โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $1.622B (+42.2% YoY; +9.2% QoQ), above $1.604B guidance midpoint
โข GAAP EPS: $0.68 vs. $0.03 YoY (guidance $0.53โ$0.54)
โข Adjusted EPS: $0.97 vs. $0.35 YoY (guidance $0.91โ$0.95)
โข GAAP Net Income Attributable to Common Stockholders: $373.6M vs. $13.9M YoY
โข Adjusted Net Income: $559.2M vs. $199.1M YoY
โข GAAP Gross Margin: 65.9%
โข Adjusted Gross Margin: 66.5%
โข GAAP Operating Income: $464.5M (28.6% margin)
โข Adjusted Operating Income: $639.9M (39.5% margin)
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐๐ ๐ ๐๐๐๐๐)
โข Revenue: $1.573Bโ$1.638B (+35.4% YoY at midpoint)
โข GAAP EPS: $0.47โ$0.50
โข Adjusted EPS: $0.87โ$0.95
โข GAAP Gross Margin: 62.9%โ63.9%
โข Adjusted Gross Margin: 64.0%โ65.0%
โข Adjusted Operating Margin: 37.0%โ38.5%
โข CapEx: ~$35M
๐ ๐๐๐๐๐
โข CapEx: ~$100M
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Revenue exceeded the high end of guidance, with broad-based growth led by industrial and data center applications
โข Book-to-bill remained well above 1.0, signaling continued strong order demand
โข PCIe Gen6 switch and retimer design wins doubled sequentially to 24 from 12
โข Completed acquisition of Hailo, expanding into accelerated edge AI processors
โข Acquired Vorago Technologies, strengthening radiation-hardened semiconductor capabilities for aerospace and defense
โข Q3 revenue guidance midpoint implies a 1% sequential decline, compared with normal seasonal declines of 3%โ5%
โข Approximately $53M in non-recurring Q2 revenue will not repeat in Q3
โข Adjusting for these items, management expects Q3 performance 5%โ7% better than normal seasonality
โข Lead times are lengthening, prompting additional wafer allocation and selective capacity expansion
โข Most factory expansion projects remain paused, with FY27 CapEx limited to approximately $100M
โข Returned $247.6M to common shareholders through quarterly dividends
โข Declared quarterly common dividend of $0.455 per share
โข Victor Peng stepping down from the Board due to other commitments, including his role as PsiQuantum CEO
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur September quarter net sales were above the high end of our guidance, increasing 42.2% year over year and 9.2% sequentially to $1.622 billion.โ - CEO Steve Sanghi