Dafinchi AI

ADI

Technology

ADI's industrial business has shown a consistent recovery, with growth accelerating across all subsectors including aerospace, defense, and healthcare.
Channel inventories remain lean, with end demand still below consumption by double digits, indicating ongoing inventory digestion.
Management expects Q4 industrial growth to be in the low to mid-teens quarter-over-quarter, despite typical seasonal declines.
The company has observed some catch-up in demand in Q4, supported by increased activity in aerospace, defense, and automation sectors.
Supply constraints in aerospace and defense are primarily due to capacity limitations and tooling delays, not demand shortages.
CapEx investments are being deployed to expand manufacturing capacity, especially in proprietary aerospace and defense products, to meet surging demand.

AMAT

Technology

Applied Global Services revenue was $1.6 billion, up 1% year-over-year with 10% growth in core services.
Cash and cash equivalents ended at $5.4 billion; generated $2.6 billion cash from operations; free cash flow approx. $2 billion.
Display segment revenue was $263 million, marking the second consecutive quarter of growth.
Non-GAAP earnings per share reached a record $2.48, up 17% year-over-year due to revenue growth and share repurchases.
Non-GAAP gross margin was 48.9%, up 150 basis points year-over-year, driven by product mix and pricing.
Non-GAAP operating expenses were $1.3 billion, slightly down as a percentage of revenue due to G&A optimization.
Q3 net revenue was approximately $7.3 billion, up 8% year-over-year and $100 million above guidance midpoint.
Semiconductor Systems revenue was $5.43 billion, up 10% year-over-year with growth in foundry/logic and DRAM.

CRM

Technology

AI and Data Cloud product line grew 120% year over year, reaching $1.2 billion in Q2 ARR.
Current Remaining Performance Obligation (CRPO) ended at $29.4 billion, up 11% year over year.
GAAP operating margin improved by 370 basis points year over year.
Non-GAAP operating margin was strong at 34.3%, marking the tenth consecutive quarter of margin expansion.
Q2 revenue reached $10.25 billion, up 10% year over year and 9% in constant currency.
Returned $2.6 billion to shareholders in Q2 through buybacks and dividends, totaling nearly $27 billion since program inception.
Subscription and support revenue grew slightly above 9% in constant currency.

Technology

Annual recurring revenue (ARR) surpassed $3 billion, growing approximately 22% year over year.
Ended fiscal 2025 with $3.6 billion in cash, cash equivalents, and short-term investments, including $1.7 billion net proceeds from convertible notes.
Fiscal 2025 total revenue reached $2.7 billion, representing 23% year-over-year growth and surpassing guidance.
Free cash flow margin for Q4 was 24%, with data center CapEx at 8% of revenue; fiscal 2025 free cash flow margin was 27%.
Gross margin for Q4 was 79.3%, slightly below the historical target of 80% due to a one-time private cloud deployment.
Operating expenses increased 3% sequentially and 16% year over year, totaling $411 million in Q4.
Operating margin in Q4 was 22.1%, a quarterly record and approximately 60 basis points higher year over year.
Q4 revenue was $719 million, growing 21% year over year and 6% sequentially, exceeding the high end of guidance.

LITE

Technology

Cloud & Networking segment revenue grew 16% sequentially and 67% year-over-year to $424.1 million.
Fiscal 2025 non-GAAP gross margin was 34.7%, up 450 basis points from prior year.
Full fiscal year 2025 revenue was $1.65 billion, up 21% year-over-year.
GAAP gross margin for Q4 was 33.3%, non-GAAP gross margin was 37.8%, up 260 basis points sequentially.
Industrial Tech segment revenue declined 6% sequentially but increased 6% year-over-year.
Non-GAAP EPS for Q4 was $0.88, above expectations.
Non-GAAP operating margin improved to 15%, up 420 basis points sequentially.
Q4 revenue was $480.7 million, exceeding the high end of revised guidance.

ATEX

Technology

The company confirmed that its strategic alternatives process is active but currently passive, given the high upside potential.
Management highlighted that ecosystem partners and device manufacturers are responding with innovations, adding value beyond spectrum.
Discussions with potential partners and investors focus on unlocking the full ecosystem value, which could be 4-5 times the company's current valuation.
The foundation laid by spectrum and network deployment is attracting ecosystem players, creating a robust future growth environment.
Management sees significant strategic value in ecosystem development, which enhances long-term asset worth and market positioning.

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