Key Takeaways COHR delivered a 249-bps gross margin and a 1,081-bps operating margin expansion in Q1 FY26.COHR's revenues rose 17.3% YoY, driven by product demand and adoption of its 1.6T transceiver.COHR is ramping up 6-inch InP production and sees a $2B optical circuit switch market.Coherent Corp. (COHR) registered a 249-basis-point (bps) year-over-year growth in gross margin during the first quarter of fiscal 2026, with operating margin witnessing a whopping 1,081 bps expansion. This lofty improvement hi ...

+1(212)902-8618 | michael.ng@gs.com Goldman Sachs & Co. LLC Katherine Murphy +1(212)902-1151 | katherine.a.campagna@gs.com Goldman Sachs & Co. LLC 8 January 2026 | 7:00PM EST Equity Research Americas Technology: Hardware: CES 2026 investor meetings (DELL/HPQ/PENG) key takeaways We attended CES 2026 in Las Vegas and hosted investor meetings on January 7-8 with DELL, HPQ, and PENG. Key takeaways include: (1) While industry PC demand may be challenged from higher pricing, DELL expects it will be able to delive ...

Read across: Management's positive tone on GaN applications echoes our positive view on rising compound semis industry, with improving costs and hence becoming more competitive to silicon-based devices, and better performance (e.g., smaller in size, stronger in energy efficiency). AI data centers are one of the key drivers to compound semis, echoing our positive view on rising AI infrastructure cycle with rising power consumption, driving supply chain to enjoy specification upgrades. Buy: SICC (global leade ...

Financial Data and Key Metrics Changes - Revenues for the fiscal second quarter of 2026 were $126.6 million, up 250% from $36.2 million in the prior year [12] - Adjusted EBITDA for the quarter totaled $20.2 million [15] - Net loss was $31.2 million, or $0.11 per share, while adjusted net income was positive $100,000 or $0 per share [15] Business Line Data and Key Metrics Changes - The data center hosting segment generated $41.6 million of revenue, up 15% compared to the prior year, driven by increased capacity online [13] - Turnkey fit-out services associated with the HPC hosting business contributed $73 million to revenue [12] Market Data and Key Metrics Changes - The company has secured two hyperscale leases in North Dakota, representing 600 megawatts of lease capacity and approximately $16 billion in prospective lease revenue [6][10] - Inbound demand for data center capacity has increased significantly due to competition among hyperscalers [6] Company Strategy and Development Direction - The company aims to surpass its long-term goal of $1 billion in NOI within five years, leveraging low-cost energy and a supportive regulatory environment in the Dakotas [17] - A non-binding letter of intent has been entered to combine Applied Digital Cloud with Exo to form Chronoscale, allowing each business to scale independently [20] Management's Comments on Operating Environment and Future Outlook - Management noted that the contracting environment has become more favorable over the past six months, with stable to slightly better pricing [31] - The company is in advanced discussions for three additional sites representing 900 megawatts, indicating a robust pipeline [48] Other Important Information - The company completed a $2.35 billion private offering of senior secured notes to finance the first two buildings at Polaris Forge One [12] - The company ended the quarter with $2.3 billion in cash and cash equivalents, positioning it well for future investments [15] Q&A Session Summary Question: Growth appetite in the cloud business and future GPU purchases - Management highlighted the advantage of having access to large-scale data center facilities for Chronoscale, which will help attract customers [22][23] Question: Landscape for leases and pricing changes - Management indicated that pricing has been stable to slightly better, with more favorable terms in contracts [30][31] Question: Expansion opportunities at PF1 and PF2 - Management confirmed that each campus has the potential to reach at least a gigawatt, with a clear path to grow capacity significantly [72][75]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Marvell Technology has agreed the acquisition of XConn Technologies for approximately $540m, with the transaction comprising approximately 60% cash and 40% stock. The acquisition is set to strengthen Marvell’s portfolio in PCIe and CXL switching products, with the integration of XConn’s technology and engineering team expected to support the company’s data centre connectivity strategy, particularly in AI infrastructure. Marvell will issue roughly 2.5 million common shares as part of the stock component, ...

SAN FRANCISCO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Hyperscaler development company Fermi Inc. (NASDAQ: FRMI) is facing a proposed securities class action stemming from its highly anticipated initial public offering completed just weeks before stunning the investment community with its December announcement that the prospective anchor tenant (“First Tenant”) for the company’s Project Matador (the company’s Advanced Energy and Intelligence Campus at Texas Tech University) terminated an agreement that would have ...

Marvell Technology said on Tuesday it will buy networking equipment provider XConn Technologies in a deal worth about $540 million, as the chipmaker doubles down on data center hardware amid a race to... ...

Today at the Consumer Electronics show, Nvidia CEO Jensen Huang officially launched the company’s new Rubin computing architecture, which he described as the state of the art in AI hardware. The new architecture is currently in production and is expected to ramp up further in the second half of the year.“Vera Rubin is designed to address this fundamental challenge that we have: The amount of computation necessary for AI is skyrocketing.” Huang told the audience. “Today, I can tell you that Vera Rubin is in ...

The Consumer Electronics Show in Las Vegas brings heightened focus to semiconductor leaders as Nvidia (NVDA) CEO Jensen Huang and AMD (AMD) CEO Lisa Su deliver keynote speeches that could determine AI infrastructure sector sentiment heading into 2026. Huang's presentation will be scrutinized for announcements about next-generation AI accelerators beyond the Blackwell architecture, data center roadmaps, and any commentary about customer demand sustainability following recent concerns about return on AI capit ...