparty Sources", "supports": "River Bend financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw", "title": "Beacon P1 lease", "date": "2026-05-06", "category": "Company Materials", "supports": "Beacon P1 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd4-25-billion-of-investment-grade-senior-secured-notes-for-beacon-point-data", "title": "Beacon P1 financing", "date": "2026-06-09", "category": "Financing / Counterparty Sources", "supports": "Beacon P1 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-fully-commercializes-1-gw-beacon-point-ai-data-center-campus-with-second-352-mw-it-lease", "title": "Beacon P2 lease", "date": "2026-07-20", "category": "Company Materials", "supports": "Beacon P2 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-affirms-commitment-to-responsible-data-center-development-following-directive-from-texas", "title": "Hut 8 Texas response", "date": "2026-08-10", "category": "Company Materials", "supports": "Hut 8 Texas response", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "65acbe181a338d47377ac4d0bdda4b7398bd5e2a22c09077916617e1528e9b67"}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/HUT"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/hut", "model": "https://dilikogluresearch.com/hut_model", "native_model": "https://dilikogluresearch.com/api/model/HUT", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=HUT"}, "model_version": "cd8014c110842996dcdf85d7f9c9a3caa3ca27f2c8ea9b962cfa0e2cab4924ca"}}, {"id": "594e55f8519dfccb43e9ccc90a70f700628dd9bdecab33ab2bdcdca4332afdc6", "ticker": "NBIS", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-13", "model_version": "fe467e601d3aa0438930b18deb8a34bbc0133706d11b0e27bad4ebca375c8a5b", "research_version": "d70fcc73ac14bbb7ab7a8fc991d34119baab098139b4a1bb5575486cbe0c39ac", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "NBIS", "company": "Nebius Group", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": "2027-12-31", "reference_price": {"value": 220.77, "date": "2026-09-04 (inherited frozen reference; not a live quote)", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "legacy_baseline", "model_rating": null, "latest_report": {"slug": "nbis-initiation-2026-09-20", "title": "Nebius Group — Initiation of Coverage", "publication_date": "2026-09-20", "rating": "BUY · High risk", "price_target": "$265 USD · 12–18 months", "reference_price": 223.54, "reference_date": "2026-09-18", "target_price": 265, "target_basis": "Base intrinsic value of $265.43, rounded to the nearest $5.", "implied_upside": null, "abstract": "We initiate NBIS with a BUY · High risk recommendation and a $265 target, based on $265.43 Base intrinsic value. This implies 18.5% upside to the 18 September 2026 closing reference of $223.54. Probability-weighted value remains $215.89 and the Monte Carlo median is $187.76; the report retains the model’s financing and source-verification limitations.", "url": "https://dilikogluresearch.com/reports/nbis-initiation-2026-09-20"}, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 265.43228458210046, "probability_weighted": 215.8900101739098, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 44.24452355359033, "probability": 0.3}, "base": {"fair_value": 265.43228458210046, "probability": 0.45}, "bull": {"fair_value": 554.4808336392498, "probability": 0.15}}, "monte_carlo_median": 187.7645213229158, "method": "AI Cloud EV/YE27 ARR + non-core SOTP − economic net debt"}, "thesis": {"pillars": ["The re-underwrite separates legacy customers from new commercial cohorts, making contract pricing and deployment the key revenue drivers.", "Customer prepayments support construction cash flow, but prepaid revenue release offsets new receipts in deferred revenue.", "Asset-backed financing can reduce common-equity issuance; the residual share count depends on debt availability and issuance economics."], "variant": "Exit ARR is distinct from annual recognized revenue. The investment case depends on commissioning throughout the year and funding that build without counting prepayments twice or subtracting debt alongside full conversion shares.", "risks": ["New-cohort pricing or deployment may fall below the underwriting bands.", "Customer cancellation, default or refund demands could weaken the funding bridge.", "Secured financing may not repeat at the assumed scale, increasing distressed dilution."], "summary": "Nebius’s growth case depends on commissioning new commercial capacity at attractive contract pricing. Customer prepayments and secured financing must fund that expansion without overstating cash generation or understating dilution."}, "governance": {"bands": [{"driver": "2027 new commercial MW", "failure": "<650", "bear": "650–<1,050", "base": "1,050–1,350", "bull": ">1,350"}, {"driver": "Comparable new-contract ARR/MW ($m)", "failure": "<12", "bear": "12–<17", "base": "17–23", "bull": ">23"}, {"driver": "AI Cloud EBITDA margin", "failure": "<25%", "bear": "25–<40%", "base": "40–52%", "bull": ">52%"}, {"driver": "New-deal payback (years)", "failure": ">3.5", "bear": ">2.5–3.5", "base": "1.5–2.5", "bull": "<1.5"}], "falsifiers": ["Persistent new-cohort ARR/MW below ~$12–15m", "2027 deployment materially below ~700MW", "Scaled AI Cloud EBITDA margin below ~30%", "Common equity exceeds 50% of incremental build cash funding", "New-deal payback exceeds 3.5 years", "Material customer cancellation, default or refund", "Inability to repeat asset-backed financing", "Repeated distressed dilution"], "catalysts": ["Palantir partnership: watchlist only; zero valuation uplift absent disclosed economics.", "Quarterly commissioning and comparable new-contract pricing", "Repeat secured financing and customer-prepayment conversion"], "note": "Bands are evidence diagnostics, not automatic probability assignments. Payback includes prepayment/contract cash timing and must not be inferred from gross capital divided by EBITDA alone."}, "sources": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual intermediate accretion table not transcribed"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "User-supplied NBIS re-underwrite, 2026-09-13, requirements 1–18", "note": "Scenario centers and governance. Prior thread reader and original workbook unavailable. Forecast inputs are estimates, not company commitments.", "status": "Authorized underwriting instructions"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "Local implementation assumptions, 2026-09-13", "note": "Non-Base cash bridge, commissioning shares, issue prices, accretion interpolation and MC factor dispersions complete unspecified inputs. Independently review before publication.", "status": "New explicit assumptions"}, {"id": "share-awards", "classification": "Reported", "url": null, "locator": "Supplied underwriting requirement 9; Q2 award tables not independently retrieved", "note": "21.066m NVIDIA pre-funded warrants, 6.234m RSUs, 6.741m options at $88.65.", "status": "Supplied reported inputs; primary table verification pending"}, {"id": "gaap-debt", "classification": "Reported", "url": null, "locator": "Prior audit excerpt, June 30 2026", "note": "$10.042bn accreted principal versus $8.499bn GAAP carrying value. Aggregate only, predates August exchanges/new notes. No fabricated tranche allocation.", "status": "Supplied reported aggregate; primary table verification pending"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "1d4ecf60331d4a2c0c782e112bb86336f6e21353e3e58ecd138d1e468bf21740", "engine_sha256": "0e611c6d271c735d82d6c3684d9aebbb9df7ab8f9b9203f129ff5ee7ecc866b8", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "native_inputs_url": "https://dilikogluresearch.com/api/model/NBIS"}, "model_note": "Commercial MW and legacy/new-cohort ARR; quarterly revenue; deferred-revenue CFO; residual equity; original-principal conversion premium. Forecasts are Dilikoğlu Research estimates.", "limitations": ["Original source-of-truth workbook and full prior conversation were not accessible; this repository now has canonical code and a generated workbook export.", "Contractual intermediate accretion schedules, award tables and June GAAP tranche carrying values still require primary-source completion.", "Private non-core valuations lack a verified round-to-stake ownership bridge.", "Non-Base funding and commissioning extensions, future financing fees/amortization and quarterly financing availability require analyst review. Corporate funding is modeled as debt at par because future convert terms do not exist.", "All-in capital commentary transcript not independently located; $50m/MW remains a DR estimate.", "Existing IREN dashboard has its own frozen economics; NBIS-specific evidence supersedes the legacy shared pricing/probability text."], "links": {"coverage": "https://dilikogluresearch.com/coverage/nbis", "model": "https://dilikogluresearch.com/nbis_model", "native_model": "https://dilikogluresearch.com/api/model/NBIS", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=NBIS"}, "model_version": "fe467e601d3aa0438930b18deb8a34bbc0133706d11b0e27bad4ebca375c8a5b"}}, {"id": "67ed92c1baf738f6c1593aef46b134f360addeb7be1028508e4eedcd0240072f", "ticker": "IREN", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-13", "model_version": "962cac2a969d475f3a2c7b25228540c4124874fa4595999dec49fd3c49e39eaa", "research_version": "6acb4d00e9af5e5e88bee37ad7fbb81537f66f02be12bccbb8fcbca3529fe5b4", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "IREN", "company": "IREN Limited", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 44.67, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "legacy_baseline", "model_rating": null, "latest_report": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": null, "reference_date": null, "target_price": null, "target_basis": null, "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13"}, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 111.22492066760168, "probability_weighted": 98.90941702234045, "scenarios": {"failure": {"fair_value": 6.081111522341276, "probability": 0.1}, "bear": {"fair_value": 43.029821067614165, "probability": 0.25}, "base": {"fair_value": 111.22492066760168, "probability": 0.45}, "bull": {"fair_value": 187.46318151391011, "probability": 0.2}}, "monte_carlo_median": 95.4570649164615, "method": "EV/ARR + residual power value"}, "thesis": {"pillars": ["Owned power and data-center infrastructure can support financing capacity and residual value beyond the GPU fleet.", "New-cohort AI-cloud pricing must be supported by customer economics; secured power alone does not justify a higher ARR/MW assumption.", "Customer prepayments and project financing can reduce residual common-equity needs, provided commissioning and cash timing align."], "variant": "The underwriting separates the value of delivered AI-cloud economics from owned infrastructure and secured-power optionality. Capacity that has not become a financeable project does not earn the same treatment as operating capacity.", "risks": ["Contract conversion and commissioning may lag the deployment schedule.", "Capital intensity and funding costs may absorb operating gains.", "Options, RSUs, convertible claims and future funding dilute common-share value."], "summary": "IREN’s opportunity is to turn owned power and data-center infrastructure into profitable AI-cloud capacity. Per-share value depends on contract economics, timely deployment and project funding that limits common-equity dilution."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "2ff34739e5c8b7db0ae0ef8d0520e4a7e75fc8d9c9d25bcb3c7442ce1b205d61"}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/IREN"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/iren", "model": "https://dilikogluresearch.com/iren_model", "native_model": "https://dilikogluresearch.com/api/model/IREN", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=IREN"}, "model_version": "962cac2a969d475f3a2c7b25228540c4124874fa4595999dec49fd3c49e39eaa"}}, {"id": "850e11fc1db2ae4df938f8a738e4e91a1e2eed21243e4258ffb6d3049bd63449", "ticker": "CIFR", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-13", "model_version": "bd56dedae9b509553202b6ba169db14fdc12db8fa0556b6263d69a06421c5649", "research_version": "d3b82466dc394f31b3c7d6d446b68dd3d7595d158034a92fa84e69d0cb86d8a6", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "CIFR", "company": "Cipher Mining", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 17.74, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "legacy_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 22.28325099556435, "probability_weighted": 20.791005782122816, "scenarios": {"failure": {"fair_value": 0.6227908477196142, "probability": 0.1}, "bear": {"fair_value": 7.39949900410001, "probability": 0.25}, "base": {"fair_value": 22.28325099556435, "probability": 0.45}, "bull": {"fair_value": 44.25694499160946, "probability": 0.2}}, "monte_carlo_median": 18.327755489869983, "method": "Contract DCF + risked pipeline NAV"}, "thesis": {"pillars": ["Contracted HPC leases are valued through lease cash flow and NOI rather than neocloud ARR multiples.", "Uncontracted power and sites receive readiness-weighted development value, with delivery and financing gates.", "Project debt reduces the external equity requirement but does not remove residual funding and dilution."], "variant": "The key comparison is contracted lease value plus risked development NAV, after capital requirements. NOI per MW is not directly comparable with GPU-cloud ARR per MW.", "risks": ["Pipeline conversion may fall short of risked capacity assumptions.", "Development cost and project-debt terms may worsen.", "Warrants, converts and residual financing can dilute project-level gains."], "summary": "Cipher’s investment case rests on contracted HPC lease cash flows and the conversion of development sites into financeable projects. Construction costs, financing terms and dilution determine how much project value reaches each share."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/q226_earningsxprxdraftxvf.htm", "title": "Q2 2026 results / balance sheet", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 results / balance sheet", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 investor presentation", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000041/cifr-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_ex9901.htm", "title": "Barber Lake initial lease", "date": "2025-09-25", "category": "Company Filings", "supports": "Barber Lake initial lease", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9901.htm", "title": "Barber Lake expansion", "date": "2025-11-20", "category": "Company Filings", "supports": "Barber Lake expansion", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm", "title": "Black Pearl AWS lease / financing", "date": "2026-02-24", "category": "Financing / Counterparty Sources", "supports": "Black Pearl AWS lease / financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326001480/dp240991_ex9901.htm", "title": "Black Pearl financing", "date": "2026-02-03", "category": "Financing / Counterparty Sources", "supports": "Black Pearl financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326008635/dp248110_ex9901.htm", "title": "Stingray AWS lease / financing", "date": "2026-06-08", "category": "Financing / Counterparty Sources", "supports": "Stingray AWS lease / financing", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "3b8ba4054131308c8a70ab83df2ecb5890d30b44498e174b022131c58ad3b0da"}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/CIFR"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/cifr", "model": "https://dilikogluresearch.com/cifr_model", "native_model": "https://dilikogluresearch.com/api/model/CIFR", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=CIFR"}, "model_version": "bd56dedae9b509553202b6ba169db14fdc12db8fa0556b6263d69a06421c5649"}}, {"id": "a07a37e37ca1c48ed39afe5c57ce1ed8baf86739180b8353482f754311d11759", "ticker": "AMD", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-14", "model_version": "7f8fcab6d4519e7c6338875e34471b19a711404ce6a6765470842ee7b841f387", "research_version": "08ca381cb1d41f019d666f0cd18cb2eaef7e7092d9b0b96a5b0cfeb0bfaa020e", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "AMD", "company": "Advanced Micro Devices", "currency": "USD", "model_as_of": "2026-09-14", "valuation_date": "2026-06-27", "valuation_horizon": null, "reference_price": {"value": 516.13, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 524.7618521258253, "probability_weighted": 514.3351601541506, "scenarios": {"failure": {"fair_value": 14.329174500783804, "probability": 0.1}, "bear": {"fair_value": 117.44440532274285, "probability": 0.25}, "base": {"fair_value": 524.7618521258253, "probability": 0.45}, "bull": {"fair_value": 1236.9915395838257, "probability": 0.2}}, "monte_carlo_median": 421.34862112569874, "method": "H2 2026–FY2035 FCFF DCF; conditional warrants; exit EV/EBIT cross-check"}, "thesis": {"summary": "AMD’s opportunity combines Instinct accelerator adoption with EPYC and client processor growth. The model tests management’s growth ambitions against operating investment, cash conversion and customer-warrant dilution.", "pillars": ["Instinct and EPYC estimates reconcile to reported Data Center revenue.", "Operating leverage is anchored to quarterly guidance and long-term targets, with SBC retained as an economic cost.", "Cash commitments and conditional warrants determine the value captured by existing shareholders."], "risks": ["Helios qualification and customer deployment may lag expectations.", "Pricing, R&D and supply-chain investment can absorb revenue growth.", "Customer warrants dilute successful outcomes; exact milestone schedules are partly redacted."], "variant": "Strong AI demand does not remove the need to underwrite product delivery, cash conversion and conditional dilution."}, "governance": [{"signal": "Revenue execution", "trigger": "Two quarters below issued guidance range", "action": "Reassess delivery and market share; increase Bear probability."}, {"signal": "Instinct ramp", "trigger": "MI450/Helios deliveries or major customer deployment materially slip", "action": "Reduce GPU growth and related warrant vesting together."}, {"signal": "Margin durability", "trigger": "Non-GAAP operating leverage fails to approach long-term 35% target", "action": "Review mix, price and R&D burden; retain SBC in economic profit."}, {"signal": "Cash conversion", "trigger": "Receivable days above 90 or persistent excess inventory", "action": "Stress working capital, impairments and guarantees."}, {"signal": "Claims and leases", "trigger": "Warrants vest, lease guarantees are called, or new material commitments appear", "action": "Update security ledger and cash schedule from filings."}, {"signal": "Competition", "trigger": "Sustained loss of EPYC momentum or accelerator qualification", "action": "Reassess growth and terminal returns."}], "sources": {"model_sources": [{"id": "q2-10q", "title": "Q2 2026 Form 10-Q", "date": "2026-08-05", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm"}, {"id": "q2-results", "title": "Q2 results and Q3 outlook slides", "date": "2026-08-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm"}, {"id": "fy25-10k", "title": "2025 Form 10-K", "date": "2026-02-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm"}, {"id": "analyst-day", "title": "2025 Financial Analyst Day targets", "date": "2025-11-11", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth"}, {"id": "openai-warrant", "title": "OpenAI warrant and purchase milestones", "date": "2025-10-06", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm"}, {"id": "meta-warrant", "title": "Meta warrant and purchase milestones", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm"}, {"id": "warrant-exhibit", "title": "Meta warrant: redacted milestone schedules", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm"}], "public_evidence": [{"category": "Company Filings", "title": "Q2 2026 Form 10-Q", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "date": "2026-08-05", "source_type": "Primary company disclosure", "supports": "Q2 2026 Form 10-Q"}, {"category": "Company Filings", "title": "Q2 results and Q3 outlook slides", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Q2 results and Q3 outlook slides"}, {"category": "Company Filings", "title": "2025 Form 10-K", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "date": "2026-02-04", "source_type": "Primary company disclosure", "supports": "2025 Form 10-K"}, {"category": "Company Materials", "title": "2025 Financial Analyst Day targets", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "date": "2025-11-11", "source_type": "Primary company disclosure", "supports": "2025 Financial Analyst Day targets"}, {"category": "Company Filings", "title": "OpenAI warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "date": "2025-10-06", "source_type": "Primary company disclosure", "supports": "OpenAI warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant: redacted milestone schedules", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant: redacted milestone schedules"}], "lineage": [{"input": "Financial anchors", "classification": "Reported", "treatment": "USD and share amounts converted to billions. Q2 segment revenues and H1 cash flow reconcile to filings; short-term securities are separate from long-term equities.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 midpoint and non-GAAP margin/opex anchor Base. Normalized tax guidance is not a guarantee of GAAP tax.", "source": "q2-results"}, {"input": "Long-range targets", "classification": "Management guidance-commentary", "treatment": "Analyst Day targets cover three to five years from November 2025. They are aspirations with execution risk, not an annual guarantee; model comparison uses FY2025 to FY2030.", "source": "analyst-day"}, {"input": "Operating forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "Five product cohorts sum to reported segment totals. H2 mix starts with the estimated Q2 split. 2027–2030 GPU and CPU growth are explicit annual paths from annualized H2; others compound at scenario rates. For 2031–2035, growth = 2030 product growth × (1 − transition step/5) + terminal growth × transition step/5. Base GPU growth therefore slows from 50% in 2030 to 40.6%, 31.2%, 21.8%, 12.4% and 3.0%. This is a DR competitive-normalization path, not a management commitment.", "source": "analyst-day"}, {"input": "Cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Receivables, inventory, payables and residual operating assets/accruals roll forward. Loan, restricted cash and investments are excluded from operating assets; capex payable is excluded from operating liabilities and paid separately once. Commitments are allocated between procurement and service expense floors, without double counting normal costs. Uncommenced leases have estimated deployment schedules and excess capacity loss exposure.", "source": "q2-10q"}, {"input": "Employee awards and customer warrants", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution, remaining expense is added back once; future SBC remains a cost. Customer warrant eligibility uses estimated customer revenue converted to GW through expiry and a smooth price-hurdle proxy. Price and dilution are solved jointly. No duplicate warrant fair-value deduction.", "source": "warrant-exhibit"}, {"input": "Capital and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Reported finite amortization is allocated through 2035; physical depreciation uses four/five-year remaining/new asset lives. Terminal cash flow removes expired amortization and finances growth at stated ROIC. WACC/perpetuity DCF is primary; discounted EV/EBIT is an unblended cross-check.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "Shared demand/execution shocks drive revenue, margin, capex, collection days, warrant delivery, investments and discount rates. 20,000 seeded draws use the deterministic engine.", "source": "analyst-day"}, {"input": "Liquidity and revolver", "classification": "Dilikoğlu Research estimate", "treatment": "Reported $5bn undrawn revolving facility is separate from cash and the $5.5bn commercial-paper program. Scenario-accessible revolver capacity is 50% / 75% / 100% / 100%; draws cover the operating reserve where possible, incur a 0.5% draw fee and interest, and repay from surplus cash or by estimated May 2031 maturity. Rates are 10% / 8% / 6.5% / 6%. No double counting of commercial-paper capacity or automatic renewal. Facility principal and interest affect the cash schedule; draw fees reduce FCFF. WACC captures debt financing in enterprise value, so future draws are not a second opening net-debt deduction.", "source": "q2-10q"}], "model_provenance": {"command": "node scripts/build_amd.cjs", "input_sha256": "7517d325e741aa0f1d54f14e02a89f83cfe07956f765083e93549e6dbdffb461"}}, "estimates": {"items": [{"path": "actual.q2Revenue", "value": 11.536, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.0", "value": 6.718, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.1", "value": 3.062, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.2", "value": 0.779, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.3", "value": 0.977, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2GrossProfit", "value": 6.203, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Opex", "value": 4.213, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Ebit", "value": 1.99, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2NonGaapGrossProfit", "value": 6.488, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2NonGaapOpex", "value": 3.394, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Sbc", "value": 0.503, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2SbcCogs", "value": 0.008, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2AmortCogs", "value": 0.26, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2AmortOpex", "value": 0.284, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2OtherCogs", "value": 0.017, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2OtherOpex", "value": 0.04, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Revenue", "value": 21.789, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Cfo", "value": 5.321, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Capex", "value": 1.197, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Depreciation", "value": 0.427, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Sbc", "value": 0.99, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cash", "value": 5.086, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtSecurities", "value": 8.025, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.receivables", "value": 7.281, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.inventory", "value": 8.468, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.payables", "value": 5.359, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.prepaidAssets", "value": 2.662, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.restrictedCash", "value": 0.011, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.loanReceivable", "value": 0.1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ppe", "value": 3.439, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.otherAssets", "value": 7.904, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.marketableEquity", "value": 1.2, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.privateEquity", "value": 1.7, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.equityMethod", "value": 0.302, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.customerLiabilities", "value": 1.359, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.marketingAccruals", "value": 1.579, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.payrollAccruals", "value": 1.462, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.otherAccruals", "value": 1.146, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.otherCurrentLiabilities", "value": 0.301, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.uncertainTaxLiabilities", "value": 0.873, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.capexPayable", "value": 0.421, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtPrincipal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtCarrying", "value": 3.226, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ordinaryShares", "value": 1.632475042, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.intangibles", "value": 15.635, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 1.062, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 2.042, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 1.929, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 1.697, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 1.457, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 7.448, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.0", "value": 17.386, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.1", "value": 5.474, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.2", "value": 2.851, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.3", "value": 2.528, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.4", "value": 1.471, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.5", "value": 0.566, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.uncommencedLeases", "value": 4.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.subsequentLeases", "value": 9.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.guaranteeExposure", "value": 4.1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.revolverCapacity", "value": 5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commercialPaperCapacity", "value": 5.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Revenue", "value": 34.639, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25DataCenter", "value": 16.635, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Rsus", "value": 0.033, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Prsus", "value": 0.002, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Options", "value": 0.002, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25OptionStrike", "value": 117.6, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25UnrecognizedRsus", "value": 3.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25UnrecognizedPrsus", "value": 0.232, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25UnrecognizedOptions", "value": 0.051, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.netIncome", "value": 3.68, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.discontinued", "value": -0.003, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.da", "value": 0.427, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.amortization", "value": 1.095, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.sbc", "value": 0.99, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.investmentGains", "value": -0.549, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.deferredTax", "value": -0.106, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.other", "value": 0.061, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.receivables", "value": -0.966, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.inventory", "value": -0.548, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.prepaids", "value": -0.991, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.payables", "value": 2.17, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.accruals", "value": 0.061, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.0.principal", "value": 0.875, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.0.coupon", "value": 0.04212, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.0.time", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.1.principal", "value": 0.625, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.1.coupon", "value": 0.04319, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.1.time", "value": 1.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.2.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.2.coupon", "value": 0.02375, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.2.time", "value": 3.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.3.principal", "value": 0.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.3.coupon", "value": 0.03924, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.3.time", "value": 5.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.4.principal", "value": 0.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.4.coupon", "value": 0.04393, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.4.time", "value": 25.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.maximumShares", "value": 0.16, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.strike", "value": 0.01, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.firstDeliveryGw", "value": 1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.fullDeliveryGw", "value": 6, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.finalPriceThreshold", "value": 600, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.maximumShares", "value": 0.16, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.strike", "value": 0.01, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.firstDeliveryGw", "value": 1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.fullDeliveryGw", "value": 6, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.finalPriceThreshold", "value": 600, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3Revenue", "value": 13, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3RevenueRange", "value": 0.3, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3NonGaapGrossMargin", "value": 0.56, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3NonGaapOpex", "value": 3.65, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3NonGaapOtherIncome", "value": 0.055, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3TaxRate", "value": 0.13, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3DilutedShares", "value": 1.66, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermRevenueCagrFloor", "value": 0.35, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermDcCagrFloor", "value": 0.6, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermAiCagrFloor", "value": 0.8, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermOtherCagrFloor", "value": 0.1, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapOpMarginFloor", "value": 0.35, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapEpsFloor", "value": 20, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.q2AiRevenue", "value": 3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.fy25AiRevenue", "value": 6.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.reserve", "value": 3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.q4OpexGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.otherAssetOperatingFraction", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.otherAccrualOperatingFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.investmentTaxHaircut", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.estimatedRsus", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.estimatedOptions", "value": 0.002, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.optionStrike", "value": 117.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.remainingExistingSbc", "value": 3.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.existingAwardYears", "value": 2.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.amortizationOpexFraction", "value": 0.5220588235294117, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.componentShareOfCashCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.depreciationCogsFraction", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.commitmentSupplyShare", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.leaseYears", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.subsequentLeaseYears", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.guaranteePaymentTime", "value": 3.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantRevenuePerGw", "value": 15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantCustomerShares.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantCustomerShares.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantInitialPriceProxy", "value": 200, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantForecastWindows.0", "value": 4.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantForecastWindows.1", "value": 4.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.q3GuidanceFactor", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.q4SequentialGrowth", "value": -0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.0", "value": -0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.1", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.3", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.3", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.otherGrowth", "value": -0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.h2GrossMargin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.fy30GrossMargin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.fy30NonGaapOpMargin", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalEbitMargin", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.h2OpexFactor", "value": 1.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 210, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.publicRecovery", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.privateRecovery", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.guaranteeLossFraction", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.warrantDeliveryFactor", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.warrantConditionFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.warrantPriceGrowth", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.workingCapitalAssetFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.leaseLossFraction", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverAvailability", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.q3GuidanceFactor", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.q4SequentialGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.0", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.1", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.2", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.3", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.0", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.1", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.2", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.3", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.otherGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.h2GrossMargin", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.fy30GrossMargin", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.fy30NonGaapOpMargin", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalEbitMargin", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.h2OpexFactor", "value": 1.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.publicRecovery", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.privateRecovery", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.guaranteeLossFraction", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.warrantDeliveryFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.warrantConditionFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.warrantPriceGrowth", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.leaseLossFraction", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverAvailability", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.q3GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.q4SequentialGrowth", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.0", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.1", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.2", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.3", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.0", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.2", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.3", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.otherGrowth", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.h2GrossMargin", "value": 0.56, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.fy30GrossMargin", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.fy30NonGaapOpMargin", "value": 0.38, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalEbitMargin", "value": 0.33, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 135, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.publicRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.privateRecovery", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.guaranteeLossFraction", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.warrantDeliveryFactor", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.warrantConditionFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.warrantPriceGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.leaseLossFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverRate", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.q3GuidanceFactor", "value": 1.023, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.q4SequentialGrowth", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.0", "value": 1.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.1", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.2", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.3", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.1", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.2", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.3", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.otherGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.h2GrossMargin", "value": 0.565, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.fy30GrossMargin", "value": 0.63, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.fy30NonGaapOpMargin", "value": 0.43, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalEbitMargin", "value": 0.38, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 120, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.publicRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.privateRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.guaranteeLossFraction", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.warrantDeliveryFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.warrantConditionFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.warrantPriceGrowth", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.leaseLossFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.revolverMaturityTime", "value": 4.88, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.growthFadeYears", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.seed", "value": 20260914, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.demandSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.growthSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.marginSigma", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.warrantSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.investmentSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.guaranteeSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.leaseSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.revolverAvailabilitySigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.revolverRateSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "referencePrice", "value": 516.13, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/amd/", "note": "September 11, 2026 regular close; cross-check https://chartexchange.com/symbol/nasdaq-amd/historical/. Frozen reference, not live.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Financial anchors", "classification": "Reported", "treatment": "USD and share amounts converted to billions. Q2 segment revenues and H1 cash flow reconcile to filings; short-term securities are separate from long-term equities.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 midpoint and non-GAAP margin/opex anchor Base. Normalized tax guidance is not a guarantee of GAAP tax.", "source": "q2-results"}, {"input": "Long-range targets", "classification": "Management guidance-commentary", "treatment": "Analyst Day targets cover three to five years from November 2025. They are aspirations with execution risk, not an annual guarantee; model comparison uses FY2025 to FY2030.", "source": "analyst-day"}, {"input": "Operating forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "Five product cohorts sum to reported segment totals. H2 mix starts with the estimated Q2 split. 2027–2030 GPU and CPU growth are explicit annual paths from annualized H2; others compound at scenario rates. For 2031–2035, growth = 2030 product growth × (1 − transition step/5) + terminal growth × transition step/5. Base GPU growth therefore slows from 50% in 2030 to 40.6%, 31.2%, 21.8%, 12.4% and 3.0%. This is a DR competitive-normalization path, not a management commitment.", "source": "analyst-day"}, {"input": "Cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Receivables, inventory, payables and residual operating assets/accruals roll forward. Loan, restricted cash and investments are excluded from operating assets; capex payable is excluded from operating liabilities and paid separately once. Commitments are allocated between procurement and service expense floors, without double counting normal costs. Uncommenced leases have estimated deployment schedules and excess capacity loss exposure.", "source": "q2-10q"}, {"input": "Employee awards and customer warrants", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution, remaining expense is added back once; future SBC remains a cost. Customer warrant eligibility uses estimated customer revenue converted to GW through expiry and a smooth price-hurdle proxy. Price and dilution are solved jointly. No duplicate warrant fair-value deduction.", "source": "warrant-exhibit"}, {"input": "Capital and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Reported finite amortization is allocated through 2035; physical depreciation uses four/five-year remaining/new asset lives. Terminal cash flow removes expired amortization and finances growth at stated ROIC. WACC/perpetuity DCF is primary; discounted EV/EBIT is an unblended cross-check.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "Shared demand/execution shocks drive revenue, margin, capex, collection days, warrant delivery, investments and discount rates. 20,000 seeded draws use the deterministic engine.", "source": "analyst-day"}, {"input": "Liquidity and revolver", "classification": "Dilikoğlu Research estimate", "treatment": "Reported $5bn undrawn revolving facility is separate from cash and the $5.5bn commercial-paper program. Scenario-accessible revolver capacity is 50% / 75% / 100% / 100%; draws cover the operating reserve where possible, incur a 0.5% draw fee and interest, and repay from surplus cash or by estimated May 2031 maturity. Rates are 10% / 8% / 6.5% / 6%. No double counting of commercial-paper capacity or automatic renewal. Facility principal and interest affect the cash schedule; draw fees reduce FCFF. WACC captures debt financing in enterprise value, so future draws are not a second opening net-debt deduction.", "source": "q2-10q"}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AMD"}, "model_note": "DR scenario baseline using Q2 2026 financials, Q3 guidance and disclosed long-term targets. Valuation date June 27; information reviewed September 14. Product splits, future cash flows and warrant vesting are estimates. No recommendation assigned.", "limitations": ["Instinct/EPYC revenue split is not separately reported. The $3bn Q2 Instinct estimate is a modeling allocation within the reported $6.718bn Data Center segment; no additional revenue is created.", "Warrant vesting and exercise schedules are redacted. Revenue per GW, customer allocation, intermediate price threshold, technical completion and expected price path are DR proxies, not contractual terms. Both full-dilution and zero-dilution sensitivities are disclosed.", "Warrant expense or revenue offsets under GAAP are not forecast as a second economic cost: customer warrants are recognized once through dilution. Displayed economic EBIT is not a complete future GAAP reconciliation.", "Latest employee award ledger is year-end 2025. Midyear RSUs, options and unrecognized compensation are DR estimates anchored to that disclosure; accounting diluted EPS shares are not the economic fully diluted share count.", "The combined purchase schedule includes supply, cloud and licenses. DR allocates 80% to supply and 20% to services; operating use sits inside COGS/opex, excess supplies enter inventory, and shortfalls are stressed. Lease dates and duration are approximations within disclosed ranges.", "Public/private investment amounts are rounded issuer disclosures. Recoveries are haircut once; speculative investment gains and future discretionary acquisitions are excluded.", "MC shocks and priors are judgmental, not calibrated confidence intervals. Terminal returns and financing accessibility remain major uncertainties.", "The reported amortization tail after 2030 is allocated evenly through 2035 as a DR timing estimate; this is not a disclosed asset-by-asset expiration schedule.", "Debt maturity times, facility availability, interest and fees are estimates. The facility is capped at the reported amount and not automatically renewed; commercial paper is not added on top. Negative cash after modeled facility use receives zero common recovery, an extreme stress convention rather than a bankruptcy prediction.", "The smooth 2031–2035 growth fade is an analyst assumption. A faster normalization sensitivity is retained in the review audit; valuation is highly sensitive to the duration of accelerator growth."], "links": {"coverage": "https://dilikogluresearch.com/coverage/amd", "model": "https://dilikogluresearch.com/amd_model", "native_model": "https://dilikogluresearch.com/api/model/AMD", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AMD"}, "model_version": "7f8fcab6d4519e7c6338875e34471b19a711404ce6a6765470842ee7b841f387"}}, {"id": "b1a8a7cc660ad3789d08cbc29c635f4a9dec1461a5f75f308b0794471fd75a17", "ticker": "AVGO", "recorded_at": "2026-09-21T04:45:26+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-21", "model_version": "47ce91a57cc39d7b5d947e81f6137538806ba588866f534c1469a8fc7c4b5114", "research_version": "4d07bd42481ba883ebce05d553e19a3e0632e4863234211b205d4048dd702ea2", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "AVGO", "company": "Broadcom Inc.", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-08-02", "valuation_horizon": null, "reference_price": {"value": 357.61, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 510.9293792108671, "probability_weighted": 489.3836220475514, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 163.0636584197142, "probability": 0.25}, "base": {"fair_value": 510.9293792108671, "probability": 0.45}, "bull": {"fair_value": 1093.4974339886635, "probability": 0.2}}, "monte_carlo_median": 423.1075307173081, "method": "Q4 FY2026–FY2035 FCFF DCF; AMD discount conventions; exit EV/EBIT cross-check"}, "thesis": {"summary": "Broadcom research tests AI silicon growth and infrastructure software cash generation against customer concentration, procurement commitments and financing support.", "pillars": ["AI and non-AI semiconductors reconcile with infrastructure software.", "Base follows near-term guidance and management multi-year AI outlook.", "Contract balances, stock compensation and customer support determine economic cash returns."], "risks": ["Power-site readiness and customer spending may delay deployment.", "Customer notes and backstop commitments can absorb cash.", "Long-term growth and terminal margins account for much of intrinsic value."], "variant": "Custom silicon demand is valuable only when delivery and collections translate into sustainable cash returns."}, "governance": [{"signal": "AI revenue realization", "trigger": "FY2027 / FY2028 below $115bn / $230bn outlook", "action": "Reassess deployment, customer funding and growth duration."}, {"signal": "Cash conversion", "trigger": "Persistent cash FCF margin below 40% despite sales growth", "action": "Audit collections, contract assets, procurement and customer support."}, {"signal": "Customer support", "trigger": "Backstop called, material note draw or customer default", "action": "Update liquidity timing and expected recovery before revising valuation."}, {"signal": "Operating durability", "trigger": "Economic margin trends below scenario assumptions", "action": "Review product mix, R&D and SBC; do not offset with a higher multiple."}], "sources": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "1a82d6dbbc4a926645efb80f2fb06d5d80123d300c39cd18ef52a67d9892f2b9", "engine_sha256": "e58a50e60b13833daa1e8dc8ac2d722555a6d29cde9e37c8e9480004ba7054b9"}}, "estimates": {"items": [{"path": "actual.q3Revenue", "value": 29.591, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Semiconductor", "value": 20.839, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Software", "value": 8.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ai", "value": 16.7, "classification": "Reported", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.0", "value": 12.77, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.1", "value": 7.325, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.0", "value": 6.892, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.1", "value": 0.508, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Sbc", "value": 2.019, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Amortization", "value": 2.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Restructuring", "value": 0.115, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ebit", "value": 15.955, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3NonGaapEbit", "value": 20.095, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdRevenue", "value": 71.089, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCfo", "value": 32.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCapex", "value": 1.013, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdDepreciation", "value": 0.484, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdSbc", "value": 6.287, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.cash", "value": 23.975, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.receivables", "value": 13.707, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.inventory", "value": 4.523, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payables", "value": 4, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractAssets", "value": 11.901, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.currentContractAssets", "value": 7.187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.prepaidExpenses", "value": 1.963, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherCurrentAssets", "value": 0.818, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractLiabilities", "value": 13.124, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payroll", "value": 1.506, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherAccruals", "value": 0.986, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.taxPayable", "value": 1.971, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.interestPayable", "value": 0.622, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.uncertainTaxBenefits", "value": 1.755, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.globalMinimumTaxPayable", "value": 2.186, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ppe", "value": 3.144, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtPrincipal", "value": 61.079, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtCarrying", "value": 59.419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ordinaryShares", "value": 4.774, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.subsequentOrdinaryShares", "value": 4.773629865, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rsus", "value": 0.165, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.unrecognizedSbc", "value": 18.221, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.0", "value": 2.029, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.1", "value": 7.265, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.2", "value": 5.178, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.3", "value": 2.927, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.4", "value": 0.822, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 2.008, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 6.98, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 5.833, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 4.686, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 3.479, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 3.339, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.0", "value": 1.11, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.1", "value": 52.674, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.2", "value": 72.952, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.3", "value": 0.085, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.0", "value": 0.313, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.1", "value": 0.758, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.2", "value": 0.778, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.3", "value": 0.904, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.4", "value": 0.303, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.5", "value": 0.885, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.0", "value": 2.252, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.1", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.2", "value": 5.127, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.3", "value": 2.405, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.4", "value": 6.406, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.5", "value": 44.889, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.revolverCapacity", "value": 7.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.backstopMaximum", "value": 29, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.conditionalCustomerNotesMaximum", "value": 42, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpo", "value": 179.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpoNext12MonthFraction", "value": 0.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdFactoredReceivables", "value": 3.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermAssets", "value": 8.705, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermLiabilities", "value": 3.543, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Revenue", "value": 34.8, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Ai", "value": 21.7, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Software", "value": 8.7, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonAiRounded", "value": 4.3, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Semiconductor", "value": 26.1, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonGaapOperatingMargin", "value": 0.66, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4GrossMargin", "value": 0.73, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4TaxRate", "value": 0.16, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Capex", "value": 1.4, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4DilutedShares", "value": 4.94, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY27", "value": 115, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY28", "value": 230, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.fy28EpsFloor", "value": 30, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.reserve", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.otherCurrentAssetOperatingFraction", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.awardPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.revolverExpiryTime", "value": 3.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopPaymentTime", "value": 2.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanPaymentTime", "value": 1.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanRecoveryTime", "value": 5.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.componentShareOfSemiCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractAssetSoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractLiabilitySoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4GuidanceFactor", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.0", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.1", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.0", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.nonAiGrowth", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareGrowth", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4MarginAdjustment", "value": -0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareMargin", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.semiFY30Margin", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalEconomicMargin", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.085, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.contractAssetFactor", "value": 1.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.deferredFactor", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.backstopLossFraction", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanDrawFraction", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanRecovery", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.uncertainTaxSettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverAvailability", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4GuidanceFactor", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.0", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.1", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.1", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.nonAiGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4MarginAdjustment", "value": -0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareMargin", "value": 0.78, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.semiFY30Margin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalEconomicMargin", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.contractAssetFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.deferredFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.backstopLossFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanDrawFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanRecovery", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.uncertainTaxSettlement", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverAvailability", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.0", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.1", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.1", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.nonAiGrowth", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareGrowth", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4MarginAdjustment", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareMargin", "value": 0.84, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.semiFY30Margin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalEconomicMargin", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.068, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.contractAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.deferredFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.backstopLossFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanDrawFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanRecovery", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.uncertainTaxSettlement", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverRate", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4GuidanceFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.1", "value": 1.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.nonAiGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareGrowth", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4MarginAdjustment", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareMargin", "value": 0.86, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.semiFY30Margin", "value": 0.62, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalEconomicMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 40, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.contractAssetFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.deferredFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.backstopLossFraction", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanDrawFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.uncertainTaxSettlement", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopOverlapFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.residualLongTermLiabilitySettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.seed", "value": 20260920, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.growthSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.marginSigma", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.backstopSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.contractSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.recoverySigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.fundingSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.time", "value": 4.457534246575342, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.time", "value": 6.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.coupon", "value": 0.0495, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.time", "value": 9.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.coupon", "value": 0.057, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.time", "value": 29.473972602739725, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.coupon", "value": 0.042, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.time", "value": 4.205479452054795, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.time", "value": 9.545205479452054, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.principal", "value": 0.698, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.time", "value": 11.547945205479452, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.time", "value": 3.9534246575342467, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.time", "value": 5.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.principal", "value": 2.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.time", "value": 8.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.time", "value": 1.704109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.principal", "value": 0.8, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.coupon", "value": 0.0505, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.coupon", "value": 0.0435, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.time", "value": 3.5424657534246577, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.principal", "value": 0.875, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.coupon", "value": 0.0455, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.time", "value": 5.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.time", "value": 8.208219178082192, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.coupon", "value": 0.0515, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.time", "value": 5.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.coupon", "value": 0.04, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.principal", "value": 1.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.principal", "value": 0.654, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.coupon", "value": 0.04926, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.time", "value": 10.791780821917808, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.coupon", "value": 0.03137, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.time", "value": 9.293150684931506, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.coupon", "value": 0.03187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.time", "value": 10.295890410958904, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.coupon", "value": 0.03419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.time", "value": 6.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.coupon", "value": 0.03469, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.time", "value": 7.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.coupon", "value": 0.0195, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.time", "value": 1.5397260273972602, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.coupon", "value": 0.0245, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.time", "value": 4.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.coupon", "value": 0.026, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.time", "value": 6.545205479452055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.principal", "value": 3, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.time", "value": 14.550684931506849, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.coupon", "value": 0.0375, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.time", "value": 24.556164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.principal", "value": 0.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.coupon", "value": 0.03459, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.time", "value": 0.12054794520547946, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.principal", "value": 0.606, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.coupon", "value": 0.05, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.principal", "value": 1.856, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.time", "value": 4.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.principal", "value": 2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.time", "value": 6.293150684931507, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.principal", "value": 1.655, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.coupon", "value": 0.0475, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.principal", "value": 0.777, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.time", "value": 1.4547945205479451, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.coupon", "value": 0.014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.time", "value": 0.03561643835616438, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.coupon", "value": 0.018, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.time", "value": 2.0383561643835617, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.coupon", "value": 0.047, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.time", "value": 3.786301369863014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.coupon", "value": 0.022, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.time", "value": 5.038356164383561, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.principal", "value": 0.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.coupon", "value": 0.045, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.time", "value": 8.04109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.coupon", "value": 0.0454, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.coupon", "value": 0.04489, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "referencePrice", "value": 357.61, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/avgo/history/", "note": "September 18 regular close, cross-checked with FinanceCharts. Not a live quote.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AVGO"}, "model_note": "DR scenario baseline using August 2 financials and September management outlook. Valuation date August 2; frozen September 18 price comparison. Future operating and financing values are estimates. No recommendation assigned.", "limitations": ["Multi-year AI outlook and EPS commentary are corroborated across the Q3 call transcripts and September 8 conference transcript. The underlying webcast was not independently transcribed; these remain management commentary reported by third-party transcripts, not contracted orders.", "Call transcript contains inconsistent semiconductor gross-margin wording versus segment tables. Filing-based segment costs and operating profit take precedence.", "Q4 rounded AI/non-AI/software outlook sums to $34.7bn; use $26.1bn semiconductor less $21.7bn AI = $4.4bn non-AI to reconcile $34.8bn total. $0.1bn is a DR rounding bridge.", "The $29bn disclosed maximum backstop exposure already reflects contractual structure; do not multiply it by 85% again. $42bn conditional customer notes are not Broadcom debt or an existing receivable. Exposure overlap must be stressed without duplicate loss recognition.", "Valuation starts August 2 like the peer quarter-end framework; September 18 price is a dated comparison, not a September balance sheet. August subsequent debt repayment belongs in the Q4 cash schedule.", "Contract assets and deferred revenue must include both current and long-term balances. RPO is not added to sales or counted as cash.", "Post-FY2028 growth, margins, working capital, loan utilization and recovery are DR estimates. No automatic acquisition, buyback or share-price uplift.", "No contractual loss offset between customer notes and the backstop is assumed. Both cash exposures are modeled; a full-overlap sensitivity shows the alternative. Cash-flow conversion is compared with management commentary before treating future SBC as an economic cost; cash FCF is not the same as valuation FCFF.", "Residual long-term assets beyond contract assets receive no separate equity uplift because their recoverable non-operating value is not established. Residual other long-term liabilities beyond global minimum tax are conservatively reserved in full; the zero-reserve alternative is sensitized. Deferred taxes are represented through normalized cash taxes, not a second balance-sheet claim.", "Quarterly opening period is approximated as 0.25 years; annual liquidity steps can miss intraperiod cash troughs. Revolver capacity expires without assumed renewal. Future discretionary dividends and buybacks are omitted; only the declared dividend is in the cash schedule.", "Quarterly gross margin guidance anchors the semiconductor cost ratio after holding software cost ratio at its reported level. Later gross-cost ratios are DR estimates held constant while operating margins normalize.", "Customer notes may be issued in kind or for cash under conditions not fully disclosed. The model treats the selected utilization as a cash advance as a conservative DR estimate; zero and full-cash-draw sensitivities bound this uncertainty."], "links": {"coverage": "https://dilikogluresearch.com/coverage/avgo", "model": "https://dilikogluresearch.com/avgo_model", "native_model": "https://dilikogluresearch.com/api/model/AVGO", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AVGO"}, "model_version": "47ce91a57cc39d7b5d947e81f6137538806ba588866f534c1469a8fc7c4b5114"}}, {"id": "7eac578f6f4ccab27bf909d00793a67c2f15b1ca491dd6e8d96c6a6aae7830d7", "ticker": "AVGO", "recorded_at": "2026-09-21T04:46:52+00:00", "kind": "research_update", "model_as_of": "2026-09-21", "model_version": "2671818dd27febac2645963fd3a465cc513f3c0e33ebe7930c0ff5a0986470ae", "research_version": "63adbc56595bb0dceae4d2dd244c742e45c3c1934a023812325db2caa4e85110", "changes": [{"field": "sources", "old_value": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "1a82d6dbbc4a926645efb80f2fb06d5d80123d300c39cd18ef52a67d9892f2b9", "engine_sha256": "e58a50e60b13833daa1e8dc8ac2d722555a6d29cde9e37c8e9480004ba7054b9"}}, "new_value": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "1a82d6dbbc4a926645efb80f2fb06d5d80123d300c39cd18ef52a67d9892f2b9", "engine_sha256": "c5e63a41f19d1b82c9f419ddfe032f358a3f68587a8657539231f801c937f96c"}}}, {"field": "model_version", "old_value": "47ce91a57cc39d7b5d947e81f6137538806ba588866f534c1469a8fc7c4b5114", "new_value": "2671818dd27febac2645963fd3a465cc513f3c0e33ebe7930c0ff5a0986470ae"}], "snapshot": {"schema_version": "1.0", "ticker": "AVGO", "company": "Broadcom Inc.", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-08-02", "valuation_horizon": null, "reference_price": {"value": 357.61, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 510.9293792108671, "probability_weighted": 489.3836220475514, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 163.0636584197142, "probability": 0.25}, "base": {"fair_value": 510.9293792108671, "probability": 0.45}, "bull": {"fair_value": 1093.4974339886635, "probability": 0.2}}, "monte_carlo_median": 423.1075307173081, "method": "Q4 FY2026–FY2035 FCFF DCF; AMD discount conventions; exit EV/EBIT cross-check"}, "thesis": {"summary": "Broadcom research tests AI silicon growth and infrastructure software cash generation against customer concentration, procurement commitments and financing support.", "pillars": ["AI and non-AI semiconductors reconcile with infrastructure software.", "Base follows near-term guidance and management multi-year AI outlook.", "Contract balances, stock compensation and customer support determine economic cash returns."], "risks": ["Power-site readiness and customer spending may delay deployment.", "Customer notes and backstop commitments can absorb cash.", "Long-term growth and terminal margins account for much of intrinsic value."], "variant": "Custom silicon demand is valuable only when delivery and collections translate into sustainable cash returns."}, "governance": [{"signal": "AI revenue realization", "trigger": "FY2027 / FY2028 below $115bn / $230bn outlook", "action": "Reassess deployment, customer funding and growth duration."}, {"signal": "Cash conversion", "trigger": "Persistent cash FCF margin below 40% despite sales growth", "action": "Audit collections, contract assets, procurement and customer support."}, {"signal": "Customer support", "trigger": "Backstop called, material note draw or customer default", "action": "Update liquidity timing and expected recovery before revising valuation."}, {"signal": "Operating durability", "trigger": "Economic margin trends below scenario assumptions", "action": "Review product mix, R&D and SBC; do not offset with a higher multiple."}], "sources": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "1a82d6dbbc4a926645efb80f2fb06d5d80123d300c39cd18ef52a67d9892f2b9", "engine_sha256": "c5e63a41f19d1b82c9f419ddfe032f358a3f68587a8657539231f801c937f96c"}}, "estimates": {"items": [{"path": "actual.q3Revenue", "value": 29.591, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Semiconductor", "value": 20.839, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Software", "value": 8.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ai", "value": 16.7, "classification": "Reported", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.0", "value": 12.77, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.1", "value": 7.325, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.0", "value": 6.892, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.1", "value": 0.508, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Sbc", "value": 2.019, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Amortization", "value": 2.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Restructuring", "value": 0.115, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ebit", "value": 15.955, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3NonGaapEbit", "value": 20.095, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdRevenue", "value": 71.089, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCfo", "value": 32.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCapex", "value": 1.013, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdDepreciation", "value": 0.484, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdSbc", "value": 6.287, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.cash", "value": 23.975, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.receivables", "value": 13.707, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.inventory", "value": 4.523, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payables", "value": 4, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractAssets", "value": 11.901, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.currentContractAssets", "value": 7.187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.prepaidExpenses", "value": 1.963, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherCurrentAssets", "value": 0.818, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractLiabilities", "value": 13.124, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payroll", "value": 1.506, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherAccruals", "value": 0.986, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.taxPayable", "value": 1.971, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.interestPayable", "value": 0.622, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.uncertainTaxBenefits", "value": 1.755, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.globalMinimumTaxPayable", "value": 2.186, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ppe", "value": 3.144, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtPrincipal", "value": 61.079, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtCarrying", "value": 59.419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ordinaryShares", "value": 4.774, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.subsequentOrdinaryShares", "value": 4.773629865, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rsus", "value": 0.165, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.unrecognizedSbc", "value": 18.221, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.0", "value": 2.029, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.1", "value": 7.265, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.2", "value": 5.178, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.3", "value": 2.927, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.4", "value": 0.822, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 2.008, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 6.98, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 5.833, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 4.686, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 3.479, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 3.339, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.0", "value": 1.11, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.1", "value": 52.674, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.2", "value": 72.952, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.3", "value": 0.085, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.0", "value": 0.313, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.1", "value": 0.758, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.2", "value": 0.778, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.3", "value": 0.904, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.4", "value": 0.303, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.5", "value": 0.885, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.0", "value": 2.252, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.1", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.2", "value": 5.127, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.3", "value": 2.405, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.4", "value": 6.406, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.5", "value": 44.889, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.revolverCapacity", "value": 7.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.backstopMaximum", "value": 29, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.conditionalCustomerNotesMaximum", "value": 42, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpo", "value": 179.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpoNext12MonthFraction", "value": 0.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdFactoredReceivables", "value": 3.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermAssets", "value": 8.705, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermLiabilities", "value": 3.543, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Revenue", "value": 34.8, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Ai", "value": 21.7, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Software", "value": 8.7, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonAiRounded", "value": 4.3, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Semiconductor", "value": 26.1, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonGaapOperatingMargin", "value": 0.66, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4GrossMargin", "value": 0.73, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4TaxRate", "value": 0.16, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Capex", "value": 1.4, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4DilutedShares", "value": 4.94, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY27", "value": 115, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY28", "value": 230, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.fy28EpsFloor", "value": 30, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.reserve", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.otherCurrentAssetOperatingFraction", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.awardPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.revolverExpiryTime", "value": 3.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopPaymentTime", "value": 2.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanPaymentTime", "value": 1.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanRecoveryTime", "value": 5.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.componentShareOfSemiCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractAssetSoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractLiabilitySoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4GuidanceFactor", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.0", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.1", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.0", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.nonAiGrowth", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareGrowth", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4MarginAdjustment", "value": -0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareMargin", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.semiFY30Margin", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalEconomicMargin", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.085, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.contractAssetFactor", "value": 1.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.deferredFactor", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.backstopLossFraction", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanDrawFraction", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanRecovery", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.uncertainTaxSettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverAvailability", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4GuidanceFactor", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.0", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.1", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.1", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.nonAiGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4MarginAdjustment", "value": -0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareMargin", "value": 0.78, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.semiFY30Margin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalEconomicMargin", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.contractAssetFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.deferredFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.backstopLossFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanDrawFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanRecovery", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.uncertainTaxSettlement", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverAvailability", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.0", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.1", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.1", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.nonAiGrowth", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareGrowth", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4MarginAdjustment", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareMargin", "value": 0.84, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.semiFY30Margin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalEconomicMargin", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.068, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.contractAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.deferredFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.backstopLossFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanDrawFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanRecovery", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.uncertainTaxSettlement", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverRate", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4GuidanceFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.1", "value": 1.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.nonAiGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareGrowth", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4MarginAdjustment", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareMargin", "value": 0.86, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.semiFY30Margin", "value": 0.62, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalEconomicMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 40, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.contractAssetFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.deferredFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.backstopLossFraction", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanDrawFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.uncertainTaxSettlement", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopOverlapFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.residualLongTermLiabilitySettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.seed", "value": 20260920, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.growthSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.marginSigma", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.backstopSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.contractSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.recoverySigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.fundingSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.time", "value": 4.457534246575342, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.time", "value": 6.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.coupon", "value": 0.0495, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.time", "value": 9.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.coupon", "value": 0.057, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.time", "value": 29.473972602739725, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.coupon", "value": 0.042, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.time", "value": 4.205479452054795, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.time", "value": 9.545205479452054, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.principal", "value": 0.698, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.time", "value": 11.547945205479452, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.time", "value": 3.9534246575342467, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.time", "value": 5.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.principal", "value": 2.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.time", "value": 8.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.time", "value": 1.704109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.principal", "value": 0.8, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.coupon", "value": 0.0505, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.coupon", "value": 0.0435, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.time", "value": 3.5424657534246577, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.principal", "value": 0.875, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.coupon", "value": 0.0455, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.time", "value": 5.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.time", "value": 8.208219178082192, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.coupon", "value": 0.0515, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.time", "value": 5.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.coupon", "value": 0.04, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.principal", "value": 1.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.principal", "value": 0.654, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.coupon", "value": 0.04926, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.time", "value": 10.791780821917808, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.coupon", "value": 0.03137, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.time", "value": 9.293150684931506, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.coupon", "value": 0.03187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.time", "value": 10.295890410958904, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.coupon", "value": 0.03419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.time", "value": 6.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.coupon", "value": 0.03469, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.time", "value": 7.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.coupon", "value": 0.0195, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.time", "value": 1.5397260273972602, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.coupon", "value": 0.0245, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.time", "value": 4.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.coupon", "value": 0.026, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.time", "value": 6.545205479452055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.principal", "value": 3, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.time", "value": 14.550684931506849, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.coupon", "value": 0.0375, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.time", "value": 24.556164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.principal", "value": 0.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.coupon", "value": 0.03459, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.time", "value": 0.12054794520547946, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.principal", "value": 0.606, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.coupon", "value": 0.05, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.principal", "value": 1.856, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.time", "value": 4.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.principal", "value": 2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.time", "value": 6.293150684931507, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.principal", "value": 1.655, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.coupon", "value": 0.0475, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.principal", "value": 0.777, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.time", "value": 1.4547945205479451, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.coupon", "value": 0.014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.time", "value": 0.03561643835616438, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.coupon", "value": 0.018, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.time", "value": 2.0383561643835617, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.coupon", "value": 0.047, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.time", "value": 3.786301369863014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.coupon", "value": 0.022, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.time", "value": 5.038356164383561, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.principal", "value": 0.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.coupon", "value": 0.045, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.time", "value": 8.04109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.coupon", "value": 0.0454, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.coupon", "value": 0.04489, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "referencePrice", "value": 357.61, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/avgo/history/", "note": "September 18 regular close, cross-checked with FinanceCharts. Not a live quote.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AVGO"}, "model_note": "DR scenario baseline using August 2 financials and September management outlook. Valuation date August 2; frozen September 18 price comparison. Future operating and financing values are estimates. No recommendation assigned.", "limitations": ["Multi-year AI outlook and EPS commentary are corroborated across the Q3 call transcripts and September 8 conference transcript. The underlying webcast was not independently transcribed; these remain management commentary reported by third-party transcripts, not contracted orders.", "Call transcript contains inconsistent semiconductor gross-margin wording versus segment tables. Filing-based segment costs and operating profit take precedence.", "Q4 rounded AI/non-AI/software outlook sums to $34.7bn; use $26.1bn semiconductor less $21.7bn AI = $4.4bn non-AI to reconcile $34.8bn total. $0.1bn is a DR rounding bridge.", "The $29bn disclosed maximum backstop exposure already reflects contractual structure; do not multiply it by 85% again. $42bn conditional customer notes are not Broadcom debt or an existing receivable. Exposure overlap must be stressed without duplicate loss recognition.", "Valuation starts August 2 like the peer quarter-end framework; September 18 price is a dated comparison, not a September balance sheet. August subsequent debt repayment belongs in the Q4 cash schedule.", "Contract assets and deferred revenue must include both current and long-term balances. RPO is not added to sales or counted as cash.", "Post-FY2028 growth, margins, working capital, loan utilization and recovery are DR estimates. No automatic acquisition, buyback or share-price uplift.", "No contractual loss offset between customer notes and the backstop is assumed. Both cash exposures are modeled; a full-overlap sensitivity shows the alternative. Cash-flow conversion is compared with management commentary before treating future SBC as an economic cost; cash FCF is not the same as valuation FCFF.", "Residual long-term assets beyond contract assets receive no separate equity uplift because their recoverable non-operating value is not established. Residual other long-term liabilities beyond global minimum tax are conservatively reserved in full; the zero-reserve alternative is sensitized. Deferred taxes are represented through normalized cash taxes, not a second balance-sheet claim.", "Quarterly opening period is approximated as 0.25 years; annual liquidity steps can miss intraperiod cash troughs. Revolver capacity expires without assumed renewal. Future discretionary dividends and buybacks are omitted; only the declared dividend is in the cash schedule.", "Quarterly gross margin guidance anchors the semiconductor cost ratio after holding software cost ratio at its reported level. Later gross-cost ratios are DR estimates held constant while operating margins normalize.", "Customer notes may be issued in kind or for cash under conditions not fully disclosed. The model treats the selected utilization as a cash advance as a conservative DR estimate; zero and full-cash-draw sensitivities bound this uncertainty."], "links": {"coverage": "https://dilikogluresearch.com/coverage/avgo", "model": "https://dilikogluresearch.com/avgo_model", "native_model": "https://dilikogluresearch.com/api/model/AVGO", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AVGO"}, "model_version": "2671818dd27febac2645963fd3a465cc513f3c0e33ebe7930c0ff5a0986470ae"}}, {"id": "1159d74fb8274a2687c272330a7cdefaa9b112a159bcba9be52c30b60df74536", "ticker": "AVGO", "recorded_at": "2026-09-21T04:48:40+00:00", "kind": "research_update", "model_as_of": "2026-09-21", "model_version": "e05cf422d8f055f4c2b67445311a0346ed177be95718422d96c6c8ad1cf91cf0", "research_version": "4a6b0428a3a151dd9b3be6b61bd866b79360de7c5ef52e36b6fb673dac56c55b", "changes": [{"field": "sources", "old_value": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "1a82d6dbbc4a926645efb80f2fb06d5d80123d300c39cd18ef52a67d9892f2b9", "engine_sha256": "c5e63a41f19d1b82c9f419ddfe032f358a3f68587a8657539231f801c937f96c"}}, "new_value": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "d67738426f4b33cf512e7e3bc894c02dc4785bde5f78bf9ad4e0680e6368c13b", "engine_sha256": "927c4cc0a232cf0168d5cf4f7ecab4757c194b988059ec52e9628f07236db3be"}}}, {"field": "model_version", "old_value": "2671818dd27febac2645963fd3a465cc513f3c0e33ebe7930c0ff5a0986470ae", "new_value": "e05cf422d8f055f4c2b67445311a0346ed177be95718422d96c6c8ad1cf91cf0"}], "snapshot": {"schema_version": "1.0", "ticker": "AVGO", "company": "Broadcom Inc.", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-08-02", "valuation_horizon": null, "reference_price": {"value": 357.61, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 510.9293792108671, "probability_weighted": 489.3836220475514, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 163.0636584197142, "probability": 0.25}, "base": {"fair_value": 510.9293792108671, "probability": 0.45}, "bull": {"fair_value": 1093.4974339886635, "probability": 0.2}}, "monte_carlo_median": 423.1075307173081, "method": "Q4 FY2026–FY2035 FCFF DCF; AMD discount conventions; exit EV/EBIT cross-check"}, "thesis": {"summary": "Broadcom research tests AI silicon growth and infrastructure software cash generation against customer concentration, procurement commitments and financing support.", "pillars": ["AI and non-AI semiconductors reconcile with infrastructure software.", "Base follows near-term guidance and management multi-year AI outlook.", "Contract balances, stock compensation and customer support determine economic cash returns."], "risks": ["Power-site readiness and customer spending may delay deployment.", "Customer notes and backstop commitments can absorb cash.", "Long-term growth and terminal margins account for much of intrinsic value."], "variant": "Custom silicon demand is valuable only when delivery and collections translate into sustainable cash returns."}, "governance": [{"signal": "AI revenue realization", "trigger": "FY2027 / FY2028 below $115bn / $230bn outlook", "action": "Reassess deployment, customer funding and growth duration."}, {"signal": "Cash conversion", "trigger": "Persistent cash FCF margin below 40% despite sales growth", "action": "Audit collections, contract assets, procurement and customer support."}, {"signal": "Customer support", "trigger": "Backstop called, material note draw or customer default", "action": "Update liquidity timing and expected recovery before revising valuation."}, {"signal": "Operating durability", "trigger": "Economic margin trends below scenario assumptions", "action": "Review product mix, R&D and SBC; do not offset with a higher multiple."}], "sources": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "d67738426f4b33cf512e7e3bc894c02dc4785bde5f78bf9ad4e0680e6368c13b", "engine_sha256": "927c4cc0a232cf0168d5cf4f7ecab4757c194b988059ec52e9628f07236db3be"}}, "estimates": {"items": [{"path": "actual.q3Revenue", "value": 29.591, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Semiconductor", "value": 20.839, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Software", "value": 8.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ai", "value": 16.7, "classification": "Reported", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.0", "value": 12.77, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.1", "value": 7.325, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.0", "value": 6.892, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.1", "value": 0.508, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Sbc", "value": 2.019, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Amortization", "value": 2.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Restructuring", "value": 0.115, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ebit", "value": 15.955, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3NonGaapEbit", "value": 20.095, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdRevenue", "value": 71.089, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCfo", "value": 32.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCapex", "value": 1.013, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdDepreciation", "value": 0.484, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdSbc", "value": 6.287, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.cash", "value": 23.975, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.receivables", "value": 13.707, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.inventory", "value": 4.523, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payables", "value": 4, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractAssets", "value": 11.901, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.currentContractAssets", "value": 7.187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.prepaidExpenses", "value": 1.963, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherCurrentAssets", "value": 0.818, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractLiabilities", "value": 13.124, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payroll", "value": 1.506, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherAccruals", "value": 0.986, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.taxPayable", "value": 1.971, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.interestPayable", "value": 0.622, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.uncertainTaxBenefits", "value": 1.755, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.globalMinimumTaxPayable", "value": 2.186, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ppe", "value": 3.144, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtPrincipal", "value": 61.079, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtCarrying", "value": 59.419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ordinaryShares", "value": 4.774, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.subsequentOrdinaryShares", "value": 4.773629865, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rsus", "value": 0.165, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.unrecognizedSbc", "value": 18.221, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.0", "value": 2.029, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.1", "value": 7.265, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.2", "value": 5.178, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.3", "value": 2.927, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.4", "value": 0.822, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 2.008, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 6.98, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 5.833, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 4.686, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 3.479, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 3.339, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.0", "value": 1.11, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.1", "value": 52.674, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.2", "value": 72.952, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.3", "value": 0.085, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.0", "value": 0.313, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.1", "value": 0.758, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.2", "value": 0.778, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.3", "value": 0.904, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.4", "value": 0.303, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.5", "value": 0.885, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.0", "value": 2.252, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.1", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.2", "value": 5.127, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.3", "value": 2.405, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.4", "value": 6.406, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.5", "value": 44.889, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.revolverCapacity", "value": 7.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.backstopMaximum", "value": 29, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.conditionalCustomerNotesMaximum", "value": 42, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpo", "value": 179.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpoNext12MonthFraction", "value": 0.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdFactoredReceivables", "value": 3.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermAssets", "value": 8.705, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermLiabilities", "value": 3.543, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Revenue", "value": 34.8, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Ai", "value": 21.7, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Software", "value": 8.7, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonAiRounded", "value": 4.3, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Semiconductor", "value": 26.1, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonGaapOperatingMargin", "value": 0.66, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4GrossMargin", "value": 0.73, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4TaxRate", "value": 0.16, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Capex", "value": 1.4, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4DilutedShares", "value": 4.94, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY27", "value": 115, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY28", "value": 230, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.fy28EpsFloor", "value": 30, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.reserve", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.otherCurrentAssetOperatingFraction", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.awardPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.revolverExpiryTime", "value": 3.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopPaymentTime", "value": 2.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanPaymentTime", "value": 1.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanRecoveryTime", "value": 5.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.componentShareOfSemiCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractAssetSoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractLiabilitySoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4GuidanceFactor", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.0", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.1", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.0", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.nonAiGrowth", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareGrowth", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4MarginAdjustment", "value": -0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareMargin", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.semiFY30Margin", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalEconomicMargin", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.085, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.contractAssetFactor", "value": 1.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.deferredFactor", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.backstopLossFraction", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanDrawFraction", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanRecovery", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.uncertainTaxSettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverAvailability", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4GuidanceFactor", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.0", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.1", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.1", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.nonAiGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4MarginAdjustment", "value": -0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareMargin", "value": 0.78, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.semiFY30Margin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalEconomicMargin", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.contractAssetFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.deferredFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.backstopLossFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanDrawFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanRecovery", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.uncertainTaxSettlement", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverAvailability", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.0", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.1", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.1", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.nonAiGrowth", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareGrowth", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4MarginAdjustment", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareMargin", "value": 0.84, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.semiFY30Margin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalEconomicMargin", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.068, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.contractAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.deferredFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.backstopLossFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanDrawFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanRecovery", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.uncertainTaxSettlement", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverRate", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4GuidanceFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.1", "value": 1.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.nonAiGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareGrowth", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4MarginAdjustment", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareMargin", "value": 0.86, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.semiFY30Margin", "value": 0.62, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalEconomicMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 40, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.contractAssetFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.deferredFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.backstopLossFraction", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanDrawFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.uncertainTaxSettlement", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopOverlapFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.residualLongTermLiabilitySettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.seed", "value": 20260920, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.growthSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.marginSigma", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.backstopSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.contractSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.recoverySigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.fundingSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.time", "value": 4.457534246575342, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.time", "value": 6.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.coupon", "value": 0.0495, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.time", "value": 9.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.coupon", "value": 0.057, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.time", "value": 29.473972602739725, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.coupon", "value": 0.042, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.time", "value": 4.205479452054795, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.time", "value": 9.545205479452054, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.principal", "value": 0.698, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.time", "value": 11.547945205479452, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.time", "value": 3.9534246575342467, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.time", "value": 5.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.principal", "value": 2.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.time", "value": 8.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.time", "value": 1.704109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.principal", "value": 0.8, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.coupon", "value": 0.0505, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.coupon", "value": 0.0435, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.time", "value": 3.5424657534246577, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.principal", "value": 0.875, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.coupon", "value": 0.0455, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.time", "value": 5.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.time", "value": 8.208219178082192, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.coupon", "value": 0.0515, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.time", "value": 5.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.coupon", "value": 0.04, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.principal", "value": 1.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.principal", "value": 0.654, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.coupon", "value": 0.04926, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.time", "value": 10.791780821917808, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.coupon", "value": 0.03137, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.time", "value": 9.293150684931506, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.coupon", "value": 0.03187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.time", "value": 10.295890410958904, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.coupon", "value": 0.03419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.time", "value": 6.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.coupon", "value": 0.03469, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.time", "value": 7.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.coupon", "value": 0.0195, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.time", "value": 1.5397260273972602, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.coupon", "value": 0.0245, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.time", "value": 4.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.coupon", "value": 0.026, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.time", "value": 6.545205479452055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.principal", "value": 3, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.time", "value": 14.550684931506849, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.coupon", "value": 0.0375, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.time", "value": 24.556164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.principal", "value": 0.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.coupon", "value": 0.03459, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.time", "value": 0.12054794520547946, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.principal", "value": 0.606, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.coupon", "value": 0.05, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.principal", "value": 1.856, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.time", "value": 4.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.principal", "value": 2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.time", "value": 6.293150684931507, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.principal", "value": 1.655, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.coupon", "value": 0.0475, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.principal", "value": 0.777, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.time", "value": 1.4547945205479451, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.coupon", "value": 0.014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.time", "value": 0.03561643835616438, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.coupon", "value": 0.018, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.time", "value": 2.0383561643835617, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.coupon", "value": 0.047, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.time", "value": 3.786301369863014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.coupon", "value": 0.022, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.time", "value": 5.038356164383561, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.principal", "value": 0.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.coupon", "value": 0.045, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.time", "value": 8.04109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.coupon", "value": 0.0454, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.coupon", "value": 0.04489, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "referencePrice", "value": 357.61, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/avgo/history/", "note": "September 18 regular close, cross-checked with FinanceCharts. Not a live quote.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AVGO"}, "model_note": "DR scenario baseline using August 2 financials and September management outlook. Valuation date August 2; frozen September 18 price comparison. Future operating and financing values are estimates. No recommendation assigned.", "limitations": ["Multi-year AI outlook and EPS commentary are corroborated across the Q3 call transcripts and September 8 conference transcript. The underlying webcast was not independently transcribed; these remain management commentary reported by third-party transcripts, not contracted orders.", "Call transcript contains inconsistent semiconductor gross-margin wording versus segment tables. Filing-based segment costs and operating profit take precedence.", "Q4 rounded AI/non-AI/software outlook sums to $34.7bn; use $26.1bn semiconductor less $21.7bn AI = $4.4bn non-AI to reconcile $34.8bn total. $0.1bn is a DR rounding bridge.", "The $29bn disclosed maximum backstop exposure already reflects contractual structure; do not multiply it by 85% again. $42bn conditional customer notes are not Broadcom debt or an existing receivable. Exposure overlap must be stressed without duplicate loss recognition.", "Valuation starts August 2 like the peer quarter-end framework; September 18 price is a dated comparison, not a September balance sheet. August subsequent debt repayment belongs in the Q4 cash schedule.", "Contract assets and deferred revenue must include both current and long-term balances. RPO is not added to sales or counted as cash.", "Post-FY2028 growth, margins, working capital, loan utilization and recovery are DR estimates. No automatic acquisition, buyback or share-price uplift.", "No contractual loss offset between customer notes and the backstop is assumed. Both cash exposures are modeled; a full-overlap sensitivity shows the alternative. Cash-flow conversion is compared with management commentary before treating future SBC as an economic cost; cash FCF is not the same as valuation FCFF.", "Residual long-term assets beyond contract assets receive no separate equity uplift because their recoverable non-operating value is not established. Residual other long-term liabilities beyond global minimum tax are conservatively reserved in full; the zero-reserve alternative is sensitized. Deferred taxes are represented through normalized cash taxes, not a second balance-sheet claim.", "Quarterly opening period is approximated as 0.25 years; annual liquidity steps can miss intraperiod cash troughs. Revolver capacity expires without assumed renewal. Future discretionary dividends and buybacks are omitted; only the declared dividend is in the cash schedule.", "Quarterly gross margin guidance anchors the semiconductor cost ratio after holding software cost ratio at its reported level. Later gross-cost ratios are DR estimates held constant while operating margins normalize.", "Customer notes may be issued in kind or for cash under conditions not fully disclosed. The model treats the selected utilization as a cash advance as a conservative DR estimate; zero and full-cash-draw sensitivities bound this uncertainty."], "links": {"coverage": "https://dilikogluresearch.com/coverage/avgo", "model": "https://dilikogluresearch.com/avgo_model", "native_model": "https://dilikogluresearch.com/api/model/AVGO", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AVGO"}, "model_version": "e05cf422d8f055f4c2b67445311a0346ed177be95718422d96c6c8ad1cf91cf0"}}, {"id": "3a09dae8ed240d38c31d97a3bfd8e1025e0fbe4744a18e14eddcbdb8686e5c4f", "ticker": "LITE", "recorded_at": "2026-09-21T09:58:25+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-21", "model_version": "ad981bdb0682ca1be5332b3282f562add1d9276d6d39afb48779e4f4ec6b699c", "research_version": "3a90bcf9d608740309e716b020b9465f031829d561f6e8825f6dbf850a904233", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "LITE", "company": "Lumentum Holdings Inc.", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-06-27", "valuation_horizon": null, "reference_price": {"value": 930.91, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 987.5749563244412, "probability_weighted": 960.7192634481452, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 269.808542530341, "probability": 0.25}, "base": {"fair_value": 987.5749563244412, "probability": 0.45}, "bull": {"fair_value": 2244.2919873478068, "probability": 0.2}}, "monte_carlo_median": 758.7994577223178, "method": "FY2027–36 FCFF plus discounted exit EV/EBIT; perpetuity cross-check"}, "thesis": {"summary": "Lumentum research connects management’s optics outlook to manufacturing capacity, cash returns and per-share value.", "pillars": ["Q1 guidance anchors the first forecast quarter.", "September FY2028 EPS commentary informs a disclosed revenue bridge.", "Cash principal, convert premiums and capped calls are valued separately."], "risks": ["Qualification and capacity ramps can lag customer demand.", "Customer concentration and expensive expansion can weaken cash conversion.", "Long-run margins and terminal multiples dominate value."], "variant": "Optical growth creates shareholder value only when delivery, margins and collections support the capital required."}, "governance": [{"signal": "FY2028 earnings outlook", "trigger": "Management withdraws $40 objective or sustained guidance shortfalls", "action": "Rebuild the revenue/margin bridge; reduce realization."}, {"signal": "Capacity and qualification", "trigger": "OCS, 1.6T, CPO/NPO production slips by two quarters", "action": "Delay capacity and associated revenue together."}, {"signal": "Cash conversion", "trigger": "AR >90 days, inventory >180 days or capex >20% above plan", "action": "Stress cash, revolver availability and conversion settlement."}, {"signal": "Customer concentration", "trigger": "Material cancellation or default at a major customer", "action": "Reduce orders and collections without assigning partnership uplift."}, {"signal": "Equity claims", "trigger": "New debt exchange, capped-call termination or significant award issuance", "action": "Reconcile cash, principal and shares on one date."}], "sources": {"model_sources": [{"id": "10k", "date": "2026-08-17", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm"}, {"id": "release", "date": "2026-08-11", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx"}, {"id": "call", "date": "2026-08-11", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11"}, {"id": "citi", "date": "2026-09-09", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771"}, {"id": "citi-crosscheck", "date": "2026-09-09", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09"}, {"id": "price", "date": "2026-09-18", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "date": "2026-08-17", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "date": "2026-08-11", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "date": "2026-08-11", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Industry / Market Data", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}], "lineage": [{"input": "Financial statements and aligned claims", "classification": "Reported", "source": "10k", "treatment": "June 27 cash, debt, common and awards are aligned. Rounded filing share counts are used. August common 89.7m is a cross-check only; combining it with June debt and awards would double-count some conversions. NVIDIA preferred participates one-for-one; its cash is already on balance sheet. The noncash debt-exchange charge does not recur."}, {"input": "Near-term operating outlook", "classification": "Management guidance-commentary", "source": "release", "treatment": "Q1 FY27 revenue $1.225–1.275bn and non-GAAP operating margin 39.5–40.5% anchor Base. Subsequent quarters are estimates, not full-year guidance."}, {"input": "FY2028 outlook bridge", "classification": "Management guidance-commentary", "source": "citi", "treatment": "September Citi management commentary targets $40 FY2028 EPS; third-party transcripts cross-checked, not an audited forecast. Q1 planning diluted shares 102m and tax 16.5% come from August call commentary. The $2bn quarterly scale operating-margin commentary is contextual, not an annual forecast."}, {"input": "Revenue, mix and capacity", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "Base FY27 quarterly growth 24/20/20% follows Q1 midpoint. FY28 revenue is inferred from $40 EPS × 102m planning shares / (1 − 16.5% tax) / 44% non-GAAP margin, assuming zero net financing income. The implied revenue is not management revenue guidance. Components/Systems allocation, volume capacity and price erosion are independent estimates. No CPO, OCS or NVIDIA partnership premium is added separately. FY29–31 Base growth 25/20/15%, then five years of gradual convergence. FY27 margins ramp from the scenario Q1 anchor to its FY28 margin; the annual figure is revenue-weighted. This bridge is estimated, not quarterly margin guidance."}, {"input": "Margins and SBC", "classification": "Dilikoğlu Research estimate", "source": "call", "treatment": "Q1 Base 40% non-GAAP operating margin, FY28 44%, then convergence to scenario economic margins. SBC remains an economic cost; remaining expense for opening diluted awards is added back to avoid charging both shares and service cost. Future grants stay in economic expense and are not added again to shares. Gross award dilution is equivalent to cash withholding plus net shares for valuation; liquidity separately reserves 30% withholding at the frozen reference. Capacity growth is reduced proportionally when capex intensity falls below the scenario anchor; extra capex alone does not create demand."}, {"input": "Capital and working capital", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Separate capital creditors from operating liabilities. Asset additions produce capital payable balances; cash capex equals additions minus change in capital payables. CIP commissions with a one-year lag; 80% equipment over 7 years, 20% buildings over 20. Acquisition contract-liability release is noncash; only cash-backed deferred balances fund operations. AR/inventory/AP days and 75% operating prepaids are estimates. DTA use limited to half reported balance as tax shield, not also added to value."}, {"input": "Convertible settlement and hedge", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Outstanding original principal is deducted once; only conversion premium dilutes. 2032 capped calls offset premium between $187.77 and $268.24, with recovery stressed. No hedge assumed on older tranches. Conversion eligibility is 130% for 20 of 30 trading days; June notes already qualify. Funding conservatively settles all note principal in FY27, versus contractual maturity sensitivity. June-to-August additional requests are $238.4m, not $757.8m new debt. Premium is valued with intrinsic settlement at modeled IV, not an option-pricing appraisal. Early hedge termination terms and make-whole adjustments remain limitations."}, {"input": "Other claims and funding", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Reserve tax payable, pension, asset retirement and 50% uncertain tax; no additional operating-lease debt subtraction. $60m deposit reserve approximates Japan encumbrances. Available revolver is 0/50/100/100% of $400m commitment, subject to covenants, expiring FY31 with no assumed renewal. No refinancing or equity funding assumed; negative cash is an explicit zero-common-recovery stress, not default probability. Principal paid affects liquidity, not FCFF a second time."}, {"input": "Valuation and scenario priors", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "COHR-consistent priors 10/25/45/20%, WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%, exit recurring EBIT 8/12/20/25x. Five forecast years plus five transition years. Exit EV/EBIT is primary; perpetuity FCFF is an unblended cross-check. Company-specific margins are not borrowed from COHR."}, {"input": "Simulation and evidence", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "20,000 reproducible draws jointly stress demand, capacity, mix/pricing, margin, capital, cash conversion, credit, valuation multiple, awards and hedge recovery. Simulated shares solve conversion and option premium dynamically. These probabilities are judgment, not empirical confidence intervals."}], "model_provenance": {"command": "node scripts/build_lite.cjs", "input_sha256": "c7239e976796f2e4d71a1507e1aaf48c1595487f96d184d03fee346b2e6d91a0", "engine_sha256": "f24cf73d2df0025a115a7c8f91f43e273bb7e5a17fe9fc70803355fc34fcc0f0"}}, "estimates": {"items": [{"path": "actual.revenue", "value": 3.014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.components", "value": 2.0056, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.systems", "value": 1.0084, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.q4Revenue", "value": 1.0063, "classification": "Reported", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.q4NonGaapMargin", "value": 0.366, "classification": "Reported", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.q4GrossMargin", "value": 0.504, "classification": "Reported", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.ebit", "value": 0.5248, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.cfo", "value": 0.7514, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.capex", "value": 0.4513, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.cash", "value": 2.0435, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.investments", "value": 0.6949, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.receivables", "value": 0.5203, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.inventory", "value": 0.6916, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.prepaids", "value": 0.2116, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.payables", "value": 0.5674, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.payroll", "value": 0.1463, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.accruedExpenses", "value": 0.0649, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.capitalPayables", "value": 0.1814, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.otherCurrentLiabilities", "value": 0.0915, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.taxPayable", "value": 0.0383, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.restructuringReserve", "value": 0.0024, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.deferredRevenue", "value": 0.0168, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.acquiredContractLiability", "value": 0.0076, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.ppe", "value": 1.1591, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.land", "value": 0.0921, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.cip", "value": 0.3774, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.depreciation", "value": 0.1288, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.sbc", "value": 0.1702, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.ordinaryShares", "value": 0.0886, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.subsequentOrdinaryShares", "value": 0.0897, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.preferredShares", "value": 0.0029, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.rsus", "value": 0.002, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.psus", "value": 0.0008, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.options", "value": 0.0002, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.optionStrike", "value": 8.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.unrecognizedRsuExpense", "value": 0.1677, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.unrecognizedPsuExpense", "value": 0.0728, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.unrecognizedOptionExpense", "value": 0.0014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.debtPrincipal", "value": 1.6471, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.debtCarrying", "value": 1.6374, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.termDebt", "value": 0.0928, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.currentTermDebt", "value": 0.0523, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.revolverCommitment", "value": 0.4, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.pension", "value": 0.0072, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.assetRetirement", "value": 0.009, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.uncertainTax", "value": 0.0672, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.deferredTaxAsset", "value": 0.5309, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.0", "value": 0.1235, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.1", "value": 0.083, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.2", "value": 0.0526, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.3", "value": 0.0465, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.4", "value": 0.02, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.5", "value": 0.0013, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.earlyRequests", "value": 0.7578, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.settledRequests", "value": 0.5194, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1RevenueLow", "value": 1.225, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1RevenueHigh", "value": 1.275, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1MarginLow", "value": 0.395, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1MarginHigh", "value": 0.405, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1EpsLow", "value": 4.05, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "USD per share", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1EpsHigh", "value": 4.35, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "USD per share", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.fy28Eps", "value": 40, "classification": "Management guidance-commentary", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD per share", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.planningTax", "value": 0.165, "classification": "Management guidance-commentary", "sourceUrl": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.planningDilutedShares", "value": 0.102, "classification": "Management guidance-commentary", "sourceUrl": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "source_date": "2026-08-11", "unit": "billion shares", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.scaleMargin", "value": 0.42, "classification": "Management guidance-commentary", "sourceUrl": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.principal", "value": 0.0548, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.conversionPrice", "value": 99.29, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.coupon", "value": 0.005, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.maturityYear", "value": 2027, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.capPrice", "value": 99.29, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.principal", "value": 0.1796, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.conversionPrice", "value": 131.03, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.coupon", "value": 0.005, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.maturityYear", "value": 2028, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.capPrice", "value": 131.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.principal", "value": 0.0549, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.conversionPrice", "value": 69.54, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.coupon", "value": 0.015, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.maturityYear", "value": 2030, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.capPrice", "value": 69.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.principal", "value": 1.265, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.conversionPrice", "value": 187.77, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.coupon", "value": 0.00375, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.maturityYear", "value": 2032, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.capPrice", "value": 268.24, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.q1ComponentsShare", "value": 0.617, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.reserve", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.restrictedDepositReserve", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.otherPrepaidsOperatingFraction", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.taxAssetUtilization", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.capitalPayableRatio", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.equipmentShare", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.equipmentLife", "value": 7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.buildingLife", "value": 20, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.openingPpeLife", "value": 6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.commissioningLag", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.0", "value": 0.0523, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.1", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.2", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.3", "value": 0.0205, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termInterest", "value": 0.012, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.revolverRate", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.revolverFee", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.awardWithholding", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardVesting.0", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardVesting.1", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardExpense.0", "value": 0.135, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardExpense.1", "value": 0.1069, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.componentGrossMargin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.systemsGrossMargin", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.q1NonGaapOpexRatio", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.q1Factor", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.quarterGrowthFactors.0", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.quarterGrowthFactors.1", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.quarterGrowthFactors.2", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.fy28EpsRealization", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.fy28NonGaapMargin", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.postFY28Growth.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.postFY28Growth.1", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.postFY28Growth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalEconomicMargin", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.receivableDays", "value": 90, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.inventoryDays", "value": 200, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.revolverAccess", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.psuPayout", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.capacityRevenueFY28", "value": 6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.capacityGrowth", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.priceChange", "value": -0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.q1Factor", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.quarterGrowthFactors.0", "value": 1.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.quarterGrowthFactors.1", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.quarterGrowthFactors.2", "value": 1.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.fy28EpsRealization", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.fy28NonGaapMargin", "value": 0.39, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.postFY28Growth.0", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.postFY28Growth.1", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.postFY28Growth.2", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalEconomicMargin", "value": 0.28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.inventoryDays", "value": 150, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.revolverAccess", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.psuPayout", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.capacityRevenueFY28", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.capacityGrowth", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.priceChange", "value": -0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.q1Factor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.quarterGrowthFactors.0", "value": 1.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.quarterGrowthFactors.1", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.quarterGrowthFactors.2", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.fy28EpsRealization", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.fy28NonGaapMargin", "value": 0.44, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.postFY28Growth.0", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.postFY28Growth.1", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.postFY28Growth.2", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalEconomicMargin", "value": 0.36, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.inventoryDays", "value": 120, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.payableDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.revolverAccess", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.psuPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.taxRate", "value": 0.165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.capacityRevenueFY28", "value": 12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.capacityGrowth", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.priceChange", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.q1Factor", "value": 1.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.quarterGrowthFactors.0", "value": 1.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.quarterGrowthFactors.1", "value": 1.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.quarterGrowthFactors.2", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.fy28EpsRealization", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.fy28NonGaapMargin", "value": 0.47, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.postFY28Growth.0", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.postFY28Growth.1", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.postFY28Growth.2", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalEconomicMargin", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.inventoryDays", "value": 105, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.payableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.revolverAccess", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.psuPayout", "value": 1.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.taxRate", "value": 0.165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.capacityRevenueFY28", "value": 14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.capacityGrowth", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.priceChange", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "count", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.seed", "value": 20260921, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "count", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.growthSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.executionCorrelation", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.marginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.waccSigma", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.daysSigma", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.multipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.awardSigma", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.hedgeSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "referencePrice", "value": 930.91, "unit": "USD per share", "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/lite/history/", "source_date": "2026-09-18", "note": "Frozen regular-session close; not a live quote.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Financial statements and aligned claims", "classification": "Reported", "source": "10k", "treatment": "June 27 cash, debt, common and awards are aligned. Rounded filing share counts are used. August common 89.7m is a cross-check only; combining it with June debt and awards would double-count some conversions. NVIDIA preferred participates one-for-one; its cash is already on balance sheet. The noncash debt-exchange charge does not recur."}, {"input": "Near-term operating outlook", "classification": "Management guidance-commentary", "source": "release", "treatment": "Q1 FY27 revenue $1.225–1.275bn and non-GAAP operating margin 39.5–40.5% anchor Base. Subsequent quarters are estimates, not full-year guidance."}, {"input": "FY2028 outlook bridge", "classification": "Management guidance-commentary", "source": "citi", "treatment": "September Citi management commentary targets $40 FY2028 EPS; third-party transcripts cross-checked, not an audited forecast. Q1 planning diluted shares 102m and tax 16.5% come from August call commentary. The $2bn quarterly scale operating-margin commentary is contextual, not an annual forecast."}, {"input": "Revenue, mix and capacity", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "Base FY27 quarterly growth 24/20/20% follows Q1 midpoint. FY28 revenue is inferred from $40 EPS × 102m planning shares / (1 − 16.5% tax) / 44% non-GAAP margin, assuming zero net financing income. The implied revenue is not management revenue guidance. Components/Systems allocation, volume capacity and price erosion are independent estimates. No CPO, OCS or NVIDIA partnership premium is added separately. FY29–31 Base growth 25/20/15%, then five years of gradual convergence. FY27 margins ramp from the scenario Q1 anchor to its FY28 margin; the annual figure is revenue-weighted. This bridge is estimated, not quarterly margin guidance."}, {"input": "Margins and SBC", "classification": "Dilikoğlu Research estimate", "source": "call", "treatment": "Q1 Base 40% non-GAAP operating margin, FY28 44%, then convergence to scenario economic margins. SBC remains an economic cost; remaining expense for opening diluted awards is added back to avoid charging both shares and service cost. Future grants stay in economic expense and are not added again to shares. Gross award dilution is equivalent to cash withholding plus net shares for valuation; liquidity separately reserves 30% withholding at the frozen reference. Capacity growth is reduced proportionally when capex intensity falls below the scenario anchor; extra capex alone does not create demand."}, {"input": "Capital and working capital", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Separate capital creditors from operating liabilities. Asset additions produce capital payable balances; cash capex equals additions minus change in capital payables. CIP commissions with a one-year lag; 80% equipment over 7 years, 20% buildings over 20. Acquisition contract-liability release is noncash; only cash-backed deferred balances fund operations. AR/inventory/AP days and 75% operating prepaids are estimates. DTA use limited to half reported balance as tax shield, not also added to value."}, {"input": "Convertible settlement and hedge", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Outstanding original principal is deducted once; only conversion premium dilutes. 2032 capped calls offset premium between $187.77 and $268.24, with recovery stressed. No hedge assumed on older tranches. Conversion eligibility is 130% for 20 of 30 trading days; June notes already qualify. Funding conservatively settles all note principal in FY27, versus contractual maturity sensitivity. June-to-August additional requests are $238.4m, not $757.8m new debt. Premium is valued with intrinsic settlement at modeled IV, not an option-pricing appraisal. Early hedge termination terms and make-whole adjustments remain limitations."}, {"input": "Other claims and funding", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Reserve tax payable, pension, asset retirement and 50% uncertain tax; no additional operating-lease debt subtraction. $60m deposit reserve approximates Japan encumbrances. Available revolver is 0/50/100/100% of $400m commitment, subject to covenants, expiring FY31 with no assumed renewal. No refinancing or equity funding assumed; negative cash is an explicit zero-common-recovery stress, not default probability. Principal paid affects liquidity, not FCFF a second time."}, {"input": "Valuation and scenario priors", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "COHR-consistent priors 10/25/45/20%, WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%, exit recurring EBIT 8/12/20/25x. Five forecast years plus five transition years. Exit EV/EBIT is primary; perpetuity FCFF is an unblended cross-check. Company-specific margins are not borrowed from COHR."}, {"input": "Simulation and evidence", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "20,000 reproducible draws jointly stress demand, capacity, mix/pricing, margin, capital, cash conversion, credit, valuation multiple, awards and hedge recovery. Simulated shares solve conversion and option premium dynamically. These probabilities are judgment, not empirical confidence intervals."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/LITE"}, "model_note": "DR estimates using June 27 balances and September 9 management commentary. Opening FY27 valuation; frozen September 18 reference. No recommendation assigned.", "limitations": ["Valuation date June 27 with September information; not a live mark or formal recommendation.", "Management conference and earnings-call commentary uses third-party transcripts. Exact FY28 revenue and share bridge are not provided by management.", "Annual funding cannot establish daily covenant compliance or intra-quarter solvency. Early convert principal timing and capped-call termination require execution-specific terms.", "Rounded common, preferred and award counts; no subsequent issuance bridge after the audited balance sheet.", "Product-level margins, saleable capacity, capital conversion, working-capital days and future award withholding are DR estimates.", "No standalone report is published by this model build."], "links": {"coverage": "https://dilikogluresearch.com/coverage/lite", "model": "https://dilikogluresearch.com/lite_model", "native_model": "https://dilikogluresearch.com/api/model/LITE", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=LITE"}, "model_version": "ad981bdb0682ca1be5332b3282f562add1d9276d6d39afb48779e4f4ec6b699c"}}, {"id": "194b6d874054bb118da81ca793de14a8c124cc6d6f8c3eff8d19f3944436153e", "ticker": "SKHY", "recorded_at": "2026-09-22T04:19:50+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-21", "model_version": "189a3194c9ddfd5eeaa1ebda41d212dbb31783e0e9c1fa8cdf00c2390100a059", "research_version": "8a08f9fe1bd23eb06ba6438a0c33a9f50978a5e6a31f64d9d1bae7aa561f2eee", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "SKHY", "company": "SK hynix", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-12-31", "valuation_horizon": "FY2027–2036", "reference_price": {"value": 187.5, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "reviewed_baseline", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/ADS", "base": 244.37117080340167, "probability_weighted": 230.16485470483354, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 76.25303575531507, "probability": 0.25}, "base": {"fair_value": 244.37117080340167, "probability": 0.45}, "bull": {"fair_value": 505.67284452237, "probability": 0.2}}, "monte_carlo_median": 211.46615690034346, "method": "FY2027–2036 FCFF DCF; normalized earnings cross-check"}, "thesis": {"summary": "SK hynix research tests HBM leadership and memory pricing against capital reinvestment, cycle normalization and shareholder claims. Values use the Nasdaq ADS basis.", "pillars": ["HBM is modeled within DRAM, with NAND and Solidigm consolidated.", "Q2 results and management capacity commentary anchor a separate forecast of volume, pricing and cash returns.", "Buyback cash, share claims, noncore investments and currency translation reconcile to USD per ADS."], "risks": ["Customer qualification and packaging ramps may fall behind demand.", "Memory pricing and investment gains can obscure sustainable cash returns.", "The ADS premium, KRW exchange rate and recent listing history complicate market comparisons."], "variant": "Capacity leadership creates value when volume and pricing generate returns above the capital required."}, "governance": [{"signal": "HBM execution", "review_trigger": "Ramp delayed two quarters or volume15%below plan", "action": "Review packaging and customer qualification."}, {"signal": "Pricing", "review_trigger": "ASP15%below plan or gross margin5ppbelow plan for two quarters", "action": "Rebuild price/cost curve."}, {"signal": "Capital returns", "review_trigger": "Capex20%above plan without corresponding output", "action": "Review cash returns and terminalROIC."}, {"signal": "Liquidity", "review_trigger": "Adjusted reserve below KRW10trn", "action": "Explicitly underwrite financing before release."}, {"signal": "Claims / FX", "review_trigger": "Buyback, FX or investment carrying values materially differ", "action": "Refresh cash, shares and ADS conversion together."}], "sources": {"model_sources": [{"id": "h1", "date": "2026-08-18", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm"}, {"id": "h1-mirror", "date": "2026-08-18", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/"}, {"id": "q2", "date": "2026-07-29", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/"}, {"id": "deck", "date": "2026-07-29", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf"}, {"id": "ipo", "date": "2026-07-10", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm"}, {"id": "closing", "date": "2026-07-15", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm"}, {"id": "buyback", "date": "2026-08-19", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/"}, {"id": "fx", "date": "2026-09-18", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18"}, {"id": "price", "date": "2026-09-18", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical"}, {"id": "local-price", "date": "2026-09-18", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/"}], "public_evidence": [{"category": "Company Materials", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "date": "2026-08-18", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/", "date": "2026-08-18", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/", "date": "2026-07-29", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "date": "2026-07-29", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "date": "2026-07-10", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm", "date": "2026-07-15", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/", "date": "2026-08-19", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18", "date": "2026-09-18", "source_type": "Primary disclosure / public document mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}], "lineage": [{"input": "June consolidated balances and income", "classification": "Reported", "source": "h1", "treatment": "June 30 consolidated statements, not parent-only accounts. KRW millions converted to trillions. Q2 D&A rounded from the earnings deck. Investment gains and dividends are excluded from forecast operating FCFF. Exchangeable bonds fully exercised by June; weighted-average EPS dilution is not a remaining convert claim."}, {"input": "Listing, FX and July offering", "classification": "Reported", "source": "ipo", "treatment": "One ADS represents 0.1 ordinary share. June outstanding ordinary shares plus 17.79m newly issued shares. Net offering proceeds before other expenses translated at the July 14 closing FX. September 18 ECB-derived KRW/USD is a dated translation convention, not a live quote. Forecast FX and IPO other costs are estimates."}, {"input": "Buyback and share awards", "classification": "Dilikoğlu Research estimate", "source": "buyback", "treatment": "Assume full KRW40trn authorized buyback completes by opening 2027 at September 18 Korean ordinary close. Deduct the cash and the corresponding ordinary shares together. This is an estimated completion bridge, not a claim of purchases already executed. Add 1m ordinary award-equivalent claims, stress 0.5–2m. Cash costs retain future SBC; no perpetual buyback benefit."}, {"input": "Q3 volumes and FY26 investment", "classification": "Management guidance-commentary", "source": "deck", "treatment": "Q3 DRAM approximately 10% sequential bit growth, NAND low-single-digit growth. Model3% NAND midpoint and KRW47–49trn interpretation of high-40trn capex are DR arithmetic. No annual2027 revenue or margin guidance is claimed."}, {"input": "HBM allocation, supply and pricing", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "HBM included within DRAM. Q2 DRAM/NAND shares73/27% are rounded presentation mix proxies; HBM KRW14trn allocation is not disclosed and stressed10–18trn. FY27 demand and ASP indexes reference annualizedQ2. Shared wafer capacity, node productivity, packaging and NAND constrain shipment demand. MU price-normalization rates, priors and terminal return conventions are shared; SK hynix volume, pricing levels, taxes and capex are separately underwritten."}, {"input": "Opening cash and non-operating investments", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash plus short-term financial instruments/investments less borrowings, current tax net of tax receivable, customer advances and claims. Long-term financial instruments added separately; long-term investments and associates receive scenario recovery haircuts, with an explicit KRW15trn realization-tax reserve at Base rather than adding investment gains to earnings. Reported deferred-tax liabilities are covered within that reserve, not deducted twice. Operating lease payments remain in operating costs; leases are not subtracted again as financial debt. Noncontrolling interests and subsidiary award reserve deducted."}, {"input": "H2 bridge and capital commitments", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "H2 revenue200trn,83%gross margin and14trn opex are research forecasts anchored to Q2 and Q3 bit-growth outlook. H2 PPE cash capex48trn minus reported H1 capex plus0.7trn intangibles. ScenarioH2 revenue factors vary. June61.485trn purchase commitments are scheduled within annual cash-capex floors, not deducted again as debt. No value assigned to unconfirmed Japan, packaging disposals or Solidigm fundraising."}, {"input": "Operating costs, assets and working capital", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash product costs allocated from reported Q2 COGS excluding estimated90%manufacturing D&A. Annual asset cohorts charge D&A once;7/20-year lives, land/CIP/equipment allocations and commissioning lags are assumptions. Other non-trade payables are not all treated as operating:8trn opening operating-accrual proxy, rest represented in cash capex and claim reserves. Tax25%, future margins and capital floors are forecasts, not reported results. Lease D&A is removed from the FCFF add-back using half of H1 ROU depreciation as a Q2 proxy; recurring lease expense remains in costs. H2 and later D&A are research asset-schedule estimates."}, {"input": "DCF, Monte Carlo and portfolio evidence", "classification": "Dilikoğlu Research estimate", "source": "q2", "treatment": "Five operating years plus five normalization years; terminal cash reinvestment NOPAT×growth/ROIC. Correlated cycle, execution, costs, capex, working capital, WACC, FX, HBM allocation, noncore recovery and award uncertainty. Judgment-based probabilities, no calibration to market. USD ADS short history must not be filled with Korean ordinary returns."}], "model_provenance": {"command": "node scripts/build_skhy.cjs", "input_sha256": "e325c12ce0476d5cf86b670374c1a90d08d03dade7ff451159d5c7477fa71e9f", "engine_sha256": "6926f2824be949319e86edf18c81af0a3b3dc5eeb9f1126703b7e634acdd4531", "shared_memory_engine_sha256": "4dc0416b3e8d8411bd8ea82af14af9d71471fa7045699c833a2ddc949d3e40a5"}}, "estimates": {"items": [{"path": "reported.revenue", "value": 79.318746, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.grossProfit", "value": 65.991356, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.opex", "value": 5.448748, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.da", "value": 4.02, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.cash", "value": 26.835986, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.shortFinancial", "value": 22.397559, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.shortInvestments", "value": 38.724378, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.longFinancial", "value": 7.101803, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.longInvestments", "value": 85.309524, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.associates", "value": 1.334773, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.debt", "value": 18.586634, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.taxPayables", "value": 31.958025, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.taxAssets", "value": 0.057472, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.deferredTaxLiabilities", "value": 7.836633, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.deferredTaxAssets", "value": 1.219366, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.contractLiabilities", "value": 0.523532, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.advanceReceipts", "value": 0.049582, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.tradeReceivables", "value": 47.821395, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.inventory", "value": 17.985706, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.tradePayables", "value": 3.043239, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.otherNonTradePayables", "value": 11.800979, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.ppe", "value": 88.889146, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.intangibles", "value": 4.283131, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.rouAssets", "value": 2.387896, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.leaseLiabilities", "value": 2.526505, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.noncontrolling", "value": 0.312618, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.employeeLiabilities", "value": 2.88193, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.ordinarySharesBn", "value": 0.7110755, "unit": "billion ordinary shares", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1Capex", "value": 18.328836, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.capitalCommitments", "value": 61.484533, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1Cfo", "value": 91.742501, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1InvestmentDividends", "value": 13.983648, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.q2InvestmentGains", "value": 63.27, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.remainingExchangeableShares", "value": 0, "unit": "count", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1RouDepreciation", "value": 0.207179, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.q3DramBitGrowth", "value": 0.1, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.q3NandBitGrowthLowSingle", "value": 0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.fy26CapexLow", "value": 47, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.fy26CapexHigh", "value": 49, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ordinaryPerAds", "value": 0.1, "unit": "ordinary shares per ADS", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.krwPerUsd", "value": 1388.0977312390926, "unit": "KRW/USD", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18", "source_date": "2026-09-18", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ordinaryReferenceKrw", "value": 1857000, "unit": "KRW per ordinary share", "classification": "Reported", "sourceUrl": "https://stockanalysis.com/quote/krx/000660/history/", "source_date": "2026-09-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoOrdinarySharesBn", "value": 0.01779, "unit": "billion ordinary shares", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoNetUsdBn", "value": 26.24955417, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoClosingFx", "value": 1504.9, "unit": "KRW/USD", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm", "source_date": "2026-07-15", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoOtherExpensesKrwT", "value": 0.05, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.buybackKrwT", "value": 40, "unit": "KRW trillion", "classification": "Management guidance-commentary", "sourceUrl": "https://news.skhynix.com/en/share-buyback-and-retirement/", "source_date": "2026-08-19", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.buybackPriceKrw", "value": 1857000, "unit": "KRW per ordinary share", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://news.skhynix.com/en/share-buyback-and-retirement/", "source_date": "2026-08-19", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.awardSharesBn", "value": 0.001, "unit": "billion ordinary shares", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.fxSigma", "value": 0.08, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmQ2KrwT", "value": 14, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.dramRevenueShare", "value": 0.73, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.nandRevenueShare", "value": 0.27, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.operatingAccrualKrwT", "value": 8, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.landKrwT", "value": 3, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.cipKrwT", "value": 25, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.equipmentNotInServiceKrwT", "value": 5, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.noncoreRecovery", "value": 0.8, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.investmentTaxReserveKrwT", "value": 15, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.subsidiaryAwardReserveKrwT", "value": 1, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2RevenueKrwT", "value": 200, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2GrossMargin", "value": 0.83, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2OpexKrwT", "value": 14, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2DaKrwT", "value": 9, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2CapexKrwT", "value": 30.371164, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2TaxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2DividendKrwT", "value": 1.2, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2ReceivableDays", "value": 55, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2InventoryDays", "value": 120, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2PayableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2OperatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.minimumLiquidityKrwT", "value": 10, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.annualDividendKrwT", "value": 2.5, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.transitionYears", "value": 5, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmCostPremium", "value": 1.8, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmPricePremium", "value": 5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmWaferTradeRatio", "value": 3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.equipmentLifeYears", "value": 7, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.buildingLifeYears", "value": 20, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.constructionShare", "value": 0.45, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.constructionLagYears", "value": 2, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.equipmentLagYears", "value": 1, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.openingInServiceShare", "value": 0.65, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.cashToAssetAdditionsFactor", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.q2DaInCogsShare", "value": 0.9, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Volume.0", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Volume.1", "value": 1.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Volume.2", "value": 1.02, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Asp.0", "value": 0.7, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Asp.1", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Asp.2", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.aspChangeAfter27.0", "value": -0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.aspChangeAfter27.1", "value": -0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.aspChangeAfter27.2", "value": -0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.opexRatio", "value": 0.085, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.26, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.normalizedNopatMultiple", "value": 10, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostFY27.0", "value": 1.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostFY27.1", "value": 1.35, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostFY27.2", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostGrowth.0", "value": 0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostGrowth.1", "value": 0.01, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostGrowth.2", "value": 0, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.waferCapacityFY27", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.waferCapacityGrowth", "value": 0.06, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nodeProductivityFY27", "value": 1.03, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nodeProductivityGrowth", "value": 0.03, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.packagingCapacityFY27", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.packagingCapacityGrowth", "value": 0.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nandCapacityFY27", "value": 1.02, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nandCapacityGrowth", "value": 0.08, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalProductMargins.0", "value": 0.3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalProductMargins.1", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalProductMargins.2", "value": 0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.receivableDays", "value": 75, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.inventoryDays", "value": 180, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.1", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.2", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.0", "value": 55, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.1", "value": 50, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.2", "value": 45, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.3", "value": 40, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.4", "value": 40, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.h2RevenueFactor", "value": 0.8, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.noncoreRecovery", "value": 0.4, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Volume.0", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Volume.1", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Volume.2", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Asp.0", "value": 0.9, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Asp.1", "value": 0.85, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Asp.2", "value": 0.85, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.aspChangeAfter27.0", "value": -0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.aspChangeAfter27.1", "value": -0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.aspChangeAfter27.2", "value": -0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.opexRatio", "value": 0.075, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.22, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.13, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.normalizedNopatMultiple", "value": 12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostFY27.0", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostFY27.1", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostFY27.2", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostGrowth.0", "value": 0.01, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostGrowth.1", "value": -0.01, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostGrowth.2", "value": -0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.waferCapacityFY27", "value": 1.18, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.waferCapacityGrowth", "value": 0.08, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nodeProductivityFY27", "value": 1.06, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nodeProductivityGrowth", "value": 0.04, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.packagingCapacityFY27", "value": 1.4, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.packagingCapacityGrowth", "value": 0.18, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nandCapacityFY27", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nandCapacityGrowth", "value": 0.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalProductMargins.0", "value": 0.4, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalProductMargins.1", "value": 0.3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalProductMargins.2", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.receivableDays", "value": 65, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.inventoryDays", "value": 150, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.1", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.2", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.0", "value": 60, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.1", "value": 60, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.2", "value": 55, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.3", "value": 50, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.4", "value": 50, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.h2RevenueFactor", "value": 0.9, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.noncoreRecovery", "value": 0.65, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Volume.0", "value": 1.6, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Volume.1", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Volume.2", "value": 1.2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Asp.0", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Asp.1", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Asp.2", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.aspChangeAfter27.0", "value": -0.06, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.aspChangeAfter27.1", "value": -0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.aspChangeAfter27.2", "value": -0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.opexRatio", "value": 0.07, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.16, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.normalizedNopatMultiple", "value": 14, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostFY27.0", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostFY27.1", "value": 1.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostFY27.2", "value": 1.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostGrowth.0", "value": 0, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostGrowth.1", "value": -0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostGrowth.2", "value": -0.04, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.waferCapacityFY27", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.waferCapacityGrowth", "value": 0.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nodeProductivityFY27", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nodeProductivityGrowth", "value": 0.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.packagingCapacityFY27", "value": 1.7, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.packagingCapacityGrowth", "value": 0.22, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nandCapacityFY27", "value": 1.2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nandCapacityGrowth", "value": 0.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalProductMargins.0", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalProductMargins.1", "value": 0.4, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalProductMargins.2", "value": 0.35, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.receivableDays", "value": 55, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.inventoryDays", "value": 120, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.1", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.2", "value": 0.75, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.0", "value": 70, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.1", "value": 80, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.2", "value": 85, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.3", "value": 85, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.4", "value": 80, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.h2RevenueFactor", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.noncoreRecovery", "value": 0.8, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Volume.0", "value": 1.9, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Volume.1", "value": 1.35, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Volume.2", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Asp.0", "value": 1.2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Asp.1", "value": 1.4, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Asp.2", "value": 1.4, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.aspChangeAfter27.0", "value": -0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.aspChangeAfter27.1", "value": -0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.aspChangeAfter27.2", "value": -0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.opexRatio", "value": 0.065, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.normalizedNopatMultiple", "value": 16, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostFY27.0", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostFY27.1", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostFY27.2", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostGrowth.0", "value": -0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostGrowth.1", "value": -0.04, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostGrowth.2", "value": -0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.waferCapacityFY27", "value": 1.35, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.waferCapacityGrowth", "value": 0.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nodeProductivityFY27", "value": 1.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nodeProductivityGrowth", "value": 0.06, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.packagingCapacityFY27", "value": 2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.packagingCapacityGrowth", "value": 0.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nandCapacityFY27", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nandCapacityGrowth", "value": 0.14, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalProductMargins.0", "value": 0.6, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalProductMargins.1", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalProductMargins.2", "value": 0.45, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.receivableDays", "value": 50, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.inventoryDays", "value": 100, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.1", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.2", "value": 0.75, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.0", "value": 85, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.1", "value": 100, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.2", "value": 110, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.3", "value": 115, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.4", "value": 110, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.h2RevenueFactor", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.noncoreRecovery", "value": 1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.draws", "value": 20000, "unit": "count", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.seed", "value": 20260921, "unit": "count", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmAspSigma", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.otherAspSigma", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmVolumeSigma", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.capexCostSigma", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.capexExecutionSigma", "value": 0.04, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.waccCycleShock", "value": 0.006, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.waccIdiosyncraticShock", "value": 0.003, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.cycleExecutionCorrelation", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.normalClip", "value": 3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.unitCostSigma", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.terminalMarginSigma", "value": 0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.workingCapitalDaysSigma", "value": 5, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmAllocationRangeKrwT.0", "value": 10, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmAllocationRangeKrwT.1", "value": 18, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.awardShareRangeM.0", "value": 0.5, "unit": "million ordinary shares", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.awardShareRangeM.1", "value": 2, "unit": "million ordinary shares", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.noncoreRecoverySigma", "value": 0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.fxCycleCorrelation", "value": -0.3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.noncoreCycleCorrelation", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.h2CycleSigma", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "referencePrice", "value": 187.5, "unit": "USD per ADS", "classification": "Reported", "sourceUrl": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical", "source_date": "2026-09-18", "note": "Frozen regular-session close; not a live quote.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "June consolidated balances and income", "classification": "Reported", "source": "h1", "treatment": "June 30 consolidated statements, not parent-only accounts. KRW millions converted to trillions. Q2 D&A rounded from the earnings deck. Investment gains and dividends are excluded from forecast operating FCFF. Exchangeable bonds fully exercised by June; weighted-average EPS dilution is not a remaining convert claim."}, {"input": "Listing, FX and July offering", "classification": "Reported", "source": "ipo", "treatment": "One ADS represents 0.1 ordinary share. June outstanding ordinary shares plus 17.79m newly issued shares. Net offering proceeds before other expenses translated at the July 14 closing FX. September 18 ECB-derived KRW/USD is a dated translation convention, not a live quote. Forecast FX and IPO other costs are estimates."}, {"input": "Buyback and share awards", "classification": "Dilikoğlu Research estimate", "source": "buyback", "treatment": "Assume full KRW40trn authorized buyback completes by opening 2027 at September 18 Korean ordinary close. Deduct the cash and the corresponding ordinary shares together. This is an estimated completion bridge, not a claim of purchases already executed. Add 1m ordinary award-equivalent claims, stress 0.5–2m. Cash costs retain future SBC; no perpetual buyback benefit."}, {"input": "Q3 volumes and FY26 investment", "classification": "Management guidance-commentary", "source": "deck", "treatment": "Q3 DRAM approximately 10% sequential bit growth, NAND low-single-digit growth. Model3% NAND midpoint and KRW47–49trn interpretation of high-40trn capex are DR arithmetic. No annual2027 revenue or margin guidance is claimed."}, {"input": "HBM allocation, supply and pricing", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "HBM included within DRAM. Q2 DRAM/NAND shares73/27% are rounded presentation mix proxies; HBM KRW14trn allocation is not disclosed and stressed10–18trn. FY27 demand and ASP indexes reference annualizedQ2. Shared wafer capacity, node productivity, packaging and NAND constrain shipment demand. MU price-normalization rates, priors and terminal return conventions are shared; SK hynix volume, pricing levels, taxes and capex are separately underwritten."}, {"input": "Opening cash and non-operating investments", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash plus short-term financial instruments/investments less borrowings, current tax net of tax receivable, customer advances and claims. Long-term financial instruments added separately; long-term investments and associates receive scenario recovery haircuts, with an explicit KRW15trn realization-tax reserve at Base rather than adding investment gains to earnings. Reported deferred-tax liabilities are covered within that reserve, not deducted twice. Operating lease payments remain in operating costs; leases are not subtracted again as financial debt. Noncontrolling interests and subsidiary award reserve deducted."}, {"input": "H2 bridge and capital commitments", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "H2 revenue200trn,83%gross margin and14trn opex are research forecasts anchored to Q2 and Q3 bit-growth outlook. H2 PPE cash capex48trn minus reported H1 capex plus0.7trn intangibles. ScenarioH2 revenue factors vary. June61.485trn purchase commitments are scheduled within annual cash-capex floors, not deducted again as debt. No value assigned to unconfirmed Japan, packaging disposals or Solidigm fundraising."}, {"input": "Operating costs, assets and working capital", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash product costs allocated from reported Q2 COGS excluding estimated90%manufacturing D&A. Annual asset cohorts charge D&A once;7/20-year lives, land/CIP/equipment allocations and commissioning lags are assumptions. Other non-trade payables are not all treated as operating:8trn opening operating-accrual proxy, rest represented in cash capex and claim reserves. Tax25%, future margins and capital floors are forecasts, not reported results. Lease D&A is removed from the FCFF add-back using half of H1 ROU depreciation as a Q2 proxy; recurring lease expense remains in costs. H2 and later D&A are research asset-schedule estimates."}, {"input": "DCF, Monte Carlo and portfolio evidence", "classification": "Dilikoğlu Research estimate", "source": "q2", "treatment": "Five operating years plus five normalization years; terminal cash reinvestment NOPAT×growth/ROIC. Correlated cycle, execution, costs, capex, working capital, WACC, FX, HBM allocation, noncore recovery and award uncertainty. Judgment-based probabilities, no calibration to market. USD ADS short history must not be filled with Korean ordinary returns."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/SKHY"}, "model_note": "DR estimates; opening 2027 valuation in USD per ADS. Each ADS represents 0.1 Korean ordinary share. Frozen September 18 reference; source assumptions and market-gap review disclosed.", "limitations": ["Value is estimated opening 2027 USD per ADS; compare with the dated September 18 market reference, not a same-date quoted target.", "The ADS and Korean ordinary trade at different prices; no lasting ADS premium is added to fundamental value. Closing times differ.", "Product revenue split, HBM allocation, physical capacity indexes, asset commissioning and operating accrual allocation are DR estimates.", "Buyback completion price, future awards and noncore realization taxes are estimated; exact September cash and treasury shares await Q3 reporting.", "FX sensitivity translates a KRW forecast; it is not a complete product invoicing and currency-hedging model.", "Annual net-cash reserve stress is not a complete balance sheet or intraday financing forecast.", "Nasdaq listing began July 10; one-year ADS performance and long-lookback momentum are unavailable."], "links": {"coverage": "https://dilikogluresearch.com/coverage/skhy", "model": "https://dilikogluresearch.com/skhy_model", "native_model": "https://dilikogluresearch.com/api/model/SKHY", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=SKHY"}, "model_version": "189a3194c9ddfd5eeaa1ebda41d212dbb31783e0e9c1fa8cdf00c2390100a059"}}, {"id": "0adb85d58cff0cf9b64d8d71a9afe26b75c567b30dd8ba812b9233f4409da40b", "ticker": "NVDA", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-14", "model_version": "fa21bbe1eb200cf87fe048ec2ee8ac8208ba9e044c5deff452315ff10cb7f0ce", "research_version": "d3c5ac1f680fad1ba9cf856db18f4dedea17de6d9c50b4d6a866bf5de2bde9a2", "changes": [{"field": "publication_status", "old_value": "reviewed_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [{"id": "q2-10q", "title": "FY2027 Q2 Form 10-Q", "date": "2026-08-27", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf"}, {"id": "q2-results", "title": "FY2027 Q2 results and Q3 outlook", "date": "2026-08-26", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027"}, {"id": "q2-call", "title": "FY2027 Q2 earnings call transcript", "date": "2026-08-26", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY2027 Q2 Form 10-Q", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "date": "2026-08-27", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 results and Q3 outlook", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 earnings call transcript", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}], "lineage": [{"input": "Historical financial anchors and debt", "classification": "Reported", "treatment": "FY27 Q2 statements and notes, in USD bn. Revenue uses recast market-platform presentation. Debt principal reconciles to carrying value plus unamortized issuance costs. No equity investment gains in EBIT.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 revenue, gross margin and GAAP opex; full-year tax range. Base begins at the guidance midpoint; all Q4 and subsequent annual extrapolation is DR estimation.", "source": "q2-results"}, {"input": "Operating scenarios", "classification": "Dilikoğlu Research estimate", "treatment": "Q3 product mix held at reported Q2 proportions. FY28–FY32 group growth fades linearly between stated endpoints. Gross margin and operating expenses are forecast separately, then transition to mature returns through FY36. Failure is a severe demand and counterparty shock, not an asserted default probability. Base Q4 GAAP opex is 8% above Q3 guidance; later opex growth and margin paths are DR estimates. Reported FY27 non-GAAP measures include SBC; the model retains future SBC as an expense. FY28 growth inputs refer to the annualized H2 FY27 run rate, not full-year FY27; both rates are disclosed in forecast exports.", "source": "q2-call"}, {"input": "Cash and capital requirements", "classification": "Dilikoğlu Research estimate", "treatment": "Opening working capital starts from reported receivables, inventory, payables, prepaid assets, specified accruals and deferred revenue. Residual other assets exclude locked equities and derivative assets, then use an 80% operating fraction; other accruals use 80%. Opening derived asset/liability ratios anchor forecast balances. Deferred revenue additions and release reconcile separately; only the change in its liability enters FCFF. Supply commitments set procurement floors, with impairment on excess inventory. Physical assets use five-year lives; reported finite amortization is separate. Opening physical depreciation is anchored to reported Q2 D&A less amortization, annualized, and capped by opening PPE. New assets use five-year lives. Procurement consumption excludes estimated noncash COGS; 20% of physical depreciation is allocated to COGS, SBC in COGS uses its reported Q2 revenue ratio, and component purchases represent 90% of cash COGS. These cost allocations are DR estimates, with 80–100% component-share sensitivities.", "source": "q2-10q"}, {"input": "Security claims and strategic exposure", "classification": "Dilikoğlu Research estimate", "treatment": "Cash and debt securities less principal debt and an operating reserve; separate recovery/tax haircuts for equity investments. Scheduled future equity purchases incur a loss haircut; cash funding includes their full cost. Guarantees are stressed at scenario-specific loss fractions, paid at year 3.5. Existing award shares included once; future SBC stays expensed. Locked public equities are included with the public recovery haircut. Opening current tax and license payables are deducted as separate claims and paid in H2; uncertain-tax settlement fractions are DR estimates. Remaining SBC includes ESPP; 90% is allocated to existing share awards, with 10% retained as an economic expense.", "source": "q2-10q"}, {"input": "Discount rate and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Primary FCFF DCF discounted to the last balance-sheet date. FY36 operating earnings support a separate exit EV/EBIT cross-check, never blended. No output targets or automatic multiple matching to the market.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "20,000 reproducible draws from scenario priors. Shared demand and execution shocks affect growth, margins, working capital, investments and partner losses; discount rates co-move inversely. Dispersion is judgment, not statistical confidence.", "source": "q2-call"}], "model_provenance": {"command": "node scripts/build_nvda.cjs", "input_sha256": "1e586fa9e2988b4bb17e0868640d6adfdf4278b90fa5056418aa5347839e17c0"}}, "new_value": {"model_sources": [{"id": "q2-10q", "title": "FY2027 Q2 Form 10-Q", "date": "2026-08-27", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf"}, {"id": "q2-results", "title": "FY2027 Q2 results and Q3 outlook", "date": "2026-08-26", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027"}, {"id": "q2-call", "title": "FY2027 Q2 earnings call transcript", "date": "2026-08-26", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY2027 Q2 Form 10-Q", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "date": "2026-08-27", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 results and Q3 outlook", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 earnings call transcript", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}], "lineage": [{"input": "Historical financial anchors and debt", "classification": "Reported", "treatment": "FY27 Q2 statements and notes, in USD bn. Revenue uses recast market-platform presentation. Debt principal reconciles to carrying value plus unamortized issuance costs. No equity investment gains in EBIT.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 revenue, gross margin and GAAP opex; full-year tax range. Base begins at the guidance midpoint; all Q4 and subsequent annual extrapolation is DR estimation.", "source": "q2-results"}, {"input": "Operating scenarios", "classification": "Dilikoğlu Research estimate", "treatment": "Q3 product mix held at reported Q2 proportions. FY28–FY32 group growth fades linearly between stated endpoints. Gross margin and operating expenses are forecast separately, then transition to mature returns through FY36. Failure is a severe demand and counterparty shock, not an asserted default probability. Base Q4 GAAP opex is 8% above Q3 guidance; later opex growth and margin paths are DR estimates. Reported FY27 non-GAAP measures include SBC; the model retains future SBC as an expense. FY28 growth inputs refer to the annualized H2 FY27 run rate, not full-year FY27; both rates are disclosed in forecast exports.", "source": "q2-call"}, {"input": "Cash and capital requirements", "classification": "Dilikoğlu Research estimate", "treatment": "Opening working capital starts from reported receivables, inventory, payables, prepaid assets, specified accruals and deferred revenue. Residual other assets exclude locked equities and derivative assets, then use an 80% operating fraction; other accruals use 80%. Opening derived asset/liability ratios anchor forecast balances. Deferred revenue additions and release reconcile separately; only the change in its liability enters FCFF. Supply commitments set procurement floors, with impairment on excess inventory. Physical assets use five-year lives; reported finite amortization is separate. Opening physical depreciation is anchored to reported Q2 D&A less amortization, annualized, and capped by opening PPE. New assets use five-year lives. Procurement consumption excludes estimated noncash COGS; 20% of physical depreciation is allocated to COGS, SBC in COGS uses its reported Q2 revenue ratio, and component purchases represent 90% of cash COGS. These cost allocations are DR estimates, with 80–100% component-share sensitivities.", "source": "q2-10q"}, {"input": "Security claims and strategic exposure", "classification": "Dilikoğlu Research estimate", "treatment": "Cash and debt securities less principal debt and an operating reserve; separate recovery/tax haircuts for equity investments. Scheduled future equity purchases incur a loss haircut; cash funding includes their full cost. Guarantees are stressed at scenario-specific loss fractions, paid at year 3.5. Existing award shares included once; future SBC stays expensed. Locked public equities are included with the public recovery haircut. Opening current tax and license payables are deducted as separate claims and paid in H2; uncertain-tax settlement fractions are DR estimates. Remaining SBC includes ESPP; 90% is allocated to existing share awards, with 10% retained as an economic expense.", "source": "q2-10q"}, {"input": "Discount rate and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Primary FCFF DCF discounted to the last balance-sheet date. FY36 operating earnings support a separate exit EV/EBIT cross-check, never blended. No output targets or automatic multiple matching to the market.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "20,000 reproducible draws from scenario priors. Shared demand and execution shocks affect growth, margins, working capital, investments and partner losses; discount rates co-move inversely. Dispersion is judgment, not statistical confidence.", "source": "q2-call"}], "model_provenance": {"command": "node scripts/build_nvda.cjs", "input_sha256": "1e586fa9e2988b4bb17e0868640d6adfdf4278b90fa5056418aa5347839e17c0"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "NVDA", "company": "NVIDIA Corporation", "currency": "USD", "model_as_of": "2026-09-14", "valuation_date": "2026-07-26", "valuation_horizon": null, "reference_price": {"value": 218.29, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 302.15116405928717, "probability_weighted": 308.0230043137424, "scenarios": {"failure": {"fair_value": 8.017045944119577, "probability": 0.1}, "bear": {"fair_value": 75.85148855142342, "probability": 0.25}, "base": {"fair_value": 302.15116405928717, "probability": 0.45}, "bull": {"fair_value": 761.4520187739768, "probability": 0.2}}, "monte_carlo_median": 245.9521408101816, "method": "H2 FY27–FY36 FCFF DCF with a gradual terminal transition; exit EV/EBIT cross-check"}, "thesis": {"summary": "NVIDIA’s model tests whether compute-platform demand converts into durable cash returns after procurement, reinvestment and partner support. Revenue growth, margins and terminal returns are scenario estimates anchored to current filings and quarterly guidance.", "pillars": ["Hyperscale and AI Clouds / Industrial / Enterprise provide distinct demand channels within Data Center.", "Product transitions and the software ecosystem can support economics, but do not guarantee permanent margins.", "Working capital, strategic investments and partner exposure determine cash available to shareholders."], "risks": ["Custom silicon, competitive accelerators or customer spending slowdowns weaken pricing and growth.", "Procurement outruns deliveries, extending inventory and collection cycles.", "Cloud support, guarantees and private investment losses absorb cash."], "variant": "Assess cash conversion and sustainable returns alongside compute demand; exclude speculative investment gains from operating earnings."}, "governance": [{"signal": "Revenue execution", "trigger": "Two quarters below the lower end of issued guidance", "action": "Review customer-group demand and shift probability toward Bear."}, {"signal": "Margin durability", "trigger": "Gross margin below 65% for two quarters without a temporary transition explanation", "action": "Reassess pricing power, input costs and terminal returns."}, {"signal": "Cash conversion", "trigger": "Receivable days exceed 90 or procurement materially exceeds deliveries", "action": "Stress collection losses, inventory obsolescence and liquidity."}, {"signal": "Partner support", "trigger": "Guarantee calls, customer defaults or unrecoverable cloud commitments", "action": "Charge incremental losses and revisit investment recoveries."}, {"signal": "Competitive position", "trigger": "Custom silicon or alternative accelerators reduce comparable shipment economics", "action": "Reduce growth/margins; no assumed permanent market share."}, {"signal": "Capital intensity", "trigger": "Capex and supplier deposits persistently outgrow revenue", "action": "Increase reinvestment and reduce terminal ROIC."}], "sources": {"model_sources": [{"id": "q2-10q", "title": "FY2027 Q2 Form 10-Q", "date": "2026-08-27", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf"}, {"id": "q2-results", "title": "FY2027 Q2 results and Q3 outlook", "date": "2026-08-26", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027"}, {"id": "q2-call", "title": "FY2027 Q2 earnings call transcript", "date": "2026-08-26", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY2027 Q2 Form 10-Q", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "date": "2026-08-27", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 results and Q3 outlook", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 earnings call transcript", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}], "lineage": [{"input": "Historical financial anchors and debt", "classification": "Reported", "treatment": "FY27 Q2 statements and notes, in USD bn. Revenue uses recast market-platform presentation. Debt principal reconciles to carrying value plus unamortized issuance costs. No equity investment gains in EBIT.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 revenue, gross margin and GAAP opex; full-year tax range. Base begins at the guidance midpoint; all Q4 and subsequent annual extrapolation is DR estimation.", "source": "q2-results"}, {"input": "Operating scenarios", "classification": "Dilikoğlu Research estimate", "treatment": "Q3 product mix held at reported Q2 proportions. FY28–FY32 group growth fades linearly between stated endpoints. Gross margin and operating expenses are forecast separately, then transition to mature returns through FY36. Failure is a severe demand and counterparty shock, not an asserted default probability. Base Q4 GAAP opex is 8% above Q3 guidance; later opex growth and margin paths are DR estimates. Reported FY27 non-GAAP measures include SBC; the model retains future SBC as an expense. FY28 growth inputs refer to the annualized H2 FY27 run rate, not full-year FY27; both rates are disclosed in forecast exports.", "source": "q2-call"}, {"input": "Cash and capital requirements", "classification": "Dilikoğlu Research estimate", "treatment": "Opening working capital starts from reported receivables, inventory, payables, prepaid assets, specified accruals and deferred revenue. Residual other assets exclude locked equities and derivative assets, then use an 80% operating fraction; other accruals use 80%. Opening derived asset/liability ratios anchor forecast balances. Deferred revenue additions and release reconcile separately; only the change in its liability enters FCFF. Supply commitments set procurement floors, with impairment on excess inventory. Physical assets use five-year lives; reported finite amortization is separate. Opening physical depreciation is anchored to reported Q2 D&A less amortization, annualized, and capped by opening PPE. New assets use five-year lives. Procurement consumption excludes estimated noncash COGS; 20% of physical depreciation is allocated to COGS, SBC in COGS uses its reported Q2 revenue ratio, and component purchases represent 90% of cash COGS. These cost allocations are DR estimates, with 80–100% component-share sensitivities.", "source": "q2-10q"}, {"input": "Security claims and strategic exposure", "classification": "Dilikoğlu Research estimate", "treatment": "Cash and debt securities less principal debt and an operating reserve; separate recovery/tax haircuts for equity investments. Scheduled future equity purchases incur a loss haircut; cash funding includes their full cost. Guarantees are stressed at scenario-specific loss fractions, paid at year 3.5. Existing award shares included once; future SBC stays expensed. Locked public equities are included with the public recovery haircut. Opening current tax and license payables are deducted as separate claims and paid in H2; uncertain-tax settlement fractions are DR estimates. Remaining SBC includes ESPP; 90% is allocated to existing share awards, with 10% retained as an economic expense.", "source": "q2-10q"}, {"input": "Discount rate and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Primary FCFF DCF discounted to the last balance-sheet date. FY36 operating earnings support a separate exit EV/EBIT cross-check, never blended. No output targets or automatic multiple matching to the market.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "20,000 reproducible draws from scenario priors. Shared demand and execution shocks affect growth, margins, working capital, investments and partner losses; discount rates co-move inversely. Dispersion is judgment, not statistical confidence.", "source": "q2-call"}], "model_provenance": {"command": "node scripts/build_nvda.cjs", "input_sha256": "1e586fa9e2988b4bb17e0868640d6adfdf4278b90fa5056418aa5347839e17c0"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.q2Revenue", "value": 96.221, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Products.0", "value": 48.71, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Products.1", "value": 40.313, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Products.2", "value": 7.198, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1Revenue", "value": 177.837, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2GrossProfit", "value": 72.142, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Opex", "value": 8.408, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Ebit", "value": 63.734, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Cfo", "value": 24.077, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1Cfo", "value": 74.421, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Capex", "value": 2.677, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Da", "value": 1.127, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Sbc", "value": 2.027, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cash", "value": 22.443, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.debtSecurities", "value": 34.143, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.marketableEquity", "value": 42.783, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.privateEquity", "value": 51.157, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.receivables", "value": 63.059, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.inventory", "value": 31.575, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.payables", "value": 15.059, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.debtPrincipal", "value": 33.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.debtCarrying", "value": 33.366, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ordinaryShares", "value": 24.147, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.outstandingAwards", "value": 0.168, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.unrecognizedSbc", "value": 19.4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.awardExpenseYears", "value": 2.6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ppe", "value": 14.285, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.guaranteeExposure", "value": 108.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.0", "value": 92, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.1", "value": 87, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.2", "value": 88, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.3", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.4", "value": 5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.5", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.0", "value": 18, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.1", "value": 3, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.2", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.3", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.0", "value": 7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.1", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.2", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.3", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.0", "value": 3, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.1", "value": 8, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.2", "value": 7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.3", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.4", "value": 4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.5", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.0", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.1", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.2", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.3", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.4", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.5", "value": 20, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.0", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.1", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.2", "value": 8, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.3", "value": 7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.4", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.5", "value": 9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.0", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.1", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.2", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.3", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.4", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.5", "value": 17, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.lockedPublicEquity", "value": 4.957, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.equityDerivativeAssets", "value": 0.824, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.otherAssets", "value": 15.746, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.prepaidCurrentAssets", "value": 3.409, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.customerProgramAccruals", "value": 7.391, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.warrantyAccruals", "value": 2.938, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.payrollAccruals", "value": 1.206, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.otherCurrentAccruals", "value": 2.479, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.deferredRevenue", "value": 6.412, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1DeferredAdditions", "value": 17.709, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1DeferredRelease", "value": 13.869, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.openingH1DeferredRevenue", "value": 2.572, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.currentTaxesPayable", "value": 5.206, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.uncertainTaxLiabilities", "value": 5.602, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.licensePayable", "value": 0.986, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.intangibles", "value": 2.998, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 0.482, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 0.795, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 0.642, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 0.528, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 0.468, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 0.083, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.netIncome", "value": 118.01, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.sbc", "value": 3.954, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.da", "value": 2.124, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.deferredTax", "value": 0.982, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.investmentGains", "value": -23.707, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.otherNoncash", "value": 0.222, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.receivables", "value": -24.59, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.inventory", "value": -10.204, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.prepaids", "value": -6.48, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.payables", "value": 4.125, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.currentAccruals", "value": 8.015, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.longTermLiabilities", "value": 1.97, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Amortization", "value": 0.237, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2SbcCogs", "value": 0.071, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.0.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.0.coupon", "value": 0.032, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.0.time", "value": 0.1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.1.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.1.coupon", "value": 0.0425, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.1.time", "value": 1.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.2.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.2.coupon", "value": 0.0155, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.2.time", "value": 1.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.3.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.3.coupon", "value": 0.0435, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.3.time", "value": 2.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.4.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.4.coupon", "value": 0.0285, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.4.time", "value": 3.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.5.principal", "value": 4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.5.coupon", "value": 0.045, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.5.time", "value": 4.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.6.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.6.coupon", "value": 0.02, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.6.time", "value": 4.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.7.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.7.coupon", "value": 0.0475, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.7.time", "value": 6.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.8.principal", "value": 4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.8.coupon", "value": 0.0495, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.8.time", "value": 9.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.9.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.9.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.9.time", "value": 13.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.10.principal", "value": 3, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.10.coupon", "value": 0.0555, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.10.time", "value": 19.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.11.principal", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.11.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.11.time", "value": 23.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.12.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.12.coupon", "value": 0.05625, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.12.time", "value": 29.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.13.principal", "value": 0.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.13.coupon", "value": 0.037, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.13.time", "value": 33.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3Revenue", "value": 108, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3RevenueTolerance", "value": 0.02, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3GrossMargin", "value": 0.74, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3GrossMarginTolerance", "value": 0.005, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3GaapOpex", "value": 9.2, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.fy27TaxLow", "value": 0.16, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.fy27TaxHigh", "value": 0.18, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.reserve", "value": 15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4.012640449438202, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.existingAwardPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.investmentTaxHaircut", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.guaranteePaymentTime", "value": 3.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.q3GuidanceFactor", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.q4SequentialGrowth", "value": -0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy28Growth.0", "value": -0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy28Growth.1", "value": -0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy28Growth.2", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32Growth.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32Growth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32Growth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.h2GrossMargin", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32GrossMargin", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.h2OpexFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.opexGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.terminalEbitMargin", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 180, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.publicRecovery", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.privateRecovery", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.newInvestmentRecovery", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.guaranteeLossFraction", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.partnerSupportFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.deferredRevenueFactor", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.taxClaimSettlementFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.workingCapitalAssetFactor", "value": 1.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.q3GuidanceFactor", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.q4SequentialGrowth", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy28Growth.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy28Growth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy28Growth.2", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32Growth.0", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32Growth.1", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32Growth.2", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.h2GrossMargin", "value": 0.71, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32GrossMargin", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.h2OpexFactor", "value": 1.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.opexGrowth", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.terminalEbitMargin", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.032, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.publicRecovery", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.privateRecovery", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.newInvestmentRecovery", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.guaranteeLossFraction", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.partnerSupportFraction", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.deferredRevenueFactor", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.taxClaimSettlementFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.workingCapitalAssetFactor", "value": 1.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.q3GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.q4SequentialGrowth", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy28Growth.0", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy28Growth.1", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy28Growth.2", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32Growth.0", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32Growth.1", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32Growth.2", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.h2GrossMargin", "value": 0.74, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32GrossMargin", "value": 0.69, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.opexGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.terminalEbitMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.publicRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.privateRecovery", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.newInvestmentRecovery", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.guaranteeLossFraction", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.partnerSupportFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.deferredRevenueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.taxClaimSettlementFraction", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.q3GuidanceFactor", "value": 1.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.q4SequentialGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy28Growth.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy28Growth.1", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy28Growth.2", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32Growth.0", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32Growth.1", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32Growth.2", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.h2GrossMargin", "value": 0.745, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32GrossMargin", "value": 0.73, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.opexGrowth", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.terminalEbitMargin", "value": 0.59, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.085, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 90, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.publicRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.privateRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.newInvestmentRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.guaranteeLossFraction", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.partnerSupportFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.deferredRevenueFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.taxClaimSettlementFraction", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.q4OpexGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.otherAssetOperatingFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.otherAccrualOperatingFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.existingAwardExpenseFraction", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.amortizationOpexFraction", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.depreciationCogsFraction", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.componentShareOfCashCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.seed", "value": 20260914, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.annualGrowthSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.grossMarginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.opexSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.terminalMarginSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.investmentSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.guaranteeSigma", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.exitMultipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.terminalRoicSigma", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.deferredRevenueSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Historical financial anchors and debt", "classification": "Reported", "treatment": "FY27 Q2 statements and notes, in USD bn. Revenue uses recast market-platform presentation. Debt principal reconciles to carrying value plus unamortized issuance costs. No equity investment gains in EBIT.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 revenue, gross margin and GAAP opex; full-year tax range. Base begins at the guidance midpoint; all Q4 and subsequent annual extrapolation is DR estimation.", "source": "q2-results"}, {"input": "Operating scenarios", "classification": "Dilikoğlu Research estimate", "treatment": "Q3 product mix held at reported Q2 proportions. FY28–FY32 group growth fades linearly between stated endpoints. Gross margin and operating expenses are forecast separately, then transition to mature returns through FY36. Failure is a severe demand and counterparty shock, not an asserted default probability. Base Q4 GAAP opex is 8% above Q3 guidance; later opex growth and margin paths are DR estimates. Reported FY27 non-GAAP measures include SBC; the model retains future SBC as an expense. FY28 growth inputs refer to the annualized H2 FY27 run rate, not full-year FY27; both rates are disclosed in forecast exports.", "source": "q2-call"}, {"input": "Cash and capital requirements", "classification": "Dilikoğlu Research estimate", "treatment": "Opening working capital starts from reported receivables, inventory, payables, prepaid assets, specified accruals and deferred revenue. Residual other assets exclude locked equities and derivative assets, then use an 80% operating fraction; other accruals use 80%. Opening derived asset/liability ratios anchor forecast balances. Deferred revenue additions and release reconcile separately; only the change in its liability enters FCFF. Supply commitments set procurement floors, with impairment on excess inventory. Physical assets use five-year lives; reported finite amortization is separate. Opening physical depreciation is anchored to reported Q2 D&A less amortization, annualized, and capped by opening PPE. New assets use five-year lives. Procurement consumption excludes estimated noncash COGS; 20% of physical depreciation is allocated to COGS, SBC in COGS uses its reported Q2 revenue ratio, and component purchases represent 90% of cash COGS. These cost allocations are DR estimates, with 80–100% component-share sensitivities.", "source": "q2-10q"}, {"input": "Security claims and strategic exposure", "classification": "Dilikoğlu Research estimate", "treatment": "Cash and debt securities less principal debt and an operating reserve; separate recovery/tax haircuts for equity investments. Scheduled future equity purchases incur a loss haircut; cash funding includes their full cost. Guarantees are stressed at scenario-specific loss fractions, paid at year 3.5. Existing award shares included once; future SBC stays expensed. Locked public equities are included with the public recovery haircut. Opening current tax and license payables are deducted as separate claims and paid in H2; uncertain-tax settlement fractions are DR estimates. Remaining SBC includes ESPP; 90% is allocated to existing share awards, with 10% retained as an economic expense.", "source": "q2-10q"}, {"input": "Discount rate and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Primary FCFF DCF discounted to the last balance-sheet date. FY36 operating earnings support a separate exit EV/EBIT cross-check, never blended. No output targets or automatic multiple matching to the market.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "20,000 reproducible draws from scenario priors. Shared demand and execution shocks affect growth, margins, working capital, investments and partner losses; discount rates co-move inversely. Dispersion is judgment, not statistical confidence.", "source": "q2-call"}], "native_inputs_url": "https://dilikogluresearch.com/api/model/NVDA"}, "model_note": "DR scenario baseline using FY27 Q2 financials and Q3 guidance. Valuation date July 26, 2026; information reviewed September 14. Forecasts, terminal economics and partner losses remain estimates. No recommendation assigned.", "limitations": ["Customer-group revenue indexes are analyst forecasts, not reported physical GPU unit shipments or ASPs. No unsupported software or China premium.", "Contract schedules beyond FY31 aggregate later years; the model allocates those balances evenly through FY36. Exact payment dates and cancellation rights are not simulated.", "Supply commitments are minimum procurement in the cash model; excess procurement enters inventory and is exposed to impairment. Not all company commitments are noncancelable.", "Operating leases and cloud service use are contained in operating expenses. Partner support payments are separately stressed; no duplicate full contractual debt deduction.", "No automatic buyback accretion, speculative investment gains, acquisition premium or upfront subtraction of all gross guarantees.", "The cash schedule excludes discretionary dividends and repurchases. Negative cash is an unfunded-plan flag; extreme funding failure receives zero common recovery. No new financing is assumed.", "Terminal growth, ROIC and margins are DR estimates. Monte Carlo uses judgment-based correlated shocks, not empirically calibrated probabilities.", "The filing does not fully disaggregate other operating assets/accruals or the ESPP share of unrecognized SBC. The model uses disclosed 80% residual operating fractions and 90% existing-award expense allocation, with sensitivities. Acquisition-related amortization is estimated 90% in opex; remaining expense is in cost of revenue.", "The company does not disclose a complete purchased-component cost ledger. Procurement modeling estimates the portion of cash COGS that consumes supply commitments; it is not a reported cash-purchases forecast."], "links": {"coverage": "https://dilikogluresearch.com/coverage/nvda", "model": "https://dilikogluresearch.com/nvda_model", "native_model": "https://dilikogluresearch.com/api/model/NVDA", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=NVDA"}, "model_version": "fa21bbe1eb200cf87fe048ec2ee8ac8208ba9e044c5deff452315ff10cb7f0ce"}}, {"id": "53ff10ef3bc8d3208da76cdfd2ef308406067c8eaea394e7d4a694679aed8960", "ticker": "MU", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "358f6b827cc5afcb122ee9400527044949d23a43eb9000112169d7606fae4a38", "research_version": "8bbaccd47d5354bbebbe538a568c7f9a8622fbf23163886f8c355a1d16712363", "changes": [{"field": "publication_status", "old_value": "reviewed_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [{"id": "q3-release", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24"}, {"id": "q3-10q", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25"}, {"id": "q3-remarks", "url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24"}, {"id": "fy25-10k", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312525000028/mu-20250828.htm", "title": "FY25 Form 10-K: three-year GAAP cycle history", "date": "2025-10-03"}, {"id": "us-supply-chain", "date": "2026-07-09", "title": "US ecosystem investment envelope", "url": "https://investors.micron.com/news/press-release/2026/Micron-Announces-Up-to-3-Billion-Strategic-Investment-to-Strengthen-U-S--Semiconductor-Ecosystem/default.aspx"}, {"id": "us-expansion", "date": "2026-07-09", "title": "US expansion plan through 2035", "url": "https://investors.micron.com/news/press-release/2026/Micron-Accelerates-U-S--Investments-Pours-First-Concrete-at-New-York-Fab/default.aspx"}, {"id": "anthropic", "date": "2026-06-22", "title": "Anthropic agreement and investment", "url": "https://investors.micron.com/news/press-release/2026/Micron-and-Anthropic-Announce-Strategic-Agreement-to-Scale-Next-Generation-AI-Infrastructure/default.aspx"}, {"id": "next-results", "date": "2026-08-26", "title": "FY26 Q4 reporting scheduled September 30", "url": "https://investors.micron.com/news/press-release/2026/Micron-Technology-to-Report-Fiscal-Fourth-Quarter-Results-on-September-30-2026/default.aspx"}], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24", "category": "Company Materials", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}], "lineage": [{"input": "Reported technology revenue and balance-sheet balances", "classification": "Reported", "source": "q3-10q", "treatment": "USD billions; HBM included in DRAM. Calculated dilution and non-operating-claim treatments are separately labeled estimates."}, {"input": "Q3 P&L, cash flow and capex", "classification": "Reported", "source": "q3-release", "treatment": "Gross capex, asset sales and incentives kept separate; restricted cash excluded."}, {"input": "FY26 Q4 revenue, gross margin and operating expenses", "classification": "Management guidance-commentary", "source": "q3-release", "treatment": "Guidance midpoint, not actual results. Used only for estimated opening FY27 cash bridge."}, {"input": "HBM Q3 allocation: $6bn", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Illustrative $4–8bn sensitivity within reported DRAM; standalone HBM total not established by reviewed disclosures. Remaining DRAM is residual, never additive."}, {"input": "Q4 D&A, capex/incentives, tax, working capital and dividend", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 D&A scales Q3 by 14/13 weeks; 15% tax follows management outlook. Cash capex/incentives and working-capital days are estimates. No interest income or deposit windfall is added to enterprise FCFF."}, {"input": "WACC, terminal growth/ROIC/margin, scenario priors and normalized EV/NOPAT multiple", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "DCF primary; terminal reinvestment = NOPAT × growth / ROIC. Earnings cross-check separate and not blended."}, {"input": "Customer deposits and tax payables", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported deposit and tax balances are financing-like claims in the research cash bridge. Tax receivables offset existing tax liabilities; no future deposit receipts create equity value."}, {"input": "Monte Carlo distributions and correlations", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "20,000 seeded scenario-mixture draws. Shared cycle shock links ASP, margins, capex and discount rate; HBM execution partially correlated. Judgment-based, not calibrated probabilities."}, {"input": "Ordinary shares and award claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported June ordinary shares plus 17m quarterly dilution proxy. Reviewed approximation, not exact period-end award count; 7–27m incremental-share sensitivity is disclosed. Future SBC remains expensed without cash add-back; no buyback benefit assumed."}, {"input": "Liquidity stress and minimum cash", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Annual adjusted net cash accumulates FCFF less $0.688bn dividends. $5bn minimum reserve; no new borrowing, deposits or buybacks. Funding gap is a diagnostic, not an assumed financing commitment or extra DCF deduction."}, {"input": "Historical gross margins", "classification": "Reported", "source": "fy25-10k", "treatment": "FY23–25 revenue and gross profit; margins calculated. History is cycle context, not a statistical estimate of future probabilities."}, {"input": "Product cost allocation and inflation", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Allocate Q3 COGS less estimated manufacturing depreciation (90% of reported total D&A) by product weights. Forecast cash costs include SBC; separate asset-based depreciation is added once. FY27 startup cost premiums fade with node productivity: Base HBM/DRAM/NAND annual cash-cost changes 0/-3/-4%. Fixed cash-cost share 50%. These are DR estimates, not reported product costs."}, {"input": "Indexed manufacturing capacity", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "HBM revenue is translated to relative DRAM bits using a 5x price premium and 3x wafer trade ratio. Shared DRAM capacity limits HBM and conventional DRAM together, with a separate packaging ceiling and NAND ceiling. Annual node productivity and capacity growth are explicit. No absolute wafer starts or guaranteed fab output claimed."}, {"input": "Terminal product margins", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Base HBM/DRAM/NAND margins 50/40/35%; other uses conventional DRAM margin. Weighted by final forecast product mix. FY25 consolidated margin was approximately 40%; HBM premium and continued structural improvement are assumptions. Terminal margin cannot exceed final explicit-year margin. No perpetual peak-margin extrapolation."}, {"input": "Operating working capital and existing tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Opening NWC uses trade receivables only, inventory, trade payables and operating accruals. Incentive receipts run through the cash-incentive forecast, with no separate receivable value. Current/noncurrent tax claims are net of tax receivables. Capital payables settle within cash capex. Q4 run rates use its 14-week duration."}, {"input": "Capex and other forecast assumptions", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Capital floors remain $40/42/44/48bn in FY27. Global physical capex incorporates US expansion, not an additional $250bn lump sum. Opex floor is FY26 nine-month GAAP opex plus Q4 guidance plus $1bn, grown 5% annually. Cash-to-asset additions use a disclosed flat capital-payables/incentive-accrual proxy."}, {"input": "Depreciation and asset roll-forward", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Straight-line 7-year equipment and 20-year building lives; commissioning lags 1/2 years and 55% construction share. Legacy net assets depreciate at annualized Q3 D&A until exhausted. Land is not depreciated. New depreciation is independent of ASP and stops at depreciable basis."}, {"input": "Trade receivables, asset book values and Q3 D&A", "classification": "Reported", "source": "q3-10q", "treatment": "Notes 5, 7 and 17 anchor operating working capital and the estimated asset schedule."}, {"input": "Post-May strategic investments and other uses", "classification": "Dilikoğlu Research estimate", "source": "us-supply-chain", "treatment": "Reserve $4bn cash: full $3bn announced ecosystem envelope plus $1bn illustrative allowance for undisclosed Anthropic investment. Recover 50% in non-operating equity value; also reserve $0.25bn other spending. No valuation premium. Show zero-to-$8bn cash / 0–100% recovery stress; this is not an assertion of actual disbursements."}, {"input": "Pricing, volume and probabilities — review disposition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 demand/ASP scenarios are retained. After FY27, annual ASP changes are Failure -18/-25/-25%, Bear -15/-22/-22%, Base -12/-18/-18%, Bull -8/-12/-12% for HBM/DRAM/NAND. DR estimates impose cycle normalization before the terminal year rather than use permanent compound cost inflation. No company-wide contract floor is invented."}, {"input": "Explicit cycle-to-terminal transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Five operating years FY27–FY31 followed by five transition years FY32–FY36. Revenue growth and gross margin converge gradually from achieved FY31 levels to the existing scenario terminal assumptions; the normalized gross-margin cap is retained. The commissioned-asset depreciation ledger continues throughout. Net capital spending transitions from FY31 intensity to depreciation plus NOPAT × growth / ROIC less incremental operating working capital. Incentives phase out. Terminal FCFF matches the last transition year grown at the terminal rate. This timing is a DR estimate, not Micron guidance; no upward margin or price revision is made simply to match market value."}, {"input": "Pace of price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Management expects DRAM/NAND tightness beyond calendar 2027. Base/Bull apply 50% of the annual normalization rate in FY28, 75% in FY29 and 100% in FY30–31; Failure/Bear retain full-rate normalization from FY28. The staged timing is a DR estimate, not price guidance or a contractual floor. Long-run margins, volume constraints, capital floors and scenario probabilities are unchanged."}, {"input": "Base quarterly-guidance planning anchors", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 revenue $50bn and GAAP gross margin 86% remain guidance only for Q4. Base FY27 uses 86% as an annual planning anchor, with a fixed implied cash-cost efficiency factor carried through the product cost curve. FY27 opex $7.728bn equals FY26 nine-month GAAP opex $4.868bn plus Q4 GAAP outlook $1.86bn plus management FY27 increase of about $1bn; this assumes a stable non-GAAP-to-GAAP adjustment burden. The FY27 opex amount includes depreciation and SBC. Later opex is the greater of this revenue ratio or a 5%-growing floor. FY27 net capex exceeds $40bn, consistent with quarterly spending above Q4’s $10bn. These are disclosed annual DR extrapolations, not new annual revenue/margin guidance."}, {"input": "Base tax-rate transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 uses Q4/FY26 guided tax rate of 15% as a DR planning anchor; subsequent years retain the 18% normalized rate. Management has not provided that full annual tax path."}, {"input": "Approved Base price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Base full annual price declines are 6% HBM and 10% other DRAM/NAND. Existing phase-in remains: half-rate FY28, three-quarter-rate FY29, full-rate FY30–31. This is an aggregate DR pricing estimate informed by supply tightness and customer agreements, not a disclosed contractual floor. Other scenarios and probabilities are unchanged."}], "model_provenance": {"command": "node scripts/build_mu.cjs", "input_sha256": "09e8e575cc65c9787fd244911f4f289525a0ad4d72937aec58d839260dda7b21"}}, "new_value": {"model_sources": [{"id": "q3-release", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24"}, {"id": "q3-10q", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25"}, {"id": "q3-remarks", "url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24"}, {"id": "fy25-10k", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312525000028/mu-20250828.htm", "title": "FY25 Form 10-K: three-year GAAP cycle history", "date": "2025-10-03"}, {"id": "us-supply-chain", "date": "2026-07-09", "title": "US ecosystem investment envelope", "url": "https://investors.micron.com/news/press-release/2026/Micron-Announces-Up-to-3-Billion-Strategic-Investment-to-Strengthen-U-S--Semiconductor-Ecosystem/default.aspx"}, {"id": "us-expansion", "date": "2026-07-09", "title": "US expansion plan through 2035", "url": "https://investors.micron.com/news/press-release/2026/Micron-Accelerates-U-S--Investments-Pours-First-Concrete-at-New-York-Fab/default.aspx"}, {"id": "anthropic", "date": "2026-06-22", "title": "Anthropic agreement and investment", "url": "https://investors.micron.com/news/press-release/2026/Micron-and-Anthropic-Announce-Strategic-Agreement-to-Scale-Next-Generation-AI-Infrastructure/default.aspx"}, {"id": "next-results", "date": "2026-08-26", "title": "FY26 Q4 reporting scheduled September 30", "url": "https://investors.micron.com/news/press-release/2026/Micron-Technology-to-Report-Fiscal-Fourth-Quarter-Results-on-September-30-2026/default.aspx"}], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24", "category": "Company Materials", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}], "lineage": [{"input": "Reported technology revenue and balance-sheet balances", "classification": "Reported", "source": "q3-10q", "treatment": "USD billions; HBM included in DRAM. Calculated dilution and non-operating-claim treatments are separately labeled estimates."}, {"input": "Q3 P&L, cash flow and capex", "classification": "Reported", "source": "q3-release", "treatment": "Gross capex, asset sales and incentives kept separate; restricted cash excluded."}, {"input": "FY26 Q4 revenue, gross margin and operating expenses", "classification": "Management guidance-commentary", "source": "q3-release", "treatment": "Guidance midpoint, not actual results. Used only for estimated opening FY27 cash bridge."}, {"input": "HBM Q3 allocation: $6bn", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Illustrative $4–8bn sensitivity within reported DRAM; standalone HBM total not established by reviewed disclosures. Remaining DRAM is residual, never additive."}, {"input": "Q4 D&A, capex/incentives, tax, working capital and dividend", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 D&A scales Q3 by 14/13 weeks; 15% tax follows management outlook. Cash capex/incentives and working-capital days are estimates. No interest income or deposit windfall is added to enterprise FCFF."}, {"input": "WACC, terminal growth/ROIC/margin, scenario priors and normalized EV/NOPAT multiple", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "DCF primary; terminal reinvestment = NOPAT × growth / ROIC. Earnings cross-check separate and not blended."}, {"input": "Customer deposits and tax payables", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported deposit and tax balances are financing-like claims in the research cash bridge. Tax receivables offset existing tax liabilities; no future deposit receipts create equity value."}, {"input": "Monte Carlo distributions and correlations", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "20,000 seeded scenario-mixture draws. Shared cycle shock links ASP, margins, capex and discount rate; HBM execution partially correlated. Judgment-based, not calibrated probabilities."}, {"input": "Ordinary shares and award claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported June ordinary shares plus 17m quarterly dilution proxy. Reviewed approximation, not exact period-end award count; 7–27m incremental-share sensitivity is disclosed. Future SBC remains expensed without cash add-back; no buyback benefit assumed."}, {"input": "Liquidity stress and minimum cash", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Annual adjusted net cash accumulates FCFF less $0.688bn dividends. $5bn minimum reserve; no new borrowing, deposits or buybacks. Funding gap is a diagnostic, not an assumed financing commitment or extra DCF deduction."}, {"input": "Historical gross margins", "classification": "Reported", "source": "fy25-10k", "treatment": "FY23–25 revenue and gross profit; margins calculated. History is cycle context, not a statistical estimate of future probabilities."}, {"input": "Product cost allocation and inflation", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Allocate Q3 COGS less estimated manufacturing depreciation (90% of reported total D&A) by product weights. Forecast cash costs include SBC; separate asset-based depreciation is added once. FY27 startup cost premiums fade with node productivity: Base HBM/DRAM/NAND annual cash-cost changes 0/-3/-4%. Fixed cash-cost share 50%. These are DR estimates, not reported product costs."}, {"input": "Indexed manufacturing capacity", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "HBM revenue is translated to relative DRAM bits using a 5x price premium and 3x wafer trade ratio. Shared DRAM capacity limits HBM and conventional DRAM together, with a separate packaging ceiling and NAND ceiling. Annual node productivity and capacity growth are explicit. No absolute wafer starts or guaranteed fab output claimed."}, {"input": "Terminal product margins", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Base HBM/DRAM/NAND margins 50/40/35%; other uses conventional DRAM margin. Weighted by final forecast product mix. FY25 consolidated margin was approximately 40%; HBM premium and continued structural improvement are assumptions. Terminal margin cannot exceed final explicit-year margin. No perpetual peak-margin extrapolation."}, {"input": "Operating working capital and existing tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Opening NWC uses trade receivables only, inventory, trade payables and operating accruals. Incentive receipts run through the cash-incentive forecast, with no separate receivable value. Current/noncurrent tax claims are net of tax receivables. Capital payables settle within cash capex. Q4 run rates use its 14-week duration."}, {"input": "Capex and other forecast assumptions", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Capital floors remain $40/42/44/48bn in FY27. Global physical capex incorporates US expansion, not an additional $250bn lump sum. Opex floor is FY26 nine-month GAAP opex plus Q4 guidance plus $1bn, grown 5% annually. Cash-to-asset additions use a disclosed flat capital-payables/incentive-accrual proxy."}, {"input": "Depreciation and asset roll-forward", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Straight-line 7-year equipment and 20-year building lives; commissioning lags 1/2 years and 55% construction share. Legacy net assets depreciate at annualized Q3 D&A until exhausted. Land is not depreciated. New depreciation is independent of ASP and stops at depreciable basis."}, {"input": "Trade receivables, asset book values and Q3 D&A", "classification": "Reported", "source": "q3-10q", "treatment": "Notes 5, 7 and 17 anchor operating working capital and the estimated asset schedule."}, {"input": "Post-May strategic investments and other uses", "classification": "Dilikoğlu Research estimate", "source": "us-supply-chain", "treatment": "Reserve $4bn cash: full $3bn announced ecosystem envelope plus $1bn illustrative allowance for undisclosed Anthropic investment. Recover 50% in non-operating equity value; also reserve $0.25bn other spending. No valuation premium. Show zero-to-$8bn cash / 0–100% recovery stress; this is not an assertion of actual disbursements."}, {"input": "Pricing, volume and probabilities — review disposition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 demand/ASP scenarios are retained. After FY27, annual ASP changes are Failure -18/-25/-25%, Bear -15/-22/-22%, Base -12/-18/-18%, Bull -8/-12/-12% for HBM/DRAM/NAND. DR estimates impose cycle normalization before the terminal year rather than use permanent compound cost inflation. No company-wide contract floor is invented."}, {"input": "Explicit cycle-to-terminal transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Five operating years FY27–FY31 followed by five transition years FY32–FY36. Revenue growth and gross margin converge gradually from achieved FY31 levels to the existing scenario terminal assumptions; the normalized gross-margin cap is retained. The commissioned-asset depreciation ledger continues throughout. Net capital spending transitions from FY31 intensity to depreciation plus NOPAT × growth / ROIC less incremental operating working capital. Incentives phase out. Terminal FCFF matches the last transition year grown at the terminal rate. This timing is a DR estimate, not Micron guidance; no upward margin or price revision is made simply to match market value."}, {"input": "Pace of price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Management expects DRAM/NAND tightness beyond calendar 2027. Base/Bull apply 50% of the annual normalization rate in FY28, 75% in FY29 and 100% in FY30–31; Failure/Bear retain full-rate normalization from FY28. The staged timing is a DR estimate, not price guidance or a contractual floor. Long-run margins, volume constraints, capital floors and scenario probabilities are unchanged."}, {"input": "Base quarterly-guidance planning anchors", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 revenue $50bn and GAAP gross margin 86% remain guidance only for Q4. Base FY27 uses 86% as an annual planning anchor, with a fixed implied cash-cost efficiency factor carried through the product cost curve. FY27 opex $7.728bn equals FY26 nine-month GAAP opex $4.868bn plus Q4 GAAP outlook $1.86bn plus management FY27 increase of about $1bn; this assumes a stable non-GAAP-to-GAAP adjustment burden. The FY27 opex amount includes depreciation and SBC. Later opex is the greater of this revenue ratio or a 5%-growing floor. FY27 net capex exceeds $40bn, consistent with quarterly spending above Q4’s $10bn. These are disclosed annual DR extrapolations, not new annual revenue/margin guidance."}, {"input": "Base tax-rate transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 uses Q4/FY26 guided tax rate of 15% as a DR planning anchor; subsequent years retain the 18% normalized rate. Management has not provided that full annual tax path."}, {"input": "Approved Base price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Base full annual price declines are 6% HBM and 10% other DRAM/NAND. Existing phase-in remains: half-rate FY28, three-quarter-rate FY29, full-rate FY30–31. This is an aggregate DR pricing estimate informed by supply tightness and customer agreements, not a disclosed contractual floor. Other scenarios and probabilities are unchanged."}], "model_provenance": {"command": "node scripts/build_mu.cjs", "input_sha256": "09e8e575cc65c9787fd244911f4f289525a0ad4d72937aec58d839260dda7b21"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "MU", "company": "Micron Technology", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 975.26, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 1055.7066528076512, "probability_weighted": 983.5459374212963, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 286.81589224792646, "probability": 0.25}, "base": {"fair_value": 1055.7066528076512, "probability": 0.45}, "bull": {"fair_value": 2183.8698529793583, "probability": 0.2}}, "monte_carlo_median": 920.7614682891483, "method": "FY27–FY36 FCFF DCF plus normalized earnings cross-check"}, "thesis": {"summary": "Micron’s opportunity is to convert AI-memory demand into durable cash returns. The model separates estimated HBM from other DRAM and NAND, while normalizing pricing and margins and deducting capital reinvestment. This reviewed scenario baseline discloses the estimates and sensitivities supporting valuation; it is not an investment recommendation.", "pillars": ["HBM growth can improve product mix, but remains part of total DRAM.", "Customer agreements provide visibility without eliminating price, delivery and concentration risk.", "Capital spending and working capital determine how much operating profit becomes equity value."], "risks": ["Memory pricing normalizes faster than modeled.", "HBM qualification, packaging yields or shipment growth disappoint.", "Sustained reinvestment and terminal assumptions dominate the DCF."], "variant": "Near-term scarcity margins are not a permanent terminal margin. Underwrite bit volume, pricing and reinvestment separately."}, "governance": [{"signal": "HBM execution", "review_trigger": "Shipments below the scenario volume plan or packaging ramp delayed by two quarters", "action": "Reassess shipment ceiling, mix and capex timing together."}, {"signal": "Pricing and costs", "review_trigger": "Realized ASP misses plan by 15% or gross margin misses by 5 percentage points for two quarters", "action": "Rebuild product cost assumptions; do not preserve margin independently of price."}, {"signal": "Capital returns", "review_trigger": "Net capex exceeds plan by 20% without higher output or contracted returns", "action": "Lower cash returns and review terminal ROIC."}, {"signal": "Liquidity / contracts", "review_trigger": "Adjusted liquidity below $5bn, material default or deposit refund acceleration", "action": "Explicitly underwrite financing and dilution before approval."}, {"signal": "Terminal economics", "review_trigger": "Terminal value exceeds 60% of enterprise value", "action": "Review terminal margin/WACC and zero-growth sensitivities. High terminal dependence is a disclosed valuation risk, not proof that a cash-flow model is invalid."}], "sources": {"model_sources": [{"id": "q3-release", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24"}, {"id": "q3-10q", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25"}, {"id": "q3-remarks", "url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24"}, {"id": "fy25-10k", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312525000028/mu-20250828.htm", "title": "FY25 Form 10-K: three-year GAAP cycle history", "date": "2025-10-03"}, {"id": "us-supply-chain", "date": "2026-07-09", "title": "US ecosystem investment envelope", "url": "https://investors.micron.com/news/press-release/2026/Micron-Announces-Up-to-3-Billion-Strategic-Investment-to-Strengthen-U-S--Semiconductor-Ecosystem/default.aspx"}, {"id": "us-expansion", "date": "2026-07-09", "title": "US expansion plan through 2035", "url": "https://investors.micron.com/news/press-release/2026/Micron-Accelerates-U-S--Investments-Pours-First-Concrete-at-New-York-Fab/default.aspx"}, {"id": "anthropic", "date": "2026-06-22", "title": "Anthropic agreement and investment", "url": "https://investors.micron.com/news/press-release/2026/Micron-and-Anthropic-Announce-Strategic-Agreement-to-Scale-Next-Generation-AI-Infrastructure/default.aspx"}, {"id": "next-results", "date": "2026-08-26", "title": "FY26 Q4 reporting scheduled September 30", "url": "https://investors.micron.com/news/press-release/2026/Micron-Technology-to-Report-Fiscal-Fourth-Quarter-Results-on-September-30-2026/default.aspx"}], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24", "category": "Company Materials", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}], "lineage": [{"input": "Reported technology revenue and balance-sheet balances", "classification": "Reported", "source": "q3-10q", "treatment": "USD billions; HBM included in DRAM. Calculated dilution and non-operating-claim treatments are separately labeled estimates."}, {"input": "Q3 P&L, cash flow and capex", "classification": "Reported", "source": "q3-release", "treatment": "Gross capex, asset sales and incentives kept separate; restricted cash excluded."}, {"input": "FY26 Q4 revenue, gross margin and operating expenses", "classification": "Management guidance-commentary", "source": "q3-release", "treatment": "Guidance midpoint, not actual results. Used only for estimated opening FY27 cash bridge."}, {"input": "HBM Q3 allocation: $6bn", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Illustrative $4–8bn sensitivity within reported DRAM; standalone HBM total not established by reviewed disclosures. Remaining DRAM is residual, never additive."}, {"input": "Q4 D&A, capex/incentives, tax, working capital and dividend", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 D&A scales Q3 by 14/13 weeks; 15% tax follows management outlook. Cash capex/incentives and working-capital days are estimates. No interest income or deposit windfall is added to enterprise FCFF."}, {"input": "WACC, terminal growth/ROIC/margin, scenario priors and normalized EV/NOPAT multiple", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "DCF primary; terminal reinvestment = NOPAT × growth / ROIC. Earnings cross-check separate and not blended."}, {"input": "Customer deposits and tax payables", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported deposit and tax balances are financing-like claims in the research cash bridge. Tax receivables offset existing tax liabilities; no future deposit receipts create equity value."}, {"input": "Monte Carlo distributions and correlations", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "20,000 seeded scenario-mixture draws. Shared cycle shock links ASP, margins, capex and discount rate; HBM execution partially correlated. Judgment-based, not calibrated probabilities."}, {"input": "Ordinary shares and award claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported June ordinary shares plus 17m quarterly dilution proxy. Reviewed approximation, not exact period-end award count; 7–27m incremental-share sensitivity is disclosed. Future SBC remains expensed without cash add-back; no buyback benefit assumed."}, {"input": "Liquidity stress and minimum cash", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Annual adjusted net cash accumulates FCFF less $0.688bn dividends. $5bn minimum reserve; no new borrowing, deposits or buybacks. Funding gap is a diagnostic, not an assumed financing commitment or extra DCF deduction."}, {"input": "Historical gross margins", "classification": "Reported", "source": "fy25-10k", "treatment": "FY23–25 revenue and gross profit; margins calculated. History is cycle context, not a statistical estimate of future probabilities."}, {"input": "Product cost allocation and inflation", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Allocate Q3 COGS less estimated manufacturing depreciation (90% of reported total D&A) by product weights. Forecast cash costs include SBC; separate asset-based depreciation is added once. FY27 startup cost premiums fade with node productivity: Base HBM/DRAM/NAND annual cash-cost changes 0/-3/-4%. Fixed cash-cost share 50%. These are DR estimates, not reported product costs."}, {"input": "Indexed manufacturing capacity", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "HBM revenue is translated to relative DRAM bits using a 5x price premium and 3x wafer trade ratio. Shared DRAM capacity limits HBM and conventional DRAM together, with a separate packaging ceiling and NAND ceiling. Annual node productivity and capacity growth are explicit. No absolute wafer starts or guaranteed fab output claimed."}, {"input": "Terminal product margins", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Base HBM/DRAM/NAND margins 50/40/35%; other uses conventional DRAM margin. Weighted by final forecast product mix. FY25 consolidated margin was approximately 40%; HBM premium and continued structural improvement are assumptions. Terminal margin cannot exceed final explicit-year margin. No perpetual peak-margin extrapolation."}, {"input": "Operating working capital and existing tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Opening NWC uses trade receivables only, inventory, trade payables and operating accruals. Incentive receipts run through the cash-incentive forecast, with no separate receivable value. Current/noncurrent tax claims are net of tax receivables. Capital payables settle within cash capex. Q4 run rates use its 14-week duration."}, {"input": "Capex and other forecast assumptions", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Capital floors remain $40/42/44/48bn in FY27. Global physical capex incorporates US expansion, not an additional $250bn lump sum. Opex floor is FY26 nine-month GAAP opex plus Q4 guidance plus $1bn, grown 5% annually. Cash-to-asset additions use a disclosed flat capital-payables/incentive-accrual proxy."}, {"input": "Depreciation and asset roll-forward", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Straight-line 7-year equipment and 20-year building lives; commissioning lags 1/2 years and 55% construction share. Legacy net assets depreciate at annualized Q3 D&A until exhausted. Land is not depreciated. New depreciation is independent of ASP and stops at depreciable basis."}, {"input": "Trade receivables, asset book values and Q3 D&A", "classification": "Reported", "source": "q3-10q", "treatment": "Notes 5, 7 and 17 anchor operating working capital and the estimated asset schedule."}, {"input": "Post-May strategic investments and other uses", "classification": "Dilikoğlu Research estimate", "source": "us-supply-chain", "treatment": "Reserve $4bn cash: full $3bn announced ecosystem envelope plus $1bn illustrative allowance for undisclosed Anthropic investment. Recover 50% in non-operating equity value; also reserve $0.25bn other spending. No valuation premium. Show zero-to-$8bn cash / 0–100% recovery stress; this is not an assertion of actual disbursements."}, {"input": "Pricing, volume and probabilities — review disposition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 demand/ASP scenarios are retained. After FY27, annual ASP changes are Failure -18/-25/-25%, Bear -15/-22/-22%, Base -12/-18/-18%, Bull -8/-12/-12% for HBM/DRAM/NAND. DR estimates impose cycle normalization before the terminal year rather than use permanent compound cost inflation. No company-wide contract floor is invented."}, {"input": "Explicit cycle-to-terminal transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Five operating years FY27–FY31 followed by five transition years FY32–FY36. Revenue growth and gross margin converge gradually from achieved FY31 levels to the existing scenario terminal assumptions; the normalized gross-margin cap is retained. The commissioned-asset depreciation ledger continues throughout. Net capital spending transitions from FY31 intensity to depreciation plus NOPAT × growth / ROIC less incremental operating working capital. Incentives phase out. Terminal FCFF matches the last transition year grown at the terminal rate. This timing is a DR estimate, not Micron guidance; no upward margin or price revision is made simply to match market value."}, {"input": "Pace of price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Management expects DRAM/NAND tightness beyond calendar 2027. Base/Bull apply 50% of the annual normalization rate in FY28, 75% in FY29 and 100% in FY30–31; Failure/Bear retain full-rate normalization from FY28. The staged timing is a DR estimate, not price guidance or a contractual floor. Long-run margins, volume constraints, capital floors and scenario probabilities are unchanged."}, {"input": "Base quarterly-guidance planning anchors", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 revenue $50bn and GAAP gross margin 86% remain guidance only for Q4. Base FY27 uses 86% as an annual planning anchor, with a fixed implied cash-cost efficiency factor carried through the product cost curve. FY27 opex $7.728bn equals FY26 nine-month GAAP opex $4.868bn plus Q4 GAAP outlook $1.86bn plus management FY27 increase of about $1bn; this assumes a stable non-GAAP-to-GAAP adjustment burden. The FY27 opex amount includes depreciation and SBC. Later opex is the greater of this revenue ratio or a 5%-growing floor. FY27 net capex exceeds $40bn, consistent with quarterly spending above Q4’s $10bn. These are disclosed annual DR extrapolations, not new annual revenue/margin guidance."}, {"input": "Base tax-rate transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 uses Q4/FY26 guided tax rate of 15% as a DR planning anchor; subsequent years retain the 18% normalized rate. Management has not provided that full annual tax path."}, {"input": "Approved Base price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Base full annual price declines are 6% HBM and 10% other DRAM/NAND. Existing phase-in remains: half-rate FY28, three-quarter-rate FY29, full-rate FY30–31. This is an aggregate DR pricing estimate informed by supply tightness and customer agreements, not a disclosed contractual floor. Other scenarios and probabilities are unchanged."}], "model_provenance": {"command": "node scripts/build_mu.cjs", "input_sha256": "09e8e575cc65c9787fd244911f4f289525a0ad4d72937aec58d839260dda7b21"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Reported technology revenue and balance-sheet balances", "classification": "Reported", "source": "q3-10q", "treatment": "USD billions; HBM included in DRAM. Calculated dilution and non-operating-claim treatments are separately labeled estimates."}, {"input": "Q3 P&L, cash flow and capex", "classification": "Reported", "source": "q3-release", "treatment": "Gross capex, asset sales and incentives kept separate; restricted cash excluded."}, {"input": "FY26 Q4 revenue, gross margin and operating expenses", "classification": "Management guidance-commentary", "source": "q3-release", "treatment": "Guidance midpoint, not actual results. Used only for estimated opening FY27 cash bridge."}, {"input": "HBM Q3 allocation: $6bn", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Illustrative $4–8bn sensitivity within reported DRAM; standalone HBM total not established by reviewed disclosures. Remaining DRAM is residual, never additive."}, {"input": "Q4 D&A, capex/incentives, tax, working capital and dividend", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 D&A scales Q3 by 14/13 weeks; 15% tax follows management outlook. Cash capex/incentives and working-capital days are estimates. No interest income or deposit windfall is added to enterprise FCFF."}, {"input": "WACC, terminal growth/ROIC/margin, scenario priors and normalized EV/NOPAT multiple", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "DCF primary; terminal reinvestment = NOPAT × growth / ROIC. Earnings cross-check separate and not blended."}, {"input": "Customer deposits and tax payables", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported deposit and tax balances are financing-like claims in the research cash bridge. Tax receivables offset existing tax liabilities; no future deposit receipts create equity value."}, {"input": "Monte Carlo distributions and correlations", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "20,000 seeded scenario-mixture draws. Shared cycle shock links ASP, margins, capex and discount rate; HBM execution partially correlated. Judgment-based, not calibrated probabilities."}, {"input": "Ordinary shares and award claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported June ordinary shares plus 17m quarterly dilution proxy. Reviewed approximation, not exact period-end award count; 7–27m incremental-share sensitivity is disclosed. Future SBC remains expensed without cash add-back; no buyback benefit assumed."}, {"input": "Liquidity stress and minimum cash", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Annual adjusted net cash accumulates FCFF less $0.688bn dividends. $5bn minimum reserve; no new borrowing, deposits or buybacks. Funding gap is a diagnostic, not an assumed financing commitment or extra DCF deduction."}, {"input": "Historical gross margins", "classification": "Reported", "source": "fy25-10k", "treatment": "FY23–25 revenue and gross profit; margins calculated. History is cycle context, not a statistical estimate of future probabilities."}, {"input": "Product cost allocation and inflation", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Allocate Q3 COGS less estimated manufacturing depreciation (90% of reported total D&A) by product weights. Forecast cash costs include SBC; separate asset-based depreciation is added once. FY27 startup cost premiums fade with node productivity: Base HBM/DRAM/NAND annual cash-cost changes 0/-3/-4%. Fixed cash-cost share 50%. These are DR estimates, not reported product costs."}, {"input": "Indexed manufacturing capacity", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "HBM revenue is translated to relative DRAM bits using a 5x price premium and 3x wafer trade ratio. Shared DRAM capacity limits HBM and conventional DRAM together, with a separate packaging ceiling and NAND ceiling. Annual node productivity and capacity growth are explicit. No absolute wafer starts or guaranteed fab output claimed."}, {"input": "Terminal product margins", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Base HBM/DRAM/NAND margins 50/40/35%; other uses conventional DRAM margin. Weighted by final forecast product mix. FY25 consolidated margin was approximately 40%; HBM premium and continued structural improvement are assumptions. Terminal margin cannot exceed final explicit-year margin. No perpetual peak-margin extrapolation."}, {"input": "Operating working capital and existing tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Opening NWC uses trade receivables only, inventory, trade payables and operating accruals. Incentive receipts run through the cash-incentive forecast, with no separate receivable value. Current/noncurrent tax claims are net of tax receivables. Capital payables settle within cash capex. Q4 run rates use its 14-week duration."}, {"input": "Capex and other forecast assumptions", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Capital floors remain $40/42/44/48bn in FY27. Global physical capex incorporates US expansion, not an additional $250bn lump sum. Opex floor is FY26 nine-month GAAP opex plus Q4 guidance plus $1bn, grown 5% annually. Cash-to-asset additions use a disclosed flat capital-payables/incentive-accrual proxy."}, {"input": "Depreciation and asset roll-forward", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Straight-line 7-year equipment and 20-year building lives; commissioning lags 1/2 years and 55% construction share. Legacy net assets depreciate at annualized Q3 D&A until exhausted. Land is not depreciated. New depreciation is independent of ASP and stops at depreciable basis."}, {"input": "Trade receivables, asset book values and Q3 D&A", "classification": "Reported", "source": "q3-10q", "treatment": "Notes 5, 7 and 17 anchor operating working capital and the estimated asset schedule."}, {"input": "Post-May strategic investments and other uses", "classification": "Dilikoğlu Research estimate", "source": "us-supply-chain", "treatment": "Reserve $4bn cash: full $3bn announced ecosystem envelope plus $1bn illustrative allowance for undisclosed Anthropic investment. Recover 50% in non-operating equity value; also reserve $0.25bn other spending. No valuation premium. Show zero-to-$8bn cash / 0–100% recovery stress; this is not an assertion of actual disbursements."}, {"input": "Pricing, volume and probabilities — review disposition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 demand/ASP scenarios are retained. After FY27, annual ASP changes are Failure -18/-25/-25%, Bear -15/-22/-22%, Base -12/-18/-18%, Bull -8/-12/-12% for HBM/DRAM/NAND. DR estimates impose cycle normalization before the terminal year rather than use permanent compound cost inflation. No company-wide contract floor is invented."}, {"input": "Explicit cycle-to-terminal transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Five operating years FY27–FY31 followed by five transition years FY32–FY36. Revenue growth and gross margin converge gradually from achieved FY31 levels to the existing scenario terminal assumptions; the normalized gross-margin cap is retained. The commissioned-asset depreciation ledger continues throughout. Net capital spending transitions from FY31 intensity to depreciation plus NOPAT × growth / ROIC less incremental operating working capital. Incentives phase out. Terminal FCFF matches the last transition year grown at the terminal rate. This timing is a DR estimate, not Micron guidance; no upward margin or price revision is made simply to match market value."}, {"input": "Pace of price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Management expects DRAM/NAND tightness beyond calendar 2027. Base/Bull apply 50% of the annual normalization rate in FY28, 75% in FY29 and 100% in FY30–31; Failure/Bear retain full-rate normalization from FY28. The staged timing is a DR estimate, not price guidance or a contractual floor. Long-run margins, volume constraints, capital floors and scenario probabilities are unchanged."}, {"input": "Base quarterly-guidance planning anchors", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 revenue $50bn and GAAP gross margin 86% remain guidance only for Q4. Base FY27 uses 86% as an annual planning anchor, with a fixed implied cash-cost efficiency factor carried through the product cost curve. FY27 opex $7.728bn equals FY26 nine-month GAAP opex $4.868bn plus Q4 GAAP outlook $1.86bn plus management FY27 increase of about $1bn; this assumes a stable non-GAAP-to-GAAP adjustment burden. The FY27 opex amount includes depreciation and SBC. Later opex is the greater of this revenue ratio or a 5%-growing floor. FY27 net capex exceeds $40bn, consistent with quarterly spending above Q4’s $10bn. These are disclosed annual DR extrapolations, not new annual revenue/margin guidance."}, {"input": "Base tax-rate transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 uses Q4/FY26 guided tax rate of 15% as a DR planning anchor; subsequent years retain the 18% normalized rate. Management has not provided that full annual tax path."}, {"input": "Approved Base price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Base full annual price declines are 6% HBM and 10% other DRAM/NAND. Existing phase-in remains: half-rate FY28, three-quarter-rate FY29, full-rate FY30–31. This is an aggregate DR pricing estimate informed by supply tightness and customer agreements, not a disclosed contractual floor. Other scenarios and probabilities are unchanged."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/MU"}, "model_note": "Reviewed DR scenario baseline. Forecasts remain estimates; source review and stress ranges are disclosed. Opening FY27 cash uses Q4 guidance. No recommendation assigned. Portfolio scoring inputs are disclosed separately.", "limitations": ["HBM allocation, cash costs and indexed capacity remain DR estimates; their sensitivities are part of this reviewed baseline.", "Q4 balances remain estimated until September 30 results. The model is valued at estimated opening FY27, not a live price target.", "Exact period-end award counts and undisclosed investment disbursements are unavailable; explicit share and strategic-cash stress ranges bound the assumptions without claiming verified totals.", "Asset lives are anchored to accounting policy, but commissioning, capital-payable changes, incentive accruals and depreciation allocation are estimated; this is not a full GAAP forecast.", "Annual net-cash stress excludes future financing, deposit receipts and discretionary buybacks. It is not an intra-quarter cash forecast.", "Terminal normalized margins can be lower than FY31 operating margins. The decline is phased through FY32–FY36 as explicit cycle normalization; terminal sensitivities are unblended.", "Portfolio Analytics uses a separately disclosed frozen market reference and DR evidence score; no investment recommendation is made.", "FY32–FY36 is an estimated normalization period. Product revenue follows the FY31 mix and a fading aggregate growth rate; it is not a physical wafer forecast. The longer horizon does not establish durability of peak margins."], "links": {"coverage": "https://dilikogluresearch.com/coverage/mu", "model": "https://dilikogluresearch.com/mu_model", "native_model": "https://dilikogluresearch.com/api/model/MU", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=MU"}, "model_version": "358f6b827cc5afcb122ee9400527044949d23a43eb9000112169d7606fae4a38"}}, {"id": "65609aa3a684593db1909bececfda0cd67a04f91728d1731dc1b2376c82fc92b", "ticker": "LITE", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-21", "model_version": "ad981bdb0682ca1be5332b3282f562add1d9276d6d39afb48779e4f4ec6b699c", "research_version": "b957c9dac90d83abc6fbb7d9a2064af937fedba8ce76cd0d87e33cb9495e7f0e", "changes": [{"field": "publication_status", "old_value": "reviewed_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [{"id": "10k", "date": "2026-08-17", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm"}, {"id": "release", "date": "2026-08-11", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx"}, {"id": "call", "date": "2026-08-11", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11"}, {"id": "citi", "date": "2026-09-09", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771"}, {"id": "citi-crosscheck", "date": "2026-09-09", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09"}, {"id": "price", "date": "2026-09-18", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "date": "2026-08-17", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "date": "2026-08-11", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "date": "2026-08-11", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Industry / Market Data", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}], "lineage": [{"input": "Financial statements and aligned claims", "classification": "Reported", "source": "10k", "treatment": "June 27 cash, debt, common and awards are aligned. Rounded filing share counts are used. August common 89.7m is a cross-check only; combining it with June debt and awards would double-count some conversions. NVIDIA preferred participates one-for-one; its cash is already on balance sheet. The noncash debt-exchange charge does not recur."}, {"input": "Near-term operating outlook", "classification": "Management guidance-commentary", "source": "release", "treatment": "Q1 FY27 revenue $1.225–1.275bn and non-GAAP operating margin 39.5–40.5% anchor Base. Subsequent quarters are estimates, not full-year guidance."}, {"input": "FY2028 outlook bridge", "classification": "Management guidance-commentary", "source": "citi", "treatment": "September Citi management commentary targets $40 FY2028 EPS; third-party transcripts cross-checked, not an audited forecast. Q1 planning diluted shares 102m and tax 16.5% come from August call commentary. The $2bn quarterly scale operating-margin commentary is contextual, not an annual forecast."}, {"input": "Revenue, mix and capacity", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "Base FY27 quarterly growth 24/20/20% follows Q1 midpoint. FY28 revenue is inferred from $40 EPS × 102m planning shares / (1 − 16.5% tax) / 44% non-GAAP margin, assuming zero net financing income. The implied revenue is not management revenue guidance. Components/Systems allocation, volume capacity and price erosion are independent estimates. No CPO, OCS or NVIDIA partnership premium is added separately. FY29–31 Base growth 25/20/15%, then five years of gradual convergence. FY27 margins ramp from the scenario Q1 anchor to its FY28 margin; the annual figure is revenue-weighted. This bridge is estimated, not quarterly margin guidance."}, {"input": "Margins and SBC", "classification": "Dilikoğlu Research estimate", "source": "call", "treatment": "Q1 Base 40% non-GAAP operating margin, FY28 44%, then convergence to scenario economic margins. SBC remains an economic cost; remaining expense for opening diluted awards is added back to avoid charging both shares and service cost. Future grants stay in economic expense and are not added again to shares. Gross award dilution is equivalent to cash withholding plus net shares for valuation; liquidity separately reserves 30% withholding at the frozen reference. Capacity growth is reduced proportionally when capex intensity falls below the scenario anchor; extra capex alone does not create demand."}, {"input": "Capital and working capital", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Separate capital creditors from operating liabilities. Asset additions produce capital payable balances; cash capex equals additions minus change in capital payables. CIP commissions with a one-year lag; 80% equipment over 7 years, 20% buildings over 20. Acquisition contract-liability release is noncash; only cash-backed deferred balances fund operations. AR/inventory/AP days and 75% operating prepaids are estimates. DTA use limited to half reported balance as tax shield, not also added to value."}, {"input": "Convertible settlement and hedge", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Outstanding original principal is deducted once; only conversion premium dilutes. 2032 capped calls offset premium between $187.77 and $268.24, with recovery stressed. No hedge assumed on older tranches. Conversion eligibility is 130% for 20 of 30 trading days; June notes already qualify. Funding conservatively settles all note principal in FY27, versus contractual maturity sensitivity. June-to-August additional requests are $238.4m, not $757.8m new debt. Premium is valued with intrinsic settlement at modeled IV, not an option-pricing appraisal. Early hedge termination terms and make-whole adjustments remain limitations."}, {"input": "Other claims and funding", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Reserve tax payable, pension, asset retirement and 50% uncertain tax; no additional operating-lease debt subtraction. $60m deposit reserve approximates Japan encumbrances. Available revolver is 0/50/100/100% of $400m commitment, subject to covenants, expiring FY31 with no assumed renewal. No refinancing or equity funding assumed; negative cash is an explicit zero-common-recovery stress, not default probability. Principal paid affects liquidity, not FCFF a second time."}, {"input": "Valuation and scenario priors", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "COHR-consistent priors 10/25/45/20%, WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%, exit recurring EBIT 8/12/20/25x. Five forecast years plus five transition years. Exit EV/EBIT is primary; perpetuity FCFF is an unblended cross-check. Company-specific margins are not borrowed from COHR."}, {"input": "Simulation and evidence", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "20,000 reproducible draws jointly stress demand, capacity, mix/pricing, margin, capital, cash conversion, credit, valuation multiple, awards and hedge recovery. Simulated shares solve conversion and option premium dynamically. These probabilities are judgment, not empirical confidence intervals."}], "model_provenance": {"command": "node scripts/build_lite.cjs", "input_sha256": "c7239e976796f2e4d71a1507e1aaf48c1595487f96d184d03fee346b2e6d91a0", "engine_sha256": "f24cf73d2df0025a115a7c8f91f43e273bb7e5a17fe9fc70803355fc34fcc0f0"}}, "new_value": {"model_sources": [{"id": "10k", "date": "2026-08-17", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm"}, {"id": "release", "date": "2026-08-11", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx"}, {"id": "call", "date": "2026-08-11", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11"}, {"id": "citi", "date": "2026-09-09", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771"}, {"id": "citi-crosscheck", "date": "2026-09-09", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09"}, {"id": "price", "date": "2026-09-18", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "date": "2026-08-17", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "date": "2026-08-11", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "date": "2026-08-11", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Industry / Market Data", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}], "lineage": [{"input": "Financial statements and aligned claims", "classification": "Reported", "source": "10k", "treatment": "June 27 cash, debt, common and awards are aligned. Rounded filing share counts are used. August common 89.7m is a cross-check only; combining it with June debt and awards would double-count some conversions. NVIDIA preferred participates one-for-one; its cash is already on balance sheet. The noncash debt-exchange charge does not recur."}, {"input": "Near-term operating outlook", "classification": "Management guidance-commentary", "source": "release", "treatment": "Q1 FY27 revenue $1.225–1.275bn and non-GAAP operating margin 39.5–40.5% anchor Base. Subsequent quarters are estimates, not full-year guidance."}, {"input": "FY2028 outlook bridge", "classification": "Management guidance-commentary", "source": "citi", "treatment": "September Citi management commentary targets $40 FY2028 EPS; third-party transcripts cross-checked, not an audited forecast. Q1 planning diluted shares 102m and tax 16.5% come from August call commentary. The $2bn quarterly scale operating-margin commentary is contextual, not an annual forecast."}, {"input": "Revenue, mix and capacity", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "Base FY27 quarterly growth 24/20/20% follows Q1 midpoint. FY28 revenue is inferred from $40 EPS × 102m planning shares / (1 − 16.5% tax) / 44% non-GAAP margin, assuming zero net financing income. The implied revenue is not management revenue guidance. Components/Systems allocation, volume capacity and price erosion are independent estimates. No CPO, OCS or NVIDIA partnership premium is added separately. FY29–31 Base growth 25/20/15%, then five years of gradual convergence. FY27 margins ramp from the scenario Q1 anchor to its FY28 margin; the annual figure is revenue-weighted. This bridge is estimated, not quarterly margin guidance."}, {"input": "Margins and SBC", "classification": "Dilikoğlu Research estimate", "source": "call", "treatment": "Q1 Base 40% non-GAAP operating margin, FY28 44%, then convergence to scenario economic margins. SBC remains an economic cost; remaining expense for opening diluted awards is added back to avoid charging both shares and service cost. Future grants stay in economic expense and are not added again to shares. Gross award dilution is equivalent to cash withholding plus net shares for valuation; liquidity separately reserves 30% withholding at the frozen reference. Capacity growth is reduced proportionally when capex intensity falls below the scenario anchor; extra capex alone does not create demand."}, {"input": "Capital and working capital", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Separate capital creditors from operating liabilities. Asset additions produce capital payable balances; cash capex equals additions minus change in capital payables. CIP commissions with a one-year lag; 80% equipment over 7 years, 20% buildings over 20. Acquisition contract-liability release is noncash; only cash-backed deferred balances fund operations. AR/inventory/AP days and 75% operating prepaids are estimates. DTA use limited to half reported balance as tax shield, not also added to value."}, {"input": "Convertible settlement and hedge", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Outstanding original principal is deducted once; only conversion premium dilutes. 2032 capped calls offset premium between $187.77 and $268.24, with recovery stressed. No hedge assumed on older tranches. Conversion eligibility is 130% for 20 of 30 trading days; June notes already qualify. Funding conservatively settles all note principal in FY27, versus contractual maturity sensitivity. June-to-August additional requests are $238.4m, not $757.8m new debt. Premium is valued with intrinsic settlement at modeled IV, not an option-pricing appraisal. Early hedge termination terms and make-whole adjustments remain limitations."}, {"input": "Other claims and funding", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Reserve tax payable, pension, asset retirement and 50% uncertain tax; no additional operating-lease debt subtraction. $60m deposit reserve approximates Japan encumbrances. Available revolver is 0/50/100/100% of $400m commitment, subject to covenants, expiring FY31 with no assumed renewal. No refinancing or equity funding assumed; negative cash is an explicit zero-common-recovery stress, not default probability. Principal paid affects liquidity, not FCFF a second time."}, {"input": "Valuation and scenario priors", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "COHR-consistent priors 10/25/45/20%, WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%, exit recurring EBIT 8/12/20/25x. Five forecast years plus five transition years. Exit EV/EBIT is primary; perpetuity FCFF is an unblended cross-check. Company-specific margins are not borrowed from COHR."}, {"input": "Simulation and evidence", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "20,000 reproducible draws jointly stress demand, capacity, mix/pricing, margin, capital, cash conversion, credit, valuation multiple, awards and hedge recovery. Simulated shares solve conversion and option premium dynamically. These probabilities are judgment, not empirical confidence intervals."}], "model_provenance": {"command": "node scripts/build_lite.cjs", "input_sha256": "c7239e976796f2e4d71a1507e1aaf48c1595487f96d184d03fee346b2e6d91a0", "engine_sha256": "f24cf73d2df0025a115a7c8f91f43e273bb7e5a17fe9fc70803355fc34fcc0f0"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "LITE", "company": "Lumentum Holdings Inc.", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-06-27", "valuation_horizon": null, "reference_price": {"value": 930.91, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 987.5749563244412, "probability_weighted": 960.7192634481452, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 269.808542530341, "probability": 0.25}, "base": {"fair_value": 987.5749563244412, "probability": 0.45}, "bull": {"fair_value": 2244.2919873478068, "probability": 0.2}}, "monte_carlo_median": 758.7994577223178, "method": "FY2027–36 FCFF plus discounted exit EV/EBIT; perpetuity cross-check"}, "thesis": {"summary": "Lumentum research connects management’s optics outlook to manufacturing capacity, cash returns and per-share value.", "pillars": ["Q1 guidance anchors the first forecast quarter.", "September FY2028 EPS commentary informs a disclosed revenue bridge.", "Cash principal, convert premiums and capped calls are valued separately."], "risks": ["Qualification and capacity ramps can lag customer demand.", "Customer concentration and expensive expansion can weaken cash conversion.", "Long-run margins and terminal multiples dominate value."], "variant": "Optical growth creates shareholder value only when delivery, margins and collections support the capital required."}, "governance": [{"signal": "FY2028 earnings outlook", "trigger": "Management withdraws $40 objective or sustained guidance shortfalls", "action": "Rebuild the revenue/margin bridge; reduce realization."}, {"signal": "Capacity and qualification", "trigger": "OCS, 1.6T, CPO/NPO production slips by two quarters", "action": "Delay capacity and associated revenue together."}, {"signal": "Cash conversion", "trigger": "AR >90 days, inventory >180 days or capex >20% above plan", "action": "Stress cash, revolver availability and conversion settlement."}, {"signal": "Customer concentration", "trigger": "Material cancellation or default at a major customer", "action": "Reduce orders and collections without assigning partnership uplift."}, {"signal": "Equity claims", "trigger": "New debt exchange, capped-call termination or significant award issuance", "action": "Reconcile cash, principal and shares on one date."}], "sources": {"model_sources": [{"id": "10k", "date": "2026-08-17", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm"}, {"id": "release", "date": "2026-08-11", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx"}, {"id": "call", "date": "2026-08-11", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11"}, {"id": "citi", "date": "2026-09-09", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771"}, {"id": "citi-crosscheck", "date": "2026-09-09", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09"}, {"id": "price", "date": "2026-09-18", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "date": "2026-08-17", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "date": "2026-08-11", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "date": "2026-08-11", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Industry / Market Data", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}], "lineage": [{"input": "Financial statements and aligned claims", "classification": "Reported", "source": "10k", "treatment": "June 27 cash, debt, common and awards are aligned. Rounded filing share counts are used. August common 89.7m is a cross-check only; combining it with June debt and awards would double-count some conversions. NVIDIA preferred participates one-for-one; its cash is already on balance sheet. The noncash debt-exchange charge does not recur."}, {"input": "Near-term operating outlook", "classification": "Management guidance-commentary", "source": "release", "treatment": "Q1 FY27 revenue $1.225–1.275bn and non-GAAP operating margin 39.5–40.5% anchor Base. Subsequent quarters are estimates, not full-year guidance."}, {"input": "FY2028 outlook bridge", "classification": "Management guidance-commentary", "source": "citi", "treatment": "September Citi management commentary targets $40 FY2028 EPS; third-party transcripts cross-checked, not an audited forecast. Q1 planning diluted shares 102m and tax 16.5% come from August call commentary. The $2bn quarterly scale operating-margin commentary is contextual, not an annual forecast."}, {"input": "Revenue, mix and capacity", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "Base FY27 quarterly growth 24/20/20% follows Q1 midpoint. FY28 revenue is inferred from $40 EPS × 102m planning shares / (1 − 16.5% tax) / 44% non-GAAP margin, assuming zero net financing income. The implied revenue is not management revenue guidance. Components/Systems allocation, volume capacity and price erosion are independent estimates. No CPO, OCS or NVIDIA partnership premium is added separately. FY29–31 Base growth 25/20/15%, then five years of gradual convergence. FY27 margins ramp from the scenario Q1 anchor to its FY28 margin; the annual figure is revenue-weighted. This bridge is estimated, not quarterly margin guidance."}, {"input": "Margins and SBC", "classification": "Dilikoğlu Research estimate", "source": "call", "treatment": "Q1 Base 40% non-GAAP operating margin, FY28 44%, then convergence to scenario economic margins. SBC remains an economic cost; remaining expense for opening diluted awards is added back to avoid charging both shares and service cost. Future grants stay in economic expense and are not added again to shares. Gross award dilution is equivalent to cash withholding plus net shares for valuation; liquidity separately reserves 30% withholding at the frozen reference. Capacity growth is reduced proportionally when capex intensity falls below the scenario anchor; extra capex alone does not create demand."}, {"input": "Capital and working capital", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Separate capital creditors from operating liabilities. Asset additions produce capital payable balances; cash capex equals additions minus change in capital payables. CIP commissions with a one-year lag; 80% equipment over 7 years, 20% buildings over 20. Acquisition contract-liability release is noncash; only cash-backed deferred balances fund operations. AR/inventory/AP days and 75% operating prepaids are estimates. DTA use limited to half reported balance as tax shield, not also added to value."}, {"input": "Convertible settlement and hedge", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Outstanding original principal is deducted once; only conversion premium dilutes. 2032 capped calls offset premium between $187.77 and $268.24, with recovery stressed. No hedge assumed on older tranches. Conversion eligibility is 130% for 20 of 30 trading days; June notes already qualify. Funding conservatively settles all note principal in FY27, versus contractual maturity sensitivity. June-to-August additional requests are $238.4m, not $757.8m new debt. Premium is valued with intrinsic settlement at modeled IV, not an option-pricing appraisal. Early hedge termination terms and make-whole adjustments remain limitations."}, {"input": "Other claims and funding", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Reserve tax payable, pension, asset retirement and 50% uncertain tax; no additional operating-lease debt subtraction. $60m deposit reserve approximates Japan encumbrances. Available revolver is 0/50/100/100% of $400m commitment, subject to covenants, expiring FY31 with no assumed renewal. No refinancing or equity funding assumed; negative cash is an explicit zero-common-recovery stress, not default probability. Principal paid affects liquidity, not FCFF a second time."}, {"input": "Valuation and scenario priors", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "COHR-consistent priors 10/25/45/20%, WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%, exit recurring EBIT 8/12/20/25x. Five forecast years plus five transition years. Exit EV/EBIT is primary; perpetuity FCFF is an unblended cross-check. Company-specific margins are not borrowed from COHR."}, {"input": "Simulation and evidence", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "20,000 reproducible draws jointly stress demand, capacity, mix/pricing, margin, capital, cash conversion, credit, valuation multiple, awards and hedge recovery. Simulated shares solve conversion and option premium dynamically. These probabilities are judgment, not empirical confidence intervals."}], "model_provenance": {"command": "node scripts/build_lite.cjs", "input_sha256": "c7239e976796f2e4d71a1507e1aaf48c1595487f96d184d03fee346b2e6d91a0", "engine_sha256": "f24cf73d2df0025a115a7c8f91f43e273bb7e5a17fe9fc70803355fc34fcc0f0"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.revenue", "value": 3.014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.components", "value": 2.0056, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.systems", "value": 1.0084, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.q4Revenue", "value": 1.0063, "classification": "Reported", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.q4NonGaapMargin", "value": 0.366, "classification": "Reported", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.q4GrossMargin", "value": 0.504, "classification": "Reported", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.ebit", "value": 0.5248, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.cfo", "value": 0.7514, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.capex", "value": 0.4513, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.cash", "value": 2.0435, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.investments", "value": 0.6949, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.receivables", "value": 0.5203, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.inventory", "value": 0.6916, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.prepaids", "value": 0.2116, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.payables", "value": 0.5674, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.payroll", "value": 0.1463, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.accruedExpenses", "value": 0.0649, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.capitalPayables", "value": 0.1814, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.otherCurrentLiabilities", "value": 0.0915, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.taxPayable", "value": 0.0383, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.restructuringReserve", "value": 0.0024, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.deferredRevenue", "value": 0.0168, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.acquiredContractLiability", "value": 0.0076, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.ppe", "value": 1.1591, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.land", "value": 0.0921, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.cip", "value": 0.3774, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.depreciation", "value": 0.1288, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.sbc", "value": 0.1702, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.ordinaryShares", "value": 0.0886, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.subsequentOrdinaryShares", "value": 0.0897, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.preferredShares", "value": 0.0029, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.rsus", "value": 0.002, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.psus", "value": 0.0008, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.options", "value": 0.0002, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.optionStrike", "value": 8.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.unrecognizedRsuExpense", "value": 0.1677, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.unrecognizedPsuExpense", "value": 0.0728, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.unrecognizedOptionExpense", "value": 0.0014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.debtPrincipal", "value": 1.6471, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.debtCarrying", "value": 1.6374, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.termDebt", "value": 0.0928, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.currentTermDebt", "value": 0.0523, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.revolverCommitment", "value": 0.4, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.pension", "value": 0.0072, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.assetRetirement", "value": 0.009, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.uncertainTax", "value": 0.0672, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.deferredTaxAsset", "value": 0.5309, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.0", "value": 0.1235, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.1", "value": 0.083, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.2", "value": 0.0526, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.3", "value": 0.0465, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.4", "value": 0.02, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.5", "value": 0.0013, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.earlyRequests", "value": 0.7578, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.settledRequests", "value": 0.5194, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1RevenueLow", "value": 1.225, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1RevenueHigh", "value": 1.275, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1MarginLow", "value": 0.395, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1MarginHigh", "value": 0.405, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1EpsLow", "value": 4.05, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "USD per share", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1EpsHigh", "value": 4.35, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "USD per share", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.fy28Eps", "value": 40, "classification": "Management guidance-commentary", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD per share", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.planningTax", "value": 0.165, "classification": "Management guidance-commentary", "sourceUrl": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.planningDilutedShares", "value": 0.102, "classification": "Management guidance-commentary", "sourceUrl": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "source_date": "2026-08-11", "unit": "billion shares", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.scaleMargin", "value": 0.42, "classification": "Management guidance-commentary", "sourceUrl": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.principal", "value": 0.0548, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.conversionPrice", "value": 99.29, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.coupon", "value": 0.005, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.maturityYear", "value": 2027, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.capPrice", "value": 99.29, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.principal", "value": 0.1796, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.conversionPrice", "value": 131.03, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.coupon", "value": 0.005, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.maturityYear", "value": 2028, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.capPrice", "value": 131.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.principal", "value": 0.0549, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.conversionPrice", "value": 69.54, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.coupon", "value": 0.015, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.maturityYear", "value": 2030, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.capPrice", "value": 69.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.principal", "value": 1.265, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.conversionPrice", "value": 187.77, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.coupon", "value": 0.00375, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.maturityYear", "value": 2032, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.capPrice", "value": 268.24, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.q1ComponentsShare", "value": 0.617, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.reserve", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.restrictedDepositReserve", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.otherPrepaidsOperatingFraction", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.taxAssetUtilization", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.capitalPayableRatio", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.equipmentShare", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.equipmentLife", "value": 7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.buildingLife", "value": 20, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.openingPpeLife", "value": 6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.commissioningLag", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.0", "value": 0.0523, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.1", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.2", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.3", "value": 0.0205, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termInterest", "value": 0.012, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.revolverRate", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.revolverFee", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.awardWithholding", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardVesting.0", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardVesting.1", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardExpense.0", "value": 0.135, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardExpense.1", "value": 0.1069, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.componentGrossMargin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.systemsGrossMargin", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.q1NonGaapOpexRatio", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.q1Factor", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.quarterGrowthFactors.0", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.quarterGrowthFactors.1", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.quarterGrowthFactors.2", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.fy28EpsRealization", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.fy28NonGaapMargin", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.postFY28Growth.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.postFY28Growth.1", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.postFY28Growth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalEconomicMargin", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.receivableDays", "value": 90, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.inventoryDays", "value": 200, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.revolverAccess", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.psuPayout", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.capacityRevenueFY28", "value": 6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.capacityGrowth", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.priceChange", "value": -0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.q1Factor", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.quarterGrowthFactors.0", "value": 1.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.quarterGrowthFactors.1", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.quarterGrowthFactors.2", "value": 1.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.fy28EpsRealization", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.fy28NonGaapMargin", "value": 0.39, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.postFY28Growth.0", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.postFY28Growth.1", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.postFY28Growth.2", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalEconomicMargin", "value": 0.28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.inventoryDays", "value": 150, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.revolverAccess", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.psuPayout", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.capacityRevenueFY28", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.capacityGrowth", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.priceChange", "value": -0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.q1Factor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.quarterGrowthFactors.0", "value": 1.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.quarterGrowthFactors.1", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.quarterGrowthFactors.2", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.fy28EpsRealization", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.fy28NonGaapMargin", "value": 0.44, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.postFY28Growth.0", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.postFY28Growth.1", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.postFY28Growth.2", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalEconomicMargin", "value": 0.36, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.inventoryDays", "value": 120, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.payableDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.revolverAccess", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.psuPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.taxRate", "value": 0.165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.capacityRevenueFY28", "value": 12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.capacityGrowth", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.priceChange", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.q1Factor", "value": 1.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.quarterGrowthFactors.0", "value": 1.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.quarterGrowthFactors.1", "value": 1.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.quarterGrowthFactors.2", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.fy28EpsRealization", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.fy28NonGaapMargin", "value": 0.47, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.postFY28Growth.0", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.postFY28Growth.1", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.postFY28Growth.2", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalEconomicMargin", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.inventoryDays", "value": 105, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.payableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.revolverAccess", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.psuPayout", "value": 1.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.taxRate", "value": 0.165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.capacityRevenueFY28", "value": 14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.capacityGrowth", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.priceChange", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "count", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.seed", "value": 20260921, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "count", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.growthSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.executionCorrelation", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.marginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.waccSigma", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.daysSigma", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.multipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.awardSigma", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.hedgeSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "referencePrice", "value": 930.91, "unit": "USD per share", "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/lite/history/", "source_date": "2026-09-18", "note": "Frozen regular-session close; not a live quote.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Financial statements and aligned claims", "classification": "Reported", "source": "10k", "treatment": "June 27 cash, debt, common and awards are aligned. Rounded filing share counts are used. August common 89.7m is a cross-check only; combining it with June debt and awards would double-count some conversions. NVIDIA preferred participates one-for-one; its cash is already on balance sheet. The noncash debt-exchange charge does not recur."}, {"input": "Near-term operating outlook", "classification": "Management guidance-commentary", "source": "release", "treatment": "Q1 FY27 revenue $1.225–1.275bn and non-GAAP operating margin 39.5–40.5% anchor Base. Subsequent quarters are estimates, not full-year guidance."}, {"input": "FY2028 outlook bridge", "classification": "Management guidance-commentary", "source": "citi", "treatment": "September Citi management commentary targets $40 FY2028 EPS; third-party transcripts cross-checked, not an audited forecast. Q1 planning diluted shares 102m and tax 16.5% come from August call commentary. The $2bn quarterly scale operating-margin commentary is contextual, not an annual forecast."}, {"input": "Revenue, mix and capacity", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "Base FY27 quarterly growth 24/20/20% follows Q1 midpoint. FY28 revenue is inferred from $40 EPS × 102m planning shares / (1 − 16.5% tax) / 44% non-GAAP margin, assuming zero net financing income. The implied revenue is not management revenue guidance. Components/Systems allocation, volume capacity and price erosion are independent estimates. No CPO, OCS or NVIDIA partnership premium is added separately. FY29–31 Base growth 25/20/15%, then five years of gradual convergence. FY27 margins ramp from the scenario Q1 anchor to its FY28 margin; the annual figure is revenue-weighted. This bridge is estimated, not quarterly margin guidance."}, {"input": "Margins and SBC", "classification": "Dilikoğlu Research estimate", "source": "call", "treatment": "Q1 Base 40% non-GAAP operating margin, FY28 44%, then convergence to scenario economic margins. SBC remains an economic cost; remaining expense for opening diluted awards is added back to avoid charging both shares and service cost. Future grants stay in economic expense and are not added again to shares. Gross award dilution is equivalent to cash withholding plus net shares for valuation; liquidity separately reserves 30% withholding at the frozen reference. Capacity growth is reduced proportionally when capex intensity falls below the scenario anchor; extra capex alone does not create demand."}, {"input": "Capital and working capital", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Separate capital creditors from operating liabilities. Asset additions produce capital payable balances; cash capex equals additions minus change in capital payables. CIP commissions with a one-year lag; 80% equipment over 7 years, 20% buildings over 20. Acquisition contract-liability release is noncash; only cash-backed deferred balances fund operations. AR/inventory/AP days and 75% operating prepaids are estimates. DTA use limited to half reported balance as tax shield, not also added to value."}, {"input": "Convertible settlement and hedge", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Outstanding original principal is deducted once; only conversion premium dilutes. 2032 capped calls offset premium between $187.77 and $268.24, with recovery stressed. No hedge assumed on older tranches. Conversion eligibility is 130% for 20 of 30 trading days; June notes already qualify. Funding conservatively settles all note principal in FY27, versus contractual maturity sensitivity. June-to-August additional requests are $238.4m, not $757.8m new debt. Premium is valued with intrinsic settlement at modeled IV, not an option-pricing appraisal. Early hedge termination terms and make-whole adjustments remain limitations."}, {"input": "Other claims and funding", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Reserve tax payable, pension, asset retirement and 50% uncertain tax; no additional operating-lease debt subtraction. $60m deposit reserve approximates Japan encumbrances. Available revolver is 0/50/100/100% of $400m commitment, subject to covenants, expiring FY31 with no assumed renewal. No refinancing or equity funding assumed; negative cash is an explicit zero-common-recovery stress, not default probability. Principal paid affects liquidity, not FCFF a second time."}, {"input": "Valuation and scenario priors", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "COHR-consistent priors 10/25/45/20%, WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%, exit recurring EBIT 8/12/20/25x. Five forecast years plus five transition years. Exit EV/EBIT is primary; perpetuity FCFF is an unblended cross-check. Company-specific margins are not borrowed from COHR."}, {"input": "Simulation and evidence", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "20,000 reproducible draws jointly stress demand, capacity, mix/pricing, margin, capital, cash conversion, credit, valuation multiple, awards and hedge recovery. Simulated shares solve conversion and option premium dynamically. These probabilities are judgment, not empirical confidence intervals."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/LITE"}, "model_note": "DR estimates using June 27 balances and September 9 management commentary. Opening FY27 valuation; frozen September 18 reference. No recommendation assigned.", "limitations": ["Valuation date June 27 with September information; not a live mark or formal recommendation.", "Management conference and earnings-call commentary uses third-party transcripts. Exact FY28 revenue and share bridge are not provided by management.", "Annual funding cannot establish daily covenant compliance or intra-quarter solvency. Early convert principal timing and capped-call termination require execution-specific terms.", "Rounded common, preferred and award counts; no subsequent issuance bridge after the audited balance sheet.", "Product-level margins, saleable capacity, capital conversion, working-capital days and future award withholding are DR estimates.", "No standalone report is published by this model build."], "links": {"coverage": "https://dilikogluresearch.com/coverage/lite", "model": "https://dilikogluresearch.com/lite_model", "native_model": "https://dilikogluresearch.com/api/model/LITE", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=LITE"}, "model_version": "ad981bdb0682ca1be5332b3282f562add1d9276d6d39afb48779e4f4ec6b699c"}}, {"id": "8ce0319b2bfa3dc298341dc1ba87f7652b4713c7ee160316f640ca03e577c340", "ticker": "NBIS", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "fe467e601d3aa0438930b18deb8a34bbc0133706d11b0e27bad4ebca375c8a5b", "research_version": "13628b14e6276655b82d4efd4986d1945f40ed81f75c4ddcffd510365ce03334", "changes": [{"field": "publication_status", "old_value": "legacy_baseline", "new_value": "published_coverage"}, {"field": "latest_report", "old_value": {"slug": "nbis-initiation-2026-09-20", "title": "Nebius Group — Initiation of Coverage", "publication_date": "2026-09-20", "rating": "BUY · High risk", "price_target": "$265 USD · 12–18 months", "reference_price": 223.54, "reference_date": "2026-09-18", "target_price": 265, "target_basis": "Base intrinsic value of $265.43, rounded to the nearest $5.", "implied_upside": null, "abstract": "We initiate NBIS with a BUY · High risk recommendation and a $265 target, based on $265.43 Base intrinsic value. This implies 18.5% upside to the 18 September 2026 closing reference of $223.54. Probability-weighted value remains $215.89 and the Monte Carlo median is $187.76; the report retains the model’s financing and source-verification limitations.", "url": "https://dilikogluresearch.com/reports/nbis-initiation-2026-09-20"}, "new_value": {"slug": "nbis-initiation-2026-09-20", "title": "Nebius Group — Initiation of Coverage", "publication_date": "2026-09-20", "rating": "BUY · High risk", "price_target": "$265 USD · 12–18 months", "reference_price": 223.54, "reference_date": "2026-09-18", "target_price": 265, "target_basis": "Base intrinsic value of $265.43, rounded to the nearest $5. This is a Base-case realization target, not an expected-return target. Probability-weighted value is $215.89, below the $223.54 report reference; BUY does not imply positive probability-weighted upside.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "We initiate NBIS with a BUY · High risk recommendation and a $265 target, based on $265.43 Base intrinsic value. This implies 18.5% upside to the 18 September 2026 closing reference of $223.54. Probability-weighted value remains $215.89 and the Monte Carlo median is $187.76; the report retains the model’s financing and source-verification limitations.", "url": "https://dilikogluresearch.com/reports/nbis-initiation-2026-09-20"}}, {"field": "sources", "old_value": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual intermediate accretion table not transcribed"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "User-supplied NBIS re-underwrite, 2026-09-13, requirements 1–18", "note": "Scenario centers and governance. Prior thread reader and original workbook unavailable. Forecast inputs are estimates, not company commitments.", "status": "Authorized underwriting instructions"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "Local implementation assumptions, 2026-09-13", "note": "Non-Base cash bridge, commissioning shares, issue prices, accretion interpolation and MC factor dispersions complete unspecified inputs. Independently review before publication.", "status": "New explicit assumptions"}, {"id": "share-awards", "classification": "Reported", "url": null, "locator": "Supplied underwriting requirement 9; Q2 award tables not independently retrieved", "note": "21.066m NVIDIA pre-funded warrants, 6.234m RSUs, 6.741m options at $88.65.", "status": "Supplied reported inputs; primary table verification pending"}, {"id": "gaap-debt", "classification": "Reported", "url": null, "locator": "Prior audit excerpt, June 30 2026", "note": "$10.042bn accreted principal versus $8.499bn GAAP carrying value. Aggregate only, predates August exchanges/new notes. No fabricated tranche allocation.", "status": "Supplied reported aggregate; primary table verification pending"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "1d4ecf60331d4a2c0c782e112bb86336f6e21353e3e58ecd138d1e468bf21740", "engine_sha256": "0e611c6d271c735d82d6c3684d9aebbb9df7ab8f9b9203f129ff5ee7ecc866b8", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}}, "new_value": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual intermediate accretion table not transcribed"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "User-supplied NBIS re-underwrite, 2026-09-13, requirements 1–18", "note": "Scenario centers and governance. Prior thread reader and original workbook unavailable. Forecast inputs are estimates, not company commitments.", "status": "Authorized underwriting instructions"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "Local implementation assumptions, 2026-09-13", "note": "Non-Base cash bridge, commissioning shares, issue prices, accretion interpolation and MC factor dispersions complete unspecified inputs. Independently review before publication.", "status": "New explicit assumptions"}, {"id": "share-awards", "classification": "Reported", "url": null, "locator": "Supplied underwriting requirement 9; Q2 award tables not independently retrieved", "note": "21.066m NVIDIA pre-funded warrants, 6.234m RSUs, 6.741m options at $88.65.", "status": "Supplied reported inputs; primary table verification pending"}, {"id": "gaap-debt", "classification": "Reported", "url": null, "locator": "Prior audit excerpt, June 30 2026", "note": "$10.042bn accreted principal versus $8.499bn GAAP carrying value. Aggregate only, predates August exchanges/new notes. No fabricated tranche allocation.", "status": "Supplied reported aggregate; primary table verification pending"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "1d4ecf60331d4a2c0c782e112bb86336f6e21353e3e58ecd138d1e468bf21740", "engine_sha256": "0e611c6d271c735d82d6c3684d9aebbb9df7ab8f9b9203f129ff5ee7ecc866b8", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "August pricing release confirms original-principal conversion rates of 3.1902 and 3.0802, maturity accretion and issuer settlement choice. Exact intermediate accretion schedules remain separate from this confirmation.", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes"}, {"text": "Q2 results show $8.499bn non-current debt carrying value. This line is not total debt and does not independently verify the supplied $10.042bn accreted-principal figure.", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf"}], "open": [{"title": "All-in system capital", "materiality": "Material", "treatment": "$50m/MW in Base is a DR capital-intensity estimate, not reported capex or verified guidance. It drives project capital and residual equity; higher costs lower equity value. The exact commentary bridge remains unverified."}, {"title": "Private holdings", "materiality": "Material", "treatment": "The $2.43bn Base non-core SOTP is a DR estimate, not an observable quoted stake value. Ownership and round-to-stake reconciliation remain open. Failure assigns only $0.77bn; that downside allowance does not prove the Base mark conservative."}, {"title": "Shares and debt schedule", "materiality": "Material", "treatment": "The supplied warrant/award counts and accreted-debt aggregate still require a primary-table reconciliation. Awards and economic warrant shares are included, debt-like notes retain accreted claims, and conversion-like notes use original principal plus premium dilution. Intermediate accretion and conversion participation are estimates, not legal eligibility determinations."}], "summary": "August conversion terms and the Q2 non-current carrying-value line were rechecked on September 24, 2026. Capital intensity, private stakes and parts of the security bridge retain material estimate risk."}}}], "snapshot": {"schema_version": "1.0", "ticker": "NBIS", "company": "Nebius Group", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": "2027-12-31", "reference_price": {"value": 220.77, "date": "2026-09-04 (inherited frozen reference; not a live quote)", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "published_coverage", "model_rating": null, "latest_report": {"slug": "nbis-initiation-2026-09-20", "title": "Nebius Group — Initiation of Coverage", "publication_date": "2026-09-20", "rating": "BUY · High risk", "price_target": "$265 USD · 12–18 months", "reference_price": 223.54, "reference_date": "2026-09-18", "target_price": 265, "target_basis": "Base intrinsic value of $265.43, rounded to the nearest $5. This is a Base-case realization target, not an expected-return target. Probability-weighted value is $215.89, below the $223.54 report reference; BUY does not imply positive probability-weighted upside.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "We initiate NBIS with a BUY · High risk recommendation and a $265 target, based on $265.43 Base intrinsic value. This implies 18.5% upside to the 18 September 2026 closing reference of $223.54. Probability-weighted value remains $215.89 and the Monte Carlo median is $187.76; the report retains the model’s financing and source-verification limitations.", "url": "https://dilikogluresearch.com/reports/nbis-initiation-2026-09-20"}, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 265.43228458210046, "probability_weighted": 215.8900101739098, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 44.24452355359033, "probability": 0.3}, "base": {"fair_value": 265.43228458210046, "probability": 0.45}, "bull": {"fair_value": 554.4808336392498, "probability": 0.15}}, "monte_carlo_median": 187.7645213229158, "method": "AI Cloud EV/YE27 ARR + non-core SOTP − economic net debt"}, "thesis": {"pillars": ["The re-underwrite separates legacy customers from new commercial cohorts, making contract pricing and deployment the key revenue drivers.", "Customer prepayments support construction cash flow, but prepaid revenue release offsets new receipts in deferred revenue.", "Asset-backed financing can reduce common-equity issuance; the residual share count depends on debt availability and issuance economics."], "variant": "Exit ARR is distinct from annual recognized revenue. The investment case depends on commissioning throughout the year and funding that build without counting prepayments twice or subtracting debt alongside full conversion shares.", "risks": ["New-cohort pricing or deployment may fall below the underwriting bands.", "Customer cancellation, default or refund demands could weaken the funding bridge.", "Secured financing may not repeat at the assumed scale, increasing distressed dilution."], "summary": "Nebius’s growth case depends on commissioning new commercial capacity at attractive contract pricing. Customer prepayments and secured financing must fund that expansion without overstating cash generation or understating dilution."}, "governance": {"bands": [{"driver": "2027 new commercial MW", "failure": "<650", "bear": "650–<1,050", "base": "1,050–1,350", "bull": ">1,350"}, {"driver": "Comparable new-contract ARR/MW ($m)", "failure": "<12", "bear": "12–<17", "base": "17–23", "bull": ">23"}, {"driver": "AI Cloud EBITDA margin", "failure": "<25%", "bear": "25–<40%", "base": "40–52%", "bull": ">52%"}, {"driver": "New-deal payback (years)", "failure": ">3.5", "bear": ">2.5–3.5", "base": "1.5–2.5", "bull": "<1.5"}], "falsifiers": ["Persistent new-cohort ARR/MW below ~$12–15m", "2027 deployment materially below ~700MW", "Scaled AI Cloud EBITDA margin below ~30%", "Common equity exceeds 50% of incremental build cash funding", "New-deal payback exceeds 3.5 years", "Material customer cancellation, default or refund", "Inability to repeat asset-backed financing", "Repeated distressed dilution"], "catalysts": ["Palantir partnership: watchlist only; zero valuation uplift absent disclosed economics.", "Quarterly commissioning and comparable new-contract pricing", "Repeat secured financing and customer-prepayment conversion"], "note": "Bands are evidence diagnostics, not automatic probability assignments. Payback includes prepayment/contract cash timing and must not be inferred from gross capital divided by EBITDA alone."}, "sources": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual intermediate accretion table not transcribed"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "User-supplied NBIS re-underwrite, 2026-09-13, requirements 1–18", "note": "Scenario centers and governance. Prior thread reader and original workbook unavailable. Forecast inputs are estimates, not company commitments.", "status": "Authorized underwriting instructions"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "Local implementation assumptions, 2026-09-13", "note": "Non-Base cash bridge, commissioning shares, issue prices, accretion interpolation and MC factor dispersions complete unspecified inputs. Independently review before publication.", "status": "New explicit assumptions"}, {"id": "share-awards", "classification": "Reported", "url": null, "locator": "Supplied underwriting requirement 9; Q2 award tables not independently retrieved", "note": "21.066m NVIDIA pre-funded warrants, 6.234m RSUs, 6.741m options at $88.65.", "status": "Supplied reported inputs; primary table verification pending"}, {"id": "gaap-debt", "classification": "Reported", "url": null, "locator": "Prior audit excerpt, June 30 2026", "note": "$10.042bn accreted principal versus $8.499bn GAAP carrying value. Aggregate only, predates August exchanges/new notes. No fabricated tranche allocation.", "status": "Supplied reported aggregate; primary table verification pending"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "1d4ecf60331d4a2c0c782e112bb86336f6e21353e3e58ecd138d1e468bf21740", "engine_sha256": "0e611c6d271c735d82d6c3684d9aebbb9df7ab8f9b9203f129ff5ee7ecc866b8", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "August pricing release confirms original-principal conversion rates of 3.1902 and 3.0802, maturity accretion and issuer settlement choice. Exact intermediate accretion schedules remain separate from this confirmation.", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes"}, {"text": "Q2 results show $8.499bn non-current debt carrying value. This line is not total debt and does not independently verify the supplied $10.042bn accreted-principal figure.", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf"}], "open": [{"title": "All-in system capital", "materiality": "Material", "treatment": "$50m/MW in Base is a DR capital-intensity estimate, not reported capex or verified guidance. It drives project capital and residual equity; higher costs lower equity value. The exact commentary bridge remains unverified."}, {"title": "Private holdings", "materiality": "Material", "treatment": "The $2.43bn Base non-core SOTP is a DR estimate, not an observable quoted stake value. Ownership and round-to-stake reconciliation remain open. Failure assigns only $0.77bn; that downside allowance does not prove the Base mark conservative."}, {"title": "Shares and debt schedule", "materiality": "Material", "treatment": "The supplied warrant/award counts and accreted-debt aggregate still require a primary-table reconciliation. Awards and economic warrant shares are included, debt-like notes retain accreted claims, and conversion-like notes use original principal plus premium dilution. Intermediate accretion and conversion participation are estimates, not legal eligibility determinations."}], "summary": "August conversion terms and the Q2 non-current carrying-value line were rechecked on September 24, 2026. Capital intensity, private stakes and parts of the security bridge retain material estimate risk."}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "native_inputs_url": "https://dilikogluresearch.com/api/model/NBIS"}, "model_note": "Commercial MW and legacy/new-cohort ARR; quarterly revenue; deferred-revenue CFO; residual equity; original-principal conversion premium. Forecasts are Dilikoğlu Research estimates.", "limitations": ["Original source-of-truth workbook and full prior conversation were not accessible; this repository now has canonical code and a generated workbook export.", "Contractual intermediate accretion schedules, award tables and June GAAP tranche carrying values still require primary-source completion.", "Private non-core valuations lack a verified round-to-stake ownership bridge.", "Non-Base funding and commissioning extensions, future financing fees/amortization and quarterly financing availability require analyst review. Corporate funding is modeled as debt at par because future convert terms do not exist.", "All-in capital commentary transcript not independently located; $50m/MW remains a DR estimate.", "Existing IREN dashboard has its own frozen economics; NBIS-specific evidence supersedes the legacy shared pricing/probability text."], "links": {"coverage": "https://dilikogluresearch.com/coverage/nbis", "model": "https://dilikogluresearch.com/nbis_model", "native_model": "https://dilikogluresearch.com/api/model/NBIS", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=NBIS"}, "model_version": "fe467e601d3aa0438930b18deb8a34bbc0133706d11b0e27bad4ebca375c8a5b"}}, {"id": "93c9f85f88fc1d44fdbf3fa289cf297996e33230551be5162bd62c59f94cb333", "ticker": "CIFR", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "bd56dedae9b509553202b6ba169db14fdc12db8fa0556b6263d69a06421c5649", "research_version": "1e09b1016046f4b56c8ce6dbad77325026c0f951bacea8cc9a4805e109879a2e", "changes": [{"field": "publication_status", "old_value": "legacy_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/q226_earningsxprxdraftxvf.htm", "title": "Q2 2026 results / balance sheet", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 results / balance sheet", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 investor presentation", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000041/cifr-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_ex9901.htm", "title": "Barber Lake initial lease", "date": "2025-09-25", "category": "Company Filings", "supports": "Barber Lake initial lease", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9901.htm", "title": "Barber Lake expansion", "date": "2025-11-20", "category": "Company Filings", "supports": "Barber Lake expansion", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm", "title": "Black Pearl AWS lease / financing", "date": "2026-02-24", "category": "Financing / Counterparty Sources", "supports": "Black Pearl AWS lease / financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326001480/dp240991_ex9901.htm", "title": "Black Pearl financing", "date": "2026-02-03", "category": "Financing / Counterparty Sources", "supports": "Black Pearl financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326008635/dp248110_ex9901.htm", "title": "Stingray AWS lease / financing", "date": "2026-06-08", "category": "Financing / Counterparty Sources", "supports": "Stingray AWS lease / financing", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "3b8ba4054131308c8a70ab83df2ecb5890d30b44498e174b022131c58ad3b0da"}}, "new_value": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/q226_earningsxprxdraftxvf.htm", "title": "Q2 2026 results / balance sheet", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 results / balance sheet", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 investor presentation", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000041/cifr-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_ex9901.htm", "title": "Barber Lake initial lease", "date": "2025-09-25", "category": "Company Filings", "supports": "Barber Lake initial lease", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9901.htm", "title": "Barber Lake expansion", "date": "2025-11-20", "category": "Company Filings", "supports": "Barber Lake expansion", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm", "title": "Black Pearl AWS lease / financing", "date": "2026-02-24", "category": "Financing / Counterparty Sources", "supports": "Black Pearl AWS lease / financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326001480/dp240991_ex9901.htm", "title": "Black Pearl financing", "date": "2026-02-03", "category": "Financing / Counterparty Sources", "supports": "Black Pearl financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326008635/dp248110_ex9901.htm", "title": "Stingray AWS lease / financing", "date": "2026-06-08", "category": "Financing / Counterparty Sources", "supports": "Stingray AWS lease / financing", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "3b8ba4054131308c8a70ab83df2ecb5890d30b44498e174b022131c58ad3b0da"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "CIFR", "company": "Cipher Mining", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 17.74, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 22.28325099556435, "probability_weighted": 20.791005782122816, "scenarios": {"failure": {"fair_value": 0.6227908477196142, "probability": 0.1}, "bear": {"fair_value": 7.39949900410001, "probability": 0.25}, "base": {"fair_value": 22.28325099556435, "probability": 0.45}, "bull": {"fair_value": 44.25694499160946, "probability": 0.2}}, "monte_carlo_median": 18.327755489869983, "method": "Contract DCF + risked pipeline NAV"}, "thesis": {"pillars": ["Contracted HPC leases are valued through lease cash flow and NOI rather than neocloud ARR multiples.", "Uncontracted power and sites receive readiness-weighted development value, with delivery and financing gates.", "Project debt reduces the external equity requirement but does not remove residual funding and dilution."], "variant": "The key comparison is contracted lease value plus risked development NAV, after capital requirements. NOI per MW is not directly comparable with GPU-cloud ARR per MW.", "risks": ["Pipeline conversion may fall short of risked capacity assumptions.", "Development cost and project-debt terms may worsen.", "Warrants, converts and residual financing can dilute project-level gains."], "summary": "Cipher’s investment case rests on contracted HPC lease cash flows and the conversion of development sites into financeable projects. Construction costs, financing terms and dilution determine how much project value reaches each share."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/q226_earningsxprxdraftxvf.htm", "title": "Q2 2026 results / balance sheet", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 results / balance sheet", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 investor presentation", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000041/cifr-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_ex9901.htm", "title": "Barber Lake initial lease", "date": "2025-09-25", "category": "Company Filings", "supports": "Barber Lake initial lease", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9901.htm", "title": "Barber Lake expansion", "date": "2025-11-20", "category": "Company Filings", "supports": "Barber Lake expansion", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm", "title": "Black Pearl AWS lease / financing", "date": "2026-02-24", "category": "Financing / Counterparty Sources", "supports": "Black Pearl AWS lease / financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326001480/dp240991_ex9901.htm", "title": "Black Pearl financing", "date": "2026-02-03", "category": "Financing / Counterparty Sources", "supports": "Black Pearl financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326008635/dp248110_ex9901.htm", "title": "Stingray AWS lease / financing", "date": "2026-06-08", "category": "Financing / Counterparty Sources", "supports": "Stingray AWS lease / financing", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "3b8ba4054131308c8a70ab83df2ecb5890d30b44498e174b022131c58ad3b0da"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/CIFR"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/cifr", "model": "https://dilikogluresearch.com/cifr_model", "native_model": "https://dilikogluresearch.com/api/model/CIFR", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=CIFR"}, "model_version": "bd56dedae9b509553202b6ba169db14fdc12db8fa0556b6263d69a06421c5649"}}, {"id": "9b773a374d0fc76589ac405deed2ef699e88e071bebf73bd7d41a35a4592c0a7", "ticker": "AEHR", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-20", "model_version": "2d744a662163cc991103ba8dc0738af92918a7f040af3eabc3177826908e2114", "research_version": "18a7a7587a9a0b90cbe0ce513d5453653998b7b30fb9d70f4afa7a1bf06be6fd", "changes": [{"field": "publication_status", "old_value": "reviewed_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [{"id": "fy26-10k", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"id": "fy26-results", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"id": "fiscal-calendar", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"id": "aug-order", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"id": "photonics", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"id": "price", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"id": "price-check", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"id": "fy26-call", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "source_type": "Primary company disclosure", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"category": "Company Materials", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "source_type": "Primary company disclosure", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"category": "Company Filings", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "source_type": "Primary company disclosure", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"category": "Company Materials", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"category": "Company Materials", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"category": "Industry / Market Data", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"category": "Industry / Market Data", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "source_type": "Market data", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"category": "Company Materials", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "source_type": "Management remarks via third-party transcript", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "lineage": [{"input": "Reported financial anchors and claims", "classification": "Reported", "treatment": "FY2026 audited May 29 financial statements. July 20 ordinary shares are the latest count located; May awards require a DR post-period vesting bridge. Restricted cash is excluded. ATM cash and issued shares are already in the balance sheet."}, {"input": "FY2027 management outlook", "classification": "Management guidance-commentary", "treatment": "Revenue $130–150m; CEO and CFO explicitly state pretax non-GAAP profitability of 18–22%. The filed release says net income without specifying pretax. Base adopts the explicit call basis; the after-tax reading is separately sensitized. No tax gross-up in the primary EBIT bridge. Interest and adjusted tax rates remain DR estimates."}, {"input": "Fiscal timing and opening cash", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 runs June 27, 2026–June 25, 2027. The prior 28-day stub is separate. September 18 cash and working capital are estimated by bridging May statements through the stub and 83/91 of a DR Q1 forecast. Elapsed cash flows are not valued again. Fixed costs, depreciation, award expense and interest use elapsed calendar time; revenue uses the seasonal quarterly ramp."}, {"input": "Orders and customer forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "May backlog plus $20m subsequent bookings underlying July effective backlog plus the separate August $22m order support the order bridge. These are gross dated observations, not a current net backlog. FY2027 bookings include those post-May orders; neither they nor the $41m April order are added again. Unpriced photonics orders, pilot tests and customer capacity forecasts are not guaranteed revenue."}, {"input": "Product economics and cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Six mutually exclusive end-market/program revenue paths include systems, initial and repeat consumables and services. They are partitioned into reported product categories, never added on top. FY2027 Base: $50m package AI, $48m existing wafer AI, $24.5m photonics, $17.5m power/other, zero new AI and memory. This reconciles 70% AI, 17.5% photonics and ~30% consumables commentary. All future cohort amounts, product allocations and margins are DR estimates. No unnamed customer identity is inferred. Power/other includes residual service revenue. Orders are not additional revenue."}, {"input": "SBC, awards and tax assets", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution and their remaining noncash expense is added back. Future SBC remains a cash-equivalent economic cost, not an extra share reserve. SAR and unpaid issuance liabilities are excluded from operating working capital and paid once in the interim bridge. Tax assets reduce forecast cash taxes subject to a recovery estimate; no separate DTA addition to equity."}, {"input": "Terminal value, scenarios and Monte Carlo", "classification": "Dilikoğlu Research estimate", "treatment": "Ten fiscal years to FY2036 with a five-year growth normalization. Primary terminal value is recurring economic EBIT after future SBC at 8/12/20/25x for Failure/Bear/Base/Bull. Sector valuation inputs match COHR: WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%; all are DR judgments. Perpetuity FCFF is a separate unblended cross-check. AEHR operating paths remain company-specific. Exit multiples have 15% log dispersion correlated with demand; other simulation distributions remain AEHR-specific."}, {"input": "Customer adoption forecast", "classification": "Dilikoğlu Research estimate", "treatment": "Base existing AI programs expand with device ramps; new AI wafer production begins FY2028 after pilot acceptance. Memory is zero through FY2028, then $5m/$15m/$30m in FY2029–31 conditional on a sponsored development program. Bull permits earlier adoption; Bear/Failure include no memory revenue. These are conditional forecasts, not management multi-year guidance. Package growth assumes second-device expansion; wafer growth does not additionally count conversion of the same package device. Qualification failures require cohort removal."}, {"input": "Pricing and capacity cross-check", "classification": "Management guidance-commentary", "treatment": "Management described ~$600–700k Sonoma bundles including consumables, ~$5m FOX bundles, roughly $50m FY2027 package revenue, and conditional capacity around 20 external Sonoma and 20 internal FOX systems per month. Revenue / bundle ASP is an illustrative bundle-equivalent diagnostic: separate consumables and services mean it is not a shipment forecast. Manufacturing capacity is not demand or a revenue commitment. Hiring, supplier availability and customer forecasts are required."}, {"input": "Base forecast calibration and delivery conditions", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 package revenue uses the approximate $50m call anchor; existing wafer AI is 70% of $140m less package revenue; photonics uses the 17.5% midpoint; power/other is the residual. Through FY2031, DR existing package/wafer forecasts reach $145m/$160m as second-device and existing-program ramps recur. New AI contributes $110m only after successful pilot conversion; photonics $95m assumes repeated optical deployments; power/other $42m assumes gradual recovery; memory $30m requires development sponsorship. These dollar paths are analyst scenario judgments, not quantities disclosed by management. At illustrative call pricing, FY2031 Base revenue corresponds to ~223 Sonoma bundles and ~87 FOX bundles if all respective revenue were bundled system sales; repeat consumables reduce implied system needs. Near-term capacity is only a feasibility check. Bull requires further package capacity or higher-value configurations; neither is committed. No capacity figure is added to forecast demand."}], "model_provenance": {"command": "node scripts/build_aehr.cjs", "input_sha256": "800c2ad7dc438c87a8067247c7456e8aa1deb9307e77ad6a360f5c931e2493cb", "engine_sha256": "a8d06c5c7fb972c7e77f1a17f041bbfce6547c5471732f27ce356e6c7833d72e"}}, "new_value": {"model_sources": [{"id": "fy26-10k", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"id": "fy26-results", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"id": "fiscal-calendar", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"id": "aug-order", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"id": "photonics", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"id": "price", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"id": "price-check", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"id": "fy26-call", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "source_type": "Primary company disclosure", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"category": "Company Materials", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "source_type": "Primary company disclosure", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"category": "Company Filings", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "source_type": "Primary company disclosure", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"category": "Company Materials", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"category": "Company Materials", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"category": "Industry / Market Data", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"category": "Industry / Market Data", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "source_type": "Market data", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"category": "Company Materials", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "source_type": "Management remarks via third-party transcript", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "lineage": [{"input": "Reported financial anchors and claims", "classification": "Reported", "treatment": "FY2026 audited May 29 financial statements. July 20 ordinary shares are the latest count located; May awards require a DR post-period vesting bridge. Restricted cash is excluded. ATM cash and issued shares are already in the balance sheet."}, {"input": "FY2027 management outlook", "classification": "Management guidance-commentary", "treatment": "Revenue $130–150m; CEO and CFO explicitly state pretax non-GAAP profitability of 18–22%. The filed release says net income without specifying pretax. Base adopts the explicit call basis; the after-tax reading is separately sensitized. No tax gross-up in the primary EBIT bridge. Interest and adjusted tax rates remain DR estimates."}, {"input": "Fiscal timing and opening cash", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 runs June 27, 2026–June 25, 2027. The prior 28-day stub is separate. September 18 cash and working capital are estimated by bridging May statements through the stub and 83/91 of a DR Q1 forecast. Elapsed cash flows are not valued again. Fixed costs, depreciation, award expense and interest use elapsed calendar time; revenue uses the seasonal quarterly ramp."}, {"input": "Orders and customer forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "May backlog plus $20m subsequent bookings underlying July effective backlog plus the separate August $22m order support the order bridge. These are gross dated observations, not a current net backlog. FY2027 bookings include those post-May orders; neither they nor the $41m April order are added again. Unpriced photonics orders, pilot tests and customer capacity forecasts are not guaranteed revenue."}, {"input": "Product economics and cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Six mutually exclusive end-market/program revenue paths include systems, initial and repeat consumables and services. They are partitioned into reported product categories, never added on top. FY2027 Base: $50m package AI, $48m existing wafer AI, $24.5m photonics, $17.5m power/other, zero new AI and memory. This reconciles 70% AI, 17.5% photonics and ~30% consumables commentary. All future cohort amounts, product allocations and margins are DR estimates. No unnamed customer identity is inferred. Power/other includes residual service revenue. Orders are not additional revenue."}, {"input": "SBC, awards and tax assets", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution and their remaining noncash expense is added back. Future SBC remains a cash-equivalent economic cost, not an extra share reserve. SAR and unpaid issuance liabilities are excluded from operating working capital and paid once in the interim bridge. Tax assets reduce forecast cash taxes subject to a recovery estimate; no separate DTA addition to equity."}, {"input": "Terminal value, scenarios and Monte Carlo", "classification": "Dilikoğlu Research estimate", "treatment": "Ten fiscal years to FY2036 with a five-year growth normalization. Primary terminal value is recurring economic EBIT after future SBC at 8/12/20/25x for Failure/Bear/Base/Bull. Sector valuation inputs match COHR: WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%; all are DR judgments. Perpetuity FCFF is a separate unblended cross-check. AEHR operating paths remain company-specific. Exit multiples have 15% log dispersion correlated with demand; other simulation distributions remain AEHR-specific."}, {"input": "Customer adoption forecast", "classification": "Dilikoğlu Research estimate", "treatment": "Base existing AI programs expand with device ramps; new AI wafer production begins FY2028 after pilot acceptance. Memory is zero through FY2028, then $5m/$15m/$30m in FY2029–31 conditional on a sponsored development program. Bull permits earlier adoption; Bear/Failure include no memory revenue. These are conditional forecasts, not management multi-year guidance. Package growth assumes second-device expansion; wafer growth does not additionally count conversion of the same package device. Qualification failures require cohort removal."}, {"input": "Pricing and capacity cross-check", "classification": "Management guidance-commentary", "treatment": "Management described ~$600–700k Sonoma bundles including consumables, ~$5m FOX bundles, roughly $50m FY2027 package revenue, and conditional capacity around 20 external Sonoma and 20 internal FOX systems per month. Revenue / bundle ASP is an illustrative bundle-equivalent diagnostic: separate consumables and services mean it is not a shipment forecast. Manufacturing capacity is not demand or a revenue commitment. Hiring, supplier availability and customer forecasts are required."}, {"input": "Base forecast calibration and delivery conditions", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 package revenue uses the approximate $50m call anchor; existing wafer AI is 70% of $140m less package revenue; photonics uses the 17.5% midpoint; power/other is the residual. Through FY2031, DR existing package/wafer forecasts reach $145m/$160m as second-device and existing-program ramps recur. New AI contributes $110m only after successful pilot conversion; photonics $95m assumes repeated optical deployments; power/other $42m assumes gradual recovery; memory $30m requires development sponsorship. These dollar paths are analyst scenario judgments, not quantities disclosed by management. At illustrative call pricing, FY2031 Base revenue corresponds to ~223 Sonoma bundles and ~87 FOX bundles if all respective revenue were bundled system sales; repeat consumables reduce implied system needs. Near-term capacity is only a feasibility check. Bull requires further package capacity or higher-value configurations; neither is committed. No capacity figure is added to forecast demand."}], "model_provenance": {"command": "node scripts/build_aehr.cjs", "input_sha256": "800c2ad7dc438c87a8067247c7456e8aa1deb9307e77ad6a360f5c931e2493cb", "engine_sha256": "a8d06c5c7fb972c7e77f1a17f041bbfce6547c5471732f27ce356e6c7833d72e"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "AEHR", "company": "Aehr Test Systems", "currency": "USD", "model_as_of": "2026-09-20", "valuation_date": "2026-09-18", "valuation_horizon": null, "reference_price": {"value": 93.49, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 77.59176475128686, "probability_weighted": 86.95644848076564, "scenarios": {"failure": {"fair_value": 0.5376660889675025, "probability": 0.1}, "bear": {"fair_value": 11.856924115454849, "probability": 0.25}, "base": {"fair_value": 77.59176475128686, "probability": 0.45}, "bull": {"fair_value": 245.11078352463045, "probability": 0.2}}, "monte_carlo_median": 50.75495793529254, "method": "Remaining FY2027–FY2036 cash flows plus exit EV/EBIT; finite awards / tax shield; perpetuity FCFF cross-check"}, "thesis": {"summary": "Aehr’s opportunity is to convert AI and photonics qualification into accepted equipment and contactor sales. This guidance-aligned scenario model values cash conversion and long-term adoption, with explicit estimates for the fiscal transition, compensation and working capital.", "pillars": ["Existing and new AI, photonics, power and memory forecasts reconcile to systems, consumables and services.", "FY2027 Base uses revenue guidance midpoint and the call’s explicit pretax profitability midpoint; source wording conflict is disclosed.", "Backlog conversion, customer concentration and working capital determine shareholder cash returns."], "risks": ["Production qualification or customer acceptance delays revenue.", "Burn-in intensity, competing solutions or reduced sampling weaken repeat demand.", "Market expectations require sustained growth beyond the next year’s guidance."], "variant": "Booked orders support delivery visibility; they do not eliminate customer, technology or valuation risk."}, "governance": [{"signal": "FY2027 revenue", "trigger": "Below $130m guide floor or repeated acceptance delays", "action": "Review backlog conversion, collections and scenario weights"}, {"signal": "Profit conversion", "trigger": "Non-GAAP pretax margin below 18% despite guide-level revenue", "action": "Rebuild gross margin, opex and SBC bridge"}, {"signal": "Order replacement", "trigger": "Two quarters of book-to-bill below 1 or material cancellation", "action": "Lower delivery and consumables growth assumptions"}, {"signal": "Working capital", "trigger": "Receivables >110 days or inventory >220 days at scale", "action": "Stress cash conversion and funding availability"}, {"signal": "Technology adoption", "trigger": "Pilot programs fail to reach production; burn-in intensity declines", "action": "Remove uncontracted platform expansion assumptions"}, {"signal": "Customer / financing risk", "trigger": "Material customer default, repeated dilution or cash below reserve", "action": "Reassess going-concern funding and downside equity value"}], "sources": {"model_sources": [{"id": "fy26-10k", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"id": "fy26-results", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"id": "fiscal-calendar", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"id": "aug-order", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"id": "photonics", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"id": "price", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"id": "price-check", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"id": "fy26-call", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "source_type": "Primary company disclosure", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"category": "Company Materials", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "source_type": "Primary company disclosure", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"category": "Company Filings", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "source_type": "Primary company disclosure", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"category": "Company Materials", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"category": "Company Materials", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"category": "Industry / Market Data", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"category": "Industry / Market Data", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "source_type": "Market data", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"category": "Company Materials", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "source_type": "Management remarks via third-party transcript", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "lineage": [{"input": "Reported financial anchors and claims", "classification": "Reported", "treatment": "FY2026 audited May 29 financial statements. July 20 ordinary shares are the latest count located; May awards require a DR post-period vesting bridge. Restricted cash is excluded. ATM cash and issued shares are already in the balance sheet."}, {"input": "FY2027 management outlook", "classification": "Management guidance-commentary", "treatment": "Revenue $130–150m; CEO and CFO explicitly state pretax non-GAAP profitability of 18–22%. The filed release says net income without specifying pretax. Base adopts the explicit call basis; the after-tax reading is separately sensitized. No tax gross-up in the primary EBIT bridge. Interest and adjusted tax rates remain DR estimates."}, {"input": "Fiscal timing and opening cash", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 runs June 27, 2026–June 25, 2027. The prior 28-day stub is separate. September 18 cash and working capital are estimated by bridging May statements through the stub and 83/91 of a DR Q1 forecast. Elapsed cash flows are not valued again. Fixed costs, depreciation, award expense and interest use elapsed calendar time; revenue uses the seasonal quarterly ramp."}, {"input": "Orders and customer forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "May backlog plus $20m subsequent bookings underlying July effective backlog plus the separate August $22m order support the order bridge. These are gross dated observations, not a current net backlog. FY2027 bookings include those post-May orders; neither they nor the $41m April order are added again. Unpriced photonics orders, pilot tests and customer capacity forecasts are not guaranteed revenue."}, {"input": "Product economics and cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Six mutually exclusive end-market/program revenue paths include systems, initial and repeat consumables and services. They are partitioned into reported product categories, never added on top. FY2027 Base: $50m package AI, $48m existing wafer AI, $24.5m photonics, $17.5m power/other, zero new AI and memory. This reconciles 70% AI, 17.5% photonics and ~30% consumables commentary. All future cohort amounts, product allocations and margins are DR estimates. No unnamed customer identity is inferred. Power/other includes residual service revenue. Orders are not additional revenue."}, {"input": "SBC, awards and tax assets", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution and their remaining noncash expense is added back. Future SBC remains a cash-equivalent economic cost, not an extra share reserve. SAR and unpaid issuance liabilities are excluded from operating working capital and paid once in the interim bridge. Tax assets reduce forecast cash taxes subject to a recovery estimate; no separate DTA addition to equity."}, {"input": "Terminal value, scenarios and Monte Carlo", "classification": "Dilikoğlu Research estimate", "treatment": "Ten fiscal years to FY2036 with a five-year growth normalization. Primary terminal value is recurring economic EBIT after future SBC at 8/12/20/25x for Failure/Bear/Base/Bull. Sector valuation inputs match COHR: WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%; all are DR judgments. Perpetuity FCFF is a separate unblended cross-check. AEHR operating paths remain company-specific. Exit multiples have 15% log dispersion correlated with demand; other simulation distributions remain AEHR-specific."}, {"input": "Customer adoption forecast", "classification": "Dilikoğlu Research estimate", "treatment": "Base existing AI programs expand with device ramps; new AI wafer production begins FY2028 after pilot acceptance. Memory is zero through FY2028, then $5m/$15m/$30m in FY2029–31 conditional on a sponsored development program. Bull permits earlier adoption; Bear/Failure include no memory revenue. These are conditional forecasts, not management multi-year guidance. Package growth assumes second-device expansion; wafer growth does not additionally count conversion of the same package device. Qualification failures require cohort removal."}, {"input": "Pricing and capacity cross-check", "classification": "Management guidance-commentary", "treatment": "Management described ~$600–700k Sonoma bundles including consumables, ~$5m FOX bundles, roughly $50m FY2027 package revenue, and conditional capacity around 20 external Sonoma and 20 internal FOX systems per month. Revenue / bundle ASP is an illustrative bundle-equivalent diagnostic: separate consumables and services mean it is not a shipment forecast. Manufacturing capacity is not demand or a revenue commitment. Hiring, supplier availability and customer forecasts are required."}, {"input": "Base forecast calibration and delivery conditions", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 package revenue uses the approximate $50m call anchor; existing wafer AI is 70% of $140m less package revenue; photonics uses the 17.5% midpoint; power/other is the residual. Through FY2031, DR existing package/wafer forecasts reach $145m/$160m as second-device and existing-program ramps recur. New AI contributes $110m only after successful pilot conversion; photonics $95m assumes repeated optical deployments; power/other $42m assumes gradual recovery; memory $30m requires development sponsorship. These dollar paths are analyst scenario judgments, not quantities disclosed by management. At illustrative call pricing, FY2031 Base revenue corresponds to ~223 Sonoma bundles and ~87 FOX bundles if all respective revenue were bundled system sales; repeat consumables reduce implied system needs. Near-term capacity is only a feasibility check. Bull requires further package capacity or higher-value configurations; neither is committed. No capacity figure is added to forecast demand."}], "model_provenance": {"command": "node scripts/build_aehr.cjs", "input_sha256": "800c2ad7dc438c87a8067247c7456e8aa1deb9307e77ad6a360f5c931e2493cb", "engine_sha256": "a8d06c5c7fb972c7e77f1a17f041bbfce6547c5471732f27ce356e6c7833d72e"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.fy26Revenue", "value": 0.050001, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.fy25Revenue", "value": 0.058968, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.fy24Revenue", "value": 0.066218, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.productRevenue.0", "value": 0.028669, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.productRevenue.1", "value": 0.014887, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.productRevenue.2", "value": 0.006445, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.costOfRevenue", "value": 0.03235, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.rd", "value": 0.012633, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.sga", "value": 0.019161, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.ebit", "value": -0.014149, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.netIncome", "value": -0.007126, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.cfo", "value": -0.00331, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.capex", "value": 0.002066, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.sbc", "value": 0.006761, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.da", "value": 0.002799, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.cash", "value": 0.116358, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.restrictedCash", "value": 0.00015, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.receivables", "value": 0.017473, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.inventory", "value": 0.041354, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.prepaidAssets", "value": 0.009263, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.payables", "value": 0.006754, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.accruals", "value": 0.005283, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.deferredRevenue", "value": 0.005226, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.ppe", "value": 0.00894, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.intangibles", "value": 0.009552, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.deferredTaxAssets", "value": 0.023829, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.leaseLiability", "value": 0.009882, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.fundedDebt", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.mayShares", "value": 0.03248, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.julyShares", "value": 0.03262045, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.rsus", "value": 0.000707, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.maximumExtraPerformanceShares", "value": 7.1e-05, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.options", "value": 0.000316, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.optionStrike", "value": 5.11, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.unrecognizedAwardExpense", "value": 0.0089, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.awardYears", "value": 2.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.sarLiability", "value": 0.0006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.issuancePayable", "value": 0.000296, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.atmNetCash", "value": 0.097395, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.backlog", "value": 0.0806, "classification": "Reported", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.effectiveBacklog", "value": 0.1006, "classification": "Reported", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.augustOrder", "value": 0.022, "classification": "Reported", "sourceUrl": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.q4Revenue", "value": 0.018835, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.topCustomerShare", "value": 0.263, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.0", "value": 0.001183, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.1", "value": 0.000981, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.2", "value": 0.000939, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.3", "value": 0.000939, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.4", "value": 0.000939, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.5", "value": 0.004571, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.revenueLow", "value": 0.13, "classification": "Management guidance-commentary", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.revenueHigh", "value": 0.15, "classification": "Management guidance-commentary", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.pretaxMarginLow", "value": 0.18, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.pretaxMarginHigh", "value": 0.22, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.sonomaFy27Revenue", "value": 0.05, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.sonomaBundleAspLow", "value": 0.0006, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.sonomaBundleAspHigh", "value": 0.0007, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.foxBundleAsp", "value": 0.005, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.aiRevenueShare", "value": 0.7, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.photonicsShareLow", "value": 0.15, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.photonicsShareHigh", "value": 0.2, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.consumablesShare", "value": 0.3, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.externalSonomaPerMonth", "value": 20, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.potentialInternalFoxPerMonth", "value": 20, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.memoryFy27Revenue", "value": 0, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.0", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.1", "value": 0.31, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.2", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.3", "value": 0.26, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.elapsedQ1Fraction", "value": 0.9120879120879121, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.stubRevenue", "value": 0.002, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.stubCashBurn", "value": 0.002, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.interimWorkingCapitalFraction", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.interimCapex", "value": 0.00075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.postMayAwardVesting", "value": 0.0001, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.extraPerformanceFraction", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.operatingPrepaidFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.operatingCashReserve", "value": 0.012, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.otherOperatingAssetRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.accrualRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.terminalFadeYears", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.financingFee", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fy27Revenue", "value": 0.078, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productGrossMargins.0", "value": 0.33, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productGrossMargins.1", "value": 0.47, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productGrossMargins.2", "value": 0.38, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalNonGaapMargin", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 240, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cashOpexGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrossMargin", "value": 0.43, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cashYield", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.taxAssetRecovery", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fy27Bookings", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.backlogCancellation", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.knownOrderConversion", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.depositRate", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.futureBookToBill", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLoss", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fundingPrice", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.equityCapacity", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fy27PretaxMargin", "value": -0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.0", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.1", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.2", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.3", "value": 0.026, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.4", "value": 0.027, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.0", "value": 0.024, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.1", "value": 0.022, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.2", "value": 0.022, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.3", "value": 0.023, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.4", "value": 0.024, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.3", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.4", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.0", "value": 0.014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.1", "value": 0.013, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.2", "value": 0.014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.3", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.4", "value": 0.016, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.0", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.1", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.2", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.3", "value": 0.011, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.4", "value": 0.012, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.3", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.4", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fy27Revenue", "value": 0.115, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productGrossMargins.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productGrossMargins.1", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productGrossMargins.2", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalNonGaapMargin", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 200, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 40, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cashOpexGrowth", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrossMargin", "value": 0.49, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cashYield", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.taxAssetRecovery", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fy27Bookings", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.backlogCancellation", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.knownOrderConversion", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.depositRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.futureBookToBill", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLoss", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fundingPrice", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.equityCapacity", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fy27PretaxMargin", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.0", "value": 0.042, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.1", "value": 0.048, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.2", "value": 0.054, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.3", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.4", "value": 0.066, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.0", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.1", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.2", "value": 0.052, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.3", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.4", "value": 0.068, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.2", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.3", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.4", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.0", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.1", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.2", "value": 0.031, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.3", "value": 0.037, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.4", "value": 0.043, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.0", "value": 0.018, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.1", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.2", "value": 0.023, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.3", "value": 0.026, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.4", "value": 0.029, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.3", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.4", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fy27Revenue", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productGrossMargins.0", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productGrossMargins.1", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productGrossMargins.2", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalNonGaapMargin", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 175, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cashOpexGrowth", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrossMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cashYield", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.taxAssetRecovery", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fy27Bookings", "value": 0.185, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.backlogCancellation", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.knownOrderConversion", "value": 0.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.depositRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.futureBookToBill", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLoss", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fundingPrice", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.equityCapacity", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fy27PretaxMargin", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.1", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.2", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.3", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.4", "value": 0.145, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.0", "value": 0.048, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.1", "value": 0.072, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.2", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.3", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.4", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.1", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.2", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.3", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.4", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.0", "value": 0.0245, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.1", "value": 0.038, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.2", "value": 0.055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.3", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.4", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.0", "value": 0.0175, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.1", "value": 0.022, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.2", "value": 0.028, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.3", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.4", "value": 0.042, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.2", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.3", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.4", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fy27Revenue", "value": 0.165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productGrossMargins.0", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productGrossMargins.1", "value": 0.63, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productGrossMargins.2", "value": 0.47, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalNonGaapMargin", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 155, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 50, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cashOpexGrowth", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrossMargin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cashYield", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.taxAssetRecovery", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fy27Bookings", "value": 0.26, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.backlogCancellation", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.knownOrderConversion", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.depositRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.futureBookToBill", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLoss", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fundingPrice", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.equityCapacity", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fy27PretaxMargin", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.0", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.1", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.2", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.3", "value": 0.19, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.4", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.0", "value": 0.055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.1", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.2", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.3", "value": 0.195, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.4", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.0", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.1", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.2", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.3", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.4", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.0", "value": 0.0275, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.1", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.2", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.3", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.4", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.0", "value": 0.0175, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.1", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.2", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.3", "value": 0.048, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.4", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.1", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.3", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.4", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.normalizationGrowthCap", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.seed", "value": 20260920, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.growthSigma", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.marginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.workingCapitalSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.009, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.terminalMarginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.creditCorrelation", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.adoptionSigma", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.exitMultipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "referencePrice", "value": 93.49, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/aehr/history/", "note": "September 18 regular close, independently cross-checked. Not a live quote.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Reported financial anchors and claims", "classification": "Reported", "treatment": "FY2026 audited May 29 financial statements. July 20 ordinary shares are the latest count located; May awards require a DR post-period vesting bridge. Restricted cash is excluded. ATM cash and issued shares are already in the balance sheet."}, {"input": "FY2027 management outlook", "classification": "Management guidance-commentary", "treatment": "Revenue $130–150m; CEO and CFO explicitly state pretax non-GAAP profitability of 18–22%. The filed release says net income without specifying pretax. Base adopts the explicit call basis; the after-tax reading is separately sensitized. No tax gross-up in the primary EBIT bridge. Interest and adjusted tax rates remain DR estimates."}, {"input": "Fiscal timing and opening cash", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 runs June 27, 2026–June 25, 2027. The prior 28-day stub is separate. September 18 cash and working capital are estimated by bridging May statements through the stub and 83/91 of a DR Q1 forecast. Elapsed cash flows are not valued again. Fixed costs, depreciation, award expense and interest use elapsed calendar time; revenue uses the seasonal quarterly ramp."}, {"input": "Orders and customer forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "May backlog plus $20m subsequent bookings underlying July effective backlog plus the separate August $22m order support the order bridge. These are gross dated observations, not a current net backlog. FY2027 bookings include those post-May orders; neither they nor the $41m April order are added again. Unpriced photonics orders, pilot tests and customer capacity forecasts are not guaranteed revenue."}, {"input": "Product economics and cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Six mutually exclusive end-market/program revenue paths include systems, initial and repeat consumables and services. They are partitioned into reported product categories, never added on top. FY2027 Base: $50m package AI, $48m existing wafer AI, $24.5m photonics, $17.5m power/other, zero new AI and memory. This reconciles 70% AI, 17.5% photonics and ~30% consumables commentary. All future cohort amounts, product allocations and margins are DR estimates. No unnamed customer identity is inferred. Power/other includes residual service revenue. Orders are not additional revenue."}, {"input": "SBC, awards and tax assets", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution and their remaining noncash expense is added back. Future SBC remains a cash-equivalent economic cost, not an extra share reserve. SAR and unpaid issuance liabilities are excluded from operating working capital and paid once in the interim bridge. Tax assets reduce forecast cash taxes subject to a recovery estimate; no separate DTA addition to equity."}, {"input": "Terminal value, scenarios and Monte Carlo", "classification": "Dilikoğlu Research estimate", "treatment": "Ten fiscal years to FY2036 with a five-year growth normalization. Primary terminal value is recurring economic EBIT after future SBC at 8/12/20/25x for Failure/Bear/Base/Bull. Sector valuation inputs match COHR: WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%; all are DR judgments. Perpetuity FCFF is a separate unblended cross-check. AEHR operating paths remain company-specific. Exit multiples have 15% log dispersion correlated with demand; other simulation distributions remain AEHR-specific."}, {"input": "Customer adoption forecast", "classification": "Dilikoğlu Research estimate", "treatment": "Base existing AI programs expand with device ramps; new AI wafer production begins FY2028 after pilot acceptance. Memory is zero through FY2028, then $5m/$15m/$30m in FY2029–31 conditional on a sponsored development program. Bull permits earlier adoption; Bear/Failure include no memory revenue. These are conditional forecasts, not management multi-year guidance. Package growth assumes second-device expansion; wafer growth does not additionally count conversion of the same package device. Qualification failures require cohort removal."}, {"input": "Pricing and capacity cross-check", "classification": "Management guidance-commentary", "treatment": "Management described ~$600–700k Sonoma bundles including consumables, ~$5m FOX bundles, roughly $50m FY2027 package revenue, and conditional capacity around 20 external Sonoma and 20 internal FOX systems per month. Revenue / bundle ASP is an illustrative bundle-equivalent diagnostic: separate consumables and services mean it is not a shipment forecast. Manufacturing capacity is not demand or a revenue commitment. Hiring, supplier availability and customer forecasts are required."}, {"input": "Base forecast calibration and delivery conditions", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 package revenue uses the approximate $50m call anchor; existing wafer AI is 70% of $140m less package revenue; photonics uses the 17.5% midpoint; power/other is the residual. Through FY2031, DR existing package/wafer forecasts reach $145m/$160m as second-device and existing-program ramps recur. New AI contributes $110m only after successful pilot conversion; photonics $95m assumes repeated optical deployments; power/other $42m assumes gradual recovery; memory $30m requires development sponsorship. These dollar paths are analyst scenario judgments, not quantities disclosed by management. At illustrative call pricing, FY2031 Base revenue corresponds to ~223 Sonoma bundles and ~87 FOX bundles if all respective revenue were bundled system sales; repeat consumables reduce implied system needs. Near-term capacity is only a feasibility check. Bull requires further package capacity or higher-value configurations; neither is committed. No capacity figure is added to forecast demand."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AEHR"}, "model_note": "DR cohort forecast anchored to FY2027 guidance, management customer commentary and August orders. Pretax margin follows explicit call wording; release wording differs. September 18 opening balances are estimated from May disclosures. No recommendation assigned.", "limitations": ["FY2027 Q1 and the 28-day transition period are not yet reported as of this review; the interim balance sheet and quarterly ramp are estimates.", "Management provides approximate bundle pricing, mix and conditional capacity, but not audited customer-level forecasts, actual future shipments, standalone consumables attach rates or platform margins. Cohort forecasts and product allocations remain DR estimates.", "May award tables and July ordinary shares are reconciled using estimated vesting; exact September award balances remain unavailable.", "Tax-asset utilization is modeled as a finite cash-tax shield, not a jurisdiction-by-jurisdiction tax return. Annual cash checks cannot establish daily liquidity.", "Demand can be lumpy and customers can reduce burn-in time or sample fewer devices. Product sales do not establish recurring ARR.", "Terminal returns and long-term adoption drive much of value; the simulation is conditional on analyst assumptions and does not measure objective probabilities.", "Margin basis conflicts between the filed release and call. Primary forecast uses explicit pretax call wording; the after-tax interpretation is a sensitivity. An estimated 18% adjusted tax rate is used only for after-tax earnings disclosure, while FCFF uses 23% normalized cash tax and finite tax savings."], "links": {"coverage": "https://dilikogluresearch.com/coverage/aehr", "model": "https://dilikogluresearch.com/aehr_model", "native_model": "https://dilikogluresearch.com/api/model/AEHR", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AEHR"}, "model_version": "2d744a662163cc991103ba8dc0738af92918a7f040af3eabc3177826908e2114"}}, {"id": "a0a7e0769df194c4afd551e0bcdc59011a93418f9750e0130cd1539fe75fffd8", "ticker": "IREN", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "962cac2a969d475f3a2c7b25228540c4124874fa4595999dec49fd3c49e39eaa", "research_version": "a88ddaaf8a84e34b16350f99c876c38e86ed3c34b92fb485acf7a87ce41d520b", "changes": [{"field": "publication_status", "old_value": "legacy_baseline", "new_value": "published_coverage"}, {"field": "latest_report", "old_value": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": null, "reference_date": null, "target_price": null, "target_basis": null, "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13"}, "new_value": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 44.67, "reference_date": "Inherited model reference; closing date not independently verified", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13"}}, {"field": "sources", "old_value": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "2ff34739e5c8b7db0ae0ef8d0520e4a7e75fc8d9c9d25bcb3c7442ce1b205d61"}}, "new_value": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "2ff34739e5c8b7db0ae0ef8d0520e4a7e75fc8d9c9d25bcb3c7442ce1b205d61"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}], "open": [{"title": "Award reconciliation and security settlement", "materiality": "Material", "treatment": "June service/performance awards plus July CEO grants total 38.914m before intervening exercises or forfeitures, versus 38.646m modeled. The 0.268m bridge remains unresolved. Granted awards, net premium dilution and a separate future compensation reserve reduce value, but do not prove all unresolved terms conservative. Exact settlement eligibility and subsequent award movements still require reconciliation; no numerical model change is asserted by this review."}], "summary": "Selected security inputs rechecked against the FY26 Form 10-K on September 24, 2026. The remaining award and settlement reconciliation is material; forecasts remain DR estimates."}}}], "snapshot": {"schema_version": "1.0", "ticker": "IREN", "company": "IREN Limited", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 44.67, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "published_coverage", "model_rating": null, "latest_report": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 44.67, "reference_date": "Inherited model reference; closing date not independently verified", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13"}, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 111.22492066760168, "probability_weighted": 98.90941702234045, "scenarios": {"failure": {"fair_value": 6.081111522341276, "probability": 0.1}, "bear": {"fair_value": 43.029821067614165, "probability": 0.25}, "base": {"fair_value": 111.22492066760168, "probability": 0.45}, "bull": {"fair_value": 187.46318151391011, "probability": 0.2}}, "monte_carlo_median": 95.4570649164615, "method": "EV/ARR + residual power value"}, "thesis": {"pillars": ["Owned power and data-center infrastructure can support financing capacity and residual value beyond the GPU fleet.", "New-cohort AI-cloud pricing must be supported by customer economics; secured power alone does not justify a higher ARR/MW assumption.", "Customer prepayments and project financing can reduce residual common-equity needs, provided commissioning and cash timing align."], "variant": "The underwriting separates the value of delivered AI-cloud economics from owned infrastructure and secured-power optionality. Capacity that has not become a financeable project does not earn the same treatment as operating capacity.", "risks": ["Contract conversion and commissioning may lag the deployment schedule.", "Capital intensity and funding costs may absorb operating gains.", "Options, RSUs, convertible claims and future funding dilute common-share value."], "summary": "IREN’s opportunity is to turn owned power and data-center infrastructure into profitable AI-cloud capacity. Per-share value depends on contract economics, timely deployment and project funding that limits common-equity dilution."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "2ff34739e5c8b7db0ae0ef8d0520e4a7e75fc8d9c9d25bcb3c7442ce1b205d61"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}], "open": [{"title": "Award reconciliation and security settlement", "materiality": "Material", "treatment": "June service/performance awards plus July CEO grants total 38.914m before intervening exercises or forfeitures, versus 38.646m modeled. The 0.268m bridge remains unresolved. Granted awards, net premium dilution and a separate future compensation reserve reduce value, but do not prove all unresolved terms conservative. Exact settlement eligibility and subsequent award movements still require reconciliation; no numerical model change is asserted by this review."}], "summary": "Selected security inputs rechecked against the FY26 Form 10-K on September 24, 2026. The remaining award and settlement reconciliation is material; forecasts remain DR estimates."}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/IREN"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/iren", "model": "https://dilikogluresearch.com/iren_model", "native_model": "https://dilikogluresearch.com/api/model/IREN", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=IREN"}, "model_version": "962cac2a969d475f3a2c7b25228540c4124874fa4595999dec49fd3c49e39eaa"}}, {"id": "a7eb9728c364311072a659c9d981aea811383ae07686669fb617df5f510fea4a", "ticker": "AMD", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-14", "model_version": "7f8fcab6d4519e7c6338875e34471b19a711404ce6a6765470842ee7b841f387", "research_version": "6bf8b17caf37f573d26b1e7b44ea519d3fdc0b5fdd3ab7bcf553ccac48d304f3", "changes": [{"field": "publication_status", "old_value": "reviewed_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [{"id": "q2-10q", "title": "Q2 2026 Form 10-Q", "date": "2026-08-05", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm"}, {"id": "q2-results", "title": "Q2 results and Q3 outlook slides", "date": "2026-08-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm"}, {"id": "fy25-10k", "title": "2025 Form 10-K", "date": "2026-02-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm"}, {"id": "analyst-day", "title": "2025 Financial Analyst Day targets", "date": "2025-11-11", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth"}, {"id": "openai-warrant", "title": "OpenAI warrant and purchase milestones", "date": "2025-10-06", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm"}, {"id": "meta-warrant", "title": "Meta warrant and purchase milestones", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm"}, {"id": "warrant-exhibit", "title": "Meta warrant: redacted milestone schedules", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm"}], "public_evidence": [{"category": "Company Filings", "title": "Q2 2026 Form 10-Q", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "date": "2026-08-05", "source_type": "Primary company disclosure", "supports": "Q2 2026 Form 10-Q"}, {"category": "Company Filings", "title": "Q2 results and Q3 outlook slides", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Q2 results and Q3 outlook slides"}, {"category": "Company Filings", "title": "2025 Form 10-K", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "date": "2026-02-04", "source_type": "Primary company disclosure", "supports": "2025 Form 10-K"}, {"category": "Company Materials", "title": "2025 Financial Analyst Day targets", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "date": "2025-11-11", "source_type": "Primary company disclosure", "supports": "2025 Financial Analyst Day targets"}, {"category": "Company Filings", "title": "OpenAI warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "date": "2025-10-06", "source_type": "Primary company disclosure", "supports": "OpenAI warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant: redacted milestone schedules", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant: redacted milestone schedules"}], "lineage": [{"input": "Financial anchors", "classification": "Reported", "treatment": "USD and share amounts converted to billions. Q2 segment revenues and H1 cash flow reconcile to filings; short-term securities are separate from long-term equities.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 midpoint and non-GAAP margin/opex anchor Base. Normalized tax guidance is not a guarantee of GAAP tax.", "source": "q2-results"}, {"input": "Long-range targets", "classification": "Management guidance-commentary", "treatment": "Analyst Day targets cover three to five years from November 2025. They are aspirations with execution risk, not an annual guarantee; model comparison uses FY2025 to FY2030.", "source": "analyst-day"}, {"input": "Operating forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "Five product cohorts sum to reported segment totals. H2 mix starts with the estimated Q2 split. 2027–2030 GPU and CPU growth are explicit annual paths from annualized H2; others compound at scenario rates. For 2031–2035, growth = 2030 product growth × (1 − transition step/5) + terminal growth × transition step/5. Base GPU growth therefore slows from 50% in 2030 to 40.6%, 31.2%, 21.8%, 12.4% and 3.0%. This is a DR competitive-normalization path, not a management commitment.", "source": "analyst-day"}, {"input": "Cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Receivables, inventory, payables and residual operating assets/accruals roll forward. Loan, restricted cash and investments are excluded from operating assets; capex payable is excluded from operating liabilities and paid separately once. Commitments are allocated between procurement and service expense floors, without double counting normal costs. Uncommenced leases have estimated deployment schedules and excess capacity loss exposure.", "source": "q2-10q"}, {"input": "Employee awards and customer warrants", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution, remaining expense is added back once; future SBC remains a cost. Customer warrant eligibility uses estimated customer revenue converted to GW through expiry and a smooth price-hurdle proxy. Price and dilution are solved jointly. No duplicate warrant fair-value deduction.", "source": "warrant-exhibit"}, {"input": "Capital and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Reported finite amortization is allocated through 2035; physical depreciation uses four/five-year remaining/new asset lives. Terminal cash flow removes expired amortization and finances growth at stated ROIC. WACC/perpetuity DCF is primary; discounted EV/EBIT is an unblended cross-check.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "Shared demand/execution shocks drive revenue, margin, capex, collection days, warrant delivery, investments and discount rates. 20,000 seeded draws use the deterministic engine.", "source": "analyst-day"}, {"input": "Liquidity and revolver", "classification": "Dilikoğlu Research estimate", "treatment": "Reported $5bn undrawn revolving facility is separate from cash and the $5.5bn commercial-paper program. Scenario-accessible revolver capacity is 50% / 75% / 100% / 100%; draws cover the operating reserve where possible, incur a 0.5% draw fee and interest, and repay from surplus cash or by estimated May 2031 maturity. Rates are 10% / 8% / 6.5% / 6%. No double counting of commercial-paper capacity or automatic renewal. Facility principal and interest affect the cash schedule; draw fees reduce FCFF. WACC captures debt financing in enterprise value, so future draws are not a second opening net-debt deduction.", "source": "q2-10q"}], "model_provenance": {"command": "node scripts/build_amd.cjs", "input_sha256": "7517d325e741aa0f1d54f14e02a89f83cfe07956f765083e93549e6dbdffb461"}}, "new_value": {"model_sources": [{"id": "q2-10q", "title": "Q2 2026 Form 10-Q", "date": "2026-08-05", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm"}, {"id": "q2-results", "title": "Q2 results and Q3 outlook slides", "date": "2026-08-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm"}, {"id": "fy25-10k", "title": "2025 Form 10-K", "date": "2026-02-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm"}, {"id": "analyst-day", "title": "2025 Financial Analyst Day targets", "date": "2025-11-11", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth"}, {"id": "openai-warrant", "title": "OpenAI warrant and purchase milestones", "date": "2025-10-06", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm"}, {"id": "meta-warrant", "title": "Meta warrant and purchase milestones", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm"}, {"id": "warrant-exhibit", "title": "Meta warrant: redacted milestone schedules", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm"}], "public_evidence": [{"category": "Company Filings", "title": "Q2 2026 Form 10-Q", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "date": "2026-08-05", "source_type": "Primary company disclosure", "supports": "Q2 2026 Form 10-Q"}, {"category": "Company Filings", "title": "Q2 results and Q3 outlook slides", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Q2 results and Q3 outlook slides"}, {"category": "Company Filings", "title": "2025 Form 10-K", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "date": "2026-02-04", "source_type": "Primary company disclosure", "supports": "2025 Form 10-K"}, {"category": "Company Materials", "title": "2025 Financial Analyst Day targets", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "date": "2025-11-11", "source_type": "Primary company disclosure", "supports": "2025 Financial Analyst Day targets"}, {"category": "Company Filings", "title": "OpenAI warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "date": "2025-10-06", "source_type": "Primary company disclosure", "supports": "OpenAI warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant: redacted milestone schedules", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant: redacted milestone schedules"}], "lineage": [{"input": "Financial anchors", "classification": "Reported", "treatment": "USD and share amounts converted to billions. Q2 segment revenues and H1 cash flow reconcile to filings; short-term securities are separate from long-term equities.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 midpoint and non-GAAP margin/opex anchor Base. Normalized tax guidance is not a guarantee of GAAP tax.", "source": "q2-results"}, {"input": "Long-range targets", "classification": "Management guidance-commentary", "treatment": "Analyst Day targets cover three to five years from November 2025. They are aspirations with execution risk, not an annual guarantee; model comparison uses FY2025 to FY2030.", "source": "analyst-day"}, {"input": "Operating forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "Five product cohorts sum to reported segment totals. H2 mix starts with the estimated Q2 split. 2027–2030 GPU and CPU growth are explicit annual paths from annualized H2; others compound at scenario rates. For 2031–2035, growth = 2030 product growth × (1 − transition step/5) + terminal growth × transition step/5. Base GPU growth therefore slows from 50% in 2030 to 40.6%, 31.2%, 21.8%, 12.4% and 3.0%. This is a DR competitive-normalization path, not a management commitment.", "source": "analyst-day"}, {"input": "Cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Receivables, inventory, payables and residual operating assets/accruals roll forward. Loan, restricted cash and investments are excluded from operating assets; capex payable is excluded from operating liabilities and paid separately once. Commitments are allocated between procurement and service expense floors, without double counting normal costs. Uncommenced leases have estimated deployment schedules and excess capacity loss exposure.", "source": "q2-10q"}, {"input": "Employee awards and customer warrants", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution, remaining expense is added back once; future SBC remains a cost. Customer warrant eligibility uses estimated customer revenue converted to GW through expiry and a smooth price-hurdle proxy. Price and dilution are solved jointly. No duplicate warrant fair-value deduction.", "source": "warrant-exhibit"}, {"input": "Capital and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Reported finite amortization is allocated through 2035; physical depreciation uses four/five-year remaining/new asset lives. Terminal cash flow removes expired amortization and finances growth at stated ROIC. WACC/perpetuity DCF is primary; discounted EV/EBIT is an unblended cross-check.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "Shared demand/execution shocks drive revenue, margin, capex, collection days, warrant delivery, investments and discount rates. 20,000 seeded draws use the deterministic engine.", "source": "analyst-day"}, {"input": "Liquidity and revolver", "classification": "Dilikoğlu Research estimate", "treatment": "Reported $5bn undrawn revolving facility is separate from cash and the $5.5bn commercial-paper program. Scenario-accessible revolver capacity is 50% / 75% / 100% / 100%; draws cover the operating reserve where possible, incur a 0.5% draw fee and interest, and repay from surplus cash or by estimated May 2031 maturity. Rates are 10% / 8% / 6.5% / 6%. No double counting of commercial-paper capacity or automatic renewal. Facility principal and interest affect the cash schedule; draw fees reduce FCFF. WACC captures debt financing in enterprise value, so future draws are not a second opening net-debt deduction.", "source": "q2-10q"}], "model_provenance": {"command": "node scripts/build_amd.cjs", "input_sha256": "7517d325e741aa0f1d54f14e02a89f83cfe07956f765083e93549e6dbdffb461"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "AMD", "company": "Advanced Micro Devices", "currency": "USD", "model_as_of": "2026-09-14", "valuation_date": "2026-06-27", "valuation_horizon": null, "reference_price": {"value": 516.13, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 524.7618521258253, "probability_weighted": 514.3351601541506, "scenarios": {"failure": {"fair_value": 14.329174500783804, "probability": 0.1}, "bear": {"fair_value": 117.44440532274285, "probability": 0.25}, "base": {"fair_value": 524.7618521258253, "probability": 0.45}, "bull": {"fair_value": 1236.9915395838257, "probability": 0.2}}, "monte_carlo_median": 421.34862112569874, "method": "H2 2026–FY2035 FCFF DCF; conditional warrants; exit EV/EBIT cross-check"}, "thesis": {"summary": "AMD’s opportunity combines Instinct accelerator adoption with EPYC and client processor growth. The model tests management’s growth ambitions against operating investment, cash conversion and customer-warrant dilution.", "pillars": ["Instinct and EPYC estimates reconcile to reported Data Center revenue.", "Operating leverage is anchored to quarterly guidance and long-term targets, with SBC retained as an economic cost.", "Cash commitments and conditional warrants determine the value captured by existing shareholders."], "risks": ["Helios qualification and customer deployment may lag expectations.", "Pricing, R&D and supply-chain investment can absorb revenue growth.", "Customer warrants dilute successful outcomes; exact milestone schedules are partly redacted."], "variant": "Strong AI demand does not remove the need to underwrite product delivery, cash conversion and conditional dilution."}, "governance": [{"signal": "Revenue execution", "trigger": "Two quarters below issued guidance range", "action": "Reassess delivery and market share; increase Bear probability."}, {"signal": "Instinct ramp", "trigger": "MI450/Helios deliveries or major customer deployment materially slip", "action": "Reduce GPU growth and related warrant vesting together."}, {"signal": "Margin durability", "trigger": "Non-GAAP operating leverage fails to approach long-term 35% target", "action": "Review mix, price and R&D burden; retain SBC in economic profit."}, {"signal": "Cash conversion", "trigger": "Receivable days above 90 or persistent excess inventory", "action": "Stress working capital, impairments and guarantees."}, {"signal": "Claims and leases", "trigger": "Warrants vest, lease guarantees are called, or new material commitments appear", "action": "Update security ledger and cash schedule from filings."}, {"signal": "Competition", "trigger": "Sustained loss of EPYC momentum or accelerator qualification", "action": "Reassess growth and terminal returns."}], "sources": {"model_sources": [{"id": "q2-10q", "title": "Q2 2026 Form 10-Q", "date": "2026-08-05", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm"}, {"id": "q2-results", "title": "Q2 results and Q3 outlook slides", "date": "2026-08-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm"}, {"id": "fy25-10k", "title": "2025 Form 10-K", "date": "2026-02-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm"}, {"id": "analyst-day", "title": "2025 Financial Analyst Day targets", "date": "2025-11-11", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth"}, {"id": "openai-warrant", "title": "OpenAI warrant and purchase milestones", "date": "2025-10-06", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm"}, {"id": "meta-warrant", "title": "Meta warrant and purchase milestones", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm"}, {"id": "warrant-exhibit", "title": "Meta warrant: redacted milestone schedules", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm"}], "public_evidence": [{"category": "Company Filings", "title": "Q2 2026 Form 10-Q", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "date": "2026-08-05", "source_type": "Primary company disclosure", "supports": "Q2 2026 Form 10-Q"}, {"category": "Company Filings", "title": "Q2 results and Q3 outlook slides", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Q2 results and Q3 outlook slides"}, {"category": "Company Filings", "title": "2025 Form 10-K", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "date": "2026-02-04", "source_type": "Primary company disclosure", "supports": "2025 Form 10-K"}, {"category": "Company Materials", "title": "2025 Financial Analyst Day targets", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "date": "2025-11-11", "source_type": "Primary company disclosure", "supports": "2025 Financial Analyst Day targets"}, {"category": "Company Filings", "title": "OpenAI warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "date": "2025-10-06", "source_type": "Primary company disclosure", "supports": "OpenAI warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant: redacted milestone schedules", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant: redacted milestone schedules"}], "lineage": [{"input": "Financial anchors", "classification": "Reported", "treatment": "USD and share amounts converted to billions. Q2 segment revenues and H1 cash flow reconcile to filings; short-term securities are separate from long-term equities.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 midpoint and non-GAAP margin/opex anchor Base. Normalized tax guidance is not a guarantee of GAAP tax.", "source": "q2-results"}, {"input": "Long-range targets", "classification": "Management guidance-commentary", "treatment": "Analyst Day targets cover three to five years from November 2025. They are aspirations with execution risk, not an annual guarantee; model comparison uses FY2025 to FY2030.", "source": "analyst-day"}, {"input": "Operating forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "Five product cohorts sum to reported segment totals. H2 mix starts with the estimated Q2 split. 2027–2030 GPU and CPU growth are explicit annual paths from annualized H2; others compound at scenario rates. For 2031–2035, growth = 2030 product growth × (1 − transition step/5) + terminal growth × transition step/5. Base GPU growth therefore slows from 50% in 2030 to 40.6%, 31.2%, 21.8%, 12.4% and 3.0%. This is a DR competitive-normalization path, not a management commitment.", "source": "analyst-day"}, {"input": "Cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Receivables, inventory, payables and residual operating assets/accruals roll forward. Loan, restricted cash and investments are excluded from operating assets; capex payable is excluded from operating liabilities and paid separately once. Commitments are allocated between procurement and service expense floors, without double counting normal costs. Uncommenced leases have estimated deployment schedules and excess capacity loss exposure.", "source": "q2-10q"}, {"input": "Employee awards and customer warrants", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution, remaining expense is added back once; future SBC remains a cost. Customer warrant eligibility uses estimated customer revenue converted to GW through expiry and a smooth price-hurdle proxy. Price and dilution are solved jointly. No duplicate warrant fair-value deduction.", "source": "warrant-exhibit"}, {"input": "Capital and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Reported finite amortization is allocated through 2035; physical depreciation uses four/five-year remaining/new asset lives. Terminal cash flow removes expired amortization and finances growth at stated ROIC. WACC/perpetuity DCF is primary; discounted EV/EBIT is an unblended cross-check.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "Shared demand/execution shocks drive revenue, margin, capex, collection days, warrant delivery, investments and discount rates. 20,000 seeded draws use the deterministic engine.", "source": "analyst-day"}, {"input": "Liquidity and revolver", "classification": "Dilikoğlu Research estimate", "treatment": "Reported $5bn undrawn revolving facility is separate from cash and the $5.5bn commercial-paper program. Scenario-accessible revolver capacity is 50% / 75% / 100% / 100%; draws cover the operating reserve where possible, incur a 0.5% draw fee and interest, and repay from surplus cash or by estimated May 2031 maturity. Rates are 10% / 8% / 6.5% / 6%. No double counting of commercial-paper capacity or automatic renewal. Facility principal and interest affect the cash schedule; draw fees reduce FCFF. WACC captures debt financing in enterprise value, so future draws are not a second opening net-debt deduction.", "source": "q2-10q"}], "model_provenance": {"command": "node scripts/build_amd.cjs", "input_sha256": "7517d325e741aa0f1d54f14e02a89f83cfe07956f765083e93549e6dbdffb461"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.q2Revenue", "value": 11.536, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.0", "value": 6.718, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.1", "value": 3.062, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.2", "value": 0.779, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.3", "value": 0.977, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2GrossProfit", "value": 6.203, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Opex", "value": 4.213, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Ebit", "value": 1.99, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2NonGaapGrossProfit", "value": 6.488, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2NonGaapOpex", "value": 3.394, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Sbc", "value": 0.503, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2SbcCogs", "value": 0.008, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2AmortCogs", "value": 0.26, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2AmortOpex", "value": 0.284, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2OtherCogs", "value": 0.017, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2OtherOpex", "value": 0.04, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Revenue", "value": 21.789, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Cfo", "value": 5.321, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Capex", "value": 1.197, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Depreciation", "value": 0.427, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Sbc", "value": 0.99, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cash", "value": 5.086, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtSecurities", "value": 8.025, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.receivables", "value": 7.281, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.inventory", "value": 8.468, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.payables", "value": 5.359, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.prepaidAssets", "value": 2.662, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.restrictedCash", "value": 0.011, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.loanReceivable", "value": 0.1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ppe", "value": 3.439, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.otherAssets", "value": 7.904, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.marketableEquity", "value": 1.2, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.privateEquity", "value": 1.7, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.equityMethod", "value": 0.302, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.customerLiabilities", "value": 1.359, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.marketingAccruals", "value": 1.579, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.payrollAccruals", "value": 1.462, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.otherAccruals", "value": 1.146, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.otherCurrentLiabilities", "value": 0.301, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.uncertainTaxLiabilities", "value": 0.873, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.capexPayable", "value": 0.421, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtPrincipal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtCarrying", "value": 3.226, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ordinaryShares", "value": 1.632475042, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.intangibles", "value": 15.635, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 1.062, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 2.042, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 1.929, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 1.697, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 1.457, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 7.448, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.0", "value": 17.386, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.1", "value": 5.474, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.2", "value": 2.851, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.3", "value": 2.528, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.4", "value": 1.471, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.5", "value": 0.566, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.uncommencedLeases", "value": 4.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.subsequentLeases", "value": 9.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.guaranteeExposure", "value": 4.1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.revolverCapacity", "value": 5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commercialPaperCapacity", "value": 5.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Revenue", "value": 34.639, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25DataCenter", "value": 16.635, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Rsus", "value": 0.033, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Prsus", "value": 0.002, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Options", "value": 0.002, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25OptionStrike", "value": 117.6, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25UnrecognizedRsus", "value": 3.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25UnrecognizedPrsus", "value": 0.232, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25UnrecognizedOptions", "value": 0.051, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.netIncome", "value": 3.68, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.discontinued", "value": -0.003, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.da", "value": 0.427, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.amortization", "value": 1.095, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.sbc", "value": 0.99, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.investmentGains", "value": -0.549, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.deferredTax", "value": -0.106, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.other", "value": 0.061, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.receivables", "value": -0.966, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.inventory", "value": -0.548, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.prepaids", "value": -0.991, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.payables", "value": 2.17, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.accruals", "value": 0.061, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.0.principal", "value": 0.875, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.0.coupon", "value": 0.04212, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.0.time", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.1.principal", "value": 0.625, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.1.coupon", "value": 0.04319, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.1.time", "value": 1.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.2.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.2.coupon", "value": 0.02375, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.2.time", "value": 3.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.3.principal", "value": 0.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.3.coupon", "value": 0.03924, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.3.time", "value": 5.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.4.principal", "value": 0.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.4.coupon", "value": 0.04393, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.4.time", "value": 25.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.maximumShares", "value": 0.16, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.strike", "value": 0.01, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.firstDeliveryGw", "value": 1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.fullDeliveryGw", "value": 6, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.finalPriceThreshold", "value": 600, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.maximumShares", "value": 0.16, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.strike", "value": 0.01, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.firstDeliveryGw", "value": 1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.fullDeliveryGw", "value": 6, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.finalPriceThreshold", "value": 600, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3Revenue", "value": 13, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3RevenueRange", "value": 0.3, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3NonGaapGrossMargin", "value": 0.56, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3NonGaapOpex", "value": 3.65, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3NonGaapOtherIncome", "value": 0.055, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3TaxRate", "value": 0.13, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3DilutedShares", "value": 1.66, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermRevenueCagrFloor", "value": 0.35, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermDcCagrFloor", "value": 0.6, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermAiCagrFloor", "value": 0.8, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermOtherCagrFloor", "value": 0.1, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapOpMarginFloor", "value": 0.35, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapEpsFloor", "value": 20, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.q2AiRevenue", "value": 3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.fy25AiRevenue", "value": 6.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.reserve", "value": 3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.q4OpexGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.otherAssetOperatingFraction", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.otherAccrualOperatingFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.investmentTaxHaircut", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.estimatedRsus", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.estimatedOptions", "value": 0.002, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.optionStrike", "value": 117.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.remainingExistingSbc", "value": 3.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.existingAwardYears", "value": 2.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.amortizationOpexFraction", "value": 0.5220588235294117, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.componentShareOfCashCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.depreciationCogsFraction", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.commitmentSupplyShare", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.leaseYears", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.subsequentLeaseYears", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.guaranteePaymentTime", "value": 3.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantRevenuePerGw", "value": 15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantCustomerShares.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantCustomerShares.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantInitialPriceProxy", "value": 200, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantForecastWindows.0", "value": 4.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantForecastWindows.1", "value": 4.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.q3GuidanceFactor", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.q4SequentialGrowth", "value": -0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.0", "value": -0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.1", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.3", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.3", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.otherGrowth", "value": -0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.h2GrossMargin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.fy30GrossMargin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.fy30NonGaapOpMargin", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalEbitMargin", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.h2OpexFactor", "value": 1.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 210, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.publicRecovery", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.privateRecovery", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.guaranteeLossFraction", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.warrantDeliveryFactor", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.warrantConditionFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.warrantPriceGrowth", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.workingCapitalAssetFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.leaseLossFraction", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverAvailability", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.q3GuidanceFactor", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.q4SequentialGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.0", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.1", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.2", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.3", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.0", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.1", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.2", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.3", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.otherGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.h2GrossMargin", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.fy30GrossMargin", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.fy30NonGaapOpMargin", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalEbitMargin", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.h2OpexFactor", "value": 1.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.publicRecovery", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.privateRecovery", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.guaranteeLossFraction", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.warrantDeliveryFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.warrantConditionFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.warrantPriceGrowth", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.leaseLossFraction", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverAvailability", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.q3GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.q4SequentialGrowth", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.0", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.1", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.2", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.3", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.0", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.2", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.3", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.otherGrowth", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.h2GrossMargin", "value": 0.56, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.fy30GrossMargin", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.fy30NonGaapOpMargin", "value": 0.38, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalEbitMargin", "value": 0.33, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 135, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.publicRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.privateRecovery", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.guaranteeLossFraction", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.warrantDeliveryFactor", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.warrantConditionFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.warrantPriceGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.leaseLossFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverRate", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.q3GuidanceFactor", "value": 1.023, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.q4SequentialGrowth", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.0", "value": 1.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.1", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.2", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.3", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.1", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.2", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.3", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.otherGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.h2GrossMargin", "value": 0.565, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.fy30GrossMargin", "value": 0.63, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.fy30NonGaapOpMargin", "value": 0.43, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalEbitMargin", "value": 0.38, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 120, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.publicRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.privateRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.guaranteeLossFraction", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.warrantDeliveryFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.warrantConditionFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.warrantPriceGrowth", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.leaseLossFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.revolverMaturityTime", "value": 4.88, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.growthFadeYears", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.seed", "value": 20260914, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.demandSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.growthSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.marginSigma", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.warrantSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.investmentSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.guaranteeSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.leaseSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.revolverAvailabilitySigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.revolverRateSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "referencePrice", "value": 516.13, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/amd/", "note": "September 11, 2026 regular close; cross-check https://chartexchange.com/symbol/nasdaq-amd/historical/. Frozen reference, not live.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Financial anchors", "classification": "Reported", "treatment": "USD and share amounts converted to billions. Q2 segment revenues and H1 cash flow reconcile to filings; short-term securities are separate from long-term equities.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 midpoint and non-GAAP margin/opex anchor Base. Normalized tax guidance is not a guarantee of GAAP tax.", "source": "q2-results"}, {"input": "Long-range targets", "classification": "Management guidance-commentary", "treatment": "Analyst Day targets cover three to five years from November 2025. They are aspirations with execution risk, not an annual guarantee; model comparison uses FY2025 to FY2030.", "source": "analyst-day"}, {"input": "Operating forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "Five product cohorts sum to reported segment totals. H2 mix starts with the estimated Q2 split. 2027–2030 GPU and CPU growth are explicit annual paths from annualized H2; others compound at scenario rates. For 2031–2035, growth = 2030 product growth × (1 − transition step/5) + terminal growth × transition step/5. Base GPU growth therefore slows from 50% in 2030 to 40.6%, 31.2%, 21.8%, 12.4% and 3.0%. This is a DR competitive-normalization path, not a management commitment.", "source": "analyst-day"}, {"input": "Cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Receivables, inventory, payables and residual operating assets/accruals roll forward. Loan, restricted cash and investments are excluded from operating assets; capex payable is excluded from operating liabilities and paid separately once. Commitments are allocated between procurement and service expense floors, without double counting normal costs. Uncommenced leases have estimated deployment schedules and excess capacity loss exposure.", "source": "q2-10q"}, {"input": "Employee awards and customer warrants", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution, remaining expense is added back once; future SBC remains a cost. Customer warrant eligibility uses estimated customer revenue converted to GW through expiry and a smooth price-hurdle proxy. Price and dilution are solved jointly. No duplicate warrant fair-value deduction.", "source": "warrant-exhibit"}, {"input": "Capital and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Reported finite amortization is allocated through 2035; physical depreciation uses four/five-year remaining/new asset lives. Terminal cash flow removes expired amortization and finances growth at stated ROIC. WACC/perpetuity DCF is primary; discounted EV/EBIT is an unblended cross-check.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "Shared demand/execution shocks drive revenue, margin, capex, collection days, warrant delivery, investments and discount rates. 20,000 seeded draws use the deterministic engine.", "source": "analyst-day"}, {"input": "Liquidity and revolver", "classification": "Dilikoğlu Research estimate", "treatment": "Reported $5bn undrawn revolving facility is separate from cash and the $5.5bn commercial-paper program. Scenario-accessible revolver capacity is 50% / 75% / 100% / 100%; draws cover the operating reserve where possible, incur a 0.5% draw fee and interest, and repay from surplus cash or by estimated May 2031 maturity. Rates are 10% / 8% / 6.5% / 6%. No double counting of commercial-paper capacity or automatic renewal. Facility principal and interest affect the cash schedule; draw fees reduce FCFF. WACC captures debt financing in enterprise value, so future draws are not a second opening net-debt deduction.", "source": "q2-10q"}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AMD"}, "model_note": "DR scenario baseline using Q2 2026 financials, Q3 guidance and disclosed long-term targets. Valuation date June 27; information reviewed September 14. Product splits, future cash flows and warrant vesting are estimates. No recommendation assigned.", "limitations": ["Instinct/EPYC revenue split is not separately reported. The $3bn Q2 Instinct estimate is a modeling allocation within the reported $6.718bn Data Center segment; no additional revenue is created.", "Warrant vesting and exercise schedules are redacted. Revenue per GW, customer allocation, intermediate price threshold, technical completion and expected price path are DR proxies, not contractual terms. Both full-dilution and zero-dilution sensitivities are disclosed.", "Warrant expense or revenue offsets under GAAP are not forecast as a second economic cost: customer warrants are recognized once through dilution. Displayed economic EBIT is not a complete future GAAP reconciliation.", "Latest employee award ledger is year-end 2025. Midyear RSUs, options and unrecognized compensation are DR estimates anchored to that disclosure; accounting diluted EPS shares are not the economic fully diluted share count.", "The combined purchase schedule includes supply, cloud and licenses. DR allocates 80% to supply and 20% to services; operating use sits inside COGS/opex, excess supplies enter inventory, and shortfalls are stressed. Lease dates and duration are approximations within disclosed ranges.", "Public/private investment amounts are rounded issuer disclosures. Recoveries are haircut once; speculative investment gains and future discretionary acquisitions are excluded.", "MC shocks and priors are judgmental, not calibrated confidence intervals. Terminal returns and financing accessibility remain major uncertainties.", "The reported amortization tail after 2030 is allocated evenly through 2035 as a DR timing estimate; this is not a disclosed asset-by-asset expiration schedule.", "Debt maturity times, facility availability, interest and fees are estimates. The facility is capped at the reported amount and not automatically renewed; commercial paper is not added on top. Negative cash after modeled facility use receives zero common recovery, an extreme stress convention rather than a bankruptcy prediction.", "The smooth 2031–2035 growth fade is an analyst assumption. A faster normalization sensitivity is retained in the review audit; valuation is highly sensitive to the duration of accelerator growth."], "links": {"coverage": "https://dilikogluresearch.com/coverage/amd", "model": "https://dilikogluresearch.com/amd_model", "native_model": "https://dilikogluresearch.com/api/model/AMD", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AMD"}, "model_version": "7f8fcab6d4519e7c6338875e34471b19a711404ce6a6765470842ee7b841f387"}}, {"id": "aadba4aa81e15312454b3c5872ab4656d5eeabdeabd5d7901a3b7eb05ca462fe", "ticker": "COHR", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "a428a44f4b72095775d6554ff8138595b78babf24f2f446c848077fb282bc7a9", "research_version": "4c06386a0d8808391fadcd624296f92bd283a65a772e57a89fd5f3e86c59ca92", "changes": [{"field": "publication_status", "old_value": "reviewed_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [{"id": "fy26-release", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12"}, {"id": "nvidia-8k", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02"}, {"id": "fy26-10k", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14"}, {"id": "q4-presentation", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12"}, {"id": "technology-briefing", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://www.coherent.com/content/dam/coherent/site/en/documents/investors/investor-presentations/2026/march-17/OFC-2026-Investor%20event-deck-vf.pdf", "date": "2026-03-17"}, {"id": "investor-day-2025", "date": "2025-05-28", "title": "2025 Investor Day financial target model, slide 81 (non-GAAP objectives)", "url": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://ir.coherent.com/static-files/4d17c747-58b8-4ed4-8a97-968c65aa2112", "date": "2026-03-17", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}], "lineage": [{"input": "Reported operating anchors", "classification": "Reported", "source": "fy26-release", "treatment": "FY26 segment revenue and financial statements. Q4 segment revenue is the run-rate anchor; year-over-year Industrial comparisons include divestitures."}, {"input": "FY27 Q1 outlook", "classification": "Management guidance-commentary", "source": "fy26-release", "treatment": "Revenue range and non-GAAP margin/opex outlook are displayed separately. They are not annual forecasts or GAAP assumptions."}, {"input": "High-speed optics allocation and costs", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Allocate 65% of Q4 Datacenter & Communications to high-speed optics. Other D&C is residual; no separate CPO revenue uplift. Cost weights normalize to reported Q4 consolidated gross margin; 25% fixed and 75% volume-linked costs."}, {"input": "Volume, pricing, capacity and unit cost paths", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Scenario indexes refer to annualized Q4. High-speed delivered volume is capped by annual manufacturing bounds. Annual price erosion and cost improvements are distinct; forecast margins are outputs."}, {"input": "Cash conversion, opex, D&A, tax and capex", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Separate FY26 $0.2803bn acquired-intangible amortization from total $0.521895bn D&A. Forecast amortization uses Note 6 schedule; physical assets have capped remaining bases, 70% equipment/7 years and 30% buildings/20 years, a one-year commissioning lag, and opening CIP released 50/50 over FY27/28. Cost allocation follows reported COGS amortization share and estimated 90% factory-depreciation share. Cash capex remains scenario-driven; SBC is retained as an economic cost."}, {"input": "Equity claims", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "June 30 common shares 212.615894m issued less 16.863102m treasury = 195.752792m, aligned to June awards. Reported August count 195.832246m is a cross-check. RSUs, scenario PSU payouts, option premium and cash-settled awards remain separate. Debt principal, finance leases and pension deficit are distinct claims. No additional quarterly share proxy."}, {"input": "Completed NVIDIA issuance", "classification": "Reported", "source": "nvidia-8k", "treatment": "7.788161m common shares and $2bn gross proceeds were issued in March. Already reflected in June balances; partnership optionality earns no separate valuation premium."}, {"input": "Restricted cash and minority interests", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Restricted cash is excluded from parent liquidity. Equity bridge values it at 0/50/75/100% of $606.4m and subtracts 1/1/1/1.25x reported NCI book value. Both treatments are proxies, not subsidiary fair-value appraisals."}, {"input": "Discount rate, terminal economics and exit multiple", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Five operating years plus five transition years. Revenue growth, EBIT margin and net reinvestment converge gradually; terminal capex less physical depreciation plus incremental NWC equals NOPAT × g / ROIC. Acquired amortization is excluded from recurring replacement capital. Terminal FCFF matches the final transition economics; no sudden capex release at FY31. Primary terminal value uses FY2036 recurring EBIT (EBIT plus finite acquired-intangible amortization, with SBC retained as an expense) at 8/12/20/25x in Failure/Bear/Base/Bull, discounted to opening FY27. These DR estimates reflect stressed, slower-growth, durable-growth and stronger-growth outcomes; they are not management guidance. Perpetuity FCFF is a separate unblended cross-check. Monte Carlo exit multiples have 15% log dispersion correlated with the operating cycle."}, {"input": "Monte Carlo", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "20,000 seeded draws use the same operating, assets, financing and shareholder-value engine. Correlated price, execution, costs, working capital, credit access and award payouts; estimates also stress high-speed mix, issuance discounts and capital conversion. Paths with negative cash after the bounded operating response have zero common-equity recovery."}, {"input": "Debt maturities and credit commitments", "classification": "Reported", "source": "fy26-10k", "treatment": "Repayment schedule and instrument principal come from Note 8. June revolver availability is $664m, below $700m commitment. The $945m August facility was undrawn at August 14 and restricted to the subsidiary borrower’s permitted uses; excluded from parent funding."}, {"input": "Refinancing and available credit usage", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Refinance 0/85/100/100% of annual principal maturities above $0.5bn. Pay smaller amortization from cash. Revolver access is 0/50/100/100% of reported availability; renewal beyond FY2030 at 0/75/100/100% of scenario availability. Fees 2%; annual interest 10/8/6/5.5%. Draw only to replenish the $0.5bn reserve. New financing is not a commitment or equity-value addition. Fee PV reduces value; principal is not subtracted twice from FCFF valuation."}, {"input": "Share award payout and cash-settled awards", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "PSUs at 0/50/100/150% of reported units are DR outcomes, not verified contractual payout limits. No future grants added to shares while forecast SBC remains an economic cost. Cash SAR intrinsic value and cash RSUs are deducted dynamically; ordinary options add premium dilution only."}, {"input": "Product roadmap and manufacturing capacity", "classification": "Management guidance-commentary", "source": "technology-briefing", "treatment": "InP production doubling in calendar 2026 and 2027 supports capacity expansion directionally. Wafer/device capacity is not delivered transceiver revenue. Qualification, assembly and mix remain analyst estimates."}, {"input": "Residual common equity and distress", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Raise residual cash needs after debt at a scenario discount with 3% issuance fees and per-year availability limits. The equity-value bridge charges discounted issuance fees and below-fair-value transfer only; FCFF already includes operating deficits, so principal funding is not deducted twice. If cash remains negative after the bounded operating response, common value is zero; reserve breaches alone do not imply zero recovery. Annual equivalent share issuance is disclosed separately."}, {"input": "Leases and pensions", "classification": "Reported / Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Finance lease PV $14.233m is debt-like; payments use Note 9. Operating leases remain operating costs and are not subtracted again. $49m combined underfunded pensions are reserved against opening deployable cash and deducted once from equity value; no additional deficit payment in FCFF."}, {"input": "Evidence bands and scenario probabilities", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "10/25/45/20% scenario priors are judgment-based. Comparable product price changes and capacity execution are uncertain. The Base FY27 annual revenue is explicitly compared with the Q1 guidance midpoint; FY28 onward is not management guidance."}, {"input": "Discount-rate and equity-funding assumptions", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "WACC 13/11.5/10/9%, cost of equity WACC + 2pp, terminal ROIC 8/10/13/16%; sensitivity ranges are disclosed instead of claiming a reported beta or capital-cost forecast. Equity discounts 50/30/15/10%, per-year raise limits 0/0.5/1/2bn and 3% fees. $7.2m reserve protects cash-award settlement liquidity only; equity claims remain dynamic and are not deducted again."}, {"input": "Scenario estimate ranges", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "High-speed allocation 50–80% stress range around 65%; annual comparable-product price erosion 3–9% around 6%, before separately estimated product mix; capital spending ±20%; inventory days ±30; WACC 8–14%; minority value 0.5–2x book. These are sensitivity ranges, not confidence intervals or management targets."}, {"input": "Product mix and funding response", "classification": "Dilikoğlu Research estimate", "source": "technology-briefing", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -2.56% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability."}, {"input": "Ordinary Bear versus Failure", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Bear represents slower demand and weaker manufacturing efficiency, not simultaneous product-price collapse and a credit freeze. FY27 high-speed volume stays 1.2x versus Base 1.65x; price 0.97x and annual mix match Base, while unit cost remains 0.99x versus Base 0.95x. Slower expansion uses 10% revenue capex with $1.1/1/1/1/1bn floors. Large maturities refinance 85%, versus Base 100%; 50% revolver access is retained with 75% renewal of that reduced limit. These are DR scenario definitions, not financing commitments. Failure retains operating and credit stress. Priors and valuation discount rates are unchanged."}, {"input": "Manufacturing productivity reassessment", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -4.59% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. Base comparable high-speed cost improves 6% per year and Bull 7%; other D&C improves 3%. These DR assumptions recognize yield, process and scale improvements; Failure/Bear retain 4% high-speed cost improvement. Terminal recurring EBIT targets are 20% Base / 23% Bull, capped by achieved FY31 performance. The 2025 non-GAAP objectives (>42% gross margin, 18% opex and >24% operating margin) are contextual targets, not substituted for modeled margins. SBC stays expensed and finite amortization is modeled separately."}, {"input": "Transition growth after expansion cancellation", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free."}, {"input": "Base guidance-aligned margin bridge", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 non-GAAP gross-margin planning anchor is the Q1 guidance midpoint 40.5%; DR extensions are 41.5% FY28 and 42.5% FY29–31, meeting the dated >42% objective. Non-GAAP opex scales from Q1 midpoint $0.410bn / $2.3bn revenue to the 18% long-term objective. Reported Q4 COGS SBC $7.4m and opex SBC $46.5m establish separate revenue ratios retained as economic costs. Forecast acquired amortization is deducted separately. Implied cash-cost efficiency factors reconcile the product model to those Base planning margins and stay fixed in Monte Carlo, so price/cost shocks still change margins. This is a DR annual extrapolation and operating-efficiency requirement, not additional company guidance."}, {"input": "Base tax planning rate", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "19% cash tax planning rate uses the midpoint of Q1 non-GAAP tax guidance of 18–20%; applying it across future taxable operating profits is a DR extrapolation, not long-term company guidance."}], "model_provenance": {"command": "node scripts/build_cohr.cjs", "input_sha256": "adf75d706f66e61c72adb80362f88fa55835e459f67a086eb10e025e6790ad37"}}, "new_value": {"model_sources": [{"id": "fy26-release", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12"}, {"id": "nvidia-8k", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02"}, {"id": "fy26-10k", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14"}, {"id": "q4-presentation", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12"}, {"id": "technology-briefing", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://www.coherent.com/content/dam/coherent/site/en/documents/investors/investor-presentations/2026/march-17/OFC-2026-Investor%20event-deck-vf.pdf", "date": "2026-03-17"}, {"id": "investor-day-2025", "date": "2025-05-28", "title": "2025 Investor Day financial target model, slide 81 (non-GAAP objectives)", "url": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://ir.coherent.com/static-files/4d17c747-58b8-4ed4-8a97-968c65aa2112", "date": "2026-03-17", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}], "lineage": [{"input": "Reported operating anchors", "classification": "Reported", "source": "fy26-release", "treatment": "FY26 segment revenue and financial statements. Q4 segment revenue is the run-rate anchor; year-over-year Industrial comparisons include divestitures."}, {"input": "FY27 Q1 outlook", "classification": "Management guidance-commentary", "source": "fy26-release", "treatment": "Revenue range and non-GAAP margin/opex outlook are displayed separately. They are not annual forecasts or GAAP assumptions."}, {"input": "High-speed optics allocation and costs", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Allocate 65% of Q4 Datacenter & Communications to high-speed optics. Other D&C is residual; no separate CPO revenue uplift. Cost weights normalize to reported Q4 consolidated gross margin; 25% fixed and 75% volume-linked costs."}, {"input": "Volume, pricing, capacity and unit cost paths", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Scenario indexes refer to annualized Q4. High-speed delivered volume is capped by annual manufacturing bounds. Annual price erosion and cost improvements are distinct; forecast margins are outputs."}, {"input": "Cash conversion, opex, D&A, tax and capex", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Separate FY26 $0.2803bn acquired-intangible amortization from total $0.521895bn D&A. Forecast amortization uses Note 6 schedule; physical assets have capped remaining bases, 70% equipment/7 years and 30% buildings/20 years, a one-year commissioning lag, and opening CIP released 50/50 over FY27/28. Cost allocation follows reported COGS amortization share and estimated 90% factory-depreciation share. Cash capex remains scenario-driven; SBC is retained as an economic cost."}, {"input": "Equity claims", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "June 30 common shares 212.615894m issued less 16.863102m treasury = 195.752792m, aligned to June awards. Reported August count 195.832246m is a cross-check. RSUs, scenario PSU payouts, option premium and cash-settled awards remain separate. Debt principal, finance leases and pension deficit are distinct claims. No additional quarterly share proxy."}, {"input": "Completed NVIDIA issuance", "classification": "Reported", "source": "nvidia-8k", "treatment": "7.788161m common shares and $2bn gross proceeds were issued in March. Already reflected in June balances; partnership optionality earns no separate valuation premium."}, {"input": "Restricted cash and minority interests", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Restricted cash is excluded from parent liquidity. Equity bridge values it at 0/50/75/100% of $606.4m and subtracts 1/1/1/1.25x reported NCI book value. Both treatments are proxies, not subsidiary fair-value appraisals."}, {"input": "Discount rate, terminal economics and exit multiple", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Five operating years plus five transition years. Revenue growth, EBIT margin and net reinvestment converge gradually; terminal capex less physical depreciation plus incremental NWC equals NOPAT × g / ROIC. Acquired amortization is excluded from recurring replacement capital. Terminal FCFF matches the final transition economics; no sudden capex release at FY31. Primary terminal value uses FY2036 recurring EBIT (EBIT plus finite acquired-intangible amortization, with SBC retained as an expense) at 8/12/20/25x in Failure/Bear/Base/Bull, discounted to opening FY27. These DR estimates reflect stressed, slower-growth, durable-growth and stronger-growth outcomes; they are not management guidance. Perpetuity FCFF is a separate unblended cross-check. Monte Carlo exit multiples have 15% log dispersion correlated with the operating cycle."}, {"input": "Monte Carlo", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "20,000 seeded draws use the same operating, assets, financing and shareholder-value engine. Correlated price, execution, costs, working capital, credit access and award payouts; estimates also stress high-speed mix, issuance discounts and capital conversion. Paths with negative cash after the bounded operating response have zero common-equity recovery."}, {"input": "Debt maturities and credit commitments", "classification": "Reported", "source": "fy26-10k", "treatment": "Repayment schedule and instrument principal come from Note 8. June revolver availability is $664m, below $700m commitment. The $945m August facility was undrawn at August 14 and restricted to the subsidiary borrower’s permitted uses; excluded from parent funding."}, {"input": "Refinancing and available credit usage", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Refinance 0/85/100/100% of annual principal maturities above $0.5bn. Pay smaller amortization from cash. Revolver access is 0/50/100/100% of reported availability; renewal beyond FY2030 at 0/75/100/100% of scenario availability. Fees 2%; annual interest 10/8/6/5.5%. Draw only to replenish the $0.5bn reserve. New financing is not a commitment or equity-value addition. Fee PV reduces value; principal is not subtracted twice from FCFF valuation."}, {"input": "Share award payout and cash-settled awards", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "PSUs at 0/50/100/150% of reported units are DR outcomes, not verified contractual payout limits. No future grants added to shares while forecast SBC remains an economic cost. Cash SAR intrinsic value and cash RSUs are deducted dynamically; ordinary options add premium dilution only."}, {"input": "Product roadmap and manufacturing capacity", "classification": "Management guidance-commentary", "source": "technology-briefing", "treatment": "InP production doubling in calendar 2026 and 2027 supports capacity expansion directionally. Wafer/device capacity is not delivered transceiver revenue. Qualification, assembly and mix remain analyst estimates."}, {"input": "Residual common equity and distress", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Raise residual cash needs after debt at a scenario discount with 3% issuance fees and per-year availability limits. The equity-value bridge charges discounted issuance fees and below-fair-value transfer only; FCFF already includes operating deficits, so principal funding is not deducted twice. If cash remains negative after the bounded operating response, common value is zero; reserve breaches alone do not imply zero recovery. Annual equivalent share issuance is disclosed separately."}, {"input": "Leases and pensions", "classification": "Reported / Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Finance lease PV $14.233m is debt-like; payments use Note 9. Operating leases remain operating costs and are not subtracted again. $49m combined underfunded pensions are reserved against opening deployable cash and deducted once from equity value; no additional deficit payment in FCFF."}, {"input": "Evidence bands and scenario probabilities", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "10/25/45/20% scenario priors are judgment-based. Comparable product price changes and capacity execution are uncertain. The Base FY27 annual revenue is explicitly compared with the Q1 guidance midpoint; FY28 onward is not management guidance."}, {"input": "Discount-rate and equity-funding assumptions", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "WACC 13/11.5/10/9%, cost of equity WACC + 2pp, terminal ROIC 8/10/13/16%; sensitivity ranges are disclosed instead of claiming a reported beta or capital-cost forecast. Equity discounts 50/30/15/10%, per-year raise limits 0/0.5/1/2bn and 3% fees. $7.2m reserve protects cash-award settlement liquidity only; equity claims remain dynamic and are not deducted again."}, {"input": "Scenario estimate ranges", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "High-speed allocation 50–80% stress range around 65%; annual comparable-product price erosion 3–9% around 6%, before separately estimated product mix; capital spending ±20%; inventory days ±30; WACC 8–14%; minority value 0.5–2x book. These are sensitivity ranges, not confidence intervals or management targets."}, {"input": "Product mix and funding response", "classification": "Dilikoğlu Research estimate", "source": "technology-briefing", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -2.56% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability."}, {"input": "Ordinary Bear versus Failure", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Bear represents slower demand and weaker manufacturing efficiency, not simultaneous product-price collapse and a credit freeze. FY27 high-speed volume stays 1.2x versus Base 1.65x; price 0.97x and annual mix match Base, while unit cost remains 0.99x versus Base 0.95x. Slower expansion uses 10% revenue capex with $1.1/1/1/1/1bn floors. Large maturities refinance 85%, versus Base 100%; 50% revolver access is retained with 75% renewal of that reduced limit. These are DR scenario definitions, not financing commitments. Failure retains operating and credit stress. Priors and valuation discount rates are unchanged."}, {"input": "Manufacturing productivity reassessment", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -4.59% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. Base comparable high-speed cost improves 6% per year and Bull 7%; other D&C improves 3%. These DR assumptions recognize yield, process and scale improvements; Failure/Bear retain 4% high-speed cost improvement. Terminal recurring EBIT targets are 20% Base / 23% Bull, capped by achieved FY31 performance. The 2025 non-GAAP objectives (>42% gross margin, 18% opex and >24% operating margin) are contextual targets, not substituted for modeled margins. SBC stays expensed and finite amortization is modeled separately."}, {"input": "Transition growth after expansion cancellation", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free."}, {"input": "Base guidance-aligned margin bridge", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 non-GAAP gross-margin planning anchor is the Q1 guidance midpoint 40.5%; DR extensions are 41.5% FY28 and 42.5% FY29–31, meeting the dated >42% objective. Non-GAAP opex scales from Q1 midpoint $0.410bn / $2.3bn revenue to the 18% long-term objective. Reported Q4 COGS SBC $7.4m and opex SBC $46.5m establish separate revenue ratios retained as economic costs. Forecast acquired amortization is deducted separately. Implied cash-cost efficiency factors reconcile the product model to those Base planning margins and stay fixed in Monte Carlo, so price/cost shocks still change margins. This is a DR annual extrapolation and operating-efficiency requirement, not additional company guidance."}, {"input": "Base tax planning rate", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "19% cash tax planning rate uses the midpoint of Q1 non-GAAP tax guidance of 18–20%; applying it across future taxable operating profits is a DR extrapolation, not long-term company guidance."}], "model_provenance": {"command": "node scripts/build_cohr.cjs", "input_sha256": "adf75d706f66e61c72adb80362f88fa55835e459f67a086eb10e025e6790ad37"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "COHR", "company": "Coherent Corp.", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 305.37, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 231.48155720713123, "probability_weighted": 245.9591695328772, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 23.39947607729681, "probability": 0.25}, "base": {"fair_value": 231.48155720713123, "probability": 0.45}, "bull": {"fair_value": 679.7129988517197, "probability": 0.2}}, "monte_carlo_median": 152.93113409270143, "method": "FY27–FY36 discounted FCFF plus scenario exit EV/EBIT; perpetuity FCFF cross-check"}, "thesis": {"summary": "Reviewed scenario research on high-speed optics growth, manufacturing returns and the funding required to capture equity value. Source anchors and analyst estimates are disclosed separately.", "pillars": ["High-speed optics is an estimated subset of Datacenter & Communications.", "Manufacturing execution must convert demand into delivered volume and cash.", "NVIDIA funding is already in the balance sheet and earns no separate valuation premium."], "risks": ["Working capital and capex absorb the operating profit from growth.", "Product qualification delays, price erosion and customer concentration.", "Debt, minority interests and funding requirements reduce equity capture."], "variant": "Optical demand alone is insufficient: manufacturing cash returns and financing determine shareholder value."}, "governance": [{"signal": "Optics demand", "trigger": "Two quarters of high-speed shipment growth below scenario plan", "action": "Lower volume and capacity utilization together."}, {"signal": "Unit economics", "trigger": "ASP erosion outpaces cost reductions; gross margin misses plan by 3 points", "action": "Rebuild cost and product-mix assumptions."}, {"signal": "Cash conversion", "trigger": "Inventory days above 180 or capex over plan by 20%", "action": "Reassess liquidity and reinvestment returns."}, {"signal": "Customer concentration / technology", "trigger": "Material cancellation, qualification delay or competing architecture loss", "action": "Reduce supported demand; do not capitalize a partnership headline."}, {"signal": "Equity capture", "trigger": "Funding shortfall or dilution not matched by cash returns", "action": "Underwrite financing terms before approving valuation."}], "sources": {"model_sources": [{"id": "fy26-release", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12"}, {"id": "nvidia-8k", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02"}, {"id": "fy26-10k", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14"}, {"id": "q4-presentation", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12"}, {"id": "technology-briefing", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://www.coherent.com/content/dam/coherent/site/en/documents/investors/investor-presentations/2026/march-17/OFC-2026-Investor%20event-deck-vf.pdf", "date": "2026-03-17"}, {"id": "investor-day-2025", "date": "2025-05-28", "title": "2025 Investor Day financial target model, slide 81 (non-GAAP objectives)", "url": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://ir.coherent.com/static-files/4d17c747-58b8-4ed4-8a97-968c65aa2112", "date": "2026-03-17", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}], "lineage": [{"input": "Reported operating anchors", "classification": "Reported", "source": "fy26-release", "treatment": "FY26 segment revenue and financial statements. Q4 segment revenue is the run-rate anchor; year-over-year Industrial comparisons include divestitures."}, {"input": "FY27 Q1 outlook", "classification": "Management guidance-commentary", "source": "fy26-release", "treatment": "Revenue range and non-GAAP margin/opex outlook are displayed separately. They are not annual forecasts or GAAP assumptions."}, {"input": "High-speed optics allocation and costs", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Allocate 65% of Q4 Datacenter & Communications to high-speed optics. Other D&C is residual; no separate CPO revenue uplift. Cost weights normalize to reported Q4 consolidated gross margin; 25% fixed and 75% volume-linked costs."}, {"input": "Volume, pricing, capacity and unit cost paths", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Scenario indexes refer to annualized Q4. High-speed delivered volume is capped by annual manufacturing bounds. Annual price erosion and cost improvements are distinct; forecast margins are outputs."}, {"input": "Cash conversion, opex, D&A, tax and capex", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Separate FY26 $0.2803bn acquired-intangible amortization from total $0.521895bn D&A. Forecast amortization uses Note 6 schedule; physical assets have capped remaining bases, 70% equipment/7 years and 30% buildings/20 years, a one-year commissioning lag, and opening CIP released 50/50 over FY27/28. Cost allocation follows reported COGS amortization share and estimated 90% factory-depreciation share. Cash capex remains scenario-driven; SBC is retained as an economic cost."}, {"input": "Equity claims", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "June 30 common shares 212.615894m issued less 16.863102m treasury = 195.752792m, aligned to June awards. Reported August count 195.832246m is a cross-check. RSUs, scenario PSU payouts, option premium and cash-settled awards remain separate. Debt principal, finance leases and pension deficit are distinct claims. No additional quarterly share proxy."}, {"input": "Completed NVIDIA issuance", "classification": "Reported", "source": "nvidia-8k", "treatment": "7.788161m common shares and $2bn gross proceeds were issued in March. Already reflected in June balances; partnership optionality earns no separate valuation premium."}, {"input": "Restricted cash and minority interests", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Restricted cash is excluded from parent liquidity. Equity bridge values it at 0/50/75/100% of $606.4m and subtracts 1/1/1/1.25x reported NCI book value. Both treatments are proxies, not subsidiary fair-value appraisals."}, {"input": "Discount rate, terminal economics and exit multiple", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Five operating years plus five transition years. Revenue growth, EBIT margin and net reinvestment converge gradually; terminal capex less physical depreciation plus incremental NWC equals NOPAT × g / ROIC. Acquired amortization is excluded from recurring replacement capital. Terminal FCFF matches the final transition economics; no sudden capex release at FY31. Primary terminal value uses FY2036 recurring EBIT (EBIT plus finite acquired-intangible amortization, with SBC retained as an expense) at 8/12/20/25x in Failure/Bear/Base/Bull, discounted to opening FY27. These DR estimates reflect stressed, slower-growth, durable-growth and stronger-growth outcomes; they are not management guidance. Perpetuity FCFF is a separate unblended cross-check. Monte Carlo exit multiples have 15% log dispersion correlated with the operating cycle."}, {"input": "Monte Carlo", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "20,000 seeded draws use the same operating, assets, financing and shareholder-value engine. Correlated price, execution, costs, working capital, credit access and award payouts; estimates also stress high-speed mix, issuance discounts and capital conversion. Paths with negative cash after the bounded operating response have zero common-equity recovery."}, {"input": "Debt maturities and credit commitments", "classification": "Reported", "source": "fy26-10k", "treatment": "Repayment schedule and instrument principal come from Note 8. June revolver availability is $664m, below $700m commitment. The $945m August facility was undrawn at August 14 and restricted to the subsidiary borrower’s permitted uses; excluded from parent funding."}, {"input": "Refinancing and available credit usage", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Refinance 0/85/100/100% of annual principal maturities above $0.5bn. Pay smaller amortization from cash. Revolver access is 0/50/100/100% of reported availability; renewal beyond FY2030 at 0/75/100/100% of scenario availability. Fees 2%; annual interest 10/8/6/5.5%. Draw only to replenish the $0.5bn reserve. New financing is not a commitment or equity-value addition. Fee PV reduces value; principal is not subtracted twice from FCFF valuation."}, {"input": "Share award payout and cash-settled awards", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "PSUs at 0/50/100/150% of reported units are DR outcomes, not verified contractual payout limits. No future grants added to shares while forecast SBC remains an economic cost. Cash SAR intrinsic value and cash RSUs are deducted dynamically; ordinary options add premium dilution only."}, {"input": "Product roadmap and manufacturing capacity", "classification": "Management guidance-commentary", "source": "technology-briefing", "treatment": "InP production doubling in calendar 2026 and 2027 supports capacity expansion directionally. Wafer/device capacity is not delivered transceiver revenue. Qualification, assembly and mix remain analyst estimates."}, {"input": "Residual common equity and distress", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Raise residual cash needs after debt at a scenario discount with 3% issuance fees and per-year availability limits. The equity-value bridge charges discounted issuance fees and below-fair-value transfer only; FCFF already includes operating deficits, so principal funding is not deducted twice. If cash remains negative after the bounded operating response, common value is zero; reserve breaches alone do not imply zero recovery. Annual equivalent share issuance is disclosed separately."}, {"input": "Leases and pensions", "classification": "Reported / Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Finance lease PV $14.233m is debt-like; payments use Note 9. Operating leases remain operating costs and are not subtracted again. $49m combined underfunded pensions are reserved against opening deployable cash and deducted once from equity value; no additional deficit payment in FCFF."}, {"input": "Evidence bands and scenario probabilities", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "10/25/45/20% scenario priors are judgment-based. Comparable product price changes and capacity execution are uncertain. The Base FY27 annual revenue is explicitly compared with the Q1 guidance midpoint; FY28 onward is not management guidance."}, {"input": "Discount-rate and equity-funding assumptions", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "WACC 13/11.5/10/9%, cost of equity WACC + 2pp, terminal ROIC 8/10/13/16%; sensitivity ranges are disclosed instead of claiming a reported beta or capital-cost forecast. Equity discounts 50/30/15/10%, per-year raise limits 0/0.5/1/2bn and 3% fees. $7.2m reserve protects cash-award settlement liquidity only; equity claims remain dynamic and are not deducted again."}, {"input": "Scenario estimate ranges", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "High-speed allocation 50–80% stress range around 65%; annual comparable-product price erosion 3–9% around 6%, before separately estimated product mix; capital spending ±20%; inventory days ±30; WACC 8–14%; minority value 0.5–2x book. These are sensitivity ranges, not confidence intervals or management targets."}, {"input": "Product mix and funding response", "classification": "Dilikoğlu Research estimate", "source": "technology-briefing", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -2.56% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability."}, {"input": "Ordinary Bear versus Failure", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Bear represents slower demand and weaker manufacturing efficiency, not simultaneous product-price collapse and a credit freeze. FY27 high-speed volume stays 1.2x versus Base 1.65x; price 0.97x and annual mix match Base, while unit cost remains 0.99x versus Base 0.95x. Slower expansion uses 10% revenue capex with $1.1/1/1/1/1bn floors. Large maturities refinance 85%, versus Base 100%; 50% revolver access is retained with 75% renewal of that reduced limit. These are DR scenario definitions, not financing commitments. Failure retains operating and credit stress. Priors and valuation discount rates are unchanged."}, {"input": "Manufacturing productivity reassessment", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -4.59% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. Base comparable high-speed cost improves 6% per year and Bull 7%; other D&C improves 3%. These DR assumptions recognize yield, process and scale improvements; Failure/Bear retain 4% high-speed cost improvement. Terminal recurring EBIT targets are 20% Base / 23% Bull, capped by achieved FY31 performance. The 2025 non-GAAP objectives (>42% gross margin, 18% opex and >24% operating margin) are contextual targets, not substituted for modeled margins. SBC stays expensed and finite amortization is modeled separately."}, {"input": "Transition growth after expansion cancellation", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free."}, {"input": "Base guidance-aligned margin bridge", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 non-GAAP gross-margin planning anchor is the Q1 guidance midpoint 40.5%; DR extensions are 41.5% FY28 and 42.5% FY29–31, meeting the dated >42% objective. Non-GAAP opex scales from Q1 midpoint $0.410bn / $2.3bn revenue to the 18% long-term objective. Reported Q4 COGS SBC $7.4m and opex SBC $46.5m establish separate revenue ratios retained as economic costs. Forecast acquired amortization is deducted separately. Implied cash-cost efficiency factors reconcile the product model to those Base planning margins and stay fixed in Monte Carlo, so price/cost shocks still change margins. This is a DR annual extrapolation and operating-efficiency requirement, not additional company guidance."}, {"input": "Base tax planning rate", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "19% cash tax planning rate uses the midpoint of Q1 non-GAAP tax guidance of 18–20%; applying it across future taxable operating profits is a DR extrapolation, not long-term company guidance."}], "model_provenance": {"command": "node scripts/build_cohr.cjs", "input_sha256": "adf75d706f66e61c72adb80362f88fa55835e459f67a086eb10e025e6790ad37"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.revenueBn", "value": 7.1182, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.priorRevenueBn", "value": 5.8101, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.dcRevenueBn", "value": 5.2746, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.industrialRevenueBn", "value": 1.8436, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4DcBn", "value": 1.615, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4IndustrialBn", "value": 0.4305, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4GrossMargin", "value": 0.385, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cogsBn", "value": 4.4491, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.rdBn", "value": 0.723, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.sgaBn", "value": 1.0446, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cfoBn", "value": 0.0795, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashCapexBn", "value": 1.1029, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashBn", "value": 1.162, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.investmentsBn", "value": 0.825, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.restrictedCashBn", "value": 0.606378, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtCarryingBn", "value": 3.222224, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtCurrentBn", "value": 0.007916, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.nciBookBn", "value": 0.334705, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.receivablesBn", "value": 1.3433, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.inventoryBn", "value": 2.581, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.payablesBn", "value": 1.9054, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.quarterDilutedSharesBn", "value": 0.2022, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.quarterBasicSharesBn", "value": 0.1957, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.preferredBalanceBn", "value": 0, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.nvidiaIssuedSharesM", "value": 7.788161, "classification": "Reported", "source": "nvidia-8k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.nvidiaGrossProceedsBn", "value": 2, "classification": "Reported", "source": "nvidia-8k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.daBn", "value": 0.521895, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.capitalPayablesBn", "value": 0.371779, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ordinarySharesBn", "value": 0.195752792, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Arithmetic from reported components; not a separately reported company metric.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtPrincipalBn", "value": 3.257482, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.rsuSharesBn", "value": 0.002406714, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.psuSharesBn", "value": 0.002397885, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.optionSharesBn", "value": 0.000376536, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.optionStrike", "value": 39.1, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashSarUnitsBn", "value": 1.6438e-05, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashSarStrike", "value": 36.08, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashRsuUnitsBn", "value": 8.846e-06, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.revolverAvailableBn", "value": 0.664, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.foreignFacilityCommitmentBn", "value": 0.945, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.intangibleAmortizationBn", "value": 0.2803, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.intangibleCogsAmortizationBn", "value": 0.1112, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ppeNetBn", "value": 2.999343, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.landBn", "value": 0.058996, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.constructionInProgressBn", "value": 0.776511, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.finiteIntangiblesBn", "value": 2.454474, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Arithmetic from reported components; not a separately reported company metric.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.financeLeaseBn", "value": 0.014233, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.pensionDeficitBn", "value": 0.049, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Arithmetic from reported components; not a separately reported company metric.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.subsequentOrdinarySharesBn", "value": 0.195832246, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4CogsSbcBn", "value": 0.0074, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4OpexSbcBn", "value": 0.0465, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1RevenueLowBn", "value": 2.2, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1RevenueHighBn", "value": 2.4, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapGmLow", "value": 0.395, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapGmHigh", "value": 0.415, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapOpexLowBn", "value": 0.4, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapOpexHighBn", "value": 0.42, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapGrossMarginThreshold", "value": 0.42, "classification": "Management guidance-commentary", "source": "investor-day-2025", "sourceUrl": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf", "note": "Dated non-GAAP long-term objective; threshold values are not GAAP forecasts.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapOpexRatio", "value": 0.18, "classification": "Management guidance-commentary", "source": "investor-day-2025", "sourceUrl": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf", "note": "Dated non-GAAP long-term objective; threshold values are not GAAP forecasts.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapOperatingMarginThreshold", "value": 0.24, "classification": "Management guidance-commentary", "source": "investor-day-2025", "sourceUrl": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf", "note": "Dated non-GAAP long-term objective; threshold values are not GAAP forecasts.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapTaxLow", "value": 0.18, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapTaxHigh", "value": 0.2, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.highSpeedShareOfDc", "value": 0.65, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.highSpeedCostWeight", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.fixedCostShare", "value": 0.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.minimumCashBn", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeFY27.0", "value": 0.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeFY27.1", "value": 0.85, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeFY27.2", "value": 0.85, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceFY27.0", "value": 0.75, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceFY27.1", "value": 0.92, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceFY27.2", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeGrowth.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeGrowth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeGrowth.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capacityFY27", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capacityGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostFY27.0", "value": 1.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostFY27.1", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostFY27.2", "value": 1.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostChange.0", "value": -0.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostChange.1", "value": -0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.opexRatio", "value": 0.24, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.22, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.16, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.1", "value": 0.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.2", "value": 0.7, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.3", "value": 0.6, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.4", "value": 0.6, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 200, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalMargin", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.restrictedCashValueFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.nciValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.psuPayoutFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.refinanceFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverAccessFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverRenewalFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.fundingInterestRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.equityIssueDiscount", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.equityRaiseLimitBn", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.costOfEquity", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixPriceChange.0", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixCostChange.0", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeFY27.0", "value": 1.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeFY27.1", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeFY27.2", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceFY27.0", "value": 0.97, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceFY27.1", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceFY27.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeGrowth.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeGrowth.1", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeGrowth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capacityFY27", "value": 1.4, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capacityGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostFY27.0", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostFY27.1", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostFY27.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostChange.0", "value": -0.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostChange.1", "value": -0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.opexRatio", "value": 0.225, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.22, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.1", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.3", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.4", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 180, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalMargin", "value": 0.12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.restrictedCashValueFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.nciValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.psuPayoutFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.refinanceFraction", "value": 0.85, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverAccessFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverRenewalFactor", "value": 0.75, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.fundingInterestRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.equityIssueDiscount", "value": 0.3, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.equityRaiseLimitBn", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.costOfEquity", "value": 0.135, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixPriceChange.0", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixCostChange.0", "value": 0.015, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeFY27.0", "value": 1.65, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeFY27.1", "value": 1.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeFY27.2", "value": 1.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceFY27.0", "value": 0.97, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceFY27.1", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceFY27.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeGrowth.0", "value": 0.23, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeGrowth.1", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeGrowth.2", "value": 0.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capacityFY27", "value": 1.8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capacityGrowth", "value": 0.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostFY27.0", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostFY27.1", "value": 0.98, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostFY27.2", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.opexRatio", "value": 0.21, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.19, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.14, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.0", "value": 1.6, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.1", "value": 1.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.2", "value": 2.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.3", "value": 2.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.4", "value": 2.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 150, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalMargin", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.13, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.restrictedCashValueFactor", "value": 0.75, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nciValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.psuPayoutFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.refinanceFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverAccessFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverRenewalFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.fundingInterestRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.equityIssueDiscount", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.equityRaiseLimitBn", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.costOfEquity", "value": 0.12000000000000001, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixPriceChange.0", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixCostChange.0", "value": 0.015, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.0", "value": 0.405, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.1", "value": 0.415, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.2", "value": 0.425, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.3", "value": 0.425, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.4", "value": 0.425, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.0", "value": 0.1782608695652174, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.1", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.2", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.3", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.4", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.0", "value": 0.9983279048204245, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.1", "value": 0.9625604515516727, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.2", "value": 0.9340951920245395, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.3", "value": 0.9261410120936745, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.4", "value": 0.9221534813547193, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeFY27.0", "value": 2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeFY27.1", "value": 1.12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeFY27.2", "value": 1.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceFY27.0", "value": 1.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceFY27.1", "value": 1.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceFY27.2", "value": 1.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeGrowth.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeGrowth.1", "value": 0.07, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeGrowth.2", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capacityFY27", "value": 2.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capacityGrowth", "value": 0.32, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostFY27.0", "value": 0.92, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostFY27.1", "value": 0.97, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostFY27.2", "value": 0.98, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostChange.0", "value": -0.07, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.opexRatio", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.22, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.13, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.0", "value": 1.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.1", "value": 2.4, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.2", "value": 2.8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.3", "value": 3.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.4", "value": 3.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalMargin", "value": 0.23, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.16, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.restrictedCashValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.nciValueFactor", "value": 1.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.psuPayoutFactor", "value": 1.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.refinanceFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverAccessFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverRenewalFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.fundingInterestRate", "value": 0.055, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.equityIssueDiscount", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.equityRaiseLimitBn", "value": 2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.costOfEquity", "value": 0.11, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixPriceChange.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixCostChange.0", "value": 0.025, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.fundingFeeRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.transitionYears", "value": 5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.equityFeeRate", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.claimCashReserveBn", "value": 0.049, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.cashAwardLiquidityReserveBn", "value": 0.0072, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.responseExpansionCuts.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.responseExpansionCuts.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.cogsSbcRatio", "value": 0.0036176973845025665, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.opexSbcRatio", "value": 0.022732828159374236, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.0", "value": 0.277273, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.1", "value": 0.242596, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.2", "value": 0.274005, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.3", "value": 0.251941, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.4", "value": 0.240404, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.0", "value": 0.002847, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.1", "value": 0.002925, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.2", "value": 0.003006, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.3", "value": 0.003088, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.4", "value": 0.003173, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.5", "value": 0.001521, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeaseRate", "value": 0.056, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.equipmentShare", "value": 0.7, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.equipmentLife", "value": 7, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.buildingLife", "value": 20, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.commissioningLagYears", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.openingCipReleaseShares.0", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.openingCipReleaseShares.1", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.depreciationCogsShare", "value": 0.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.cashToAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.amortizationCogsShare", "value": 0.39671780235462, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.seed", "value": 20260913, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.pricingSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.executionSigma", "value": 0.16, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.costSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.capexSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.waccSigma", "value": 0.005, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.workingCapitalDaysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.cycleExecutionCorrelation", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.financingSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.awardPayoutSigma", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.mixSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.capitalConversionSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.issuanceDiscountSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.equityCapacitySigma", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.annualPriceChangeSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalMarginSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.002, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalRoicSigma", "value": 0.005, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.minorityValueSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.restrictedValueSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.productMixSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.exitMultipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.0", "value": 0.007916, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.1", "value": 0.034375, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.2", "value": 0.093629, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.3", "value": 2.135625, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.4", "value": 0.985937, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.0.principalBn", "value": 1.140625, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.1.principalBn", "value": 1.08, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.2.principalBn", "value": 0.99, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.3.principalBn", "value": 0.028004, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.4.principalBn", "value": 0.004791, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.5.principalBn", "value": 0.014062, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.issuanceDiscountBn", "value": 0.035258, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.revolverCommitmentBn", "value": 0.7, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.revolverAvailableBn", "value": 0.664, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.foreignFacility.commitmentBn", "value": 0.945, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.foreignFacility.drawnAt20260814Bn", "value": 0, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.foreignFacility.baselineUseBn", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Reported operating anchors", "classification": "Reported", "source": "fy26-release", "treatment": "FY26 segment revenue and financial statements. Q4 segment revenue is the run-rate anchor; year-over-year Industrial comparisons include divestitures."}, {"input": "FY27 Q1 outlook", "classification": "Management guidance-commentary", "source": "fy26-release", "treatment": "Revenue range and non-GAAP margin/opex outlook are displayed separately. They are not annual forecasts or GAAP assumptions."}, {"input": "High-speed optics allocation and costs", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Allocate 65% of Q4 Datacenter & Communications to high-speed optics. Other D&C is residual; no separate CPO revenue uplift. Cost weights normalize to reported Q4 consolidated gross margin; 25% fixed and 75% volume-linked costs."}, {"input": "Volume, pricing, capacity and unit cost paths", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Scenario indexes refer to annualized Q4. High-speed delivered volume is capped by annual manufacturing bounds. Annual price erosion and cost improvements are distinct; forecast margins are outputs."}, {"input": "Cash conversion, opex, D&A, tax and capex", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Separate FY26 $0.2803bn acquired-intangible amortization from total $0.521895bn D&A. Forecast amortization uses Note 6 schedule; physical assets have capped remaining bases, 70% equipment/7 years and 30% buildings/20 years, a one-year commissioning lag, and opening CIP released 50/50 over FY27/28. Cost allocation follows reported COGS amortization share and estimated 90% factory-depreciation share. Cash capex remains scenario-driven; SBC is retained as an economic cost."}, {"input": "Equity claims", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "June 30 common shares 212.615894m issued less 16.863102m treasury = 195.752792m, aligned to June awards. Reported August count 195.832246m is a cross-check. RSUs, scenario PSU payouts, option premium and cash-settled awards remain separate. Debt principal, finance leases and pension deficit are distinct claims. No additional quarterly share proxy."}, {"input": "Completed NVIDIA issuance", "classification": "Reported", "source": "nvidia-8k", "treatment": "7.788161m common shares and $2bn gross proceeds were issued in March. Already reflected in June balances; partnership optionality earns no separate valuation premium."}, {"input": "Restricted cash and minority interests", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Restricted cash is excluded from parent liquidity. Equity bridge values it at 0/50/75/100% of $606.4m and subtracts 1/1/1/1.25x reported NCI book value. Both treatments are proxies, not subsidiary fair-value appraisals."}, {"input": "Discount rate, terminal economics and exit multiple", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Five operating years plus five transition years. Revenue growth, EBIT margin and net reinvestment converge gradually; terminal capex less physical depreciation plus incremental NWC equals NOPAT × g / ROIC. Acquired amortization is excluded from recurring replacement capital. Terminal FCFF matches the final transition economics; no sudden capex release at FY31. Primary terminal value uses FY2036 recurring EBIT (EBIT plus finite acquired-intangible amortization, with SBC retained as an expense) at 8/12/20/25x in Failure/Bear/Base/Bull, discounted to opening FY27. These DR estimates reflect stressed, slower-growth, durable-growth and stronger-growth outcomes; they are not management guidance. Perpetuity FCFF is a separate unblended cross-check. Monte Carlo exit multiples have 15% log dispersion correlated with the operating cycle."}, {"input": "Monte Carlo", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "20,000 seeded draws use the same operating, assets, financing and shareholder-value engine. Correlated price, execution, costs, working capital, credit access and award payouts; estimates also stress high-speed mix, issuance discounts and capital conversion. Paths with negative cash after the bounded operating response have zero common-equity recovery."}, {"input": "Debt maturities and credit commitments", "classification": "Reported", "source": "fy26-10k", "treatment": "Repayment schedule and instrument principal come from Note 8. June revolver availability is $664m, below $700m commitment. The $945m August facility was undrawn at August 14 and restricted to the subsidiary borrower’s permitted uses; excluded from parent funding."}, {"input": "Refinancing and available credit usage", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Refinance 0/85/100/100% of annual principal maturities above $0.5bn. Pay smaller amortization from cash. Revolver access is 0/50/100/100% of reported availability; renewal beyond FY2030 at 0/75/100/100% of scenario availability. Fees 2%; annual interest 10/8/6/5.5%. Draw only to replenish the $0.5bn reserve. New financing is not a commitment or equity-value addition. Fee PV reduces value; principal is not subtracted twice from FCFF valuation."}, {"input": "Share award payout and cash-settled awards", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "PSUs at 0/50/100/150% of reported units are DR outcomes, not verified contractual payout limits. No future grants added to shares while forecast SBC remains an economic cost. Cash SAR intrinsic value and cash RSUs are deducted dynamically; ordinary options add premium dilution only."}, {"input": "Product roadmap and manufacturing capacity", "classification": "Management guidance-commentary", "source": "technology-briefing", "treatment": "InP production doubling in calendar 2026 and 2027 supports capacity expansion directionally. Wafer/device capacity is not delivered transceiver revenue. Qualification, assembly and mix remain analyst estimates."}, {"input": "Residual common equity and distress", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Raise residual cash needs after debt at a scenario discount with 3% issuance fees and per-year availability limits. The equity-value bridge charges discounted issuance fees and below-fair-value transfer only; FCFF already includes operating deficits, so principal funding is not deducted twice. If cash remains negative after the bounded operating response, common value is zero; reserve breaches alone do not imply zero recovery. Annual equivalent share issuance is disclosed separately."}, {"input": "Leases and pensions", "classification": "Reported / Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Finance lease PV $14.233m is debt-like; payments use Note 9. Operating leases remain operating costs and are not subtracted again. $49m combined underfunded pensions are reserved against opening deployable cash and deducted once from equity value; no additional deficit payment in FCFF."}, {"input": "Evidence bands and scenario probabilities", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "10/25/45/20% scenario priors are judgment-based. Comparable product price changes and capacity execution are uncertain. The Base FY27 annual revenue is explicitly compared with the Q1 guidance midpoint; FY28 onward is not management guidance."}, {"input": "Discount-rate and equity-funding assumptions", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "WACC 13/11.5/10/9%, cost of equity WACC + 2pp, terminal ROIC 8/10/13/16%; sensitivity ranges are disclosed instead of claiming a reported beta or capital-cost forecast. Equity discounts 50/30/15/10%, per-year raise limits 0/0.5/1/2bn and 3% fees. $7.2m reserve protects cash-award settlement liquidity only; equity claims remain dynamic and are not deducted again."}, {"input": "Scenario estimate ranges", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "High-speed allocation 50–80% stress range around 65%; annual comparable-product price erosion 3–9% around 6%, before separately estimated product mix; capital spending ±20%; inventory days ±30; WACC 8–14%; minority value 0.5–2x book. These are sensitivity ranges, not confidence intervals or management targets."}, {"input": "Product mix and funding response", "classification": "Dilikoğlu Research estimate", "source": "technology-briefing", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -2.56% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability."}, {"input": "Ordinary Bear versus Failure", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Bear represents slower demand and weaker manufacturing efficiency, not simultaneous product-price collapse and a credit freeze. FY27 high-speed volume stays 1.2x versus Base 1.65x; price 0.97x and annual mix match Base, while unit cost remains 0.99x versus Base 0.95x. Slower expansion uses 10% revenue capex with $1.1/1/1/1/1bn floors. Large maturities refinance 85%, versus Base 100%; 50% revolver access is retained with 75% renewal of that reduced limit. These are DR scenario definitions, not financing commitments. Failure retains operating and credit stress. Priors and valuation discount rates are unchanged."}, {"input": "Manufacturing productivity reassessment", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -4.59% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. Base comparable high-speed cost improves 6% per year and Bull 7%; other D&C improves 3%. These DR assumptions recognize yield, process and scale improvements; Failure/Bear retain 4% high-speed cost improvement. Terminal recurring EBIT targets are 20% Base / 23% Bull, capped by achieved FY31 performance. The 2025 non-GAAP objectives (>42% gross margin, 18% opex and >24% operating margin) are contextual targets, not substituted for modeled margins. SBC stays expensed and finite amortization is modeled separately."}, {"input": "Transition growth after expansion cancellation", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free."}, {"input": "Base guidance-aligned margin bridge", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 non-GAAP gross-margin planning anchor is the Q1 guidance midpoint 40.5%; DR extensions are 41.5% FY28 and 42.5% FY29–31, meeting the dated >42% objective. Non-GAAP opex scales from Q1 midpoint $0.410bn / $2.3bn revenue to the 18% long-term objective. Reported Q4 COGS SBC $7.4m and opex SBC $46.5m establish separate revenue ratios retained as economic costs. Forecast acquired amortization is deducted separately. Implied cash-cost efficiency factors reconcile the product model to those Base planning margins and stay fixed in Monte Carlo, so price/cost shocks still change margins. This is a DR annual extrapolation and operating-efficiency requirement, not additional company guidance."}, {"input": "Base tax planning rate", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "19% cash tax planning rate uses the midpoint of Q1 non-GAAP tax guidance of 18–20%; applying it across future taxable operating profits is a DR extrapolation, not long-term company guidance."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/COHR"}, "model_note": "Reviewed DR scenario baseline at opening FY27; information reviewed through September 13. Product economics, financing terms and recovery outcomes remain estimates. Source review and sensitivity ranges are disclosed. No recommendation assigned.", "limitations": ["Product-level price, cost, mix and physical capacity are DR estimates; scenario uncertainty is not eliminated by publication.", "Valuation is at June 30/opening FY27 with a September 13 information cutoff. Common shares and awards use the same June date; subsequent ordinary-share count is disclosed as a cross-check.", "NCI uses a disclosed book-value multiple proxy; the subsidiary’s fair value is not separately reported. Restricted cash is excluded from parent funding.", "Annual funding approximates intra-year cash needs. A springing-maturity stress advances major refinancing by one year; this is not a daily legal covenant test.", "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free.", "Asset commissioning, useful lives and cash-to-asset conversion are estimated. Acquired-intangible amortization follows the disclosed schedule separately.", "No recommendation is assigned. Portfolio Analytics has separately disclosed dated price and DR evidence inputs."], "links": {"coverage": "https://dilikogluresearch.com/coverage/cohr", "model": "https://dilikogluresearch.com/cohr_model", "native_model": "https://dilikogluresearch.com/api/model/COHR", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=COHR"}, "model_version": "a428a44f4b72095775d6554ff8138595b78babf24f2f446c848077fb282bc7a9"}}, {"id": "b5e53c17f9e25b6008b064ffb4bba617323d2f9fecbb71ec3fbb70f1e0c27dad", "ticker": "HUT", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "cd8014c110842996dcdf85d7f9c9a3caa3ca27f2c8ea9b962cfa0e2cab4924ca", "research_version": "81ebc95dd5ab833fc28dbf9f3162f9a88f041e40f30f4ba3cb314802982458ec", "changes": [{"field": "publication_status", "old_value": 1, "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [], "public_evidence": [{"url": "https://www.hut8.com/news-insights/press-releases/hut-8-reports-second-quarter-2026-results", "title": "Hut 8 Q2 2026 results", "date": "2026-08-04", "category": "Company Materials", "supports": "Hut 8 Q2 2026 results", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm", "title": "Hut 8 10-Q", "date": null, "category": "Company Filings", "supports": "Hut 8 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-signs-15-year-245-mw-ai-data-center-lease-at-river-bend-campus-with-total-contract-value", "title": "River Bend lease", "date": "2025-12-17", "category": "Company Materials", "supports": "River Bend lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd3-25-billion-of-investment-grade-senior-secured-notes-in-landmark-financing", "title": "River Bend financing", "date": "2026-04-30", "category": "Financing / Counterparty Sources", "supports": "River Bend financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw", "title": "Beacon P1 lease", "date": "2026-05-06", "category": "Company Materials", "supports": "Beacon P1 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd4-25-billion-of-investment-grade-senior-secured-notes-for-beacon-point-data", "title": "Beacon P1 financing", "date": "2026-06-09", "category": "Financing / Counterparty Sources", "supports": "Beacon P1 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-fully-commercializes-1-gw-beacon-point-ai-data-center-campus-with-second-352-mw-it-lease", "title": "Beacon P2 lease", "date": "2026-07-20", "category": "Company Materials", "supports": "Beacon P2 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-affirms-commitment-to-responsible-data-center-development-following-directive-from-texas", "title": "Hut 8 Texas response", "date": "2026-08-10", "category": "Company Materials", "supports": "Hut 8 Texas response", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "65acbe181a338d47377ac4d0bdda4b7398bd5e2a22c09077916617e1528e9b67"}}, "new_value": {"model_sources": [], "public_evidence": [{"url": "https://www.hut8.com/news-insights/press-releases/hut-8-reports-second-quarter-2026-results", "title": "Hut 8 Q2 2026 results", "date": "2026-08-04", "category": "Company Materials", "supports": "Hut 8 Q2 2026 results", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm", "title": "Hut 8 10-Q", "date": null, "category": "Company Filings", "supports": "Hut 8 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-signs-15-year-245-mw-ai-data-center-lease-at-river-bend-campus-with-total-contract-value", "title": "River Bend lease", "date": "2025-12-17", "category": "Company Materials", "supports": "River Bend lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd3-25-billion-of-investment-grade-senior-secured-notes-in-landmark-financing", "title": "River Bend financing", "date": "2026-04-30", "category": "Financing / Counterparty Sources", "supports": "River Bend financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw", "title": "Beacon P1 lease", "date": "2026-05-06", "category": "Company Materials", "supports": "Beacon P1 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd4-25-billion-of-investment-grade-senior-secured-notes-for-beacon-point-data", "title": "Beacon P1 financing", "date": "2026-06-09", "category": "Financing / Counterparty Sources", "supports": "Beacon P1 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-fully-commercializes-1-gw-beacon-point-ai-data-center-campus-with-second-352-mw-it-lease", "title": "Beacon P2 lease", "date": "2026-07-20", "category": "Company Materials", "supports": "Beacon P2 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-affirms-commitment-to-responsible-data-center-development-following-directive-from-texas", "title": "Hut 8 Texas response", "date": "2026-08-10", "category": "Company Materials", "supports": "Hut 8 Texas response", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "65acbe181a338d47377ac4d0bdda4b7398bd5e2a22c09077916617e1528e9b67"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "HUT", "company": "Hut 8", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 93.55, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 90.34625009385695, "probability_weighted": 84.0822435327544, "scenarios": {"failure": {"fair_value": 7.225457506976737, "probability": 0.1}, "bear": {"fair_value": 39.723245777030854, "probability": 0.25}, "base": {"fair_value": 90.34625009385695, "probability": 0.45}, "bull": {"fair_value": 163.8653689778169, "probability": 0.2}}, "monte_carlo_median": 79.1092897495608, "method": "Project NAV + risked pipeline option"}, "thesis": {"pillars": ["Long-duration contracted leases anchor the infrastructure valuation.", "Non-recourse project financing can improve capital efficiency while leaving construction and delivery obligations.", "The next source of value is repeat conversion of early-stage power positions into signed, financeable projects."], "variant": "A high-quality infrastructure platform need not be an undervalued stock. Pipeline success must be tested against the market-implied development requirement and the full equity-compensation burden.", "risks": ["Early-stage power positions may fail to convert into contracted projects.", "Open financing terms must not be treated as executed commitments.", "Compensation, project cash restrictions and corporate costs reduce common-equity value."], "summary": "Hut 8’s contracted infrastructure and project-financing model provide a foundation for further development. Additional value depends on converting its power pipeline into signed projects at returns that justify the funding and compensation burden."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.hut8.com/news-insights/press-releases/hut-8-reports-second-quarter-2026-results", "title": "Hut 8 Q2 2026 results", "date": "2026-08-04", "category": "Company Materials", "supports": "Hut 8 Q2 2026 results", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm", "title": "Hut 8 10-Q", "date": null, "category": "Company Filings", "supports": "Hut 8 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-signs-15-year-245-mw-ai-data-center-lease-at-river-bend-campus-with-total-contract-value", "title": "River Bend lease", "date": "2025-12-17", "category": "Company Materials", "supports": "River Bend lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd3-25-billion-of-investment-grade-senior-secured-notes-in-landmark-financing", "title": "River Bend financing", "date": "2026-04-30", "category": "Financing / Counterparty Sources", "supports": "River Bend financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw", "title": "Beacon P1 lease", "date": "2026-05-06", "category": "Company Materials", "supports": "Beacon P1 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd4-25-billion-of-investment-grade-senior-secured-notes-for-beacon-point-data", "title": "Beacon P1 financing", "date": "2026-06-09", "category": "Financing / Counterparty Sources", "supports": "Beacon P1 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-fully-commercializes-1-gw-beacon-point-ai-data-center-campus-with-second-352-mw-it-lease", "title": "Beacon P2 lease", "date": "2026-07-20", "category": "Company Materials", "supports": "Beacon P2 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-affirms-commitment-to-responsible-data-center-development-following-directive-from-texas", "title": "Hut 8 Texas response", "date": "2026-08-10", "category": "Company Materials", "supports": "Hut 8 Texas response", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "65acbe181a338d47377ac4d0bdda4b7398bd5e2a22c09077916617e1528e9b67"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/HUT"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/hut", "model": "https://dilikogluresearch.com/hut_model", "native_model": "https://dilikogluresearch.com/api/model/HUT", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=HUT"}, "model_version": "cd8014c110842996dcdf85d7f9c9a3caa3ca27f2c8ea9b962cfa0e2cab4924ca"}}, {"id": "b6516e380423ac4f06e08d9f8302d11651fbcc50c7c00dd885e6edebd138d22f", "ticker": "SKHY", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-21", "model_version": "189a3194c9ddfd5eeaa1ebda41d212dbb31783e0e9c1fa8cdf00c2390100a059", "research_version": "2e4a28e4c0045cb2789cddd2fb3a3a61d8eda4e062008d8cfab5c466bb5f1466", "changes": [{"field": "publication_status", "old_value": "reviewed_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [{"id": "h1", "date": "2026-08-18", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm"}, {"id": "h1-mirror", "date": "2026-08-18", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/"}, {"id": "q2", "date": "2026-07-29", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/"}, {"id": "deck", "date": "2026-07-29", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf"}, {"id": "ipo", "date": "2026-07-10", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm"}, {"id": "closing", "date": "2026-07-15", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm"}, {"id": "buyback", "date": "2026-08-19", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/"}, {"id": "fx", "date": "2026-09-18", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18"}, {"id": "price", "date": "2026-09-18", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical"}, {"id": "local-price", "date": "2026-09-18", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/"}], "public_evidence": [{"category": "Company Materials", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "date": "2026-08-18", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/", "date": "2026-08-18", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/", "date": "2026-07-29", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "date": "2026-07-29", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "date": "2026-07-10", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm", "date": "2026-07-15", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/", "date": "2026-08-19", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18", "date": "2026-09-18", "source_type": "Primary disclosure / public document mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}], "lineage": [{"input": "June consolidated balances and income", "classification": "Reported", "source": "h1", "treatment": "June 30 consolidated statements, not parent-only accounts. KRW millions converted to trillions. Q2 D&A rounded from the earnings deck. Investment gains and dividends are excluded from forecast operating FCFF. Exchangeable bonds fully exercised by June; weighted-average EPS dilution is not a remaining convert claim."}, {"input": "Listing, FX and July offering", "classification": "Reported", "source": "ipo", "treatment": "One ADS represents 0.1 ordinary share. June outstanding ordinary shares plus 17.79m newly issued shares. Net offering proceeds before other expenses translated at the July 14 closing FX. September 18 ECB-derived KRW/USD is a dated translation convention, not a live quote. Forecast FX and IPO other costs are estimates."}, {"input": "Buyback and share awards", "classification": "Dilikoğlu Research estimate", "source": "buyback", "treatment": "Assume full KRW40trn authorized buyback completes by opening 2027 at September 18 Korean ordinary close. Deduct the cash and the corresponding ordinary shares together. This is an estimated completion bridge, not a claim of purchases already executed. Add 1m ordinary award-equivalent claims, stress 0.5–2m. Cash costs retain future SBC; no perpetual buyback benefit."}, {"input": "Q3 volumes and FY26 investment", "classification": "Management guidance-commentary", "source": "deck", "treatment": "Q3 DRAM approximately 10% sequential bit growth, NAND low-single-digit growth. Model3% NAND midpoint and KRW47–49trn interpretation of high-40trn capex are DR arithmetic. No annual2027 revenue or margin guidance is claimed."}, {"input": "HBM allocation, supply and pricing", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "HBM included within DRAM. Q2 DRAM/NAND shares73/27% are rounded presentation mix proxies; HBM KRW14trn allocation is not disclosed and stressed10–18trn. FY27 demand and ASP indexes reference annualizedQ2. Shared wafer capacity, node productivity, packaging and NAND constrain shipment demand. MU price-normalization rates, priors and terminal return conventions are shared; SK hynix volume, pricing levels, taxes and capex are separately underwritten."}, {"input": "Opening cash and non-operating investments", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash plus short-term financial instruments/investments less borrowings, current tax net of tax receivable, customer advances and claims. Long-term financial instruments added separately; long-term investments and associates receive scenario recovery haircuts, with an explicit KRW15trn realization-tax reserve at Base rather than adding investment gains to earnings. Reported deferred-tax liabilities are covered within that reserve, not deducted twice. Operating lease payments remain in operating costs; leases are not subtracted again as financial debt. Noncontrolling interests and subsidiary award reserve deducted."}, {"input": "H2 bridge and capital commitments", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "H2 revenue200trn,83%gross margin and14trn opex are research forecasts anchored to Q2 and Q3 bit-growth outlook. H2 PPE cash capex48trn minus reported H1 capex plus0.7trn intangibles. ScenarioH2 revenue factors vary. June61.485trn purchase commitments are scheduled within annual cash-capex floors, not deducted again as debt. No value assigned to unconfirmed Japan, packaging disposals or Solidigm fundraising."}, {"input": "Operating costs, assets and working capital", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash product costs allocated from reported Q2 COGS excluding estimated90%manufacturing D&A. Annual asset cohorts charge D&A once;7/20-year lives, land/CIP/equipment allocations and commissioning lags are assumptions. Other non-trade payables are not all treated as operating:8trn opening operating-accrual proxy, rest represented in cash capex and claim reserves. Tax25%, future margins and capital floors are forecasts, not reported results. Lease D&A is removed from the FCFF add-back using half of H1 ROU depreciation as a Q2 proxy; recurring lease expense remains in costs. H2 and later D&A are research asset-schedule estimates."}, {"input": "DCF, Monte Carlo and portfolio evidence", "classification": "Dilikoğlu Research estimate", "source": "q2", "treatment": "Five operating years plus five normalization years; terminal cash reinvestment NOPAT×growth/ROIC. Correlated cycle, execution, costs, capex, working capital, WACC, FX, HBM allocation, noncore recovery and award uncertainty. Judgment-based probabilities, no calibration to market. USD ADS short history must not be filled with Korean ordinary returns."}], "model_provenance": {"command": "node scripts/build_skhy.cjs", "input_sha256": "e325c12ce0476d5cf86b670374c1a90d08d03dade7ff451159d5c7477fa71e9f", "engine_sha256": "6926f2824be949319e86edf18c81af0a3b3dc5eeb9f1126703b7e634acdd4531", "shared_memory_engine_sha256": "4dc0416b3e8d8411bd8ea82af14af9d71471fa7045699c833a2ddc949d3e40a5"}}, "new_value": {"model_sources": [{"id": "h1", "date": "2026-08-18", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm"}, {"id": "h1-mirror", "date": "2026-08-18", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/"}, {"id": "q2", "date": "2026-07-29", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/"}, {"id": "deck", "date": "2026-07-29", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf"}, {"id": "ipo", "date": "2026-07-10", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm"}, {"id": "closing", "date": "2026-07-15", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm"}, {"id": "buyback", "date": "2026-08-19", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/"}, {"id": "fx", "date": "2026-09-18", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18"}, {"id": "price", "date": "2026-09-18", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical"}, {"id": "local-price", "date": "2026-09-18", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/"}], "public_evidence": [{"category": "Company Materials", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "date": "2026-08-18", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/", "date": "2026-08-18", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/", "date": "2026-07-29", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "date": "2026-07-29", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "date": "2026-07-10", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm", "date": "2026-07-15", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/", "date": "2026-08-19", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18", "date": "2026-09-18", "source_type": "Primary disclosure / public document mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}], "lineage": [{"input": "June consolidated balances and income", "classification": "Reported", "source": "h1", "treatment": "June 30 consolidated statements, not parent-only accounts. KRW millions converted to trillions. Q2 D&A rounded from the earnings deck. Investment gains and dividends are excluded from forecast operating FCFF. Exchangeable bonds fully exercised by June; weighted-average EPS dilution is not a remaining convert claim."}, {"input": "Listing, FX and July offering", "classification": "Reported", "source": "ipo", "treatment": "One ADS represents 0.1 ordinary share. June outstanding ordinary shares plus 17.79m newly issued shares. Net offering proceeds before other expenses translated at the July 14 closing FX. September 18 ECB-derived KRW/USD is a dated translation convention, not a live quote. Forecast FX and IPO other costs are estimates."}, {"input": "Buyback and share awards", "classification": "Dilikoğlu Research estimate", "source": "buyback", "treatment": "Assume full KRW40trn authorized buyback completes by opening 2027 at September 18 Korean ordinary close. Deduct the cash and the corresponding ordinary shares together. This is an estimated completion bridge, not a claim of purchases already executed. Add 1m ordinary award-equivalent claims, stress 0.5–2m. Cash costs retain future SBC; no perpetual buyback benefit."}, {"input": "Q3 volumes and FY26 investment", "classification": "Management guidance-commentary", "source": "deck", "treatment": "Q3 DRAM approximately 10% sequential bit growth, NAND low-single-digit growth. Model3% NAND midpoint and KRW47–49trn interpretation of high-40trn capex are DR arithmetic. No annual2027 revenue or margin guidance is claimed."}, {"input": "HBM allocation, supply and pricing", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "HBM included within DRAM. Q2 DRAM/NAND shares73/27% are rounded presentation mix proxies; HBM KRW14trn allocation is not disclosed and stressed10–18trn. FY27 demand and ASP indexes reference annualizedQ2. Shared wafer capacity, node productivity, packaging and NAND constrain shipment demand. MU price-normalization rates, priors and terminal return conventions are shared; SK hynix volume, pricing levels, taxes and capex are separately underwritten."}, {"input": "Opening cash and non-operating investments", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash plus short-term financial instruments/investments less borrowings, current tax net of tax receivable, customer advances and claims. Long-term financial instruments added separately; long-term investments and associates receive scenario recovery haircuts, with an explicit KRW15trn realization-tax reserve at Base rather than adding investment gains to earnings. Reported deferred-tax liabilities are covered within that reserve, not deducted twice. Operating lease payments remain in operating costs; leases are not subtracted again as financial debt. Noncontrolling interests and subsidiary award reserve deducted."}, {"input": "H2 bridge and capital commitments", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "H2 revenue200trn,83%gross margin and14trn opex are research forecasts anchored to Q2 and Q3 bit-growth outlook. H2 PPE cash capex48trn minus reported H1 capex plus0.7trn intangibles. ScenarioH2 revenue factors vary. June61.485trn purchase commitments are scheduled within annual cash-capex floors, not deducted again as debt. No value assigned to unconfirmed Japan, packaging disposals or Solidigm fundraising."}, {"input": "Operating costs, assets and working capital", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash product costs allocated from reported Q2 COGS excluding estimated90%manufacturing D&A. Annual asset cohorts charge D&A once;7/20-year lives, land/CIP/equipment allocations and commissioning lags are assumptions. Other non-trade payables are not all treated as operating:8trn opening operating-accrual proxy, rest represented in cash capex and claim reserves. Tax25%, future margins and capital floors are forecasts, not reported results. Lease D&A is removed from the FCFF add-back using half of H1 ROU depreciation as a Q2 proxy; recurring lease expense remains in costs. H2 and later D&A are research asset-schedule estimates."}, {"input": "DCF, Monte Carlo and portfolio evidence", "classification": "Dilikoğlu Research estimate", "source": "q2", "treatment": "Five operating years plus five normalization years; terminal cash reinvestment NOPAT×growth/ROIC. Correlated cycle, execution, costs, capex, working capital, WACC, FX, HBM allocation, noncore recovery and award uncertainty. Judgment-based probabilities, no calibration to market. USD ADS short history must not be filled with Korean ordinary returns."}], "model_provenance": {"command": "node scripts/build_skhy.cjs", "input_sha256": "e325c12ce0476d5cf86b670374c1a90d08d03dade7ff451159d5c7477fa71e9f", "engine_sha256": "6926f2824be949319e86edf18c81af0a3b3dc5eeb9f1126703b7e634acdd4531", "shared_memory_engine_sha256": "4dc0416b3e8d8411bd8ea82af14af9d71471fa7045699c833a2ddc949d3e40a5"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "SKHY", "company": "SK hynix", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-12-31", "valuation_horizon": "FY2027–2036", "reference_price": {"value": 187.5, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/ADS", "base": 244.37117080340167, "probability_weighted": 230.16485470483354, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 76.25303575531507, "probability": 0.25}, "base": {"fair_value": 244.37117080340167, "probability": 0.45}, "bull": {"fair_value": 505.67284452237, "probability": 0.2}}, "monte_carlo_median": 211.46615690034346, "method": "FY2027–2036 FCFF DCF; normalized earnings cross-check"}, "thesis": {"summary": "SK hynix research tests HBM leadership and memory pricing against capital reinvestment, cycle normalization and shareholder claims. Values use the Nasdaq ADS basis.", "pillars": ["HBM is modeled within DRAM, with NAND and Solidigm consolidated.", "Q2 results and management capacity commentary anchor a separate forecast of volume, pricing and cash returns.", "Buyback cash, share claims, noncore investments and currency translation reconcile to USD per ADS."], "risks": ["Customer qualification and packaging ramps may fall behind demand.", "Memory pricing and investment gains can obscure sustainable cash returns.", "The ADS premium, KRW exchange rate and recent listing history complicate market comparisons."], "variant": "Capacity leadership creates value when volume and pricing generate returns above the capital required."}, "governance": [{"signal": "HBM execution", "review_trigger": "Ramp delayed two quarters or volume15%below plan", "action": "Review packaging and customer qualification."}, {"signal": "Pricing", "review_trigger": "ASP15%below plan or gross margin5ppbelow plan for two quarters", "action": "Rebuild price/cost curve."}, {"signal": "Capital returns", "review_trigger": "Capex20%above plan without corresponding output", "action": "Review cash returns and terminalROIC."}, {"signal": "Liquidity", "review_trigger": "Adjusted reserve below KRW10trn", "action": "Explicitly underwrite financing before release."}, {"signal": "Claims / FX", "review_trigger": "Buyback, FX or investment carrying values materially differ", "action": "Refresh cash, shares and ADS conversion together."}], "sources": {"model_sources": [{"id": "h1", "date": "2026-08-18", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm"}, {"id": "h1-mirror", "date": "2026-08-18", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/"}, {"id": "q2", "date": "2026-07-29", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/"}, {"id": "deck", "date": "2026-07-29", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf"}, {"id": "ipo", "date": "2026-07-10", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm"}, {"id": "closing", "date": "2026-07-15", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm"}, {"id": "buyback", "date": "2026-08-19", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/"}, {"id": "fx", "date": "2026-09-18", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18"}, {"id": "price", "date": "2026-09-18", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical"}, {"id": "local-price", "date": "2026-09-18", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/"}], "public_evidence": [{"category": "Company Materials", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "date": "2026-08-18", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/", "date": "2026-08-18", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/", "date": "2026-07-29", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "date": "2026-07-29", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "date": "2026-07-10", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm", "date": "2026-07-15", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/", "date": "2026-08-19", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18", "date": "2026-09-18", "source_type": "Primary disclosure / public document mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}], "lineage": [{"input": "June consolidated balances and income", "classification": "Reported", "source": "h1", "treatment": "June 30 consolidated statements, not parent-only accounts. KRW millions converted to trillions. Q2 D&A rounded from the earnings deck. Investment gains and dividends are excluded from forecast operating FCFF. Exchangeable bonds fully exercised by June; weighted-average EPS dilution is not a remaining convert claim."}, {"input": "Listing, FX and July offering", "classification": "Reported", "source": "ipo", "treatment": "One ADS represents 0.1 ordinary share. June outstanding ordinary shares plus 17.79m newly issued shares. Net offering proceeds before other expenses translated at the July 14 closing FX. September 18 ECB-derived KRW/USD is a dated translation convention, not a live quote. Forecast FX and IPO other costs are estimates."}, {"input": "Buyback and share awards", "classification": "Dilikoğlu Research estimate", "source": "buyback", "treatment": "Assume full KRW40trn authorized buyback completes by opening 2027 at September 18 Korean ordinary close. Deduct the cash and the corresponding ordinary shares together. This is an estimated completion bridge, not a claim of purchases already executed. Add 1m ordinary award-equivalent claims, stress 0.5–2m. Cash costs retain future SBC; no perpetual buyback benefit."}, {"input": "Q3 volumes and FY26 investment", "classification": "Management guidance-commentary", "source": "deck", "treatment": "Q3 DRAM approximately 10% sequential bit growth, NAND low-single-digit growth. Model3% NAND midpoint and KRW47–49trn interpretation of high-40trn capex are DR arithmetic. No annual2027 revenue or margin guidance is claimed."}, {"input": "HBM allocation, supply and pricing", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "HBM included within DRAM. Q2 DRAM/NAND shares73/27% are rounded presentation mix proxies; HBM KRW14trn allocation is not disclosed and stressed10–18trn. FY27 demand and ASP indexes reference annualizedQ2. Shared wafer capacity, node productivity, packaging and NAND constrain shipment demand. MU price-normalization rates, priors and terminal return conventions are shared; SK hynix volume, pricing levels, taxes and capex are separately underwritten."}, {"input": "Opening cash and non-operating investments", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash plus short-term financial instruments/investments less borrowings, current tax net of tax receivable, customer advances and claims. Long-term financial instruments added separately; long-term investments and associates receive scenario recovery haircuts, with an explicit KRW15trn realization-tax reserve at Base rather than adding investment gains to earnings. Reported deferred-tax liabilities are covered within that reserve, not deducted twice. Operating lease payments remain in operating costs; leases are not subtracted again as financial debt. Noncontrolling interests and subsidiary award reserve deducted."}, {"input": "H2 bridge and capital commitments", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "H2 revenue200trn,83%gross margin and14trn opex are research forecasts anchored to Q2 and Q3 bit-growth outlook. H2 PPE cash capex48trn minus reported H1 capex plus0.7trn intangibles. ScenarioH2 revenue factors vary. June61.485trn purchase commitments are scheduled within annual cash-capex floors, not deducted again as debt. No value assigned to unconfirmed Japan, packaging disposals or Solidigm fundraising."}, {"input": "Operating costs, assets and working capital", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash product costs allocated from reported Q2 COGS excluding estimated90%manufacturing D&A. Annual asset cohorts charge D&A once;7/20-year lives, land/CIP/equipment allocations and commissioning lags are assumptions. Other non-trade payables are not all treated as operating:8trn opening operating-accrual proxy, rest represented in cash capex and claim reserves. Tax25%, future margins and capital floors are forecasts, not reported results. Lease D&A is removed from the FCFF add-back using half of H1 ROU depreciation as a Q2 proxy; recurring lease expense remains in costs. H2 and later D&A are research asset-schedule estimates."}, {"input": "DCF, Monte Carlo and portfolio evidence", "classification": "Dilikoğlu Research estimate", "source": "q2", "treatment": "Five operating years plus five normalization years; terminal cash reinvestment NOPAT×growth/ROIC. Correlated cycle, execution, costs, capex, working capital, WACC, FX, HBM allocation, noncore recovery and award uncertainty. Judgment-based probabilities, no calibration to market. USD ADS short history must not be filled with Korean ordinary returns."}], "model_provenance": {"command": "node scripts/build_skhy.cjs", "input_sha256": "e325c12ce0476d5cf86b670374c1a90d08d03dade7ff451159d5c7477fa71e9f", "engine_sha256": "6926f2824be949319e86edf18c81af0a3b3dc5eeb9f1126703b7e634acdd4531", "shared_memory_engine_sha256": "4dc0416b3e8d8411bd8ea82af14af9d71471fa7045699c833a2ddc949d3e40a5"}, "evidence_review": {}}, "estimates": {"items": [{"path": "reported.revenue", "value": 79.318746, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.grossProfit", "value": 65.991356, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.opex", "value": 5.448748, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.da", "value": 4.02, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.cash", "value": 26.835986, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.shortFinancial", "value": 22.397559, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.shortInvestments", "value": 38.724378, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.longFinancial", "value": 7.101803, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.longInvestments", "value": 85.309524, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.associates", "value": 1.334773, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.debt", "value": 18.586634, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.taxPayables", "value": 31.958025, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.taxAssets", "value": 0.057472, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.deferredTaxLiabilities", "value": 7.836633, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.deferredTaxAssets", "value": 1.219366, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.contractLiabilities", "value": 0.523532, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.advanceReceipts", "value": 0.049582, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.tradeReceivables", "value": 47.821395, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.inventory", "value": 17.985706, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.tradePayables", "value": 3.043239, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.otherNonTradePayables", "value": 11.800979, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.ppe", "value": 88.889146, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.intangibles", "value": 4.283131, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.rouAssets", "value": 2.387896, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.leaseLiabilities", "value": 2.526505, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.noncontrolling", "value": 0.312618, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.employeeLiabilities", "value": 2.88193, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.ordinarySharesBn", "value": 0.7110755, "unit": "billion ordinary shares", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1Capex", "value": 18.328836, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.capitalCommitments", "value": 61.484533, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1Cfo", "value": 91.742501, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1InvestmentDividends", "value": 13.983648, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.q2InvestmentGains", "value": 63.27, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.remainingExchangeableShares", "value": 0, "unit": "count", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1RouDepreciation", "value": 0.207179, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.q3DramBitGrowth", "value": 0.1, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.q3NandBitGrowthLowSingle", "value": 0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.fy26CapexLow", "value": 47, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.fy26CapexHigh", "value": 49, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ordinaryPerAds", "value": 0.1, "unit": "ordinary shares per ADS", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.krwPerUsd", "value": 1388.0977312390926, "unit": "KRW/USD", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18", "source_date": "2026-09-18", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ordinaryReferenceKrw", "value": 1857000, "unit": "KRW per ordinary share", "classification": "Reported", "sourceUrl": "https://stockanalysis.com/quote/krx/000660/history/", "source_date": "2026-09-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoOrdinarySharesBn", "value": 0.01779, "unit": "billion ordinary shares", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoNetUsdBn", "value": 26.24955417, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoClosingFx", "value": 1504.9, "unit": "KRW/USD", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm", "source_date": "2026-07-15", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoOtherExpensesKrwT", "value": 0.05, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.buybackKrwT", "value": 40, "unit": "KRW trillion", "classification": "Management guidance-commentary", "sourceUrl": "https://news.skhynix.com/en/share-buyback-and-retirement/", "source_date": "2026-08-19", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.buybackPriceKrw", "value": 1857000, "unit": "KRW per ordinary share", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://news.skhynix.com/en/share-buyback-and-retirement/", "source_date": "2026-08-19", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.awardSharesBn", "value": 0.001, "unit": "billion ordinary shares", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.fxSigma", "value": 0.08, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmQ2KrwT", "value": 14, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.dramRevenueShare", "value": 0.73, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.nandRevenueShare", "value": 0.27, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.operatingAccrualKrwT", "value": 8, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.landKrwT", "value": 3, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.cipKrwT", "value": 25, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.equipmentNotInServiceKrwT", "value": 5, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.noncoreRecovery", "value": 0.8, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.investmentTaxReserveKrwT", "value": 15, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.subsidiaryAwardReserveKrwT", "value": 1, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2RevenueKrwT", "value": 200, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2GrossMargin", "value": 0.83, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2OpexKrwT", "value": 14, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2DaKrwT", "value": 9, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2CapexKrwT", "value": 30.371164, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2TaxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2DividendKrwT", "value": 1.2, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2ReceivableDays", "value": 55, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2InventoryDays", "value": 120, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2PayableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2OperatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.minimumLiquidityKrwT", "value": 10, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.annualDividendKrwT", "value": 2.5, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.transitionYears", "value": 5, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmCostPremium", "value": 1.8, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmPricePremium", "value": 5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmWaferTradeRatio", "value": 3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.equipmentLifeYears", "value": 7, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.buildingLifeYears", "value": 20, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.constructionShare", "value": 0.45, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.constructionLagYears", "value": 2, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.equipmentLagYears", "value": 1, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.openingInServiceShare", "value": 0.65, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.cashToAssetAdditionsFactor", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.q2DaInCogsShare", "value": 0.9, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Volume.0", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Volume.1", "value": 1.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Volume.2", "value": 1.02, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Asp.0", "value": 0.7, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Asp.1", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Asp.2", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.aspChangeAfter27.0", "value": -0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.aspChangeAfter27.1", "value": -0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.aspChangeAfter27.2", "value": -0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.opexRatio", "value": 0.085, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.26, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.normalizedNopatMultiple", "value": 10, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostFY27.0", "value": 1.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostFY27.1", "value": 1.35, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostFY27.2", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostGrowth.0", "value": 0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostGrowth.1", "value": 0.01, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostGrowth.2", "value": 0, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.waferCapacityFY27", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.waferCapacityGrowth", "value": 0.06, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nodeProductivityFY27", "value": 1.03, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nodeProductivityGrowth", "value": 0.03, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.packagingCapacityFY27", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.packagingCapacityGrowth", "value": 0.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nandCapacityFY27", "value": 1.02, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nandCapacityGrowth", "value": 0.08, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalProductMargins.0", "value": 0.3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalProductMargins.1", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalProductMargins.2", "value": 0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.receivableDays", "value": 75, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.inventoryDays", "value": 180, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.1", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.2", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.0", "value": 55, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.1", "value": 50, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.2", "value": 45, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.3", "value": 40, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.4", "value": 40, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.h2RevenueFactor", "value": 0.8, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.noncoreRecovery", "value": 0.4, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Volume.0", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Volume.1", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Volume.2", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Asp.0", "value": 0.9, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Asp.1", "value": 0.85, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Asp.2", "value": 0.85, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.aspChangeAfter27.0", "value": -0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.aspChangeAfter27.1", "value": -0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.aspChangeAfter27.2", "value": -0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.opexRatio", "value": 0.075, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.22, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.13, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.normalizedNopatMultiple", "value": 12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostFY27.0", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostFY27.1", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostFY27.2", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostGrowth.0", "value": 0.01, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostGrowth.1", "value": -0.01, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostGrowth.2", "value": -0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.waferCapacityFY27", "value": 1.18, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.waferCapacityGrowth", "value": 0.08, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nodeProductivityFY27", "value": 1.06, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nodeProductivityGrowth", "value": 0.04, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.packagingCapacityFY27", "value": 1.4, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.packagingCapacityGrowth", "value": 0.18, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nandCapacityFY27", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nandCapacityGrowth", "value": 0.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalProductMargins.0", "value": 0.4, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalProductMargins.1", "value": 0.3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalProductMargins.2", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.receivableDays", "value": 65, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.inventoryDays", "value": 150, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.1", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.2", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.0", "value": 60, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.1", "value": 60, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.2", "value": 55, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.3", "value": 50, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.4", "value": 50, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.h2RevenueFactor", "value": 0.9, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.noncoreRecovery", "value": 0.65, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Volume.0", "value": 1.6, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Volume.1", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Volume.2", "value": 1.2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Asp.0", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Asp.1", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Asp.2", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.aspChangeAfter27.0", "value": -0.06, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.aspChangeAfter27.1", "value": -0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.aspChangeAfter27.2", "value": -0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.opexRatio", "value": 0.07, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.16, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.normalizedNopatMultiple", "value": 14, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostFY27.0", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostFY27.1", "value": 1.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostFY27.2", "value": 1.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostGrowth.0", "value": 0, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostGrowth.1", "value": -0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostGrowth.2", "value": -0.04, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.waferCapacityFY27", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.waferCapacityGrowth", "value": 0.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nodeProductivityFY27", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nodeProductivityGrowth", "value": 0.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.packagingCapacityFY27", "value": 1.7, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.packagingCapacityGrowth", "value": 0.22, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nandCapacityFY27", "value": 1.2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nandCapacityGrowth", "value": 0.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalProductMargins.0", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalProductMargins.1", "value": 0.4, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalProductMargins.2", "value": 0.35, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.receivableDays", "value": 55, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.inventoryDays", "value": 120, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.1", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.2", "value": 0.75, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.0", "value": 70, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.1", "value": 80, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.2", "value": 85, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.3", "value": 85, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.4", "value": 80, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.h2RevenueFactor", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.noncoreRecovery", "value": 0.8, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Volume.0", "value": 1.9, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Volume.1", "value": 1.35, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Volume.2", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Asp.0", "value": 1.2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Asp.1", "value": 1.4, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Asp.2", "value": 1.4, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.aspChangeAfter27.0", "value": -0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.aspChangeAfter27.1", "value": -0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.aspChangeAfter27.2", "value": -0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.opexRatio", "value": 0.065, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.normalizedNopatMultiple", "value": 16, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostFY27.0", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostFY27.1", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostFY27.2", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostGrowth.0", "value": -0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostGrowth.1", "value": -0.04, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostGrowth.2", "value": -0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.waferCapacityFY27", "value": 1.35, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.waferCapacityGrowth", "value": 0.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nodeProductivityFY27", "value": 1.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nodeProductivityGrowth", "value": 0.06, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.packagingCapacityFY27", "value": 2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.packagingCapacityGrowth", "value": 0.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nandCapacityFY27", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nandCapacityGrowth", "value": 0.14, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalProductMargins.0", "value": 0.6, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalProductMargins.1", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalProductMargins.2", "value": 0.45, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.receivableDays", "value": 50, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.inventoryDays", "value": 100, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.1", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.2", "value": 0.75, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.0", "value": 85, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.1", "value": 100, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.2", "value": 110, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.3", "value": 115, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.4", "value": 110, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.h2RevenueFactor", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.noncoreRecovery", "value": 1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.draws", "value": 20000, "unit": "count", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.seed", "value": 20260921, "unit": "count", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmAspSigma", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.otherAspSigma", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmVolumeSigma", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.capexCostSigma", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.capexExecutionSigma", "value": 0.04, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.waccCycleShock", "value": 0.006, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.waccIdiosyncraticShock", "value": 0.003, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.cycleExecutionCorrelation", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.normalClip", "value": 3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.unitCostSigma", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.terminalMarginSigma", "value": 0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.workingCapitalDaysSigma", "value": 5, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmAllocationRangeKrwT.0", "value": 10, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmAllocationRangeKrwT.1", "value": 18, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.awardShareRangeM.0", "value": 0.5, "unit": "million ordinary shares", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.awardShareRangeM.1", "value": 2, "unit": "million ordinary shares", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.noncoreRecoverySigma", "value": 0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.fxCycleCorrelation", "value": -0.3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.noncoreCycleCorrelation", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.h2CycleSigma", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "referencePrice", "value": 187.5, "unit": "USD per ADS", "classification": "Reported", "sourceUrl": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical", "source_date": "2026-09-18", "note": "Frozen regular-session close; not a live quote.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "June consolidated balances and income", "classification": "Reported", "source": "h1", "treatment": "June 30 consolidated statements, not parent-only accounts. KRW millions converted to trillions. Q2 D&A rounded from the earnings deck. Investment gains and dividends are excluded from forecast operating FCFF. Exchangeable bonds fully exercised by June; weighted-average EPS dilution is not a remaining convert claim."}, {"input": "Listing, FX and July offering", "classification": "Reported", "source": "ipo", "treatment": "One ADS represents 0.1 ordinary share. June outstanding ordinary shares plus 17.79m newly issued shares. Net offering proceeds before other expenses translated at the July 14 closing FX. September 18 ECB-derived KRW/USD is a dated translation convention, not a live quote. Forecast FX and IPO other costs are estimates."}, {"input": "Buyback and share awards", "classification": "Dilikoğlu Research estimate", "source": "buyback", "treatment": "Assume full KRW40trn authorized buyback completes by opening 2027 at September 18 Korean ordinary close. Deduct the cash and the corresponding ordinary shares together. This is an estimated completion bridge, not a claim of purchases already executed. Add 1m ordinary award-equivalent claims, stress 0.5–2m. Cash costs retain future SBC; no perpetual buyback benefit."}, {"input": "Q3 volumes and FY26 investment", "classification": "Management guidance-commentary", "source": "deck", "treatment": "Q3 DRAM approximately 10% sequential bit growth, NAND low-single-digit growth. Model3% NAND midpoint and KRW47–49trn interpretation of high-40trn capex are DR arithmetic. No annual2027 revenue or margin guidance is claimed."}, {"input": "HBM allocation, supply and pricing", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "HBM included within DRAM. Q2 DRAM/NAND shares73/27% are rounded presentation mix proxies; HBM KRW14trn allocation is not disclosed and stressed10–18trn. FY27 demand and ASP indexes reference annualizedQ2. Shared wafer capacity, node productivity, packaging and NAND constrain shipment demand. MU price-normalization rates, priors and terminal return conventions are shared; SK hynix volume, pricing levels, taxes and capex are separately underwritten."}, {"input": "Opening cash and non-operating investments", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash plus short-term financial instruments/investments less borrowings, current tax net of tax receivable, customer advances and claims. Long-term financial instruments added separately; long-term investments and associates receive scenario recovery haircuts, with an explicit KRW15trn realization-tax reserve at Base rather than adding investment gains to earnings. Reported deferred-tax liabilities are covered within that reserve, not deducted twice. Operating lease payments remain in operating costs; leases are not subtracted again as financial debt. Noncontrolling interests and subsidiary award reserve deducted."}, {"input": "H2 bridge and capital commitments", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "H2 revenue200trn,83%gross margin and14trn opex are research forecasts anchored to Q2 and Q3 bit-growth outlook. H2 PPE cash capex48trn minus reported H1 capex plus0.7trn intangibles. ScenarioH2 revenue factors vary. June61.485trn purchase commitments are scheduled within annual cash-capex floors, not deducted again as debt. No value assigned to unconfirmed Japan, packaging disposals or Solidigm fundraising."}, {"input": "Operating costs, assets and working capital", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash product costs allocated from reported Q2 COGS excluding estimated90%manufacturing D&A. Annual asset cohorts charge D&A once;7/20-year lives, land/CIP/equipment allocations and commissioning lags are assumptions. Other non-trade payables are not all treated as operating:8trn opening operating-accrual proxy, rest represented in cash capex and claim reserves. Tax25%, future margins and capital floors are forecasts, not reported results. Lease D&A is removed from the FCFF add-back using half of H1 ROU depreciation as a Q2 proxy; recurring lease expense remains in costs. H2 and later D&A are research asset-schedule estimates."}, {"input": "DCF, Monte Carlo and portfolio evidence", "classification": "Dilikoğlu Research estimate", "source": "q2", "treatment": "Five operating years plus five normalization years; terminal cash reinvestment NOPAT×growth/ROIC. Correlated cycle, execution, costs, capex, working capital, WACC, FX, HBM allocation, noncore recovery and award uncertainty. Judgment-based probabilities, no calibration to market. USD ADS short history must not be filled with Korean ordinary returns."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/SKHY"}, "model_note": "DR estimates; opening 2027 valuation in USD per ADS. Each ADS represents 0.1 Korean ordinary share. Frozen September 18 reference; source assumptions and market-gap review disclosed.", "limitations": ["Value is estimated opening 2027 USD per ADS; compare with the dated September 18 market reference, not a same-date quoted target.", "The ADS and Korean ordinary trade at different prices; no lasting ADS premium is added to fundamental value. Closing times differ.", "Product revenue split, HBM allocation, physical capacity indexes, asset commissioning and operating accrual allocation are DR estimates.", "Buyback completion price, future awards and noncore realization taxes are estimated; exact September cash and treasury shares await Q3 reporting.", "FX sensitivity translates a KRW forecast; it is not a complete product invoicing and currency-hedging model.", "Annual net-cash reserve stress is not a complete balance sheet or intraday financing forecast.", "Nasdaq listing began July 10; one-year ADS performance and long-lookback momentum are unavailable."], "links": {"coverage": "https://dilikogluresearch.com/coverage/skhy", "model": "https://dilikogluresearch.com/skhy_model", "native_model": "https://dilikogluresearch.com/api/model/SKHY", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=SKHY"}, "model_version": "189a3194c9ddfd5eeaa1ebda41d212dbb31783e0e9c1fa8cdf00c2390100a059"}}, {"id": "d4f9781ddc447e5c93dcd5e94ee28fa359553f698ea4be9d6242eb78f0ccfe0a", "ticker": "CRWV", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "8c74e2fe1470fcccdf6821108f3ba4f76637a6328b800467ec62b9192df8eb3f", "research_version": "781a86e05d3080bb347b2957b5b86321f4c921e9c8e3b4ced30057349e0e4e7e", "changes": [{"field": "publication_status", "old_value": "legacy_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [], "public_evidence": [{"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Reports-Strong-Second-Quarter-2026-Results/default.aspx", "title": "Q2 2026 results / backlog / power", "date": "2026-08-11", "category": "Company Materials", "supports": "Q2 2026 results / backlog / power", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-12", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/overview/default.aspx", "title": "Q3/FY26 outlook", "date": "2026-08-11", "category": "Company Materials", "supports": "Q3/FY26 outlook", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-Landmark-8-5-Billion-Financing-Facility-Achieving-First-Investment-Grade-Rated-GPU-backed-Financing/default.aspx", "title": "DDTL 4.0 financing", "date": "2026-03-31", "category": "Financing / Counterparty Sources", "supports": "DDTL 4.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/ex9912.htm", "title": "DDTL 5.0 financing", "date": "2026-05-18", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-2-6-Billion-Loan-Facility-Expanding-Financing-Flexibility-for-AI-Infrastructure/default.aspx", "title": "DDTL 5.5 financing", "date": "2026-08-10", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.5 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000164/crwv-20260409.htm", "title": "2032 convert", "date": "2026-04-14", "category": "Financing / Counterparty Sources", "supports": "2032 convert", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000105/crwv-20251208.htm", "title": "2031 convert", "date": "2025-12-11", "category": "Financing / Counterparty Sources", "supports": "2031 convert", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "cd96ce1528e777fafd6033bc83adef8fe816702d31bf5b5c4f0fdb475b234c7c"}}, "new_value": {"model_sources": [], "public_evidence": [{"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Reports-Strong-Second-Quarter-2026-Results/default.aspx", "title": "Q2 2026 results / backlog / power", "date": "2026-08-11", "category": "Company Materials", "supports": "Q2 2026 results / backlog / power", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-12", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/overview/default.aspx", "title": "Q3/FY26 outlook", "date": "2026-08-11", "category": "Company Materials", "supports": "Q3/FY26 outlook", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-Landmark-8-5-Billion-Financing-Facility-Achieving-First-Investment-Grade-Rated-GPU-backed-Financing/default.aspx", "title": "DDTL 4.0 financing", "date": "2026-03-31", "category": "Financing / Counterparty Sources", "supports": "DDTL 4.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/ex9912.htm", "title": "DDTL 5.0 financing", "date": "2026-05-18", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-2-6-Billion-Loan-Facility-Expanding-Financing-Flexibility-for-AI-Infrastructure/default.aspx", "title": "DDTL 5.5 financing", "date": "2026-08-10", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.5 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000164/crwv-20260409.htm", "title": "2032 convert", "date": "2026-04-14", "category": "Financing / Counterparty Sources", "supports": "2032 convert", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000105/crwv-20251208.htm", "title": "2031 convert", "date": "2025-12-11", "category": "Financing / Counterparty Sources", "supports": "2031 convert", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "cd96ce1528e777fafd6033bc83adef8fe816702d31bf5b5c4f0fdb475b234c7c"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "CRWV", "company": "CoreWeave", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 89.36, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 119.38021927349604, "probability_weighted": 102.80918131345923, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 28.966920806505925, "probability": 0.3}, "base": {"fair_value": 119.38021927349604, "probability": 0.45}, "bull": {"fair_value": 269.3200426562282, "probability": 0.15}}, "monte_carlo_median": 84.1903694252234, "method": "EV/ARR less standard net debt"}, "thesis": {"pillars": ["Backlog provides demand evidence, while delivery timing determines how much becomes recognized revenue and operating cash.", "GPU-cloud scale must be assessed against debt, leases and fixed commitments rather than revenue growth alone.", "Project financing and refinancing capacity determine how much enterprise value reaches common equity."], "variant": "Strong contracted demand and common-equity attractiveness are separate questions. The valuation must carry the credit, fixed-charge and dilution burden alongside the operating growth case.", "risks": ["Customer concentration creates counterparty and renewal exposure.", "Debt maturities and lease commitments constrain financial flexibility.", "Delivery delays and additional equity compensation can erode per-share value."], "summary": "CoreWeave’s contracted demand supports a substantial growth opportunity. The investment case depends on converting backlog into cash while carrying debt, leases and refinancing needs that reduce the value available to common shareholders."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Reports-Strong-Second-Quarter-2026-Results/default.aspx", "title": "Q2 2026 results / backlog / power", "date": "2026-08-11", "category": "Company Materials", "supports": "Q2 2026 results / backlog / power", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-12", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/overview/default.aspx", "title": "Q3/FY26 outlook", "date": "2026-08-11", "category": "Company Materials", "supports": "Q3/FY26 outlook", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-Landmark-8-5-Billion-Financing-Facility-Achieving-First-Investment-Grade-Rated-GPU-backed-Financing/default.aspx", "title": "DDTL 4.0 financing", "date": "2026-03-31", "category": "Financing / Counterparty Sources", "supports": "DDTL 4.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/ex9912.htm", "title": "DDTL 5.0 financing", "date": "2026-05-18", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-2-6-Billion-Loan-Facility-Expanding-Financing-Flexibility-for-AI-Infrastructure/default.aspx", "title": "DDTL 5.5 financing", "date": "2026-08-10", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.5 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000164/crwv-20260409.htm", "title": "2032 convert", "date": "2026-04-14", "category": "Financing / Counterparty Sources", "supports": "2032 convert", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000105/crwv-20251208.htm", "title": "2031 convert", "date": "2025-12-11", "category": "Financing / Counterparty Sources", "supports": "2031 convert", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "cd96ce1528e777fafd6033bc83adef8fe816702d31bf5b5c4f0fdb475b234c7c"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/CRWV"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/crwv", "model": "https://dilikogluresearch.com/crwv_model", "native_model": "https://dilikogluresearch.com/api/model/CRWV", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=CRWV"}, "model_version": "8c74e2fe1470fcccdf6821108f3ba4f76637a6328b800467ec62b9192df8eb3f"}}, {"id": "e2d2aa026dad4f3118f4585c952e05bc0b6cb2f64f9d3bdd49918ee49bee2cde", "ticker": "AVGO", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-21", "model_version": "e05cf422d8f055f4c2b67445311a0346ed177be95718422d96c6c8ad1cf91cf0", "research_version": "639c7e16247e4220639dd518429ceae13c5d4e7e2ec7656aad0188a317cea5b2", "changes": [{"field": "publication_status", "old_value": "reviewed_baseline", "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "d67738426f4b33cf512e7e3bc894c02dc4785bde5f78bf9ad4e0680e6368c13b", "engine_sha256": "927c4cc0a232cf0168d5cf4f7ecab4757c194b988059ec52e9628f07236db3be"}}, "new_value": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "d67738426f4b33cf512e7e3bc894c02dc4785bde5f78bf9ad4e0680e6368c13b", "engine_sha256": "927c4cc0a232cf0168d5cf4f7ecab4757c194b988059ec52e9628f07236db3be"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "AVGO", "company": "Broadcom Inc.", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-08-02", "valuation_horizon": null, "reference_price": {"value": 357.61, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 510.9293792108671, "probability_weighted": 489.3836220475514, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 163.0636584197142, "probability": 0.25}, "base": {"fair_value": 510.9293792108671, "probability": 0.45}, "bull": {"fair_value": 1093.4974339886635, "probability": 0.2}}, "monte_carlo_median": 423.1075307173081, "method": "Q4 FY2026–FY2035 FCFF DCF; AMD discount conventions; exit EV/EBIT cross-check"}, "thesis": {"summary": "Broadcom research tests AI silicon growth and infrastructure software cash generation against customer concentration, procurement commitments and financing support.", "pillars": ["AI and non-AI semiconductors reconcile with infrastructure software.", "Base follows near-term guidance and management multi-year AI outlook.", "Contract balances, stock compensation and customer support determine economic cash returns."], "risks": ["Power-site readiness and customer spending may delay deployment.", "Customer notes and backstop commitments can absorb cash.", "Long-term growth and terminal margins account for much of intrinsic value."], "variant": "Custom silicon demand is valuable only when delivery and collections translate into sustainable cash returns."}, "governance": [{"signal": "AI revenue realization", "trigger": "FY2027 / FY2028 below $115bn / $230bn outlook", "action": "Reassess deployment, customer funding and growth duration."}, {"signal": "Cash conversion", "trigger": "Persistent cash FCF margin below 40% despite sales growth", "action": "Audit collections, contract assets, procurement and customer support."}, {"signal": "Customer support", "trigger": "Backstop called, material note draw or customer default", "action": "Update liquidity timing and expected recovery before revising valuation."}, {"signal": "Operating durability", "trigger": "Economic margin trends below scenario assumptions", "action": "Review product mix, R&D and SBC; do not offset with a higher multiple."}], "sources": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "d67738426f4b33cf512e7e3bc894c02dc4785bde5f78bf9ad4e0680e6368c13b", "engine_sha256": "927c4cc0a232cf0168d5cf4f7ecab4757c194b988059ec52e9628f07236db3be"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.q3Revenue", "value": 29.591, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Semiconductor", "value": 20.839, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Software", "value": 8.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ai", "value": 16.7, "classification": "Reported", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.0", "value": 12.77, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.1", "value": 7.325, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.0", "value": 6.892, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.1", "value": 0.508, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Sbc", "value": 2.019, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Amortization", "value": 2.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Restructuring", "value": 0.115, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ebit", "value": 15.955, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3NonGaapEbit", "value": 20.095, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdRevenue", "value": 71.089, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCfo", "value": 32.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCapex", "value": 1.013, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdDepreciation", "value": 0.484, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdSbc", "value": 6.287, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.cash", "value": 23.975, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.receivables", "value": 13.707, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.inventory", "value": 4.523, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payables", "value": 4, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractAssets", "value": 11.901, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.currentContractAssets", "value": 7.187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.prepaidExpenses", "value": 1.963, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherCurrentAssets", "value": 0.818, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractLiabilities", "value": 13.124, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payroll", "value": 1.506, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherAccruals", "value": 0.986, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.taxPayable", "value": 1.971, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.interestPayable", "value": 0.622, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.uncertainTaxBenefits", "value": 1.755, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.globalMinimumTaxPayable", "value": 2.186, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ppe", "value": 3.144, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtPrincipal", "value": 61.079, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtCarrying", "value": 59.419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ordinaryShares", "value": 4.774, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.subsequentOrdinaryShares", "value": 4.773629865, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rsus", "value": 0.165, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.unrecognizedSbc", "value": 18.221, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.0", "value": 2.029, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.1", "value": 7.265, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.2", "value": 5.178, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.3", "value": 2.927, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.4", "value": 0.822, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 2.008, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 6.98, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 5.833, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 4.686, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 3.479, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 3.339, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.0", "value": 1.11, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.1", "value": 52.674, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.2", "value": 72.952, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.3", "value": 0.085, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.0", "value": 0.313, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.1", "value": 0.758, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.2", "value": 0.778, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.3", "value": 0.904, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.4", "value": 0.303, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.5", "value": 0.885, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.0", "value": 2.252, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.1", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.2", "value": 5.127, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.3", "value": 2.405, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.4", "value": 6.406, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.5", "value": 44.889, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.revolverCapacity", "value": 7.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.backstopMaximum", "value": 29, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.conditionalCustomerNotesMaximum", "value": 42, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpo", "value": 179.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpoNext12MonthFraction", "value": 0.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdFactoredReceivables", "value": 3.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermAssets", "value": 8.705, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermLiabilities", "value": 3.543, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Revenue", "value": 34.8, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Ai", "value": 21.7, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Software", "value": 8.7, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonAiRounded", "value": 4.3, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Semiconductor", "value": 26.1, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonGaapOperatingMargin", "value": 0.66, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4GrossMargin", "value": 0.73, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4TaxRate", "value": 0.16, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Capex", "value": 1.4, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4DilutedShares", "value": 4.94, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY27", "value": 115, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY28", "value": 230, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.fy28EpsFloor", "value": 30, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.reserve", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.otherCurrentAssetOperatingFraction", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.awardPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.revolverExpiryTime", "value": 3.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopPaymentTime", "value": 2.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanPaymentTime", "value": 1.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanRecoveryTime", "value": 5.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.componentShareOfSemiCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractAssetSoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractLiabilitySoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4GuidanceFactor", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.0", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.1", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.0", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.nonAiGrowth", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareGrowth", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4MarginAdjustment", "value": -0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareMargin", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.semiFY30Margin", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalEconomicMargin", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.085, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.contractAssetFactor", "value": 1.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.deferredFactor", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.backstopLossFraction", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanDrawFraction", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanRecovery", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.uncertainTaxSettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverAvailability", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4GuidanceFactor", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.0", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.1", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.1", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.nonAiGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4MarginAdjustment", "value": -0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareMargin", "value": 0.78, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.semiFY30Margin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalEconomicMargin", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.contractAssetFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.deferredFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.backstopLossFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanDrawFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanRecovery", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.uncertainTaxSettlement", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverAvailability", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.0", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.1", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.1", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.nonAiGrowth", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareGrowth", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4MarginAdjustment", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareMargin", "value": 0.84, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.semiFY30Margin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalEconomicMargin", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.068, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.contractAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.deferredFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.backstopLossFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanDrawFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanRecovery", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.uncertainTaxSettlement", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverRate", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4GuidanceFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.1", "value": 1.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.nonAiGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareGrowth", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4MarginAdjustment", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareMargin", "value": 0.86, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.semiFY30Margin", "value": 0.62, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalEconomicMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 40, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.contractAssetFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.deferredFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.backstopLossFraction", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanDrawFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.uncertainTaxSettlement", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopOverlapFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.residualLongTermLiabilitySettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.seed", "value": 20260920, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.growthSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.marginSigma", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.backstopSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.contractSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.recoverySigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.fundingSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.time", "value": 4.457534246575342, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.time", "value": 6.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.coupon", "value": 0.0495, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.time", "value": 9.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.coupon", "value": 0.057, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.time", "value": 29.473972602739725, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.coupon", "value": 0.042, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.time", "value": 4.205479452054795, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.time", "value": 9.545205479452054, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.principal", "value": 0.698, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.time", "value": 11.547945205479452, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.time", "value": 3.9534246575342467, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.time", "value": 5.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.principal", "value": 2.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.time", "value": 8.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.time", "value": 1.704109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.principal", "value": 0.8, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.coupon", "value": 0.0505, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.coupon", "value": 0.0435, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.time", "value": 3.5424657534246577, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.principal", "value": 0.875, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.coupon", "value": 0.0455, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.time", "value": 5.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.time", "value": 8.208219178082192, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.coupon", "value": 0.0515, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.time", "value": 5.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.coupon", "value": 0.04, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.principal", "value": 1.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.principal", "value": 0.654, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.coupon", "value": 0.04926, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.time", "value": 10.791780821917808, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.coupon", "value": 0.03137, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.time", "value": 9.293150684931506, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.coupon", "value": 0.03187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.time", "value": 10.295890410958904, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.coupon", "value": 0.03419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.time", "value": 6.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.coupon", "value": 0.03469, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.time", "value": 7.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.coupon", "value": 0.0195, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.time", "value": 1.5397260273972602, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.coupon", "value": 0.0245, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.time", "value": 4.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.coupon", "value": 0.026, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.time", "value": 6.545205479452055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.principal", "value": 3, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.time", "value": 14.550684931506849, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.coupon", "value": 0.0375, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.time", "value": 24.556164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.principal", "value": 0.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.coupon", "value": 0.03459, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.time", "value": 0.12054794520547946, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.principal", "value": 0.606, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.coupon", "value": 0.05, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.principal", "value": 1.856, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.time", "value": 4.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.principal", "value": 2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.time", "value": 6.293150684931507, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.principal", "value": 1.655, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.coupon", "value": 0.0475, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.principal", "value": 0.777, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.time", "value": 1.4547945205479451, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.coupon", "value": 0.014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.time", "value": 0.03561643835616438, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.coupon", "value": 0.018, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.time", "value": 2.0383561643835617, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.coupon", "value": 0.047, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.time", "value": 3.786301369863014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.coupon", "value": 0.022, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.time", "value": 5.038356164383561, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.principal", "value": 0.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.coupon", "value": 0.045, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.time", "value": 8.04109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.coupon", "value": 0.0454, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.coupon", "value": 0.04489, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "referencePrice", "value": 357.61, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/avgo/history/", "note": "September 18 regular close, cross-checked with FinanceCharts. Not a live quote.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AVGO"}, "model_note": "DR scenario baseline using August 2 financials and September management outlook. Valuation date August 2; frozen September 18 price comparison. Future operating and financing values are estimates. No recommendation assigned.", "limitations": ["Multi-year AI outlook and EPS commentary are corroborated across the Q3 call transcripts and September 8 conference transcript. The underlying webcast was not independently transcribed; these remain management commentary reported by third-party transcripts, not contracted orders.", "Call transcript contains inconsistent semiconductor gross-margin wording versus segment tables. Filing-based segment costs and operating profit take precedence.", "Q4 rounded AI/non-AI/software outlook sums to $34.7bn; use $26.1bn semiconductor less $21.7bn AI = $4.4bn non-AI to reconcile $34.8bn total. $0.1bn is a DR rounding bridge.", "The $29bn disclosed maximum backstop exposure already reflects contractual structure; do not multiply it by 85% again. $42bn conditional customer notes are not Broadcom debt or an existing receivable. Exposure overlap must be stressed without duplicate loss recognition.", "Valuation starts August 2 like the peer quarter-end framework; September 18 price is a dated comparison, not a September balance sheet. August subsequent debt repayment belongs in the Q4 cash schedule.", "Contract assets and deferred revenue must include both current and long-term balances. RPO is not added to sales or counted as cash.", "Post-FY2028 growth, margins, working capital, loan utilization and recovery are DR estimates. No automatic acquisition, buyback or share-price uplift.", "No contractual loss offset between customer notes and the backstop is assumed. Both cash exposures are modeled; a full-overlap sensitivity shows the alternative. Cash-flow conversion is compared with management commentary before treating future SBC as an economic cost; cash FCF is not the same as valuation FCFF.", "Residual long-term assets beyond contract assets receive no separate equity uplift because their recoverable non-operating value is not established. Residual other long-term liabilities beyond global minimum tax are conservatively reserved in full; the zero-reserve alternative is sensitized. Deferred taxes are represented through normalized cash taxes, not a second balance-sheet claim.", "Quarterly opening period is approximated as 0.25 years; annual liquidity steps can miss intraperiod cash troughs. Revolver capacity expires without assumed renewal. Future discretionary dividends and buybacks are omitted; only the declared dividend is in the cash schedule.", "Quarterly gross margin guidance anchors the semiconductor cost ratio after holding software cost ratio at its reported level. Later gross-cost ratios are DR estimates held constant while operating margins normalize.", "Customer notes may be issued in kind or for cash under conditions not fully disclosed. The model treats the selected utilization as a cash advance as a conservative DR estimate; zero and full-cash-draw sensitivities bound this uncertainty."], "links": {"coverage": "https://dilikogluresearch.com/coverage/avgo", "model": "https://dilikogluresearch.com/avgo_model", "native_model": "https://dilikogluresearch.com/api/model/AVGO", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AVGO"}, "model_version": "e05cf422d8f055f4c2b67445311a0346ed177be95718422d96c6c8ad1cf91cf0"}}, {"id": "e39a6e31eb3f1e15fefffb08fcfb90fbffd933936179d142cbf705c2bc0678db", "ticker": "WULF", "recorded_at": "2026-09-24T13:22:42+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "02df12494187a3d06d7937076255e84b2f4c9785918400380eb1522c9db1668e", "research_version": "1829f203913c854db6f0c2c286ff67d6a1138e58c3ec71f32bba264e3c8e78aa", "changes": [{"field": "publication_status", "old_value": 1, "new_value": "model_available_research_in_progress"}, {"field": "sources", "old_value": {"model_sources": [], "public_evidence": [{"url": "https://investors.terawulf.com/news-events/press-releases/detail/144/terawulf-reports-second-quarter-2026-results", "title": "Q2 2026 results", "date": "2026-08-05", "category": "Company Materials", "supports": "Operating results and development updates", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/wulf-20260805.htm", "title": "August 5, 2026 Form 8-K", "date": "2026-08-05", "category": "Company Filings", "supports": "Earnings release and presentation filing", "source_type": "Primary company filing"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/terawulfq22026investorpr.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-05", "category": "Company Materials", "supports": "Capacity and capital structure disclosures", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "a17056218ad91e1c5ca117c67184e4088fddfff742e2eebb50a432f3e60b081e"}}, "new_value": {"model_sources": [], "public_evidence": [{"url": "https://investors.terawulf.com/news-events/press-releases/detail/144/terawulf-reports-second-quarter-2026-results", "title": "Q2 2026 results", "date": "2026-08-05", "category": "Company Materials", "supports": "Operating results and development updates", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/wulf-20260805.htm", "title": "August 5, 2026 Form 8-K", "date": "2026-08-05", "category": "Company Filings", "supports": "Earnings release and presentation filing", "source_type": "Primary company filing"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/terawulfq22026investorpr.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-05", "category": "Company Materials", "supports": "Capacity and capital structure disclosures", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "a17056218ad91e1c5ca117c67184e4088fddfff742e2eebb50a432f3e60b081e"}, "evidence_review": {}}}], "snapshot": {"schema_version": "1.0", "ticker": "WULF", "company": "TeraWulf", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 16.51, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 17.477276923169384, "probability_weighted": 15.887947072563517, "scenarios": {"failure": {"fair_value": 0.27224698983195683, "probability": 0.1}, "bear": {"fair_value": 5.943117406925177, "probability": 0.25}, "base": {"fair_value": 17.477276923169384, "probability": 0.45}, "bull": {"fair_value": 32.55084203211402, "probability": 0.2}}, "monte_carlo_median": 14.91482992826007, "method": "Project NAV + risked powered-land option"}, "thesis": {"pillars": ["Signed AI-infrastructure leases support asset-level value independently of the remaining Bitcoin-mining bridge.", "Future development value depends on site-specific readiness and financing, rather than a single haircut applied to all power.", "Google warrants, converts, existing awards and future funding determine how much asset value belongs to common shareholders."], "variant": "Large asset-level development spreads do not pass through one-for-one to each common share. The underwriting separates project cash from HoldCo cash and recognizes the substantial dilution and compensation burden.", "risks": ["Construction and financing delays can postpone lease cash flow.", "Warrants, convertible exposure and equity compensation absorb upside.", "Project reserves and remaining funding commitments limit deployable corporate liquidity."], "summary": "TeraWulf’s signed infrastructure leases underpin its asset value. Construction execution and financing must translate that value into common-share returns after warrants, converts, compensation and remaining capital commitments."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://investors.terawulf.com/news-events/press-releases/detail/144/terawulf-reports-second-quarter-2026-results", "title": "Q2 2026 results", "date": "2026-08-05", "category": "Company Materials", "supports": "Operating results and development updates", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/wulf-20260805.htm", "title": "August 5, 2026 Form 8-K", "date": "2026-08-05", "category": "Company Filings", "supports": "Earnings release and presentation filing", "source_type": "Primary company filing"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/terawulfq22026investorpr.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-05", "category": "Company Materials", "supports": "Capacity and capital structure disclosures", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "a17056218ad91e1c5ca117c67184e4088fddfff742e2eebb50a432f3e60b081e"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/WULF"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/wulf", "model": "https://dilikogluresearch.com/wulf_model", "native_model": "https://dilikogluresearch.com/api/model/WULF", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=WULF"}, "model_version": "02df12494187a3d06d7937076255e84b2f4c9785918400380eb1522c9db1668e"}}, {"id": "0638df5735a643b04af2ed0b0ccabe400b8723121c5861c4c89525d71df832fc", "ticker": "LITE", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-21", "model_version": "ad981bdb0682ca1be5332b3282f562add1d9276d6d39afb48779e4f4ec6b699c", "research_version": "4e144067dd55f2f6dac4e0114299bbb0d29f191a12482ab6c16afed7bc685277", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 987.5749563244412, "probability_weighted": 960.7192634481452, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 269.808542530341, "probability": 0.25}, "base": {"fair_value": 987.5749563244412, "probability": 0.45}, "bull": {"fair_value": 2244.2919873478068, "probability": 0.2}}, "monte_carlo_median": 758.7994577223178, "method": "FY2027–36 FCFF plus discounted exit EV/EBIT; perpetuity cross-check"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 987.5749563244412, "probability_weighted": 960.7192634481452, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 269.808542530341, "probability": 0.25}, "base": {"fair_value": 987.5749563244412, "probability": 0.45}, "bull": {"fair_value": 2244.2919873478068, "probability": 0.2}}, "monte_carlo_median": 758.7994577223178, "method": "FY2027–36 FCFF plus discounted exit EV/EBIT; perpetuity cross-check"}}], "snapshot": {"schema_version": "1.0", "ticker": "LITE", "company": "Lumentum Holdings Inc.", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-06-27", "valuation_horizon": null, "reference_price": {"value": 930.91, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 987.5749563244412, "probability_weighted": 960.7192634481452, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 269.808542530341, "probability": 0.25}, "base": {"fair_value": 987.5749563244412, "probability": 0.45}, "bull": {"fair_value": 2244.2919873478068, "probability": 0.2}}, "monte_carlo_median": 758.7994577223178, "method": "FY2027–36 FCFF plus discounted exit EV/EBIT; perpetuity cross-check"}, "thesis": {"summary": "Lumentum research connects management’s optics outlook to manufacturing capacity, cash returns and per-share value.", "pillars": ["Q1 guidance anchors the first forecast quarter.", "September FY2028 EPS commentary informs a disclosed revenue bridge.", "Cash principal, convert premiums and capped calls are valued separately."], "risks": ["Qualification and capacity ramps can lag customer demand.", "Customer concentration and expensive expansion can weaken cash conversion.", "Long-run margins and terminal multiples dominate value."], "variant": "Optical growth creates shareholder value only when delivery, margins and collections support the capital required."}, "governance": [{"signal": "FY2028 earnings outlook", "trigger": "Management withdraws $40 objective or sustained guidance shortfalls", "action": "Rebuild the revenue/margin bridge; reduce realization."}, {"signal": "Capacity and qualification", "trigger": "OCS, 1.6T, CPO/NPO production slips by two quarters", "action": "Delay capacity and associated revenue together."}, {"signal": "Cash conversion", "trigger": "AR >90 days, inventory >180 days or capex >20% above plan", "action": "Stress cash, revolver availability and conversion settlement."}, {"signal": "Customer concentration", "trigger": "Material cancellation or default at a major customer", "action": "Reduce orders and collections without assigning partnership uplift."}, {"signal": "Equity claims", "trigger": "New debt exchange, capped-call termination or significant award issuance", "action": "Reconcile cash, principal and shares on one date."}], "sources": {"model_sources": [{"id": "10k", "date": "2026-08-17", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm"}, {"id": "release", "date": "2026-08-11", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx"}, {"id": "call", "date": "2026-08-11", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11"}, {"id": "citi", "date": "2026-09-09", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771"}, {"id": "citi-crosscheck", "date": "2026-09-09", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09"}, {"id": "price", "date": "2026-09-18", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 audited Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "date": "2026-08-17", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "FY2026 results and Q1 FY2027 outlook", "url": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "date": "2026-08-11", "source_type": "Primary company disclosure", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management earnings call — third-party transcript", "url": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "date": "2026-08-11", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Management Citi conference — third-party transcript", "url": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Company Materials", "title": "Citi conference transcript cross-check", "url": "https://earningsapi.io/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-09-09", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}, {"category": "Industry / Market Data", "title": "Historical regular-session close", "url": "https://stockanalysis.com/stocks/lite/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "See the model input register for reported anchors, commentary and independent forecast treatment."}], "lineage": [{"input": "Financial statements and aligned claims", "classification": "Reported", "source": "10k", "treatment": "June 27 cash, debt, common and awards are aligned. Rounded filing share counts are used. August common 89.7m is a cross-check only; combining it with June debt and awards would double-count some conversions. NVIDIA preferred participates one-for-one; its cash is already on balance sheet. The noncash debt-exchange charge does not recur."}, {"input": "Near-term operating outlook", "classification": "Management guidance-commentary", "source": "release", "treatment": "Q1 FY27 revenue $1.225–1.275bn and non-GAAP operating margin 39.5–40.5% anchor Base. Subsequent quarters are estimates, not full-year guidance."}, {"input": "FY2028 outlook bridge", "classification": "Management guidance-commentary", "source": "citi", "treatment": "September Citi management commentary targets $40 FY2028 EPS; third-party transcripts cross-checked, not an audited forecast. Q1 planning diluted shares 102m and tax 16.5% come from August call commentary. The $2bn quarterly scale operating-margin commentary is contextual, not an annual forecast."}, {"input": "Revenue, mix and capacity", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "Base FY27 quarterly growth 24/20/20% follows Q1 midpoint. FY28 revenue is inferred from $40 EPS × 102m planning shares / (1 − 16.5% tax) / 44% non-GAAP margin, assuming zero net financing income. The implied revenue is not management revenue guidance. Components/Systems allocation, volume capacity and price erosion are independent estimates. No CPO, OCS or NVIDIA partnership premium is added separately. FY29–31 Base growth 25/20/15%, then five years of gradual convergence. FY27 margins ramp from the scenario Q1 anchor to its FY28 margin; the annual figure is revenue-weighted. This bridge is estimated, not quarterly margin guidance."}, {"input": "Margins and SBC", "classification": "Dilikoğlu Research estimate", "source": "call", "treatment": "Q1 Base 40% non-GAAP operating margin, FY28 44%, then convergence to scenario economic margins. SBC remains an economic cost; remaining expense for opening diluted awards is added back to avoid charging both shares and service cost. Future grants stay in economic expense and are not added again to shares. Gross award dilution is equivalent to cash withholding plus net shares for valuation; liquidity separately reserves 30% withholding at the frozen reference. Capacity growth is reduced proportionally when capex intensity falls below the scenario anchor; extra capex alone does not create demand."}, {"input": "Capital and working capital", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Separate capital creditors from operating liabilities. Asset additions produce capital payable balances; cash capex equals additions minus change in capital payables. CIP commissions with a one-year lag; 80% equipment over 7 years, 20% buildings over 20. Acquisition contract-liability release is noncash; only cash-backed deferred balances fund operations. AR/inventory/AP days and 75% operating prepaids are estimates. DTA use limited to half reported balance as tax shield, not also added to value."}, {"input": "Convertible settlement and hedge", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Outstanding original principal is deducted once; only conversion premium dilutes. 2032 capped calls offset premium between $187.77 and $268.24, with recovery stressed. No hedge assumed on older tranches. Conversion eligibility is 130% for 20 of 30 trading days; June notes already qualify. Funding conservatively settles all note principal in FY27, versus contractual maturity sensitivity. June-to-August additional requests are $238.4m, not $757.8m new debt. Premium is valued with intrinsic settlement at modeled IV, not an option-pricing appraisal. Early hedge termination terms and make-whole adjustments remain limitations."}, {"input": "Other claims and funding", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Reserve tax payable, pension, asset retirement and 50% uncertain tax; no additional operating-lease debt subtraction. $60m deposit reserve approximates Japan encumbrances. Available revolver is 0/50/100/100% of $400m commitment, subject to covenants, expiring FY31 with no assumed renewal. No refinancing or equity funding assumed; negative cash is an explicit zero-common-recovery stress, not default probability. Principal paid affects liquidity, not FCFF a second time."}, {"input": "Valuation and scenario priors", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "COHR-consistent priors 10/25/45/20%, WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%, exit recurring EBIT 8/12/20/25x. Five forecast years plus five transition years. Exit EV/EBIT is primary; perpetuity FCFF is an unblended cross-check. Company-specific margins are not borrowed from COHR."}, {"input": "Simulation and evidence", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "20,000 reproducible draws jointly stress demand, capacity, mix/pricing, margin, capital, cash conversion, credit, valuation multiple, awards and hedge recovery. Simulated shares solve conversion and option premium dynamically. These probabilities are judgment, not empirical confidence intervals."}], "model_provenance": {"command": "node scripts/build_lite.cjs", "input_sha256": "c7239e976796f2e4d71a1507e1aaf48c1595487f96d184d03fee346b2e6d91a0", "engine_sha256": "f24cf73d2df0025a115a7c8f91f43e273bb7e5a17fe9fc70803355fc34fcc0f0"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.revenue", "value": 3.014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.components", "value": 2.0056, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.systems", "value": 1.0084, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.q4Revenue", "value": 1.0063, "classification": "Reported", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.q4NonGaapMargin", "value": 0.366, "classification": "Reported", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.q4GrossMargin", "value": 0.504, "classification": "Reported", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.ebit", "value": 0.5248, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.cfo", "value": 0.7514, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.capex", "value": 0.4513, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.cash", "value": 2.0435, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.investments", "value": 0.6949, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.receivables", "value": 0.5203, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.inventory", "value": 0.6916, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.prepaids", "value": 0.2116, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.payables", "value": 0.5674, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.payroll", "value": 0.1463, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.accruedExpenses", "value": 0.0649, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.capitalPayables", "value": 0.1814, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.otherCurrentLiabilities", "value": 0.0915, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.taxPayable", "value": 0.0383, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.restructuringReserve", "value": 0.0024, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.deferredRevenue", "value": 0.0168, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.acquiredContractLiability", "value": 0.0076, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.ppe", "value": 1.1591, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.land", "value": 0.0921, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.cip", "value": 0.3774, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.depreciation", "value": 0.1288, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.sbc", "value": 0.1702, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.ordinaryShares", "value": 0.0886, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.subsequentOrdinaryShares", "value": 0.0897, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.preferredShares", "value": 0.0029, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.rsus", "value": 0.002, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.psus", "value": 0.0008, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.options", "value": 0.0002, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "billion shares", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.optionStrike", "value": 8.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.unrecognizedRsuExpense", "value": 0.1677, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.unrecognizedPsuExpense", "value": 0.0728, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.unrecognizedOptionExpense", "value": 0.0014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.debtPrincipal", "value": 1.6471, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.debtCarrying", "value": 1.6374, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.termDebt", "value": 0.0928, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.currentTermDebt", "value": 0.0523, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.revolverCommitment", "value": 0.4, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.pension", "value": 0.0072, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.assetRetirement", "value": 0.009, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.uncertainTax", "value": 0.0672, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.deferredTaxAsset", "value": 0.5309, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.0", "value": 0.1235, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.1", "value": 0.083, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.2", "value": 0.0526, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.3", "value": 0.0465, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.4", "value": 0.02, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.amortizationSchedule.5", "value": 0.0013, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.earlyRequests", "value": 0.7578, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "actual.settledRequests", "value": 0.5194, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1RevenueLow", "value": 1.225, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1RevenueHigh", "value": 1.275, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1MarginLow", "value": 0.395, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1MarginHigh", "value": 0.405, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1EpsLow", "value": 4.05, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "USD per share", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.q1EpsHigh", "value": 4.35, "classification": "Management guidance-commentary", "sourceUrl": "https://investor.lumentum.com/financial-news-releases/news-details/2026/Lumentum-Announces-Fourth-Quarter-and-Full-Fiscal-Year-2026-Results/default.aspx", "source_date": "2026-08-11", "unit": "USD per share", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.fy28Eps", "value": 40, "classification": "Management guidance-commentary", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD per share", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.planningTax", "value": 0.165, "classification": "Management guidance-commentary", "sourceUrl": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.planningDilutedShares", "value": 0.102, "classification": "Management guidance-commentary", "sourceUrl": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "source_date": "2026-08-11", "unit": "billion shares", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "guidance.scaleMargin", "value": 0.42, "classification": "Management guidance-commentary", "sourceUrl": "https://earningscalls.dev/transcripts/lumentum-holdings-inc_lite_earnings_call_transcript_2026-08-11", "source_date": "2026-08-11", "unit": "fraction", "note": "Management outlook; conference/call transcription separately disclosed.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.principal", "value": 0.0548, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.conversionPrice", "value": 99.29, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.coupon", "value": 0.005, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.maturityYear", "value": 2027, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.0.capPrice", "value": 99.29, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.principal", "value": 0.1796, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.conversionPrice", "value": 131.03, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.coupon", "value": 0.005, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.maturityYear", "value": 2028, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.1.capPrice", "value": 131.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.principal", "value": 0.0549, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.conversionPrice", "value": 69.54, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.coupon", "value": 0.015, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.maturityYear", "value": 2030, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.2.capPrice", "value": 69.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.principal", "value": 1.265, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD billion", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.conversionPrice", "value": 187.77, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.coupon", "value": 0.00375, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "fraction", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.maturityYear", "value": 2032, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "debt.3.capPrice", "value": 268.24, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1633978/000162828026057358/lite-20260627.htm", "source_date": "2026-08-17", "unit": "USD per share", "note": "Filing or release amount; shares and money converted to billions. Rounded balances retained.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.q1ComponentsShare", "value": 0.617, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.reserve", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.restrictedDepositReserve", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.otherPrepaidsOperatingFraction", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.taxAssetUtilization", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.capitalPayableRatio", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.equipmentShare", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.equipmentLife", "value": 7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.buildingLife", "value": 20, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.openingPpeLife", "value": 6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.commissioningLag", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "years", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.0", "value": 0.0523, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.1", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.2", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termRepayments.3", "value": 0.0205, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.termInterest", "value": 0.012, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.revolverRate", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.revolverFee", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.awardWithholding", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardVesting.0", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardVesting.1", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardExpense.0", "value": 0.135, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.existingAwardExpense.1", "value": 0.1069, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.componentGrossMargin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.systemsGrossMargin", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.q1NonGaapOpexRatio", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.q1Factor", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.quarterGrowthFactors.0", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.quarterGrowthFactors.1", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.quarterGrowthFactors.2", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.fy28EpsRealization", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.fy28NonGaapMargin", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.postFY28Growth.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.postFY28Growth.1", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.postFY28Growth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalEconomicMargin", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.receivableDays", "value": 90, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.inventoryDays", "value": 200, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.revolverAccess", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.psuPayout", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.capacityRevenueFY28", "value": 6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.capacityGrowth", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.priceChange", "value": -0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.0.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.q1Factor", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.quarterGrowthFactors.0", "value": 1.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.quarterGrowthFactors.1", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.quarterGrowthFactors.2", "value": 1.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.fy28EpsRealization", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.fy28NonGaapMargin", "value": 0.39, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.postFY28Growth.0", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.postFY28Growth.1", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.postFY28Growth.2", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalEconomicMargin", "value": 0.28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.inventoryDays", "value": 150, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.revolverAccess", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.psuPayout", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.capacityRevenueFY28", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.capacityGrowth", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.priceChange", "value": -0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.1.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.q1Factor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.quarterGrowthFactors.0", "value": 1.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.quarterGrowthFactors.1", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.quarterGrowthFactors.2", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.fy28EpsRealization", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.fy28NonGaapMargin", "value": 0.44, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.postFY28Growth.0", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.postFY28Growth.1", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.postFY28Growth.2", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalEconomicMargin", "value": 0.36, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.inventoryDays", "value": 120, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.payableDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.revolverAccess", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.psuPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.taxRate", "value": 0.165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.capacityRevenueFY28", "value": 12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.capacityGrowth", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.priceChange", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.2.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.q1Factor", "value": 1.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.quarterGrowthFactors.0", "value": 1.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.quarterGrowthFactors.1", "value": 1.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.quarterGrowthFactors.2", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.fy28EpsRealization", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.fy28NonGaapMargin", "value": 0.47, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.postFY28Growth.0", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.postFY28Growth.1", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.postFY28Growth.2", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "multiple", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalEconomicMargin", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.inventoryDays", "value": 105, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.payableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "days", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.revolverAccess", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.psuPayout", "value": 1.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.taxRate", "value": 0.165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.hedgeRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.earlyConversionFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.capacityRevenueFY28", "value": 14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "USD billion", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.capacityGrowth", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.priceChange", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "estimates.scenarios.3.componentMixFY28", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "count", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.seed", "value": 20260921, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "count", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.growthSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.executionCorrelation", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.marginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.waccSigma", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.daysSigma", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.multipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.awardSigma", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "simulation.hedgeSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.investing.com/news/transcripts/lumentum-at-citis-2026-global-tmt-conference-ai-demand-lifts-outlook-93CH-4894771", "source_date": "2026-09-09", "unit": "fraction", "note": "DR assumption or arithmetic; cited source is context, not a reported forecast.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}, {"path": "referencePrice", "value": 930.91, "unit": "USD per share", "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/lite/history/", "source_date": "2026-09-18", "note": "Frozen regular-session close; not a live quote.", "model_as_of": "2026-09-21", "unit_context": "USD billions; shares in billions; rates as decimals; per-share prices in USD"}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Financial statements and aligned claims", "classification": "Reported", "source": "10k", "treatment": "June 27 cash, debt, common and awards are aligned. Rounded filing share counts are used. August common 89.7m is a cross-check only; combining it with June debt and awards would double-count some conversions. NVIDIA preferred participates one-for-one; its cash is already on balance sheet. The noncash debt-exchange charge does not recur."}, {"input": "Near-term operating outlook", "classification": "Management guidance-commentary", "source": "release", "treatment": "Q1 FY27 revenue $1.225–1.275bn and non-GAAP operating margin 39.5–40.5% anchor Base. Subsequent quarters are estimates, not full-year guidance."}, {"input": "FY2028 outlook bridge", "classification": "Management guidance-commentary", "source": "citi", "treatment": "September Citi management commentary targets $40 FY2028 EPS; third-party transcripts cross-checked, not an audited forecast. Q1 planning diluted shares 102m and tax 16.5% come from August call commentary. The $2bn quarterly scale operating-margin commentary is contextual, not an annual forecast."}, {"input": "Revenue, mix and capacity", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "Base FY27 quarterly growth 24/20/20% follows Q1 midpoint. FY28 revenue is inferred from $40 EPS × 102m planning shares / (1 − 16.5% tax) / 44% non-GAAP margin, assuming zero net financing income. The implied revenue is not management revenue guidance. Components/Systems allocation, volume capacity and price erosion are independent estimates. No CPO, OCS or NVIDIA partnership premium is added separately. FY29–31 Base growth 25/20/15%, then five years of gradual convergence. FY27 margins ramp from the scenario Q1 anchor to its FY28 margin; the annual figure is revenue-weighted. This bridge is estimated, not quarterly margin guidance."}, {"input": "Margins and SBC", "classification": "Dilikoğlu Research estimate", "source": "call", "treatment": "Q1 Base 40% non-GAAP operating margin, FY28 44%, then convergence to scenario economic margins. SBC remains an economic cost; remaining expense for opening diluted awards is added back to avoid charging both shares and service cost. Future grants stay in economic expense and are not added again to shares. Gross award dilution is equivalent to cash withholding plus net shares for valuation; liquidity separately reserves 30% withholding at the frozen reference. Capacity growth is reduced proportionally when capex intensity falls below the scenario anchor; extra capex alone does not create demand."}, {"input": "Capital and working capital", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Separate capital creditors from operating liabilities. Asset additions produce capital payable balances; cash capex equals additions minus change in capital payables. CIP commissions with a one-year lag; 80% equipment over 7 years, 20% buildings over 20. Acquisition contract-liability release is noncash; only cash-backed deferred balances fund operations. AR/inventory/AP days and 75% operating prepaids are estimates. DTA use limited to half reported balance as tax shield, not also added to value."}, {"input": "Convertible settlement and hedge", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Outstanding original principal is deducted once; only conversion premium dilutes. 2032 capped calls offset premium between $187.77 and $268.24, with recovery stressed. No hedge assumed on older tranches. Conversion eligibility is 130% for 20 of 30 trading days; June notes already qualify. Funding conservatively settles all note principal in FY27, versus contractual maturity sensitivity. June-to-August additional requests are $238.4m, not $757.8m new debt. Premium is valued with intrinsic settlement at modeled IV, not an option-pricing appraisal. Early hedge termination terms and make-whole adjustments remain limitations."}, {"input": "Other claims and funding", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "Reserve tax payable, pension, asset retirement and 50% uncertain tax; no additional operating-lease debt subtraction. $60m deposit reserve approximates Japan encumbrances. Available revolver is 0/50/100/100% of $400m commitment, subject to covenants, expiring FY31 with no assumed renewal. No refinancing or equity funding assumed; negative cash is an explicit zero-common-recovery stress, not default probability. Principal paid affects liquidity, not FCFF a second time."}, {"input": "Valuation and scenario priors", "classification": "Dilikoğlu Research estimate", "source": "10k", "treatment": "COHR-consistent priors 10/25/45/20%, WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%, exit recurring EBIT 8/12/20/25x. Five forecast years plus five transition years. Exit EV/EBIT is primary; perpetuity FCFF is an unblended cross-check. Company-specific margins are not borrowed from COHR."}, {"input": "Simulation and evidence", "classification": "Dilikoğlu Research estimate", "source": "citi", "treatment": "20,000 reproducible draws jointly stress demand, capacity, mix/pricing, margin, capital, cash conversion, credit, valuation multiple, awards and hedge recovery. Simulated shares solve conversion and option premium dynamically. These probabilities are judgment, not empirical confidence intervals."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/LITE"}, "model_note": "DR estimates using June 27 balances and September 9 management commentary. Opening FY27 valuation; frozen September 18 reference. No recommendation assigned.", "limitations": ["Valuation date June 27 with September information; not a live mark or formal recommendation.", "Management conference and earnings-call commentary uses third-party transcripts. Exact FY28 revenue and share bridge are not provided by management.", "Annual funding cannot establish daily covenant compliance or intra-quarter solvency. Early convert principal timing and capped-call termination require execution-specific terms.", "Rounded common, preferred and award counts; no subsequent issuance bridge after the audited balance sheet.", "Product-level margins, saleable capacity, capital conversion, working-capital days and future award withholding are DR estimates.", "No standalone report is published by this model build."], "links": {"coverage": "https://dilikogluresearch.com/coverage/lite", "model": "https://dilikogluresearch.com/lite_model", "native_model": "https://dilikogluresearch.com/api/model/LITE", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=LITE"}, "model_version": "ad981bdb0682ca1be5332b3282f562add1d9276d6d39afb48779e4f4ec6b699c"}}, {"id": "22ff9f6d187252a04e82cf1878ef375eecea4b7b130e87b4d66b95509fab6b39", "ticker": "WULF", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "02df12494187a3d06d7937076255e84b2f4c9785918400380eb1522c9db1668e", "research_version": "df9169ee1839c2c8521b3540adecb086735bccbe591ea3056b2c46bc97745866", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 17.477276923169384, "probability_weighted": 15.887947072563517, "scenarios": {"failure": {"fair_value": 0.27224698983195683, "probability": 0.1}, "bear": {"fair_value": 5.943117406925177, "probability": 0.25}, "base": {"fair_value": 17.477276923169384, "probability": 0.45}, "bull": {"fair_value": 32.55084203211402, "probability": 0.2}}, "monte_carlo_median": 14.91482992826007, "method": "Project NAV + risked powered-land option"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 17.477276923169384, "probability_weighted": 15.887947072563517, "scenarios": {"failure": {"fair_value": 0.27224698983195683, "probability": 0.1}, "bear": {"fair_value": 5.943117406925177, "probability": 0.25}, "base": {"fair_value": 17.477276923169384, "probability": 0.45}, "bull": {"fair_value": 32.55084203211402, "probability": 0.2}}, "monte_carlo_median": 14.91482992826007, "method": "Project NAV + risked powered-land option"}}], "snapshot": {"schema_version": "1.0", "ticker": "WULF", "company": "TeraWulf", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 16.51, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 17.477276923169384, "probability_weighted": 15.887947072563517, "scenarios": {"failure": {"fair_value": 0.27224698983195683, "probability": 0.1}, "bear": {"fair_value": 5.943117406925177, "probability": 0.25}, "base": {"fair_value": 17.477276923169384, "probability": 0.45}, "bull": {"fair_value": 32.55084203211402, "probability": 0.2}}, "monte_carlo_median": 14.91482992826007, "method": "Project NAV + risked powered-land option"}, "thesis": {"pillars": ["Signed AI-infrastructure leases support asset-level value independently of the remaining Bitcoin-mining bridge.", "Future development value depends on site-specific readiness and financing, rather than a single haircut applied to all power.", "Google warrants, converts, existing awards and future funding determine how much asset value belongs to common shareholders."], "variant": "Large asset-level development spreads do not pass through one-for-one to each common share. The underwriting separates project cash from HoldCo cash and recognizes the substantial dilution and compensation burden.", "risks": ["Construction and financing delays can postpone lease cash flow.", "Warrants, convertible exposure and equity compensation absorb upside.", "Project reserves and remaining funding commitments limit deployable corporate liquidity."], "summary": "TeraWulf’s signed infrastructure leases underpin its asset value. Construction execution and financing must translate that value into common-share returns after warrants, converts, compensation and remaining capital commitments."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://investors.terawulf.com/news-events/press-releases/detail/144/terawulf-reports-second-quarter-2026-results", "title": "Q2 2026 results", "date": "2026-08-05", "category": "Company Materials", "supports": "Operating results and development updates", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/wulf-20260805.htm", "title": "August 5, 2026 Form 8-K", "date": "2026-08-05", "category": "Company Filings", "supports": "Earnings release and presentation filing", "source_type": "Primary company filing"}, {"url": "https://www.sec.gov/Archives/edgar/data/1083301/000108330126000162/terawulfq22026investorpr.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-05", "category": "Company Materials", "supports": "Capacity and capital structure disclosures", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "a17056218ad91e1c5ca117c67184e4088fddfff742e2eebb50a432f3e60b081e"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/WULF"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/wulf", "model": "https://dilikogluresearch.com/wulf_model", "native_model": "https://dilikogluresearch.com/api/model/WULF", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=WULF"}, "model_version": "02df12494187a3d06d7937076255e84b2f4c9785918400380eb1522c9db1668e"}}, {"id": "259987bfbeeeda970912f7adb771bacc143abf06933bdcc1ea2b5619a3dbf58c", "ticker": "MU", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "358f6b827cc5afcb122ee9400527044949d23a43eb9000112169d7606fae4a38", "research_version": "49de0f76ce528e47f3623805b08a8cbfa9f6bfaa1ed1648b1a25b1a7ae15c427", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 1055.7066528076512, "probability_weighted": 983.5459374212963, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 286.81589224792646, "probability": 0.25}, "base": {"fair_value": 1055.7066528076512, "probability": 0.45}, "bull": {"fair_value": 2183.8698529793583, "probability": 0.2}}, "monte_carlo_median": 920.7614682891483, "method": "FY27–FY36 FCFF DCF plus normalized earnings cross-check"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 1055.7066528076512, "probability_weighted": 983.5459374212963, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 286.81589224792646, "probability": 0.25}, "base": {"fair_value": 1055.7066528076512, "probability": 0.45}, "bull": {"fair_value": 2183.8698529793583, "probability": 0.2}}, "monte_carlo_median": 920.7614682891483, "method": "FY27–FY36 FCFF DCF plus normalized earnings cross-check"}}], "snapshot": {"schema_version": "1.0", "ticker": "MU", "company": "Micron Technology", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 975.26, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 1055.7066528076512, "probability_weighted": 983.5459374212963, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 286.81589224792646, "probability": 0.25}, "base": {"fair_value": 1055.7066528076512, "probability": 0.45}, "bull": {"fair_value": 2183.8698529793583, "probability": 0.2}}, "monte_carlo_median": 920.7614682891483, "method": "FY27–FY36 FCFF DCF plus normalized earnings cross-check"}, "thesis": {"summary": "Micron’s opportunity is to convert AI-memory demand into durable cash returns. The model separates estimated HBM from other DRAM and NAND, while normalizing pricing and margins and deducting capital reinvestment. This reviewed scenario baseline discloses the estimates and sensitivities supporting valuation; it is not an investment recommendation.", "pillars": ["HBM growth can improve product mix, but remains part of total DRAM.", "Customer agreements provide visibility without eliminating price, delivery and concentration risk.", "Capital spending and working capital determine how much operating profit becomes equity value."], "risks": ["Memory pricing normalizes faster than modeled.", "HBM qualification, packaging yields or shipment growth disappoint.", "Sustained reinvestment and terminal assumptions dominate the DCF."], "variant": "Near-term scarcity margins are not a permanent terminal margin. Underwrite bit volume, pricing and reinvestment separately."}, "governance": [{"signal": "HBM execution", "review_trigger": "Shipments below the scenario volume plan or packaging ramp delayed by two quarters", "action": "Reassess shipment ceiling, mix and capex timing together."}, {"signal": "Pricing and costs", "review_trigger": "Realized ASP misses plan by 15% or gross margin misses by 5 percentage points for two quarters", "action": "Rebuild product cost assumptions; do not preserve margin independently of price."}, {"signal": "Capital returns", "review_trigger": "Net capex exceeds plan by 20% without higher output or contracted returns", "action": "Lower cash returns and review terminal ROIC."}, {"signal": "Liquidity / contracts", "review_trigger": "Adjusted liquidity below $5bn, material default or deposit refund acceleration", "action": "Explicitly underwrite financing and dilution before approval."}, {"signal": "Terminal economics", "review_trigger": "Terminal value exceeds 60% of enterprise value", "action": "Review terminal margin/WACC and zero-growth sensitivities. High terminal dependence is a disclosed valuation risk, not proof that a cash-flow model is invalid."}], "sources": {"model_sources": [{"id": "q3-release", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24"}, {"id": "q3-10q", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25"}, {"id": "q3-remarks", "url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24"}, {"id": "fy25-10k", "url": "https://www.sec.gov/Archives/edgar/data/723125/000072312525000028/mu-20250828.htm", "title": "FY25 Form 10-K: three-year GAAP cycle history", "date": "2025-10-03"}, {"id": "us-supply-chain", "date": "2026-07-09", "title": "US ecosystem investment envelope", "url": "https://investors.micron.com/news/press-release/2026/Micron-Announces-Up-to-3-Billion-Strategic-Investment-to-Strengthen-U-S--Semiconductor-Ecosystem/default.aspx"}, {"id": "us-expansion", "date": "2026-07-09", "title": "US expansion plan through 2035", "url": "https://investors.micron.com/news/press-release/2026/Micron-Accelerates-U-S--Investments-Pours-First-Concrete-at-New-York-Fab/default.aspx"}, {"id": "anthropic", "date": "2026-06-22", "title": "Anthropic agreement and investment", "url": "https://investors.micron.com/news/press-release/2026/Micron-and-Anthropic-Announce-Strategic-Agreement-to-Scale-Next-Generation-AI-Infrastructure/default.aspx"}, {"id": "next-results", "date": "2026-08-26", "title": "FY26 Q4 reporting scheduled September 30", "url": "https://investors.micron.com/news/press-release/2026/Micron-Technology-to-Report-Fiscal-Fourth-Quarter-Results-on-September-30-2026/default.aspx"}], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000013/a2026q3ex991-pressrelease.htm", "title": "FY26 Q3 results and Q4 guidance", "date": "2026-06-24", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/723125/000072312526000015/mu-20260528.htm", "title": "FY26 Q3 Form 10-Q, technology revenue and balance sheet", "date": "2026-06-25", "category": "Company Filings", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}, {"url": "https://s25.q4cdn.com/621799436/files/doc_financials/2026/q3/Q3-FY26-Prepared-Remarks.pdf", "title": "FY26 Q3 prepared remarks, HBM and customer agreements", "date": "2026-06-24", "category": "Company Materials", "supports": "Historical baseline and context; forecasts separately classified as DR estimates.", "source_type": "Primary company disclosure"}], "lineage": [{"input": "Reported technology revenue and balance-sheet balances", "classification": "Reported", "source": "q3-10q", "treatment": "USD billions; HBM included in DRAM. Calculated dilution and non-operating-claim treatments are separately labeled estimates."}, {"input": "Q3 P&L, cash flow and capex", "classification": "Reported", "source": "q3-release", "treatment": "Gross capex, asset sales and incentives kept separate; restricted cash excluded."}, {"input": "FY26 Q4 revenue, gross margin and operating expenses", "classification": "Management guidance-commentary", "source": "q3-release", "treatment": "Guidance midpoint, not actual results. Used only for estimated opening FY27 cash bridge."}, {"input": "HBM Q3 allocation: $6bn", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Illustrative $4–8bn sensitivity within reported DRAM; standalone HBM total not established by reviewed disclosures. Remaining DRAM is residual, never additive."}, {"input": "Q4 D&A, capex/incentives, tax, working capital and dividend", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 D&A scales Q3 by 14/13 weeks; 15% tax follows management outlook. Cash capex/incentives and working-capital days are estimates. No interest income or deposit windfall is added to enterprise FCFF."}, {"input": "WACC, terminal growth/ROIC/margin, scenario priors and normalized EV/NOPAT multiple", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "DCF primary; terminal reinvestment = NOPAT × growth / ROIC. Earnings cross-check separate and not blended."}, {"input": "Customer deposits and tax payables", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported deposit and tax balances are financing-like claims in the research cash bridge. Tax receivables offset existing tax liabilities; no future deposit receipts create equity value."}, {"input": "Monte Carlo distributions and correlations", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "20,000 seeded scenario-mixture draws. Shared cycle shock links ASP, margins, capex and discount rate; HBM execution partially correlated. Judgment-based, not calibrated probabilities."}, {"input": "Ordinary shares and award claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported June ordinary shares plus 17m quarterly dilution proxy. Reviewed approximation, not exact period-end award count; 7–27m incremental-share sensitivity is disclosed. Future SBC remains expensed without cash add-back; no buyback benefit assumed."}, {"input": "Liquidity stress and minimum cash", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Annual adjusted net cash accumulates FCFF less $0.688bn dividends. $5bn minimum reserve; no new borrowing, deposits or buybacks. Funding gap is a diagnostic, not an assumed financing commitment or extra DCF deduction."}, {"input": "Historical gross margins", "classification": "Reported", "source": "fy25-10k", "treatment": "FY23–25 revenue and gross profit; margins calculated. History is cycle context, not a statistical estimate of future probabilities."}, {"input": "Product cost allocation and inflation", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Allocate Q3 COGS less estimated manufacturing depreciation (90% of reported total D&A) by product weights. Forecast cash costs include SBC; separate asset-based depreciation is added once. FY27 startup cost premiums fade with node productivity: Base HBM/DRAM/NAND annual cash-cost changes 0/-3/-4%. Fixed cash-cost share 50%. These are DR estimates, not reported product costs."}, {"input": "Indexed manufacturing capacity", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "HBM revenue is translated to relative DRAM bits using a 5x price premium and 3x wafer trade ratio. Shared DRAM capacity limits HBM and conventional DRAM together, with a separate packaging ceiling and NAND ceiling. Annual node productivity and capacity growth are explicit. No absolute wafer starts or guaranteed fab output claimed."}, {"input": "Terminal product margins", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Base HBM/DRAM/NAND margins 50/40/35%; other uses conventional DRAM margin. Weighted by final forecast product mix. FY25 consolidated margin was approximately 40%; HBM premium and continued structural improvement are assumptions. Terminal margin cannot exceed final explicit-year margin. No perpetual peak-margin extrapolation."}, {"input": "Operating working capital and existing tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Opening NWC uses trade receivables only, inventory, trade payables and operating accruals. Incentive receipts run through the cash-incentive forecast, with no separate receivable value. Current/noncurrent tax claims are net of tax receivables. Capital payables settle within cash capex. Q4 run rates use its 14-week duration."}, {"input": "Capex and other forecast assumptions", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Capital floors remain $40/42/44/48bn in FY27. Global physical capex incorporates US expansion, not an additional $250bn lump sum. Opex floor is FY26 nine-month GAAP opex plus Q4 guidance plus $1bn, grown 5% annually. Cash-to-asset additions use a disclosed flat capital-payables/incentive-accrual proxy."}, {"input": "Depreciation and asset roll-forward", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Straight-line 7-year equipment and 20-year building lives; commissioning lags 1/2 years and 55% construction share. Legacy net assets depreciate at annualized Q3 D&A until exhausted. Land is not depreciated. New depreciation is independent of ASP and stops at depreciable basis."}, {"input": "Trade receivables, asset book values and Q3 D&A", "classification": "Reported", "source": "q3-10q", "treatment": "Notes 5, 7 and 17 anchor operating working capital and the estimated asset schedule."}, {"input": "Post-May strategic investments and other uses", "classification": "Dilikoğlu Research estimate", "source": "us-supply-chain", "treatment": "Reserve $4bn cash: full $3bn announced ecosystem envelope plus $1bn illustrative allowance for undisclosed Anthropic investment. Recover 50% in non-operating equity value; also reserve $0.25bn other spending. No valuation premium. Show zero-to-$8bn cash / 0–100% recovery stress; this is not an assertion of actual disbursements."}, {"input": "Pricing, volume and probabilities — review disposition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 demand/ASP scenarios are retained. After FY27, annual ASP changes are Failure -18/-25/-25%, Bear -15/-22/-22%, Base -12/-18/-18%, Bull -8/-12/-12% for HBM/DRAM/NAND. DR estimates impose cycle normalization before the terminal year rather than use permanent compound cost inflation. No company-wide contract floor is invented."}, {"input": "Explicit cycle-to-terminal transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Five operating years FY27–FY31 followed by five transition years FY32–FY36. Revenue growth and gross margin converge gradually from achieved FY31 levels to the existing scenario terminal assumptions; the normalized gross-margin cap is retained. The commissioned-asset depreciation ledger continues throughout. Net capital spending transitions from FY31 intensity to depreciation plus NOPAT × growth / ROIC less incremental operating working capital. Incentives phase out. Terminal FCFF matches the last transition year grown at the terminal rate. This timing is a DR estimate, not Micron guidance; no upward margin or price revision is made simply to match market value."}, {"input": "Pace of price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Management expects DRAM/NAND tightness beyond calendar 2027. Base/Bull apply 50% of the annual normalization rate in FY28, 75% in FY29 and 100% in FY30–31; Failure/Bear retain full-rate normalization from FY28. The staged timing is a DR estimate, not price guidance or a contractual floor. Long-run margins, volume constraints, capital floors and scenario probabilities are unchanged."}, {"input": "Base quarterly-guidance planning anchors", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 revenue $50bn and GAAP gross margin 86% remain guidance only for Q4. Base FY27 uses 86% as an annual planning anchor, with a fixed implied cash-cost efficiency factor carried through the product cost curve. FY27 opex $7.728bn equals FY26 nine-month GAAP opex $4.868bn plus Q4 GAAP outlook $1.86bn plus management FY27 increase of about $1bn; this assumes a stable non-GAAP-to-GAAP adjustment burden. The FY27 opex amount includes depreciation and SBC. Later opex is the greater of this revenue ratio or a 5%-growing floor. FY27 net capex exceeds $40bn, consistent with quarterly spending above Q4’s $10bn. These are disclosed annual DR extrapolations, not new annual revenue/margin guidance."}, {"input": "Base tax-rate transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 uses Q4/FY26 guided tax rate of 15% as a DR planning anchor; subsequent years retain the 18% normalized rate. Management has not provided that full annual tax path."}, {"input": "Approved Base price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Base full annual price declines are 6% HBM and 10% other DRAM/NAND. Existing phase-in remains: half-rate FY28, three-quarter-rate FY29, full-rate FY30–31. This is an aggregate DR pricing estimate informed by supply tightness and customer agreements, not a disclosed contractual floor. Other scenarios and probabilities are unchanged."}], "model_provenance": {"command": "node scripts/build_mu.cjs", "input_sha256": "09e8e575cc65c9787fd244911f4f289525a0ad4d72937aec58d839260dda7b21"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Reported technology revenue and balance-sheet balances", "classification": "Reported", "source": "q3-10q", "treatment": "USD billions; HBM included in DRAM. Calculated dilution and non-operating-claim treatments are separately labeled estimates."}, {"input": "Q3 P&L, cash flow and capex", "classification": "Reported", "source": "q3-release", "treatment": "Gross capex, asset sales and incentives kept separate; restricted cash excluded."}, {"input": "FY26 Q4 revenue, gross margin and operating expenses", "classification": "Management guidance-commentary", "source": "q3-release", "treatment": "Guidance midpoint, not actual results. Used only for estimated opening FY27 cash bridge."}, {"input": "HBM Q3 allocation: $6bn", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Illustrative $4–8bn sensitivity within reported DRAM; standalone HBM total not established by reviewed disclosures. Remaining DRAM is residual, never additive."}, {"input": "Q4 D&A, capex/incentives, tax, working capital and dividend", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 D&A scales Q3 by 14/13 weeks; 15% tax follows management outlook. Cash capex/incentives and working-capital days are estimates. No interest income or deposit windfall is added to enterprise FCFF."}, {"input": "WACC, terminal growth/ROIC/margin, scenario priors and normalized EV/NOPAT multiple", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "DCF primary; terminal reinvestment = NOPAT × growth / ROIC. Earnings cross-check separate and not blended."}, {"input": "Customer deposits and tax payables", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported deposit and tax balances are financing-like claims in the research cash bridge. Tax receivables offset existing tax liabilities; no future deposit receipts create equity value."}, {"input": "Monte Carlo distributions and correlations", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "20,000 seeded scenario-mixture draws. Shared cycle shock links ASP, margins, capex and discount rate; HBM execution partially correlated. Judgment-based, not calibrated probabilities."}, {"input": "Ordinary shares and award claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Reported June ordinary shares plus 17m quarterly dilution proxy. Reviewed approximation, not exact period-end award count; 7–27m incremental-share sensitivity is disclosed. Future SBC remains expensed without cash add-back; no buyback benefit assumed."}, {"input": "Liquidity stress and minimum cash", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Annual adjusted net cash accumulates FCFF less $0.688bn dividends. $5bn minimum reserve; no new borrowing, deposits or buybacks. Funding gap is a diagnostic, not an assumed financing commitment or extra DCF deduction."}, {"input": "Historical gross margins", "classification": "Reported", "source": "fy25-10k", "treatment": "FY23–25 revenue and gross profit; margins calculated. History is cycle context, not a statistical estimate of future probabilities."}, {"input": "Product cost allocation and inflation", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Allocate Q3 COGS less estimated manufacturing depreciation (90% of reported total D&A) by product weights. Forecast cash costs include SBC; separate asset-based depreciation is added once. FY27 startup cost premiums fade with node productivity: Base HBM/DRAM/NAND annual cash-cost changes 0/-3/-4%. Fixed cash-cost share 50%. These are DR estimates, not reported product costs."}, {"input": "Indexed manufacturing capacity", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "HBM revenue is translated to relative DRAM bits using a 5x price premium and 3x wafer trade ratio. Shared DRAM capacity limits HBM and conventional DRAM together, with a separate packaging ceiling and NAND ceiling. Annual node productivity and capacity growth are explicit. No absolute wafer starts or guaranteed fab output claimed."}, {"input": "Terminal product margins", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Base HBM/DRAM/NAND margins 50/40/35%; other uses conventional DRAM margin. Weighted by final forecast product mix. FY25 consolidated margin was approximately 40%; HBM premium and continued structural improvement are assumptions. Terminal margin cannot exceed final explicit-year margin. No perpetual peak-margin extrapolation."}, {"input": "Operating working capital and existing tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Opening NWC uses trade receivables only, inventory, trade payables and operating accruals. Incentive receipts run through the cash-incentive forecast, with no separate receivable value. Current/noncurrent tax claims are net of tax receivables. Capital payables settle within cash capex. Q4 run rates use its 14-week duration."}, {"input": "Capex and other forecast assumptions", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Capital floors remain $40/42/44/48bn in FY27. Global physical capex incorporates US expansion, not an additional $250bn lump sum. Opex floor is FY26 nine-month GAAP opex plus Q4 guidance plus $1bn, grown 5% annually. Cash-to-asset additions use a disclosed flat capital-payables/incentive-accrual proxy."}, {"input": "Depreciation and asset roll-forward", "classification": "Dilikoğlu Research estimate", "source": "fy25-10k", "treatment": "Straight-line 7-year equipment and 20-year building lives; commissioning lags 1/2 years and 55% construction share. Legacy net assets depreciate at annualized Q3 D&A until exhausted. Land is not depreciated. New depreciation is independent of ASP and stops at depreciable basis."}, {"input": "Trade receivables, asset book values and Q3 D&A", "classification": "Reported", "source": "q3-10q", "treatment": "Notes 5, 7 and 17 anchor operating working capital and the estimated asset schedule."}, {"input": "Post-May strategic investments and other uses", "classification": "Dilikoğlu Research estimate", "source": "us-supply-chain", "treatment": "Reserve $4bn cash: full $3bn announced ecosystem envelope plus $1bn illustrative allowance for undisclosed Anthropic investment. Recover 50% in non-operating equity value; also reserve $0.25bn other spending. No valuation premium. Show zero-to-$8bn cash / 0–100% recovery stress; this is not an assertion of actual disbursements."}, {"input": "Pricing, volume and probabilities — review disposition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 demand/ASP scenarios are retained. After FY27, annual ASP changes are Failure -18/-25/-25%, Bear -15/-22/-22%, Base -12/-18/-18%, Bull -8/-12/-12% for HBM/DRAM/NAND. DR estimates impose cycle normalization before the terminal year rather than use permanent compound cost inflation. No company-wide contract floor is invented."}, {"input": "Explicit cycle-to-terminal transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Five operating years FY27–FY31 followed by five transition years FY32–FY36. Revenue growth and gross margin converge gradually from achieved FY31 levels to the existing scenario terminal assumptions; the normalized gross-margin cap is retained. The commissioned-asset depreciation ledger continues throughout. Net capital spending transitions from FY31 intensity to depreciation plus NOPAT × growth / ROIC less incremental operating working capital. Incentives phase out. Terminal FCFF matches the last transition year grown at the terminal rate. This timing is a DR estimate, not Micron guidance; no upward margin or price revision is made simply to match market value."}, {"input": "Pace of price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Management expects DRAM/NAND tightness beyond calendar 2027. Base/Bull apply 50% of the annual normalization rate in FY28, 75% in FY29 and 100% in FY30–31; Failure/Bear retain full-rate normalization from FY28. The staged timing is a DR estimate, not price guidance or a contractual floor. Long-run margins, volume constraints, capital floors and scenario probabilities are unchanged."}, {"input": "Base quarterly-guidance planning anchors", "classification": "Dilikoğlu Research estimate", "source": "q3-release", "treatment": "Q4 revenue $50bn and GAAP gross margin 86% remain guidance only for Q4. Base FY27 uses 86% as an annual planning anchor, with a fixed implied cash-cost efficiency factor carried through the product cost curve. FY27 opex $7.728bn equals FY26 nine-month GAAP opex $4.868bn plus Q4 GAAP outlook $1.86bn plus management FY27 increase of about $1bn; this assumes a stable non-GAAP-to-GAAP adjustment burden. The FY27 opex amount includes depreciation and SBC. Later opex is the greater of this revenue ratio or a 5%-growing floor. FY27 net capex exceeds $40bn, consistent with quarterly spending above Q4’s $10bn. These are disclosed annual DR extrapolations, not new annual revenue/margin guidance."}, {"input": "Base tax-rate transition", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "FY27 uses Q4/FY26 guided tax rate of 15% as a DR planning anchor; subsequent years retain the 18% normalized rate. Management has not provided that full annual tax path."}, {"input": "Approved Base price normalization", "classification": "Dilikoğlu Research estimate", "source": "q3-remarks", "treatment": "Base full annual price declines are 6% HBM and 10% other DRAM/NAND. Existing phase-in remains: half-rate FY28, three-quarter-rate FY29, full-rate FY30–31. This is an aggregate DR pricing estimate informed by supply tightness and customer agreements, not a disclosed contractual floor. Other scenarios and probabilities are unchanged."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/MU"}, "model_note": "Reviewed DR scenario baseline. Forecasts remain estimates; source review and stress ranges are disclosed. Opening FY27 cash uses Q4 guidance. No recommendation assigned. Portfolio scoring inputs are disclosed separately.", "limitations": ["HBM allocation, cash costs and indexed capacity remain DR estimates; their sensitivities are part of this reviewed baseline.", "Q4 balances remain estimated until September 30 results. The model is valued at estimated opening FY27, not a live price target.", "Exact period-end award counts and undisclosed investment disbursements are unavailable; explicit share and strategic-cash stress ranges bound the assumptions without claiming verified totals.", "Asset lives are anchored to accounting policy, but commissioning, capital-payable changes, incentive accruals and depreciation allocation are estimated; this is not a full GAAP forecast.", "Annual net-cash stress excludes future financing, deposit receipts and discretionary buybacks. It is not an intra-quarter cash forecast.", "Terminal normalized margins can be lower than FY31 operating margins. The decline is phased through FY32–FY36 as explicit cycle normalization; terminal sensitivities are unblended.", "Portfolio Analytics uses a separately disclosed frozen market reference and DR evidence score; no investment recommendation is made.", "FY32–FY36 is an estimated normalization period. Product revenue follows the FY31 mix and a fading aggregate growth rate; it is not a physical wafer forecast. The longer horizon does not establish durability of peak margins."], "links": {"coverage": "https://dilikogluresearch.com/coverage/mu", "model": "https://dilikogluresearch.com/mu_model", "native_model": "https://dilikogluresearch.com/api/model/MU", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=MU"}, "model_version": "358f6b827cc5afcb122ee9400527044949d23a43eb9000112169d7606fae4a38"}}, {"id": "2d9ea7cfc5e9d2eb60add4752818bbbcb3461a3bce06790a1745a28e5b22741b", "ticker": "CRWV", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "8c74e2fe1470fcccdf6821108f3ba4f76637a6328b800467ec62b9192df8eb3f", "research_version": "1dd68896c6fe085e26159b5a5e7bd2af44f45240fd98b557887f3b3ce456bb25", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 119.38021927349604, "probability_weighted": 102.80918131345923, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 28.966920806505925, "probability": 0.3}, "base": {"fair_value": 119.38021927349604, "probability": 0.45}, "bull": {"fair_value": 269.3200426562282, "probability": 0.15}}, "monte_carlo_median": 84.1903694252234, "method": "EV/ARR less standard net debt"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 119.38021927349604, "probability_weighted": 102.80918131345923, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 28.966920806505925, "probability": 0.3}, "base": {"fair_value": 119.38021927349604, "probability": 0.45}, "bull": {"fair_value": 269.3200426562282, "probability": 0.15}}, "monte_carlo_median": 84.1903694252234, "method": "EV/ARR less standard net debt"}}], "snapshot": {"schema_version": "1.0", "ticker": "CRWV", "company": "CoreWeave", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 89.36, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 119.38021927349604, "probability_weighted": 102.80918131345923, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 28.966920806505925, "probability": 0.3}, "base": {"fair_value": 119.38021927349604, "probability": 0.45}, "bull": {"fair_value": 269.3200426562282, "probability": 0.15}}, "monte_carlo_median": 84.1903694252234, "method": "EV/ARR less standard net debt"}, "thesis": {"pillars": ["Backlog provides demand evidence, while delivery timing determines how much becomes recognized revenue and operating cash.", "GPU-cloud scale must be assessed against debt, leases and fixed commitments rather than revenue growth alone.", "Project financing and refinancing capacity determine how much enterprise value reaches common equity."], "variant": "Strong contracted demand and common-equity attractiveness are separate questions. The valuation must carry the credit, fixed-charge and dilution burden alongside the operating growth case.", "risks": ["Customer concentration creates counterparty and renewal exposure.", "Debt maturities and lease commitments constrain financial flexibility.", "Delivery delays and additional equity compensation can erode per-share value."], "summary": "CoreWeave’s contracted demand supports a substantial growth opportunity. The investment case depends on converting backlog into cash while carrying debt, leases and refinancing needs that reduce the value available to common shareholders."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Reports-Strong-Second-Quarter-2026-Results/default.aspx", "title": "Q2 2026 results / backlog / power", "date": "2026-08-11", "category": "Company Materials", "supports": "Q2 2026 results / backlog / power", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-12", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/overview/default.aspx", "title": "Q3/FY26 outlook", "date": "2026-08-11", "category": "Company Materials", "supports": "Q3/FY26 outlook", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-Landmark-8-5-Billion-Financing-Facility-Achieving-First-Investment-Grade-Rated-GPU-backed-Financing/default.aspx", "title": "DDTL 4.0 financing", "date": "2026-03-31", "category": "Financing / Counterparty Sources", "supports": "DDTL 4.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/ex9912.htm", "title": "DDTL 5.0 financing", "date": "2026-05-18", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.0 financing", "source_type": "Primary company disclosure"}, {"url": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-2-6-Billion-Loan-Facility-Expanding-Financing-Flexibility-for-AI-Infrastructure/default.aspx", "title": "DDTL 5.5 financing", "date": "2026-08-10", "category": "Financing / Counterparty Sources", "supports": "DDTL 5.5 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000164/crwv-20260409.htm", "title": "2032 convert", "date": "2026-04-14", "category": "Financing / Counterparty Sources", "supports": "2032 convert", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1769628/000176962825000105/crwv-20251208.htm", "title": "2031 convert", "date": "2025-12-11", "category": "Financing / Counterparty Sources", "supports": "2031 convert", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "cd96ce1528e777fafd6033bc83adef8fe816702d31bf5b5c4f0fdb475b234c7c"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/CRWV"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/crwv", "model": "https://dilikogluresearch.com/crwv_model", "native_model": "https://dilikogluresearch.com/api/model/CRWV", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=CRWV"}, "model_version": "8c74e2fe1470fcccdf6821108f3ba4f76637a6328b800467ec62b9192df8eb3f"}}, {"id": "366eb7be54e6dd7dfad6c17078f1512dbd7d3b72227540e424bb88598b449c72", "ticker": "COHR", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "a428a44f4b72095775d6554ff8138595b78babf24f2f446c848077fb282bc7a9", "research_version": "c257d686f8af5eb07c223b9dea2883cc8073f8b6bb40746f8910fd6b65811b36", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 231.48155720713123, "probability_weighted": 245.9591695328772, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 23.39947607729681, "probability": 0.25}, "base": {"fair_value": 231.48155720713123, "probability": 0.45}, "bull": {"fair_value": 679.7129988517197, "probability": 0.2}}, "monte_carlo_median": 152.93113409270143, "method": "FY27–FY36 discounted FCFF plus scenario exit EV/EBIT; perpetuity FCFF cross-check"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 231.48155720713123, "probability_weighted": 245.9591695328772, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 23.39947607729681, "probability": 0.25}, "base": {"fair_value": 231.48155720713123, "probability": 0.45}, "bull": {"fair_value": 679.7129988517197, "probability": 0.2}}, "monte_carlo_median": 152.93113409270143, "method": "FY27–FY36 discounted FCFF plus scenario exit EV/EBIT; perpetuity FCFF cross-check"}}], "snapshot": {"schema_version": "1.0", "ticker": "COHR", "company": "Coherent Corp.", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 305.37, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 231.48155720713123, "probability_weighted": 245.9591695328772, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 23.39947607729681, "probability": 0.25}, "base": {"fair_value": 231.48155720713123, "probability": 0.45}, "bull": {"fair_value": 679.7129988517197, "probability": 0.2}}, "monte_carlo_median": 152.93113409270143, "method": "FY27–FY36 discounted FCFF plus scenario exit EV/EBIT; perpetuity FCFF cross-check"}, "thesis": {"summary": "Reviewed scenario research on high-speed optics growth, manufacturing returns and the funding required to capture equity value. Source anchors and analyst estimates are disclosed separately.", "pillars": ["High-speed optics is an estimated subset of Datacenter & Communications.", "Manufacturing execution must convert demand into delivered volume and cash.", "NVIDIA funding is already in the balance sheet and earns no separate valuation premium."], "risks": ["Working capital and capex absorb the operating profit from growth.", "Product qualification delays, price erosion and customer concentration.", "Debt, minority interests and funding requirements reduce equity capture."], "variant": "Optical demand alone is insufficient: manufacturing cash returns and financing determine shareholder value."}, "governance": [{"signal": "Optics demand", "trigger": "Two quarters of high-speed shipment growth below scenario plan", "action": "Lower volume and capacity utilization together."}, {"signal": "Unit economics", "trigger": "ASP erosion outpaces cost reductions; gross margin misses plan by 3 points", "action": "Rebuild cost and product-mix assumptions."}, {"signal": "Cash conversion", "trigger": "Inventory days above 180 or capex over plan by 20%", "action": "Reassess liquidity and reinvestment returns."}, {"signal": "Customer concentration / technology", "trigger": "Material cancellation, qualification delay or competing architecture loss", "action": "Reduce supported demand; do not capitalize a partnership headline."}, {"signal": "Equity capture", "trigger": "Funding shortfall or dilution not matched by cash returns", "action": "Underwrite financing terms before approving valuation."}], "sources": {"model_sources": [{"id": "fy26-release", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12"}, {"id": "nvidia-8k", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02"}, {"id": "fy26-10k", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14"}, {"id": "q4-presentation", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12"}, {"id": "technology-briefing", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://www.coherent.com/content/dam/coherent/site/en/documents/investors/investor-presentations/2026/march-17/OFC-2026-Investor%20event-deck-vf.pdf", "date": "2026-03-17"}, {"id": "investor-day-2025", "date": "2025-05-28", "title": "2025 Investor Day financial target model, slide 81 (non-GAAP objectives)", "url": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY26 results, balance sheet and FY27 Q1 outlook", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "Completed NVIDIA common-share investment", "url": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "date": "2026-03-02", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Filings", "title": "FY26 Form 10-K: audited statements, debt, awards and subsequent events", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "date": "2026-08-14", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "FY26 Q4 investor presentation", "url": "https://ir.coherent.com/static-files/2e7c67c6-226b-4114-89ca-7792a344693d", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}, {"category": "Company Materials", "title": "Technology innovation briefing — InP capacity and product roadmap", "url": "https://ir.coherent.com/static-files/4d17c747-58b8-4ed4-8a97-968c65aa2112", "date": "2026-03-17", "source_type": "Primary company disclosure", "supports": "Reported financial anchors or management roadmap. Forecasts and funding terms are DR estimates."}], "lineage": [{"input": "Reported operating anchors", "classification": "Reported", "source": "fy26-release", "treatment": "FY26 segment revenue and financial statements. Q4 segment revenue is the run-rate anchor; year-over-year Industrial comparisons include divestitures."}, {"input": "FY27 Q1 outlook", "classification": "Management guidance-commentary", "source": "fy26-release", "treatment": "Revenue range and non-GAAP margin/opex outlook are displayed separately. They are not annual forecasts or GAAP assumptions."}, {"input": "High-speed optics allocation and costs", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Allocate 65% of Q4 Datacenter & Communications to high-speed optics. Other D&C is residual; no separate CPO revenue uplift. Cost weights normalize to reported Q4 consolidated gross margin; 25% fixed and 75% volume-linked costs."}, {"input": "Volume, pricing, capacity and unit cost paths", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Scenario indexes refer to annualized Q4. High-speed delivered volume is capped by annual manufacturing bounds. Annual price erosion and cost improvements are distinct; forecast margins are outputs."}, {"input": "Cash conversion, opex, D&A, tax and capex", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Separate FY26 $0.2803bn acquired-intangible amortization from total $0.521895bn D&A. Forecast amortization uses Note 6 schedule; physical assets have capped remaining bases, 70% equipment/7 years and 30% buildings/20 years, a one-year commissioning lag, and opening CIP released 50/50 over FY27/28. Cost allocation follows reported COGS amortization share and estimated 90% factory-depreciation share. Cash capex remains scenario-driven; SBC is retained as an economic cost."}, {"input": "Equity claims", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "June 30 common shares 212.615894m issued less 16.863102m treasury = 195.752792m, aligned to June awards. Reported August count 195.832246m is a cross-check. RSUs, scenario PSU payouts, option premium and cash-settled awards remain separate. Debt principal, finance leases and pension deficit are distinct claims. No additional quarterly share proxy."}, {"input": "Completed NVIDIA issuance", "classification": "Reported", "source": "nvidia-8k", "treatment": "7.788161m common shares and $2bn gross proceeds were issued in March. Already reflected in June balances; partnership optionality earns no separate valuation premium."}, {"input": "Restricted cash and minority interests", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Restricted cash is excluded from parent liquidity. Equity bridge values it at 0/50/75/100% of $606.4m and subtracts 1/1/1/1.25x reported NCI book value. Both treatments are proxies, not subsidiary fair-value appraisals."}, {"input": "Discount rate, terminal economics and exit multiple", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Five operating years plus five transition years. Revenue growth, EBIT margin and net reinvestment converge gradually; terminal capex less physical depreciation plus incremental NWC equals NOPAT × g / ROIC. Acquired amortization is excluded from recurring replacement capital. Terminal FCFF matches the final transition economics; no sudden capex release at FY31. Primary terminal value uses FY2036 recurring EBIT (EBIT plus finite acquired-intangible amortization, with SBC retained as an expense) at 8/12/20/25x in Failure/Bear/Base/Bull, discounted to opening FY27. These DR estimates reflect stressed, slower-growth, durable-growth and stronger-growth outcomes; they are not management guidance. Perpetuity FCFF is a separate unblended cross-check. Monte Carlo exit multiples have 15% log dispersion correlated with the operating cycle."}, {"input": "Monte Carlo", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "20,000 seeded draws use the same operating, assets, financing and shareholder-value engine. Correlated price, execution, costs, working capital, credit access and award payouts; estimates also stress high-speed mix, issuance discounts and capital conversion. Paths with negative cash after the bounded operating response have zero common-equity recovery."}, {"input": "Debt maturities and credit commitments", "classification": "Reported", "source": "fy26-10k", "treatment": "Repayment schedule and instrument principal come from Note 8. June revolver availability is $664m, below $700m commitment. The $945m August facility was undrawn at August 14 and restricted to the subsidiary borrower’s permitted uses; excluded from parent funding."}, {"input": "Refinancing and available credit usage", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Refinance 0/85/100/100% of annual principal maturities above $0.5bn. Pay smaller amortization from cash. Revolver access is 0/50/100/100% of reported availability; renewal beyond FY2030 at 0/75/100/100% of scenario availability. Fees 2%; annual interest 10/8/6/5.5%. Draw only to replenish the $0.5bn reserve. New financing is not a commitment or equity-value addition. Fee PV reduces value; principal is not subtracted twice from FCFF valuation."}, {"input": "Share award payout and cash-settled awards", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "PSUs at 0/50/100/150% of reported units are DR outcomes, not verified contractual payout limits. No future grants added to shares while forecast SBC remains an economic cost. Cash SAR intrinsic value and cash RSUs are deducted dynamically; ordinary options add premium dilution only."}, {"input": "Product roadmap and manufacturing capacity", "classification": "Management guidance-commentary", "source": "technology-briefing", "treatment": "InP production doubling in calendar 2026 and 2027 supports capacity expansion directionally. Wafer/device capacity is not delivered transceiver revenue. Qualification, assembly and mix remain analyst estimates."}, {"input": "Residual common equity and distress", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Raise residual cash needs after debt at a scenario discount with 3% issuance fees and per-year availability limits. The equity-value bridge charges discounted issuance fees and below-fair-value transfer only; FCFF already includes operating deficits, so principal funding is not deducted twice. If cash remains negative after the bounded operating response, common value is zero; reserve breaches alone do not imply zero recovery. Annual equivalent share issuance is disclosed separately."}, {"input": "Leases and pensions", "classification": "Reported / Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Finance lease PV $14.233m is debt-like; payments use Note 9. Operating leases remain operating costs and are not subtracted again. $49m combined underfunded pensions are reserved against opening deployable cash and deducted once from equity value; no additional deficit payment in FCFF."}, {"input": "Evidence bands and scenario probabilities", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "10/25/45/20% scenario priors are judgment-based. Comparable product price changes and capacity execution are uncertain. The Base FY27 annual revenue is explicitly compared with the Q1 guidance midpoint; FY28 onward is not management guidance."}, {"input": "Discount-rate and equity-funding assumptions", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "WACC 13/11.5/10/9%, cost of equity WACC + 2pp, terminal ROIC 8/10/13/16%; sensitivity ranges are disclosed instead of claiming a reported beta or capital-cost forecast. Equity discounts 50/30/15/10%, per-year raise limits 0/0.5/1/2bn and 3% fees. $7.2m reserve protects cash-award settlement liquidity only; equity claims remain dynamic and are not deducted again."}, {"input": "Scenario estimate ranges", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "High-speed allocation 50–80% stress range around 65%; annual comparable-product price erosion 3–9% around 6%, before separately estimated product mix; capital spending ±20%; inventory days ±30; WACC 8–14%; minority value 0.5–2x book. These are sensitivity ranges, not confidence intervals or management targets."}, {"input": "Product mix and funding response", "classification": "Dilikoğlu Research estimate", "source": "technology-briefing", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -2.56% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability."}, {"input": "Ordinary Bear versus Failure", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Bear represents slower demand and weaker manufacturing efficiency, not simultaneous product-price collapse and a credit freeze. FY27 high-speed volume stays 1.2x versus Base 1.65x; price 0.97x and annual mix match Base, while unit cost remains 0.99x versus Base 0.95x. Slower expansion uses 10% revenue capex with $1.1/1/1/1/1bn floors. Large maturities refinance 85%, versus Base 100%; 50% revolver access is retained with 75% renewal of that reduced limit. These are DR scenario definitions, not financing commitments. Failure retains operating and credit stress. Priors and valuation discount rates are unchanged."}, {"input": "Manufacturing productivity reassessment", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -4.59% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. Base comparable high-speed cost improves 6% per year and Bull 7%; other D&C improves 3%. These DR assumptions recognize yield, process and scale improvements; Failure/Bear retain 4% high-speed cost improvement. Terminal recurring EBIT targets are 20% Base / 23% Bull, capped by achieved FY31 performance. The 2025 non-GAAP objectives (>42% gross margin, 18% opex and >24% operating margin) are contextual targets, not substituted for modeled margins. SBC stays expensed and finite amortization is modeled separately."}, {"input": "Transition growth after expansion cancellation", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free."}, {"input": "Base guidance-aligned margin bridge", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 non-GAAP gross-margin planning anchor is the Q1 guidance midpoint 40.5%; DR extensions are 41.5% FY28 and 42.5% FY29–31, meeting the dated >42% objective. Non-GAAP opex scales from Q1 midpoint $0.410bn / $2.3bn revenue to the 18% long-term objective. Reported Q4 COGS SBC $7.4m and opex SBC $46.5m establish separate revenue ratios retained as economic costs. Forecast acquired amortization is deducted separately. Implied cash-cost efficiency factors reconcile the product model to those Base planning margins and stay fixed in Monte Carlo, so price/cost shocks still change margins. This is a DR annual extrapolation and operating-efficiency requirement, not additional company guidance."}, {"input": "Base tax planning rate", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "19% cash tax planning rate uses the midpoint of Q1 non-GAAP tax guidance of 18–20%; applying it across future taxable operating profits is a DR extrapolation, not long-term company guidance."}], "model_provenance": {"command": "node scripts/build_cohr.cjs", "input_sha256": "adf75d706f66e61c72adb80362f88fa55835e459f67a086eb10e025e6790ad37"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.revenueBn", "value": 7.1182, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.priorRevenueBn", "value": 5.8101, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.dcRevenueBn", "value": 5.2746, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.industrialRevenueBn", "value": 1.8436, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4DcBn", "value": 1.615, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4IndustrialBn", "value": 0.4305, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4GrossMargin", "value": 0.385, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cogsBn", "value": 4.4491, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.rdBn", "value": 0.723, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.sgaBn", "value": 1.0446, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cfoBn", "value": 0.0795, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashCapexBn", "value": 1.1029, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashBn", "value": 1.162, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.investmentsBn", "value": 0.825, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.restrictedCashBn", "value": 0.606378, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtCarryingBn", "value": 3.222224, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtCurrentBn", "value": 0.007916, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.nciBookBn", "value": 0.334705, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.receivablesBn", "value": 1.3433, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.inventoryBn", "value": 2.581, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.payablesBn", "value": 1.9054, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.quarterDilutedSharesBn", "value": 0.2022, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.quarterBasicSharesBn", "value": 0.1957, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.preferredBalanceBn", "value": 0, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.nvidiaIssuedSharesM", "value": 7.788161, "classification": "Reported", "source": "nvidia-8k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.nvidiaGrossProceedsBn", "value": 2, "classification": "Reported", "source": "nvidia-8k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526084366/d42735d8k.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.daBn", "value": 0.521895, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.capitalPayablesBn", "value": 0.371779, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ordinarySharesBn", "value": 0.195752792, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Arithmetic from reported components; not a separately reported company metric.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtPrincipalBn", "value": 3.257482, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.rsuSharesBn", "value": 0.002406714, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.psuSharesBn", "value": 0.002397885, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.optionSharesBn", "value": 0.000376536, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.optionStrike", "value": 39.1, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashSarUnitsBn", "value": 1.6438e-05, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashSarStrike", "value": 36.08, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cashRsuUnitsBn", "value": 8.846e-06, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.revolverAvailableBn", "value": 0.664, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.foreignFacilityCommitmentBn", "value": 0.945, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.intangibleAmortizationBn", "value": 0.2803, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.intangibleCogsAmortizationBn", "value": 0.1112, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ppeNetBn", "value": 2.999343, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.landBn", "value": 0.058996, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.constructionInProgressBn", "value": 0.776511, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.finiteIntangiblesBn", "value": 2.454474, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Arithmetic from reported components; not a separately reported company metric.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.financeLeaseBn", "value": 0.014233, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.pensionDeficitBn", "value": 0.049, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Arithmetic from reported components; not a separately reported company metric.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.subsequentOrdinarySharesBn", "value": 0.195832246, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4CogsSbcBn", "value": 0.0074, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q4OpexSbcBn", "value": 0.0465, "classification": "Reported", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Reported value, converted to model units; quarterly values may be rounded.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1RevenueLowBn", "value": 2.2, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1RevenueHighBn", "value": 2.4, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapGmLow", "value": 0.395, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapGmHigh", "value": 0.415, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapOpexLowBn", "value": 0.4, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapOpexHighBn", "value": 0.42, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapGrossMarginThreshold", "value": 0.42, "classification": "Management guidance-commentary", "source": "investor-day-2025", "sourceUrl": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf", "note": "Dated non-GAAP long-term objective; threshold values are not GAAP forecasts.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapOpexRatio", "value": 0.18, "classification": "Management guidance-commentary", "source": "investor-day-2025", "sourceUrl": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf", "note": "Dated non-GAAP long-term objective; threshold values are not GAAP forecasts.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapOperatingMarginThreshold", "value": 0.24, "classification": "Management guidance-commentary", "source": "investor-day-2025", "sourceUrl": "https://www.coherent.com/content/dam/coherent/site/en/images/photography/investor-relations/coherent-investor-day-full-deck-vf-v4.pdf", "note": "Dated non-GAAP long-term objective; threshold values are not GAAP forecasts.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapTaxLow", "value": 0.18, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q1NonGaapTaxHigh", "value": 0.2, "classification": "Management guidance-commentary", "source": "fy26-release", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000119312526346860/d128030dex991.htm", "note": "Quarterly management outlook, not an annual forecast.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.highSpeedShareOfDc", "value": 0.65, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.highSpeedCostWeight", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.fixedCostShare", "value": 0.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.minimumCashBn", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeFY27.0", "value": 0.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeFY27.1", "value": 0.85, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeFY27.2", "value": 0.85, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceFY27.0", "value": 0.75, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceFY27.1", "value": 0.92, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceFY27.2", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeGrowth.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeGrowth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.volumeGrowth.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capacityFY27", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capacityGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostFY27.0", "value": 1.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostFY27.1", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostFY27.2", "value": 1.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostChange.0", "value": -0.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostChange.1", "value": -0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.opexRatio", "value": 0.24, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.22, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.16, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.1", "value": 0.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.2", "value": 0.7, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.3", "value": 0.6, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexFloorBn.4", "value": 0.6, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 200, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalMargin", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.restrictedCashValueFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.nciValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.psuPayoutFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.refinanceFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverAccessFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverRenewalFactor", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.fundingInterestRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.equityIssueDiscount", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.equityRaiseLimitBn", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.costOfEquity", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixPriceChange.0", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixCostChange.0", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeFY27.0", "value": 1.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeFY27.1", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeFY27.2", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceFY27.0", "value": 0.97, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceFY27.1", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceFY27.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeGrowth.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeGrowth.1", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.volumeGrowth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capacityFY27", "value": 1.4, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capacityGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostFY27.0", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostFY27.1", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostFY27.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostChange.0", "value": -0.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostChange.1", "value": -0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.opexRatio", "value": 0.225, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.22, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.1", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.3", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexFloorBn.4", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 180, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalMargin", "value": 0.12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.restrictedCashValueFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.nciValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.psuPayoutFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.refinanceFraction", "value": 0.85, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverAccessFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverRenewalFactor", "value": 0.75, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.fundingInterestRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.equityIssueDiscount", "value": 0.3, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.equityRaiseLimitBn", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.costOfEquity", "value": 0.135, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixPriceChange.0", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixCostChange.0", "value": 0.015, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeFY27.0", "value": 1.65, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeFY27.1", "value": 1.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeFY27.2", "value": 1.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceFY27.0", "value": 0.97, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceFY27.1", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceFY27.2", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeGrowth.0", "value": 0.23, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeGrowth.1", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.volumeGrowth.2", "value": 0.04, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capacityFY27", "value": 1.8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capacityGrowth", "value": 0.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostFY27.0", "value": 0.95, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostFY27.1", "value": 0.98, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostFY27.2", "value": 0.99, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.opexRatio", "value": 0.21, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.19, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.14, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.0", "value": 1.6, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.1", "value": 1.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.2", "value": 2.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.3", "value": 2.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexFloorBn.4", "value": 2.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 150, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalMargin", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.13, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.restrictedCashValueFactor", "value": 0.75, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nciValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.psuPayoutFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.refinanceFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverAccessFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverRenewalFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.fundingInterestRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.equityIssueDiscount", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.equityRaiseLimitBn", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.costOfEquity", "value": 0.12000000000000001, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixPriceChange.0", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixCostChange.0", "value": 0.015, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.0", "value": 0.405, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.1", "value": 0.415, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.2", "value": 0.425, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.3", "value": 0.425, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapGrossMarginPath.4", "value": 0.425, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.0", "value": 0.1782608695652174, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.1", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.2", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.3", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.nonGaapOpexRatioPath.4", "value": 0.18, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.0", "value": 0.9983279048204245, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.1", "value": 0.9625604515516727, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.2", "value": 0.9340951920245395, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.3", "value": 0.9261410120936745, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cashCostEfficiency.4", "value": 0.9221534813547193, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeFY27.0", "value": 2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeFY27.1", "value": 1.12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeFY27.2", "value": 1.08, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceFY27.0", "value": 1.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceFY27.1", "value": 1.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceFY27.2", "value": 1.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeGrowth.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeGrowth.1", "value": 0.07, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.volumeGrowth.2", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceChange.0", "value": -0.06, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.priceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capacityFY27", "value": 2.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capacityGrowth", "value": 0.32, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostFY27.0", "value": 0.92, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostFY27.1", "value": 0.97, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostFY27.2", "value": 0.98, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostChange.0", "value": -0.07, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostChange.1", "value": -0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.unitCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.opexRatio", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.22, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.13, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.0", "value": 1.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.1", "value": 2.4, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.2", "value": 2.8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.3", "value": 3.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexFloorBn.4", "value": 3.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalMargin", "value": 0.23, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.16, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.restrictedCashValueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.nciValueFactor", "value": 1.25, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.psuPayoutFactor", "value": 1.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.refinanceFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverAccessFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverRenewalFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.fundingInterestRate", "value": 0.055, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.equityIssueDiscount", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.equityRaiseLimitBn", "value": 2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.costOfEquity", "value": 0.11, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixPriceChange.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixPriceChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixPriceChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixCostChange.0", "value": 0.025, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixCostChange.1", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.mixCostChange.2", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.fundingFeeRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.transitionYears", "value": 5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.equityFeeRate", "value": 0.03, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.claimCashReserveBn", "value": 0.049, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.cashAwardLiquidityReserveBn", "value": 0.0072, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.responseExpansionCuts.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.responseExpansionCuts.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.cogsSbcRatio", "value": 0.0036176973845025665, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.opexSbcRatio", "value": 0.022732828159374236, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.0", "value": 0.277273, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.1", "value": 0.242596, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.2", "value": 0.274005, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.3", "value": 0.251941, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.intangibleAmortizationBn.4", "value": 0.240404, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.0", "value": 0.002847, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.1", "value": 0.002925, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.2", "value": 0.003006, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.3", "value": 0.003088, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.4", "value": 0.003173, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeasePaymentsBn.5", "value": 0.001521, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.financeLeaseRate", "value": 0.056, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Disclosed amortization or lease schedule / weighted-average lease rate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.equipmentShare", "value": 0.7, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.equipmentLife", "value": 7, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.buildingLife", "value": 20, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.commissioningLagYears", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.openingCipReleaseShares.0", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.openingCipReleaseShares.1", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.depreciationCogsShare", "value": 0.9, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.cashToAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "assetSchedule.amortizationCogsShare", "value": 0.39671780235462, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.seed", "value": 20260913, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.pricingSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.executionSigma", "value": 0.16, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.costSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.capexSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.waccSigma", "value": 0.005, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.workingCapitalDaysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.cycleExecutionCorrelation", "value": 0.5, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.financingSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.awardPayoutSigma", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.mixSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.capitalConversionSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.issuanceDiscountSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.equityCapacitySigma", "value": 0.2, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.annualPriceChangeSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalMarginSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.002, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalRoicSigma", "value": 0.005, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.minorityValueSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.restrictedValueSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.productMixSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.exitMultipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.0", "value": 0.007916, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.1", "value": 0.034375, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.2", "value": 0.093629, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.3", "value": 2.135625, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.principalRepaymentsBn.4", "value": 0.985937, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.0.principalBn", "value": 1.140625, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.1.principalBn", "value": 1.08, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.2.principalBn", "value": 0.99, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.3.principalBn", "value": 0.028004, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.4.principalBn", "value": 0.004791, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.instruments.5.principalBn", "value": 0.014062, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.issuanceDiscountBn", "value": 0.035258, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.revolverCommitmentBn", "value": 0.7, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.revolverAvailableBn", "value": 0.664, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.foreignFacility.commitmentBn", "value": 0.945, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.foreignFacility.drawnAt20260814Bn", "value": 0, "classification": "Reported", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Reported debt principal, repayment schedule or credit commitment; an undrawn facility is not cash.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.foreignFacility.baselineUseBn", "value": 0, "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "note": "Source provides context; value or model treatment is a DR estimate.", "model_as_of": "2026-09-13", "unit": null, "unit_context": null, "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Reported operating anchors", "classification": "Reported", "source": "fy26-release", "treatment": "FY26 segment revenue and financial statements. Q4 segment revenue is the run-rate anchor; year-over-year Industrial comparisons include divestitures."}, {"input": "FY27 Q1 outlook", "classification": "Management guidance-commentary", "source": "fy26-release", "treatment": "Revenue range and non-GAAP margin/opex outlook are displayed separately. They are not annual forecasts or GAAP assumptions."}, {"input": "High-speed optics allocation and costs", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Allocate 65% of Q4 Datacenter & Communications to high-speed optics. Other D&C is residual; no separate CPO revenue uplift. Cost weights normalize to reported Q4 consolidated gross margin; 25% fixed and 75% volume-linked costs."}, {"input": "Volume, pricing, capacity and unit cost paths", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Scenario indexes refer to annualized Q4. High-speed delivered volume is capped by annual manufacturing bounds. Annual price erosion and cost improvements are distinct; forecast margins are outputs."}, {"input": "Cash conversion, opex, D&A, tax and capex", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Separate FY26 $0.2803bn acquired-intangible amortization from total $0.521895bn D&A. Forecast amortization uses Note 6 schedule; physical assets have capped remaining bases, 70% equipment/7 years and 30% buildings/20 years, a one-year commissioning lag, and opening CIP released 50/50 over FY27/28. Cost allocation follows reported COGS amortization share and estimated 90% factory-depreciation share. Cash capex remains scenario-driven; SBC is retained as an economic cost."}, {"input": "Equity claims", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "June 30 common shares 212.615894m issued less 16.863102m treasury = 195.752792m, aligned to June awards. Reported August count 195.832246m is a cross-check. RSUs, scenario PSU payouts, option premium and cash-settled awards remain separate. Debt principal, finance leases and pension deficit are distinct claims. No additional quarterly share proxy."}, {"input": "Completed NVIDIA issuance", "classification": "Reported", "source": "nvidia-8k", "treatment": "7.788161m common shares and $2bn gross proceeds were issued in March. Already reflected in June balances; partnership optionality earns no separate valuation premium."}, {"input": "Restricted cash and minority interests", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Restricted cash is excluded from parent liquidity. Equity bridge values it at 0/50/75/100% of $606.4m and subtracts 1/1/1/1.25x reported NCI book value. Both treatments are proxies, not subsidiary fair-value appraisals."}, {"input": "Discount rate, terminal economics and exit multiple", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "Five operating years plus five transition years. Revenue growth, EBIT margin and net reinvestment converge gradually; terminal capex less physical depreciation plus incremental NWC equals NOPAT × g / ROIC. Acquired amortization is excluded from recurring replacement capital. Terminal FCFF matches the final transition economics; no sudden capex release at FY31. Primary terminal value uses FY2036 recurring EBIT (EBIT plus finite acquired-intangible amortization, with SBC retained as an expense) at 8/12/20/25x in Failure/Bear/Base/Bull, discounted to opening FY27. These DR estimates reflect stressed, slower-growth, durable-growth and stronger-growth outcomes; they are not management guidance. Perpetuity FCFF is a separate unblended cross-check. Monte Carlo exit multiples have 15% log dispersion correlated with the operating cycle."}, {"input": "Monte Carlo", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "20,000 seeded draws use the same operating, assets, financing and shareholder-value engine. Correlated price, execution, costs, working capital, credit access and award payouts; estimates also stress high-speed mix, issuance discounts and capital conversion. Paths with negative cash after the bounded operating response have zero common-equity recovery."}, {"input": "Debt maturities and credit commitments", "classification": "Reported", "source": "fy26-10k", "treatment": "Repayment schedule and instrument principal come from Note 8. June revolver availability is $664m, below $700m commitment. The $945m August facility was undrawn at August 14 and restricted to the subsidiary borrower’s permitted uses; excluded from parent funding."}, {"input": "Refinancing and available credit usage", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Refinance 0/85/100/100% of annual principal maturities above $0.5bn. Pay smaller amortization from cash. Revolver access is 0/50/100/100% of reported availability; renewal beyond FY2030 at 0/75/100/100% of scenario availability. Fees 2%; annual interest 10/8/6/5.5%. Draw only to replenish the $0.5bn reserve. New financing is not a commitment or equity-value addition. Fee PV reduces value; principal is not subtracted twice from FCFF valuation."}, {"input": "Share award payout and cash-settled awards", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "PSUs at 0/50/100/150% of reported units are DR outcomes, not verified contractual payout limits. No future grants added to shares while forecast SBC remains an economic cost. Cash SAR intrinsic value and cash RSUs are deducted dynamically; ordinary options add premium dilution only."}, {"input": "Product roadmap and manufacturing capacity", "classification": "Management guidance-commentary", "source": "technology-briefing", "treatment": "InP production doubling in calendar 2026 and 2027 supports capacity expansion directionally. Wafer/device capacity is not delivered transceiver revenue. Qualification, assembly and mix remain analyst estimates."}, {"input": "Residual common equity and distress", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Raise residual cash needs after debt at a scenario discount with 3% issuance fees and per-year availability limits. The equity-value bridge charges discounted issuance fees and below-fair-value transfer only; FCFF already includes operating deficits, so principal funding is not deducted twice. If cash remains negative after the bounded operating response, common value is zero; reserve breaches alone do not imply zero recovery. Annual equivalent share issuance is disclosed separately."}, {"input": "Leases and pensions", "classification": "Reported / Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Finance lease PV $14.233m is debt-like; payments use Note 9. Operating leases remain operating costs and are not subtracted again. $49m combined underfunded pensions are reserved against opening deployable cash and deducted once from equity value; no additional deficit payment in FCFF."}, {"input": "Evidence bands and scenario probabilities", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "10/25/45/20% scenario priors are judgment-based. Comparable product price changes and capacity execution are uncertain. The Base FY27 annual revenue is explicitly compared with the Q1 guidance midpoint; FY28 onward is not management guidance."}, {"input": "Discount-rate and equity-funding assumptions", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "WACC 13/11.5/10/9%, cost of equity WACC + 2pp, terminal ROIC 8/10/13/16%; sensitivity ranges are disclosed instead of claiming a reported beta or capital-cost forecast. Equity discounts 50/30/15/10%, per-year raise limits 0/0.5/1/2bn and 3% fees. $7.2m reserve protects cash-award settlement liquidity only; equity claims remain dynamic and are not deducted again."}, {"input": "Scenario estimate ranges", "classification": "Dilikoğlu Research estimate", "source": "q4-presentation", "treatment": "High-speed allocation 50–80% stress range around 65%; annual comparable-product price erosion 3–9% around 6%, before separately estimated product mix; capital spending ±20%; inventory days ±30; WACC 8–14%; minority value 0.5–2x book. These are sensitivity ranges, not confidence intervals or management targets."}, {"input": "Product mix and funding response", "classification": "Dilikoğlu Research estimate", "source": "technology-briefing", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -2.56% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability."}, {"input": "Ordinary Bear versus Failure", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "Bear represents slower demand and weaker manufacturing efficiency, not simultaneous product-price collapse and a credit freeze. FY27 high-speed volume stays 1.2x versus Base 1.65x; price 0.97x and annual mix match Base, while unit cost remains 0.99x versus Base 0.95x. Slower expansion uses 10% revenue capex with $1.1/1/1/1/1bn floors. Large maturities refinance 85%, versus Base 100%; 50% revolver access is retained with 75% renewal of that reduced limit. These are DR scenario definitions, not financing commitments. Failure retains operating and credit stress. Priors and valuation discount rates are unchanged."}, {"input": "Manufacturing productivity reassessment", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 delivered high-speed volume +65% versus annualized Q4, capacity +80%. Comparable-product price erosion remains 6%; annual product-mix price uplift is 0/3/3/5% and associated unit-cost uplift is 0/1.5/1.5/2.5% across Failure/Bear/Base/Bull. Base net basket pricing changes by -3.18% and unit cost by -4.59% annually. These are DR estimates motivated by the higher-speed roadmap, not disclosed ASP or cost guidance. No separate CPO/OCS premium. Base comparable high-speed cost improves 6% per year and Bull 7%; other D&C improves 3%. These DR assumptions recognize yield, process and scale improvements; Failure/Bear retain 4% high-speed cost improvement. Terminal recurring EBIT targets are 20% Base / 23% Bull, capped by achieved FY31 performance. The 2025 non-GAAP objectives (>42% gross margin, 18% opex and >24% operating margin) are contextual targets, not substituted for modeled margins. SBC stays expensed and finite amortization is modeled separately."}, {"input": "Transition growth after expansion cancellation", "classification": "Dilikoğlu Research estimate", "source": "fy26-10k", "treatment": "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free."}, {"input": "Base guidance-aligned margin bridge", "classification": "Dilikoğlu Research estimate", "source": "investor-day-2025", "treatment": "Base FY27 non-GAAP gross-margin planning anchor is the Q1 guidance midpoint 40.5%; DR extensions are 41.5% FY28 and 42.5% FY29–31, meeting the dated >42% objective. Non-GAAP opex scales from Q1 midpoint $0.410bn / $2.3bn revenue to the 18% long-term objective. Reported Q4 COGS SBC $7.4m and opex SBC $46.5m establish separate revenue ratios retained as economic costs. Forecast acquired amortization is deducted separately. Implied cash-cost efficiency factors reconcile the product model to those Base planning margins and stay fixed in Monte Carlo, so price/cost shocks still change margins. This is a DR annual extrapolation and operating-efficiency requirement, not additional company guidance."}, {"input": "Base tax planning rate", "classification": "Dilikoğlu Research estimate", "source": "fy26-release", "treatment": "19% cash tax planning rate uses the midpoint of Q1 non-GAAP tax guidance of 18–20%; applying it across future taxable operating profits is a DR extrapolation, not long-term company guidance."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/COHR"}, "model_note": "Reviewed DR scenario baseline at opening FY27; information reviewed through September 13. Product economics, financing terms and recovery outcomes remain estimates. Source review and sensitivity ranges are disclosed. No recommendation assigned.", "limitations": ["Product-level price, cost, mix and physical capacity are DR estimates; scenario uncertainty is not eliminated by publication.", "Valuation is at June 30/opening FY27 with a September 13 information cutoff. Common shares and awards use the same June date; subsequent ordinary-share count is disclosed as a cross-check.", "NCI uses a disclosed book-value multiple proxy; the subsidiary’s fair value is not separately reported. Restricted cash is excluded from parent funding.", "Annual funding approximates intra-year cash needs. A springing-maturity stress advances major refinancing by one year; this is not a daily legal covenant test.", "A shortfall against the $0.5bn cash reserve is disclosed separately from negative cash. Before assigning zero common recovery to a cash shortfall, the model tests cancellation of 15% then 30% of discretionary expansion spending from the first negative-cash operating year; physical depreciation is protected and subsequent capacity growth falls by the same fraction. No assumed asset-sale proceeds or additional credit. Remaining negative-cash paths receive a conservative zero-common-recovery outcome, not an estimated default probability. A FY31 expansion cancellation also reduces FY32 high-speed revenue growth by the cancelled fraction, with the lost revenue level carried through later transition years; it cannot preserve the original growth path for free.", "Asset commissioning, useful lives and cash-to-asset conversion are estimated. Acquired-intangible amortization follows the disclosed schedule separately.", "No recommendation is assigned. Portfolio Analytics has separately disclosed dated price and DR evidence inputs."], "links": {"coverage": "https://dilikogluresearch.com/coverage/cohr", "model": "https://dilikogluresearch.com/cohr_model", "native_model": "https://dilikogluresearch.com/api/model/COHR", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=COHR"}, "model_version": "a428a44f4b72095775d6554ff8138595b78babf24f2f446c848077fb282bc7a9"}}, {"id": "4e713a56586530c6b552d7f096038b2c73ec84e50ad57945065c3440d2e72a92", "ticker": "AEHR", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-20", "model_version": "2d744a662163cc991103ba8dc0738af92918a7f040af3eabc3177826908e2114", "research_version": "9ee8b578fdd3afc8f01a37e0caa6658d1bcd38203d9255783648a45b5a33e3d6", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 77.59176475128686, "probability_weighted": 86.95644848076564, "scenarios": {"failure": {"fair_value": 0.5376660889675025, "probability": 0.1}, "bear": {"fair_value": 11.856924115454849, "probability": 0.25}, "base": {"fair_value": 77.59176475128686, "probability": 0.45}, "bull": {"fair_value": 245.11078352463045, "probability": 0.2}}, "monte_carlo_median": 50.75495793529254, "method": "Remaining FY2027–FY2036 cash flows plus exit EV/EBIT; finite awards / tax shield; perpetuity FCFF cross-check"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 77.59176475128686, "probability_weighted": 86.95644848076564, "scenarios": {"failure": {"fair_value": 0.5376660889675025, "probability": 0.1}, "bear": {"fair_value": 11.856924115454849, "probability": 0.25}, "base": {"fair_value": 77.59176475128686, "probability": 0.45}, "bull": {"fair_value": 245.11078352463045, "probability": 0.2}}, "monte_carlo_median": 50.75495793529254, "method": "Remaining FY2027–FY2036 cash flows plus exit EV/EBIT; finite awards / tax shield; perpetuity FCFF cross-check"}}], "snapshot": {"schema_version": "1.0", "ticker": "AEHR", "company": "Aehr Test Systems", "currency": "USD", "model_as_of": "2026-09-20", "valuation_date": "2026-09-18", "valuation_horizon": null, "reference_price": {"value": 93.49, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 77.59176475128686, "probability_weighted": 86.95644848076564, "scenarios": {"failure": {"fair_value": 0.5376660889675025, "probability": 0.1}, "bear": {"fair_value": 11.856924115454849, "probability": 0.25}, "base": {"fair_value": 77.59176475128686, "probability": 0.45}, "bull": {"fair_value": 245.11078352463045, "probability": 0.2}}, "monte_carlo_median": 50.75495793529254, "method": "Remaining FY2027–FY2036 cash flows plus exit EV/EBIT; finite awards / tax shield; perpetuity FCFF cross-check"}, "thesis": {"summary": "Aehr’s opportunity is to convert AI and photonics qualification into accepted equipment and contactor sales. This guidance-aligned scenario model values cash conversion and long-term adoption, with explicit estimates for the fiscal transition, compensation and working capital.", "pillars": ["Existing and new AI, photonics, power and memory forecasts reconcile to systems, consumables and services.", "FY2027 Base uses revenue guidance midpoint and the call’s explicit pretax profitability midpoint; source wording conflict is disclosed.", "Backlog conversion, customer concentration and working capital determine shareholder cash returns."], "risks": ["Production qualification or customer acceptance delays revenue.", "Burn-in intensity, competing solutions or reduced sampling weaken repeat demand.", "Market expectations require sustained growth beyond the next year’s guidance."], "variant": "Booked orders support delivery visibility; they do not eliminate customer, technology or valuation risk."}, "governance": [{"signal": "FY2027 revenue", "trigger": "Below $130m guide floor or repeated acceptance delays", "action": "Review backlog conversion, collections and scenario weights"}, {"signal": "Profit conversion", "trigger": "Non-GAAP pretax margin below 18% despite guide-level revenue", "action": "Rebuild gross margin, opex and SBC bridge"}, {"signal": "Order replacement", "trigger": "Two quarters of book-to-bill below 1 or material cancellation", "action": "Lower delivery and consumables growth assumptions"}, {"signal": "Working capital", "trigger": "Receivables >110 days or inventory >220 days at scale", "action": "Stress cash conversion and funding availability"}, {"signal": "Technology adoption", "trigger": "Pilot programs fail to reach production; burn-in intensity declines", "action": "Remove uncontracted platform expansion assumptions"}, {"signal": "Customer / financing risk", "trigger": "Material customer default, repeated dilution or cash below reserve", "action": "Reassess going-concern funding and downside equity value"}], "sources": {"model_sources": [{"id": "fy26-10k", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"id": "fy26-results", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"id": "fiscal-calendar", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"id": "aug-order", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"id": "photonics", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"id": "price", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"id": "price-check", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"id": "fy26-call", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Form 10-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "date": "2026-07-27", "source_type": "Primary company disclosure", "supports": "Audited financial statements; product revenues; awards; taxes; customer concentration; fully used ATM"}, {"category": "Company Materials", "title": "FY2026 results and FY2027 outlook", "url": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "date": "2026-07-14", "source_type": "Primary company disclosure", "supports": "FY2027 revenue and non-GAAP net-income margin guidance; backlog"}, {"category": "Company Filings", "title": "Fiscal calendar change — April 2026 Form 8-K", "url": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426003310/aehr_8k.htm", "date": "2026-04-07", "source_type": "Primary company disclosure", "supports": "May 30–June 26 transition period; FY2027 June 27, 2026–June 25, 2027"}, {"category": "Company Materials", "title": "$22m AI wafer-level follow-on order", "url": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "date": "2026-08-12", "source_type": "Primary company disclosure", "supports": "Booked order and intended six-month shipment window; no customer identity inferred"}, {"category": "Company Materials", "title": "Silicon photonics follow-on order", "url": "https://www.aehr.com/2026/08/aehr-test-systems-expands-silicon-photonics-production-momentum-with-follow-on-production-order-from-lead-customer/", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Undisclosed order amount; first-half calendar 2027 shipment expectation"}, {"category": "Industry / Market Data", "title": "AEHR historical regular-session close", "url": "https://stockanalysis.com/stocks/aehr/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Frozen $93.49 close; cross-checked against ChartExchange daily history"}, {"category": "Industry / Market Data", "title": "AEHR daily price cross-check", "url": "https://chartexchange.com/symbol/nasdaq-aehr/historical/", "date": "2026-09-18", "source_type": "Market data", "supports": "Daily historical row confirms $93.49; intraday header is not the closing auction"}, {"category": "Company Materials", "title": "FY2026 management earnings call — prepared remarks and Q&A", "url": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "date": "2026-07-14", "source_type": "Management remarks via third-party transcript", "supports": "Explicit pretax margin basis; indicative product pricing and mix; Q2 cadence; customer adoption and conditional manufacturing capacity. Third-party transcript of management remarks."}], "lineage": [{"input": "Reported financial anchors and claims", "classification": "Reported", "treatment": "FY2026 audited May 29 financial statements. July 20 ordinary shares are the latest count located; May awards require a DR post-period vesting bridge. Restricted cash is excluded. ATM cash and issued shares are already in the balance sheet."}, {"input": "FY2027 management outlook", "classification": "Management guidance-commentary", "treatment": "Revenue $130–150m; CEO and CFO explicitly state pretax non-GAAP profitability of 18–22%. The filed release says net income without specifying pretax. Base adopts the explicit call basis; the after-tax reading is separately sensitized. No tax gross-up in the primary EBIT bridge. Interest and adjusted tax rates remain DR estimates."}, {"input": "Fiscal timing and opening cash", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 runs June 27, 2026–June 25, 2027. The prior 28-day stub is separate. September 18 cash and working capital are estimated by bridging May statements through the stub and 83/91 of a DR Q1 forecast. Elapsed cash flows are not valued again. Fixed costs, depreciation, award expense and interest use elapsed calendar time; revenue uses the seasonal quarterly ramp."}, {"input": "Orders and customer forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "May backlog plus $20m subsequent bookings underlying July effective backlog plus the separate August $22m order support the order bridge. These are gross dated observations, not a current net backlog. FY2027 bookings include those post-May orders; neither they nor the $41m April order are added again. Unpriced photonics orders, pilot tests and customer capacity forecasts are not guaranteed revenue."}, {"input": "Product economics and cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Six mutually exclusive end-market/program revenue paths include systems, initial and repeat consumables and services. They are partitioned into reported product categories, never added on top. FY2027 Base: $50m package AI, $48m existing wafer AI, $24.5m photonics, $17.5m power/other, zero new AI and memory. This reconciles 70% AI, 17.5% photonics and ~30% consumables commentary. All future cohort amounts, product allocations and margins are DR estimates. No unnamed customer identity is inferred. Power/other includes residual service revenue. Orders are not additional revenue."}, {"input": "SBC, awards and tax assets", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution and their remaining noncash expense is added back. Future SBC remains a cash-equivalent economic cost, not an extra share reserve. SAR and unpaid issuance liabilities are excluded from operating working capital and paid once in the interim bridge. Tax assets reduce forecast cash taxes subject to a recovery estimate; no separate DTA addition to equity."}, {"input": "Terminal value, scenarios and Monte Carlo", "classification": "Dilikoğlu Research estimate", "treatment": "Ten fiscal years to FY2036 with a five-year growth normalization. Primary terminal value is recurring economic EBIT after future SBC at 8/12/20/25x for Failure/Bear/Base/Bull. Sector valuation inputs match COHR: WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%; all are DR judgments. Perpetuity FCFF is a separate unblended cross-check. AEHR operating paths remain company-specific. Exit multiples have 15% log dispersion correlated with demand; other simulation distributions remain AEHR-specific."}, {"input": "Customer adoption forecast", "classification": "Dilikoğlu Research estimate", "treatment": "Base existing AI programs expand with device ramps; new AI wafer production begins FY2028 after pilot acceptance. Memory is zero through FY2028, then $5m/$15m/$30m in FY2029–31 conditional on a sponsored development program. Bull permits earlier adoption; Bear/Failure include no memory revenue. These are conditional forecasts, not management multi-year guidance. Package growth assumes second-device expansion; wafer growth does not additionally count conversion of the same package device. Qualification failures require cohort removal."}, {"input": "Pricing and capacity cross-check", "classification": "Management guidance-commentary", "treatment": "Management described ~$600–700k Sonoma bundles including consumables, ~$5m FOX bundles, roughly $50m FY2027 package revenue, and conditional capacity around 20 external Sonoma and 20 internal FOX systems per month. Revenue / bundle ASP is an illustrative bundle-equivalent diagnostic: separate consumables and services mean it is not a shipment forecast. Manufacturing capacity is not demand or a revenue commitment. Hiring, supplier availability and customer forecasts are required."}, {"input": "Base forecast calibration and delivery conditions", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 package revenue uses the approximate $50m call anchor; existing wafer AI is 70% of $140m less package revenue; photonics uses the 17.5% midpoint; power/other is the residual. Through FY2031, DR existing package/wafer forecasts reach $145m/$160m as second-device and existing-program ramps recur. New AI contributes $110m only after successful pilot conversion; photonics $95m assumes repeated optical deployments; power/other $42m assumes gradual recovery; memory $30m requires development sponsorship. These dollar paths are analyst scenario judgments, not quantities disclosed by management. At illustrative call pricing, FY2031 Base revenue corresponds to ~223 Sonoma bundles and ~87 FOX bundles if all respective revenue were bundled system sales; repeat consumables reduce implied system needs. Near-term capacity is only a feasibility check. Bull requires further package capacity or higher-value configurations; neither is committed. No capacity figure is added to forecast demand."}], "model_provenance": {"command": "node scripts/build_aehr.cjs", "input_sha256": "800c2ad7dc438c87a8067247c7456e8aa1deb9307e77ad6a360f5c931e2493cb", "engine_sha256": "a8d06c5c7fb972c7e77f1a17f041bbfce6547c5471732f27ce356e6c7833d72e"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.fy26Revenue", "value": 0.050001, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.fy25Revenue", "value": 0.058968, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.fy24Revenue", "value": 0.066218, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.productRevenue.0", "value": 0.028669, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.productRevenue.1", "value": 0.014887, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.productRevenue.2", "value": 0.006445, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.costOfRevenue", "value": 0.03235, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.rd", "value": 0.012633, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.sga", "value": 0.019161, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.ebit", "value": -0.014149, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.netIncome", "value": -0.007126, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.cfo", "value": -0.00331, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.capex", "value": 0.002066, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.sbc", "value": 0.006761, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.da", "value": 0.002799, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.cash", "value": 0.116358, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.restrictedCash", "value": 0.00015, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.receivables", "value": 0.017473, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.inventory", "value": 0.041354, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.prepaidAssets", "value": 0.009263, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.payables", "value": 0.006754, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.accruals", "value": 0.005283, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.deferredRevenue", "value": 0.005226, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.ppe", "value": 0.00894, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.intangibles", "value": 0.009552, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.deferredTaxAssets", "value": 0.023829, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.leaseLiability", "value": 0.009882, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.fundedDebt", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.mayShares", "value": 0.03248, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.julyShares", "value": 0.03262045, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.rsus", "value": 0.000707, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.maximumExtraPerformanceShares", "value": 7.1e-05, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.options", "value": 0.000316, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.optionStrike", "value": 5.11, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.unrecognizedAwardExpense", "value": 0.0089, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.awardYears", "value": 2.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.sarLiability", "value": 0.0006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.issuancePayable", "value": 0.000296, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.atmNetCash", "value": 0.097395, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.backlog", "value": 0.0806, "classification": "Reported", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.effectiveBacklog", "value": 0.1006, "classification": "Reported", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.augustOrder", "value": 0.022, "classification": "Reported", "sourceUrl": "https://www.aehr.com/2026/08/aehr-receives-22-million-follow-on-order-for-ai-processor-wafer-level-burn-in-systems/", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.q4Revenue", "value": 0.018835, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.topCustomerShare", "value": 0.263, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.0", "value": 0.001183, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.1", "value": 0.000981, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.2", "value": 0.000939, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.3", "value": 0.000939, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.4", "value": 0.000939, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "actual.amortization.5", "value": 0.004571, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "Dated disclosure converted to USD billions / billion shares where applicable. May 29 financials; July 20 common count; order dates differ. Amortization thereafter is an aggregate.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.revenueLow", "value": 0.13, "classification": "Management guidance-commentary", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.revenueHigh", "value": 0.15, "classification": "Management guidance-commentary", "sourceUrl": "https://www.aehr.com/2026/07/aehr-test-systems-reports-fiscal-2026-fourth-quarter-and-full-year-financial-results-with-record-quarterly-bookings-and-100-million-effective-backlog/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.pretaxMarginLow", "value": 0.18, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "guidance.pretaxMarginHigh", "value": 0.22, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "FY2027 outlook. Margin uses explicit pretax call wording; filed release omits pretax. Alternative interpretation is sensitized.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.sonomaFy27Revenue", "value": 0.05, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.sonomaBundleAspLow", "value": 0.0006, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.sonomaBundleAspHigh", "value": 0.0007, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.foxBundleAsp", "value": 0.005, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.aiRevenueShare", "value": 0.7, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.photonicsShareLow", "value": 0.15, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.photonicsShareHigh", "value": 0.2, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.consumablesShare", "value": 0.3, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.externalSonomaPerMonth", "value": 20, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.potentialInternalFoxPerMonth", "value": 20, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "managementCommentary.memoryFy27Revenue", "value": 0, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "Approximate management call commentary, not audited actuals, contracted demand or guaranteed capacity.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.0", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.1", "value": 0.31, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.2", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.quarterRevenueShares.3", "value": 0.26, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.elapsedQ1Fraction", "value": 0.9120879120879121, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.stubRevenue", "value": 0.002, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.stubCashBurn", "value": 0.002, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.interimWorkingCapitalFraction", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.interimCapex", "value": 0.00075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.postMayAwardVesting", "value": 0.0001, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.extraPerformanceFraction", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.operatingPrepaidFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.operatingCashReserve", "value": 0.012, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.otherOperatingAssetRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.accrualRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.terminalFadeYears", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.financingFee", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fy27Revenue", "value": 0.078, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productGrossMargins.0", "value": 0.33, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productGrossMargins.1", "value": 0.47, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.productGrossMargins.2", "value": 0.38, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalNonGaapMargin", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 240, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cashOpexGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrossMargin", "value": 0.43, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cashYield", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.taxAssetRecovery", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fy27Bookings", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.backlogCancellation", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.knownOrderConversion", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.depositRate", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.futureBookToBill", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLoss", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fundingPrice", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.equityCapacity", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.fy27PretaxMargin", "value": -0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.0", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.1", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.2", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.3", "value": 0.026, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.0.4", "value": 0.027, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.0", "value": 0.024, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.1", "value": 0.022, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.2", "value": 0.022, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.3", "value": 0.023, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.1.4", "value": 0.024, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.3", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.2.4", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.0", "value": 0.014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.1", "value": 0.013, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.2", "value": 0.014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.3", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.3.4", "value": 0.016, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.0", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.1", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.2", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.3", "value": 0.011, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.4.4", "value": 0.012, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.3", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortRevenue.5.4", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.0.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fy27Revenue", "value": 0.115, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productGrossMargins.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productGrossMargins.1", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.productGrossMargins.2", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalNonGaapMargin", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 200, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 40, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cashOpexGrowth", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrossMargin", "value": 0.49, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cashYield", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.taxAssetRecovery", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fy27Bookings", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.backlogCancellation", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.knownOrderConversion", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.depositRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.futureBookToBill", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLoss", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fundingPrice", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.equityCapacity", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.fy27PretaxMargin", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.0", "value": 0.042, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.1", "value": 0.048, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.2", "value": 0.054, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.3", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.0.4", "value": 0.066, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.0", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.1", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.2", "value": 0.052, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.3", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.1.4", "value": 0.068, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.2", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.3", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.2.4", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.0", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.1", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.2", "value": 0.031, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.3", "value": 0.037, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.3.4", "value": 0.043, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.0", "value": 0.018, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.1", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.2", "value": 0.023, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.3", "value": 0.026, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.4.4", "value": 0.029, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.3", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortRevenue.5.4", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.1.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fy27Revenue", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productGrossMargins.0", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productGrossMargins.1", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.productGrossMargins.2", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalNonGaapMargin", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 175, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cashOpexGrowth", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrossMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cashYield", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.taxAssetRecovery", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fy27Bookings", "value": 0.185, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.backlogCancellation", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.knownOrderConversion", "value": 0.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.depositRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.futureBookToBill", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLoss", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fundingPrice", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.equityCapacity", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.fy27PretaxMargin", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.1", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.2", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.3", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.0.4", "value": 0.145, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.0", "value": 0.048, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.1", "value": 0.072, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.2", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.3", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.1.4", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.1", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.2", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.3", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.2.4", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.0", "value": 0.0245, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.1", "value": 0.038, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.2", "value": 0.055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.3", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.3.4", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.0", "value": 0.0175, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.1", "value": 0.022, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.2", "value": 0.028, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.3", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.4.4", "value": 0.042, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.2", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.3", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortRevenue.5.4", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.2.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fy27Revenue", "value": 0.165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productMix.0", "value": 0.64, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productMix.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productGrossMargins.0", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productGrossMargins.1", "value": 0.63, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.productGrossMargins.2", "value": 0.47, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalNonGaapMargin", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 155, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 50, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cashOpexGrowth", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrossMargin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.guideTaxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cashYield", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.taxAssetRecovery", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fy27Bookings", "value": 0.26, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.backlogCancellation", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.knownOrderConversion", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.depositRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.futureBookToBill", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLoss", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fundingPrice", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.equityCapacity", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.fy27PretaxMargin", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.0", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.1", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.2", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.3", "value": 0.19, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.0.4", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.0", "value": 0.055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.1", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.2", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.3", "value": 0.195, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.1.4", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.0", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.1", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.2", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.3", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.2.4", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.0", "value": 0.0275, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.1", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.2", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.3", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.3.4", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.0", "value": 0.0175, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.1", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.2", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.3", "value": 0.048, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.4.4", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.1", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.3", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortRevenue.5.4", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.cohortGrowthShock", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalProductMix.0", "value": 0.57, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalProductMix.1", "value": 0.37, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.scenarios.3.terminalProductMix.2", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aehr/transcripts/630366-q4-2026/", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "estimates.normalizationGrowthCap", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.seed", "value": 20260920, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.growthSigma", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.marginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.workingCapitalSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.009, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.terminalMarginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.creditCorrelation", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.adoptionSigma", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "simulation.exitMultipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1040470/000165495426006919/aehr_10k.htm", "note": "DR assumption or arithmetic. Disclosure provides context and does not report this numerical estimate. See detailed treatment and limitations.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}, {"path": "referencePrice", "value": 93.49, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/aehr/history/", "note": "September 18 regular close, independently cross-checked. Not a live quote.", "model_as_of": "2026-09-20", "unit": null, "unit_context": "USD billions and billion shares, except per-share prices, days and counts", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Reported financial anchors and claims", "classification": "Reported", "treatment": "FY2026 audited May 29 financial statements. July 20 ordinary shares are the latest count located; May awards require a DR post-period vesting bridge. Restricted cash is excluded. ATM cash and issued shares are already in the balance sheet."}, {"input": "FY2027 management outlook", "classification": "Management guidance-commentary", "treatment": "Revenue $130–150m; CEO and CFO explicitly state pretax non-GAAP profitability of 18–22%. The filed release says net income without specifying pretax. Base adopts the explicit call basis; the after-tax reading is separately sensitized. No tax gross-up in the primary EBIT bridge. Interest and adjusted tax rates remain DR estimates."}, {"input": "Fiscal timing and opening cash", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 runs June 27, 2026–June 25, 2027. The prior 28-day stub is separate. September 18 cash and working capital are estimated by bridging May statements through the stub and 83/91 of a DR Q1 forecast. Elapsed cash flows are not valued again. Fixed costs, depreciation, award expense and interest use elapsed calendar time; revenue uses the seasonal quarterly ramp."}, {"input": "Orders and customer forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "May backlog plus $20m subsequent bookings underlying July effective backlog plus the separate August $22m order support the order bridge. These are gross dated observations, not a current net backlog. FY2027 bookings include those post-May orders; neither they nor the $41m April order are added again. Unpriced photonics orders, pilot tests and customer capacity forecasts are not guaranteed revenue."}, {"input": "Product economics and cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Six mutually exclusive end-market/program revenue paths include systems, initial and repeat consumables and services. They are partitioned into reported product categories, never added on top. FY2027 Base: $50m package AI, $48m existing wafer AI, $24.5m photonics, $17.5m power/other, zero new AI and memory. This reconciles 70% AI, 17.5% photonics and ~30% consumables commentary. All future cohort amounts, product allocations and margins are DR estimates. No unnamed customer identity is inferred. Power/other includes residual service revenue. Orders are not additional revenue."}, {"input": "SBC, awards and tax assets", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution and their remaining noncash expense is added back. Future SBC remains a cash-equivalent economic cost, not an extra share reserve. SAR and unpaid issuance liabilities are excluded from operating working capital and paid once in the interim bridge. Tax assets reduce forecast cash taxes subject to a recovery estimate; no separate DTA addition to equity."}, {"input": "Terminal value, scenarios and Monte Carlo", "classification": "Dilikoğlu Research estimate", "treatment": "Ten fiscal years to FY2036 with a five-year growth normalization. Primary terminal value is recurring economic EBIT after future SBC at 8/12/20/25x for Failure/Bear/Base/Bull. Sector valuation inputs match COHR: WACC 13/11.5/10/9%, terminal growth 1/2/2.5/3%, ROIC 8/10/13/16%; all are DR judgments. Perpetuity FCFF is a separate unblended cross-check. AEHR operating paths remain company-specific. Exit multiples have 15% log dispersion correlated with demand; other simulation distributions remain AEHR-specific."}, {"input": "Customer adoption forecast", "classification": "Dilikoğlu Research estimate", "treatment": "Base existing AI programs expand with device ramps; new AI wafer production begins FY2028 after pilot acceptance. Memory is zero through FY2028, then $5m/$15m/$30m in FY2029–31 conditional on a sponsored development program. Bull permits earlier adoption; Bear/Failure include no memory revenue. These are conditional forecasts, not management multi-year guidance. Package growth assumes second-device expansion; wafer growth does not additionally count conversion of the same package device. Qualification failures require cohort removal."}, {"input": "Pricing and capacity cross-check", "classification": "Management guidance-commentary", "treatment": "Management described ~$600–700k Sonoma bundles including consumables, ~$5m FOX bundles, roughly $50m FY2027 package revenue, and conditional capacity around 20 external Sonoma and 20 internal FOX systems per month. Revenue / bundle ASP is an illustrative bundle-equivalent diagnostic: separate consumables and services mean it is not a shipment forecast. Manufacturing capacity is not demand or a revenue commitment. Hiring, supplier availability and customer forecasts are required."}, {"input": "Base forecast calibration and delivery conditions", "classification": "Dilikoğlu Research estimate", "treatment": "FY2027 package revenue uses the approximate $50m call anchor; existing wafer AI is 70% of $140m less package revenue; photonics uses the 17.5% midpoint; power/other is the residual. Through FY2031, DR existing package/wafer forecasts reach $145m/$160m as second-device and existing-program ramps recur. New AI contributes $110m only after successful pilot conversion; photonics $95m assumes repeated optical deployments; power/other $42m assumes gradual recovery; memory $30m requires development sponsorship. These dollar paths are analyst scenario judgments, not quantities disclosed by management. At illustrative call pricing, FY2031 Base revenue corresponds to ~223 Sonoma bundles and ~87 FOX bundles if all respective revenue were bundled system sales; repeat consumables reduce implied system needs. Near-term capacity is only a feasibility check. Bull requires further package capacity or higher-value configurations; neither is committed. No capacity figure is added to forecast demand."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AEHR"}, "model_note": "DR cohort forecast anchored to FY2027 guidance, management customer commentary and August orders. Pretax margin follows explicit call wording; release wording differs. September 18 opening balances are estimated from May disclosures. No recommendation assigned.", "limitations": ["FY2027 Q1 and the 28-day transition period are not yet reported as of this review; the interim balance sheet and quarterly ramp are estimates.", "Management provides approximate bundle pricing, mix and conditional capacity, but not audited customer-level forecasts, actual future shipments, standalone consumables attach rates or platform margins. Cohort forecasts and product allocations remain DR estimates.", "May award tables and July ordinary shares are reconciled using estimated vesting; exact September award balances remain unavailable.", "Tax-asset utilization is modeled as a finite cash-tax shield, not a jurisdiction-by-jurisdiction tax return. Annual cash checks cannot establish daily liquidity.", "Demand can be lumpy and customers can reduce burn-in time or sample fewer devices. Product sales do not establish recurring ARR.", "Terminal returns and long-term adoption drive much of value; the simulation is conditional on analyst assumptions and does not measure objective probabilities.", "Margin basis conflicts between the filed release and call. Primary forecast uses explicit pretax call wording; the after-tax interpretation is a sensitivity. An estimated 18% adjusted tax rate is used only for after-tax earnings disclosure, while FCFF uses 23% normalized cash tax and finite tax savings."], "links": {"coverage": "https://dilikogluresearch.com/coverage/aehr", "model": "https://dilikogluresearch.com/aehr_model", "native_model": "https://dilikogluresearch.com/api/model/AEHR", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AEHR"}, "model_version": "2d744a662163cc991103ba8dc0738af92918a7f040af3eabc3177826908e2114"}}, {"id": "4e9fa881258f0e140f75cd18167962cd43f703efd753ff1056ffa112775b1789", "ticker": "AMD", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-14", "model_version": "7f8fcab6d4519e7c6338875e34471b19a711404ce6a6765470842ee7b841f387", "research_version": "f5b9736776d859d8894c3db821aa04ad0a599bb6aa610e6604f989a8ecf81f9c", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 524.7618521258253, "probability_weighted": 514.3351601541506, "scenarios": {"failure": {"fair_value": 14.329174500783804, "probability": 0.1}, "bear": {"fair_value": 117.44440532274285, "probability": 0.25}, "base": {"fair_value": 524.7618521258253, "probability": 0.45}, "bull": {"fair_value": 1236.9915395838257, "probability": 0.2}}, "monte_carlo_median": 421.34862112569874, "method": "H2 2026–FY2035 FCFF DCF; conditional warrants; exit EV/EBIT cross-check"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 524.7618521258253, "probability_weighted": 514.3351601541506, "scenarios": {"failure": {"fair_value": 14.329174500783804, "probability": 0.1}, "bear": {"fair_value": 117.44440532274285, "probability": 0.25}, "base": {"fair_value": 524.7618521258253, "probability": 0.45}, "bull": {"fair_value": 1236.9915395838257, "probability": 0.2}}, "monte_carlo_median": 421.34862112569874, "method": "H2 2026–FY2035 FCFF DCF; conditional warrants; exit EV/EBIT cross-check"}}], "snapshot": {"schema_version": "1.0", "ticker": "AMD", "company": "Advanced Micro Devices", "currency": "USD", "model_as_of": "2026-09-14", "valuation_date": "2026-06-27", "valuation_horizon": null, "reference_price": {"value": 516.13, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 524.7618521258253, "probability_weighted": 514.3351601541506, "scenarios": {"failure": {"fair_value": 14.329174500783804, "probability": 0.1}, "bear": {"fair_value": 117.44440532274285, "probability": 0.25}, "base": {"fair_value": 524.7618521258253, "probability": 0.45}, "bull": {"fair_value": 1236.9915395838257, "probability": 0.2}}, "monte_carlo_median": 421.34862112569874, "method": "H2 2026–FY2035 FCFF DCF; conditional warrants; exit EV/EBIT cross-check"}, "thesis": {"summary": "AMD’s opportunity combines Instinct accelerator adoption with EPYC and client processor growth. The model tests management’s growth ambitions against operating investment, cash conversion and customer-warrant dilution.", "pillars": ["Instinct and EPYC estimates reconcile to reported Data Center revenue.", "Operating leverage is anchored to quarterly guidance and long-term targets, with SBC retained as an economic cost.", "Cash commitments and conditional warrants determine the value captured by existing shareholders."], "risks": ["Helios qualification and customer deployment may lag expectations.", "Pricing, R&D and supply-chain investment can absorb revenue growth.", "Customer warrants dilute successful outcomes; exact milestone schedules are partly redacted."], "variant": "Strong AI demand does not remove the need to underwrite product delivery, cash conversion and conditional dilution."}, "governance": [{"signal": "Revenue execution", "trigger": "Two quarters below issued guidance range", "action": "Reassess delivery and market share; increase Bear probability."}, {"signal": "Instinct ramp", "trigger": "MI450/Helios deliveries or major customer deployment materially slip", "action": "Reduce GPU growth and related warrant vesting together."}, {"signal": "Margin durability", "trigger": "Non-GAAP operating leverage fails to approach long-term 35% target", "action": "Review mix, price and R&D burden; retain SBC in economic profit."}, {"signal": "Cash conversion", "trigger": "Receivable days above 90 or persistent excess inventory", "action": "Stress working capital, impairments and guarantees."}, {"signal": "Claims and leases", "trigger": "Warrants vest, lease guarantees are called, or new material commitments appear", "action": "Update security ledger and cash schedule from filings."}, {"signal": "Competition", "trigger": "Sustained loss of EPYC momentum or accelerator qualification", "action": "Reassess growth and terminal returns."}], "sources": {"model_sources": [{"id": "q2-10q", "title": "Q2 2026 Form 10-Q", "date": "2026-08-05", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm"}, {"id": "q2-results", "title": "Q2 results and Q3 outlook slides", "date": "2026-08-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm"}, {"id": "fy25-10k", "title": "2025 Form 10-K", "date": "2026-02-04", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm"}, {"id": "analyst-day", "title": "2025 Financial Analyst Day targets", "date": "2025-11-11", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth"}, {"id": "openai-warrant", "title": "OpenAI warrant and purchase milestones", "date": "2025-10-06", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm"}, {"id": "meta-warrant", "title": "Meta warrant and purchase milestones", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm"}, {"id": "warrant-exhibit", "title": "Meta warrant: redacted milestone schedules", "date": "2026-02-24", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm"}], "public_evidence": [{"category": "Company Filings", "title": "Q2 2026 Form 10-Q", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "date": "2026-08-05", "source_type": "Primary company disclosure", "supports": "Q2 2026 Form 10-Q"}, {"category": "Company Filings", "title": "Q2 results and Q3 outlook slides", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "date": "2026-08-04", "source_type": "Primary company disclosure", "supports": "Q2 results and Q3 outlook slides"}, {"category": "Company Filings", "title": "2025 Form 10-K", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "date": "2026-02-04", "source_type": "Primary company disclosure", "supports": "2025 Form 10-K"}, {"category": "Company Materials", "title": "2025 Financial Analyst Day targets", "url": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "date": "2025-11-11", "source_type": "Primary company disclosure", "supports": "2025 Financial Analyst Day targets"}, {"category": "Company Filings", "title": "OpenAI warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "date": "2025-10-06", "source_type": "Primary company disclosure", "supports": "OpenAI warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant and purchase milestones", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant and purchase milestones"}, {"category": "Company Filings", "title": "Meta warrant: redacted milestone schedules", "url": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "date": "2026-02-24", "source_type": "Primary company disclosure", "supports": "Meta warrant: redacted milestone schedules"}], "lineage": [{"input": "Financial anchors", "classification": "Reported", "treatment": "USD and share amounts converted to billions. Q2 segment revenues and H1 cash flow reconcile to filings; short-term securities are separate from long-term equities.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 midpoint and non-GAAP margin/opex anchor Base. Normalized tax guidance is not a guarantee of GAAP tax.", "source": "q2-results"}, {"input": "Long-range targets", "classification": "Management guidance-commentary", "treatment": "Analyst Day targets cover three to five years from November 2025. They are aspirations with execution risk, not an annual guarantee; model comparison uses FY2025 to FY2030.", "source": "analyst-day"}, {"input": "Operating forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "Five product cohorts sum to reported segment totals. H2 mix starts with the estimated Q2 split. 2027–2030 GPU and CPU growth are explicit annual paths from annualized H2; others compound at scenario rates. For 2031–2035, growth = 2030 product growth × (1 − transition step/5) + terminal growth × transition step/5. Base GPU growth therefore slows from 50% in 2030 to 40.6%, 31.2%, 21.8%, 12.4% and 3.0%. This is a DR competitive-normalization path, not a management commitment.", "source": "analyst-day"}, {"input": "Cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Receivables, inventory, payables and residual operating assets/accruals roll forward. Loan, restricted cash and investments are excluded from operating assets; capex payable is excluded from operating liabilities and paid separately once. Commitments are allocated between procurement and service expense floors, without double counting normal costs. Uncommenced leases have estimated deployment schedules and excess capacity loss exposure.", "source": "q2-10q"}, {"input": "Employee awards and customer warrants", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution, remaining expense is added back once; future SBC remains a cost. Customer warrant eligibility uses estimated customer revenue converted to GW through expiry and a smooth price-hurdle proxy. Price and dilution are solved jointly. No duplicate warrant fair-value deduction.", "source": "warrant-exhibit"}, {"input": "Capital and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Reported finite amortization is allocated through 2035; physical depreciation uses four/five-year remaining/new asset lives. Terminal cash flow removes expired amortization and finances growth at stated ROIC. WACC/perpetuity DCF is primary; discounted EV/EBIT is an unblended cross-check.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "Shared demand/execution shocks drive revenue, margin, capex, collection days, warrant delivery, investments and discount rates. 20,000 seeded draws use the deterministic engine.", "source": "analyst-day"}, {"input": "Liquidity and revolver", "classification": "Dilikoğlu Research estimate", "treatment": "Reported $5bn undrawn revolving facility is separate from cash and the $5.5bn commercial-paper program. Scenario-accessible revolver capacity is 50% / 75% / 100% / 100%; draws cover the operating reserve where possible, incur a 0.5% draw fee and interest, and repay from surplus cash or by estimated May 2031 maturity. Rates are 10% / 8% / 6.5% / 6%. No double counting of commercial-paper capacity or automatic renewal. Facility principal and interest affect the cash schedule; draw fees reduce FCFF. WACC captures debt financing in enterprise value, so future draws are not a second opening net-debt deduction.", "source": "q2-10q"}], "model_provenance": {"command": "node scripts/build_amd.cjs", "input_sha256": "7517d325e741aa0f1d54f14e02a89f83cfe07956f765083e93549e6dbdffb461"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.q2Revenue", "value": 11.536, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.0", "value": 6.718, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.1", "value": 3.062, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.2", "value": 0.779, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Products.3", "value": 0.977, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2GrossProfit", "value": 6.203, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Opex", "value": 4.213, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Ebit", "value": 1.99, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2NonGaapGrossProfit", "value": 6.488, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2NonGaapOpex", "value": 3.394, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2Sbc", "value": 0.503, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2SbcCogs", "value": 0.008, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2AmortCogs", "value": 0.26, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2AmortOpex", "value": 0.284, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2OtherCogs", "value": 0.017, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.q2OtherOpex", "value": 0.04, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Revenue", "value": 21.789, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Cfo", "value": 5.321, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Capex", "value": 1.197, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Depreciation", "value": 0.427, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1Sbc", "value": 0.99, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.cash", "value": 5.086, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtSecurities", "value": 8.025, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.receivables", "value": 7.281, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.inventory", "value": 8.468, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.payables", "value": 5.359, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.prepaidAssets", "value": 2.662, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.restrictedCash", "value": 0.011, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.loanReceivable", "value": 0.1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ppe", "value": 3.439, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.otherAssets", "value": 7.904, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.marketableEquity", "value": 1.2, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.privateEquity", "value": 1.7, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.equityMethod", "value": 0.302, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.customerLiabilities", "value": 1.359, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.marketingAccruals", "value": 1.579, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.payrollAccruals", "value": 1.462, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.otherAccruals", "value": 1.146, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.otherCurrentLiabilities", "value": 0.301, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.uncertainTaxLiabilities", "value": 0.873, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.capexPayable", "value": 0.421, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtPrincipal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.debtCarrying", "value": 3.226, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.ordinaryShares", "value": 1.632475042, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.intangibles", "value": 15.635, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 1.062, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 2.042, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 1.929, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 1.697, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 1.457, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 7.448, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.0", "value": 17.386, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.1", "value": 5.474, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.2", "value": 2.851, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.3", "value": 2.528, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.4", "value": 1.471, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commitments.5", "value": 0.566, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.uncommencedLeases", "value": 4.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.subsequentLeases", "value": 9.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.guaranteeExposure", "value": 4.1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.revolverCapacity", "value": 5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.commercialPaperCapacity", "value": 5.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Revenue", "value": 34.639, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25DataCenter", "value": 16.635, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Rsus", "value": 0.033, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Prsus", "value": 0.002, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25Options", "value": 0.002, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25OptionStrike", "value": 117.6, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25UnrecognizedRsus", "value": 3.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25UnrecognizedPrsus", "value": 0.232, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.fy25UnrecognizedOptions", "value": 0.051, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000018/amd-20251227.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.netIncome", "value": 3.68, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.discontinued", "value": -0.003, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.da", "value": 0.427, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.amortization", "value": 1.095, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.sbc", "value": 0.99, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.investmentGains", "value": -0.549, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.deferredTax", "value": -0.106, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.other", "value": 0.061, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.receivables", "value": -0.966, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.inventory", "value": -0.548, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.prepaids", "value": -0.991, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.payables", "value": 2.17, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "actual.h1CashFlowBridge.accruals", "value": 0.061, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.0.principal", "value": 0.875, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.0.coupon", "value": 0.04212, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.0.time", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.1.principal", "value": 0.625, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.1.coupon", "value": 0.04319, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.1.time", "value": 1.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.2.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.2.coupon", "value": 0.02375, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.2.time", "value": 3.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.3.principal", "value": 0.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.3.coupon", "value": 0.03924, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.3.time", "value": 5.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.4.principal", "value": 0.5, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.4.coupon", "value": 0.04393, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "debt.4.time", "value": 25.92, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.maximumShares", "value": 0.16, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.strike", "value": 0.01, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.firstDeliveryGw", "value": 1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.fullDeliveryGw", "value": 6, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.0.finalPriceThreshold", "value": 600, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.maximumShares", "value": 0.16, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.strike", "value": 0.01, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.firstDeliveryGw", "value": 1, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.fullDeliveryGw", "value": 6, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "warrants.1.finalPriceThreshold", "value": 600, "classification": "Reported", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/amd-20260223.htm", "note": "Filing amount converted to model units; year-end anchors are dated 2025. Rounded issuer investment/award disclosures retain their precision.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3Revenue", "value": 13, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3RevenueRange", "value": 0.3, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3NonGaapGrossMargin", "value": 0.56, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3NonGaapOpex", "value": 3.65, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3NonGaapOtherIncome", "value": 0.055, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3TaxRate", "value": 0.13, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.q3DilutedShares", "value": 1.66, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000121/amdq22026earningsslidesf.htm", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermRevenueCagrFloor", "value": 0.35, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermDcCagrFloor", "value": 0.6, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermAiCagrFloor", "value": 0.8, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermOtherCagrFloor", "value": 0.1, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapOpMarginFloor", "value": 0.35, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "guidance.longTermNonGaapEpsFloor", "value": 20, "classification": "Management guidance-commentary", "sourceUrl": "https://ir.amd.com/news-events/press-releases/detail/1266/amd-unveils-strategy-to-lead-the-1-trillion-compute-market-and-accelerate-next-phase-of-growth", "note": "Quarterly guidance or 2025 Analyst Day multi-year target, not a guaranteed result.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.q2AiRevenue", "value": 3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.fy25AiRevenue", "value": 6.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.reserve", "value": 3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.q4OpexGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.otherAssetOperatingFraction", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.otherAccrualOperatingFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.investmentTaxHaircut", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.estimatedRsus", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.estimatedOptions", "value": 0.002, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.optionStrike", "value": 117.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.remainingExistingSbc", "value": 3.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.existingAwardYears", "value": 2.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.amortizationOpexFraction", "value": 0.5220588235294117, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.componentShareOfCashCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.depreciationCogsFraction", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.commitmentSupplyShare", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.leaseYears", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.subsequentLeaseYears", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.guaranteePaymentTime", "value": 3.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantRevenuePerGw", "value": 15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantCustomerShares.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantCustomerShares.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantInitialPriceProxy", "value": 200, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantForecastWindows.0", "value": 4.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.warrantForecastWindows.1", "value": 4.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000045/a41commonstockwarrantagree.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.q3GuidanceFactor", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.q4SequentialGrowth", "value": -0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.0", "value": -0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.1", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.2", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.gpuGrowth.3", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.cpuGrowth.3", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.otherGrowth", "value": -0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.h2GrossMargin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.fy30GrossMargin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.fy30NonGaapOpMargin", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalEbitMargin", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.h2OpexFactor", "value": 1.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 210, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.publicRecovery", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.privateRecovery", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.guaranteeLossFraction", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.warrantDeliveryFactor", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.warrantConditionFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.warrantPriceGrowth", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.workingCapitalAssetFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.leaseLossFraction", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverAvailability", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.0.revolverRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.q3GuidanceFactor", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.q4SequentialGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.0", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.1", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.2", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.gpuGrowth.3", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.0", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.1", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.2", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.cpuGrowth.3", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.otherGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.h2GrossMargin", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.fy30GrossMargin", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.fy30NonGaapOpMargin", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalEbitMargin", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.h2OpexFactor", "value": 1.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 165, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.publicRecovery", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.privateRecovery", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.guaranteeLossFraction", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.warrantDeliveryFactor", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.warrantConditionFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.warrantPriceGrowth", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.leaseLossFraction", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverAvailability", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.1.revolverRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.q3GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.q4SequentialGrowth", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.0", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.1", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.2", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.gpuGrowth.3", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.0", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.2", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.cpuGrowth.3", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.otherGrowth", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.h2GrossMargin", "value": 0.56, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.fy30GrossMargin", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.fy30NonGaapOpMargin", "value": 0.38, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalEbitMargin", "value": 0.33, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 135, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.publicRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.privateRecovery", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.guaranteeLossFraction", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.warrantDeliveryFactor", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.warrantConditionFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.warrantPriceGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.leaseLossFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.2.revolverRate", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.q3GuidanceFactor", "value": 1.023, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.q4SequentialGrowth", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.0", "value": 1.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.1", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.2", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.gpuGrowth.3", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.1", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.2", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.cpuGrowth.3", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.otherGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.h2GrossMargin", "value": 0.565, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.fy30GrossMargin", "value": 0.63, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.fy30NonGaapOpMargin", "value": 0.43, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalEbitMargin", "value": 0.38, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.14, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 120, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 80, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.publicRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.privateRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.guaranteeLossFraction", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.warrantDeliveryFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.warrantConditionFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.warrantPriceGrowth", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.044, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.leaseLossFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.scenarios.3.revolverRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.revolverMaturityTime", "value": 4.88, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "estimates.growthFadeYears", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.seed", "value": 20260914, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.demandSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.growthSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.marginSigma", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.warrantSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.investmentSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.guaranteeSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.leaseSigma", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.revolverAvailabilitySigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "simulation.revolverRateSigma", "value": 0.01, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://ir.amd.com/financial-information/sec-filings/content/0000002488-26-000123/amd-20260627.htm", "note": "DR input. Linked disclosure provides context, not this numerical forecast. Debt remaining terms, product split and redacted warrant approximations are estimates.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}, {"path": "referencePrice", "value": 516.13, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/amd/", "note": "September 11, 2026 regular close; cross-check https://chartexchange.com/symbol/nasdaq-amd/historical/. Frozen reference, not live.", "model_as_of": "2026-09-14", "unit": null, "unit_context": null, "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Financial anchors", "classification": "Reported", "treatment": "USD and share amounts converted to billions. Q2 segment revenues and H1 cash flow reconcile to filings; short-term securities are separate from long-term equities.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 midpoint and non-GAAP margin/opex anchor Base. Normalized tax guidance is not a guarantee of GAAP tax.", "source": "q2-results"}, {"input": "Long-range targets", "classification": "Management guidance-commentary", "treatment": "Analyst Day targets cover three to five years from November 2025. They are aspirations with execution risk, not an annual guarantee; model comparison uses FY2025 to FY2030.", "source": "analyst-day"}, {"input": "Operating forecasts", "classification": "Dilikoğlu Research estimate", "treatment": "Five product cohorts sum to reported segment totals. H2 mix starts with the estimated Q2 split. 2027–2030 GPU and CPU growth are explicit annual paths from annualized H2; others compound at scenario rates. For 2031–2035, growth = 2030 product growth × (1 − transition step/5) + terminal growth × transition step/5. Base GPU growth therefore slows from 50% in 2030 to 40.6%, 31.2%, 21.8%, 12.4% and 3.0%. This is a DR competitive-normalization path, not a management commitment.", "source": "analyst-day"}, {"input": "Cash conversion", "classification": "Dilikoğlu Research estimate", "treatment": "Receivables, inventory, payables and residual operating assets/accruals roll forward. Loan, restricted cash and investments are excluded from operating assets; capex payable is excluded from operating liabilities and paid separately once. Commitments are allocated between procurement and service expense floors, without double counting normal costs. Uncommenced leases have estimated deployment schedules and excess capacity loss exposure.", "source": "q2-10q"}, {"input": "Employee awards and customer warrants", "classification": "Dilikoğlu Research estimate", "treatment": "Existing awards enter dilution, remaining expense is added back once; future SBC remains a cost. Customer warrant eligibility uses estimated customer revenue converted to GW through expiry and a smooth price-hurdle proxy. Price and dilution are solved jointly. No duplicate warrant fair-value deduction.", "source": "warrant-exhibit"}, {"input": "Capital and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Reported finite amortization is allocated through 2035; physical depreciation uses four/five-year remaining/new asset lives. Terminal cash flow removes expired amortization and finances growth at stated ROIC. WACC/perpetuity DCF is primary; discounted EV/EBIT is an unblended cross-check.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "Shared demand/execution shocks drive revenue, margin, capex, collection days, warrant delivery, investments and discount rates. 20,000 seeded draws use the deterministic engine.", "source": "analyst-day"}, {"input": "Liquidity and revolver", "classification": "Dilikoğlu Research estimate", "treatment": "Reported $5bn undrawn revolving facility is separate from cash and the $5.5bn commercial-paper program. Scenario-accessible revolver capacity is 50% / 75% / 100% / 100%; draws cover the operating reserve where possible, incur a 0.5% draw fee and interest, and repay from surplus cash or by estimated May 2031 maturity. Rates are 10% / 8% / 6.5% / 6%. No double counting of commercial-paper capacity or automatic renewal. Facility principal and interest affect the cash schedule; draw fees reduce FCFF. WACC captures debt financing in enterprise value, so future draws are not a second opening net-debt deduction.", "source": "q2-10q"}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AMD"}, "model_note": "DR scenario baseline using Q2 2026 financials, Q3 guidance and disclosed long-term targets. Valuation date June 27; information reviewed September 14. Product splits, future cash flows and warrant vesting are estimates. No recommendation assigned.", "limitations": ["Instinct/EPYC revenue split is not separately reported. The $3bn Q2 Instinct estimate is a modeling allocation within the reported $6.718bn Data Center segment; no additional revenue is created.", "Warrant vesting and exercise schedules are redacted. Revenue per GW, customer allocation, intermediate price threshold, technical completion and expected price path are DR proxies, not contractual terms. Both full-dilution and zero-dilution sensitivities are disclosed.", "Warrant expense or revenue offsets under GAAP are not forecast as a second economic cost: customer warrants are recognized once through dilution. Displayed economic EBIT is not a complete future GAAP reconciliation.", "Latest employee award ledger is year-end 2025. Midyear RSUs, options and unrecognized compensation are DR estimates anchored to that disclosure; accounting diluted EPS shares are not the economic fully diluted share count.", "The combined purchase schedule includes supply, cloud and licenses. DR allocates 80% to supply and 20% to services; operating use sits inside COGS/opex, excess supplies enter inventory, and shortfalls are stressed. Lease dates and duration are approximations within disclosed ranges.", "Public/private investment amounts are rounded issuer disclosures. Recoveries are haircut once; speculative investment gains and future discretionary acquisitions are excluded.", "MC shocks and priors are judgmental, not calibrated confidence intervals. Terminal returns and financing accessibility remain major uncertainties.", "The reported amortization tail after 2030 is allocated evenly through 2035 as a DR timing estimate; this is not a disclosed asset-by-asset expiration schedule.", "Debt maturity times, facility availability, interest and fees are estimates. The facility is capped at the reported amount and not automatically renewed; commercial paper is not added on top. Negative cash after modeled facility use receives zero common recovery, an extreme stress convention rather than a bankruptcy prediction.", "The smooth 2031–2035 growth fade is an analyst assumption. A faster normalization sensitivity is retained in the review audit; valuation is highly sensitive to the duration of accelerator growth."], "links": {"coverage": "https://dilikogluresearch.com/coverage/amd", "model": "https://dilikogluresearch.com/amd_model", "native_model": "https://dilikogluresearch.com/api/model/AMD", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AMD"}, "model_version": "7f8fcab6d4519e7c6338875e34471b19a711404ce6a6765470842ee7b841f387"}}, {"id": "8cb794b12aaf8f2b946d534cbdc140fa9a838f59e733ac848e337f021b644104", "ticker": "NVDA", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-14", "model_version": "fa21bbe1eb200cf87fe048ec2ee8ac8208ba9e044c5deff452315ff10cb7f0ce", "research_version": "85792c8039e458d53a5020637c8e7592981155399fc3f409a2475dcaf42eb26f", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 302.15116405928717, "probability_weighted": 308.0230043137424, "scenarios": {"failure": {"fair_value": 8.017045944119577, "probability": 0.1}, "bear": {"fair_value": 75.85148855142342, "probability": 0.25}, "base": {"fair_value": 302.15116405928717, "probability": 0.45}, "bull": {"fair_value": 761.4520187739768, "probability": 0.2}}, "monte_carlo_median": 245.9521408101816, "method": "H2 FY27–FY36 FCFF DCF with a gradual terminal transition; exit EV/EBIT cross-check"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 302.15116405928717, "probability_weighted": 308.0230043137424, "scenarios": {"failure": {"fair_value": 8.017045944119577, "probability": 0.1}, "bear": {"fair_value": 75.85148855142342, "probability": 0.25}, "base": {"fair_value": 302.15116405928717, "probability": 0.45}, "bull": {"fair_value": 761.4520187739768, "probability": 0.2}}, "monte_carlo_median": 245.9521408101816, "method": "H2 FY27–FY36 FCFF DCF with a gradual terminal transition; exit EV/EBIT cross-check"}}], "snapshot": {"schema_version": "1.0", "ticker": "NVDA", "company": "NVIDIA Corporation", "currency": "USD", "model_as_of": "2026-09-14", "valuation_date": "2026-07-26", "valuation_horizon": null, "reference_price": {"value": 218.29, "date": "2026-09-11", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 302.15116405928717, "probability_weighted": 308.0230043137424, "scenarios": {"failure": {"fair_value": 8.017045944119577, "probability": 0.1}, "bear": {"fair_value": 75.85148855142342, "probability": 0.25}, "base": {"fair_value": 302.15116405928717, "probability": 0.45}, "bull": {"fair_value": 761.4520187739768, "probability": 0.2}}, "monte_carlo_median": 245.9521408101816, "method": "H2 FY27–FY36 FCFF DCF with a gradual terminal transition; exit EV/EBIT cross-check"}, "thesis": {"summary": "NVIDIA’s model tests whether compute-platform demand converts into durable cash returns after procurement, reinvestment and partner support. Revenue growth, margins and terminal returns are scenario estimates anchored to current filings and quarterly guidance.", "pillars": ["Hyperscale and AI Clouds / Industrial / Enterprise provide distinct demand channels within Data Center.", "Product transitions and the software ecosystem can support economics, but do not guarantee permanent margins.", "Working capital, strategic investments and partner exposure determine cash available to shareholders."], "risks": ["Custom silicon, competitive accelerators or customer spending slowdowns weaken pricing and growth.", "Procurement outruns deliveries, extending inventory and collection cycles.", "Cloud support, guarantees and private investment losses absorb cash."], "variant": "Assess cash conversion and sustainable returns alongside compute demand; exclude speculative investment gains from operating earnings."}, "governance": [{"signal": "Revenue execution", "trigger": "Two quarters below the lower end of issued guidance", "action": "Review customer-group demand and shift probability toward Bear."}, {"signal": "Margin durability", "trigger": "Gross margin below 65% for two quarters without a temporary transition explanation", "action": "Reassess pricing power, input costs and terminal returns."}, {"signal": "Cash conversion", "trigger": "Receivable days exceed 90 or procurement materially exceeds deliveries", "action": "Stress collection losses, inventory obsolescence and liquidity."}, {"signal": "Partner support", "trigger": "Guarantee calls, customer defaults or unrecoverable cloud commitments", "action": "Charge incremental losses and revisit investment recoveries."}, {"signal": "Competitive position", "trigger": "Custom silicon or alternative accelerators reduce comparable shipment economics", "action": "Reduce growth/margins; no assumed permanent market share."}, {"signal": "Capital intensity", "trigger": "Capex and supplier deposits persistently outgrow revenue", "action": "Increase reinvestment and reduce terminal ROIC."}], "sources": {"model_sources": [{"id": "q2-10q", "title": "FY2027 Q2 Form 10-Q", "date": "2026-08-27", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf"}, {"id": "q2-results", "title": "FY2027 Q2 results and Q3 outlook", "date": "2026-08-26", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027"}, {"id": "q2-call", "title": "FY2027 Q2 earnings call transcript", "date": "2026-08-26", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf"}], "public_evidence": [{"category": "Company Filings", "title": "FY2027 Q2 Form 10-Q", "url": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "date": "2026-08-27", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 results and Q3 outlook", "url": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}, {"category": "Company Materials", "title": "FY2027 Q2 earnings call transcript", "url": "https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf", "date": "2026-08-26", "source_type": "Primary company disclosure", "supports": "Reported financial anchors, management outlook and risk disclosures. Forward scenario values are DR estimates."}], "lineage": [{"input": "Historical financial anchors and debt", "classification": "Reported", "treatment": "FY27 Q2 statements and notes, in USD bn. Revenue uses recast market-platform presentation. Debt principal reconciles to carrying value plus unamortized issuance costs. No equity investment gains in EBIT.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 revenue, gross margin and GAAP opex; full-year tax range. Base begins at the guidance midpoint; all Q4 and subsequent annual extrapolation is DR estimation.", "source": "q2-results"}, {"input": "Operating scenarios", "classification": "Dilikoğlu Research estimate", "treatment": "Q3 product mix held at reported Q2 proportions. FY28–FY32 group growth fades linearly between stated endpoints. Gross margin and operating expenses are forecast separately, then transition to mature returns through FY36. Failure is a severe demand and counterparty shock, not an asserted default probability. Base Q4 GAAP opex is 8% above Q3 guidance; later opex growth and margin paths are DR estimates. Reported FY27 non-GAAP measures include SBC; the model retains future SBC as an expense. FY28 growth inputs refer to the annualized H2 FY27 run rate, not full-year FY27; both rates are disclosed in forecast exports.", "source": "q2-call"}, {"input": "Cash and capital requirements", "classification": "Dilikoğlu Research estimate", "treatment": "Opening working capital starts from reported receivables, inventory, payables, prepaid assets, specified accruals and deferred revenue. Residual other assets exclude locked equities and derivative assets, then use an 80% operating fraction; other accruals use 80%. Opening derived asset/liability ratios anchor forecast balances. Deferred revenue additions and release reconcile separately; only the change in its liability enters FCFF. Supply commitments set procurement floors, with impairment on excess inventory. Physical assets use five-year lives; reported finite amortization is separate. Opening physical depreciation is anchored to reported Q2 D&A less amortization, annualized, and capped by opening PPE. New assets use five-year lives. Procurement consumption excludes estimated noncash COGS; 20% of physical depreciation is allocated to COGS, SBC in COGS uses its reported Q2 revenue ratio, and component purchases represent 90% of cash COGS. These cost allocations are DR estimates, with 80–100% component-share sensitivities.", "source": "q2-10q"}, {"input": "Security claims and strategic exposure", "classification": "Dilikoğlu Research estimate", "treatment": "Cash and debt securities less principal debt and an operating reserve; separate recovery/tax haircuts for equity investments. Scheduled future equity purchases incur a loss haircut; cash funding includes their full cost. Guarantees are stressed at scenario-specific loss fractions, paid at year 3.5. Existing award shares included once; future SBC stays expensed. Locked public equities are included with the public recovery haircut. Opening current tax and license payables are deducted as separate claims and paid in H2; uncertain-tax settlement fractions are DR estimates. Remaining SBC includes ESPP; 90% is allocated to existing share awards, with 10% retained as an economic expense.", "source": "q2-10q"}, {"input": "Discount rate and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Primary FCFF DCF discounted to the last balance-sheet date. FY36 operating earnings support a separate exit EV/EBIT cross-check, never blended. No output targets or automatic multiple matching to the market.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "20,000 reproducible draws from scenario priors. Shared demand and execution shocks affect growth, margins, working capital, investments and partner losses; discount rates co-move inversely. Dispersion is judgment, not statistical confidence.", "source": "q2-call"}], "model_provenance": {"command": "node scripts/build_nvda.cjs", "input_sha256": "1e586fa9e2988b4bb17e0868640d6adfdf4278b90fa5056418aa5347839e17c0"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.q2Revenue", "value": 96.221, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Products.0", "value": 48.71, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Products.1", "value": 40.313, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Products.2", "value": 7.198, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1Revenue", "value": 177.837, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2GrossProfit", "value": 72.142, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Opex", "value": 8.408, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Ebit", "value": 63.734, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Cfo", "value": 24.077, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1Cfo", "value": 74.421, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Capex", "value": 2.677, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Da", "value": 1.127, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Sbc", "value": 2.027, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cash", "value": 22.443, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.debtSecurities", "value": 34.143, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.marketableEquity", "value": 42.783, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.privateEquity", "value": 51.157, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.receivables", "value": 63.059, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.inventory", "value": 31.575, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.payables", "value": 15.059, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.debtPrincipal", "value": 33.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.debtCarrying", "value": 33.366, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ordinaryShares", "value": 24.147, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.outstandingAwards", "value": 0.168, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.unrecognizedSbc", "value": 19.4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.awardExpenseYears", "value": 2.6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ppe", "value": 14.285, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.guaranteeExposure", "value": 108.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.0", "value": 92, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.1", "value": 87, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.2", "value": 88, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.3", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.4", "value": 5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.supplyCommitments.5", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.0", "value": 18, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.1", "value": 3, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.2", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.3", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.investmentCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.0", "value": 7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.1", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.2", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.3", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.capexCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.0", "value": 3, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.1", "value": 8, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.2", "value": 7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.3", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.4", "value": 4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.cloudCommitments.5", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.0", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.1", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.2", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.3", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.4", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.ownLeaseCommitments.5", "value": 20, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.0", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.1", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.2", "value": 8, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.3", "value": 7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.4", "value": 6, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerCloudCommitments.5", "value": 9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.0", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.1", "value": 0, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.2", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.3", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.4", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.partnerLeaseCommitments.5", "value": 17, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.lockedPublicEquity", "value": 4.957, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.equityDerivativeAssets", "value": 0.824, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.otherAssets", "value": 15.746, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.prepaidCurrentAssets", "value": 3.409, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.customerProgramAccruals", "value": 7.391, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.warrantyAccruals", "value": 2.938, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.payrollAccruals", "value": 1.206, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.otherCurrentAccruals", "value": 2.479, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.deferredRevenue", "value": 6.412, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1DeferredAdditions", "value": 17.709, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1DeferredRelease", "value": 13.869, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.openingH1DeferredRevenue", "value": 2.572, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.currentTaxesPayable", "value": 5.206, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.uncertainTaxLiabilities", "value": 5.602, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.licensePayable", "value": 0.986, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.intangibles", "value": 2.998, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 0.482, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 0.795, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 0.642, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 0.528, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 0.468, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 0.083, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.netIncome", "value": 118.01, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.sbc", "value": 3.954, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.da", "value": 2.124, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.deferredTax", "value": 0.982, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.investmentGains", "value": -23.707, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.otherNoncash", "value": 0.222, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.receivables", "value": -24.59, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.inventory", "value": -10.204, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.prepaids", "value": -6.48, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.payables", "value": 4.125, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.currentAccruals", "value": 8.015, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.h1CashFlowBridge.longTermLiabilities", "value": 1.97, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2Amortization", "value": 0.237, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "actual.q2SbcCogs", "value": 0.071, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.0.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.0.coupon", "value": 0.032, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.0.time", "value": 0.1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.1.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.1.coupon", "value": 0.0425, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.1.time", "value": 1.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.2.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.2.coupon", "value": 0.0155, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.2.time", "value": 1.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.3.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.3.coupon", "value": 0.0435, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.3.time", "value": 2.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.4.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.4.coupon", "value": 0.0285, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.4.time", "value": 3.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.5.principal", "value": 4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.5.coupon", "value": 0.045, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.5.time", "value": 4.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.6.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.6.coupon", "value": 0.02, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.6.time", "value": 4.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.7.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.7.coupon", "value": 0.0475, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.7.time", "value": 6.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.8.principal", "value": 4, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.8.coupon", "value": 0.0495, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.8.time", "value": 9.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.9.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.9.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.9.time", "value": 13.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.10.principal", "value": 3, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.10.coupon", "value": 0.0555, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.10.time", "value": 19.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.11.principal", "value": 2, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.11.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.11.time", "value": 23.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.12.principal", "value": 3.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.12.coupon", "value": 0.05625, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.12.time", "value": 29.9, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.13.principal", "value": 0.5, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.13.coupon", "value": 0.037, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "debt.13.time", "value": 33.7, "classification": "Reported", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "Reported amount or remaining term; converted to model units.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3Revenue", "value": 108, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3RevenueTolerance", "value": 0.02, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3GrossMargin", "value": 0.74, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3GrossMarginTolerance", "value": 0.005, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.q3GaapOpex", "value": 9.2, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.fy27TaxLow", "value": 0.16, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "guidance.fy27TaxHigh", "value": 0.18, "classification": "Management guidance-commentary", "sourceUrl": "https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027", "note": "Quarterly or fiscal-year management outlook; not a long-range forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.reserve", "value": 15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4.012640449438202, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.existingAwardPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.investmentTaxHaircut", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.guaranteePaymentTime", "value": 3.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.q3GuidanceFactor", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.q4SequentialGrowth", "value": -0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy28Growth.0", "value": -0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy28Growth.1", "value": -0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy28Growth.2", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32Growth.0", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32Growth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32Growth.2", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.h2GrossMargin", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.fy32GrossMargin", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.h2OpexFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.opexGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.terminalEbitMargin", "value": 0.24, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 180, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.publicRecovery", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.privateRecovery", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.newInvestmentRecovery", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.guaranteeLossFraction", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.partnerSupportFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.deferredRevenueFactor", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.taxClaimSettlementFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.workingCapitalAssetFactor", "value": 1.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.0.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.q3GuidanceFactor", "value": 0.98, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.q4SequentialGrowth", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy28Growth.0", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy28Growth.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy28Growth.2", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32Growth.0", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32Growth.1", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32Growth.2", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.h2GrossMargin", "value": 0.71, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.fy32GrossMargin", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.h2OpexFactor", "value": 1.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.opexGrowth", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.terminalEbitMargin", "value": 0.42, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.032, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.publicRecovery", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.privateRecovery", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.newInvestmentRecovery", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.guaranteeLossFraction", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.partnerSupportFraction", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.deferredRevenueFactor", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.taxClaimSettlementFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.workingCapitalAssetFactor", "value": 1.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.1.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.q3GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.q4SequentialGrowth", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy28Growth.0", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy28Growth.1", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy28Growth.2", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32Growth.0", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32Growth.1", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32Growth.2", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.h2GrossMargin", "value": 0.74, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.fy32GrossMargin", "value": 0.69, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.opexGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.terminalEbitMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.publicRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.privateRecovery", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.newInvestmentRecovery", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.guaranteeLossFraction", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.partnerSupportFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.deferredRevenueFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.taxClaimSettlementFraction", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.2.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.q3GuidanceFactor", "value": 1.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.q4SequentialGrowth", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy28Growth.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy28Growth.1", "value": 0.55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy28Growth.2", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32Growth.0", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32Growth.1", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32Growth.2", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.h2GrossMargin", "value": 0.745, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.fy32GrossMargin", "value": 0.73, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.h2OpexFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.opexGrowth", "value": 0.22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.terminalEbitMargin", "value": 0.59, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.085, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.17, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 90, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.publicRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.privateRecovery", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.newInvestmentRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.guaranteeLossFraction", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.partnerSupportFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.deferredRevenueFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.taxClaimSettlementFraction", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.workingCapitalAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.scenarios.3.procurementFulfillmentFraction", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.q4OpexGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.otherAssetOperatingFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.otherAccrualOperatingFraction", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.existingAwardExpenseFraction", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.amortizationOpexFraction", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.depreciationCogsFraction", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "estimates.componentShareOfCashCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.seed", "value": 20260914, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.annualGrowthSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.grossMarginSigma", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.opexSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.terminalMarginSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.investmentSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.guaranteeSigma", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.exitMultipleSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.terminalRoicSigma", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}, {"path": "simulation.deferredRevenueSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://investor.nvidia.com/files/doc_financials/2027/NVDA-2027-Q2-10Q-Final-including-exhibits.pdf", "note": "DR assumption; cited disclosure provides context, not this numeric forecast.", "model_as_of": "2026-09-14", "unit": null, "unit_context": "USD billions and billion shares; USD per share", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Historical financial anchors and debt", "classification": "Reported", "treatment": "FY27 Q2 statements and notes, in USD bn. Revenue uses recast market-platform presentation. Debt principal reconciles to carrying value plus unamortized issuance costs. No equity investment gains in EBIT.", "source": "q2-10q"}, {"input": "Near-term outlook", "classification": "Management guidance-commentary", "treatment": "Q3 revenue, gross margin and GAAP opex; full-year tax range. Base begins at the guidance midpoint; all Q4 and subsequent annual extrapolation is DR estimation.", "source": "q2-results"}, {"input": "Operating scenarios", "classification": "Dilikoğlu Research estimate", "treatment": "Q3 product mix held at reported Q2 proportions. FY28–FY32 group growth fades linearly between stated endpoints. Gross margin and operating expenses are forecast separately, then transition to mature returns through FY36. Failure is a severe demand and counterparty shock, not an asserted default probability. Base Q4 GAAP opex is 8% above Q3 guidance; later opex growth and margin paths are DR estimates. Reported FY27 non-GAAP measures include SBC; the model retains future SBC as an expense. FY28 growth inputs refer to the annualized H2 FY27 run rate, not full-year FY27; both rates are disclosed in forecast exports.", "source": "q2-call"}, {"input": "Cash and capital requirements", "classification": "Dilikoğlu Research estimate", "treatment": "Opening working capital starts from reported receivables, inventory, payables, prepaid assets, specified accruals and deferred revenue. Residual other assets exclude locked equities and derivative assets, then use an 80% operating fraction; other accruals use 80%. Opening derived asset/liability ratios anchor forecast balances. Deferred revenue additions and release reconcile separately; only the change in its liability enters FCFF. Supply commitments set procurement floors, with impairment on excess inventory. Physical assets use five-year lives; reported finite amortization is separate. Opening physical depreciation is anchored to reported Q2 D&A less amortization, annualized, and capped by opening PPE. New assets use five-year lives. Procurement consumption excludes estimated noncash COGS; 20% of physical depreciation is allocated to COGS, SBC in COGS uses its reported Q2 revenue ratio, and component purchases represent 90% of cash COGS. These cost allocations are DR estimates, with 80–100% component-share sensitivities.", "source": "q2-10q"}, {"input": "Security claims and strategic exposure", "classification": "Dilikoğlu Research estimate", "treatment": "Cash and debt securities less principal debt and an operating reserve; separate recovery/tax haircuts for equity investments. Scheduled future equity purchases incur a loss haircut; cash funding includes their full cost. Guarantees are stressed at scenario-specific loss fractions, paid at year 3.5. Existing award shares included once; future SBC stays expensed. Locked public equities are included with the public recovery haircut. Opening current tax and license payables are deducted as separate claims and paid in H2; uncertain-tax settlement fractions are DR estimates. Remaining SBC includes ESPP; 90% is allocated to existing share awards, with 10% retained as an economic expense.", "source": "q2-10q"}, {"input": "Discount rate and terminal value", "classification": "Dilikoğlu Research estimate", "treatment": "Primary FCFF DCF discounted to the last balance-sheet date. FY36 operating earnings support a separate exit EV/EBIT cross-check, never blended. No output targets or automatic multiple matching to the market.", "source": "q2-10q"}, {"input": "Simulation", "classification": "Dilikoğlu Research estimate", "treatment": "20,000 reproducible draws from scenario priors. Shared demand and execution shocks affect growth, margins, working capital, investments and partner losses; discount rates co-move inversely. Dispersion is judgment, not statistical confidence.", "source": "q2-call"}], "native_inputs_url": "https://dilikogluresearch.com/api/model/NVDA"}, "model_note": "DR scenario baseline using FY27 Q2 financials and Q3 guidance. Valuation date July 26, 2026; information reviewed September 14. Forecasts, terminal economics and partner losses remain estimates. No recommendation assigned.", "limitations": ["Customer-group revenue indexes are analyst forecasts, not reported physical GPU unit shipments or ASPs. No unsupported software or China premium.", "Contract schedules beyond FY31 aggregate later years; the model allocates those balances evenly through FY36. Exact payment dates and cancellation rights are not simulated.", "Supply commitments are minimum procurement in the cash model; excess procurement enters inventory and is exposed to impairment. Not all company commitments are noncancelable.", "Operating leases and cloud service use are contained in operating expenses. Partner support payments are separately stressed; no duplicate full contractual debt deduction.", "No automatic buyback accretion, speculative investment gains, acquisition premium or upfront subtraction of all gross guarantees.", "The cash schedule excludes discretionary dividends and repurchases. Negative cash is an unfunded-plan flag; extreme funding failure receives zero common recovery. No new financing is assumed.", "Terminal growth, ROIC and margins are DR estimates. Monte Carlo uses judgment-based correlated shocks, not empirically calibrated probabilities.", "The filing does not fully disaggregate other operating assets/accruals or the ESPP share of unrecognized SBC. The model uses disclosed 80% residual operating fractions and 90% existing-award expense allocation, with sensitivities. Acquisition-related amortization is estimated 90% in opex; remaining expense is in cost of revenue.", "The company does not disclose a complete purchased-component cost ledger. Procurement modeling estimates the portion of cash COGS that consumes supply commitments; it is not a reported cash-purchases forecast."], "links": {"coverage": "https://dilikogluresearch.com/coverage/nvda", "model": "https://dilikogluresearch.com/nvda_model", "native_model": "https://dilikogluresearch.com/api/model/NVDA", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=NVDA"}, "model_version": "fa21bbe1eb200cf87fe048ec2ee8ac8208ba9e044c5deff452315ff10cb7f0ce"}}, {"id": "a097d2c946c1fc3b12d2a60548198db676929c2aa03c27da0205989b228450af", "ticker": "HUT", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "cd8014c110842996dcdf85d7f9c9a3caa3ca27f2c8ea9b962cfa0e2cab4924ca", "research_version": "c32809c954172ef7331b4e984b5a037da8afafbf83e4135df3cf7a4e5c5e8823", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 90.34625009385695, "probability_weighted": 84.0822435327544, "scenarios": {"failure": {"fair_value": 7.225457506976737, "probability": 0.1}, "bear": {"fair_value": 39.723245777030854, "probability": 0.25}, "base": {"fair_value": 90.34625009385695, "probability": 0.45}, "bull": {"fair_value": 163.8653689778169, "probability": 0.2}}, "monte_carlo_median": 79.1092897495608, "method": "Project NAV + risked pipeline option"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 90.34625009385695, "probability_weighted": 84.0822435327544, "scenarios": {"failure": {"fair_value": 7.225457506976737, "probability": 0.1}, "bear": {"fair_value": 39.723245777030854, "probability": 0.25}, "base": {"fair_value": 90.34625009385695, "probability": 0.45}, "bull": {"fair_value": 163.8653689778169, "probability": 0.2}}, "monte_carlo_median": 79.1092897495608, "method": "Project NAV + risked pipeline option"}}], "snapshot": {"schema_version": "1.0", "ticker": "HUT", "company": "Hut 8", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 93.55, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 90.34625009385695, "probability_weighted": 84.0822435327544, "scenarios": {"failure": {"fair_value": 7.225457506976737, "probability": 0.1}, "bear": {"fair_value": 39.723245777030854, "probability": 0.25}, "base": {"fair_value": 90.34625009385695, "probability": 0.45}, "bull": {"fair_value": 163.8653689778169, "probability": 0.2}}, "monte_carlo_median": 79.1092897495608, "method": "Project NAV + risked pipeline option"}, "thesis": {"pillars": ["Long-duration contracted leases anchor the infrastructure valuation.", "Non-recourse project financing can improve capital efficiency while leaving construction and delivery obligations.", "The next source of value is repeat conversion of early-stage power positions into signed, financeable projects."], "variant": "A high-quality infrastructure platform need not be an undervalued stock. Pipeline success must be tested against the market-implied development requirement and the full equity-compensation burden.", "risks": ["Early-stage power positions may fail to convert into contracted projects.", "Open financing terms must not be treated as executed commitments.", "Compensation, project cash restrictions and corporate costs reduce common-equity value."], "summary": "Hut 8’s contracted infrastructure and project-financing model provide a foundation for further development. Additional value depends on converting its power pipeline into signed projects at returns that justify the funding and compensation burden."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.hut8.com/news-insights/press-releases/hut-8-reports-second-quarter-2026-results", "title": "Hut 8 Q2 2026 results", "date": "2026-08-04", "category": "Company Materials", "supports": "Hut 8 Q2 2026 results", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1964789/000110465926090025/hut-20260630x10q.htm", "title": "Hut 8 10-Q", "date": null, "category": "Company Filings", "supports": "Hut 8 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-signs-15-year-245-mw-ai-data-center-lease-at-river-bend-campus-with-total-contract-value", "title": "River Bend lease", "date": "2025-12-17", "category": "Company Materials", "supports": "River Bend lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd3-25-billion-of-investment-grade-senior-secured-notes-in-landmark-financing", "title": "River Bend financing", "date": "2026-04-30", "category": "Financing / Counterparty Sources", "supports": "River Bend financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw", "title": "Beacon P1 lease", "date": "2026-05-06", "category": "Company Materials", "supports": "Beacon P1 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-closes-usd4-25-billion-of-investment-grade-senior-secured-notes-for-beacon-point-data", "title": "Beacon P1 financing", "date": "2026-06-09", "category": "Financing / Counterparty Sources", "supports": "Beacon P1 financing", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-fully-commercializes-1-gw-beacon-point-ai-data-center-campus-with-second-352-mw-it-lease", "title": "Beacon P2 lease", "date": "2026-07-20", "category": "Company Materials", "supports": "Beacon P2 lease", "source_type": "Primary company disclosure"}, {"url": "https://www.hut8.com/news-insights/press-releases/hut-8-affirms-commitment-to-responsible-data-center-development-following-directive-from-texas", "title": "Hut 8 Texas response", "date": "2026-08-10", "category": "Company Materials", "supports": "Hut 8 Texas response", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "65acbe181a338d47377ac4d0bdda4b7398bd5e2a22c09077916617e1528e9b67"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/HUT"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/hut", "model": "https://dilikogluresearch.com/hut_model", "native_model": "https://dilikogluresearch.com/api/model/HUT", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=HUT"}, "model_version": "cd8014c110842996dcdf85d7f9c9a3caa3ca27f2c8ea9b962cfa0e2cab4924ca"}}, {"id": "a2f8b51125d2b54de2505bb04b0d2e4cf3f4a091c97e56ba5be92f354fedd694", "ticker": "IREN", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "962cac2a969d475f3a2c7b25228540c4124874fa4595999dec49fd3c49e39eaa", "research_version": "e41ee1ff4181a502b1b6564bd8ec197b876d302ddbb1419664e0a6871dcd03c2", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 111.22492066760168, "probability_weighted": 98.90941702234045, "scenarios": {"failure": {"fair_value": 6.081111522341276, "probability": 0.1}, "bear": {"fair_value": 43.029821067614165, "probability": 0.25}, "base": {"fair_value": 111.22492066760168, "probability": 0.45}, "bull": {"fair_value": 187.46318151391011, "probability": 0.2}}, "monte_carlo_median": 95.4570649164615, "method": "EV/ARR + residual power value"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 111.22492066760168, "probability_weighted": 98.90941702234045, "scenarios": {"failure": {"fair_value": 6.081111522341276, "probability": 0.1}, "bear": {"fair_value": 43.029821067614165, "probability": 0.25}, "base": {"fair_value": 111.22492066760168, "probability": 0.45}, "bull": {"fair_value": 187.46318151391011, "probability": 0.2}}, "monte_carlo_median": 95.4570649164615, "method": "EV/ARR + residual power value"}}, {"field": "sources", "old_value": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "2ff34739e5c8b7db0ae0ef8d0520e4a7e75fc8d9c9d25bcb3c7442ce1b205d61"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}], "open": [{"title": "Award reconciliation and security settlement", "materiality": "Material", "treatment": "June service/performance awards plus July CEO grants total 38.914m before intervening exercises or forfeitures, versus 38.646m modeled. The 0.268m bridge remains unresolved. Granted awards, net premium dilution and a separate future compensation reserve reduce value, but do not prove all unresolved terms conservative. Exact settlement eligibility and subsequent award movements still require reconciliation; no numerical model change is asserted by this review."}], "summary": "Selected security inputs rechecked against the FY26 Form 10-K on September 24, 2026. The remaining award and settlement reconciliation is material; forecasts remain DR estimates."}}, "new_value": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "2ff34739e5c8b7db0ae0ef8d0520e4a7e75fc8d9c9d25bcb3c7442ce1b205d61"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}], "open": [{"title": "Award reconciliation and security settlement", "materiality": "Material", "treatment": "June service/performance awards plus July CEO grants total 38.914m before intervening exercises or forfeitures, versus 38.646m modeled. The 0.268m bridge remains unresolved. Granted awards, net premium dilution and a separate future compensation reserve reduce value, but do not prove all unresolved terms conservative. Exact settlement eligibility and subsequent award movements still require reconciliation; no numerical model change is asserted by this review.", "status": "Award movements and settlement eligibility remain unreconciled.", "why_it_matters": "Share count and settlement terms affect dilution and equity value.", "valuation_impact": "Included in the current share bridge. No valuation change in this presentation cleanup; reconciliation may change future estimates."}], "summary": "Selected security inputs rechecked against the FY26 Form 10-K on September 24, 2026. The remaining award and settlement reconciliation is material; forecasts remain DR estimates."}}}], "snapshot": {"schema_version": "1.0", "ticker": "IREN", "company": "IREN Limited", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 44.67, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "published_coverage", "model_rating": null, "latest_report": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 44.67, "reference_date": "Inherited model reference; closing date not independently verified", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13"}, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 111.22492066760168, "probability_weighted": 98.90941702234045, "scenarios": {"failure": {"fair_value": 6.081111522341276, "probability": 0.1}, "bear": {"fair_value": 43.029821067614165, "probability": 0.25}, "base": {"fair_value": 111.22492066760168, "probability": 0.45}, "bull": {"fair_value": 187.46318151391011, "probability": 0.2}}, "monte_carlo_median": 95.4570649164615, "method": "EV/ARR + residual power value"}, "thesis": {"pillars": ["Owned power and data-center infrastructure can support financing capacity and residual value beyond the GPU fleet.", "New-cohort AI-cloud pricing must be supported by customer economics; secured power alone does not justify a higher ARR/MW assumption.", "Customer prepayments and project financing can reduce residual common-equity needs, provided commissioning and cash timing align."], "variant": "The underwriting separates the value of delivered AI-cloud economics from owned infrastructure and secured-power optionality. Capacity that has not become a financeable project does not earn the same treatment as operating capacity.", "risks": ["Contract conversion and commissioning may lag the deployment schedule.", "Capital intensity and funding costs may absorb operating gains.", "Options, RSUs, convertible claims and future funding dilute common-share value."], "summary": "IREN’s opportunity is to turn owned power and data-center infrastructure into profitable AI-cloud capacity. Per-share value depends on contract economics, timely deployment and project funding that limits common-equity dilution."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "2ff34739e5c8b7db0ae0ef8d0520e4a7e75fc8d9c9d25bcb3c7442ce1b205d61"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}], "open": [{"title": "Award reconciliation and security settlement", "materiality": "Material", "treatment": "June service/performance awards plus July CEO grants total 38.914m before intervening exercises or forfeitures, versus 38.646m modeled. The 0.268m bridge remains unresolved. Granted awards, net premium dilution and a separate future compensation reserve reduce value, but do not prove all unresolved terms conservative. Exact settlement eligibility and subsequent award movements still require reconciliation; no numerical model change is asserted by this review.", "status": "Award movements and settlement eligibility remain unreconciled.", "why_it_matters": "Share count and settlement terms affect dilution and equity value.", "valuation_impact": "Included in the current share bridge. No valuation change in this presentation cleanup; reconciliation may change future estimates."}], "summary": "Selected security inputs rechecked against the FY26 Form 10-K on September 24, 2026. The remaining award and settlement reconciliation is material; forecasts remain DR estimates."}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/IREN"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/iren", "model": "https://dilikogluresearch.com/iren_model", "native_model": "https://dilikogluresearch.com/api/model/IREN", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=IREN"}, "model_version": "962cac2a969d475f3a2c7b25228540c4124874fa4595999dec49fd3c49e39eaa"}}, {"id": "a419bb2068ebc25fd30ff0a226c95c53bbc09aa2ba1de0ad0a189e45553ff32d", "ticker": "CIFR", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "bd56dedae9b509553202b6ba169db14fdc12db8fa0556b6263d69a06421c5649", "research_version": "fa040f1458cea5a6fa9d606ba031bdf6e49bdfad8203c40159a37f8fa1c42990", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 22.28325099556435, "probability_weighted": 20.791005782122816, "scenarios": {"failure": {"fair_value": 0.6227908477196142, "probability": 0.1}, "bear": {"fair_value": 7.39949900410001, "probability": 0.25}, "base": {"fair_value": 22.28325099556435, "probability": 0.45}, "bull": {"fair_value": 44.25694499160946, "probability": 0.2}}, "monte_carlo_median": 18.327755489869983, "method": "Contract DCF + risked pipeline NAV"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 22.28325099556435, "probability_weighted": 20.791005782122816, "scenarios": {"failure": {"fair_value": 0.6227908477196142, "probability": 0.1}, "bear": {"fair_value": 7.39949900410001, "probability": 0.25}, "base": {"fair_value": 22.28325099556435, "probability": 0.45}, "bull": {"fair_value": 44.25694499160946, "probability": 0.2}}, "monte_carlo_median": 18.327755489869983, "method": "Contract DCF + risked pipeline NAV"}}], "snapshot": {"schema_version": "1.0", "ticker": "CIFR", "company": "Cipher Mining", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 17.74, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 22.28325099556435, "probability_weighted": 20.791005782122816, "scenarios": {"failure": {"fair_value": 0.6227908477196142, "probability": 0.1}, "bear": {"fair_value": 7.39949900410001, "probability": 0.25}, "base": {"fair_value": 22.28325099556435, "probability": 0.45}, "bull": {"fair_value": 44.25694499160946, "probability": 0.2}}, "monte_carlo_median": 18.327755489869983, "method": "Contract DCF + risked pipeline NAV"}, "thesis": {"pillars": ["Contracted HPC leases are valued through lease cash flow and NOI rather than neocloud ARR multiples.", "Uncontracted power and sites receive readiness-weighted development value, with delivery and financing gates.", "Project debt reduces the external equity requirement but does not remove residual funding and dilution."], "variant": "The key comparison is contracted lease value plus risked development NAV, after capital requirements. NOI per MW is not directly comparable with GPU-cloud ARR per MW.", "risks": ["Pipeline conversion may fall short of risked capacity assumptions.", "Development cost and project-debt terms may worsen.", "Warrants, converts and residual financing can dilute project-level gains."], "summary": "Cipher’s investment case rests on contracted HPC lease cash flows and the conversion of development sites into financeable projects. Construction costs, financing terms and dilution determine how much project value reaches each share."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/q226_earningsxprxdraftxvf.htm", "title": "Q2 2026 results / balance sheet", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 results / balance sheet", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000038/cipherdigital_businessup.htm", "title": "Q2 2026 investor presentation", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 investor presentation", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000041/cifr-20260630.htm", "title": "Q2 2026 Form 10-Q", "date": "2026-08-04", "category": "Company Filings", "supports": "Q2 2026 Form 10-Q", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_ex9901.htm", "title": "Barber Lake initial lease", "date": "2025-09-25", "category": "Company Filings", "supports": "Barber Lake initial lease", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_ex9901.htm", "title": "Barber Lake expansion", "date": "2025-11-20", "category": "Company Filings", "supports": "Barber Lake expansion", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000181998926000007/cipherdigital_businessup.htm", "title": "Black Pearl AWS lease / financing", "date": "2026-02-24", "category": "Financing / Counterparty Sources", "supports": "Black Pearl AWS lease / financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326001480/dp240991_ex9901.htm", "title": "Black Pearl financing", "date": "2026-02-03", "category": "Financing / Counterparty Sources", "supports": "Black Pearl financing", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1819989/000095010326008635/dp248110_ex9901.htm", "title": "Stingray AWS lease / financing", "date": "2026-06-08", "category": "Financing / Counterparty Sources", "supports": "Stingray AWS lease / financing", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "3b8ba4054131308c8a70ab83df2ecb5890d30b44498e174b022131c58ad3b0da"}, "evidence_review": {}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/CIFR"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/cifr", "model": "https://dilikogluresearch.com/cifr_model", "native_model": "https://dilikogluresearch.com/api/model/CIFR", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=CIFR"}, "model_version": "bd56dedae9b509553202b6ba169db14fdc12db8fa0556b6263d69a06421c5649"}}, {"id": "a70a906c146eab4829f3ed93dbdc03420275dbeeb59a6f6b7237378ddbce739c", "ticker": "AVGO", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-21", "model_version": "e05cf422d8f055f4c2b67445311a0346ed177be95718422d96c6c8ad1cf91cf0", "research_version": "735704db2156ab613ab97c0090fb2108981dbbed5999435432ef7b646e223cab", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 510.9293792108671, "probability_weighted": 489.3836220475514, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 163.0636584197142, "probability": 0.25}, "base": {"fair_value": 510.9293792108671, "probability": 0.45}, "bull": {"fair_value": 1093.4974339886635, "probability": 0.2}}, "monte_carlo_median": 423.1075307173081, "method": "Q4 FY2026–FY2035 FCFF DCF; AMD discount conventions; exit EV/EBIT cross-check"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 510.9293792108671, "probability_weighted": 489.3836220475514, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 163.0636584197142, "probability": 0.25}, "base": {"fair_value": 510.9293792108671, "probability": 0.45}, "bull": {"fair_value": 1093.4974339886635, "probability": 0.2}}, "monte_carlo_median": 423.1075307173081, "method": "Q4 FY2026–FY2035 FCFF DCF; AMD discount conventions; exit EV/EBIT cross-check"}}], "snapshot": {"schema_version": "1.0", "ticker": "AVGO", "company": "Broadcom Inc.", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-08-02", "valuation_horizon": null, "reference_price": {"value": 357.61, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 510.9293792108671, "probability_weighted": 489.3836220475514, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 163.0636584197142, "probability": 0.25}, "base": {"fair_value": 510.9293792108671, "probability": 0.45}, "bull": {"fair_value": 1093.4974339886635, "probability": 0.2}}, "monte_carlo_median": 423.1075307173081, "method": "Q4 FY2026–FY2035 FCFF DCF; AMD discount conventions; exit EV/EBIT cross-check"}, "thesis": {"summary": "Broadcom research tests AI silicon growth and infrastructure software cash generation against customer concentration, procurement commitments and financing support.", "pillars": ["AI and non-AI semiconductors reconcile with infrastructure software.", "Base follows near-term guidance and management multi-year AI outlook.", "Contract balances, stock compensation and customer support determine economic cash returns."], "risks": ["Power-site readiness and customer spending may delay deployment.", "Customer notes and backstop commitments can absorb cash.", "Long-term growth and terminal margins account for much of intrinsic value."], "variant": "Custom silicon demand is valuable only when delivery and collections translate into sustainable cash returns."}, "governance": [{"signal": "AI revenue realization", "trigger": "FY2027 / FY2028 below $115bn / $230bn outlook", "action": "Reassess deployment, customer funding and growth duration."}, {"signal": "Cash conversion", "trigger": "Persistent cash FCF margin below 40% despite sales growth", "action": "Audit collections, contract assets, procurement and customer support."}, {"signal": "Customer support", "trigger": "Backstop called, material note draw or customer default", "action": "Update liquidity timing and expected recovery before revising valuation."}, {"signal": "Operating durability", "trigger": "Economic margin trends below scenario assumptions", "action": "Review product mix, R&D and SBC; do not offset with a higher multiple."}], "sources": {"model_sources": [{"id": "q3-10q", "title": "FY2026 Q3 Form 10-Q", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm"}, {"id": "q3-results", "title": "FY2026 Q3 results and Q4 outlook", "date": "2026-09-02", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial"}, {"id": "q3-call", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "date": "2026-09-09", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/"}, {"id": "price", "title": "September 18 regular-session close", "date": "2026-09-18", "url": "https://stockanalysis.com/stocks/avgo/history/"}, {"id": "q3-call-crosscheck", "title": "Q3 management call transcript cross-check", "date": "2026-09-02", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/"}, {"id": "goldman-conference", "title": "September 8 management conference remarks (third-party transcript)", "date": "2026-09-08", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/"}], "public_evidence": [{"category": "Company Filings", "title": "FY2026 Q3 Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "FY2026 Q3 results and Q4 outlook", "url": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "date": "2026-09-02", "source_type": "Primary company disclosure", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Management Q3 call remarks (third-party transcript; published September 9)", "url": "https://www.fool.com/earnings/call-transcripts/2026/09/09/broadcom-avgo-q3-2026-earnings-call-transcript/", "date": "2026-09-09", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Industry / Market Data", "title": "September 18 regular-session close", "url": "https://stockanalysis.com/stocks/avgo/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "Q3 management call transcript cross-check", "url": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "date": "2026-09-02", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}, {"category": "Company Materials", "title": "September 8 management conference remarks (third-party transcript)", "url": "https://stockanalysis.com/stocks/avgo/transcripts/746379-goldman-sachs-communacopia-technology-conference-2026/", "date": "2026-09-08", "source_type": "Management remarks via third-party transcript", "supports": "Financial anchors, management outlook or dated price reference; see model input register for exact treatment."}], "lineage": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "model_provenance": {"command": "node scripts/build_avgo.cjs", "input_sha256": "d67738426f4b33cf512e7e3bc894c02dc4785bde5f78bf9ad4e0680e6368c13b", "engine_sha256": "927c4cc0a232cf0168d5cf4f7ecab4757c194b988059ec52e9628f07236db3be"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.q3Revenue", "value": 29.591, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Semiconductor", "value": 20.839, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Software", "value": 8.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ai", "value": 16.7, "classification": "Reported", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.0", "value": 12.77, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentEbit.1", "value": 7.325, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.0", "value": 6.892, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3SegmentCogs.1", "value": 0.508, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Sbc", "value": 2.019, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Amortization", "value": 2.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Restructuring", "value": 0.115, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3Ebit", "value": 15.955, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.q3NonGaapEbit", "value": 20.095, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdRevenue", "value": 71.089, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCfo", "value": 32.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdCapex", "value": 1.013, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdDepreciation", "value": 0.484, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdSbc", "value": 6.287, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.cash", "value": 23.975, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.receivables", "value": 13.707, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.inventory", "value": 4.523, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payables", "value": 4, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractAssets", "value": 11.901, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.currentContractAssets", "value": 7.187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.prepaidExpenses", "value": 1.963, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherCurrentAssets", "value": 0.818, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.contractLiabilities", "value": 13.124, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.payroll", "value": 1.506, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherAccruals", "value": 0.986, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.taxPayable", "value": 1.971, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.interestPayable", "value": 0.622, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.uncertainTaxBenefits", "value": 1.755, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.globalMinimumTaxPayable", "value": 2.186, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ppe", "value": 3.144, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtPrincipal", "value": 61.079, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtCarrying", "value": 59.419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ordinaryShares", "value": 4.774, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.subsequentOrdinaryShares", "value": 4.773629865, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rsus", "value": 0.165, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.unrecognizedSbc", "value": 18.221, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.0", "value": 2.029, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.1", "value": 7.265, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.2", "value": 5.178, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.3", "value": 2.927, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.existingSbcSchedule.4", "value": 0.822, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.0", "value": 2.008, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.1", "value": 6.98, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.2", "value": 5.833, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.3", "value": 4.686, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.4", "value": 3.479, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.amortizationSchedule.5", "value": 3.339, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.0", "value": 1.11, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.1", "value": 52.674, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.2", "value": 72.952, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.3", "value": 0.085, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.4", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.purchaseCommitments.5", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.0", "value": 0.313, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.1", "value": 0.758, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.2", "value": 0.778, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.3", "value": 0.904, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.4", "value": 0.303, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.serviceCommitments.5", "value": 0.885, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.0", "value": 2.252, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.1", "value": 0, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.2", "value": 5.127, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.3", "value": 2.405, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.4", "value": 6.406, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.debtMaturities.5", "value": 44.889, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.revolverCapacity", "value": 7.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.backstopMaximum", "value": 29, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.conditionalCustomerNotesMaximum", "value": 42, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpo", "value": 179.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.rpoNext12MonthFraction", "value": 0.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.ytdFactoredReceivables", "value": 3.95, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermAssets", "value": 8.705, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "actual.otherLongTermLiabilities", "value": 3.543, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Filing or release amount, converted to billions. Guidance and company commentary kept separate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Revenue", "value": 34.8, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Ai", "value": 21.7, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Software", "value": 8.7, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonAiRounded", "value": 4.3, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Semiconductor", "value": 26.1, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4NonGaapOperatingMargin", "value": 0.66, "classification": "Management guidance-commentary", "sourceUrl": "https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4GrossMargin", "value": 0.73, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4TaxRate", "value": 0.16, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4Capex", "value": 1.4, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.q4DilutedShares", "value": 4.94, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY27", "value": 115, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.aiFY28", "value": 230, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "guidance.fy28EpsFloor", "value": 30, "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/avgo/transcripts/685349-q3-2026/", "note": "Management outlook; transcription cross-checked. Not a contracted revenue guarantee.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.reserve", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.openingPpeLife", "value": 4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.newAssetLife", "value": 5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.otherCurrentAssetOperatingFraction", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.awardPayout", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.revolverExpiryTime", "value": 3.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopPaymentTime", "value": 2.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanPaymentTime", "value": 1.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.conditionalLoanRecoveryTime", "value": 5.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.componentShareOfSemiCogs", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractAssetSoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.contractLiabilitySoftwareShare", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.015, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4GuidanceFactor", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.0", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGuidanceFactors.1", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.0", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.aiGrowthFY29FY30.1", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.nonAiGrowth", "value": -0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareGrowth", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.q4MarginAdjustment", "value": -0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.softwareMargin", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.semiFY30Margin", "value": 0.32, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalEconomicMargin", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.sbcRatio", "value": 0.085, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.terminalSbcRatio", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.taxRate", "value": 0.23, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.receivableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryDays", "value": 130, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.payableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.contractAssetFactor", "value": 1.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.deferredFactor", "value": 0.7, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.inventoryLossRate", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.backstopLossFraction", "value": 0.35, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanDrawFraction", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.conditionalLoanRecovery", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.uncertainTaxSettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverAvailability", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverRate", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.0.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4GuidanceFactor", "value": 0.95, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.0", "value": 0.8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGuidanceFactors.1", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.0", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.aiGrowthFY29FY30.1", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.nonAiGrowth", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.q4MarginAdjustment", "value": -0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.softwareMargin", "value": 0.78, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.semiFY30Margin", "value": 0.48, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalEconomicMargin", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.sbcRatio", "value": 0.075, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.terminalSbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.taxRate", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.receivableDays", "value": 55, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryDays", "value": 100, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.payableDays", "value": 60, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.contractAssetFactor", "value": 1.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.deferredFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.inventoryLossRate", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.backstopLossFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanDrawFraction", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.conditionalLoanRecovery", "value": 0.6, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.uncertainTaxSettlement", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverAvailability", "value": 0.75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverRate", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.1.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4GuidanceFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.0", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGuidanceFactors.1", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.0", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.aiGrowthFY29FY30.1", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.nonAiGrowth", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareGrowth", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.q4MarginAdjustment", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.softwareMargin", "value": 0.84, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.semiFY30Margin", "value": 0.58, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalEconomicMargin", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.sbcRatio", "value": 0.068, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.terminalSbcRatio", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.taxRate", "value": 0.18, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.receivableDays", "value": 45, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryDays", "value": 75, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.payableDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.contractAssetFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.deferredFactor", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.inventoryLossRate", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.backstopLossFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanDrawFraction", "value": 0.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.conditionalLoanRecovery", "value": 0.85, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.uncertainTaxSettlement", "value": 0.5, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverRate", "value": 0.065, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.2.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 28, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4GuidanceFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.0", "value": 1.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGuidanceFactors.1", "value": 1.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.0", "value": 0.4, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.aiGrowthFY29FY30.1", "value": 0.3, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.nonAiGrowth", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareGrowth", "value": 0.2, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.q4MarginAdjustment", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.softwareMargin", "value": 0.86, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.semiFY30Margin", "value": 0.62, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalEconomicMargin", "value": 0.54, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.sbcRatio", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.terminalSbcRatio", "value": 0.045, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.taxRate", "value": 0.16, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.025, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.receivableDays", "value": 40, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryDays", "value": 65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.payableDays", "value": 70, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.contractAssetFactor", "value": 0.9, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.deferredFactor", "value": 1.05, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.inventoryLossRate", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.backstopLossFraction", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanDrawFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.conditionalLoanRecovery", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.uncertainTaxSettlement", "value": 0.25, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverAvailability", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverRate", "value": 0.06, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.scenarios.3.revolverDrawFee", "value": 0.005, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.backstopOverlapFraction", "value": 0, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "estimates.residualLongTermLiabilitySettlement", "value": 1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.draws", "value": 20000, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.seed", "value": 20260920, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.demandSigma", "value": 0.07, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.growthSigma", "value": 0.08, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.marginSigma", "value": 0.02, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.executionCorrelation", "value": 0.65, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.daysSigma", "value": 8, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.waccSigma", "value": 0.008, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.capexSigma", "value": 0.15, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.terminalGrowthSigma", "value": 0.003, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.backstopSigma", "value": 0.04, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.contractSigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.recoverySigma", "value": 0.1, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "simulation.fundingSigma", "value": 0.12, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.0.time", "value": 4.457534246575342, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.1.time", "value": 6.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.coupon", "value": 0.0495, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.2.time", "value": 9.46027397260274, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.principal", "value": 1.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.coupon", "value": 0.057, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.3.time", "value": 29.473972602739725, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.coupon", "value": 0.042, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.4.time", "value": 4.205479452054795, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.5.time", "value": 9.545205479452054, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.principal", "value": 0.698, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.6.time", "value": 11.547945205479452, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.coupon", "value": 0.046, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.7.time", "value": 3.9534246575342467, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.coupon", "value": 0.049, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.8.time", "value": 5.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.principal", "value": 2.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.9.time", "value": 8.956164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.10.time", "value": 1.704109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.principal", "value": 0.8, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.coupon", "value": 0.0505, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.11.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.principal", "value": 1.1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.coupon", "value": 0.052, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.12.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.coupon", "value": 0.0435, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.13.time", "value": 3.5424657534246577, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.principal", "value": 0.875, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.coupon", "value": 0.0455, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.14.time", "value": 5.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.coupon", "value": 0.048, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.15.time", "value": 8.208219178082192, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.coupon", "value": 0.0515, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.16.time", "value": 5.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.coupon", "value": 0.04, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.17.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.principal", "value": 1.2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.18.time", "value": 5.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.principal", "value": 0.654, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.coupon", "value": 0.04926, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.19.time", "value": 10.791780821917808, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.coupon", "value": 0.03137, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.20.time", "value": 9.293150684931506, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.coupon", "value": 0.03187, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.21.time", "value": 10.295890410958904, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.principal", "value": 2.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.coupon", "value": 0.03419, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.22.time", "value": 6.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.principal", "value": 3.25, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.coupon", "value": 0.03469, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.23.time", "value": 7.706849315068493, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.coupon", "value": 0.0195, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.24.time", "value": 1.5397260273972602, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.principal", "value": 2.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.coupon", "value": 0.0245, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.25.time", "value": 4.542465753424658, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.coupon", "value": 0.026, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.26.time", "value": 6.545205479452055, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.principal", "value": 3, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.27.time", "value": 14.550684931506849, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.principal", "value": 1.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.coupon", "value": 0.0375, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.28.time", "value": 24.556164383561644, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.principal", "value": 0.752, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.coupon", "value": 0.03459, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.29.time", "value": 0.12054794520547946, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.principal", "value": 0.606, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.coupon", "value": 0.05, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.30.time", "value": 3.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.principal", "value": 1.856, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.coupon", "value": 0.0415, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.31.time", "value": 4.2904109589041095, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.principal", "value": 2, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.coupon", "value": 0.043, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.32.time", "value": 6.293150684931507, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.principal", "value": 1.655, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.coupon", "value": 0.0475, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.33.time", "value": 2.7041095890410958, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.principal", "value": 0.777, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.coupon", "value": 0.035, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.34.time", "value": 1.4547945205479451, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.coupon", "value": 0.014, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.35.time", "value": 0.03561643835616438, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.coupon", "value": 0.018, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.36.time", "value": 2.0383561643835617, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.coupon", "value": 0.047, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.37.time", "value": 3.786301369863014, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.principal", "value": 1.5, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.coupon", "value": 0.022, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.38.time", "value": 5.038356164383561, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.principal", "value": 0.006, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.coupon", "value": 0.045, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.39.time", "value": 8.04109589041096, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.principal", "value": 1, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.coupon", "value": 0.0454, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.40.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.principal", "value": 0.75, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.coupon", "value": 0.04489, "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Independent research assumption; source provides context rather than this numerical forecast.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "debt.41.time", "value": 1.7863013698630137, "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/avgo-20260802.htm", "note": "Midpoint of disclosed debt maturity month; DR timing estimate.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}, {"path": "referencePrice", "value": 357.61, "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/avgo/history/", "note": "September 18 regular close, cross-checked with FinanceCharts. Not a live quote.", "model_as_of": "2026-09-21", "unit": null, "unit_context": "USD billions and billion shares unless otherwise stated", "source_date": null}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Sector valuation framework", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Use AMD scenario probabilities, WACC, terminal growth, ROIC and exit multiples. Perpetuity FCFF is primary, consistent with NVDA and AMD; exit EBIT multiple is a separate cross-check. Broadcom operating forecasts remain independent."}, {"input": "Near-term and multi-year outlook", "classification": "Management guidance-commentary", "source": "q3-call-crosscheck", "treatment": "Base Q4 revenue $34.8bn and non-GAAP operating margin 66%; AI FY2027/28 revenue $115bn/$230bn from management call, corroborated across transcripts. Q4 capex $1.4bn and tax16%. Non-AI residual reconciles rounded segment guidance."}, {"input": "Segment economics", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "AI plus non-AI reconcile semiconductor revenue; software remains separate. Q4 semiconductor operating margin is solved against consolidated guidance and estimated software margin. Long-term margins include an explicit future-SBC charge. Segment cash cost ratios use filing tables, not inconsistent third-party transcript gross-margin text."}, {"input": "Awards and cash conversion", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "August common shares plus outstanding RSUs; add back only remaining compensation attached to those existing awards. Future SBC remains an economic cost. Contract assets/liabilities include long-term balances. Changes in deferred revenue enter CFO through NWC once. Factoring is not added again."}, {"input": "Financial support and commitments", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Conditional customer notes are potential Broadcom investments, not debt. Model cash advance and later recovery separately from maximum backstop exposure. No offset between losses is assumed without evidence that contractual claims overlap; full-overlap sensitivity is shown. Procurement commitments constrain inventory purchases and can trigger excess-inventory losses. Service commitments form a floor under recurring cash expenses, not a second expense."}, {"input": "Debt and tax claims", "classification": "Dilikoğlu Research estimate", "source": "q3-10q", "treatment": "Debt ledger principal/coupons match reported $61.079bn; maturity times use disclosed month midpoints. Principal is subtracted from opening equity once and repaid in liquidity schedules. Opening tax and accrued-interest claims are deducted once and paid from cash. Revolver is capped, not renewed beyond January2030; no CP duplication."}, {"input": "Outlook and cash-flow cross-check", "classification": "Management guidance-commentary", "source": "goldman-conference", "treatment": "September 8 remarks reiterate the FY2027/28 AI outlook and describe mid-40s free-cash-flow conversion. This is a reasonableness check on cash FCF before future stock compensation is treated as an economic cost. Transcript numerical/unit errors mean the filing and formal release retain precedence."}, {"input": "Scenario execution and taxes", "classification": "Dilikoğlu Research estimate", "source": "q3-call-crosscheck", "treatment": "FY2027/28 AI realization factors apply directly to each annual management outlook, without a second Q4 execution haircut. Q4 cash-tax proxy uses management 16%; subsequent periods use scenario normalized tax rates. The non-GAAP guided rate is applied to modeled taxable operating earnings as an explicit DR approximation."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AVGO"}, "model_note": "DR scenario baseline using August 2 financials and September management outlook. Valuation date August 2; frozen September 18 price comparison. Future operating and financing values are estimates. No recommendation assigned.", "limitations": ["Multi-year AI outlook and EPS commentary are corroborated across the Q3 call transcripts and September 8 conference transcript. The underlying webcast was not independently transcribed; these remain management commentary reported by third-party transcripts, not contracted orders.", "Call transcript contains inconsistent semiconductor gross-margin wording versus segment tables. Filing-based segment costs and operating profit take precedence.", "Q4 rounded AI/non-AI/software outlook sums to $34.7bn; use $26.1bn semiconductor less $21.7bn AI = $4.4bn non-AI to reconcile $34.8bn total. $0.1bn is a DR rounding bridge.", "The $29bn disclosed maximum backstop exposure already reflects contractual structure; do not multiply it by 85% again. $42bn conditional customer notes are not Broadcom debt or an existing receivable. Exposure overlap must be stressed without duplicate loss recognition.", "Valuation starts August 2 like the peer quarter-end framework; September 18 price is a dated comparison, not a September balance sheet. August subsequent debt repayment belongs in the Q4 cash schedule.", "Contract assets and deferred revenue must include both current and long-term balances. RPO is not added to sales or counted as cash.", "Post-FY2028 growth, margins, working capital, loan utilization and recovery are DR estimates. No automatic acquisition, buyback or share-price uplift.", "No contractual loss offset between customer notes and the backstop is assumed. Both cash exposures are modeled; a full-overlap sensitivity shows the alternative. Cash-flow conversion is compared with management commentary before treating future SBC as an economic cost; cash FCF is not the same as valuation FCFF.", "Residual long-term assets beyond contract assets receive no separate equity uplift because their recoverable non-operating value is not established. Residual other long-term liabilities beyond global minimum tax are conservatively reserved in full; the zero-reserve alternative is sensitized. Deferred taxes are represented through normalized cash taxes, not a second balance-sheet claim.", "Quarterly opening period is approximated as 0.25 years; annual liquidity steps can miss intraperiod cash troughs. Revolver capacity expires without assumed renewal. Future discretionary dividends and buybacks are omitted; only the declared dividend is in the cash schedule.", "Quarterly gross margin guidance anchors the semiconductor cost ratio after holding software cost ratio at its reported level. Later gross-cost ratios are DR estimates held constant while operating margins normalize.", "Customer notes may be issued in kind or for cash under conditions not fully disclosed. The model treats the selected utilization as a cash advance as a conservative DR estimate; zero and full-cash-draw sensitivities bound this uncertainty."], "links": {"coverage": "https://dilikogluresearch.com/coverage/avgo", "model": "https://dilikogluresearch.com/avgo_model", "native_model": "https://dilikogluresearch.com/api/model/AVGO", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AVGO"}, "model_version": "e05cf422d8f055f4c2b67445311a0346ed177be95718422d96c6c8ad1cf91cf0"}}, {"id": "d8f4678cfee0da76c9443d51660b3096d23ce556099585db5c46ba2c2e73a5d9", "ticker": "SKHY", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-21", "model_version": "189a3194c9ddfd5eeaa1ebda41d212dbb31783e0e9c1fa8cdf00c2390100a059", "research_version": "4ebe28daa9bbb546cf1d8424e8ae19f5f9314eba67416beba8f9dc9ff7bc0ffe", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/ADS", "base": 244.37117080340167, "probability_weighted": 230.16485470483354, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 76.25303575531507, "probability": 0.25}, "base": {"fair_value": 244.37117080340167, "probability": 0.45}, "bull": {"fair_value": 505.67284452237, "probability": 0.2}}, "monte_carlo_median": 211.46615690034346, "method": "FY2027–2036 FCFF DCF; normalized earnings cross-check"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/ADS", "base": 244.37117080340167, "probability_weighted": 230.16485470483354, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 76.25303575531507, "probability": 0.25}, "base": {"fair_value": 244.37117080340167, "probability": 0.45}, "bull": {"fair_value": 505.67284452237, "probability": 0.2}}, "monte_carlo_median": 211.46615690034346, "method": "FY2027–2036 FCFF DCF; normalized earnings cross-check"}}], "snapshot": {"schema_version": "1.0", "ticker": "SKHY", "company": "SK hynix", "currency": "USD", "model_as_of": "2026-09-21", "valuation_date": "2026-12-31", "valuation_horizon": "FY2027–2036", "reference_price": {"value": 187.5, "date": "2026-09-18", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/ADS", "base": 244.37117080340167, "probability_weighted": 230.16485470483354, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 76.25303575531507, "probability": 0.25}, "base": {"fair_value": 244.37117080340167, "probability": 0.45}, "bull": {"fair_value": 505.67284452237, "probability": 0.2}}, "monte_carlo_median": 211.46615690034346, "method": "FY2027–2036 FCFF DCF; normalized earnings cross-check"}, "thesis": {"summary": "SK hynix research tests HBM leadership and memory pricing against capital reinvestment, cycle normalization and shareholder claims. Values use the Nasdaq ADS basis.", "pillars": ["HBM is modeled within DRAM, with NAND and Solidigm consolidated.", "Q2 results and management capacity commentary anchor a separate forecast of volume, pricing and cash returns.", "Buyback cash, share claims, noncore investments and currency translation reconcile to USD per ADS."], "risks": ["Customer qualification and packaging ramps may fall behind demand.", "Memory pricing and investment gains can obscure sustainable cash returns.", "The ADS premium, KRW exchange rate and recent listing history complicate market comparisons."], "variant": "Capacity leadership creates value when volume and pricing generate returns above the capital required."}, "governance": [{"signal": "HBM execution", "review_trigger": "Ramp delayed two quarters or volume15%below plan", "action": "Review packaging and customer qualification."}, {"signal": "Pricing", "review_trigger": "ASP15%below plan or gross margin5ppbelow plan for two quarters", "action": "Rebuild price/cost curve."}, {"signal": "Capital returns", "review_trigger": "Capex20%above plan without corresponding output", "action": "Review cash returns and terminalROIC."}, {"signal": "Liquidity", "review_trigger": "Adjusted reserve below KRW10trn", "action": "Explicitly underwrite financing before release."}, {"signal": "Claims / FX", "review_trigger": "Buyback, FX or investment carrying values materially differ", "action": "Refresh cash, shares and ADS conversion together."}], "sources": {"model_sources": [{"id": "h1", "date": "2026-08-18", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm"}, {"id": "h1-mirror", "date": "2026-08-18", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/"}, {"id": "q2", "date": "2026-07-29", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/"}, {"id": "deck", "date": "2026-07-29", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf"}, {"id": "ipo", "date": "2026-07-10", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm"}, {"id": "closing", "date": "2026-07-15", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm"}, {"id": "buyback", "date": "2026-08-19", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/"}, {"id": "fx", "date": "2026-09-18", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18"}, {"id": "price", "date": "2026-09-18", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical"}, {"id": "local-price", "date": "2026-09-18", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/"}], "public_evidence": [{"category": "Company Materials", "title": "Reviewed consolidated H1 2026 financial statements", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "date": "2026-08-18", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company H1 filing — public text mirror", "url": "https://financialfilings.com/filings/sk-hynix-inc/interim-quarterly-report/2026/56530973/", "date": "2026-08-18", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Q2 2026 results and outlook", "url": "https://news.skhynix.com/en/q2-2026-business-results/", "date": "2026-07-29", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Company Q2 earnings presentation — public mirror", "url": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "date": "2026-07-29", "source_type": "Primary company disclosure — public mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Final ADS prospectus", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "date": "2026-07-10", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "Completed July equity offering", "url": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm", "date": "2026-07-15", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Company Materials", "title": "KRW40trn repurchase and retirement authorization", "url": "https://news.skhynix.com/en/share-buyback-and-retirement/", "date": "2026-08-19", "source_type": "Primary company disclosure", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Banque de France EUR reference parities; KRW/USD calculated as KRW/EUR divided by USD/EUR", "url": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18", "date": "2026-09-18", "source_type": "Primary disclosure / public document mirror", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Nasdaq ADS historical close", "url": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}, {"category": "Industry / Market Data", "title": "Korean ordinary historical close", "url": "https://stockanalysis.com/quote/krx/000660/history/", "date": "2026-09-18", "source_type": "Market data", "supports": "Dated inputs and estimates distinguished in the model source register."}], "lineage": [{"input": "June consolidated balances and income", "classification": "Reported", "source": "h1", "treatment": "June 30 consolidated statements, not parent-only accounts. KRW millions converted to trillions. Q2 D&A rounded from the earnings deck. Investment gains and dividends are excluded from forecast operating FCFF. Exchangeable bonds fully exercised by June; weighted-average EPS dilution is not a remaining convert claim."}, {"input": "Listing, FX and July offering", "classification": "Reported", "source": "ipo", "treatment": "One ADS represents 0.1 ordinary share. June outstanding ordinary shares plus 17.79m newly issued shares. Net offering proceeds before other expenses translated at the July 14 closing FX. September 18 ECB-derived KRW/USD is a dated translation convention, not a live quote. Forecast FX and IPO other costs are estimates."}, {"input": "Buyback and share awards", "classification": "Dilikoğlu Research estimate", "source": "buyback", "treatment": "Assume full KRW40trn authorized buyback completes by opening 2027 at September 18 Korean ordinary close. Deduct the cash and the corresponding ordinary shares together. This is an estimated completion bridge, not a claim of purchases already executed. Add 1m ordinary award-equivalent claims, stress 0.5–2m. Cash costs retain future SBC; no perpetual buyback benefit."}, {"input": "Q3 volumes and FY26 investment", "classification": "Management guidance-commentary", "source": "deck", "treatment": "Q3 DRAM approximately 10% sequential bit growth, NAND low-single-digit growth. Model3% NAND midpoint and KRW47–49trn interpretation of high-40trn capex are DR arithmetic. No annual2027 revenue or margin guidance is claimed."}, {"input": "HBM allocation, supply and pricing", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "HBM included within DRAM. Q2 DRAM/NAND shares73/27% are rounded presentation mix proxies; HBM KRW14trn allocation is not disclosed and stressed10–18trn. FY27 demand and ASP indexes reference annualizedQ2. Shared wafer capacity, node productivity, packaging and NAND constrain shipment demand. MU price-normalization rates, priors and terminal return conventions are shared; SK hynix volume, pricing levels, taxes and capex are separately underwritten."}, {"input": "Opening cash and non-operating investments", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash plus short-term financial instruments/investments less borrowings, current tax net of tax receivable, customer advances and claims. Long-term financial instruments added separately; long-term investments and associates receive scenario recovery haircuts, with an explicit KRW15trn realization-tax reserve at Base rather than adding investment gains to earnings. Reported deferred-tax liabilities are covered within that reserve, not deducted twice. Operating lease payments remain in operating costs; leases are not subtracted again as financial debt. Noncontrolling interests and subsidiary award reserve deducted."}, {"input": "H2 bridge and capital commitments", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "H2 revenue200trn,83%gross margin and14trn opex are research forecasts anchored to Q2 and Q3 bit-growth outlook. H2 PPE cash capex48trn minus reported H1 capex plus0.7trn intangibles. ScenarioH2 revenue factors vary. June61.485trn purchase commitments are scheduled within annual cash-capex floors, not deducted again as debt. No value assigned to unconfirmed Japan, packaging disposals or Solidigm fundraising."}, {"input": "Operating costs, assets and working capital", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash product costs allocated from reported Q2 COGS excluding estimated90%manufacturing D&A. Annual asset cohorts charge D&A once;7/20-year lives, land/CIP/equipment allocations and commissioning lags are assumptions. Other non-trade payables are not all treated as operating:8trn opening operating-accrual proxy, rest represented in cash capex and claim reserves. Tax25%, future margins and capital floors are forecasts, not reported results. Lease D&A is removed from the FCFF add-back using half of H1 ROU depreciation as a Q2 proxy; recurring lease expense remains in costs. H2 and later D&A are research asset-schedule estimates."}, {"input": "DCF, Monte Carlo and portfolio evidence", "classification": "Dilikoğlu Research estimate", "source": "q2", "treatment": "Five operating years plus five normalization years; terminal cash reinvestment NOPAT×growth/ROIC. Correlated cycle, execution, costs, capex, working capital, WACC, FX, HBM allocation, noncore recovery and award uncertainty. Judgment-based probabilities, no calibration to market. USD ADS short history must not be filled with Korean ordinary returns."}], "model_provenance": {"command": "node scripts/build_skhy.cjs", "input_sha256": "e325c12ce0476d5cf86b670374c1a90d08d03dade7ff451159d5c7477fa71e9f", "engine_sha256": "6926f2824be949319e86edf18c81af0a3b3dc5eeb9f1126703b7e634acdd4531", "shared_memory_engine_sha256": "4dc0416b3e8d8411bd8ea82af14af9d71471fa7045699c833a2ddc949d3e40a5"}, "evidence_review": {}}, "estimates": {"items": [{"path": "reported.revenue", "value": 79.318746, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.grossProfit", "value": 65.991356, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.opex", "value": 5.448748, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.da", "value": 4.02, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.cash", "value": 26.835986, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.shortFinancial", "value": 22.397559, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.shortInvestments", "value": 38.724378, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.longFinancial", "value": 7.101803, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.longInvestments", "value": 85.309524, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.associates", "value": 1.334773, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.debt", "value": 18.586634, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.taxPayables", "value": 31.958025, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.taxAssets", "value": 0.057472, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.deferredTaxLiabilities", "value": 7.836633, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.deferredTaxAssets", "value": 1.219366, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.contractLiabilities", "value": 0.523532, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.advanceReceipts", "value": 0.049582, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.tradeReceivables", "value": 47.821395, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.inventory", "value": 17.985706, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.tradePayables", "value": 3.043239, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.otherNonTradePayables", "value": 11.800979, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.ppe", "value": 88.889146, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.intangibles", "value": 4.283131, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.rouAssets", "value": 2.387896, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.leaseLiabilities", "value": 2.526505, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.noncontrolling", "value": 0.312618, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.employeeLiabilities", "value": 2.88193, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.ordinarySharesBn", "value": 0.7110755, "unit": "billion ordinary shares", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1Capex", "value": 18.328836, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.capitalCommitments", "value": 61.484533, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1Cfo", "value": 91.742501, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1InvestmentDividends", "value": 13.983648, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.q2InvestmentGains", "value": 63.27, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.remainingExchangeableShares", "value": 0, "unit": "count", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "reported.h1RouDepreciation", "value": 0.207179, "unit": "KRW trillion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526354777/d147827d6k.htm", "source_date": "2026-08-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.q3DramBitGrowth", "value": 0.1, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.q3NandBitGrowthLowSingle", "value": 0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.fy26CapexLow", "value": 47, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "guidance.fy26CapexHigh", "value": 49, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ordinaryPerAds", "value": 0.1, "unit": "ordinary shares per ADS", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.krwPerUsd", "value": 1388.0977312390926, "unit": "KRW/USD", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.banque-france.fr/en/statistics/rates-and-prices/exchange-rates-daily-parities-2026-09-18", "source_date": "2026-09-18", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ordinaryReferenceKrw", "value": 1857000, "unit": "KRW per ordinary share", "classification": "Reported", "sourceUrl": "https://stockanalysis.com/quote/krx/000660/history/", "source_date": "2026-09-18", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoOrdinarySharesBn", "value": 0.01779, "unit": "billion ordinary shares", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoNetUsdBn", "value": 26.24955417, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoClosingFx", "value": 1504.9, "unit": "KRW/USD", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526303972/d143606d6k.htm", "source_date": "2026-07-15", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.ipoOtherExpensesKrwT", "value": 0.05, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.buybackKrwT", "value": 40, "unit": "KRW trillion", "classification": "Management guidance-commentary", "sourceUrl": "https://news.skhynix.com/en/share-buyback-and-retirement/", "source_date": "2026-08-19", "note": "Company disclosure or dated observation. Source units converted as stated.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.buybackPriceKrw", "value": 1857000, "unit": "KRW per ordinary share", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://news.skhynix.com/en/share-buyback-and-retirement/", "source_date": "2026-08-19", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.awardSharesBn", "value": 0.001, "unit": "billion ordinary shares", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "listing.fxSigma", "value": 0.08, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/2120882/000119312526299963/d32785d424b4.htm", "source_date": "2026-07-10", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmQ2KrwT", "value": 14, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.dramRevenueShare", "value": 0.73, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.nandRevenueShare", "value": 0.27, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.operatingAccrualKrwT", "value": 8, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.landKrwT", "value": 3, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.cipKrwT", "value": 25, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.equipmentNotInServiceKrwT", "value": 5, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.noncoreRecovery", "value": 0.8, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.investmentTaxReserveKrwT", "value": 15, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.subsidiaryAwardReserveKrwT", "value": 1, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2RevenueKrwT", "value": 200, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2GrossMargin", "value": 0.83, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2OpexKrwT", "value": 14, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2DaKrwT", "value": 9, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2CapexKrwT", "value": 30.371164, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2TaxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2DividendKrwT", "value": 1.2, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2ReceivableDays", "value": 55, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2InventoryDays", "value": 120, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2PayableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.h2OperatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.minimumLiquidityKrwT", "value": 10, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.annualDividendKrwT", "value": 2.5, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.transitionYears", "value": 5, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmCostPremium", "value": 1.8, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmPricePremium", "value": 5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.hbmWaferTradeRatio", "value": 3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.equipmentLifeYears", "value": 7, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.buildingLifeYears", "value": 20, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.constructionShare", "value": 0.45, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.constructionLagYears", "value": 2, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.equipmentLagYears", "value": 1, "unit": "years", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.openingInServiceShare", "value": 0.65, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.cashToAssetAdditionsFactor", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.depreciation.q2DaInCogsShare", "value": 0.9, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Volume.0", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Volume.1", "value": 1.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Volume.2", "value": 1.02, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Asp.0", "value": 0.7, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Asp.1", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fy27Asp.2", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.aspChangeAfter27.0", "value": -0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.aspChangeAfter27.1", "value": -0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.aspChangeAfter27.2", "value": -0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.opexRatio", "value": 0.085, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.26, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.normalizedNopatMultiple", "value": 10, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostFY27.0", "value": 1.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostFY27.1", "value": 1.35, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostFY27.2", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostGrowth.0", "value": 0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostGrowth.1", "value": 0.01, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.unitCostGrowth.2", "value": 0, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.waferCapacityFY27", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.waferCapacityGrowth", "value": 0.06, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nodeProductivityFY27", "value": 1.03, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nodeProductivityGrowth", "value": 0.03, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.packagingCapacityFY27", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.packagingCapacityGrowth", "value": 0.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nandCapacityFY27", "value": 1.02, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.nandCapacityGrowth", "value": 0.08, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalProductMargins.0", "value": 0.3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalProductMargins.1", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.terminalProductMargins.2", "value": 0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.receivableDays", "value": 75, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.inventoryDays", "value": 180, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.1", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.2", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.0", "value": 55, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.1", "value": 50, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.2", "value": 45, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.3", "value": 40, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.netCapexFloorKrwT.4", "value": 40, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.h2RevenueFactor", "value": 0.8, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.0.noncoreRecovery", "value": 0.4, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Volume.0", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Volume.1", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Volume.2", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Asp.0", "value": 0.9, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Asp.1", "value": 0.85, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fy27Asp.2", "value": 0.85, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.aspChangeAfter27.0", "value": -0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.aspChangeAfter27.1", "value": -0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.aspChangeAfter27.2", "value": -0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.opexRatio", "value": 0.075, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.22, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.wacc", "value": 0.115, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.13, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.normalizedNopatMultiple", "value": 12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostFY27.0", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostFY27.1", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostFY27.2", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostGrowth.0", "value": 0.01, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostGrowth.1", "value": -0.01, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.unitCostGrowth.2", "value": -0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.waferCapacityFY27", "value": 1.18, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.waferCapacityGrowth", "value": 0.08, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nodeProductivityFY27", "value": 1.06, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nodeProductivityGrowth", "value": 0.04, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.packagingCapacityFY27", "value": 1.4, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.packagingCapacityGrowth", "value": 0.18, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nandCapacityFY27", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.nandCapacityGrowth", "value": 0.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalProductMargins.0", "value": 0.4, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalProductMargins.1", "value": 0.3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.terminalProductMargins.2", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.receivableDays", "value": 65, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.inventoryDays", "value": 150, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.1", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.2", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.0", "value": 60, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.1", "value": 60, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.2", "value": 55, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.3", "value": 50, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.netCapexFloorKrwT.4", "value": 50, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.h2RevenueFactor", "value": 0.9, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.1.noncoreRecovery", "value": 0.65, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Volume.0", "value": 1.6, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Volume.1", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Volume.2", "value": 1.2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Asp.0", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Asp.1", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fy27Asp.2", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.aspChangeAfter27.0", "value": -0.06, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.aspChangeAfter27.1", "value": -0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.aspChangeAfter27.2", "value": -0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.opexRatio", "value": 0.07, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.wacc", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.16, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.normalizedNopatMultiple", "value": 14, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostFY27.0", "value": 1.15, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostFY27.1", "value": 1.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostFY27.2", "value": 1.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostGrowth.0", "value": 0, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostGrowth.1", "value": -0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.unitCostGrowth.2", "value": -0.04, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.waferCapacityFY27", "value": 1.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.waferCapacityGrowth", "value": 0.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nodeProductivityFY27", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nodeProductivityGrowth", "value": 0.05, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.packagingCapacityFY27", "value": 1.7, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.packagingCapacityGrowth", "value": 0.22, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nandCapacityFY27", "value": 1.2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.nandCapacityGrowth", "value": 0.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalProductMargins.0", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalProductMargins.1", "value": 0.4, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.terminalProductMargins.2", "value": 0.35, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.receivableDays", "value": 55, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.inventoryDays", "value": 120, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.1", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.2", "value": 0.75, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.0", "value": 70, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.1", "value": 80, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.2", "value": 85, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.3", "value": 85, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.netCapexFloorKrwT.4", "value": 80, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.h2RevenueFactor", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.2.noncoreRecovery", "value": 0.8, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Volume.0", "value": 1.9, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Volume.1", "value": 1.35, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Volume.2", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Asp.0", "value": 1.2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Asp.1", "value": 1.4, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fy27Asp.2", "value": 1.4, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.volumeGrowthAfter27.0", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.volumeGrowthAfter27.1", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.volumeGrowthAfter27.2", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.aspChangeAfter27.0", "value": -0.03, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.aspChangeAfter27.1", "value": -0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.aspChangeAfter27.2", "value": -0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.opexRatio", "value": 0.065, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.incentivesBn", "value": 0, "unit": "USD billion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.taxRate", "value": 0.25, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.wacc", "value": 0.09, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.035, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.2, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.normalizedNopatMultiple", "value": 16, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostFY27.0", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostFY27.1", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostFY27.2", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostGrowth.0", "value": -0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostGrowth.1", "value": -0.04, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.unitCostGrowth.2", "value": -0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.fixedCostShare", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.waferCapacityFY27", "value": 1.35, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.waferCapacityGrowth", "value": 0.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nodeProductivityFY27", "value": 1.12, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nodeProductivityGrowth", "value": 0.06, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.packagingCapacityFY27", "value": 2, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.packagingCapacityGrowth", "value": 0.25, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nandCapacityFY27", "value": 1.3, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.nandCapacityGrowth", "value": 0.14, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalProductMargins.0", "value": 0.6, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalProductMargins.1", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.terminalProductMargins.2", "value": 0.45, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.receivableDays", "value": 50, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.inventoryDays", "value": 100, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.payableDays", "value": 22, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.operatingAccrualRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.opexFloorGrowth", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.0", "value": 0, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.1", "value": 0.5, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.2", "value": 0.75, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.3", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.priceNormalizationFactors.4", "value": 1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.opexFloorKrwT", "value": 26, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.0", "value": 85, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.1", "value": 100, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.2", "value": 110, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.3", "value": 115, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.netCapexFloorKrwT.4", "value": 110, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.h2RevenueFactor", "value": 1.1, "unit": "index or multiple", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "estimates.scenarios.3.noncoreRecovery", "value": 1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.draws", "value": 20000, "unit": "count", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.seed", "value": 20260921, "unit": "count", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmAspSigma", "value": 0.12, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.otherAspSigma", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmVolumeSigma", "value": 0.18, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.capexCostSigma", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.capexExecutionSigma", "value": 0.04, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.waccCycleShock", "value": 0.006, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.waccIdiosyncraticShock", "value": 0.003, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.cycleExecutionCorrelation", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.normalClip", "value": 3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.unitCostSigma", "value": 0.1, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.terminalMarginSigma", "value": 0.02, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.workingCapitalDaysSigma", "value": 5, "unit": "days", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmAllocationRangeKrwT.0", "value": 10, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.hbmAllocationRangeKrwT.1", "value": 18, "unit": "KRW trillion", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.awardShareRangeM.0", "value": 0.5, "unit": "million ordinary shares", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.awardShareRangeM.1", "value": 2, "unit": "million ordinary shares", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.noncoreRecoverySigma", "value": 0.15, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.fxCycleCorrelation", "value": -0.3, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.noncoreCycleCorrelation", "value": 0.5, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "simulation.h2CycleSigma", "value": 0.05, "unit": "fraction", "classification": "Dilikoğlu Research estimate", "sourceUrl": "https://cdn.financialreports.eu/financialreports/media/filings/16205/2026/RNS/16205_rns_2026-07-29_fd6ef58e-5cd0-4f77-a14d-98c7de97fb5d.pdf", "source_date": "2026-07-29", "note": "DR arithmetic or assumption; source provides context, not the forecast. See subject lineage.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}, {"path": "referencePrice", "value": 187.5, "unit": "USD per ADS", "classification": "Reported", "sourceUrl": "https://www.financialcontent.com/quote/NQ%3ASKHY/historical", "source_date": "2026-09-18", "note": "Frozen regular-session close; not a live quote.", "model_as_of": "2026-09-21", "unit_context": "Underlying monetary inputs: KRW trillion. Engine monetary outputs: USD billion at disclosed FX. Ordinary shares: billions; ADS = 0.1 ordinary share. Prices: USD per ADS."}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "June consolidated balances and income", "classification": "Reported", "source": "h1", "treatment": "June 30 consolidated statements, not parent-only accounts. KRW millions converted to trillions. Q2 D&A rounded from the earnings deck. Investment gains and dividends are excluded from forecast operating FCFF. Exchangeable bonds fully exercised by June; weighted-average EPS dilution is not a remaining convert claim."}, {"input": "Listing, FX and July offering", "classification": "Reported", "source": "ipo", "treatment": "One ADS represents 0.1 ordinary share. June outstanding ordinary shares plus 17.79m newly issued shares. Net offering proceeds before other expenses translated at the July 14 closing FX. September 18 ECB-derived KRW/USD is a dated translation convention, not a live quote. Forecast FX and IPO other costs are estimates."}, {"input": "Buyback and share awards", "classification": "Dilikoğlu Research estimate", "source": "buyback", "treatment": "Assume full KRW40trn authorized buyback completes by opening 2027 at September 18 Korean ordinary close. Deduct the cash and the corresponding ordinary shares together. This is an estimated completion bridge, not a claim of purchases already executed. Add 1m ordinary award-equivalent claims, stress 0.5–2m. Cash costs retain future SBC; no perpetual buyback benefit."}, {"input": "Q3 volumes and FY26 investment", "classification": "Management guidance-commentary", "source": "deck", "treatment": "Q3 DRAM approximately 10% sequential bit growth, NAND low-single-digit growth. Model3% NAND midpoint and KRW47–49trn interpretation of high-40trn capex are DR arithmetic. No annual2027 revenue or margin guidance is claimed."}, {"input": "HBM allocation, supply and pricing", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "HBM included within DRAM. Q2 DRAM/NAND shares73/27% are rounded presentation mix proxies; HBM KRW14trn allocation is not disclosed and stressed10–18trn. FY27 demand and ASP indexes reference annualizedQ2. Shared wafer capacity, node productivity, packaging and NAND constrain shipment demand. MU price-normalization rates, priors and terminal return conventions are shared; SK hynix volume, pricing levels, taxes and capex are separately underwritten."}, {"input": "Opening cash and non-operating investments", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash plus short-term financial instruments/investments less borrowings, current tax net of tax receivable, customer advances and claims. Long-term financial instruments added separately; long-term investments and associates receive scenario recovery haircuts, with an explicit KRW15trn realization-tax reserve at Base rather than adding investment gains to earnings. Reported deferred-tax liabilities are covered within that reserve, not deducted twice. Operating lease payments remain in operating costs; leases are not subtracted again as financial debt. Noncontrolling interests and subsidiary award reserve deducted."}, {"input": "H2 bridge and capital commitments", "classification": "Dilikoğlu Research estimate", "source": "deck", "treatment": "H2 revenue200trn,83%gross margin and14trn opex are research forecasts anchored to Q2 and Q3 bit-growth outlook. H2 PPE cash capex48trn minus reported H1 capex plus0.7trn intangibles. ScenarioH2 revenue factors vary. June61.485trn purchase commitments are scheduled within annual cash-capex floors, not deducted again as debt. No value assigned to unconfirmed Japan, packaging disposals or Solidigm fundraising."}, {"input": "Operating costs, assets and working capital", "classification": "Dilikoğlu Research estimate", "source": "h1", "treatment": "Cash product costs allocated from reported Q2 COGS excluding estimated90%manufacturing D&A. Annual asset cohorts charge D&A once;7/20-year lives, land/CIP/equipment allocations and commissioning lags are assumptions. Other non-trade payables are not all treated as operating:8trn opening operating-accrual proxy, rest represented in cash capex and claim reserves. Tax25%, future margins and capital floors are forecasts, not reported results. Lease D&A is removed from the FCFF add-back using half of H1 ROU depreciation as a Q2 proxy; recurring lease expense remains in costs. H2 and later D&A are research asset-schedule estimates."}, {"input": "DCF, Monte Carlo and portfolio evidence", "classification": "Dilikoğlu Research estimate", "source": "q2", "treatment": "Five operating years plus five normalization years; terminal cash reinvestment NOPAT×growth/ROIC. Correlated cycle, execution, costs, capex, working capital, WACC, FX, HBM allocation, noncore recovery and award uncertainty. Judgment-based probabilities, no calibration to market. USD ADS short history must not be filled with Korean ordinary returns."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/SKHY"}, "model_note": "DR estimates; opening 2027 valuation in USD per ADS. Each ADS represents 0.1 Korean ordinary share. Frozen September 18 reference; source assumptions and market-gap review disclosed.", "limitations": ["Value is estimated opening 2027 USD per ADS; compare with the dated September 18 market reference, not a same-date quoted target.", "The ADS and Korean ordinary trade at different prices; no lasting ADS premium is added to fundamental value. Closing times differ.", "Product revenue split, HBM allocation, physical capacity indexes, asset commissioning and operating accrual allocation are DR estimates.", "Buyback completion price, future awards and noncore realization taxes are estimated; exact September cash and treasury shares await Q3 reporting.", "FX sensitivity translates a KRW forecast; it is not a complete product invoicing and currency-hedging model.", "Annual net-cash reserve stress is not a complete balance sheet or intraday financing forecast.", "Nasdaq listing began July 10; one-year ADS performance and long-lookback momentum are unavailable."], "links": {"coverage": "https://dilikogluresearch.com/coverage/skhy", "model": "https://dilikogluresearch.com/skhy_model", "native_model": "https://dilikogluresearch.com/api/model/SKHY", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=SKHY"}, "model_version": "189a3194c9ddfd5eeaa1ebda41d212dbb31783e0e9c1fa8cdf00c2390100a059"}}, {"id": "ef43840527dd220de0cebb143c71b7fdb20840ea8b59e1f0d482a25caedcd402", "ticker": "NBIS", "recorded_at": "2026-09-24T19:39:08+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "fe467e601d3aa0438930b18deb8a34bbc0133706d11b0e27bad4ebca375c8a5b", "research_version": "18e5e174e1081174637b32faca9920d2a7081b585972ccc27f5b01b6858031f9", "changes": [{"field": "valuation", "old_value": {"classification": "Dilikoğlu Research estimate", "unit": "USD/share", "base": 265.43228458210046, "probability_weighted": 215.8900101739098, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 44.24452355359033, "probability": 0.3}, "base": {"fair_value": 265.43228458210046, "probability": 0.45}, "bull": {"fair_value": 554.4808336392498, "probability": 0.15}}, "monte_carlo_median": 187.7645213229158, "method": "AI Cloud EV/YE27 ARR + non-core SOTP − economic net debt"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 265.43228458210046, "probability_weighted": 215.8900101739098, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 44.24452355359033, "probability": 0.3}, "base": {"fair_value": 265.43228458210046, "probability": 0.45}, "bull": {"fair_value": 554.4808336392498, "probability": 0.15}}, "monte_carlo_median": 187.7645213229158, "method": "AI Cloud EV/YE27 ARR + non-core SOTP − economic net debt"}}, {"field": "sources", "old_value": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual intermediate accretion table not transcribed"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "User-supplied NBIS re-underwrite, 2026-09-13, requirements 1–18", "note": "Scenario centers and governance. Prior thread reader and original workbook unavailable. Forecast inputs are estimates, not company commitments.", "status": "Authorized underwriting instructions"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "Local implementation assumptions, 2026-09-13", "note": "Non-Base cash bridge, commissioning shares, issue prices, accretion interpolation and MC factor dispersions complete unspecified inputs. Independently review before publication.", "status": "New explicit assumptions"}, {"id": "share-awards", "classification": "Reported", "url": null, "locator": "Supplied underwriting requirement 9; Q2 award tables not independently retrieved", "note": "21.066m NVIDIA pre-funded warrants, 6.234m RSUs, 6.741m options at $88.65.", "status": "Supplied reported inputs; primary table verification pending"}, {"id": "gaap-debt", "classification": "Reported", "url": null, "locator": "Prior audit excerpt, June 30 2026", "note": "$10.042bn accreted principal versus $8.499bn GAAP carrying value. Aggregate only, predates August exchanges/new notes. No fabricated tranche allocation.", "status": "Supplied reported aggregate; primary table verification pending"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "1d4ecf60331d4a2c0c782e112bb86336f6e21353e3e58ecd138d1e468bf21740", "engine_sha256": "0e611c6d271c735d82d6c3684d9aebbb9df7ab8f9b9203f129ff5ee7ecc866b8", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "August pricing release confirms original-principal conversion rates of 3.1902 and 3.0802, maturity accretion and issuer settlement choice. Exact intermediate accretion schedules remain separate from this confirmation.", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes"}, {"text": "Q2 results show $8.499bn non-current debt carrying value. This line is not total debt and does not independently verify the supplied $10.042bn accreted-principal figure.", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf"}], "open": [{"title": "All-in system capital", "materiality": "Material", "treatment": "$50m/MW in Base is a DR capital-intensity estimate, not reported capex or verified guidance. It drives project capital and residual equity; higher costs lower equity value. The exact commentary bridge remains unverified."}, {"title": "Private holdings", "materiality": "Material", "treatment": "The $2.43bn Base non-core SOTP is a DR estimate, not an observable quoted stake value. Ownership and round-to-stake reconciliation remain open. Failure assigns only $0.77bn; that downside allowance does not prove the Base mark conservative."}, {"title": "Shares and debt schedule", "materiality": "Material", "treatment": "The supplied warrant/award counts and accreted-debt aggregate still require a primary-table reconciliation. Awards and economic warrant shares are included, debt-like notes retain accreted claims, and conversion-like notes use original principal plus premium dilution. Intermediate accretion and conversion participation are estimates, not legal eligibility determinations."}], "summary": "August conversion terms and the Q2 non-current carrying-value line were rechecked on September 24, 2026. Capital intensity, private stakes and parts of the security bridge retain material estimate risk."}}, "new_value": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual intermediate accretion table not transcribed"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "User-supplied NBIS re-underwrite, 2026-09-13, requirements 1–18", "note": "Scenario centers and governance. Prior thread reader and original workbook unavailable. Forecast inputs are estimates, not company commitments.", "status": "Authorized underwriting instructions"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "Local implementation assumptions, 2026-09-13", "note": "Non-Base cash bridge, commissioning shares, issue prices, accretion interpolation and MC factor dispersions complete unspecified inputs. Independently review before publication.", "status": "New explicit assumptions"}, {"id": "share-awards", "classification": "Reported", "url": null, "locator": "Supplied underwriting requirement 9; Q2 award tables not independently retrieved", "note": "21.066m NVIDIA pre-funded warrants, 6.234m RSUs, 6.741m options at $88.65.", "status": "Supplied reported inputs; primary table verification pending"}, {"id": "gaap-debt", "classification": "Reported", "url": null, "locator": "Prior audit excerpt, June 30 2026", "note": "$10.042bn accreted principal versus $8.499bn GAAP carrying value. Aggregate only, predates August exchanges/new notes. No fabricated tranche allocation.", "status": "Supplied reported aggregate; primary table verification pending"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "1d4ecf60331d4a2c0c782e112bb86336f6e21353e3e58ecd138d1e468bf21740", "engine_sha256": "0e611c6d271c735d82d6c3684d9aebbb9df7ab8f9b9203f129ff5ee7ecc866b8", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "August pricing release confirms original-principal conversion rates of 3.1902 and 3.0802, maturity accretion and issuer settlement choice. Exact intermediate accretion schedules remain separate from this confirmation.", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes"}, {"text": "Q2 results show $8.499bn non-current debt carrying value. This line is not total debt and does not independently verify the supplied $10.042bn accreted-principal figure.", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf"}], "open": [{"title": "All-in system capital", "materiality": "Material", "treatment": "$50m/MW in Base is a DR capital-intensity estimate, not reported capex or verified guidance. It drives project capital and residual equity; higher costs lower equity value. The exact commentary bridge remains unverified.", "status": "Exact primary commentary supporting the capital-intensity estimate remains unverified.", "why_it_matters": "System capital drives cash spending, financing needs and residual dilution.", "valuation_impact": "Used in the Base capital-cost estimate, not as a reported contractual fact. No target change in this cleanup."}, {"title": "Private holdings", "materiality": "Material", "treatment": "The $2.43bn Base non-core SOTP is a DR estimate, not an observable quoted stake value. Ownership and round-to-stake reconciliation remain open. Failure assigns only $0.77bn; that downside allowance does not prove the Base mark conservative.", "status": "Private-round valuation and ownership-to-stake reconciliation remain unverified.", "why_it_matters": "Private holdings contribute to non-core equity value.", "valuation_impact": "Included in current SOTP as DR estimates. No target change in this cleanup; revised ownership or realizable values could change valuation."}, {"title": "Shares and debt schedule", "materiality": "Material", "treatment": "The supplied warrant/award counts and accreted-debt aggregate still require a primary-table reconciliation. Awards and economic warrant shares are included, debt-like notes retain accreted claims, and conversion-like notes use original principal plus premium dilution. Intermediate accretion and conversion participation are estimates, not legal eligibility determinations.", "status": "Primary award/warrant tables and the exact accretion schedule remain unreconciled.", "why_it_matters": "Share claims and debt settlement affect the equity bridge.", "valuation_impact": "Included under the disclosed estimated security treatment. No target change in this cleanup; these are material inputs, not immaterial caveats."}], "summary": "August conversion terms and the Q2 non-current carrying-value line were rechecked on September 24, 2026. Capital intensity, private stakes and parts of the security bridge retain material estimate risk."}}}], "snapshot": {"schema_version": "1.0", "ticker": "NBIS", "company": "Nebius Group", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": "2027-12-31", "reference_price": {"value": 220.77, "date": "2026-09-04 (inherited frozen reference; not a live quote)", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "published_coverage", "model_rating": null, "latest_report": {"slug": "nbis-initiation-2026-09-20", "title": "Nebius Group — Initiation of Coverage", "publication_date": "2026-09-20", "rating": "BUY · High risk", "price_target": "$265 USD · 12–18 months", "reference_price": 223.54, "reference_date": "2026-09-18", "target_price": 265, "target_basis": "Base intrinsic value of $265.43, rounded to the nearest $5. This is a Base-case realization target, not an expected-return target. Probability-weighted value is $215.89, below the $223.54 report reference; BUY does not imply positive probability-weighted upside.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "We initiate NBIS with a BUY · High risk recommendation and a $265 target, based on $265.43 Base intrinsic value. This implies 18.5% upside to the 18 September 2026 closing reference of $223.54. Probability-weighted value remains $215.89 and the Monte Carlo median is $187.76; the report retains the model’s financing and source-verification limitations.", "url": "https://dilikogluresearch.com/reports/nbis-initiation-2026-09-20"}, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 265.43228458210046, "probability_weighted": 215.8900101739098, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 44.24452355359033, "probability": 0.3}, "base": {"fair_value": 265.43228458210046, "probability": 0.45}, "bull": {"fair_value": 554.4808336392498, "probability": 0.15}}, "monte_carlo_median": 187.7645213229158, "method": "AI Cloud EV/YE27 ARR + non-core SOTP − economic net debt"}, "thesis": {"pillars": ["The re-underwrite separates legacy customers from new commercial cohorts, making contract pricing and deployment the key revenue drivers.", "Customer prepayments support construction cash flow, but prepaid revenue release offsets new receipts in deferred revenue.", "Asset-backed financing can reduce common-equity issuance; the residual share count depends on debt availability and issuance economics."], "variant": "Exit ARR is distinct from annual recognized revenue. The investment case depends on commissioning throughout the year and funding that build without counting prepayments twice or subtracting debt alongside full conversion shares.", "risks": ["New-cohort pricing or deployment may fall below the underwriting bands.", "Customer cancellation, default or refund demands could weaken the funding bridge.", "Secured financing may not repeat at the assumed scale, increasing distressed dilution."], "summary": "Nebius’s growth case depends on commissioning new commercial capacity at attractive contract pricing. Customer prepayments and secured financing must fund that expansion without overstating cash generation or understating dilution."}, "governance": {"bands": [{"driver": "2027 new commercial MW", "failure": "<650", "bear": "650–<1,050", "base": "1,050–1,350", "bull": ">1,350"}, {"driver": "Comparable new-contract ARR/MW ($m)", "failure": "<12", "bear": "12–<17", "base": "17–23", "bull": ">23"}, {"driver": "AI Cloud EBITDA margin", "failure": "<25%", "bear": "25–<40%", "base": "40–52%", "bull": ">52%"}, {"driver": "New-deal payback (years)", "failure": ">3.5", "bear": ">2.5–3.5", "base": "1.5–2.5", "bull": "<1.5"}], "falsifiers": ["Persistent new-cohort ARR/MW below ~$12–15m", "2027 deployment materially below ~700MW", "Scaled AI Cloud EBITDA margin below ~30%", "Common equity exceeds 50% of incremental build cash funding", "New-deal payback exceeds 3.5 years", "Material customer cancellation, default or refund", "Inability to repeat asset-backed financing", "Repeated distressed dilution"], "catalysts": ["Palantir partnership: watchlist only; zero valuation uplift absent disclosed economics.", "Quarterly commissioning and comparable new-contract pricing", "Repeat secured financing and customer-prepayment conversion"], "note": "Bands are evidence diagnostics, not automatic probability assignments. Payback includes prepayment/contract cash timing and must not be inferred from gross capital divided by EBITDA alone."}, "sources": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual intermediate accretion table not transcribed"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "User-supplied NBIS re-underwrite, 2026-09-13, requirements 1–18", "note": "Scenario centers and governance. Prior thread reader and original workbook unavailable. Forecast inputs are estimates, not company commitments.", "status": "Authorized underwriting instructions"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "Local implementation assumptions, 2026-09-13", "note": "Non-Base cash bridge, commissioning shares, issue prices, accretion interpolation and MC factor dispersions complete unspecified inputs. Independently review before publication.", "status": "New explicit assumptions"}, {"id": "share-awards", "classification": "Reported", "url": null, "locator": "Supplied underwriting requirement 9; Q2 award tables not independently retrieved", "note": "21.066m NVIDIA pre-funded warrants, 6.234m RSUs, 6.741m options at $88.65.", "status": "Supplied reported inputs; primary table verification pending"}, {"id": "gaap-debt", "classification": "Reported", "url": null, "locator": "Prior audit excerpt, June 30 2026", "note": "$10.042bn accreted principal versus $8.499bn GAAP carrying value. Aggregate only, predates August exchanges/new notes. No fabricated tranche allocation.", "status": "Supplied reported aggregate; primary table verification pending"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "1d4ecf60331d4a2c0c782e112bb86336f6e21353e3e58ecd138d1e468bf21740", "engine_sha256": "0e611c6d271c735d82d6c3684d9aebbb9df7ab8f9b9203f129ff5ee7ecc866b8", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "August pricing release confirms original-principal conversion rates of 3.1902 and 3.0802, maturity accretion and issuer settlement choice. Exact intermediate accretion schedules remain separate from this confirmation.", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes"}, {"text": "Q2 results show $8.499bn non-current debt carrying value. This line is not total debt and does not independently verify the supplied $10.042bn accreted-principal figure.", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf"}], "open": [{"title": "All-in system capital", "materiality": "Material", "treatment": "$50m/MW in Base is a DR capital-intensity estimate, not reported capex or verified guidance. It drives project capital and residual equity; higher costs lower equity value. The exact commentary bridge remains unverified.", "status": "Exact primary commentary supporting the capital-intensity estimate remains unverified.", "why_it_matters": "System capital drives cash spending, financing needs and residual dilution.", "valuation_impact": "Used in the Base capital-cost estimate, not as a reported contractual fact. No target change in this cleanup."}, {"title": "Private holdings", "materiality": "Material", "treatment": "The $2.43bn Base non-core SOTP is a DR estimate, not an observable quoted stake value. Ownership and round-to-stake reconciliation remain open. Failure assigns only $0.77bn; that downside allowance does not prove the Base mark conservative.", "status": "Private-round valuation and ownership-to-stake reconciliation remain unverified.", "why_it_matters": "Private holdings contribute to non-core equity value.", "valuation_impact": "Included in current SOTP as DR estimates. No target change in this cleanup; revised ownership or realizable values could change valuation."}, {"title": "Shares and debt schedule", "materiality": "Material", "treatment": "The supplied warrant/award counts and accreted-debt aggregate still require a primary-table reconciliation. Awards and economic warrant shares are included, debt-like notes retain accreted claims, and conversion-like notes use original principal plus premium dilution. Intermediate accretion and conversion participation are estimates, not legal eligibility determinations.", "status": "Primary award/warrant tables and the exact accretion schedule remain unreconciled.", "why_it_matters": "Share claims and debt settlement affect the equity bridge.", "valuation_impact": "Included under the disclosed estimated security treatment. No target change in this cleanup; these are material inputs, not immaterial caveats."}], "summary": "August conversion terms and the Q2 non-current carrying-value line were rechecked on September 24, 2026. Capital intensity, private stakes and parts of the security bridge retain material estimate risk."}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "native_inputs_url": "https://dilikogluresearch.com/api/model/NBIS"}, "model_note": "Commercial MW and legacy/new-cohort ARR; quarterly revenue; deferred-revenue CFO; residual equity; original-principal conversion premium. Forecasts are Dilikoğlu Research estimates.", "limitations": ["Original source-of-truth workbook and full prior conversation were not accessible; this repository now has canonical code and a generated workbook export.", "Contractual intermediate accretion schedules, award tables and June GAAP tranche carrying values still require primary-source completion.", "Private non-core valuations lack a verified round-to-stake ownership bridge.", "Non-Base funding and commissioning extensions, future financing fees/amortization and quarterly financing availability require analyst review. Corporate funding is modeled as debt at par because future convert terms do not exist.", "All-in capital commentary transcript not independently located; $50m/MW remains a DR estimate.", "Existing IREN dashboard has its own frozen economics; NBIS-specific evidence supersedes the legacy shared pricing/probability text."], "links": {"coverage": "https://dilikogluresearch.com/coverage/nbis", "model": "https://dilikogluresearch.com/nbis_model", "native_model": "https://dilikogluresearch.com/api/model/NBIS", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=NBIS"}, "model_version": "fe467e601d3aa0438930b18deb8a34bbc0133706d11b0e27bad4ebca375c8a5b"}}, {"id": "d59b2dc9c559c6bcd2ec0a33037ba11d09438fd67b1bdefa574d02639e299a09", "ticker": "TSM", "recorded_at": "2026-09-25T06:23:55+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-25", "model_version": "c83fbffbe9dc6e46566543ffdc4053d4b44dfb38bbabebb6248d5f38b06628e4", "research_version": "d5b2b79e6bdc201d4a22a310f0d13e480a0fc875897c0ba8bb458b9ae3381adb", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "TSM", "company": "Taiwan Semiconductor Manufacturing", "currency": "USD", "model_as_of": "2026-09-25", "valuation_date": "2026-09-25", "valuation_horizon": "Remaining 2026 plus FY2027–2036", "reference_price": {"value": 451.15, "date": "2026-09-24", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/ADR", "base": 615.6641674001435, "probability_weighted": 625.5470593378393, "scenarios": {"failure": {"fair_value": 36.34369049349613, "probability": 0.1}, "bear": {"fair_value": 213.31521516890345, "probability": 0.25}, "base": {"fair_value": 615.6641674001435, "probability": 0.45}, "bull": {"fair_value": 1457.6750558309961, "probability": 0.2}}, "monte_carlo_median": 521.9174849218168, "method": "Remaining 2026 + FY2027–2036 FCFF DCF; EV/EBIT cross-check"}, "thesis": {"summary": "TSMC research connects AI and smartphone demand to foundry capacity, fab reinvestment and cash returns. Values are USD per ADR, representing five ordinary shares.", "pillars": ["HPC and packaging demand share the same revenue base; no AI revenue double counting.", "Company guidance anchors near-term estimates, with cash capex and depreciation traced through the forecast.", "Customer deposits, debt, tax and shareholder claims reconcile enterprise value to ADR value."], "risks": ["Taiwan production concentration and trade restrictions create risks beyond normal cash-flow forecasts.", "Overseas ramp costs, customer concentration and excess fab investment can dilute returns.", "Terminal margins and HPC growth materially affect intrinsic value."], "variant": "Technology leadership creates equity value only when customer growth produces cash returns above the cost of new capacity."}, "governance": [{"signal": "HPC delivery", "review_trigger": "Two quarters below guided revenue or evidence of packaging/node delays", "action": "Reduce delivery growth and reassess capacity ceilings."}, {"signal": "Profitability", "review_trigger": "Operating margin persistently below 50% despite growth", "action": "Revisit overseas dilution, depreciation, pricing and terminal margin."}, {"signal": "Capital returns", "review_trigger": "Capex materially above 35% of revenue without cash-flow growth", "action": "Raise capital requirements and lower incremental ROIC."}, {"signal": "Customer concentration", "review_trigger": "Major customer cancellation, export restriction or migration", "action": "Cut platform demand; rebuild affected scenario probabilities."}, {"signal": "Taiwan and supply continuity", "review_trigger": "Material production, logistics or energy interruption", "action": "Apply disruption case; normal-market DCF may cease to be meaningful."}, {"signal": "Monthly evidence", "review_trigger": "Monthly revenue fails to support the quarterly outlook", "action": "Rebuild the near-term bridge from reported revenue; do not promote estimates to guidance."}], "sources": {"model_sources": [{"id": "financials", "title": "Q2 and H1 2026 condensed statements", "date": "2026-07-16", "url": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf"}, {"id": "notes", "title": "H1 2026 consolidated financial statement notes", "date": "2026-08-11", "url": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf"}, {"id": "outlook", "title": "Q2 results and Q3 guidance", "date": "2026-07-16", "url": "https://investor.tsmc.com/english/quarterly-results/2026/q2"}, {"id": "call", "title": "Q2 management transcript", "date": "2026-07-16", "url": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf"}, {"id": "monthly", "title": "Monthly revenue through August 2026", "date": "2026-09-10", "url": "https://investor.tsmc.com/english/monthly-revenue/2026"}, {"id": "annual", "title": "2025 Form 20-F annual report", "date": "2026-04-16", "url": "https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm"}, {"id": "price", "title": "TSM regular-session closing price", "date": "2026-09-24", "url": "https://stockanalysis.com/stocks/tsm/history/"}], "public_evidence": [{"category": "Company Materials", "title": "Q2 and H1 2026 condensed statements", "url": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "date": "2026-07-16", "source_type": "Primary company disclosure", "supports": "Reported inputs and guidance separated from DR estimates in the source register."}, {"category": "Company Materials", "title": "H1 2026 consolidated financial statement notes", "url": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "date": "2026-08-11", "source_type": "Primary company disclosure", "supports": "Reported inputs and guidance separated from DR estimates in the source register."}, {"category": "Company Materials", "title": "Q2 results and Q3 guidance", "url": "https://investor.tsmc.com/english/quarterly-results/2026/q2", "date": "2026-07-16", "source_type": "Primary company disclosure", "supports": "Reported inputs and guidance separated from DR estimates in the source register."}, {"category": "Company Materials", "title": "Q2 management transcript", "url": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "date": "2026-07-16", "source_type": "Primary company disclosure", "supports": "Reported inputs and guidance separated from DR estimates in the source register."}, {"category": "Company Materials", "title": "Monthly revenue through August 2026", "url": "https://investor.tsmc.com/english/monthly-revenue/2026", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Reported inputs and guidance separated from DR estimates in the source register."}, {"category": "Company Materials", "title": "2025 annual report", "url": "https://investor.tsmc.com/sites/ir/annual-report/2025/2025%20Annual%20Report.E.pdf", "date": "2026-04-16", "source_type": "Primary company disclosure", "supports": "Reported inputs and guidance separated from DR estimates in the source register."}, {"category": "Industry / Market Data", "title": "TSM regular-session closing price", "url": "https://stockanalysis.com/stocks/tsm/history/", "date": "2026-09-24", "source_type": "Market data", "supports": "Reported inputs and guidance separated from DR estimates in the source register."}], "lineage": [{"input": "Operating outlook", "classification": "Dilikoglu Research estimate", "treatment": "Base FY26 growth of 43% is a DR interpretation of slightly above 40%; H1 actual plus Q3 guidance determines Q4. Base H2 operating margin is the Q3 midpoint, not annual management guidance."}, {"input": "Revenue drivers", "classification": "Dilikoglu Research estimate", "treatment": "HPC includes AI accelerators, CPUs and relevant packaging; AI and CoWoS are not separately added. HPC demand growth is capped by capacity growth times price/mix. Smartphone and other revenue are separate. Growth fades over ten years."}, {"input": "Capital and depreciation", "classification": "Dilikoglu Research estimate", "treatment": "2026 cash capex uses management midpoint less H1 actual. Later years use revenue intensity and a disclosed floor. Cash capex includes settlement of equipment creditors; no second deduction of equipment payables. Straight-line asset vintages use half-year commissioning; useful lives are blended estimates. Operating margins reference the baseline asset schedule; incremental depreciation from capex or useful-life stresses reduces EBIT, with only the associated tax shield benefiting FCFF."}, {"input": "Cash, working capital and claims", "classification": "Dilikoglu Research estimate", "treatment": "Operating NWC includes receivables, inventory, an estimated operating share of other assets, payables and operating accruals. Existing customer deposits and contract liabilities are deducted once from opening equity cash, held constant thereafter; no new-deposit financing assumed. Opening tax payable, pension, dividends payable and NCI are deducted separately. Other noncurrent operating assets/liabilities have no speculative recovery. Operating accruals include separately presented salary/bonus and employee profit-sharing payables plus other accruals net of customer deposits, contract liabilities and current leases; no salary liability is omitted."}, {"input": "Leases and awards", "classification": "Dilikoglu Research estimate", "treatment": "Leases are treated as operating costs: add back ROU depreciation and deduct full lease cash outflow, including prepaid lease cash; no second deduction of lease debt. Future lease outflows are DR annualizations. Other intangible amortization remains an economic renewal cost. Issued capital already includes restricted shares, so the baseline adds no incremental existing-award dilution. The optional incremental-share stress represents uncompensated future issuance. Future compensation remains an operating expense, with no addback or second dilution."}, {"input": "Valuation date bridge", "classification": "Dilikoglu Research estimate", "treatment": "June balance-sheet cash rolls to September 25 using the elapsed fraction of modeled H2 FCFF. Remaining H2 FCFF is discounted separately, avoiding overlap. Declared dividend liabilities are deducted once, not again in interim cash. All interim balances are estimates, not reported September accounts."}, {"input": "Valuation and risk", "classification": "Dilikoglu Research estimate", "treatment": "FCFF DCF is primary; exit EV/EBIT is an unblended cross-check. Terminal cash flow reinvests g/ROIC of NOPAT. Failure applies a separate 55% enterprise-value recovery for prolonged disruption; it is a stress, not a calibrated geopolitical probability. No permanent ADR premium assumed."}, {"input": "FX", "classification": "Dilikoglu Research estimate", "treatment": "Company-reported USD translations anchor the baseline. USD forecasts avoid dividing USD cash flow by FX again. FX sensitivity shocks the domestic-cost exposure; it is not a mechanical 1:1 ADR conversion. No hedging gain forecast. Domestic-cost exposure of 35% is a DR stress coefficient, not a reported cost breakdown. H1 lease cash and ROU depreciation use the reported H1 average FX of 31.597; balance-sheet note conversions use June-end FX of 31.918."}, {"input": "Reference price", "classification": "Reported", "treatment": "September 24 close $451.15; checked against StockAnalysis and FinanceCharts historical rows. Not an intraday quote or a price target."}], "model_provenance": {"command": "node scripts/build_tsm.cjs", "input_sha256": "3b85103e8cceb2ff5040b0e15681b4d15e78daac904143fc0b9be6964a802054", "engine_sha256": "44be9600406ccd13cd4c51ecd67ed5261a25b179750027efb5fb702808b900b6"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.h1Revenue", "value": 76.099, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.q2Revenue", "value": 40.201, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.q2GrossMargin", "value": 0.677, "unit": "fraction", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.q2OperatingMargin", "value": 0.603, "unit": "fraction", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.h1Da", "value": 11.519, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.h1Capex", "value": 26.799, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.cash", "value": 98.196, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.securities", "value": 12.024, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.ppe", "value": 134.811, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.receivables", "value": 13.814, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.inventory", "value": 12.079, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.payables", "value": 3.466, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.equipmentPayables", "value": 9.112, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.otherCurrentAssets", "value": 6.932, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.noncoreInvestments", "value": 7.141, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.dividendsPayable", "value": 10.572, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.nci", "value": 1.314, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.balanceFx", "value": 31.918, "unit": "NTD/USD", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.fy25Revenue", "value": 122.42, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1046179/000162828026025362/tsm-20251231.htm", "source_date": "2026-04-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.ordinaryShares", "value": 25.9323701, "unit": "billion ordinary shares", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.ordinaryPerAds", "value": 5, "unit": "ordinary shares per ADR", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.operatingLeaseH1", "value": 0.3783124030762414, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.incomeTaxPayable", "value": 8.877223854878126, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.bankLoans", "value": 1.5422945673287802, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.currentDebt", "value": 5.245, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.bonds", "value": 25.535, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.leaseDebt", "value": 1.155536092486998, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.pension", "value": 0.1846510119681684, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.customerDeposits", "value": 7.338340309543204, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.contractLiabilities", "value": 1.7498605175762894, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.operatingAccruals", "value": 14.547595181402343, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.julyNtd", "value": 467.58, "unit": "NTD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/monthly-revenue/2026", "source_date": "2026-09-10", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.augustNtd", "value": 514.806, "unit": "NTD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/monthly-revenue/2026", "source_date": "2026-09-10", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.q2HpcMix", "value": 0.66, "unit": "fraction", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.q2SmartphoneMix", "value": 0.22, "unit": "fraction", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.rouDepreciationH1", "value": 0.08012282811659334, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.h1AverageFx", "value": 31.597, "unit": "NTD/USD", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-07/114aaca0fea2050e96b91fffbab9ed04ba09cd92/FS.pdf", "source_date": "2026-07-16", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.salaryBonusPayable", "value": 2.1918905946487874, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.profitSharingPayable", "value": 5.4415458675355595, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "Reported value or unit conversion; notes identify ordinary/ADR and cash-flow bases.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "actual.otherOperatingAccruals", "value": 6.914158719217997, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/sites/ir/financial-report/2026/TSMC%202026Q2%20Consolidated%20Financial%20Statements_E_0.pdf", "source_date": "2026-08-11", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.q3RevenueLow", "value": 44.6, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/quarterly-results/2026/q2", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.q3RevenueHigh", "value": 45.8, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/quarterly-results/2026/q2", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.q3GrossLow", "value": 0.65, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/quarterly-results/2026/q2", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.q3GrossHigh", "value": 0.67, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/quarterly-results/2026/q2", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.q3OperatingLow", "value": 0.56, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/quarterly-results/2026/q2", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.q3OperatingHigh", "value": 0.58, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/quarterly-results/2026/q2", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.fy26GrowthFloor", "value": 0.4, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.fy26CapexLow", "value": 60, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.fy26CapexHigh", "value": 64, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "guidance.q3Fx", "value": 32, "unit": "NTD/USD", "classification": "Management guidance-commentary", "sourceUrl": "https://investor.tsmc.com/english/quarterly-results/2026/q2", "source_date": "2026-07-16", "note": "Company outlook; not a contractual commitment. Growth-floor value is a numeric encoding of slightly above 40%, not a point forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.h2HpcMix", "value": 0.68, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.h2SmartphoneMix", "value": 0.21, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.openingPpeLife", "value": 5.8, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.newPpeLife", "value": 7, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.commissioningLag", "value": 0.5, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.otherOperatingAssetFraction", "value": 0.5, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.cashReserve", "value": 15, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.incrementalAwards", "value": 0, "unit": "billion ordinary shares", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.interimFraction", "value": 0.4673913043478261, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.annualDividend", "value": 22, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.dividendGrowth", "value": 0.08, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.borrowingRate", "value": 0.035, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.fy26Growth", "value": 0.34, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.h2OperatingMargin", "value": 0.5, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.hpcGrowth", "value": -0.05, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.smartphoneGrowth", "value": -0.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.otherGrowth", "value": -0.08, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.capacityGrowth", "value": 0.1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.hpcPriceMix", "value": -0.04, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.fy27OperatingMargin", "value": 0.38, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.terminalMargin", "value": 0.32, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.opexRatio", "value": 0.11, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.taxRate", "value": 0.22, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.36, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.capexFloor", "value": 58, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.02, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.wacc", "value": 0.13, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 12, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.receivableDays", "value": 45, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.inventoryDays", "value": 115, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.payableDays", "value": 30, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.noncoreRecovery", "value": 0.35, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.valueRecovery", "value": 0.55, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.fxCostShock", "value": 0, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.capexMultiplier", "value": 1, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.0.marginShock", "value": 0, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.fy26Growth", "value": 0.4, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.h2OperatingMargin", "value": 0.55, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.hpcGrowth", "value": 0.18, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.smartphoneGrowth", "value": 0.03, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.otherGrowth", "value": 0.03, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.capacityGrowth", "value": 0.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.hpcPriceMix", "value": 0.02, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.fy27OperatingMargin", "value": 0.5, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.terminalMargin", "value": 0.44, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.opexRatio", "value": 0.1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.taxRate", "value": 0.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.34, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.capexFloor", "value": 66, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.18, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.03, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.wacc", "value": 0.11, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 17, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.receivableDays", "value": 35, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.inventoryDays", "value": 100, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.payableDays", "value": 30, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.noncoreRecovery", "value": 0.6, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.valueRecovery", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.fxCostShock", "value": 0, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.capexMultiplier", "value": 1, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.1.marginShock", "value": 0, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.fy26Growth", "value": 0.43, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.h2OperatingMargin", "value": 0.57, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.hpcGrowth", "value": 0.35, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.smartphoneGrowth", "value": 0.08, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.otherGrowth", "value": 0.08, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.capacityGrowth", "value": 0.32, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.hpcPriceMix", "value": 0.04, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.fy27OperatingMargin", "value": 0.57, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.terminalMargin", "value": 0.52, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.opexRatio", "value": 0.09, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.taxRate", "value": 0.19, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.32, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.capexFloor", "value": 74, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.24, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.035, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.wacc", "value": 0.095, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 22, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.receivableDays", "value": 30, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.inventoryDays", "value": 90, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.payableDays", "value": 30, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.noncoreRecovery", "value": 0.8, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.valueRecovery", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.fxCostShock", "value": 0, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.capexMultiplier", "value": 1, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.2.marginShock", "value": 0, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.fy26Growth", "value": 0.46, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.h2OperatingMargin", "value": 0.59, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.hpcGrowth", "value": 0.48, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.smartphoneGrowth", "value": 0.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.otherGrowth", "value": 0.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.capacityGrowth", "value": 0.4, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.hpcPriceMix", "value": 0.08, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.fy27OperatingMargin", "value": 0.6, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.terminalMargin", "value": 0.56, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.opexRatio", "value": 0.085, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.taxRate", "value": 0.18, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.3, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.capexFloor", "value": 85, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.28, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.04, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.wacc", "value": 0.085, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 27, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.receivableDays", "value": 28, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.inventoryDays", "value": 85, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.payableDays", "value": 30, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.noncoreRecovery", "value": 0.9, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.valueRecovery", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.fxCostShock", "value": 0, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.capexMultiplier", "value": 1, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.scenarios.3.marginShock", "value": 0, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.referenceNewPpeLife", "value": 7, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.referenceOpeningPpeLife", "value": 5.8, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.interimFcffFactor", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "estimates.domesticCostExposure", "value": 0.35, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "simulation.draws", "value": 12000, "unit": "count", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "simulation.seed", "value": 25092026, "unit": "count", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "simulation.demandSigma", "value": 0.08, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "simulation.marginSigma", "value": 0.02, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "simulation.capitalSigma", "value": 0.08, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "simulation.waccSigma", "value": 0.006, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "simulation.workingCapitalDaysSigma", "value": 6, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "simulation.fxSigma", "value": 0.035, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2026-08/3e494f0c14dd0890f897aa044415e21d93486cc4/TSMC%202Q26%20Transcript.pdf", "source_date": "2026-07-16", "note": "DR forecast or derived arithmetic; linked source is contextual evidence, not numerical guidance. See subject lineage.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}, {"path": "referencePrice", "value": 451.15, "unit": "USD per ADR", "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/tsm/history/", "source_date": "2026-09-24", "note": "Regular-session close; frozen reference, not live.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion ordinary shares unless specified; NTD revenue and FX explicitly labeled. All fair values are USD per ADR (five ordinary shares)."}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Operating outlook", "classification": "Dilikoglu Research estimate", "treatment": "Base FY26 growth of 43% is a DR interpretation of slightly above 40%; H1 actual plus Q3 guidance determines Q4. Base H2 operating margin is the Q3 midpoint, not annual management guidance."}, {"input": "Revenue drivers", "classification": "Dilikoglu Research estimate", "treatment": "HPC includes AI accelerators, CPUs and relevant packaging; AI and CoWoS are not separately added. HPC demand growth is capped by capacity growth times price/mix. Smartphone and other revenue are separate. Growth fades over ten years."}, {"input": "Capital and depreciation", "classification": "Dilikoglu Research estimate", "treatment": "2026 cash capex uses management midpoint less H1 actual. Later years use revenue intensity and a disclosed floor. Cash capex includes settlement of equipment creditors; no second deduction of equipment payables. Straight-line asset vintages use half-year commissioning; useful lives are blended estimates. Operating margins reference the baseline asset schedule; incremental depreciation from capex or useful-life stresses reduces EBIT, with only the associated tax shield benefiting FCFF."}, {"input": "Cash, working capital and claims", "classification": "Dilikoglu Research estimate", "treatment": "Operating NWC includes receivables, inventory, an estimated operating share of other assets, payables and operating accruals. Existing customer deposits and contract liabilities are deducted once from opening equity cash, held constant thereafter; no new-deposit financing assumed. Opening tax payable, pension, dividends payable and NCI are deducted separately. Other noncurrent operating assets/liabilities have no speculative recovery. Operating accruals include separately presented salary/bonus and employee profit-sharing payables plus other accruals net of customer deposits, contract liabilities and current leases; no salary liability is omitted."}, {"input": "Leases and awards", "classification": "Dilikoglu Research estimate", "treatment": "Leases are treated as operating costs: add back ROU depreciation and deduct full lease cash outflow, including prepaid lease cash; no second deduction of lease debt. Future lease outflows are DR annualizations. Other intangible amortization remains an economic renewal cost. Issued capital already includes restricted shares, so the baseline adds no incremental existing-award dilution. The optional incremental-share stress represents uncompensated future issuance. Future compensation remains an operating expense, with no addback or second dilution."}, {"input": "Valuation date bridge", "classification": "Dilikoglu Research estimate", "treatment": "June balance-sheet cash rolls to September 25 using the elapsed fraction of modeled H2 FCFF. Remaining H2 FCFF is discounted separately, avoiding overlap. Declared dividend liabilities are deducted once, not again in interim cash. All interim balances are estimates, not reported September accounts."}, {"input": "Valuation and risk", "classification": "Dilikoglu Research estimate", "treatment": "FCFF DCF is primary; exit EV/EBIT is an unblended cross-check. Terminal cash flow reinvests g/ROIC of NOPAT. Failure applies a separate 55% enterprise-value recovery for prolonged disruption; it is a stress, not a calibrated geopolitical probability. No permanent ADR premium assumed."}, {"input": "FX", "classification": "Dilikoglu Research estimate", "treatment": "Company-reported USD translations anchor the baseline. USD forecasts avoid dividing USD cash flow by FX again. FX sensitivity shocks the domestic-cost exposure; it is not a mechanical 1:1 ADR conversion. No hedging gain forecast. Domestic-cost exposure of 35% is a DR stress coefficient, not a reported cost breakdown. H1 lease cash and ROU depreciation use the reported H1 average FX of 31.597; balance-sheet note conversions use June-end FX of 31.918."}, {"input": "Reference price", "classification": "Reported", "treatment": "September 24 close $451.15; checked against StockAnalysis and FinanceCharts historical rows. Not an intraday quote or a price target."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/TSM"}, "model_note": "Dilikoglu Research estimates, valued September 25, 2026 in USD per ADR; five ordinary shares per ADR. Frozen September 24 reference. No initiation report or recommendation assigned.", "limitations": ["Detailed node/customer volumes, wafer prices and packaging capacity are not separately disclosed; platform and capacity assumptions are DR estimates.", "The interim cash bridge, asset useful lives and terminal economics remain estimates. Quarterly guidance does not establish a long-term growth guarantee.", "Book-value noncontrolling interests and conservative investment recovery are valuation proxies, not separately appraised fair values.", "Failure is a finite disruption stress. Conflict, sanctions or permanent loss of access could cause losses beyond the modeled distribution.", "DCF can be terminal-value sensitive; sensitivity tables and a separate earnings cross-check should be read with the headline values.", "USD ADR valuation excludes investor-specific withholding taxes, custody fees and any persistent premium to the Taiwan listing.", "Liquidity is a reserve diagnostic assuming existing debt can be refinanced; it is not a committed financing plan. Terminal ROIC is a marginal reinvestment assumption, not a forecast of reported average book ROIC.", "Monte Carlo quantiles depend on the assumed scenario mixture and finite sample. P10 sits near the 10% Failure boundary and is particularly sensitive to the simulation seed; it is not a precise downside floor."], "links": {"coverage": "https://dilikogluresearch.com/coverage/tsm", "model": "https://dilikogluresearch.com/tsm_model", "native_model": "https://dilikogluresearch.com/api/model/TSM", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=TSM"}, "model_version": "c83fbffbe9dc6e46566543ffdc4053d4b44dfb38bbabebb6248d5f38b06628e4"}}, {"id": "88b0bcd228805dcdeaef5937c69fbe8928184b49e1a9cf0d37cfd16b1ca474b4", "ticker": "AAOI", "recorded_at": "2026-09-25T11:25:14+00:00", "kind": "baseline_capture", "model_as_of": "2026-09-25", "model_version": "08ceee6192d08dfb98e72fcd2d63e6e1cb30a5d164523497936e2e753c0d635a", "research_version": "b21f6f0382dbfefbd3d7a757ba604055db3c17d3b4587af1fd48aa3173119c77", "changes": [], "snapshot": {"schema_version": "1.0", "ticker": "AAOI", "company": "Applied Optoelectronics", "currency": "USD", "model_as_of": "2026-09-25", "valuation_date": "2026-09-25", "valuation_horizon": null, "reference_price": {"value": 101.03, "date": "2026-09-24", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "model_available_research_in_progress", "model_rating": null, "latest_report": null, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 230.4633512724888, "probability_weighted": 234.93314279919434, "scenarios": {"failure": {"fair_value": 5.803378662941981, "probability": 0.1}, "bear": {"fair_value": 62.61540955939245, "probability": 0.25}, "base": {"fair_value": 230.4633512724888, "probability": 0.45}, "bull": {"fair_value": 574.9522223521603, "probability": 0.2}}, "monte_carlo_median": 183.29300871791685, "method": "Remaining 2026 and FY2027–36 FCFF plus discounted exit EV/EBIT; perpetuity cross-check"}, "thesis": {"summary": "Applied Optoelectronics research tests its high-speed transceiver ramp against manufacturing investment, customer concentration and funding dilution.", "pillars": ["Management’s near-term outlook anchors the revenue ramp.", "Product delivery, gross margins and working capital drive cash returns.", "Capital advances, customer warrants and convertible debt are treated explicitly."], "risks": ["Qualification and component shortages may delay saleable production.", "Capital spending and collections can require further equity beyond the existing ATM authorization.", "A few customers and long-run margins account for much of modeled value."], "variant": "Capacity creates shareholder value only when qualified shipments and collections earn an adequate return on the funding required."}, "governance": [{"signal": "2026 revenue", "review_trigger": "Below $1.0bn or guidance withdrawn", "action": "Re-underwrite capacity and qualification timing"}, {"signal": "Mid-2027 data-center revenue", "review_trigger": "Monthly run rate below 75% of the $471m management outlook", "action": "Review Bear probability and production ramp"}, {"signal": "Scale gross margin", "review_trigger": "Remains below 33% despite material volume growth", "action": "Reduce economic margin and reinvestment returns"}, {"signal": "Cash conversion", "review_trigger": "Receivables >105 days or inventory >125 days", "action": "Increase working capital and funding needs"}, {"signal": "Funding", "review_trigger": "Equity needs exceed ATM capacity or secured credit is unavailable", "action": "Review issuance price, dilution and liquidity"}, {"signal": "Customer concentration", "review_trigger": "Cancellation, default or qualification failure at a major customer", "action": "Re-underwrite revenue, inventory and warrant vesting"}], "sources": {"model_sources": [{"id": "release", "title": "Q2 2026 results and Q3 outlook", "date": "2026-08-06", "url": "https://investors.ao-inc.com/news-releases/news-release-details/applied-optoelectronics-reports-second-quarter-2026-results"}, {"id": "10q", "title": "June 2026 Form 10-Q", "date": "2026-08-06", "url": "https://investors.ao-inc.com/node/17516/html"}, {"id": "call", "title": "Q2 management call (third-party transcription)", "date": "2026-08-06", "url": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/"}, {"id": "atm", "title": "August ATM prospectus and August 20 share count", "date": "2026-08-21", "url": "https://www.sec.gov/Archives/edgar/data/1158114/000110465926099685/tm2623389-1_424b5.htm"}, {"id": "lease", "title": "August 31 manufacturing leases", "date": "2026-09-01", "url": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826006862/aaoi_8k.htm"}, {"id": "purchase", "title": "September 4 property acquisition", "date": "2026-09-10", "url": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826007057/aaoi_8k.htm"}, {"id": "price", "title": "September 24 regular-session close", "date": "2026-09-24", "url": "https://stockanalysis.com/stocks/aaoi/history/"}], "public_evidence": [{"category": "Company Materials", "title": "Q2 2026 results and Q3 outlook", "url": "https://investors.ao-inc.com/news-releases/news-release-details/applied-optoelectronics-reports-second-quarter-2026-results", "date": "2026-08-06", "source_type": "Primary company disclosure", "supports": "Reported and management inputs; independent forecasts are separately labeled in the model source register."}, {"category": "Company Materials", "title": "June 2026 Form 10-Q", "url": "https://investors.ao-inc.com/node/17516/html", "date": "2026-08-06", "source_type": "Primary company disclosure", "supports": "Reported and management inputs; independent forecasts are separately labeled in the model source register."}, {"category": "Company Materials", "title": "Q2 management call (third-party transcription)", "url": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "date": "2026-08-06", "source_type": "Management commentary via third-party transcript", "supports": "Reported and management inputs; independent forecasts are separately labeled in the model source register."}, {"category": "Company Materials", "title": "August ATM prospectus and August 20 share count", "url": "https://www.sec.gov/Archives/edgar/data/1158114/000110465926099685/tm2623389-1_424b5.htm", "date": "2026-08-21", "source_type": "Primary company disclosure", "supports": "Reported and management inputs; independent forecasts are separately labeled in the model source register."}, {"category": "Company Materials", "title": "August 31 manufacturing leases", "url": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826006862/aaoi_8k.htm", "date": "2026-09-01", "source_type": "Primary company disclosure", "supports": "Reported and management inputs; independent forecasts are separately labeled in the model source register."}, {"category": "Company Materials", "title": "September 4 property acquisition", "url": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826007057/aaoi_8k.htm", "date": "2026-09-10", "source_type": "Primary company disclosure", "supports": "Reported and management inputs; independent forecasts are separately labeled in the model source register."}, {"category": "Industry / Market Data", "title": "September 24 regular-session close", "url": "https://stockanalysis.com/stocks/aaoi/history/", "date": "2026-09-24", "source_type": "Market data", "supports": "Reported and management inputs; independent forecasts are separately labeled in the model source register."}], "lineage": [{"input": "Near-term forecast", "classification": "Management guidance-commentary", "treatment": "Q3 uses the release midpoint. FY2026 revenue and mid-2027 monthly product outlook come from management’s Q2 call via third-party transcription; monthly revenue is not annual revenue. Base ramps quarterly into that outlook. All later annual growth is DR estimated."}, {"input": "Capacity and product mix", "classification": "Dilikoglu Research estimate", "treatment": "Legacy, 800G and 1.6T forecasts reconcile to data-center revenue. Implied high-speed ASP is derived from modeled average capacity and saleable utilization, not a disclosed contract price. CPO/ELSFP is included in the long-term growth envelope, never added a second time. Reported revenue is net of customer-warrant accounting."}, {"input": "Operating earnings", "classification": "Dilikoglu Research estimate", "treatment": "Non-GAAP gross margin less operating costs and future SBC gives economic EBIT; lease expense is included. Existing award expense is excluded from EBIT because outstanding awards enter dilution. Positive Q2 adjusted net income included foreign tax benefits and is not a recurring operating-profit baseline."}, {"input": "Capital and cash conversion", "classification": "Dilikoglu Research estimate", "treatment": "Cash capex includes equipment advances, buildings and equipment; paid advances transfer to PP&E without a second cash outflow. June other-assets net of $324m is only a proxy for capital prepayments; 90% is deployable in Base. No noncore value is assigned to the residual. September property purchase and steel payment are included in H2 cash capex, not added twice. Phase-II deposits are separate restricted cash uses and returned later."}, {"input": "Funding and valuation date", "classification": "Dilikoglu Research estimate", "treatment": "June cash plus reported post-June ATM gross proceeds net of estimated 2% fees starts the cash bridge. Estimated elapsed Q3 operations roll into cash at September 25; subsequent quarters and years are discounted. Bank access uses a fraction of reported undrawn capacity; residual funding is common equity at a scenario issuance price. An ATM authorization is not cash or a funding guarantee. Above-$600m gross financing needs require new authorization."}, {"input": "Debt and dilution", "classification": "Reported", "treatment": "August 20 actual basic shares include known ATM issuance and award vesting. Outstanding RSUs and scenario-vested PSUs are added once. Convert principal is deducted once and premium dilution is solved at intrinsic value. GAAP carrying premium is not contractual debt accretion. Amazon warrant vesting depends on purchases; initial purchases and future customer mix are DR estimates. Cashless premium shares avoid adding exercise proceeds twice. Forecast warrant contra-revenue is added back to economic EBIT and cash once, limited to a DR estimate of remaining grant-date expense; warrant premium shares then carry the economic cost."}, {"input": "Terminal valuation", "classification": "Dilikoglu Research estimate", "treatment": "COHR-aligned 20x Base terminal economic EBIT, with 10x/16x/24x alternatives, discounted from 2036. A separate perpetuity FCFF cross-check deducts growth reinvestment. Long-run forecasts, probabilities, WACC and terminal multiples are not management guidance. No price matching or recommendation is implied."}], "model_provenance": {"command": "node scripts/build_aaoi.cjs", "input_sha256": "b353e8ea0006ea4c22241a57c9343a7548b2189f8766e6a97c85b2b169ad0088", "engine_sha256": "f5ea24f104b04e87a2f7b297e3d522e8a25f0e4963db1f026826010e17be32f1"}, "evidence_review": {}}, "estimates": {"items": [{"path": "actual.h1Revenue", "value": 0.343066, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.q2Revenue", "value": 0.191922, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.q2Datacenter", "value": 0.107662, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.q2800g", "value": 0.0128, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.q2400g", "value": 0.0484, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.q2Catv", "value": 0.080578, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.q2GaapEbit", "value": -0.024727, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.q2NonGaapEbit", "value": -0.0103, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/news-releases/news-release-details/applied-optoelectronics-reports-second-quarter-2026-results", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.q2NonGaapNetIncome", "value": 0.005475, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/news-releases/news-release-details/applied-optoelectronics-reports-second-quarter-2026-results", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.q2NonGaapGrossMargin", "value": 0.298, "unit": "fraction", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/news-releases/news-release-details/applied-optoelectronics-reports-second-quarter-2026-results", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.h1Cfo", "value": -0.073781, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.h1CashPpe", "value": 0.335132, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.h1EquipmentPrepayments", "value": 0.289744, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.h1Land", "value": 0.008581, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.h1Intangibles", "value": 0.000259, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.cash", "value": 0.499737, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.restrictedCash", "value": 0.009021, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.ppe", "value": 0.697086, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.construction", "value": 0.168805, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.land", "value": 0.009682, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.capitalPrepaymentsProxy", "value": 0.324, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported other-assets net proxy, not an exact equipment-prepayment balance; usable portion is estimated.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.receivables", "value": 0.314009, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.inventory", "value": 0.278791, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.payables", "value": 0.286088, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.accruals", "value": 0.046939, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.bankDebtIncludingAcceptances", "value": 0.0928, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.basicShares", "value": 0.084906289, "unit": "billion shares", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000110465926099685/tm2623389-1_424b5.htm", "source_date": "2026-08-21", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.rsus", "value": 0.001090055, "unit": "billion shares", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000110465926099685/tm2623389-1_424b5.htm", "source_date": "2026-08-21", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.psus", "value": 0.000629463, "unit": "billion shares", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000110465926099685/tm2623389-1_424b5.htm", "source_date": "2026-08-21", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.knownPostJuneAtmGross", "value": 0.0492, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000110465926099685/tm2623389-1_424b5.htm", "source_date": "2026-08-21", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.newAtmCapacity", "value": 0.6, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000110465926099685/tm2623389-1_424b5.htm", "source_date": "2026-08-21", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.unusedBankLines", "value": 0.1065, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.septemberPropertyPurchase", "value": 0.026783472, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826007057/aaoi_8k.htm", "source_date": "2026-09-10", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.phaseTwoSteel", "value": 0.00255, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826006862/aaoi_8k.htm", "source_date": "2026-09-01", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.phaseTwoInitialDeposit", "value": 0.00075, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826006862/aaoi_8k.htm", "source_date": "2026-09-01", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.phaseTwoRemainingDeposit", "value": 0.01055, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826006862/aaoi_8k.htm", "source_date": "2026-09-01", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.phaseTwoAnnualRent", "value": 0.00813792408, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826006862/aaoi_8k.htm", "source_date": "2026-09-01", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "actual.phaseTwoOptionalPurchase", "value": 0.146570138, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1158114/000168316826006862/aaoi_8k.htm", "source_date": "2026-09-01", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "debt.principal", "value": 0.124925, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "debt.gaapCarryingAmount", "value": 0.129142, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "debt.coupon", "value": 0.0275, "unit": "fraction", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "debt.conversionRate", "value": 23.0884, "unit": "fraction", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "debt.maturityYear", "value": 2030, "unit": "years", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "debt.callTrigger", "value": 1.3, "unit": "fraction", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "warrant.maxShares", "value": 0.007945399, "unit": "billion shares", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "warrant.initialShares", "value": 0.001324233, "unit": "billion shares", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "warrant.remainingShares", "value": 0.006621166, "unit": "billion shares", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "warrant.strike", "value": 23.6956, "unit": "USD per share", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "warrant.purchaseThreshold", "value": 4, "unit": "USD billion", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "warrant.expiryYear", "value": 2035, "unit": "years", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "warrant.grantValue", "value": 12.64, "unit": "USD per share", "classification": "Reported", "sourceUrl": "https://investors.ao-inc.com/node/17516/html", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.q3RevenueLow", "value": 0.255, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://investors.ao-inc.com/news-releases/news-release-details/applied-optoelectronics-reports-second-quarter-2026-results", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.q3RevenueHigh", "value": 0.29, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://investors.ao-inc.com/news-releases/news-release-details/applied-optoelectronics-reports-second-quarter-2026-results", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.q3GrossMarginLow", "value": 0.29, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://investors.ao-inc.com/news-releases/news-release-details/applied-optoelectronics-reports-second-quarter-2026-results", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.q3GrossMarginHigh", "value": 0.305, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://investors.ao-inc.com/news-releases/news-release-details/applied-optoelectronics-reports-second-quarter-2026-results", "source_date": "2026-08-06", "note": "Reported financial, share or contractual amount; normalized units.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.fy26Revenue", "value": 1.1, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "Management commentary via third-party transcript; not a contractual commitment.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.mid27LegacyMonthly", "value": 0.09, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "Management commentary via third-party transcript; not a contractual commitment.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.mid27800gMonthly", "value": 0.217, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "Management commentary via third-party transcript; not a contractual commitment.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.mid271600gMonthly", "value": 0.164, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "Management commentary via third-party transcript; not a contractual commitment.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.ye26Capacity", "value": 0.65, "unit": "million modules per month", "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "Management commentary via third-party transcript; not a contractual commitment.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.ye27Capacity", "value": 0.93, "unit": "million modules per month", "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "Management commentary via third-party transcript; not a contractual commitment.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.longTermGrossMargin", "value": 0.4, "unit": "fraction", "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "Management commentary via third-party transcript; not a contractual commitment.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.nearTermQuarterlyOpexLow", "value": 0.07, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "Management commentary via third-party transcript; not a contractual commitment.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "guidance.nearTermQuarterlyOpexHigh", "value": 0.08, "unit": "USD billion", "classification": "Management guidance-commentary", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "Management commentary via third-party transcript; not a contractual commitment.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.q3ElapsedFraction", "value": 0.9347826086956522, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.minimumCash", "value": 0.1, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.atmFee", "value": 0.02, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.cashTaxRate", "value": 0.22, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.bankInterest", "value": 0.06, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.initialAmazonPurchases", "value": 0.2, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.existingAwardExpenseRemaining", "value": 0.025, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.existingAwardExpenseLife", "value": 3, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.openingRemainingAssetLife", "value": 8, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.leaseEscalator", "value": 0.03, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.fy27AverageCapacity", "value": 0.79, "unit": "million modules per month", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.fy27Utilization", "value": 0.9, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.phaseTwoStartYear", "value": 2028, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.probability", "value": 0.1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy26Revenue", "value": 0.88, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.q3Revenue", "value": 0.255, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.q3GrossMargin", "value": 0.29, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.q4GrossMargin", "value": 0.29, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.quarterlyOpex", "value": 0.075, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.mid27Realization", "value": 0.4, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy27QuarterRamp.0", "value": 0.6, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy27QuarterRamp.1", "value": 0.75, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy27QuarterRamp.2", "value": 0.85, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy27QuarterRamp.3", "value": 0.85, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy27Catv", "value": 0.3, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy27Other", "value": 0.02, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy27GrossMargin", "value": 0.28, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.terminalGrossMargin", "value": 0.3, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy27OpexRatio", "value": 0.23, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.terminalOpexRatio", "value": 0.21, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.futureSbcRatio", "value": 0.025, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.post27Growth", "value": 0.02, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.terminalGrowth", "value": 0.02, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.exitEbitMultiple", "value": 10, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.wacc", "value": 0.17, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.terminalRoic", "value": 0.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.h2Capex", "value": 0.7, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.fy27Capex", "value": 0.65, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.capexRatio", "value": 0.13, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.capexFloor", "value": 0.18, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.receivableDays", "value": 125, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.inventoryDays", "value": 160, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.payableDays", "value": 60, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.accrualRatio", "value": 0.035, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.amazonShare", "value": 0.4, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.bankAccess", "value": 0.25, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.issuancePriceFactor", "value": 0.35, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.psuVesting", "value": 0.5, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.assetLife", "value": 7, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.prepaymentRatio", "value": 0.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.0.openingPrepayRealization", "value": 0.65, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.probability", "value": 0.25, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy26Revenue", "value": 1, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.q3Revenue", "value": 0.265, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.q3GrossMargin", "value": 0.2975, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.q4GrossMargin", "value": 0.31, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.quarterlyOpex", "value": 0.075, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.mid27Realization", "value": 0.75, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy27QuarterRamp.0", "value": 0.65, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy27QuarterRamp.1", "value": 0.85, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy27QuarterRamp.2", "value": 0.98, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy27QuarterRamp.3", "value": 1.02, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy27Catv", "value": 0.35, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy27Other", "value": 0.02, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy27GrossMargin", "value": 0.33, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.terminalGrossMargin", "value": 0.36, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy27OpexRatio", "value": 0.16, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.terminalOpexRatio", "value": 0.15, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.futureSbcRatio", "value": 0.018, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.post27Growth", "value": 0.09, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.terminalGrowth", "value": 0.03, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.exitEbitMultiple", "value": 16, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.wacc", "value": 0.14, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.terminalRoic", "value": 0.15, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.h2Capex", "value": 0.75, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.fy27Capex", "value": 1.15, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.capexRatio", "value": 0.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.capexFloor", "value": 0.18, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.receivableDays", "value": 105, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.inventoryDays", "value": 125, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.payableDays", "value": 65, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.accrualRatio", "value": 0.035, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.amazonShare", "value": 0.4, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.bankAccess", "value": 0.6, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.issuancePriceFactor", "value": 0.6, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.psuVesting", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.assetLife", "value": 7, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.prepaymentRatio", "value": 0.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.1.openingPrepayRealization", "value": 0.9, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.probability", "value": 0.45, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy26Revenue", "value": 1.1, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.q3Revenue", "value": 0.2725, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.q3GrossMargin", "value": 0.2975, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.q4GrossMargin", "value": 0.325, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.quarterlyOpex", "value": 0.075, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.mid27Realization", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy27QuarterRamp.0", "value": 0.68, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy27QuarterRamp.1", "value": 0.95, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy27QuarterRamp.2", "value": 1.03, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy27QuarterRamp.3", "value": 1.1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy27Catv", "value": 0.4, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy27Other", "value": 0.02, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy27GrossMargin", "value": 0.37, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.terminalGrossMargin", "value": 0.4, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy27OpexRatio", "value": 0.13, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.terminalOpexRatio", "value": 0.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.futureSbcRatio", "value": 0.018, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.post27Growth", "value": 0.16, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.terminalGrowth", "value": 0.03, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.exitEbitMultiple", "value": 20, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.wacc", "value": 0.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.terminalRoic", "value": 0.18, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.h2Capex", "value": 0.78, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.fy27Capex", "value": 1.35, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.capexRatio", "value": 0.11, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.capexFloor", "value": 0.18, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.receivableDays", "value": 85, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.inventoryDays", "value": 100, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.payableDays", "value": 75, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.accrualRatio", "value": 0.035, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.amazonShare", "value": 0.4, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.bankAccess", "value": 0.85, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.issuancePriceFactor", "value": 0.85, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.psuVesting", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.assetLife", "value": 7, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.prepaymentRatio", "value": 0.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.2.openingPrepayRealization", "value": 0.9, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.probability", "value": 0.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy26Revenue", "value": 1.18, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.q3Revenue", "value": 0.29, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.q3GrossMargin", "value": 0.305, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.q4GrossMargin", "value": 0.34, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.quarterlyOpex", "value": 0.075, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.mid27Realization", "value": 1.15, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy27QuarterRamp.0", "value": 0.75, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy27QuarterRamp.1", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy27QuarterRamp.2", "value": 1.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy27QuarterRamp.3", "value": 1.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy27Catv", "value": 0.45, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy27Other", "value": 0.02, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy27GrossMargin", "value": 0.4, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.terminalGrossMargin", "value": 0.43, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy27OpexRatio", "value": 0.12, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.terminalOpexRatio", "value": 0.1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.futureSbcRatio", "value": 0.018, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.post27Growth", "value": 0.22, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.terminalGrowth", "value": 0.03, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.exitEbitMultiple", "value": 24, "unit": "multiple", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.wacc", "value": 0.105, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.terminalRoic", "value": 0.22, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.h2Capex", "value": 0.85, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.fy27Capex", "value": 1.5, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.capexRatio", "value": 0.105, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.capexFloor", "value": 0.18, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.receivableDays", "value": 75, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.inventoryDays", "value": 85, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.payableDays", "value": 80, "unit": "days", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.accrualRatio", "value": 0.035, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.amazonShare", "value": 0.4, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.bankAccess", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.issuancePriceFactor", "value": 1.05, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.psuVesting", "value": 1, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.assetLife", "value": 7, "unit": "years", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.prepaymentRatio", "value": 0.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.scenarios.3.openingPrepayRealization", "value": 0.9, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.remainingWarrantExpense", "value": 0.094, "unit": "USD billion", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "estimates.warrantContraRate", "value": 0.025, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.draws", "value": 20000, "unit": "count", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.seed", "value": 250926, "unit": "count", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.executionSigma", "value": 0.16, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.growthSigma", "value": 0.045, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.marginSigma", "value": 0.025, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.capexSigma", "value": 0.15, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.workingCapitalSigma", "value": 0.15, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.multipleSigma", "value": 0.18, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.waccSigma", "value": 0.012, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "simulation.issuanceSigma", "value": 0.2, "unit": "fraction", "classification": "Dilikoglu Research estimate", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/transcripts/662748-q2-2026/", "source_date": "2026-08-06", "note": "DR estimate; source provides context, not this forecast.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}, {"path": "referencePrice", "value": 101.03, "unit": "USD per share", "classification": "Reported", "sourceUrl": "https://stockanalysis.com/stocks/aaoi/history/", "source_date": "2026-09-24", "note": "Frozen regular-session close; not a live quote.", "model_as_of": "2026-09-25", "unit_context": "USD billions and billion shares unless explicitly stated; capacity in million modules per month, ASP in USD per module. All forward operating, funding and valuation assumptions are Dilikoglu Research estimates."}], "coverage": "leaf_register", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [{"input": "Near-term forecast", "classification": "Management guidance-commentary", "treatment": "Q3 uses the release midpoint. FY2026 revenue and mid-2027 monthly product outlook come from management’s Q2 call via third-party transcription; monthly revenue is not annual revenue. Base ramps quarterly into that outlook. All later annual growth is DR estimated."}, {"input": "Capacity and product mix", "classification": "Dilikoglu Research estimate", "treatment": "Legacy, 800G and 1.6T forecasts reconcile to data-center revenue. Implied high-speed ASP is derived from modeled average capacity and saleable utilization, not a disclosed contract price. CPO/ELSFP is included in the long-term growth envelope, never added a second time. Reported revenue is net of customer-warrant accounting."}, {"input": "Operating earnings", "classification": "Dilikoglu Research estimate", "treatment": "Non-GAAP gross margin less operating costs and future SBC gives economic EBIT; lease expense is included. Existing award expense is excluded from EBIT because outstanding awards enter dilution. Positive Q2 adjusted net income included foreign tax benefits and is not a recurring operating-profit baseline."}, {"input": "Capital and cash conversion", "classification": "Dilikoglu Research estimate", "treatment": "Cash capex includes equipment advances, buildings and equipment; paid advances transfer to PP&E without a second cash outflow. June other-assets net of $324m is only a proxy for capital prepayments; 90% is deployable in Base. No noncore value is assigned to the residual. September property purchase and steel payment are included in H2 cash capex, not added twice. Phase-II deposits are separate restricted cash uses and returned later."}, {"input": "Funding and valuation date", "classification": "Dilikoglu Research estimate", "treatment": "June cash plus reported post-June ATM gross proceeds net of estimated 2% fees starts the cash bridge. Estimated elapsed Q3 operations roll into cash at September 25; subsequent quarters and years are discounted. Bank access uses a fraction of reported undrawn capacity; residual funding is common equity at a scenario issuance price. An ATM authorization is not cash or a funding guarantee. Above-$600m gross financing needs require new authorization."}, {"input": "Debt and dilution", "classification": "Reported", "treatment": "August 20 actual basic shares include known ATM issuance and award vesting. Outstanding RSUs and scenario-vested PSUs are added once. Convert principal is deducted once and premium dilution is solved at intrinsic value. GAAP carrying premium is not contractual debt accretion. Amazon warrant vesting depends on purchases; initial purchases and future customer mix are DR estimates. Cashless premium shares avoid adding exercise proceeds twice. Forecast warrant contra-revenue is added back to economic EBIT and cash once, limited to a DR estimate of remaining grant-date expense; warrant premium shares then carry the economic cost."}, {"input": "Terminal valuation", "classification": "Dilikoglu Research estimate", "treatment": "COHR-aligned 20x Base terminal economic EBIT, with 10x/16x/24x alternatives, discounted from 2036. A separate perpetuity FCFF cross-check deducts growth reinvestment. Long-run forecasts, probabilities, WACC and terminal multiples are not management guidance. No price matching or recommendation is implied."}], "native_inputs_url": "https://dilikogluresearch.com/api/model/AAOI"}, "model_note": "September 25 DR valuation using June financials and subsequent disclosed financing and property transactions. Forward estimates; no recommendation assigned.", "limitations": ["The September cash bridge is estimated; Q3 results and post-August 20 issuance are not yet reported. Actual dilution may differ.", "Revenue depends on customer qualification, components and saleable output; announced capacity is not shipped volume. Customer concentration is exceptionally high.", "June capital-prepayment detail and award amortization are incomplete; deployment, useful lives and award expense are disclosed estimates.", "No forecast tax subsidies, customer prepayments or uncommitted additional debt facilities are assumed. Future equity beyond the ATM requires financing access.", "Lease operating costs are included in margins; operating lease liabilities are not separately subtracted. Phase-II purchase option is not assumed exercised.", "Intrinsic warrant/convert dilution omits option time value. Conversion eligibility and vesting may differ from economic treatment.", "Exit multiples dominate valuation. The perpetuity cross-check and reverse valuation are diagnostics; neither calibrates the model to market.", "Outstanding awards assume gross share settlement; no separate future withholding cash is assumed. Existing bank debt is assumed refinanced, with no value assigned to refinancing. Newly drawn bank-line interest begins in the following modeled period."], "links": {"coverage": "https://dilikogluresearch.com/coverage/aaoi", "model": "https://dilikogluresearch.com/aaoi_model", "native_model": "https://dilikogluresearch.com/api/model/AAOI", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=AAOI"}, "model_version": "08ceee6192d08dfb98e72fcd2d63e6e1cb30a5d164523497936e2e753c0d635a"}}, {"id": "c9f84af454d82893ce2f0962db749ce385c1de77933acbdc7a7d01efe2fed7de", "ticker": "IREN", "recorded_at": "2026-09-25T19:43:33+00:00", "kind": "research_update", "model_as_of": "2026-09-13", "model_version": "962cac2a969d475f3a2c7b25228540c4124874fa4595999dec49fd3c49e39eaa", "research_version": "7cdfe7b7fc04290655683ec3633d567a90e206c9b6835ffd3b1c8904a118e714", "changes": [{"field": "latest_report", "old_value": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 44.67, "reference_date": "Inherited model reference; closing date not independently verified", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13"}, "new_value": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 43.83, "reference_date": "2026-09-11", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13", "reference_sources": [{"title": "Yahoo Finance historical prices", "url": "https://finance.yahoo.com/quote/IREN/history/"}, {"title": "Stock Analysis historical prices (S&P Global Market Intelligence)", "url": "https://stockanalysis.com/stocks/iren/history/"}], "reference_correction": {"date": "2026-09-25", "note": "Restored the original report reference: $43.83, the September 11, 2026 closing price. The September 13 edition had substituted the model’s unverified $44.67 reference. Implied upside to the unchanged $100 target is 128.2%. Rating, valuation assumptions and scenario values are unchanged."}}}], "snapshot": {"schema_version": "1.0", "ticker": "IREN", "company": "IREN Limited", "currency": "USD", "model_as_of": "2026-09-13", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 44.67, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "published_coverage", "model_rating": null, "latest_report": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 43.83, "reference_date": "2026-09-11", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13", "reference_sources": [{"title": "Yahoo Finance historical prices", "url": "https://finance.yahoo.com/quote/IREN/history/"}, {"title": "Stock Analysis historical prices (S&P Global Market Intelligence)", "url": "https://stockanalysis.com/stocks/iren/history/"}], "reference_correction": {"date": "2026-09-25", "note": "Restored the original report reference: $43.83, the September 11, 2026 closing price. The September 13 edition had substituted the model’s unverified $44.67 reference. Implied upside to the unchanged $100 target is 128.2%. Rating, valuation assumptions and scenario values are unchanged."}}, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 111.22492066760168, "probability_weighted": 98.90941702234045, "scenarios": {"failure": {"fair_value": 6.081111522341276, "probability": 0.1}, "bear": {"fair_value": 43.029821067614165, "probability": 0.25}, "base": {"fair_value": 111.22492066760168, "probability": 0.45}, "bull": {"fair_value": 187.46318151391011, "probability": 0.2}}, "monte_carlo_median": 95.4570649164615, "method": "EV/ARR + residual power value"}, "thesis": {"pillars": ["Owned power and data-center infrastructure can support financing capacity and residual value beyond the GPU fleet.", "New-cohort AI-cloud pricing must be supported by customer economics; secured power alone does not justify a higher ARR/MW assumption.", "Customer prepayments and project financing can reduce residual common-equity needs, provided commissioning and cash timing align."], "variant": "The underwriting separates the value of delivered AI-cloud economics from owned infrastructure and secured-power optionality. Capacity that has not become a financeable project does not earn the same treatment as operating capacity.", "risks": ["Contract conversion and commissioning may lag the deployment schedule.", "Capital intensity and funding costs may absorb operating gains.", "Options, RSUs, convertible claims and future funding dilute common-share value."], "summary": "IREN’s opportunity is to turn owned power and data-center infrastructure into profitable AI-cloud capacity. Per-share value depends on contract economics, timely deployment and project funding that limits common-equity dilution."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "2ff34739e5c8b7db0ae0ef8d0520e4a7e75fc8d9c9d25bcb3c7442ce1b205d61"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}], "open": [{"title": "Award reconciliation and security settlement", "materiality": "Material", "treatment": "June service/performance awards plus July CEO grants total 38.914m before intervening exercises or forfeitures, versus 38.646m modeled. The 0.268m bridge remains unresolved. Granted awards, net premium dilution and a separate future compensation reserve reduce value, but do not prove all unresolved terms conservative. Exact settlement eligibility and subsequent award movements still require reconciliation; no numerical model change is asserted by this review.", "status": "Award movements and settlement eligibility remain unreconciled.", "why_it_matters": "Share count and settlement terms affect dilution and equity value.", "valuation_impact": "Included in the current share bridge. No valuation change in this presentation cleanup; reconciliation may change future estimates."}], "summary": "Selected security inputs rechecked against the FY26 Form 10-K on September 24, 2026. The remaining award and settlement reconciliation is material; forecasts remain DR estimates."}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/IREN"}, "model_note": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/iren", "model": "https://dilikogluresearch.com/iren_model", "native_model": "https://dilikogluresearch.com/api/model/IREN", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=IREN"}, "model_version": "962cac2a969d475f3a2c7b25228540c4124874fa4595999dec49fd3c49e39eaa"}}, {"id": "7789f41b606bdab778e91fbd2f99f04c49dba983522c5d375bd5266934025d30", "ticker": "IREN", "recorded_at": "2026-09-25T19:48:46+00:00", "kind": "research_update", "model_as_of": "2026-09-25", "model_version": "e9a76b8bb010ab4e889336f97f86b0215daf065acc69e4a30386f70caf6d6c66", "research_version": "f8dafd2dfd8a2a7e9e5dc951f4a597136dca5ad860c9a498ebb7e1916825dc66", "changes": [{"field": "model_as_of", "old_value": "2026-09-13", "new_value": "2026-09-25"}, {"field": "valuation", "old_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 111.22492066760168, "probability_weighted": 98.90941702234045, "scenarios": {"failure": {"fair_value": 6.081111522341276, "probability": 0.1}, "bear": {"fair_value": 43.029821067614165, "probability": 0.25}, "base": {"fair_value": 111.22492066760168, "probability": 0.45}, "bull": {"fair_value": 187.46318151391011, "probability": 0.2}}, "monte_carlo_median": 95.4570649164615, "method": "EV/ARR + residual power value"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 111.17380821754548, "probability_weighted": 98.86512909047798, "scenarios": {"failure": {"fair_value": 6.079005564057038, "probability": 0.1}, "bear": {"fair_value": 43.01308073184694, "probability": 0.25}, "base": {"fair_value": 111.17380821754548, "probability": 0.45}, "bull": {"fair_value": 187.37872326607533, "probability": 0.2}}, "monte_carlo_median": 95.41313991842459, "method": "EV/ARR + residual power value"}}, {"field": "sources", "old_value": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Reconstructed from research record; derived inputs disclosed", "input_sha256": "2ff34739e5c8b7db0ae0ef8d0520e4a7e75fc8d9c9d25bcb3c7442ce1b205d61"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}], "open": [{"title": "Award reconciliation and security settlement", "materiality": "Material", "treatment": "June service/performance awards plus July CEO grants total 38.914m before intervening exercises or forfeitures, versus 38.646m modeled. The 0.268m bridge remains unresolved. Granted awards, net premium dilution and a separate future compensation reserve reduce value, but do not prove all unresolved terms conservative. Exact settlement eligibility and subsequent award movements still require reconciliation; no numerical model change is asserted by this review.", "status": "Award movements and settlement eligibility remain unreconciled.", "why_it_matters": "Share count and settlement terms affect dilution and equity value.", "valuation_impact": "Included in the current share bridge. No valuation change in this presentation cleanup; reconciliation may change future estimates."}], "summary": "Selected security inputs rechecked against the FY26 Form 10-K on September 24, 2026. The remaining award and settlement reconciliation is material; forecasts remain DR estimates."}}, "new_value": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Security inputs reviewed; operating baseline retained; unresolved items disclosed", "input_sha256": "610dfd2c1e4b0cb3b0347e89b0d28e475d69240dbd9404e16e977cff6173d6e6"}, "evidence_review": {"reviewed_on": "2026-09-25", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}, {"text": "Notes 25 and 30 identify 14.989686m June service awards, 5.726040m performance awards and 18.198656m July CEO grants. Gross sum: 38.914382m. The July grants vest over four years; holding restrictions do not cancel the claim.", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}, {"text": "Executive RSU form: shares are the usual settlement, subject to vesting and other conditions; regulatory cash settlement and tax withholding alternatives exist. This form is not proof of the terms of every individual award.", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/a1052formofrsuawardagree.htm"}], "open": [{"title": "Post-June award movements", "materiality": "Residual uncertainty", "status": "Gross disclosed grant bridge reconciled; net outstanding claims remain estimated.", "treatment": "The model now uses 38.914382m gross economic award claims rather than the unsupported 38.646m net figure. No vesting discount is applied. Later exercises, forfeitures and acquisition-related grants remain unreconciled; this is not a verified September outstanding balance. Already-issued awards can overlap the August basic count; later grants can add claims.", "why_it_matters": "Share issuance and forfeitures can change the net economic award claim.", "valuation_impact": "Award change alone: Base $111.2249 to $111.1738; PW $98.9094 to $98.8651. Rounded $100 report target unchanged."}, {"title": "Settlement timing and hedge realization", "materiality": "Material assumption", "status": "Disclosed terms checked; future realization remains a DR assumption.", "treatment": "Principal, conversion prices and hedge strikes agree with the filing. Cash/share settlement is elected by the issuer. The model retains principal in debt and charges only premium net of assumed matching hedge payoff; it does not establish legal conversion eligibility. Exact hedge coverage following early unwind, counterparty performance and post-June transactions remain subject to review.", "why_it_matters": "Reduced hedge protection raises the common-share claim even when headline note terms are correct.", "valuation_impact": "No capped-call protection stress: Base $105.39. This is a sensitivity, not a forecast of hedge failure."}], "summary": "Security review 25 September 2026: disclosed award components and note terms checked. Gross award claims now use a traceable DR estimate; post-June movements and future hedge realization remain explicit limitations."}}}, {"field": "model_note", "old_value": "Reconstructed research baseline. Forecasts, NAV estimates and missing-input derivations are Dilikoğlu Research estimates; rounded source inputs limit precision. Security terms are recovered from the research record, not freshly verified filings.", "new_value": "Security inputs reviewed against FY26 filings on 25 September 2026. Operating and funding scenarios remain the 13 September underwriting. Gross award claims and future settlement/hedge realization are Dilikoglu Research estimates; post-June award movements remain unverified."}, {"field": "model_version", "old_value": "962cac2a969d475f3a2c7b25228540c4124874fa4595999dec49fd3c49e39eaa", "new_value": "e9a76b8bb010ab4e889336f97f86b0215daf065acc69e4a30386f70caf6d6c66"}], "snapshot": {"schema_version": "1.0", "ticker": "IREN", "company": "IREN Limited", "currency": "USD", "model_as_of": "2026-09-25", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 44.67, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "published_coverage", "model_rating": null, "latest_report": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 43.83, "reference_date": "2026-09-11", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13", "reference_sources": [{"title": "Yahoo Finance historical prices", "url": "https://finance.yahoo.com/quote/IREN/history/"}, {"title": "Stock Analysis historical prices (S&P Global Market Intelligence)", "url": "https://stockanalysis.com/stocks/iren/history/"}], "reference_correction": {"date": "2026-09-25", "note": "Restored the original report reference: $43.83, the September 11, 2026 closing price. The September 13 edition had substituted the model’s unverified $44.67 reference. Implied upside to the unchanged $100 target is 128.2%. Rating, valuation assumptions and scenario values are unchanged."}}, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 111.17380821754548, "probability_weighted": 98.86512909047798, "scenarios": {"failure": {"fair_value": 6.079005564057038, "probability": 0.1}, "bear": {"fair_value": 43.01308073184694, "probability": 0.25}, "base": {"fair_value": 111.17380821754548, "probability": 0.45}, "bull": {"fair_value": 187.37872326607533, "probability": 0.2}}, "monte_carlo_median": 95.41313991842459, "method": "EV/ARR + residual power value"}, "thesis": {"pillars": ["Owned power and data-center infrastructure can support financing capacity and residual value beyond the GPU fleet.", "New-cohort AI-cloud pricing must be supported by customer economics; secured power alone does not justify a higher ARR/MW assumption.", "Customer prepayments and project financing can reduce residual common-equity needs, provided commissioning and cash timing align."], "variant": "The underwriting separates the value of delivered AI-cloud economics from owned infrastructure and secured-power optionality. Capacity that has not become a financeable project does not earn the same treatment as operating capacity.", "risks": ["Contract conversion and commissioning may lag the deployment schedule.", "Capital intensity and funding costs may absorb operating gains.", "Options, RSUs, convertible claims and future funding dilute common-share value."], "summary": "IREN’s opportunity is to turn owned power and data-center infrastructure into profitable AI-cloud capacity. Per-share value depends on contract economics, timely deployment and project funding that limits common-equity dilution."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Security inputs reviewed; operating baseline retained; unresolved items disclosed", "input_sha256": "610dfd2c1e4b0cb3b0347e89b0d28e475d69240dbd9404e16e977cff6173d6e6"}, "evidence_review": {"reviewed_on": "2026-09-25", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}, {"text": "Notes 25 and 30 identify 14.989686m June service awards, 5.726040m performance awards and 18.198656m July CEO grants. Gross sum: 38.914382m. The July grants vest over four years; holding restrictions do not cancel the claim.", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}, {"text": "Executive RSU form: shares are the usual settlement, subject to vesting and other conditions; regulatory cash settlement and tax withholding alternatives exist. This form is not proof of the terms of every individual award.", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/a1052formofrsuawardagree.htm"}], "open": [{"title": "Post-June award movements", "materiality": "Residual uncertainty", "status": "Gross disclosed grant bridge reconciled; net outstanding claims remain estimated.", "treatment": "The model now uses 38.914382m gross economic award claims rather than the unsupported 38.646m net figure. No vesting discount is applied. Later exercises, forfeitures and acquisition-related grants remain unreconciled; this is not a verified September outstanding balance. Already-issued awards can overlap the August basic count; later grants can add claims.", "why_it_matters": "Share issuance and forfeitures can change the net economic award claim.", "valuation_impact": "Award change alone: Base $111.2249 to $111.1738; PW $98.9094 to $98.8651. Rounded $100 report target unchanged."}, {"title": "Settlement timing and hedge realization", "materiality": "Material assumption", "status": "Disclosed terms checked; future realization remains a DR assumption.", "treatment": "Principal, conversion prices and hedge strikes agree with the filing. Cash/share settlement is elected by the issuer. The model retains principal in debt and charges only premium net of assumed matching hedge payoff; it does not establish legal conversion eligibility. Exact hedge coverage following early unwind, counterparty performance and post-June transactions remain subject to review.", "why_it_matters": "Reduced hedge protection raises the common-share claim even when headline note terms are correct.", "valuation_impact": "No capped-call protection stress: Base $105.39. This is a sensitivity, not a forecast of hedge failure."}], "summary": "Security review 25 September 2026: disclosed award components and note terms checked. Gross award claims now use a traceable DR estimate; post-June movements and future hedge realization remain explicit limitations."}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/IREN"}, "model_note": "Security inputs reviewed against FY26 filings on 25 September 2026. Operating and funding scenarios remain the 13 September underwriting. Gross award claims and future settlement/hedge realization are Dilikoglu Research estimates; post-June award movements remain unverified.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/iren", "model": "https://dilikogluresearch.com/iren_model", "native_model": "https://dilikogluresearch.com/api/model/IREN", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=IREN"}, "model_version": "e9a76b8bb010ab4e889336f97f86b0215daf065acc69e4a30386f70caf6d6c66"}}, {"id": "11f0771ef2674675eb8058c08906094c9d7341eb4e5acf57178960e471791892", "ticker": "NBIS", "recorded_at": "2026-09-25T20:05:34.962060+00:00", "kind": "research_update", "model_as_of": "2026-09-25", "model_version": "272a5ecf56e2d7c1acf8a4d2cf67900a318a99cd65eb08c31049fecc79553ab9", "research_version": "2326d004fadb07414e3b84c88ab397514322b9b8632417a6ed84560e7853e889", "changes": [{"field": "model_as_of", "old_value": "2026-09-13", "new_value": "2026-09-25"}, {"field": "valuation", "old_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 265.43228458210046, "probability_weighted": 215.8900101739098, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 44.24452355359033, "probability": 0.3}, "base": {"fair_value": 265.43228458210046, "probability": 0.45}, "bull": {"fair_value": 554.4808336392498, "probability": 0.15}}, "monte_carlo_median": 187.7645213229158, "method": "AI Cloud EV/YE27 ARR + non-core SOTP − economic net debt"}, "new_value": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 265.432597869146, "probability_weighted": 215.90725839647587, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 44.301949966745426, "probability": 0.3}, "base": {"fair_value": 265.432597869146, "probability": 0.45}, "bull": {"fair_value": 554.4800291022436, "probability": 0.15}}, "monte_carlo_median": 187.7829593410151, "method": "AI Cloud EV/YE27 ARR + non-core SOTP − economic net debt"}}, {"field": "governance", "old_value": {"bands": [{"driver": "2027 new commercial MW", "failure": "<650", "bear": "650–<1,050", "base": "1,050–1,350", "bull": ">1,350"}, {"driver": "Comparable new-contract ARR/MW ($m)", "failure": "<12", "bear": "12–<17", "base": "17–23", "bull": ">23"}, {"driver": "AI Cloud EBITDA margin", "failure": "<25%", "bear": "25–<40%", "base": "40–52%", "bull": ">52%"}, {"driver": "New-deal payback (years)", "failure": ">3.5", "bear": ">2.5–3.5", "base": "1.5–2.5", "bull": "<1.5"}], "falsifiers": ["Persistent new-cohort ARR/MW below ~$12–15m", "2027 deployment materially below ~700MW", "Scaled AI Cloud EBITDA margin below ~30%", "Common equity exceeds 50% of incremental build cash funding", "New-deal payback exceeds 3.5 years", "Material customer cancellation, default or refund", "Inability to repeat asset-backed financing", "Repeated distressed dilution"], "catalysts": ["Palantir partnership: watchlist only; zero valuation uplift absent disclosed economics.", "Quarterly commissioning and comparable new-contract pricing", "Repeat secured financing and customer-prepayment conversion"], "note": "Bands are evidence diagnostics, not automatic probability assignments. Payback includes prepayment/contract cash timing and must not be inferred from gross capital divided by EBITDA alone."}, "new_value": {"bands": [{"driver": "2027 new commercial MW", "failure": "<650", "bear": "650–<1,050", "base": "1,050–1,350", "bull": ">1,350"}, {"driver": "Comparable new-contract ARR/MW ($m)", "failure": "<12", "bear": "12–<17", "base": "17–23", "bull": ">23"}, {"driver": "AI Cloud EBITDA margin", "failure": "<25%", "bear": "25–<40%", "base": "40–52%", "bull": ">52%"}, {"driver": "New-deal payback (years)", "failure": ">3.5", "bear": ">2.5–3.5", "base": "1.5–2.5", "bull": "<1.5"}], "falsifiers": ["Persistent new-cohort ARR/MW below ~$12–15m", "2027 deployment materially below ~700MW", "Scaled AI Cloud EBITDA margin below ~30%", "Common equity exceeds 50% of incremental build cash funding", "New-deal payback exceeds 3.5 years", "Material customer cancellation, default or refund", "Inability to repeat asset-backed financing", "Repeated distressed dilution"], "catalysts": ["Palantir partnership: watchlist only; zero valuation uplift absent disclosed economics.", "Quarterly commissioning and comparable new-contract pricing", "Repeat secured financing and customer-prepayment conversion"], "note": "Bands are evidence diagnostics, not automatic probability assignments. Q2 management deal payback is calculated on a revenue-recognition basis, excluding prepayments. It must not be inferred from gross capital divided by EBITDA alone."}}, {"field": "sources", "old_value": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual intermediate accretion table not transcribed"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; rounded outstanding principal from supplied underwriting"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "User-supplied NBIS re-underwrite, 2026-09-13, requirements 1–18", "note": "Scenario centers and governance. Prior thread reader and original workbook unavailable. Forecast inputs are estimates, not company commitments.", "status": "Authorized underwriting instructions"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "Local implementation assumptions, 2026-09-13", "note": "Non-Base cash bridge, commissioning shares, issue prices, accretion interpolation and MC factor dispersions complete unspecified inputs. Independently review before publication.", "status": "New explicit assumptions"}, {"id": "share-awards", "classification": "Reported", "url": null, "locator": "Supplied underwriting requirement 9; Q2 award tables not independently retrieved", "note": "21.066m NVIDIA pre-funded warrants, 6.234m RSUs, 6.741m options at $88.65.", "status": "Supplied reported inputs; primary table verification pending"}, {"id": "gaap-debt", "classification": "Reported", "url": null, "locator": "Prior audit excerpt, June 30 2026", "note": "$10.042bn accreted principal versus $8.499bn GAAP carrying value. Aggregate only, predates August exchanges/new notes. No fabricated tranche allocation.", "status": "Supplied reported aggregate; primary table verification pending"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "1d4ecf60331d4a2c0c782e112bb86336f6e21353e3e58ecd138d1e468bf21740", "engine_sha256": "0e611c6d271c735d82d6c3684d9aebbb9df7ab8f9b9203f129ff5ee7ecc866b8", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}, "evidence_review": {"reviewed_on": "2026-09-24", "verified": [{"text": "August pricing release confirms original-principal conversion rates of 3.1902 and 3.0802, maturity accretion and issuer settlement choice. Exact intermediate accretion schedules remain separate from this confirmation.", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes"}, {"text": "Q2 results show $8.499bn non-current debt carrying value. This line is not total debt and does not independently verify the supplied $10.042bn accreted-principal figure.", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf"}], "open": [{"title": "All-in system capital", "materiality": "Material", "treatment": "$50m/MW in Base is a DR capital-intensity estimate, not reported capex or verified guidance. It drives project capital and residual equity; higher costs lower equity value. The exact commentary bridge remains unverified.", "status": "Exact primary commentary supporting the capital-intensity estimate remains unverified.", "why_it_matters": "System capital drives cash spending, financing needs and residual dilution.", "valuation_impact": "Used in the Base capital-cost estimate, not as a reported contractual fact. No target change in this cleanup."}, {"title": "Private holdings", "materiality": "Material", "treatment": "The $2.43bn Base non-core SOTP is a DR estimate, not an observable quoted stake value. Ownership and round-to-stake reconciliation remain open. Failure assigns only $0.77bn; that downside allowance does not prove the Base mark conservative.", "status": "Private-round valuation and ownership-to-stake reconciliation remain unverified.", "why_it_matters": "Private holdings contribute to non-core equity value.", "valuation_impact": "Included in current SOTP as DR estimates. No target change in this cleanup; revised ownership or realizable values could change valuation."}, {"title": "Shares and debt schedule", "materiality": "Material", "treatment": "The supplied warrant/award counts and accreted-debt aggregate still require a primary-table reconciliation. Awards and economic warrant shares are included, debt-like notes retain accreted claims, and conversion-like notes use original principal plus premium dilution. Intermediate accretion and conversion participation are estimates, not legal eligibility determinations.", "status": "Primary award/warrant tables and the exact accretion schedule remain unreconciled.", "why_it_matters": "Share claims and debt settlement affect the equity bridge.", "valuation_impact": "Included under the disclosed estimated security treatment. No target change in this cleanup; these are material inputs, not immaterial caveats."}], "summary": "August conversion terms and the Q2 non-current carrying-value line were rechecked on September 24, 2026. Capital intensity, private stakes and parts of the security bridge retain material estimate risk."}}, "new_value": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual schedules linked separately"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; contractual schedules linked separately"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; contractual schedules linked separately"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "FY27 scenario assumptions", "note": "Operating and valuation scenario centers are Dilikoglu Research estimates, not management commitments.", "status": "Research estimate"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "FY27 funding and simulation assumptions", "note": "Commissioning, future cash costs, financing, issuance prices and simulation dispersions are research estimates.", "status": "Research estimate"}, {"id": "share-awards", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm", "locator": "Notes 13–14; June 30, 2026", "note": "6,234,091 unvested RSUs; 6,740,600 options at $88.65; 21,065,936 NVIDIA pre-funded warrants. June balances do not establish September outstanding awards.", "status": "Verified primary source, 2026-09-25"}, {"id": "gaap-debt", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm", "locator": "Note 12, June 30, 2026 convertible note table", "note": "Historical principal before discounts $10.0418bn less $1.4248bn discount and $0.1180bn issuance costs = $8.4990bn carrying value. Not the June accreted cash claim.", "status": "Verified primary source, 2026-09-25"}, {"id": "Jun29-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925055197/tm2516825d1_ex99-4.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Jun31-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925055197/tm2516825d1_ex99-5.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Sep30-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925089969/tm2525580d4_ex4-1.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Sep32-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925089969/tm2525580d4_ex4-3.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Mar31-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926032735/tm268409d4_ex4-1.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Mar33-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926032735/tm268409d4_ex4-3.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Aug30-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926100347/tm2623863d1_ex4-1.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Aug34-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926100347/tm2623863d1_ex4-3.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "private-holdings", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm", "locator": "Notes 4–5, June 30, 2026", "note": "ClickHouse carrying amount $1.5177bn; Toloka preferred $0.0865bn. Avride SAFE-related liability $0.1781bn. Carrying values are not quoted realizable equity values.", "status": "Verified primary source, 2026-09-25"}, {"id": "annual-debt", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/nbis-20251231x20f.htm", "locator": "Note 12, 2025 conversions and September issuance", "note": "June notes: $500m each less $12.5m converted per series in 2025, less $400m exchanged per series in August 2026 = $87.5m original principal each. September $2.75bn plus $412.5m exercised greenshoe, equally split.", "status": "Verified primary source, 2026-09-25"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Standalone DR all-in system budget: Base $50m/MW. No verified management cost-per-MW guidance or matched hardware/facility cost bridge supports this figure. It is not reported capex. Capital-cost sensitivities quantify the uncertainty."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 and other commissioning profiles are DR estimates; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "private-holdings", "note": "Base ClickHouse $1.52bn rounds its reported $1.5177bn June carrying amount; no second illiquidity discount. Other scenario marks are DR net attributable equity estimates, not whole-company enterprise values. Toloka preferred carrying value is an anchor, not a verified total stake valuation. Avride must be net of SAFE and employee claims; its net stake valuation remains unverified."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "June ordinary shares plus 21.065936m pre-funded warrants and approximately 15.8m August exchange shares. No second warrant cash proceeds. Post-June award movements remain unreconciled."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Dilikoğlu Research estimate", "source": "aug-notes", "note": "Original principal reconciled to disclosed issuance, 2025 conversions and August exchange. Contractual accretion tables verified for all eight series. Holding balances to YE27 and conversion participation remain DR assumptions; historical GAAP carrying amounts are separate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "34b37be342ab08bfcb0d85e28123656c83624b168698381f8d14bfc640696859", "engine_sha256": "8d88c9c9f605b82b02dffc733b37acbb46dfcd0f6709167ae9aab8cf2bf269f6", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}, "evidence_review": {"reviewed_on": "2026-09-25", "summary": "June award counts, private-investment carrying values, historical debt accounting and all eight contractual accretion schedules verified. Capital budgets, private-stake realization and future financing remain research estimates.", "verified": [{"text": "June 30: 271.855218m ordinary shares, 21.065936m pre-funded warrants, 6.234091m unvested RSUs and 6.740600m options at $88.65. June balances are not a September award reconciliation.", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm"}, {"text": "Note 5 reports ClickHouse carrying value $1.5177bn and Toloka preferred $0.0865bn. Note 4 reports Avride SAFE-related liabilities of $0.1781bn. These are dated accounting values, not market quotes.", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm"}, {"text": "Note 12: $10.0418bn principal before unamortized discount and issuance costs reconciles to $8.4990bn carrying value. The principal column is not the June cash redemption claim.", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm"}, {"text": "All eight Exhibit C schedules transcribed; the model uses contractual straight-line interpolation. Original balances include exercised greenshoes and the June conversion/exchange reductions.", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926100347/tm2623863d1_ex4-3.htm"}], "open": [{"title": "All-in system capital", "materiality": "Material assumption", "status": "Standalone DR budget; management attribution removed.", "treatment": "Standalone DR all-in system budget: Base $50m/MW. No verified management cost-per-MW guidance or matched hardware/facility cost bridge supports this figure. It is not reported capex. Capital-cost sensitivities quantify the uncertainty.", "why_it_matters": "Higher capital cost increases residual common issuance.", "valuation_impact": "Base at $40 / $50 / $60m per MW: $293.60 / $265.43 / $242.87. Only capital cost changes."}, {"title": "Private holding realization", "materiality": "Residual uncertainty", "status": "ClickHouse accounting anchor verified; realization and other net stakes estimated.", "treatment": "Base ClickHouse $1.52bn rounds its reported $1.5177bn June carrying amount; no second illiquidity discount. Other scenario marks are DR net attributable equity estimates, not whole-company enterprise values. Toloka preferred carrying value is an anchor, not a verified total stake valuation. Avride must be net of SAFE and employee claims; its net stake valuation remains unverified.", "why_it_matters": "Subsidiary financing, employee claims, illiquidity and exit terms determine attributable equity.", "valuation_impact": "Base at 100% / 50% / 0% of assumed private holdings: $265.43 / $262.67 / $259.89."}, {"title": "Post-June awards and future settlement", "materiality": "Residual uncertainty", "status": "June awards and contractual accretion verified; subsequent award movements and conversion participation estimated.", "treatment": "June award counts are verified. Post-June vesting, issuance, forfeitures and new grants are not fully reconciled; economic basic shares include an approximate August exchange count. Contractual accretion is verified. Terminal-price participation is an economic approximation, not proof that the multi-day legal conversion test is met.", "why_it_matters": "Future shares and debt depend on awards, eligibility and settlement elections.", "valuation_impact": "Current Base $265.43 and PW $215.91. Published report snapshot and $265 target retained."}]}}}, {"field": "estimates", "old_value": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Management commentary / DR-derived all-in system arithmetic; $50m/MW is not reported capex. Exact commentary transcript remains unverified."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 supplied. Other shares are new DR estimates to approximate provisional annual revenue; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "All scenario stake values are DR estimates. ClickHouse is informed by private-round observations, not a quoted NBIS stake price; exact round/ownership source bridge pending. No separately verified observable mark in this build."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "Economic basic shares sum reported ordinary, supplied pre-funded warrant and approximate announced exchange. No second warrant exercise proceeds."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Reported", "source": "aug-notes", "note": "Instrument terms sourced per tranche; outstanding balances rounded per user. YE27 accretion is a DR estimate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "native_inputs_url": "https://dilikogluresearch.com/api/model/NBIS"}, "new_value": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Standalone DR all-in system budget: Base $50m/MW. No verified management cost-per-MW guidance or matched hardware/facility cost bridge supports this figure. It is not reported capex. Capital-cost sensitivities quantify the uncertainty."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 and other commissioning profiles are DR estimates; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "private-holdings", "note": "Base ClickHouse $1.52bn rounds its reported $1.5177bn June carrying amount; no second illiquidity discount. Other scenario marks are DR net attributable equity estimates, not whole-company enterprise values. Toloka preferred carrying value is an anchor, not a verified total stake valuation. Avride must be net of SAFE and employee claims; its net stake valuation remains unverified."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "June ordinary shares plus 21.065936m pre-funded warrants and approximately 15.8m August exchange shares. No second warrant cash proceeds. Post-June award movements remain unreconciled."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Dilikoğlu Research estimate", "source": "aug-notes", "note": "Original principal reconciled to disclosed issuance, 2025 conversions and August exchange. Contractual accretion tables verified for all eight series. Holding balances to YE27 and conversion participation remain DR assumptions; historical GAAP carrying amounts are separate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "native_inputs_url": "https://dilikogluresearch.com/api/model/NBIS"}}, {"field": "limitations", "old_value": ["Original source-of-truth workbook and full prior conversation were not accessible; this repository now has canonical code and a generated workbook export.", "Contractual intermediate accretion schedules, award tables and June GAAP tranche carrying values still require primary-source completion.", "Private non-core valuations lack a verified round-to-stake ownership bridge.", "Non-Base funding and commissioning extensions, future financing fees/amortization and quarterly financing availability require analyst review. Corporate funding is modeled as debt at par because future convert terms do not exist.", "All-in capital commentary transcript not independently located; $50m/MW remains a DR estimate.", "Existing IREN dashboard has its own frozen economics; NBIS-specific evidence supersedes the legacy shared pricing/probability text."], "new_value": ["All-in system capital remains an unverified DR budget; a matched equipment, facility and network cost bridge is unavailable.", "Private holding realization values, later financing dilution and subsidiary claims remain estimates. ClickHouse June carrying value is verified; Avride and TripleTen net equity values are not independently established.", "June award counts are verified. Post-June vesting, issuance, forfeitures and new grants are not fully reconciled; economic basic shares include an approximate August exchange count.", "Annual financing assumes funds are available when needed; quarterly collateral, fees, amortization and liquidity restrictions remain simplified. Future corporate funding is debt at par because future convert terms do not exist.", "Contractual accretion is verified. Terminal-price participation is an economic approximation, not proof that the multi-day legal conversion test is met."]}, {"field": "model_version", "old_value": "fe467e601d3aa0438930b18deb8a34bbc0133706d11b0e27bad4ebca375c8a5b", "new_value": "272a5ecf56e2d7c1acf8a4d2cf67900a318a99cd65eb08c31049fecc79553ab9"}], "snapshot": {"schema_version": "1.0", "ticker": "NBIS", "company": "Nebius Group", "currency": "USD", "model_as_of": "2026-09-25", "valuation_date": null, "valuation_horizon": "2027-12-31", "reference_price": {"value": 220.77, "date": "2026-09-04 (inherited frozen reference; not a live quote)", "kind": "frozen_research_reference", "is_live": false}, "publication_status": "published_coverage", "model_rating": null, "latest_report": {"slug": "nbis-initiation-2026-09-20", "title": "Nebius Group — Initiation of Coverage", "publication_date": "2026-09-20", "rating": "BUY · High risk", "price_target": "$265 USD · 12–18 months", "reference_price": 223.54, "reference_date": "2026-09-18", "target_price": 265, "target_basis": "Base intrinsic value of $265.43, rounded to the nearest $5. This is a Base-case realization target, not an expected-return target. Probability-weighted value is $215.89, below the $223.54 report reference; BUY does not imply positive probability-weighted upside.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "We initiate NBIS with a BUY · High risk recommendation and a $265 target, based on $265.43 Base intrinsic value. This implies 18.5% upside to the 18 September 2026 closing reference of $223.54. Probability-weighted value remains $215.89 and the Monte Carlo median is $187.76; the report retains the model’s financing and source-verification limitations.", "url": "https://dilikogluresearch.com/reports/nbis-initiation-2026-09-20"}, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 265.432597869146, "probability_weighted": 215.90725839647587, "scenarios": {"failure": {"fair_value": 0, "probability": 0.1}, "bear": {"fair_value": 44.301949966745426, "probability": 0.3}, "base": {"fair_value": 265.432597869146, "probability": 0.45}, "bull": {"fair_value": 554.4800291022436, "probability": 0.15}}, "monte_carlo_median": 187.7829593410151, "method": "AI Cloud EV/YE27 ARR + non-core SOTP − economic net debt"}, "thesis": {"pillars": ["The re-underwrite separates legacy customers from new commercial cohorts, making contract pricing and deployment the key revenue drivers.", "Customer prepayments support construction cash flow, but prepaid revenue release offsets new receipts in deferred revenue.", "Asset-backed financing can reduce common-equity issuance; the residual share count depends on debt availability and issuance economics."], "variant": "Exit ARR is distinct from annual recognized revenue. The investment case depends on commissioning throughout the year and funding that build without counting prepayments twice or subtracting debt alongside full conversion shares.", "risks": ["New-cohort pricing or deployment may fall below the underwriting bands.", "Customer cancellation, default or refund demands could weaken the funding bridge.", "Secured financing may not repeat at the assumed scale, increasing distressed dilution."], "summary": "Nebius’s growth case depends on commissioning new commercial capacity at attractive contract pricing. Customer prepayments and secured financing must fund that expansion without overstating cash generation or understating dilution."}, "governance": {"bands": [{"driver": "2027 new commercial MW", "failure": "<650", "bear": "650–<1,050", "base": "1,050–1,350", "bull": ">1,350"}, {"driver": "Comparable new-contract ARR/MW ($m)", "failure": "<12", "bear": "12–<17", "base": "17–23", "bull": ">23"}, {"driver": "AI Cloud EBITDA margin", "failure": "<25%", "bear": "25–<40%", "base": "40–52%", "bull": ">52%"}, {"driver": "New-deal payback (years)", "failure": ">3.5", "bear": ">2.5–3.5", "base": "1.5–2.5", "bull": "<1.5"}], "falsifiers": ["Persistent new-cohort ARR/MW below ~$12–15m", "2027 deployment materially below ~700MW", "Scaled AI Cloud EBITDA margin below ~30%", "Common equity exceeds 50% of incremental build cash funding", "New-deal payback exceeds 3.5 years", "Material customer cancellation, default or refund", "Inability to repeat asset-backed financing", "Repeated distressed dilution"], "catalysts": ["Palantir partnership: watchlist only; zero valuation uplift absent disclosed economics.", "Quarterly commissioning and comparable new-contract pricing", "Repeat secured financing and customer-prepayment conversion"], "note": "Bands are evidence diagnostics, not automatic probability assignments. Q2 management deal payback is calculated on a revenue-recognition basis, excluding prepayments. It must not be inferred from gross capital divided by EBITDA alone."}, "sources": {"model_sources": [{"id": "q2-results", "classification": "Reported", "url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "locator": "Q2 2026 results, pages 1–2", "note": "Q2 AI Cloud revenue $574.9m; ordinary shares 271.855218m. Accessed 2026-09-13.", "status": "Verified primary source"}, {"id": "q2-letter", "classification": "Management guidance-commentary", "url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "locator": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "note": "YE26 ARR $7–9bn; >1,000MW annual deployment from 2027; Q2 contract economics $20–25m/MW; >$9bn 2026 customer prepayments. Q2 49.7% AI Cloud EBITDA margin is reported actual.", "status": "Verified primary source"}, {"id": "jun-notes", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "locator": "June 2025 convertible notes", "note": "19.4363 shares per $1,000 original principal; maturity accretion 120% / 125%.", "status": "Verified terms; contractual schedules linked separately"}, {"id": "sep-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "locator": "September 2025 pricing terms", "note": "7.2072 shares per $1,000 original principal; 115% maturity accretion.", "status": "Verified terms; contractual schedules linked separately"}, {"id": "mar-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "locator": "March 18, 2026 pricing terms", "note": "Conversion rates 5.4579 / 5.5460; 120% maturity accretion.", "status": "Verified terms; contractual schedules linked separately"}, {"id": "aug-notes", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "locator": "August 2026 pricing terms", "note": "Original-principal conversion rates 3.1902 / 3.0802; 130% accretion-adjusted trading trigger; issuer cash/share settlement election.", "status": "Verified primary source"}, {"id": "aug-close", "classification": "Reported", "url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "locator": "August 24, 2026 closing release", "note": "$3.45bn / $2.30bn notes; $0.4bn exchange per June series for approximately 15.8m ordinary shares.", "status": "Verified primary source"}, {"id": "dr-underwrite", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "FY27 scenario assumptions", "note": "Operating and valuation scenario centers are Dilikoglu Research estimates, not management commitments.", "status": "Research estimate"}, {"id": "dr-extension", "classification": "Dilikoğlu Research estimate", "url": null, "locator": "FY27 funding and simulation assumptions", "note": "Commissioning, future cash costs, financing, issuance prices and simulation dispersions are research estimates.", "status": "Research estimate"}, {"id": "share-awards", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm", "locator": "Notes 13–14; June 30, 2026", "note": "6,234,091 unvested RSUs; 6,740,600 options at $88.65; 21,065,936 NVIDIA pre-funded warrants. June balances do not establish September outstanding awards.", "status": "Verified primary source, 2026-09-25"}, {"id": "gaap-debt", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm", "locator": "Note 12, June 30, 2026 convertible note table", "note": "Historical principal before discounts $10.0418bn less $1.4248bn discount and $0.1180bn issuance costs = $8.4990bn carrying value. Not the June accreted cash claim.", "status": "Verified primary source, 2026-09-25"}, {"id": "Jun29-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925055197/tm2516825d1_ex99-4.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Jun31-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925055197/tm2516825d1_ex99-5.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Sep30-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925089969/tm2525580d4_ex4-1.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Sep32-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925089969/tm2525580d4_ex4-3.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Mar31-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926032735/tm268409d4_ex4-1.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Mar33-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926032735/tm268409d4_ex4-3.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Aug30-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926100347/tm2623863d1_ex4-1.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "Aug34-indenture", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926100347/tm2623863d1_ex4-3.htm", "locator": "Exhibit C; Section 5.10", "note": "Contractual accretion per $1,000 original principal. Excess accretion is extinguished on conversion.", "status": "Verified primary source, 2026-09-25"}, {"id": "private-holdings", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm", "locator": "Notes 4–5, June 30, 2026", "note": "ClickHouse carrying amount $1.5177bn; Toloka preferred $0.0865bn. Avride SAFE-related liability $0.1781bn. Carrying values are not quoted realizable equity values.", "status": "Verified primary source, 2026-09-25"}, {"id": "annual-debt", "classification": "Reported", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926052948/nbis-20251231x20f.htm", "locator": "Note 12, 2025 conversions and September issuance", "note": "June notes: $500m each less $12.5m converted per series in 2025, less $400m exchanged per series in August 2026 = $87.5m original principal each. September $2.75bn plus $412.5m exercised greenshoe, equally split.", "status": "Verified primary source, 2026-09-25"}], "public_evidence": [{"url": "https://assets.nebius.com/assets/72a8c258-bbb7-4df7-ab9d-8698f6cb88fc/PR.pdf", "title": "Q2 2026 results, pages 1–2", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://assets.nebius.com/assets/a6ecfd85-a6cb-4967-8ef7-9a25bd261f9c/SHLQ226.pdf", "title": "Q2 2026 shareholder letter, commercial, capacity and financial sections", "date": null, "category": "Company Materials", "supports": "Management guidance-commentary", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465925065768/tm2519765-1_424b7.htm", "title": "June 2025 convertible notes", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-2-75-billion-of-convertible-senior-notes", "title": "September 2025 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-4-0-billion-of-convertible-senior-notes", "title": "March 18, 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-pricing-of-upsized-private-offering-of-5-0-billion-of-convertible-senior-notes", "title": "August 2026 pricing terms", "date": null, "category": "Financing / Counterparty Sources", "supports": "Reported", "source_type": "Primary company disclosure"}, {"url": "https://nebius.com/newsroom/nebius-group-announces-closing-of-private-offering-of-convertible-senior-notes-with-aggregate-gross-proceeds-of-approximately-5-75-billion", "title": "August 24, 2026 closing release", "date": null, "category": "Company Materials", "supports": "Reported", "source_type": "Primary company disclosure"}], "lineage": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Standalone DR all-in system budget: Base $50m/MW. No verified management cost-per-MW guidance or matched hardware/facility cost bridge supports this figure. It is not reported capex. Capital-cost sensitivities quantify the uncertainty."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 and other commissioning profiles are DR estimates; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "private-holdings", "note": "Base ClickHouse $1.52bn rounds its reported $1.5177bn June carrying amount; no second illiquidity discount. Other scenario marks are DR net attributable equity estimates, not whole-company enterprise values. Toloka preferred carrying value is an anchor, not a verified total stake valuation. Avride must be net of SAFE and employee claims; its net stake valuation remains unverified."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "June ordinary shares plus 21.065936m pre-funded warrants and approximately 15.8m August exchange shares. No second warrant cash proceeds. Post-June award movements remain unreconciled."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Dilikoğlu Research estimate", "source": "aug-notes", "note": "Original principal reconciled to disclosed issuance, 2025 conversions and August exchange. Contractual accretion tables verified for all eight series. Holding balances to YE27 and conversion participation remain DR assumptions; historical GAAP carrying amounts are separate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "model_provenance": {"assumptions_sha256": "34b37be342ab08bfcb0d85e28123656c83624b168698381f8d14bfc640696859", "engine_sha256": "8d88c9c9f605b82b02dffc733b37acbb46dfcd0f6709167ae9aab8cf2bf269f6", "command": "node scripts/build_nbis.js", "status": "Local re-underwrite; unresolved source checks disclosed"}, "evidence_review": {"reviewed_on": "2026-09-25", "summary": "June award counts, private-investment carrying values, historical debt accounting and all eight contractual accretion schedules verified. Capital budgets, private-stake realization and future financing remain research estimates.", "verified": [{"text": "June 30: 271.855218m ordinary shares, 21.065936m pre-funded warrants, 6.234091m unvested RSUs and 6.740600m options at $88.65. June balances are not a September award reconciliation.", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm"}, {"text": "Note 5 reports ClickHouse carrying value $1.5177bn and Toloka preferred $0.0865bn. Note 4 reports Avride SAFE-related liabilities of $0.1781bn. These are dated accounting values, not market quotes.", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm"}, {"text": "Note 12: $10.0418bn principal before unamortized discount and issuance costs reconciles to $8.4990bn carrying value. The principal column is not the June cash redemption claim.", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926094844/nbis-20260812xex99d2.htm"}, {"text": "All eight Exhibit C schedules transcribed; the model uses contractual straight-line interpolation. Original balances include exercised greenshoes and the June conversion/exchange reductions.", "url": "https://www.sec.gov/Archives/edgar/data/1513845/000110465926100347/tm2623863d1_ex4-3.htm"}], "open": [{"title": "All-in system capital", "materiality": "Material assumption", "status": "Standalone DR budget; management attribution removed.", "treatment": "Standalone DR all-in system budget: Base $50m/MW. No verified management cost-per-MW guidance or matched hardware/facility cost bridge supports this figure. It is not reported capex. Capital-cost sensitivities quantify the uncertainty.", "why_it_matters": "Higher capital cost increases residual common issuance.", "valuation_impact": "Base at $40 / $50 / $60m per MW: $293.60 / $265.43 / $242.87. Only capital cost changes."}, {"title": "Private holding realization", "materiality": "Residual uncertainty", "status": "ClickHouse accounting anchor verified; realization and other net stakes estimated.", "treatment": "Base ClickHouse $1.52bn rounds its reported $1.5177bn June carrying amount; no second illiquidity discount. Other scenario marks are DR net attributable equity estimates, not whole-company enterprise values. Toloka preferred carrying value is an anchor, not a verified total stake valuation. Avride must be net of SAFE and employee claims; its net stake valuation remains unverified.", "why_it_matters": "Subsidiary financing, employee claims, illiquidity and exit terms determine attributable equity.", "valuation_impact": "Base at 100% / 50% / 0% of assumed private holdings: $265.43 / $262.67 / $259.89."}, {"title": "Post-June awards and future settlement", "materiality": "Residual uncertainty", "status": "June awards and contractual accretion verified; subsequent award movements and conversion participation estimated.", "treatment": "June award counts are verified. Post-June vesting, issuance, forfeitures and new grants are not fully reconciled; economic basic shares include an approximate August exchange count. Contractual accretion is verified. Terminal-price participation is an economic approximation, not proof that the multi-day legal conversion test is met.", "why_it_matters": "Future shares and debt depend on awards, eligibility and settlement elections.", "valuation_impact": "Current Base $265.43 and PW $215.91. Published report snapshot and $265 target retained."}]}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": {"probability": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "commercialMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "legacyMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Commercial-equivalent YE26 capacity; Base ~8bn ARR / 12m legacy ARR/MW = ~667MW. Not connected power."}, "legacyPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "newPrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "margin": {"classification": "Dilikoğlu Research estimate", "source": "q2-letter", "note": "FY27 Base 50% is anchored to reported Q2 2026 AI Cloud adjusted EBITDA margin of 49.7%; future margin is not management guidance."}, "capitalPerMW": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "Standalone DR all-in system budget: Base $50m/MW. No verified management cost-per-MW guidance or matched hardware/facility cost bridge supports this figure. It is not reported capex. Capital-cost sensitivities quantify the uncertainty."}, "cashCapexShare": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "maintenance": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "openingDR": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "prepayments": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "release": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "cashCosts": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "liquidity": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "securedDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "corporateDebt": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "issuePrice": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "FY27 scenario estimate; not guidance or committed financing."}, "multiple": {"classification": "Dilikoğlu Research estimate", "source": "dr-underwrite", "note": "FY27 scenario estimate; not guidance or committed financing."}, "deployment": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Base 30/25/25/20 and other commissioning profiles are DR estimates; midpoint commissioning within each quarter."}, "noncore": {"classification": "Dilikoğlu Research estimate", "source": "private-holdings", "note": "Base ClickHouse $1.52bn rounds its reported $1.5177bn June carrying amount; no second illiquidity discount. Other scenario marks are DR net attributable equity estimates, not whole-company enterprise values. Toloka preferred carrying value is an anchor, not a verified total stake valuation. Avride must be net of SAFE and employee claims; its net stake valuation remains unverified."}, "basicShares": {"classification": "Dilikoğlu Research estimate", "source": "q2-results", "note": "June ordinary shares plus 21.065936m pre-funded warrants and approximately 15.8m August exchange shares. No second warrant cash proceeds. Post-June award movements remain unreconciled."}, "rsus": {"classification": "Reported", "source": "share-awards", "note": "Full award inclusion; no extra SBC share plug."}, "options": {"classification": "Reported", "source": "share-awards", "note": "Treasury-stock dilution dynamically at modeled equity value; no second exercise-cash credit."}, "converts": {"classification": "Dilikoğlu Research estimate", "source": "aug-notes", "note": "Original principal reconciled to disclosed issuance, 2025 conversions and August exchange. Contractual accretion tables verified for all eight series. Holding balances to YE27 and conversion participation remain DR assumptions; historical GAAP carrying amounts are separate."}, "securedFacility": {"classification": "Reported", "source": "q2-letter", "note": "July secured financing; held outstanding through YE27 as a DR assumption."}, "conversionTransition": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Expected conversion participation rises linearly from zero to one across ±5% around the estimated 130% trigger; avoids binary terminal-price discontinuities. Not a legal eligibility test."}, "mc": {"classification": "Dilikoğlu Research estimate", "source": "dr-extension", "note": "Median-centered lognormal factor shocks; normal margin/timing shocks; no output target fitting. Seed and loadings are reproducible."}}, "native_inputs_url": "https://dilikogluresearch.com/api/model/NBIS"}, "model_note": "Commercial MW and legacy/new-cohort ARR; quarterly revenue; deferred-revenue CFO; residual equity; original-principal conversion premium. Forecasts are Dilikoğlu Research estimates.", "limitations": ["All-in system capital remains an unverified DR budget; a matched equipment, facility and network cost bridge is unavailable.", "Private holding realization values, later financing dilution and subsidiary claims remain estimates. ClickHouse June carrying value is verified; Avride and TripleTen net equity values are not independently established.", "June award counts are verified. Post-June vesting, issuance, forfeitures and new grants are not fully reconciled; economic basic shares include an approximate August exchange count.", "Annual financing assumes funds are available when needed; quarterly collateral, fees, amortization and liquidity restrictions remain simplified. Future corporate funding is debt at par because future convert terms do not exist.", "Contractual accretion is verified. Terminal-price participation is an economic approximation, not proof that the multi-day legal conversion test is met."], "links": {"coverage": "https://dilikogluresearch.com/coverage/nbis", "model": "https://dilikogluresearch.com/nbis_model", "native_model": "https://dilikogluresearch.com/api/model/NBIS", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=NBIS"}, "model_version": "272a5ecf56e2d7c1acf8a4d2cf67900a318a99cd65eb08c31049fecc79553ab9"}}, {"id": "20e738460952d71d6a2410ba78ba13d314158c7cc82b19a3038f20a6feb9b606", "ticker": "IREN", "recorded_at": "2026-09-25T20:30:11+00:00", "kind": "research_update", "model_as_of": "2026-09-25", "model_version": "e9a76b8bb010ab4e889336f97f86b0215daf065acc69e4a30386f70caf6d6c66", "research_version": "f1476f3a54fba2379a1b8d64856f74ec3b7cb4a32a42125efc47cbff0b7802f7", "changes": [{"field": "latest_report", "old_value": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 43.83, "reference_date": "2026-09-11", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13", "reference_sources": [{"title": "Yahoo Finance historical prices", "url": "https://finance.yahoo.com/quote/IREN/history/"}, {"title": "Stock Analysis historical prices (S&P Global Market Intelligence)", "url": "https://stockanalysis.com/stocks/iren/history/"}], "reference_correction": {"date": "2026-09-25", "note": "Restored the original report reference: $43.83, the September 11, 2026 closing price. The September 13 edition had substituted the model’s unverified $44.67 reference. Implied upside to the unchanged $100 target is 128.2%. Rating, valuation assumptions and scenario values are unchanged."}}, "new_value": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 43.83, "reference_date": "2026-09-11", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13", "reference_sources": [{"title": "Yahoo Finance historical prices", "url": "https://finance.yahoo.com/quote/IREN/history/"}, {"title": "Stock Analysis historical prices (S&P Global Market Intelligence)", "url": "https://stockanalysis.com/stocks/iren/history/"}], "reference_correction": {"date": "2026-09-25", "note": "Restored the original report reference: $43.83, the September 11, 2026 closing price. The September 13 edition had substituted the model’s unverified $44.67 reference. Implied upside to the unchanged $100 target is 128.2%. Rating, valuation assumptions and scenario values are unchanged."}, "conflicts_disclosure": {"confirmed_on": "2026-09-25", "text": "At publication of this report, Tugay Dilikoğlu held no IREN securities and had no material interests in the company. He received no compensation from the company or any third party for this research.", "basis": "Author confirmation"}}}], "snapshot": {"schema_version": "1.0", "ticker": "IREN", "company": "IREN Limited", "currency": "USD", "model_as_of": "2026-09-25", "valuation_date": null, "valuation_horizon": null, "reference_price": {"value": 44.67, "date": null, "kind": "frozen_research_reference", "is_live": false}, "publication_status": "published_coverage", "model_rating": null, "latest_report": {"slug": "iren-initiation-update-2026-09-13", "title": "IREN Limited — Initiation of Coverage", "publication_date": "2026-09-13", "rating": "BUY · High risk", "price_target": "$100 USD · 12–18 months", "reference_price": 43.83, "reference_date": "2026-09-11", "target_price": 100, "target_basis": "Probability-weighted intrinsic value of $98.91, rounded to $100. The report uses the scenario-weighted outcome to reflect execution and financing risk.", "rating_methodology": "Report-specific analyst judgment over 12–18 months against the frozen report reference. No universal numeric BUY/HOLD/SELL thresholds were documented in the finalized research; model upside alone does not assign a recommendation.", "implied_upside": null, "abstract": "Base intrinsic value $111.22, probability-weighted value $98.91 and Monte Carlo median $95.46 support a rounded $100 target. The report presents owned-infrastructure economics, strategic funding, compensation and dilution, with explicit scenario and source limitations.", "url": "https://dilikogluresearch.com/reports/iren-initiation-update-2026-09-13", "reference_sources": [{"title": "Yahoo Finance historical prices", "url": "https://finance.yahoo.com/quote/IREN/history/"}, {"title": "Stock Analysis historical prices (S&P Global Market Intelligence)", "url": "https://stockanalysis.com/stocks/iren/history/"}], "reference_correction": {"date": "2026-09-25", "note": "Restored the original report reference: $43.83, the September 11, 2026 closing price. The September 13 edition had substituted the model’s unverified $44.67 reference. Implied upside to the unchanged $100 target is 128.2%. Rating, valuation assumptions and scenario values are unchanged."}, "conflicts_disclosure": {"confirmed_on": "2026-09-25", "text": "At publication of this report, Tugay Dilikoğlu held no IREN securities and had no material interests in the company. He received no compensation from the company or any third party for this research.", "basis": "Author confirmation"}}, "valuation": {"classification": "Dilikoglu Research estimate", "unit": "USD/share", "base": 111.17380821754548, "probability_weighted": 98.86512909047798, "scenarios": {"failure": {"fair_value": 6.079005564057038, "probability": 0.1}, "bear": {"fair_value": 43.01308073184694, "probability": 0.25}, "base": {"fair_value": 111.17380821754548, "probability": 0.45}, "bull": {"fair_value": 187.37872326607533, "probability": 0.2}}, "monte_carlo_median": 95.41313991842459, "method": "EV/ARR + residual power value"}, "thesis": {"pillars": ["Owned power and data-center infrastructure can support financing capacity and residual value beyond the GPU fleet.", "New-cohort AI-cloud pricing must be supported by customer economics; secured power alone does not justify a higher ARR/MW assumption.", "Customer prepayments and project financing can reduce residual common-equity needs, provided commissioning and cash timing align."], "variant": "The underwriting separates the value of delivered AI-cloud economics from owned infrastructure and secured-power optionality. Capacity that has not become a financeable project does not earn the same treatment as operating capacity.", "risks": ["Contract conversion and commissioning may lag the deployment schedule.", "Capital intensity and funding costs may absorb operating gains.", "Options, RSUs, convertible claims and future funding dilute common-share value."], "summary": "IREN’s opportunity is to turn owned power and data-center infrastructure into profitable AI-cloud capacity. Per-share value depends on contract economics, timely deployment and project funding that limits common-equity dilution."}, "governance": [], "sources": {"model_sources": [], "public_evidence": [{"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000051/irenreportsfy26results.htm", "title": "FY26 Results / Business Update", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Results / Business Update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm", "title": "FY26 Form 10-K", "date": "2026-08-27", "category": "Company Filings", "supports": "FY26 Form 10-K", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000015/iren-20251231.htm", "title": "IREN Microsoft contract terms", "date": "2026-09-05", "category": "Company Filings", "supports": "IREN Microsoft contract terms", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000025/irenreportsq3fy26results.htm", "title": "IREN 2026-2028 operating / financing update", "date": "2026-05-07", "category": "Financing / Counterparty Sources", "supports": "IREN 2026-2028 operating / financing update", "source_type": "Primary company disclosure"}, {"url": "https://www.sec.gov/Archives/edgar/data/1878848/000114036126028871/ef20078253_ex99-1.htm", "title": "IREN selective contracting update", "date": "2026-07-20", "category": "Company Filings", "supports": "IREN selective contracting update", "source_type": "Primary company disclosure"}], "lineage": [], "model_provenance": {"command": "node scripts/build_recovered_models.cjs", "status": "Security inputs reviewed; operating baseline retained; unresolved items disclosed", "input_sha256": "610dfd2c1e4b0cb3b0347e89b0d28e475d69240dbd9404e16e977cff6173d6e6"}, "evidence_review": {"reviewed_on": "2026-09-25", "verified": [{"text": "FY26 Form 10-K confirms 394.059m ordinary shares (August 14), 5.504m options at $66.03, six modeled note principal balances and conversion prices, capped-call strikes, and NVIDIA rights for up to 30m shares at $70 (Notes 17, 23–25).", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}, {"text": "Notes 25 and 30 identify 14.989686m June service awards, 5.726040m performance awards and 18.198656m July CEO grants. Gross sum: 38.914382m. The July grants vest over four years; holding restrictions do not cancel the claim.", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/iren-20260630.htm"}, {"text": "Executive RSU form: shares are the usual settlement, subject to vesting and other conditions; regulatory cash settlement and tax withholding alternatives exist. This form is not proof of the terms of every individual award.", "url": "https://www.sec.gov/Archives/edgar/data/1878848/000187884826000052/a1052formofrsuawardagree.htm"}], "open": [{"title": "Post-June award movements", "materiality": "Residual uncertainty", "status": "Gross disclosed grant bridge reconciled; net outstanding claims remain estimated.", "treatment": "The model now uses 38.914382m gross economic award claims rather than the unsupported 38.646m net figure. No vesting discount is applied. Later exercises, forfeitures and acquisition-related grants remain unreconciled; this is not a verified September outstanding balance. Already-issued awards can overlap the August basic count; later grants can add claims.", "why_it_matters": "Share issuance and forfeitures can change the net economic award claim.", "valuation_impact": "Award change alone: Base $111.2249 to $111.1738; PW $98.9094 to $98.8651. Rounded $100 report target unchanged."}, {"title": "Settlement timing and hedge realization", "materiality": "Material assumption", "status": "Disclosed terms checked; future realization remains a DR assumption.", "treatment": "Principal, conversion prices and hedge strikes agree with the filing. Cash/share settlement is elected by the issuer. The model retains principal in debt and charges only premium net of assumed matching hedge payoff; it does not establish legal conversion eligibility. Exact hedge coverage following early unwind, counterparty performance and post-June transactions remain subject to review.", "why_it_matters": "Reduced hedge protection raises the common-share claim even when headline note terms are correct.", "valuation_impact": "No capped-call protection stress: Base $105.39. This is a sensitivity, not a forecast of hedge failure."}], "summary": "Security review 25 September 2026: disclosed award components and note terms checked. Gross award claims now use a traceable DR estimate; post-June movements and future hedge realization remain explicit limitations."}}, "estimates": {"items": [], "coverage": "context_only", "unit_policy": "Null means not individually specified. Consult native input names and unit context; do not assume all numeric inputs are dollars.", "context": [], "native_inputs_url": "https://dilikogluresearch.com/api/model/IREN"}, "model_note": "Security inputs reviewed against FY26 filings on 25 September 2026. Operating and funding scenarios remain the 13 September underwriting. Gross award claims and future settlement/hedge realization are Dilikoglu Research estimates; post-June award movements remain unverified.", "limitations": [], "links": {"coverage": "https://dilikogluresearch.com/coverage/iren", "model": "https://dilikogluresearch.com/iren_model", "native_model": "https://dilikogluresearch.com/api/model/IREN", "changes": "https://dilikogluresearch.com/api/v1/changes?ticker=IREN"}, "model_version": "e9a76b8bb010ab4e889336f97f86b0215daf065acc69e4a30386f70caf6d6c66"}}], "next_cursor": "50"}