迈威尔科技未来关键事件：业绩指引、收购整合与长期增长路径

Company Performance Goals - Management expects data center revenue to grow over 25% year-on-year in the next fiscal year (FY2027), exceeding market expectations [2] - The company aims for organic total revenue to reach around $10 billion in the next fiscal year, with custom ASIC business projected to grow approximately 20% [2] Company Project Advancements - The company announced the acquisition of AI startup Celestial AI for approximately $3.25 billion to enhance competitiveness in AI data center optical interconnects, with expected revenue contribution starting in the second half of FY2028 and a target of $1 billion annualized revenue by FY2029 [3] - Additionally, the company acquired XCONN technology for $540 million to strengthen its connectivity technology layout, with integration progress and synergies being key observation points [3] Performance Operating Conditions - For Q4 FY2026, the company projects revenue of $2.2 billion (with a 5% fluctuation range), and market attention will be on whether actual performance meets or exceeds this expectation [4] - The company anticipates achieving quarter-on-quarter growth starting from FY2027, with stronger growth expected in the second half of the year [4] Future Development - Management forecasts a compound annual growth rate (CAGR) of nearly 50% for the data center business in FY2028, with new drivers like Celestial AI expected to contribute significantly from FY2028 [5] - The ability to achieve this long-term high growth target will depend on the competitive landscape of the AI chip market and progress in securing large customer orders, such as those from Amazon for Trainium chips [5]