Core Insights - The company achieved record full-year revenue of approximately $2.7 billion and record adjusted EPS of $7.54, driven by robust order momentum and the accelerating adoption of integrated solutions [1] - A transition to a unified functional operating model will take effect on January 1, 2026, aimed at eliminating legacy business silos and better aligning resources with the ongoing IT/OT convergence trend [1] Revenue and Growth - Solutions wins accounted for 15% of total revenue in 2025, marking a significant milestone in the shift from a component supplier to a comprehensive strategic partner [1] - Automation Solutions led organic growth at 11%, benefiting from strong demand in discrete manufacturing and energy verticals despite macroeconomic uncertainty [1] Cost Management and Strategic Focus - The company successfully managed copper inflation and tariffs through proactive pricing actions, which protected absolute dollar margins while causing some percentage-based margin dilution [1] - A strategic focus on 'physical AI' is driving new engagement in warehousing and smart manufacturing, where customers require low-latency, deterministic data orchestration [1] Market Expansion - The addressable market within Smart Buildings has been expanded by pivoting from commercial real estate toward high-demand verticals such as healthcare, hospitality, and data centers [1]

Financial Data and Key Metrics Changes - In Q4 2025, total revenue reached $20.1 million, a 30% year-over-year increase and 16% sequential growth, exceeding guidance [20] - For the full year 2025, total revenue was $70.6 million, representing a 22% increase year-over-year [20] - Annual contract value plus royalties hit a record $83.6 million, up 28% year-over-year [21] - Remaining performance obligations (RPO) totaled $117 million, a 32% year-over-year increase, with approximately half expected to be recognized as revenue in 2026 [21] - Non-GAAP gross profit for Q4 was $18.5 million, with a gross margin of 92% [22] - Non-GAAP operating loss for Q4 was $2.2 million, while the full year loss was $12.5 million, an improvement over the previous year [25] Business Line Data and Key Metrics Changes - The company reported a significant increase in variable royalties, which were 50% higher year-over-year, with Q4 setting a new record [20] - The number of large royalty reporters tripled over the last two years, contributing to a balanced mix of customers across vertical markets [20] - FlexGen, an AI-driven smart NoC IP product, saw strong adoption with over 30 production device deployments [11] - Ncore, a cache coherent interconnect IP product, also experienced strength in licensing across various applications [12] Market Data and Key Metrics Changes - The company noted expanding demand for AI-driven semiconductor designs across various markets, including enterprise computing, automotive, and consumer electronics [6] - The number of chiplet projects incorporating Arteris technology has more than tripled over the past two years, indicating strong market growth [15] - The automotive segment remains the largest vertical market, with emerging strength in consumer and aerospace sectors [39] Company Strategy and Development Direction - The acquisition of Cycuity enhances the company's product portfolio by adding cybersecurity assurance products, addressing market concerns about increasing cyberattacks [8][9] - The company aims to leverage its technology to improve hardware security and vulnerability testing across all SoCs, expanding its customer base [10] - Arteris is focusing on supporting semiconductor applications in the AI era, with a strong position in various sectors including autonomous vehicles and industrial automation [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, expecting to report a non-GAAP operating profit as early as Q4 2026 [28] - The company anticipates continued strong demand for its products driven by the rise of AI and the need for efficient data movement in semiconductors [6] - Management highlighted the importance of addressing cybersecurity in semiconductor designs, which is becoming a critical issue in the industry [30] Other Important Information - The company ended the year with $59.5 million in cash and no financial debt, with positive free cash flow of $3 million for Q4 [26] - The guidance for Q1 2026 includes expected ACV plus royalties of $85 million-$89 million and revenue of $20.5 million-$21.5 million [27] Q&A Session Summary Question: Cross-sell opportunities and customer segments - Management indicated that hardware security assurance is a growing issue, and the acquisition opens significant opportunities to enhance system IP value across various semiconductor companies [30][31] Question: NXP announcement and customer interest - Management confirmed that NXP is now using four solutions, indicating increased interest in deploying a full suite of solutions, which could drive average selling prices above $1 million [36] Question: Strength in royalties and market segments - Management noted that the growth in royalties is attributed to both customer diversification and an increase in large royalty reporters across various segments, including automotive and consumer markets [38][39] Question: Impact of security on P&L - Management clarified that approximately $7 million of the projected revenue for 2026 is expected from the Cycuity acquisition, with a slight contribution to operating loss anticipated [47] Question: Equity raising efforts post-acquisition - Management stated that they are in the process of activating an ATM for equity raising, with expectations for small amounts to be raised in the first quarter [49]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported record revenue of $720 million, exceeding guidance, with adjusted EPS at a record $2.08, also surpassing expectations [4][5] - Full year 2025 revenue reached approximately $2.7 billion, a 10% increase year-over-year, with adjusted EPS of $7.54, reflecting a 19% increase [5][14] - Free cash flow for the year was $219 million, with 1.7 million shares repurchased for $195 million, reducing share count by over 11% since 2021 [5][21] Business Line Data and Key Metrics Changes - Automation Solutions revenue grew 14% year-over-year, with EBITDA increasing 16% and margins improving by 50 basis points to 21% [17][18] - Smart Infrastructure Solutions revenue increased by 7% year-over-year, with EBITDA rising 6%, although margins decreased by 10 basis points to 12.1% due to tariff impacts [18] Market Data and Key Metrics Changes - Orders for Q4 were up 12% year-over-year and 5% sequentially, indicating strong demand across the business [5][13] - The solutions wins as a percentage of total revenue crossed 15% for the year, marking a significant increase from the previous year [7][24] Company Strategy and Development Direction - The company is transitioning to a unified functional operating model effective January 1, 2026, to enhance customer focus and streamline operations [8][9] - The strategic realignment aims to maximize long-term growth and improve the delivery of integrated solutions [9][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term trajectory, citing strong demand in automation, particularly in energy and discrete manufacturing [29][45] - The company anticipates stabilization and rebound in broadband due to new fiber products and increased MSO capital deployments [19][38] Other Important Information - The company completed a successful debt refinancing, extending its overall debt maturity profile [22] - The balance sheet remains strong, with cash and cash equivalents at $390 million, and financial leverage at 1.9x net debt to EBITDA [20] Q&A Session Summary Question: Demand trends and outlook for 2026 - Management noted a 26% growth in the total solutions pipeline at the end of 2025, with strong demand in automation and hospitality sectors [29][30] Question: Supply chain concerns regarding metals and semiconductors - Management indicated confidence in managing supply chain risks and emphasized a shift towards regional manufacturing to mitigate risks [31][32] Question: Insights on broadband and overall business performance - Management highlighted a temporary slowdown in architectural upgrades but expects recovery and growth in fiber connectivity [37][38] Question: Organizational realignment impact on costs - The focus of the realignment is on enhancing customer-centricity rather than immediate cost reductions, although efficiencies are expected [49][50] Question: Impact of inflation on project spending - Management does not foresee significant impacts on demand due to inflation, noting that inflation may actually drive more customers towards automation [53][54] Question: Update on data center opportunities - Management reported positive developments in data center engagements, with significant demand and ongoing negotiations for expanded relationships [75][76]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported record revenue of $720 million, exceeding guidance, with adjusted EPS at a record $2.08, also surpassing expectations [4][14] - Full year 2025 revenue reached approximately $2.7 billion, a 10% increase year-over-year, with adjusted EPS of $7.54, up 19% year-over-year [5][16] - Free cash flow for the year was $219 million, with 1.7 million shares repurchased for $195 million, reducing share count by over 11% since 2021 [5][21] Business Line Data and Key Metrics Changes - Automation Solutions revenue grew 14% year-over-year, with EBITDA increasing 16%, while Smart Infrastructure Solutions revenue improved by 7% [17][18] - Solutions wins as a percentage of total revenue crossed 15% for the year, indicating a significant increase from the previous year [7][24] Market Data and Key Metrics Changes - Demand trends showed strong growth in automation sectors, particularly in energy and discrete manufacturing, with double-digit growth in these areas [29][45] - The broadband market experienced a temporary slowdown but is expected to stabilize and rebound in 2026 due to new fiber product adoption [19][38] Company Strategy and Development Direction - The company is transitioning to a unified functional operating model effective January 1, 2026, to enhance customer focus and streamline operations [8][9] - The strategic realignment aims to maximize long-term growth and improve the delivery of integrated solutions [9][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term trajectory, citing ongoing trends in digitization and IT/OT convergence as key growth drivers [25][24] - The company anticipates continued strong demand in automation and smart buildings, with a focus on integrated solutions [45][48] Other Important Information - The company completed a successful debt refinancing, extending its debt maturity profile and maintaining a fixed average interest rate of approximately 3.9% [22][20] - The organizational realignment is not primarily aimed at cost reduction but rather at enhancing customer-centricity and functional strength [49][50] Q&A Session Summary Question: Demand trends and outlook for 2026 - Management noted a 26% growth in the total solutions pipeline at the end of 2025, with strong demand in automation sectors and hospitality [29][30] Question: Supply chain concerns regarding metals and semiconductors - Management indicated confidence in managing supply chain risks and emphasized a shift towards regional manufacturing to mitigate risks [31][32] Question: Insights on broadband market dynamics - Management highlighted a temporary slowdown in architectural upgrades but expects recovery driven by BEAD funding and increased fiber demand [37][38] Question: Organizational realignment impact on P&L - The realignment is expected to enhance efficiency and customer focus rather than directly reduce costs [49][50] Question: Physical AI and customer interest - There is significant interest in physical AI solutions, with many customers beginning their journey towards autonomy in manufacturing and warehousing [67][71] Question: Data center opportunities and pilot updates - The company sees significant growth potential in data center solutions, with positive engagements and expanded commercial relationships underway [75][76]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported record revenue of $720 million, exceeding guidance, with adjusted EPS at a record $2.08, also surpassing expectations [4][5] - Full year 2025 revenue reached approximately $2.7 billion, a 10% increase year-over-year, with adjusted EPS of $7.54, reflecting a 19% increase year-over-year [5][17] - Free cash flow for the year was $219 million, with share repurchases totaling 1.7 million shares for $195 million, reducing share count by over 11% since 2021 [5][21] Business Line Data and Key Metrics Changes - Automation Solutions revenue for the year was nearly $1.5 billion, a 14% improvement year-over-year, with EBITDA increasing by 16% [18] - Smart Infrastructure Solutions revenue topped $1.2 billion, a 7% improvement year-over-year, with EBITDA increasing by 6% [19] - Solutions wins as a percentage of total revenue crossed 15% for the year, indicating a significant increase from the previous year [6][24] Market Data and Key Metrics Changes - Orders for Q4 were up 12% year-over-year and 5% quarter-over-quarter, indicating strong demand across the business [5][13] - The company noted robust demand in automation sectors, particularly in energy and discrete manufacturing, with double-digit growth in these areas [29][44] - Broadband experienced a softer second half of the year but is expected to stabilize and rebound in 2026 due to new fiber product adoption [19][36] Company Strategy and Development Direction - The company is transitioning to a unified functional operating model effective January 1, 2026, to enhance customer focus and streamline operations [7][9] - The strategic realignment aims to maximize long-term growth and improve the delivery of integrated solutions [9][25] - The company is committed to leveraging trends such as digitization and IT/OT convergence to drive future growth [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage near-term variability despite ongoing market uncertainty [22] - The first quarter 2026 revenue guidance is expected to be between $675 million and $690 million, with adjusted EPS between $1.65 and $1.75 [23][24] - The company anticipates continued strong demand in key verticals, including energy and discrete manufacturing, as well as growth in smart buildings [44][48] Other Important Information - The company successfully refinanced debt by issuing EUR 450 million of senior subordinated notes, extending its debt maturity profile [22] - The balance sheet remains strong, with cash and cash equivalents at $390 million, and financial leverage at 1.9x net debt to EBITDA [20] Q&A Session Summary Question: Demand trends and outlook for 2026 - Management noted a 26% growth in the total solutions pipeline at the end of 2025, with strong demand in automation sectors like energy and hospitality [29][30] Question: Supply chain concerns regarding metals and semiconductors - Management indicated confidence in managing supply chain risks and emphasized a shift towards regional manufacturing to mitigate risks [32][33] Question: Insights on broadband and overall business performance - Management highlighted a temporary slowdown in architectural upgrades in broadband but expects recovery due to resolved interoperability issues and BEAD funding [36][37] Question: Organizational realignment impact on costs - The realignment is focused on enhancing customer-centricity rather than immediate cost reductions, though efficiencies are expected to arise from pooled resources [49][50] Question: Cash flow and working capital considerations - Management does not anticipate significant impacts on cash flows from copper price volatility, as they have mechanisms to pass on costs [58][60]

Core Insights - GlobalFoundries reported strong fourth-quarter results, exceeding guidance for revenue, gross margin, and earnings per share, driven by improvements in product mix and cost management [4][7] Financial Performance - Fourth-quarter revenue reached $1.83 billion, an 8% increase sequentially and flat year-over-year, with wafer shipments of approximately 619,300 units, up 3% sequentially and 4% year-over-year [2][7] - Gross margin for the fourth quarter was about 29%, up 300 basis points sequentially and 360 basis points year-over-year, with an operating profit of $335 million and an operating margin of 18.3% [1][7] - Full-year 2025 revenue was approximately $6.79 billion, a 1% increase year-over-year, with diluted EPS of $1.72, also up 10% year-over-year [8][9] Market Dynamics - The company is shifting its revenue mix away from smartphones, with over 60% of 2025 revenue coming from non-smart mobile markets and automotive, while communications and data center markets grew significantly [6][11] - Automotive revenue for Q4 rose 40% sequentially and 3% year-over-year, contributing to a full-year total of $1.4 billion, a 17% increase year-over-year [9][10] Strategic Initiatives - GlobalFoundries secured over 500 design wins in 2025, with more than 95% being sole-sourced, indicating strong customer partnerships [12] - The company is investing heavily in expanding its manufacturing capabilities, including a $16 billion commitment in the U.S. and EUR 1.1 billion in Dresden, targeting over 1 million wafers per year by the end of 2028 [16] Cash Flow and Capital Allocation - The company generated operating cash flow of $374 million in Q4 and $1.731 billion for the year, with adjusted free cash flow of $1.2 billion, representing a record margin of 17% [17] - A share repurchase program of up to $500 million has been authorized, with repurchases expected to begin in the current quarter [18] 2026 Outlook - For Q1 2026, management guided revenue of $1.625 billion ± $25 million and gross margin of about 27% ± 100 basis points, with expectations for non-wafer revenue to contribute 10% to 12% of total revenue [20] - Full-year 2026 guidance includes non-IFRS net capex of 15% to 20% of revenue and a free cash flow margin of about 10% as the company continues to invest [21]

Group 1: Event Overview - HII and Path Robotics will sign a memorandum of understanding and demonstrate physical AI at Path Robotics' headquarters on February 17, 2026 [1][2] - The event will include a guided factory tour and live demonstrations of welding and assembly [1] - Media attendance is required to be confirmed by February 16, 2026 [3] Group 2: Company Profiles - HII is the largest shipbuilder in America, specializing in advanced defense technologies and unmanned systems for U.S. and allied defense customers [4] - HII has a workforce of 44,000 and a history of over 140 years in advancing U.S. national security [5] - Path Robotics focuses on physical AI for manufacturing, particularly in welding, and has raised over $300 million since its founding in 2018 [5]

Financial Data and Key Metrics Changes - Q4 2025 revenues were $80.6 million, up 11% year-over-year and 1% sequentially, marking solid execution across the portfolio [2][3] - Adjusted gross margin for Q4 was 37%, down from 40.5% in Q3, impacted by $3 million in headwinds [15][17] - GAAP net loss was $1.9 million, or $0.14 per diluted share, while adjusted diluted EPS was $0.07 [16][17] - Adjusted EBITDA was $6 million, or 7.5% of revenue, compared to $9.2 million or 11.5% of revenue in Q3 [17] Business Line Data and Key Metrics Changes - **Sensors Segment**: Q4 revenue declined 4% sequentially but was up 18% year-over-year; bookings rose 4% sequentially, resulting in a book-to-bill of 1.15 [4][5] - **Weighing Solutions Segment**: Q4 sales increased modestly from Q3 and grew 7.8% from the prior year; orders were up 14.9% sequentially, resulting in a book-to-bill of 1.02 [7][8] - **Measurement Systems Segment**: Q4 revenue was $22.4 million, up 9% sequentially and 6% year-over-year; however, orders declined 16% from Q3, resulting in a book-to-bill of 0.81 [9] Market Data and Key Metrics Changes - Total Sensors orders were up 18% in the second half of 2025 compared to the first half, with backlog at the highest level since Q3 2023 [5][6] - Weighing Solutions showed strength in precision agriculture, medical, construction, and e-bike applications, while transportation orders increased for onboard weighing systems [8] Company Strategy and Development Direction - The company is focusing on accelerating growth through the creation of two new senior executive positions: the Office of the Chief Business and Product Officer and the Office of Chief Operating Officer [10][11] - Aiming for a mid- to high-single-digit revenue growth in 2026, with a target of $45 million from business development initiatives, representing a 20% increase from 2025 [14][39] - Emphasis on Physical AI technologies and humanoid robotics as key growth areas, with expectations for continued momentum in 2026 [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding recovery in the marketplace, particularly in the Sensors and Weighing Solutions segments, despite softness in the steel market [21][22] - Anticipated improved gross margins in Q1 2026, with no lingering impacts from unusual headwinds identified in Q4 [23][27] - The company is prepared to support customer production demands in the humanoid robotics market, which is expected to see significant developments in 2026 [6][7] Other Important Information - The company generated adjusted free cash flow of $1.3 million in Q4, down from $7.4 million in Q3 [17] - As of the end of Q4, the cash position was $87.4 million, with long-term debt of $20.6 million, resulting in a net cash position of $66.8 million [18] Q&A Session Summary Question: Revenue guidance and its bias towards the sensor segment - Management is optimistic about recovery signs in the marketplace, particularly in Sensors, and expects higher revenues in the second half of the year [21][22] Question: Gross margin impact and lingering effects - Management identified a $3 million unusual effect in Q4, which is not expected to persist into Q1, leading to improved gross margins [23][27] Question: Organizational changes and financial targets - The new organizational structure aims to standardize processes and improve operational efficiency, with expected cost savings of $6 million in 2026 [36][39] Question: Details on new humanoid development customer - The new customer is smaller and still in the design stage, with no clear timeline for ramp-up, but the company is prepared to support them [40][41] Question: Discussions with other humanoid developers - The company is in dialogue with multiple humanoid manufacturers and hopes to report prototype orders from them in the future [42]

Financial Data and Key Metrics Changes - Q4 2025 revenues were $80.6 million, up 11% year-over-year and 1% sequentially, reflecting solid execution across the portfolio [3][4] - Adjusted gross margin for Q4 was 37%, down from 40.5% in Q3, impacted by $3 million of headwinds [16][18] - GAAP net loss was $1.9 million, or $0.14 per diluted share, with adjusted diluted EPS at $0.07 [18] Business Line Data and Key Metrics Changes - **Sensors Segment**: Q4 revenue declined 4% sequentially but was up 18% year-over-year; bookings rose 4% sequentially, resulting in a book-to-bill of 1.15 [5][6] - **Weighing Solutions Segment**: Q4 sales increased 7.8% year-over-year, with orders up 14.9% sequentially, resulting in a book-to-bill of 1.02 [8][9] - **Measurement Systems Segment**: Q4 revenue was $22.4 million, up 9% sequentially and 6% year-over-year; however, orders declined 16% from Q3, resulting in a book-to-bill of 0.81 [10] Market Data and Key Metrics Changes - Total Sensors orders were up 18% in the second half of 2025 compared to the first half, with backlog at the highest level since Q3 2023 [6] - Weighing Solutions showed strength in precision ag, medical, construction, and e-bike applications, while transportation orders increased for onboard weighing systems [9] Company Strategy and Development Direction - The company is focusing on accelerating growth through the creation of new senior executive positions, including the Office of the Chief Business and Product Officer and the Office of Chief Operating Officer [11][12] - Aiming for a mid- to high-single-digit revenue growth in 2026, with a target of $45 million from business development initiatives, representing a 20% increase from 2025 [15][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding recovery in the marketplace, particularly in the Sensors segment, with expectations for higher revenues in Q2 [22][23] - The company anticipates improved gross margins moving into Q1 2026, as identified one-time impacts are not expected to persist [28] Other Important Information - The company generated adjusted free cash flow of $1.3 million in Q4, down from $7.4 million in Q3 [18] - The cash position at the end of Q4 was $87.4 million, with long-term debt of $20.6 million, providing ample liquidity for business requirements and potential M&A [19] Q&A Session Summary Question: Revenue guidance and its bias towards the sensor segment - Management is optimistic about recovery signs in the marketplace, particularly in Sensors, and expects higher revenues in the second half of the year [22][23] Question: Gross margin impact and lingering effects - Management identified a $3 million unusual effect in Q4, which is not expected to persist into Q1 2026, leading to improved gross margins [24][28] Question: Organizational changes and financial targets - The new organizational structure aims to standardize processes and improve operational efficiency, with expected cost savings of $6 million in 2026 [39][40] Question: Details on new humanoid development customer - The new customer is smaller and still in the design stage, with no clear timeline for scaling up production [42] Question: Discussions with other humanoid developers - Management is in dialogue with multiple humanoid manufacturers and hopes to report prototype orders from them in the future [43]

Financial Data and Key Metrics Changes - Q4 2025 revenues were $80.6 million, an increase of 11% year-over-year and 1% sequentially, reflecting solid execution across the portfolio [3][4] - Adjusted gross margin for Q4 was 37%, down from 40.5% in Q3, impacted by $3 million of headwinds including unfavorable product mix and inventory reductions [15][16] - GAAP net loss was $1.9 million, or $0.14 per diluted share, while adjusted diluted EPS was $0.07 [16][17] - Adjusted EBITDA was $6 million, or 7.5% of revenue, compared to $9.2 million or 11.5% of revenue in Q3 [17] Business Line Data and Key Metrics Changes - **Sensors Segment**: Q4 revenue declined 4% sequentially but was up 18% year-over-year. Bookings rose 4% sequentially, resulting in a book-to-bill of 1.15 [5][6] - **Weighing Solutions Segment**: Q4 sales increased modestly from Q3 and grew 7.8% year-over-year, with orders up 14.9% sequentially to $28.2 million, resulting in a book-to-bill of 1.02 [8][9] - **Measurement Systems Segment**: Q4 revenue was $22.4 million, up 9% sequentially and 6% year-over-year, but orders declined 16% from Q3, resulting in a book-to-bill of 0.81 [10] Market Data and Key Metrics Changes - Total Sensors orders were up 18% in the second half of 2025 compared to the first half, with backlog at the highest level since Q3 2023 [6] - Weighing Solutions showed strength in precision agriculture, medical, construction, and e-bike applications, while transportation orders increased for onboard weighing systems [9] - Measurement Systems saw record-high sales for R&D tools related to new metal alloys and higher sales in avionics testing [10] Company Strategy and Development Direction - The company is focusing on accelerating growth through the creation of new senior executive positions aimed at refining sales and product development processes [11][12] - A key trend driving long-term opportunities is the emergence of Physical AI technologies, with the company looking to provide solutions in humanoids and autonomous logistics [13] - The company has set an internal goal to grow top line revenue in the mid- to high-single digits for 2026, targeting $45 million from business development initiatives, a 20% increase from 2025 [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding recovery in the marketplace, particularly in the Sensors segment, with expectations for higher revenues in Q2 2026 [20][21] - The company anticipates improved gross margins moving into Q1 2026, as certain one-time impacts from Q4 are not expected to recur [22][26] - Management highlighted ongoing hiring in the Sensors segment to meet demand from test and measurement, avionics, military, and space applications [46] Other Important Information - The company generated adjusted free cash flow of $1.3 million for Q4, compared to $7.4 million in Q3, with a cash position of $87.4 million at the end of Q4 [17][18] - The company expects an additional $3 million in SG&A costs in 2026 to support the new organizational structure and IT platforms, with a net effect of $1 million to support the new organization [13] Q&A Session Summary Question: Revenue guidance and its bias towards the sensor segment - Management is optimistic about recovery signs in the marketplace, particularly in the Sensors segment, and expects higher revenues mainly in sensors starting Q2 [20][21] Question: Gross margin impact and lingering effects - Management identified a $3 million unusual effect in Q4, which is not expected to recur in Q1, leading to improved gross margins [22][26] Question: Organizational changes and growth prospects - The new organizational structure aims to standardize processes and improve operational efficiency, with expected cost savings of $6 million in 2026 [35][37] Question: New humanoid development customer details - The new customer is smaller and still in the design stage, with no clear timeline for scaling up production [40] Question: Discussions with other humanoid developers - The company is in dialogue with multiple humanoid manufacturers and hopes to report prototype orders from them in the future [41]