โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $269.9M (+127.5% YoY; +40.6% QoQ)
โข GAAP EPS (Basic): $0.07 vs. -$0.28 YoY
โข Adjusted EPS: $0.17 vs. -$0.09 YoY
โข GAAP Net Income: $6.3M vs. -$17.9M YoY
โข Adjusted Net Income: $14.8M vs. -$5.4M YoY
โข GAAP Gross Margin: 28.2% vs. 28.0% YoY
โข Adjusted Gross Margin: 28.7% vs. 31.0% YoY
โข Cash & Restricted Cash: $621.5M
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐๐ ๐๐๐๐)
โข Revenue: $385Mโ$420M (+43% to +56% QoQ)
โข Adjusted EPS: $0.48โ$0.63
โข Adjusted Net Income: $45.9Mโ$60.4M
โข Adjusted Gross Margin: 29.5%โ31.0%
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Sixth consecutive quarter of record revenue
โข Datacenter revenue surged 254% YoY to $155.6M
โข Secured multi-year strategic agreement with a Tier 1 hyperscale datacenter customer
โข Strong demand for 800G and 1.6T optical transceivers drives manufacturing expansion
โข Current manufacturing equipment capacity approaching 330,000 units per month
โข Targeting installed equipment capacity above 500,000 units/month by year-end 2026
โข Targeting more than 1M 800G/1.6T transceivers per month by year-end 2027
โข U.S. capacity expansion facing delays due to electrical power availability and construction issues
โข Adjusted gross margin contracted 230 bps YoY despite significant revenue growth
โข Weighted-average basic shares increased 35% YoY to 85.4M, reflecting dilution
โข Q4 revenue midpoint of $402.5M implies approximately 49% sequential growth
โข Q4 adjusted EPS guidance assumes approximately 96M shares outstanding
โข Cash and restricted cash increased to $621.5M from $216.0M at year-end 2025
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe have made meaningful progress in scaling our manufacturing capabilities, particularly for our 800G and 1.6T products, to address demand for AI-related optical technologies that we believe is accelerating.โ - CEO Thompson Lin