Financial Data and Key Metrics Changes - Fourth quarter revenue grew 15% year-over-year to $391.6 million, with full year revenue increasing 13% to $1.5 billion [5][10] - Gross profit for the fourth quarter was $121.9 million, representing 31.1% of revenue, down from 32.7% in the prior year quarter [11] - GAAP net income for the fourth quarter was $10.2 million, or $0.22 per diluted share, compared to $8.2 million, or $0.18 per diluted share in the prior year [14][15] - Free cash flow for 2025 was $137.2 million, a significant increase from $46.4 million in 2024 [20] Business Line Data and Key Metrics Changes - Revenue from the automotive market grew 6% sequentially and 20% for the full year, driven by improved inventory and demand [27] - The computing market saw a 25% increase for the full year, primarily due to AI server-related applications [6][30] - Industrial market revenue increased 13% for the full year, with solid momentum across power, sensing, and automation applications [29] Market Data and Key Metrics Changes - Asia represented 78% of revenue, Europe 12%, and North America 10% in the fourth quarter [26] - The automotive and industrial markets combined accounted for 42% of product revenue, a one percentage point increase from the previous quarter [26] Company Strategy and Development Direction - The company aims to achieve $2.5 billion in revenue and $1 billion in gross profit by focusing on automotive, industrial, and AI server-related applications [8][9] - Management emphasized the importance of product mix improvements and cost efficiency to drive margin expansion [9][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market demand improving in 2026, particularly in key segments [41] - The company anticipates a 19% year-over-year revenue growth for the first quarter of 2026, indicating a strong outlook [22][42] Other Important Information - The company introduced over 650 new part numbers in 2025, with 40% targeted for the automotive market [27] - Cash flow provided by operations was $215.5 million for the full year, an increase of $96.1 million compared to the previous year [19] Q&A Session Summary Question: Can you walk us through the targets and how you see getting there? - Management reiterated commitment to achieving long-term goals and emphasized the importance of driving share in key market segments [38] Question: Is the gross margin improvement due to leverage or operational efficiencies? - Management indicated that improvements in cost structure and manufacturing efficiency are contributing to gross margin improvements [40] Question: Should we contemplate the interim goal as something to achieve by calendar 2028? - Management confirmed that the interim goal is indeed targeted for achievement by 2028 [45] Question: What is the impact of manufacturing services agreements ending this year? - Management acknowledged the agreements are concluding and indicated that benefits from new wafer fabs will start contributing to gross profit next year [49] Question: How is the company addressing the supply interruption and its impact on margins? - Management stated that they are using the opportunity to deepen relationships with customers and expand their portfolio [56]