What changed: r5 to r6
First sourced backlog-to-revenue and cash model. Separates existing backlog, new orders and customer-funded cash; no double counting of the record project awards.
Retrieval clocks and internal hashes are excluded. Changed source or accounting definitions are not automatically an economic restatement. The authored reason describes the destination revision.
| Field | Before | After |
|---|---|---|
| /estimates/basis | Desk base scenario from the operating model; not consensus. | Desk base scenario from the operating model; not consensus. Revenue basis: Revenue ($M). |
| /estimates/rows/2026Q4/basis | Desk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance. | Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2027Q1/basis | Desk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance. | Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2027Q2/basis | Desk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance. | Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /estimates/rows/2027Q3/basis | Desk base scenario; calculated from the operating-model inputs below. Not consensus or company guidance. | Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance. |
| /memory/as_of | 2026-09-18 | 2026-09-21 |
| /memory/bands/10d/n | None | 300 |
| /memory/bands/10d/p10 | -5.825 | -7.454 |
| /memory/bands/10d/p50 | -0.208 | -0.304 |
| /memory/bands/10d/p90 | 4.731 | 6.457 |
| /memory/bands/10d/p_up | 0.473 | 0.437 |
| /memory/bands/126d/censored | None | 0 |
| /memory/bands/126d/n | None | 288 |
| /memory/bands/126d/p10 | None | -21.157 |
| /memory/bands/126d/p50 | None | 2.254 |
| /memory/bands/126d/p90 | None | 32.354 |
| /memory/bands/126d/p_up | None | 0.559 |
| /memory/bands/1d/n | None | 300 |
| /memory/bands/1d/p10 | -1.831 | -1.377 |
| /memory/bands/1d/p50 | -0.04 | -0.06 |
| /memory/bands/1d/p90 | 1.697 | 1.425 |
| /memory/bands/21d/censored | None | 0 |
| /memory/bands/21d/n | None | 297 |
| /memory/bands/21d/p10 | None | -10.351 |
| /memory/bands/21d/p50 | None | -0.165 |
| /memory/bands/21d/p90 | None | 11.419 |
| /memory/bands/21d/p_up | None | 0.488 |
| /memory/bands/252d/censored | None | 0 |
| /memory/bands/252d/n | None | 278 |
| /memory/bands/252d/p10 | None | -22.824 |
| /memory/bands/252d/p50 | None | 4.507 |
| /memory/bands/252d/p90 | None | 59.858 |
| /memory/bands/252d/p_up | None | 0.565 |
| /memory/bands/5d/n | None | 300 |
| /memory/bands/5d/p10 | -3.912 | -4.256 |
| /memory/bands/5d/p50 | -0.126 | -0.169 |
| /memory/bands/5d/p90 | 3.562 | 4.261 |
| /memory/bands/5d/p_up | 0.48 | 0.473 |
| /memory/bands/63d/censored | None | 0 |
| /memory/bands/63d/n | None | 294 |
| /memory/bands/63d/p10 | None | -14.714 |
| /memory/bands/63d/p50 | None | 1.655 |
| /memory/bands/63d/p90 | None | 20.604 |
| /memory/bands/63d/p_up | None | 0.585 |
| /memory/state | up/below/off/stuck/ordinary/strong/some | up/below/off/stuck/quiet/mid/some |
| /meta/as_of | 2026-09-19 | 2026-09-22 |
| /meta/revision | 5 | 6 |