Earnings history

last 4 reports each · paired by recencyMethod

2 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±3.7%−6.45%×1.76

Q2 FY26±3.8%+3.50%×0.92

Q1 FY26±4.4%+0.39%×0.09

Q4 FY25±4.0%+4.65%×1.18

2 of 4at or beyond implied

Reportimpliedrealized× implied

Q3 FY26±3.8%−3.49%×0.92

Q2 FY26±3.1%+5.84%×1.87

Q1 FY26±4.9%+1.55%×0.33

Jan 30 '26±3.5%+11.83%×3.37

= impliedT realized, solidVZ realized, hatchedOne scale, both sides: full bar = 12%× = |realized| ÷ impliedSource: market data

T compared with VZ: revenue, margins and what each company keeps, and the suppliers and customers both name