Financial Data and Key Metrics Changes - For Q3 FY2026, net sales were $267 million, representing a 4% sequential increase and a 13% year-over-year increase, driven by data center and LoRa portfolio momentum [5][22] - Adjusted operating margins grew by 180 basis points sequentially and 230 basis points year-over-year [5][23] - Adjusted diluted earnings per share were $0.48, up 17% sequentially and 85% year-over-year [5][26] - Adjusted EBITDA was $62.7 million, up 11% sequentially and 23% year-over-year, with an adjusted EBITDA margin of 23.5% [23][26] Business Line Data and Key Metrics Changes - Infrastructure net sales were $77.9 million, up 6% sequentially and 18% year-over-year, supported by data center business [7] - Data center net sales reached a record $56.2 million, up 8% sequentially and 30% year-over-year [8] - High-end consumer net sales for Q3 were $41.9 million, up 2% sequentially and 5% year-over-year [13] - Industrial net sales were $147.2 million, up 3% sequentially and 12% year-over-year, driven by strong LoRa performance [14] Market Data and Key Metrics Changes - The data center market is expected to see continued growth, with projections of approximately 10% sequential growth in Q4 [27] - The high-end consumer market is anticipated to decrease by about 3% sequentially, partially offset by market share gains [27] - The industrial end market is expected to remain flat, with growth in IoT systems and connectivity [27] Company Strategy and Development Direction - The company is focused on capturing growth opportunities in core assets and optimizing its portfolio, including the recent acquisition of the Force Sensing business [6][20] - The strategy includes leveraging R&D resources to expand the portfolio, particularly in LoRa and data center technologies [6][19] - The company aims to strengthen its culture and operational excellence while addressing margin disparities through divestitures of non-core assets [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand pipeline for data center solutions, particularly in AI CapEx and low-power solutions [8][9] - The company anticipates a meaningful contribution from LPO in Q4, with expectations of continued growth in the data center business [46] - Management highlighted the importance of power efficiency in their solutions, positioning the company to lead in ultra-power-efficient technologies [18] Other Important Information - The company completed a $402.5 million convertible note offering, significantly reducing interest expenses and improving cash flow [24][25] - The acquisition of the Force Sensing business is expected to enhance the company's sensing portfolio and create cross-selling opportunities [14][70] Q&A Session Summary Question: Insights on CopperEdge ramping with lead CSP - Management indicated that CopperEdge is designed into three programs with a ramp expected to start in mid-2026, which will serve as a catalyst for broader adoption among other CSPs [34][36] Question: Size of the ACC opportunity - Management noted that ACC is positioned between DAC and AEC, with significant potential to capture market share due to its power-saving advantages [38][39] Question: Growth expectations for LPO - Management expects LPO to contribute meaningfully in Q4, with a strong ramp anticipated throughout 2026 [46][62] Question: Force Sensing acquisition details - The force sensing technology enhances capabilities for smart wearables and computing, with integration already underway and first products shipped [66][70] Question: Gross margin outlook for ISC business - Management acknowledged that ISC gross margins are expected to be lower due to the mix of cellular modules, but semiconductor gross margins remain healthy [102][103]

Core Insights - Meta is seeking to enter the electricity trading market to support the energy needs of its data centers [1][2] - The company aims to secure long-term electricity purchases from new power plants while having the flexibility to resell excess power [2] - Meta's energy strategy is driven by the need for significant power expansion to support its ambitious AI data center plans [3] Group 1: Company Initiatives - Meta is requesting federal approval to trade electricity, following Apple's lead in obtaining similar approval [2] - The company's head of global, Urvi Parekh, emphasized the importance of consumer commitment in expanding power supply [2] - Meta's proactive approach is seen as essential for accelerating the development of new power plants [2] Group 2: Industry Context - The tech industry's growing energy demands necessitate the construction of new gas-powered plants, particularly for Meta's Louisiana data center campus [3] - The need for additional power infrastructure is critical to support the increasing energy requirements of AI and data center operations [3]

So let's go inside out on Nvidia. Joining us now is Dave Altavilla, principal analyst at Hot Tech Vision and Analysis. Very good morning to you.Thanks so much for joining us on this very important day for Nvidia. What are your expectations here. >> Ah good morning and thanks for having me.Uh you know I think a lot of folks are waiting on pins and needles for this earnings call today uh this afternoon and for good reason. Uh I expect Nvidia is going to put up another beat and a raise firmly. So I might add u ...

Group 1: Bristol-Myers Squibb - Bristol-Myers Squibb reported third-quarter 2025 revenues of $12.22 billion, exceeding the consensus estimate of $11.81 billion, representing a 3% year-over-year increase [1] - Shares of Bristol-Myers Squibb rose 1.2% to settle at $47.26 [5] Group 2: Baidu and Alibaba - Jim Cramer recommended Alibaba as the top choice for Chinese stocks, followed by Baidu [1] - Baidu's third-quarter financial results will be reported on Nov. 18 [1] - Baidu shares gained 5.1% to close at $132.32 [5] - Alibaba shares fell 0.3% to settle at $165.89 [5] Group 3: Brinker International - Brinker International reported quarterly earnings of $1.93 per share, beating analysts' estimate of $1.77, with profit more than doubling from $0.95 a year earlier [2][3] - Revenue rose 18.4% to $1.35 billion from $1.14 billion in the same period a year ago, slightly ahead of the expected $1.33 billion [3] - Shares of Brinker gained 3.9% to close at $106.61 [5] Group 4: New Era Energy & Digital - New Era Energy & Digital announced a land option purchase agreement for approximately 3,500 acres in Lea County, New Mexico, for a large-scale AI data center campus [2][3] - The company received a positive endorsement from Jim Cramer regarding its speculative potential [2] - New Era Energy & Digital shares fell 5.3% to settle at $5.09 [5]

⚡️ NEW: CleanSpark is raising $1.15B to expand its Bitcoin mining and AI data center infrastructure. https://t.co/Y5dDFbmYDS ...

AI Data Center Development - xAI is reportedly approximately 6 months ahead in constructing the most powerful AI data center [1] - The AI data center landscape is highly competitive [1] - The durability of xAI's lead remains uncertain [1] Research & Transparency - A detailed mapping of xAI's construction progress was conducted using satellite imagery, permits, and public sources [1] - The research findings, including commissioned satellite images, are being released for free [1]

And for the trades heading into those prints, let's bring in Tim Seymour, the chief investment officer of Seymour Asset Management. He's also a CNBC contributor. Tim, we're going to start with shares of Qualcomm reporting.Shares are up two head ahead of that earnings report and up more than 4% over the past month. The chipmaker recently announced it would be breaking into the AI data center market. So, what's the trade for Qualcomm heading into that print.Well, the core business is better than expected, esp ...

Core Insights - Qualcomm's stock performance has significantly lagged behind its peers in the semiconductor sector, with only a 4% increase over the past year compared to the SMH ETF's 42% rise [2][3] - The semiconductor industry shows clear winners and losers, with companies like Micron, Seagate, and Nvidia performing well, while Qualcomm and Texas Instruments are underperforming [3][4] Performance Analysis - Qualcomm's stock has faced resistance at the $175 level, which has been a critical point in its price history, and it recently broke through this resistance [4] - The stock is currently supported around the $153 level based on recent lows, indicating potential for recovery [4] - Technical indicators suggest a bearish outlook, with a significant drop in momentum and a key downside area identified around $160 [6] Trading Strategy - A bullish options strategy is proposed for Qualcomm, focusing on a call diagonal spread to capitalize on potential upward movement [9][12] - The strategy involves buying a slightly in-the-money call at a $172.5 strike and selling a higher strike call at $185, with the expectation that the stock will rise above $175 for profitability [11][12] - The implied volatility levels are favorable, with the strategy allowing for a low-cost entry point while targeting a significant price move [12][13]

Financial Data and Key Metrics Changes - Net revenue for Q1 FY2026 was $299.1 million, exceeding guidance of $290 million to $298 million, representing a 3% sequential increase and a 25.6% year-over-year increase [4] - Operating margin for Q1 was 15.7%, above guidance of 14.6% to 15.4%, and increased by 130 basis points sequentially and 570 basis points year-over-year [4] - EPS for the quarter was $0.15, above guidance of $0.13 to $0.14, and increased by $0.02 sequentially and $0.09 year-over-year [4] Business Segment Data and Key Metrics Changes - NSC revenue was $216 million, above guidance of $208 million to $214 million, with a year-over-year increase of 35.5% driven by strong demand from the data center ecosystem and the acquisition of Inertia Labs [5][6] - OSB revenue was $83.1 million, in line with guidance of $82 million to $84 million, and up 5.5% year-over-year, primarily due to strength in anti-counterfeiting products [7] Market Data and Key Metrics Changes - Total cash and short-term investments at the end of Q1 were $549.1 million, up from $429 million in the previous quarter [8] - Cash flow from operating activities for the quarter was $31 million, compared to $13.5 million in the same period last year [8] Company Strategy and Development Direction - The acquisition of Spirent Communications is expected to add approximately $200 million in annual revenue run rate, higher than the previous estimate of $188 million [9][10] - The company plans to leverage the complementary product portfolio and capabilities, reporting NSC as one business segment going forward [11] Management's Comments on Operating Environment and Future Outlook - Management expects strong quarter-on-quarter growth in NSC driven by demand from the data center ecosystem and aerospace and defense customers [15] - The service providers' business was stable, with a gradual recovery in fiber offset by soft demand for wireless products [14] Other Important Information - The company refinanced $250 million in convertible notes and repurchased approximately 2.7 million shares for about $30 million [8] - The fully diluted share count for the quarter was 227.9 million shares, up from 224 million shares in the prior quarter [9] Q&A Session Summary Question: Update on revenue mix between core telecom service provider revenue and new products - Management indicated a shift in revenue mix to approximately 45% service provider, 40% data center ecosystem, and 15% aerospace and defense post-acquisition of Spirent [19][20] Question: Growth breakdown between data center and aerospace and defense - Management noted strong demand for field instruments from the data center ecosystem and gradual growth in aerospace and defense [24] Question: Operating margin guidance for NSC - Management expects operating margins to improve with Spirent's contribution, potentially reaching around $165 million in the early part of 2026 [27] Question: Impact of wireless business recovery on earnings - Management acknowledged that recovery in the wireless segment could significantly enhance earnings, with potential EPS nearing $1 if trends continue positively [33] Question: Margin profile of Spirent Communications business - Management confirmed that Spirent has a higher gross margin than the average NSC and is expected to be accretive post-integration [67][68]

Core Insights - onsemi has completed the acquisition of Vcore power technologies and associated intellectual property from Aura Semiconductor, enhancing its power management portfolio for AI data center applications [1][2] Group 1: Acquisition Details - The acquisition strengthens onsemi's capabilities in delivering differentiated solutions across the power tree, from grid to core, specifically for AI data center solutions [1] - This strategic move is aimed at accelerating onsemi's vision to address the complete power requirements of modern AI infrastructure [1][2] Group 2: Technological Advancements - onsemi has decades of innovation in silicon and silicon carbide (SiC) technologies, positioning itself as a leader in solid state transformers, power supply units, and 800 VDC distribution [2] - The integration of Vcore technologies will enable onsemi to meet stringent power requirements with scalable and practical designs [2] Group 3: Company Overview - onsemi focuses on automotive and industrial end-markets, driving innovations in vehicle electrification, sustainable energy grids, industrial automation, and cloud infrastructure [3] - The company is included in the Nasdaq-100 Index and S&P 500 index, highlighting its significant market presence [3]