AMD's Robotics Solutions - AMD provides embedded computing portfolio including X86 embedded processors and adaptive compute solutions for real-time control and AI [1] - AMD's Ryzen Embedded processors deliver performance per watt for factories and autonomous industrial robots [1] - AMD's adaptive computing products, such as Zynq and Versal, enable vision AI, motor control, real-time networking, and sensor fusion [2] - AMD supports open-source software, facilitating ROS 2-based systems using Kria SOM platforms and the Kria robotics stack [3] AI in Robotics - AI-powered digital twins can enhance efficiency, dexterity, and autonomy in factories, predicting system failures [4] - Physical AI promises to transform robotics in areas like industrial process optimization, healthcare, and humanoid personal assistance [4] - Embodied AI allows robots to learn through physical interactions, improving safety and efficiency [5] - Real-time sensor processing from AMD can accelerate ROS functions, enabling robots to adapt to new tasks [5]

Core Insights - Ceva, Inc. has been awarded the 2025 IoT Edge Computing Excellence Award for its NeuPro-Nano low power Neural Processor Unit (NPU), highlighting its significance in the edge AI sector [1][4][5] - The NeuPro-Nano is recognized for enabling advanced IoT deployments by providing real-time computing, data availability, analytics, AI, and machine learning capabilities directly at the edge [2][3] Company Overview - Ceva, Inc. is a leading licensor of silicon and software IP for the Smart Edge, focusing on wireless communications, sensing, and Edge AI technologies [7][8] - The NeuPro-Nano family of NPUs is designed for ultra-low power edge AI inference, making it suitable for applications where latency, privacy, and reliability are critical [3][4] - The company has a broad portfolio of IP solutions that support various connectivity standards, including Bluetooth, Wi-Fi, UWB, 5G, and cellular IoT, empowering OEMs to create smart edge products [3][7] Industry Recognition - The IoT Edge Computing Excellence Award reflects the innovative contributions of Ceva to the rapidly evolving Internet of Things marketplace, emphasizing the importance of edge solutions in driving industry growth [2][4] - The award serves as validation of Ceva's vision for physical AI at the edge, which aims to enhance real-time perception and decision-making capabilities in everyday products [4][5]

Core Insights - Ambarella focuses on "edge AI" technology, designing system-on-a-chip (SoC) semiconductors for localized device performance, which has led to a recent surge in its stock price [1]. Company Performance - Ambarella has achieved a significant milestone by earning membership in the 95-plus composite rating club, indicating strong performance metrics [4]. - The company's stock has soared following a strong Q2 earnings report, driven by growth in the edge AI sector [4]. Market Context - The broader market has seen fluctuations, with notable sell-offs in major stocks like Nvidia, Robinhood, and Tesla, contributing to a nearly 400-point drop in the Dow Jones index [2].

Core Insights - Lantronix Inc. is a global leader in Edge AI and Industrial IoT solutions, focusing on intelligent computing, secure connectivity, and remote management for mission-critical applications [1] - The company serves high-growth markets such as smart cities, enterprise IT, and commercial and defense unmanned systems, enabling customers to optimize operations and accelerate digital transformation [1] - Lantronix's comprehensive portfolio includes hardware, software, and services that support applications like secure video surveillance and resilient out-of-band network management [1] Upcoming Investor Conferences - CEO Saleel Awsare will participate in the 16th Annual Craig-Hallum Alpha Select Conference on November 18 in New York City, with one-on-one meetings available [2] - The 14th Annual ROTH Technology Conference will take place on November 19 in New York City, also featuring one-on-one meetings with CEO Saleel Awsare and CFO Brent Stringham [2] - The 14th Annual Headgate Partners NYC Summit is scheduled for December 16 in New York City, offering small group and one-on-one meetings with CEO Saleel Awsare [2]

Core Insights - Arteris, Inc. has announced that Blaize has adopted its FlexNoC 5 interconnect IP to enhance the performance and scalability of the Blaize AI Platform, which is designed for hybrid AI deployment models across edge and cloud infrastructure [1][3] - The integration of Arteris' technology allows Blaize to optimize performance and efficiency, enabling scalable, real-time inference across hybrid edge infrastructure [3] Company Overview - Arteris is a global leader in system IP for semiconductors, focusing on high-performance and power-efficient silicon creation, with its NoC interconnect IP and SoC integration automation software utilized by top semiconductor companies [4] - Blaize offers a full-stack programmable processor architecture and low-code/no-code software platform for AI processing solutions, emphasizing real-time insights and decision-making capabilities with low power consumption and high efficiency [5] Technology Impact - The FlexNoC 5 interconnect IP from Arteris is designed to optimize on-chip communication, enhancing performance, power efficiency, and area optimization for AI applications [3] - Blaize aims to overcome existing trade-offs in edge systems regarding inference performance, power, and cost efficiency by leveraging Arteris' technology [2]

Financial Data and Key Metrics Changes - Total net revenue for Q3 2025 was $3.2 million, up from $2.2 million in the prior quarter and down from $3.8 million in Q3 2024 [19] - GAAP gross margin increased to 56.2% in Q3 2025 from 48.3% in the prior quarter and 47% in the same quarter a year ago [21] - Non-GAAP gross margin for Q3 2025 was also 56.2%, compared to 48.3% in the prior quarter and 61.7% in Q3 2024 [22] - GAAP operating expenses for Q3 2025 were $3 million, down from $4.5 million in Q3 2024 [22] - Non-GAAP net loss for Q3 2025 was $1.7 million or a loss of $0.28 per share, compared to a loss of $2.7 million or $0.98 per share in the prior quarter [23] Business Line Data and Key Metrics Changes - Revenue from millimeter wave products was $3 million in Q3 2025, compared to $2.2 million in the prior quarter and $0.1 million in Q3 2024 [20] - The increase in revenue was primarily driven by a favorable revenue mix of millimeter wave products and solutions [21] Market Data and Key Metrics Changes - The company noted a steady recovery in market demand and customer orders for its 60 GHz wireless solutions, particularly in the fixed wireless access market [6][7] - The company highlighted significant wins in fixed wireless access, including partnerships with Tachyon Networks and WeLink Communications [9][10] Company Strategy and Development Direction - The company is focusing on expanding its millimeter wave solutions into new markets, including tactical communications for military applications [11][12] - The management emphasized the versatility of its technology, which can support high-bandwidth video for edge AI applications [14][15] - The company is committed to disciplined expense management while driving growth in its millimeter wave product lines [19] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of the renewed momentum in the fixed wireless access market [7] - The company expects total net revenue for Q4 2025 to be in the range of $2.8 million to $3.1 million based on current backlog [25] Other Important Information - The company had approximately $1.9 million in cash as of September 30, 2025, compared to $1.8 million as of June 30, 2025 [24] - The strategic review process is ongoing, with no new updates provided during the call [24] Q&A Session Summary Question: Can you provide more details on the new OEM announced? - The new OEM is a significant player in the space, and the company is optimistic about the opportunity, although specifics cannot be disclosed due to confidentiality [26][27] Question: What is the expected timeline for customer production schedules? - The typical engagement to mass production timeline is 9-12 months for fixed wireless, while new markets like military may take 12-15 months [29] Question: How should the market view the increase in inventory and accounts receivable? - The increase in accounts receivable was due to timing of sales, and inventory was built to meet anticipated demand for Q1 and Q2 [30][31] Question: What is the outlook for gross margin going forward? - The company aims to maintain gross margins around 50%, with some fluctuations based on product mix and inventory sales [32][33] Question: How long does it typically take for pre-production customers to contribute to revenue? - Once a customer reaches pre-production, it typically takes about three months before they start contributing meaningfully to revenue [34]

Third Quarter 2025 Earnings Conference Call Copyright © 2025 Peraso Inc. Disclaimer This presentation is for information purposes only. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, we makes no representation or warrant with respect to the accuracy of such information. Trademarks and trade names referred to in this presentation are the property of their respective owners. We do not ...

Financial Data and Key Metrics Changes - Revenue for fiscal Q1 2026 was $292.5 million, reflecting a 14% year-over-year increase, driven by strong performance in core IoT products [15][16] - Non-GAAP earnings per share increased by 35% year-over-year to $1.09 [5][16] - Non-GAAP gross margin for Q1 was 53.2%, consistent with guidance [16] Business Line Data and Key Metrics Changes - Core IoT portfolio revenue grew by 74% year-over-year, contributing significantly to overall revenue growth [5][15] - Enterprise and automotive product revenues remained flat year-over-year, with strength in the enterprise segment offset by softness in automotive [15][16] - Mobile touch product revenues were lower than expected due to supply chain constraints [16] Market Data and Key Metrics Changes - The revenue mix for Q1 was 35% from core IoT, 51% from enterprise and automotive, and 14% from mobile touch products [15] - The company is seeing increasing customer commitments in various markets, including home security systems and AI-enabled wearables [11][12] Company Strategy and Development Direction - The company is focusing on capturing opportunities in edge AI, with the launch of the next-generation Synaptics Astra edge AI processors [6][10] - The Astra processors are designed to enable a wide range of applications, including industrial systems and consumer devices, emphasizing a scalable architecture [8][10] - The company aims to integrate processing, wireless connectivity, and mixed-signal capabilities to provide comprehensive solutions [6][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the AI-inference compute opportunity, with a healthy pipeline of customer engagements [10][14] - The company anticipates initial revenue contributions from the Astra SL2600 devices to begin in the second half of calendar year 2026 [9][10] - Management highlighted the importance of maintaining a disciplined execution strategy to drive long-term growth [14][74] Other Important Information - The company ended Q1 with approximately $459.9 million in cash and short-term investments, reflecting a $7.4 million increase from the previous quarter [16] - Capital expenditures for Q1 were $12.2 million, primarily for R&D efforts [17] Q&A Session Summary Question: Metrics to track Astra platform success - Management indicated that design wins for the Astra platform are ahead of expectations and will provide updates on the pipeline in the future [22][24] Question: Intersegment volatility and guidance implications - Management noted supply constraints in mobile touch products and strong growth in core IoT, maintaining confidence in guidance for Q2 [26][30] Question: Strength in specific end markets - Management highlighted the potential for significant growth in AI applications at the edge, particularly in consumer and industrial markets [34][36] Question: Growth expectations in enterprise, PC, and automotive - Management expects sequential growth in enterprise and automotive segments, driven by recovery in enterprise and ongoing design wins [37][70] Question: Opportunities in mobile market - Management acknowledged the potential for mobile OEMs to build their own app processors, presenting opportunities for Synaptics in wireless connectivity [40][41] Question: Update on high-volume shipments for MCU and combo chip products - Management confirmed that the SL2600 series will enter production in the second half of calendar 2026, with revenue expected to ramp up thereafter [43][44] Question: Expansion into industrial markets - Management is actively engaging with customers in industrial applications, although consumer markets are expected to ramp up faster [52][55] Question: Core technologies needed for edge AI portfolio - Management emphasized a strategy focused on open-source solutions and partnerships, while remaining open to acquisitions to enhance capabilities [61][65] Question: Signs of improvement in enterprise and automotive business - Management noted improving channel inventories and market share gains in the enterprise segment, with expectations for continued growth [68][70]

Financial Data and Key Metrics Changes - Revenue for fiscal Q1 was $292.5 million, up 14% year over year, driven by strength in core IoT products [18] - Non-GAAP earnings per share increased by 35% year over year to $1.09 [7][20] - Non-GAAP gross margin was 53.2%, in line with guidance [19] - Non-GAAP operating margin improved to 17.6%, up approximately 110 basis points sequentially [20] Business Line Data and Key Metrics Changes - Core IoT product revenues grew by 74% year over year, primarily due to increased demand for processors and wireless connectivity [6][19] - Enterprise and automotive product revenues were flat year over year, with strength in the enterprise portfolio offset by softness in automotive [19] - Mobile touch product revenues were lower than expected due to supply chain constraints [19] Market Data and Key Metrics Changes - The revenue mix for Q1 was 35% from Core IoT, 51% from Enterprise and Automotive, and 14% from Mobile Touch products [18] - The company is seeing increasing customer commitments in home security systems, Matter-enabled IoT hubs, and AI-enabled wearables [12] Company Strategy and Development Direction - The company is focusing on capturing opportunities in Edge AI, with the successful launch of the next-generation Tenaptics Astra Edge AI processors [7][8] - Astra processors are designed to enable a wide range of applications, including multimodal human-machine interfaces and AI inference [9][10] - The company is committed to an integrated approach to high-performance solutions, combining processing, wireless connectivity, and mixed-signal capabilities [8][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to strengthen leadership in the Edge AI market, with a healthy pipeline of customer engagements [11] - The company expects initial revenue contributions from Astra products to start in the second half of calendar year 2026 [11] - Management anticipates continued growth in the core IoT segment, projecting 25% to 30% growth for fiscal year 2026 [33] Other Important Information - The company ended Q1 with approximately $459.9 million in cash and cash equivalents, up $7.4 million from the prior quarter [20] - Capital expenditures for Q1 were $12.2 million, driven by lab build-outs to support R&D efforts [21] Q&A Session Summary Question: Metrics to track the success of the Astra platform - Management indicated that design wins have been secured ahead of schedule and will provide updates on the pipeline and awarded designs in the coming quarters [25][26][29] Question: Intersegment volatility and guidance implications - Management noted supply constraints in mobile touch products and strong growth in core IoT, maintaining confidence in guidance for the second quarter [31][32] Question: Strength in end markets and future growth - Management highlighted strong interest in AI applications at the edge and expects significant growth in markets such as robotics and home automation [38] Question: Opportunities in mobile and potential for more OEMs - Management acknowledged the opportunity presented by mobile OEMs building their own application processors, which could enhance demand for Synaptics' wireless connectivity products [43] Question: Status on high volume shipments for MCU and combo chip products - Management confirmed that the SL2600 series is in the sampling stage and expected to go into production in the second half of calendar 2026 [47][48] Question: Growth drivers in enterprise and automotive segments - Management noted strength in the enterprise segment and anticipated a rebound in automotive, driven by upgrade cycles and market share gains [75]

Financial Performance - Q1 2026 revenue reached $292.5 million, a 14% year-over-year increase[5] - Core IoT revenue experienced substantial growth, increasing by 74% year-over-year[5,6] - Non-GAAP EPS grew by 35% year-over-year, reaching $1.09[5,18] - Non-GAAP gross margin was 53.2%[6,16] - Cash flow from operations amounted to $30 million[16] Revenue Breakdown - Q1 2026 revenue distribution: Mobile contributed $41 million, Core IoT $104 million, and Enterprise & Auto $148 million[15] - Core IoT revenue accounted for 35% of the total revenue in Q1 2026[23] Q2 2026 Guidance (Non-GAAP) - Revenue is projected to be $300 million, with a variance of ± $10 million[31] - Gross margin is expected to be 53.5%, with a variance of ± 1.0%[31] - Operating expenses are estimated at $106 million, with a variance of ± $2 million[31] - EPS is forecasted to be $1.15, with a variance of ± $0.15[31] - Revenue mix forecast: Core IoT 31%, Enterprise & Auto 53%, and Mobile 16%[31]