Is It Worth Paying Attention to Semi Annual Reports?

I've been hearing a lot about semi annual reports lately, especially with some big companies releasing theirs this month. I’m curious how much weight we should give to these reports when making trading decisions. Do you all take them into account, or do you feel like quarterly reports provide enough insight?

I’m still trying to get a feel for how much these semi annuals can affect stock prices in the short term. Some people say they can indicate longer-term trends, but I’m wondering if that’s just hype. What have your experiences been with them? Have you noticed any patterns or particular stocks where the semi annual reports made a noticeable impact? Would love to hear your thoughts!