Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $69.5 million, representing a 58% increase year over year [8][15] - Gross margin increased to 58.2%, up 80 basis points sequentially [15] - EPS rose to $0.47, up from $0.12 a year ago [9][15] - Non-GAAP operating income improved by $9.9 million or 16 percentage points compared to the same quarter last year [16] Business Line Data and Key Metrics Changes - The Comms Enterprise Data Center (CED) segment grew 137% year over year to $36 million [15] - Automotive, industrial, and defense markets saw an 11% year-over-year increase to $16.5 million [15] - Mobile IoT and consumer market revenue increased by 23% year over year to $17 million [15] Market Data and Key Metrics Changes - All markets and geographies demonstrated continued growth, with double-digit percentage increases in Mobile IoT, Consumer, and Auto Defense Industrial segments [12] - The automotive market is experiencing growth driven by fully autonomous operations, with significant traction in robotaxis and defense spending [13] Company Strategy and Development Direction - The company is focused on high-value applications in AI data centers, automated driving, defense, and industrial sectors [8] - Plans to accelerate product development and customer acquisition in the AI data center market [11] - Continued investment in R&D and customer acquisition while improving operating leverage [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of the company, highlighting strong demand in AI infrastructure and continued momentum across markets [14][20] - The company anticipates sequential revenue growth in Q3 and Q4, expecting at least 40% revenue growth for the second consecutive year [14][20] Other Important Information - The company completed a follow-on public offering of 2 million shares at $200 per share, raising $388 million in net proceeds [18] - The balance sheet remains strong with $796.7 million in cash and short-term investments and no debt [19] Q&A Session Summary Question: Expectations for growth by segment - Management expects CED, led by AI, to continue as the strongest growth area, with stronger seasonality in consumer markets in the second half [21][22] Question: Guidance for the mobile segment - The policy remains to provide guidance only when visibility is sufficient, and the current year allows for inclusion of mobile products in guidance [23][25] Question: Mobile IoT consumer business performance - Management noted that the mobile IoT consumer business is dynamic and subject to seasonality, with expectations for stronger performance in the second half of the year [32][34] Question: Non-data center segments outlook - There is some softness in automotive, but growth is expected in industrial and aerospace markets, with significant opportunities in the coming years [38][40] Question: Gross margin expectations from new products - New products are expected to contribute positively to gross margins, with significant ASP increases anticipated [43][45] Question: Content opportunities in data center equipment - The company is uniquely positioned to provide system-level solutions, which enhances dollar content in data center applications [48][50] Question: Success of the Symphonic product - The Symphonic product targets mobile consumer IoT and is expected to have a higher ASP due to its system-level integration [58][59] Question: Strength in CED segment - Management noted that visibility into the CED segment has improved, with continued strength and demand expected [63][64]