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Quarterly revenue

59.89$B

Trend YoY growth is +25.4%, accelerating by 4.1 pp/year over the last 3Y. Latest: +23.8%, 1.7 pp below trend, a 0.3σ deviation. The latest YoY reading is boosted by 74 bps due to an easy comparison base from Oct 1.

Level

YoY %

y = 14.3% + 4.1 pp/yr · t

Deviation from trend

Forecast

Projected value by forecast vintage ($B)

Projected value ($B)

Forecast made inQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27MAPE
Q1 '2542.3145.0646.1654.2346.7351.7254.9363.2248.5642%
Q2 '2547.5248.7958.3451.1657.6362.3373.0762.6118%
Q3 '2551.2461.3354.5862.3568.3781.2775.2912%
Q4 '2559.8954.5362.5568.8782.1776.35
Q1 '2654.5362.5568.8782.1776.35

YoY change forecast

Forecast made inQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27MAPE
Q1 '25+16.0%+15.3%+13.7%+12.1%+10.4%+8.8%+7.2%+5.6%+3.9%42%
Q2 '25+21.6%+20.2%+20.6%+20.9%+21.3%+21.6%+22.0%+22.4%18%
Q3 '25+26.2%+26.7%+29.0%+31.2%+33.4%+35.7%+37.9%12%
Q4 '25+23.8%+28.9%+31.6%+34.4%+37.2%+40.0%
Q1 '26+28.9%+31.6%+34.4%+37.2%+40.0%