Are you asking me or the OP?
I asked @mitchiemasha , but he is using the default settings F7 Direct Offline Process. So the description is as expected, right?
Did you try changing the key the pitch shift was on. I have auto apply on.
See this video Cubase 12 Pitch Shift Bug V2 - YouTube
I also don’t have “time correction” selected. Area 52 does, I’ve not tested to see if this changes things, currently not in the studio.
It’s fixed in latest update but the graphical display of the waveform is broken.
Reported to Steinberg. Thank you.