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โข Revenue: $73.4M (+162% YoY; +54% QoQ)
โข GAAP EPS: $0.39 vs. -$0.04 YoY
โข Non-GAAP EPS: $0.41 vs. -$0.03 YoY
โข GAAP Net Income: $25.7M vs. -$1.9M YoY
โข Non-GAAP Net Income: $26.8M vs. -$1.2M YoY
โข GAAP Gross Margin: 56.0% vs. 22.3% YoY
โข Non-GAAP Gross Margin: 56.1% vs. 22.4% YoY
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Record quarterly revenue driven by exceptionally strong demand for indium phosphide semiconductor substrates
โข Revenue increased from $47.6M in Q2 to $73.4M in Q3
โข GAAP gross margin expanded 1,110 bps QoQ and 3,370 bps YoY
โข Indium phosphide production capacity more than doubled, exceeding the company's original 2026 expansion target
โข Management says its 2026 indium phosphide revenue opportunity has more than quadrupled through productivity improvements and expanded large-diameter capabilities
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe remain laser-focused on execution and supporting our customers as they scale, and we believe we are well positioned for transformational growth as our market continues on an extraordinary trajectory.โ โ CEO Morris Young