Wolfspeed (NYSE:WOLF) Q2 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsBrian Lee - Chief Risk OfficerGregor van Issum - CFOJed Dorsheimer - Group Head Energy ResearchJoe Cardoso - VP of Equity ResearchRobert Feurle - CEOTyler Gronbach - VP of Investor RelationsConference Call ParticipantsChristopher Rolland - Senior Equity Analyst of SemiconductorsOperatorThank you for standing by, and welcome to the Wolfspeed Inc. Second Quarter Fiscal Year 2026 earnings call. At this time, all parti ...

Wolfspeed (NYSE:WOLF) Q2 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsBrian Lee - Chief Risk OfficerGregor van Issum - CFOJed Dorsheimer - Group Head Energy ResearchJoe Cardoso - VP of Equity ResearchRobert Feurle - CEOTyler Gronbach - VP of Investor RelationsConference Call ParticipantsChristopher Rolland - Senior Equity Analyst of SemiconductorsOperatorThank you for standing by, and welcome to the Wolfspeed Inc. Second Quarter Fiscal Year 2026 Earnings Call. At this time, all parti ...

Financial Data and Key Metrics Changes - SiTime reported Q4 2025 revenue of $113.3 million, a 66% increase year-over-year, with earnings per share tripling from $0.48 to $1.53 [8][9] - For the full year 2025, revenue reached $326.7 million, up 61% year-over-year, with gross margins expanding to 59.3% [15][9] - Non-GAAP operating profit for 2025 was $58.6 million, representing 18% of revenue, with cash flow from operations improving to $87.2 million from $23.2 million in 2024 [15][16] Business Line Data and Key Metrics Changes - The Communications Enterprise and Data Center (CED) segment grew 160% year-over-year, contributing $64.6 million or 57% of total revenue in Q4 [16][10] - Automotive, industrial, and aerospace segments delivered $24.5 million, or 22% of revenue, increasing 19% year-over-year [17] - Consumer, IoT, and mobile revenue was $24.2 million, or 21% of total revenue, up 7% year-over-year [17] Market Data and Key Metrics Changes - Demand for oscillators used in 1.6 terabit optical modules increased by 50% in 2026 forecasts, indicating strong market growth [10] - The book-to-bill ratio was over 1.5 at the end of Q4, reflecting strong demand across the customer base [9] - The company expects significant growth in 2026 driven by AI CapEx spending and increased demand for high-performance networking infrastructure [10][12] Company Strategy and Development Direction - SiTime aims to lead in high-value precision timing applications and deliver differentiated system-level solutions [13] - The acquisition of Renesas' timing business is expected to enhance SiTime's product portfolio and accelerate growth, particularly in the CED segment [24][28] - The company plans to maintain a long-term growth rate of 25%-30% post-acquisition, leveraging the strengths of both businesses [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory for 2026, citing strong demand in AI and data centers as key growth drivers [39][40] - The company anticipates continued growth across all segments, with specific opportunities in aerospace and defense applications [40] - Management highlighted the importance of maintaining a strong supply chain to support growth and meet increasing demand [82][84] Other Important Information - The acquisition of Renesas' timing business is valued at $1.5 billion in cash and approximately 4.13 million newly issued SiTime shares [28] - The transaction is expected to close by the end of 2026, subject to regulatory approvals [28] Q&A Session Summary Question: What is the source of the strong bookings reflected in the book-to-bill ratio of 1.5? - Management indicated that most bookings are coming from the CED segment due to its significant growth and customer demand [31] Question: Can you elaborate on the potential for cross-selling opportunities with Renesas? - Management confirmed that there is minimal product overlap, allowing for significant cross-selling opportunities between SiTime's oscillators and Renesas' clock products [42] Question: What is the expected duration of the backlog associated with the book-to-bill ratio? - Management noted that while customers are booking longer, the majority of orders are expected within 12 months, with a focus on Q1 and Q2 [56] Question: How do you expect the acquisition to impact gross margins? - Management stated that the acquisition is expected to enhance gross margins, potentially reaching the upper end of the long-term target of 60%-65% [60] Question: Are there any capacity constraints anticipated in the supply chain? - Management expressed confidence in the supply chain, noting that they have caught up with previous challenges and are well-positioned to meet demand [83]

Clearfield (NasdaqGM:CLFD) Q1 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsCheri Beranek - President and CEODan Herzog - CFOGregory McNiff - Managing Director of Investor RelationsConference Call ParticipantsMatt Cavanagh - Managing Director and Senior Equity Research AnalystTim Savageaux - Managing Director and Senior Research AnalystOperatorGood afternoon, everyone, and welcome to the Clearfield Fiscal First Quarter 2026 conference call. All participants will be in a listen-only mo ...

Regional Management (NYSE:RM) Q4 2025 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsGarrett Edson - Investor RelationsHarp Rana - EVP and CFOLakhbir Lamba - President and CEOConference Call ParticipantsAlexander Villalobos - AnalystKyle Joseph - AnalystVincent Caintic - Managing Director and Specialty Finance AnalystZach Oster - AnalystOperatorGreetings, and welcome to the Regional Management fourth quarter 2025 earnings call. At this time, all participants are in listen-only mode. A quest ...

PTC (NasdaqGS:PTC) Q1 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsJennifer DiRico - CFOMatt Shimao - Head of Investor RelationsNeil Barua - CEORobert Dahdah - Chief Revenue OfficerConference Call ParticipantsAdam Borg - AnalystBlair Abernethy - AnalystDaniel Jester - AnalystJason Celino - AnalystJay Vleeschhouwer - AnalystJoe Vruwink - AnalystJoshua Tilton - AnalystKen Wong - AnalystMatt Hedberg - AnalystNay Soe Naing - AnalystSiti Panigrahi - AnalystTyler Radke - AnalystYun Kim - A ...

Lucky Strike Entertainment (NYSE:BOWL) Q2 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsBobby Lavan - CFOLev Ekster - PresidentThomas Shannon - CEOConference Call ParticipantsEric Handler - AnalystEric Wold - AnalystGreg Miller - AnalystIan Zaffino - AnalystJason Tilchen - AnalystMatthew Boss - AnalystMichael Kupinski - AnalystSteven Wieczynski - AnalystNone - AnalystOperatorGood afternoon, ladies and gentlemen, and thank you for standing by. My name is Calvin, and I will be your conf ...

Digi International (NasdaqGS:DGII) Q1 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsJamie Loch - CFORon Konezny - President and CEOConference Call ParticipantsAnthony Stoss - Partner and Senior Equity Research AnalystJames Fish - Managing Director and Senior Equity Research AnalystJosh Nichols - Senior Research AnalystScott Searle - Managing Director and Senior Equity Research AnalystTommy Moll - Managing Director and Senior Equity Research AnalystOperatorGood day everyone, and welcom ...

Financial Data and Key Metrics Changes - NETGEAR achieved its first year of revenue growth since 2020, with full-year revenues of $699.6 million, up 3.8% year-over-year [26] - Non-GAAP gross margin reached an all-time high of 41.2% in Q4 2025, marking an 840 basis point increase compared to the prior year [27] - Non-GAAP operating profit for the full year was $5.9 million, resulting in a non-GAAP operating margin of 0.8%, the first return to profitability since 2021 [27] Business Line Data and Key Metrics Changes - The enterprise segment generated $89.4 million in revenue for Q4, up 10.6% year-over-year, while the consumer segment reported $93.1 million, down 8.4% year-over-year [22][24] - The enterprise gross margin was 51.4%, up 750 basis points year-over-year, driven by strong demand for Pro AV managed switches [30] - The consumer segment's gross margin improved to 31.4%, a 750 basis point increase year-over-year, aided by a better product mix [30] Market Data and Key Metrics Changes - The enterprise business saw double-digit growth year-over-year, with ASP and units growing in the Pro AV managed switch products [20] - The consumer business experienced a decline in sales to service providers by approximately 30% compared to the prior year, while core consumer business increased by 1.6% [26] - The company ended Q4 with 558,000 recurring subscribers, contributing to an 18% year-over-year growth in ARR, reaching over $40 million [25][79] Company Strategy and Development Direction - NETGEAR is focusing on transforming its business by investing in high-growth opportunities, particularly in the enterprise segment, while also enhancing software capabilities through acquisitions [8][9] - The company aims to increase its enterprise business to represent about 65% of overall revenue, which is expected to drive margin expansion [74] - A recent restructuring was implemented to empower business units and streamline execution, impacting approximately 5% of employees [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges due to memory shortages impacting the consumer business, but expressed confidence in mitigating these issues through various strategies [16][17] - The company remains optimistic about its long-term growth trajectory, despite potential headwinds in the second half of 2026 due to rising memory costs [35] - Management emphasized the importance of maintaining operational efficiency and agility in navigating supply chain challenges [19] Other Important Information - NETGEAR repurchased approximately $50 million in shares during 2025, reflecting its commitment to returning capital to shareholders [15][34] - The company is preparing for potential regulatory changes that could impact competition, particularly concerning foreign adversaries in the market [49][50] Q&A Session Summary Question: Can you elaborate on the potential impact of memory prices on the business? - Management indicated that mitigation efforts are in place, including cost-sharing and adjusting procurement strategies, but the impact remains unpredictable [40][42] Question: What is the competitive pricing environment in the consumer market? - Management noted that while enterprise pricing is increasing, the consumer side is more complex, with some competitors not raising prices [46][48] Question: How is the channel inventory health and the rollout of Wi-Fi 7? - Management confirmed that retail partners are tightening inventory levels, aligning with expectations for the new Wi-Fi 7 rollout [62] Question: What is the outlook for operating leverage and margin expansion? - Management stated that investments in the enterprise side are expected to yield long-term benefits, with a focus on maintaining operational discipline [71][74]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $1.72 billion, representing a 10% year-over-year increase [33] - Advertising revenue reached $1.48 billion, up 5% year-over-year, primarily driven by growth in direct response (DR) advertising [33] - Other revenue increased by 62% year-over-year to $232 million, with subscribers growing 71% year-over-year to 24 million [33] - Adjusted gross margin reached 59% in Q4, up from 55% in Q3 and 57% in Q4 of the prior year [35] - Positive net income of $45 million was achieved in Q4, up from $9 million in the prior year [37] Business Line Data and Key Metrics Changes - The advertising business is focusing on three core initiatives: fostering direct connections between brands and users, enhancing ad performance through AI, and expanding the advertiser base [8][23] - The subscription business, particularly memory storage plans, has been a significant driver of subscriber growth and retention [61] - Global impression volume increased approximately 14% year-over-year, with total eCPMs declining about 8% year-over-year [34] Market Data and Key Metrics Changes - Monthly active users reached 946 million, with a focus on growing in monetizable markets [6][18] - Global daily active users declined by 3 million quarter-over-quarter to 474 million, reflecting reduced community growth marketing investments [19] - Monthly active Snap Map users reached 435 million, up 6% year-over-year, creating opportunities for monetization through ad placements [17] Company Strategy and Development Direction - The company aims to balance community growth with top-line growth to pivot towards more profitable growth [7] - Plans to launch Specs in 2026 are central to the company's long-term vision for augmented reality and spatial computing [21][20] - The focus on AI-driven advertising solutions is expected to enhance advertiser performance and reduce friction in campaign management [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving meaningful net income profitability over the medium term while continuing to invest in augmented reality [11][43] - The regulatory environment poses near-term risks, particularly regarding age verification policies, but management believes the impact on revenue will be minimal [67] - The macro operating environment has remained stable, which is reflected in the Q1 guidance [56] Other Important Information - The company has authorized a new share repurchase program of $500 million to manage share count for long-term shareholders [38] - Adjusted operating expenses for Q4 were $660 million, growing at a slower rate than revenue due to reduced community growth marketing spending [36] Q&A Session Summary Question: Insights on Snap Specs and its integration into the broader strategy - Management highlighted the excitement around Specs and its potential applications, emphasizing the importance of developer engagement and diverse use cases [46][48] Question: Q1 guidance and advertising trends - Management noted strong growth in active advertisers, particularly in the medium customer segment, and plans to build on this momentum in 2026 [54][55] Question: Subscription growth drivers - The growth in subscriptions was attributed to new features like memory storage plans, which have improved retention rates [61] Question: Regulatory risks and their impact on user engagement - Management acknowledged the potential impact of regulatory changes but emphasized that Snapchat's unique value proposition mitigates significant revenue concerns [67] Question: Infrastructure spending decisions - Management clarified that while infrastructure spending has moderated, investments in AI and machine learning will continue to support ad platform enhancements [84]