โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Non-IFRS EPS: $0.53 (Est. $0.51) โ , +29% YoY.
โข Revenue: $1.899B (Est. $1.89B) โ , +13% YoY.
โข IFRS EPS: -$0.49 (vs. +$0.44 YoY).
โข IFRS Net Loss: $270M (vs. $249M profit YoY).
โข Non-IFRS Net Income: $298M, +28% YoY.
โข Non-IFRS Gross Margin: 31.4%, +540 bps YoY.
โข Non-IFRS Operating Margin: 17.9%, +250 bps YoY.
โข Adjusted EBITDA: $647M, +13% YoY.
โข Cash & Marketable Securities: $3.2B.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q4 Revenue: $1.975Bโ$2.025B, midpoint $2.00B (Est. $2.00B) ๐ฐ.
โข Q4 Non-IFRS EPS: $0.54โ$0.64, midpoint $0.59 (Est. $0.57) โ .
โข Q4 Non-IFRS Gross Margin: 30.5%โ32.5%.
โข Q4 Non-IFRS Operating Margin: 18.1%โ21.5%.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 adjusted EPS beat consensus by ~3.9%, while revenue exceeded estimates by ~0.5%.
โข IFRS net loss was driven primarily by a $441M non-cash charge from issuing 9.9M shares to the U.S. government.
โข Selected to operate two new semiconductor fabs in Malta, New York, under a U.S.-Japan initiative providing up to $21B in funding.
โข Signed a multi-year $2B manufacturing agreement with TSMC to supply silicon interposers for its CoWoS advanced packaging ecosystem, with production ramp expected in H1 2028.
โข U.S. government reallocated $955M in CHIPS Act incentives toward advanced manufacturing, silicon photonics and packaging.
โข Expanded Marvell partnership to increase SiGe manufacturing capacity for optical transceivers, NPO and CPO applications.
โข Signed a long-term manufacturing agreement with Monolithic Power Systems for power management chips, with production planned for early 2027.
โข Wafer shipments increased 7% YoY to 647K 300mm equivalents.
โข Operating cash flow declined 43% YoY to $341M, while adjusted free cash flow fell to $136M from $451M.
โข Declared a quarterly dividend of $0.12 per share, payable January 14, 2027.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe delivered strong results in the third quarter, with record non-IFRS gross margin reflecting a richer mix of business across high-value, high-growth AI applications.โ