THE NEXT GROWTH CHAPTER INVESTOR DAY 2026 ADVANC:TB 6 February 2026 DISCLAIMER: Please be informed that this meeting is being recorded. By participating in this meeting, you have allowed AIS to collect, use, or disclose any personal data shared during this meeting by any means. Please do not copy, edit, or modify any content shared during this meeting for any purpose. 1 Agenda PRATTHANA LEELAPANANG Chief Executive Officer 3 AIS2028 – The Next Growth Chapter STRENGTHS WE BUILD FROM Telecom Connectivity Leade ...

Viasat (NasdaqGS:VSAT) Q3 2026 Earnings call February 05, 2026 05:30 PM ET Company ParticipantsEdison Yu - DirectorGary Chase - CFOJustin Lang - VP of Aerospace and Defense Equity ResearchLisa Curran - SVP of Investor RelationsMark Dankberg - Chairman and CEOMike Crawford - Senior Managing Director and Head of the Discovery GroupRic Prentiss - Managing Director of Communications ServicesConference Call ParticipantsRyan Koontz - Managing Director and Research AnalystSebastiano Petti - Senior Research Analyst ...

Financial Data and Key Metrics Changes - Revenue for Q3 FY 2026 was $1.2 billion, up approximately 3% year-over-year, reflecting growth in both DAT and communication services [21][22] - Adjusted EBITDA was $387 million, down 2%, primarily due to $10 million of incremental R&D investments related to growth initiatives [23] - Net income improved to $25 million, an increase of $183 million, mainly due to higher interest income recognized during the quarter [22] - Cash flow from operations was $727 million, or $307 million excluding the lump sum payment from Legato, resulting in free cash flow of $444 million [21][23] - The net debt to trailing twelve-month adjusted EBITDA ratio improved to 3.25 times, down from approximately 3.7 times a year ago [24] Business Line Data and Key Metrics Changes - Communication services awards were $671 million, down 11%, reflecting lower aviation awards and the effects of the government shutdown [24] - Maritime awards grew 25%, while revenue was $825 million, up 1%, with solid growth in aviation and government SATCOM [25] - Aviation revenue grew 15%, driven by a 9% increase in commercial aircraft in service [25] - Government SATCOM revenue increased by 4%, indicating strong growth with U.S. and international governments [26] - Fixed services and other revenue declined by 20%, with U.S. fixed broadband subscribers continuing to decrease [28] Market Data and Key Metrics Changes - Backlog reached approximately $4 billion, a record for the company, up about 12% or $430 million, largely due to strong awards in the second quarter [22] - The global space economy is projected to grow from $626 billion in 2025 to $1 trillion by 2034, indicating significant market opportunities [16] Company Strategy and Development Direction - The company focuses on three key areas for revenue growth: ViaSat-3, multi-orbit systems, and new frontier defense technology [6] - Ongoing capital allocation and strategic initiatives aim to unlock shareholder value while positioning the company to deliver differentiated value in fast-growing space and defense markets [11] - The company is evaluating strategic options, including the potential separation of government and commercial businesses to enhance shareholder value [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic direction and operational targets, emphasizing the importance of bringing ViaSat-3 flights 2 and 3 into service [20][32] - The company anticipates that the capabilities of the new satellites will catalyze future growth in both government and commercial franchises [31] - Management acknowledged the impact of the government shutdown on operations and expects similar effects in the fourth quarter [31] Other Important Information - The company is committed to reducing capital intensity while enhancing its reputation for reliable innovation and customer value [12] - The Equatys Mobile Satellite Services partnership is expected to leverage technical innovation and reduce capital costs for targeted business segments [13] Q&A Session Summary Question: Update on Flight 2 and Flight 3 launches - Management confirmed that Flight 3 will likely have a shorter orbit raise period of about 2 months compared to Flight 2's 100 days [43] Question: Strategic review process and timing - Management indicated that the successful deployment of Flights 2 and 3, along with macro market conditions, will influence the timing of strategic decisions [45][46] Question: Thoughts on data centers in space and AI - Management noted that the feasibility of data centers in space hinges on power generation efficiency and expressed no plans to enter the data center business [51][52] Question: Addressable markets for competitive advantages - Management identified broadband and L-band markets as key areas for growth, particularly in mobile platforms and government applications [56][57] Question: Evaluation of government assets and potential separation - Management stated that a thorough evaluation is ongoing regarding the management of key dependencies if a separation occurs [85][86]

Financial Data and Key Metrics Changes - Revenue for Q3 FY 2026 was $1.2 billion, an increase of approximately 3% year-over-year, driven by growth in DAT and communication services [18][20] - Adjusted EBITDA was $387 million, down 2%, primarily due to increased R&D investments and the impact of the government shutdown [21][26] - Net income improved to $25 million, a significant increase of $183 million compared to the previous year, mainly due to higher interest income [20] - Free cash flow was $444 million, or $24 million excluding a lump sum payment from Legato, with trailing twelve-month free cash flow exceeding $200 million [21][22] Business Line Data and Key Metrics Changes - Communication services awards were $671 million, down 11%, affected by lower aviation awards and the government shutdown [22] - Maritime revenue grew 25%, while overall maritime revenue declined 3% due to a decrease in vessels in service [24][25] - Defense and Advanced Technologies (DAT) revenue was $332 million, up 9%, driven by strong growth in InfoSec and cyber defense [26][29] Market Data and Key Metrics Changes - Backlog reached approximately $4 billion, a record high, up about 12% or $430 million, largely due to strong awards in government SATCOM and DAT [19] - The global space economy is projected to grow from $626 billion in 2025 to $1 trillion by 2034, indicating significant market opportunities [13][14] Company Strategy and Development Direction - The company is focused on three key areas for revenue growth: ViaSat-3, multi-orbit networks, and new defense technology [5][6] - Ongoing capital allocation and strategic initiatives aim to unlock shareholder value while positioning the company to deliver differentiated value in fast-growing space and defense markets [9][12] - The company is evaluating strategic options, including the potential separation of government and commercial businesses to enhance competitive positioning [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic direction and operational targets, emphasizing the importance of the upcoming launches of ViaSat-3 Flight 2 and Flight 3 [17][30] - The company anticipates that the capabilities of the new satellites will catalyze future growth in both government and commercial franchises [29][30] - Management acknowledged the impact of the government shutdown on operations and expects similar effects in the fourth quarter [29] Other Important Information - The company is committed to reducing capital intensity while enhancing innovation and customer value [10][33] - A strategic partnership with Space42 aims to develop a shared space infrastructure to reduce capital costs and improve service delivery [11][34] Q&A Session Summary Question: Update on Flight 2 and Flight 3 launches - Management confirmed that Flight 3 will have a shorter orbit raise period of about two months compared to Flight 2's 100 days [42] Question: Strategic review process and timing - Management indicated that the successful deployment of Flight 2 and Flight 3, along with macro market conditions, will influence the timing of strategic decisions [44][45] Question: Thoughts on data centers in space and AI - Management stated that the feasibility of data centers in space hinges on power generation efficiency and expressed interest in partnerships for communication capabilities [49][51] Question: Competitive landscape for D2D players - Management highlighted the importance of spectrum allocation and national security considerations in the competitive landscape for mobile satellite services [66][68] Question: Evaluation of government assets and potential separation - Management acknowledged the complexity of managing key dependencies and emphasized a thorough evaluation process to enhance shareholder value [84][85] Question: Position in information security and competitive threats - Management expressed optimism about growth in the information security sector, citing increased urgency and market size as favorable factors [86]

StepStone Group (NasdaqGS:STEP) Q3 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAlex Blostein - Managing DirectorDavid Park - Partner and CFOJason Ment - Partner, President, and Co-COOMichael Cyprys - Managing Director and Equity Research In FinancialsMichael McCabe - Head of StrategyScott Hart - Partner and CEOSeth Weiss - Managing Director and Corporate Investor RelationsConference Call ParticipantsBrennan Hawken - Senior Equity Research AnalystJohn Dunn - Managing Director and Sen ...

Envista (NYSE:NVST) Q4 2025 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsElizabeth Anderson - Senior Managing DirectorEric Hammes - CFOJim Gustafson - VP of Investor RelationsJonathan Block - Managing DirectorKevin Caliendo - Healthcare Equity ResearchLilly Quezada - Senior Branch ManagerPaul Keel - CEOConference Call ParticipantsBrandon Vazquez - Research AnalystJeffrey Johnson - Senior Research AnalystSteven Valiquette - Managing Director and Senior Equity Research AnalystNone - Analyst ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2026 was $162.3 million, down 6.3% year-over-year and down 11.1% sequentially [4][18] - Non-GAAP gross margin was 22.2%, compared to 24.1% in the previous quarter and 24.2% a year ago [18] - Non-GAAP EPS was a loss of $0.16 per share, compared to a profit of $0.13 in the prior quarter and $0.09 a year ago [20] - Operating cash flow was negative $8.1 million, down from positive $10.2 million in the prior quarter [20][21] Business Line Data and Key Metrics Changes - Computing segment revenue was $80.5 million, representing 49.6% of total revenue, down 17.1% sequentially but up 5.9% year-over-year [10][12] - Consumer segment revenue was $19.2 million, down 14.9% year-over-year and down 18.3% sequentially, accounting for 11.8% of total revenue [13][14] - Communication segment revenue was $33.1 million, flat year-over-year and up 1.1% sequentially, representing 20.4% of total revenue [15] - Power supply and industrial segment revenue was $27.1 million, down 22.5% year-over-year and down 3% sequentially, accounting for 16.7% of total revenue [16] Market Data and Key Metrics Changes - Demand for PCs is expected to be constrained due to memory shortages, but data center investments are providing an offset [11][57] - The company is seeing increased BOM content in new platforms, particularly in AI and high-performance applications [9][57] - The smartphone market remains uneven, with strong performance from Tier 1 US customers but mixed results from China [15] Company Strategy and Development Direction - The company is transitioning from a component supplier to a provider of application-specific total solutions, focusing on higher performance markets [6][7] - Increased R&D investments are being made in areas with clear differentiation and strong customer engagement [7][40] - The company is monetizing a portion of its equity interests in a joint venture to support strategic investments [8] Management's Comments on Operating Environment and Future Outlook - Management expects the March quarter to be a near-term low point for revenue and margin, with growth anticipated beginning in the June quarter [17] - The company is optimistic about the impact of its total solution strategy and expects to see tangible results in 2026 [9][17] - There is confidence in the ability to penetrate further into the PC and smartphone markets despite memory supply challenges [57] Other Important Information - The company repurchased approximately $13.9 million of shares during the December quarter, with $16 million remaining in the repurchase program [5] - CapEx for the quarter was $15 million, with expectations for the March quarter to range from $15 million to $18 million [21] Q&A Session Summary Question: AI opportunities and GPU track - Management noted that while AI opportunities are less than originally expected, they are expanding into medium-voltage MOSFETs for power conversions [25] Question: Operating expenses normalization - Operating expenses are expected to increase by about $4 million in the March quarter, primarily due to R&D investments [27] Question: Capacity and balance sheet - The company is investing in CapEx to prepare for growth in 2026 and is building up capacity [30] Question: Gross margin expectations - March quarter guidance reflects lower utilization due to seasonal factors, with expectations for margins to rebound in the June quarter [36] Question: R&D investment specifics - Increased R&D will focus on areas with competitive leverage, including AI applications and smartphone battery protection [40] Question: Advanced compute product investment - The company is targeting AI applications and medium voltage power conversion, with expectations for significant growth in these areas [48][52]

Affirm (NasdaqGS:AFRM) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAdam Frisch - Senior Managing DirectorBryan Keane - Head of North America Payments Processors & IT Services ResearchDan Perlin - Managing DirectorDarrin Peller - Managing DirectorJohn Hecht - Managing DirectorMatt Coad - Equity Research DirectorMax Levchin - Founder and CEOMichael Linford - COONate Svensson - Director in Equity ResearchRayna Kumar - Managing Director and Head of Fintech Equity ResearchReginald Smi ...

Financial Data and Key Metrics Changes - Fourth quarter revenue was $92.8 million, down 3% sequentially from $96.1 million in Q3 2025, and up 1% year-over-year from $91.6 million in Q4 2024 [12] - 2025 revenue totaled $361.1 million, down 1% year-over-year compared to $366.1 million in 2024 [12] - Fourth quarter gross margin was 54.5%, compared to 53% in Q3 2025 and 53.1% in Q4 2024 [14] - 2025 adjusted EBITDA was a record $69.6 million, compared to $65.9 million in 2024, with a margin of 19.3% [16] Business Line Data and Key Metrics Changes - Fourth quarter Endpoint IC revenue was $75.2 million, down 5% sequentially from $78.8 million in Q3 2025, and up 2% year-over-year from $74.1 million in Q4 2024 [12] - Fourth quarter systems revenue was $17.7 million, up 2% sequentially from $17.3 million in Q3 2025, and up 1% year-over-year from $17.5 million in Q4 2024 [13] - 2025 Endpoint IC revenue declined 2% year-over-year, while systems revenue grew 2% year-over-year [13] Market Data and Key Metrics Changes - The company noted a downward trend in apparel imports and inventory reductions across retail markets, impacting the RAIN market [5] - The company anticipates a normalization of Endpoint IC demand for apparel as early as Q2 2026 [9] Company Strategy and Development Direction - The company is focusing on custom-built Endpoint ICs to meet specific customer needs, which is expected to drive future growth [8][9] - The introduction of Gen2X is seen as a key enabler for solutions, enhancing performance and creating new opportunities [10] - The company aims to shift its selling model to focus on solution value rather than individual components [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a rebound in Endpoint IC volumes and overall growth in 2026, despite challenges faced in 2025 [7][11] - The company expects first quarter revenue to decline sequentially due to inventory burn down and retail weakness, but anticipates improvement as the year progresses [7][12] Other Important Information - The company ended Q4 with record cash and cash equivalents of $279.1 million, up from $265.1 million in Q3 2025 [17] - The company expects first quarter revenue between $71 million and $74 million, reflecting a year-over-year decrease of 2% at the midpoint [17] Q&A Session Summary Question: Can you break down the first quarter guidance miss? - Management explained that the decline is primarily due to lower volume as partners reduce inventory, with each week of burn down approximating $5 million [22] Question: What gives confidence that the situation will improve quickly? - Management highlighted strong January turn orders and a return to normal levels of rescheduling behavior as indicators of improvement [23] Question: Will logistics normalize in Q2? - Management indicated that while apparel is expected to normalize, logistics may take longer due to existing inventory levels [32] Question: How does the custom chip impact pricing? - Management stated that the custom chip will be priced to market, aiming to drive ROI for both the customer and the company [110] Question: What is the impact of the EM Microelectronic license? - Management noted that the impact on revenue in 2026 will be immaterial, as the first chip is still in development [106]

Mitek Systems (NasdaqCM:MITK) Q1 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsDave Lyle - CFOEd West - CEORyan Flanagan - Head of Investor RelationsConference Call ParticipantsAllen Klee - Managing Director and Senior Equity Research AnalystGeorge Sutton - Senior Research AnalystNone - AnalystNone - AnalystOperatorAfternoon, ladies and gentlemen, and welcome to Mitek Reports Fiscal First Quarter 2026 financial results. At this time, all lines are in listen-only mode. Following the pr ...