Designs networking, broadband, and custom AI chips (ASICs) and owns major infrastructure software — a key supplier of the silicon and switching inside AI data centers.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 45 | AMBER (~40–50) |
| Capex-vs-Demand Gap | 73 | RED–AMBER (~68–78) |
| Insider-Selling Intensity | 57 | AMBER–RED (~52–62) |
| Financing Opacity / Circular Leverage | 75 | RED–AMBER (~70–80) |
| Energy & Diminishing Returns | 50 | AMBER (~45–55) |
| Organic End-User Demand | 67 | RED–AMBER (~62–72) |
Q. The $73 billion AI backlog was only disclosed on a conference call. It is not in the 8-K financial tables. Does that distinction matter?
A. Per this sheet's honest limits section, the $73B AI backlog across approximately 5 to 6 buyers was disclosed on the Q4 FY2025 earnings call on December 11, 2025 — not in the 8-K EX-99.1 body or in the 10-K tables. That means it is not audited, not reconciled, and not subject to the same disclosure controls as filed financial statement items. The sheet treats it as a minimum figure across approxima
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Watching: Capex vs demand, Circular financing, Organic demand before the print.
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 57.0/100 from the engine.
Discretionary (no-plan) selling on the recent record: $20,840,209.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Delly Gayla J | Director | 2026-07-10 | Gift | — | — |
| Brazeal Mark David | Chief Legal & Corp Aff | 2026-07-10 | Sale | $10,033,225 | discretionary |
| Delly Gayla J | Director | 2026-07-08 | Sale | $728,368 | discretionary |
| Brazeal Mark David | Chief Legal & Corp Aff | 2026-07-08 | Sale | $9,479,700 | discretionary |
| Page Justine | Director | 2026-06-29 | Sale | $598,916 | discretionary |
EDGAR Form 4, parsed structured · last 5 txns · asof 2026-07-20 · refreshes off the Form-4 event class
| Announced cuts (2026) | 2,837 |
| Date | 2024 |
| Confidence | high |
| Attribution | NOT-AI |
| Driver | cyclical-restructuring |
| Source | VMware integration |
2024 VMware-integration cut — NOT 2026, NOT AI. Stale + cyclical; kept for L1 coverage, flagged.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.