Synaptics (NasdaqGS:SYNA) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsJoe Quatrochi - Managing DirectorKen Rizvi - CFOMunjal Shah - VP and Head of Investor RelationsRahul Patel - President and CEORobert Mertens - Equity Research AssociateConference Call ParticipantsChristopher Rolland - Managing Director and Senior Equity AnalystKevin Cassidy - Senior Research AnalystNeil Young - AnalystPeter Peng - Stock AnalystRoss Seymore - Managing Director and Senior Equity AnalystTom O'Mall ...

Financial Data and Key Metrics Changes - The company reported a GAAP net loss of $123 million or $1.55 per share for Q3 2026, primarily due to the change in fair value of StepStone Private Wealth profits interests [4] - Fee-related earnings were $89 million, up 20% year-over-year, with a FRE margin of 37% [5][17] - Adjusted net income for the quarter was $80 million or $0.65 per share, an increase from $53 million or $0.44 per share in the same quarter last year [5][20] Business Line Data and Key Metrics Changes - Core fee-related earnings, excluding retroactive fees, were $88 million, reflecting a 35% increase compared to the prior year [5] - The company generated gross AUM additions of over $8 billion in the quarter and over $34 billion for the calendar year, marking its best fundraising period [7][13] - In private wealth, the platform grew to $15 billion with over $2.2 billion in new subscriptions for the quarter [8][15] Market Data and Key Metrics Changes - Approximately two-thirds of the inflows were from outside North America, with strong fundraising in Asia and Europe [13][60] - The company reported a retention rate on managed accounts of over 90%, with reups growing by nearly 30% [14] Company Strategy and Development Direction - The company is focused on diversifying its investment approach across various asset classes and capital structures, particularly in the context of AI evolution [10][11] - The firm is currently in the market with several funds, including private equity co-investment and secondaries funds, expecting to activate fee-earning capital in the coming year [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the earnings trajectory, citing an improving capital market environment that may yield stronger realizations [6] - The company anticipates continued growth in private wealth subscriptions and is optimistic about the upcoming fundraising efforts [8][9] Other Important Information - The company plans to pay out a supplemental dividend at the end of the fiscal year, subject to board approval based on performance-related revenues [20] - The net accrued carry finished the quarter at $875 million, indicating a mature investment portfolio ready for harvesting [21] Q&A Session Summary Question: Exposure to software companies across the portfolio - Management highlighted the diversified approach to private markets investing, emphasizing that not all software companies are equal and that they focus on portfolio construction and diversification to manage risks [24][25] Question: Growth in private wealth business and scaling existing products - Management noted that they are in early stages of building syndicates for new funds and expect to see growth in distribution over the coming year, with no new product announcements planned [31] Question: Managing inflows for Spring fund - Management stated that they have not faced issues with inflows and continue to see strong opportunities for deployment across various avenues [35] Question: Expectations for next vintages of funds - Management tempered expectations for modest growth in fund sizes, emphasizing the importance of matching fundraising to the size of the opportunity [37] Question: Performance attribution for Spring fund - Management explained that the performance was driven more by direct secondaries rather than discounts, highlighting the proactive approach in identifying value drivers [44][46]

Strategy (NasdaqGS:MSTR) Q4 2025 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAndrew Kang - CFODan Hillary - Head of TreasuryLarry Lepard - Managing PartnerLyn Alden - Founder and PrincipalMichael Saylor - Executive ChairmanPete Christiansen - DirectorPhong Le - CEOShirish Jajodia - Corporate Treasurer and Head of Investor RelationsTom Lee - Managing Partner and the Head of ResearchConference Call ParticipantsAndrew Harte - Director and FinTech AnalystLance Vitanza - Research AnalystMark ...

Bloom Energy (NYSE:BE) Q4 2025 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsDavis Sunderland - Managing DirectorK.R. Sridhar - Founder, Chairman, and CEOMaciej Krzymuski - Principal Financial Officer and Principal Accounting OfficerManav Gupta - Executive DirectorMichael Blum - Managing DirectorMichael Tierney - VP of Investor RelationsNoel Parks - Managing DirectorSherif Elmaghrabi - VP of Equity ResearchConference Call ParticipantsColin Rusch - Managing Director and Senior Research Anal ...

Qualys (NasdaqGS:QLYS) Q4 2025 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsBlair King - Senior VP of Investor RelationsJoe Vandrick - Equity Research Associate DirectorJonathan Ho - PartnerJoo Mi Kim - CFOJoshua Tilton - Senior VP of Equity ResearchKingsley Crane - Managing DirectorNehal Chokshi - Managing DirectorSumedh Thakar - President and CEOYun Kim - Managing DirectorConference Call ParticipantsJunaid Siddiqui - Investment AnalystMike Richardson - AnalystRahul Chopra - Equity Analy ...

Impinj (NasdaqGS:PI) Q4 2025 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAndy Cobb - VP, Corporate Finance and IRCary Baker - CFOChris Diorio - CEOConference Call ParticipantsDylan Oliver - AnalystEzra Weener - AnalystGuy Hardwick - AnalystHarsh V. Kumar - Managing Director and Senior Research AnalystJames Andrew Ricchiuti - Managing Director and Senior Equity Research AnalystNatalia Winkler - AnalystScott Wallace Searle - Managing Director and Senior Research AnalystTroy Donavon Jensen ...

Financial Data and Key Metrics Changes - Revenue for the first quarter of fiscal 2026 was $19 million, with Adjusted EBITDA at $1.4 million, both within guidance [5][11] - Gross margin as a percentage of sales increased to 44.8% from 38.4% year-over-year and 44.4% sequentially [14] - GAAP net income for the first quarter was $0.1 million or $0.01 per share, compared to $1.1 million or $0.07 per share in the previous quarter [15] Business Line Data and Key Metrics Changes - AI-related products accounted for 35% of revenue in the Thermal Processing Solutions (TPS) segment, up from 30% in the previous quarter [6][12] - Book-to-bill ratio was 1.1, driven by strong performance in the TPS segment due to AI equipment orders [6] - Specialty chemicals segment showed strong customer engagement and improved bookings, while PR Hoffman products faced weak demand [8] Market Data and Key Metrics Changes - Demand for AI infrastructure is driving growth, with semiconductor OEMs and OSATs increasing investments [6] - Weak demand in the mature node semiconductor market is impacting overall results, particularly for PR Hoffman products [8] Company Strategy and Development Direction - The company is focusing on next-generation equipment for high-density packaging and panel-level packaging, which is expected to drive future growth [7] - A semi-fabless manufacturing model is being adopted to increase revenue with minimal capital expenditures [9] - The company aims to overserve underserved customers with high-value applications in specialty chemicals [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued demand for AI-related equipment and strong bookings, with expectations for growth in the third and fourth quarters [6][32] - The company anticipates revenue for the second quarter to be in the range of $19 million to $21 million, driven primarily by AI-related equipment sales [16] Other Important Information - Cash generated from operations was $4.1 million for the first quarter, with a cash balance of $22.1 million and no debt [9][15] - The company did not repurchase any shares under its stock repurchase program since its initiation [15] Q&A Session Summary Question: Can you elaborate on the panel-level business? - Management explained that panel-level packaging is a cost-effective method for producing packaging in large formats, which is seen as the future of advanced packaging [21][22] Question: Are there any new products related to higher density packaging? - Management indicated that new products are being developed for higher density packaging, with meaningful demand expected around 2027 [23] Question: What are the most encouraging factors moving through fiscal 2026? - Management highlighted strong bookings, short lead times for AI packaging equipment, and a robust pipeline for specialty chemicals as encouraging factors [30][32] Question: Can you discuss the increase in SG&A and R&D expenses? - Management noted that R&D increases are primarily due to investments in next-generation packaging equipment for AI applications and specialty chemicals [36][38] Question: What is the outlook for AI revenue growth? - Management expressed improved visibility on AI revenue, with expectations for continued momentum and new facilities being built to support demand [40][42] Question: Can you explain the high tax rate this quarter? - Management clarified that the high tax rate is due to U.S. entities being in a loss position, resulting in no tax benefit recognized [43][46]

Financial Data and Key Metrics Changes - MPS reported full-year revenue of $2.8 billion for 2025, representing a 26.4% increase from 2024 [6] - Q4 2025 revenue reached a record $751.2 million, up 1.9% from Q3 2025 and 20.8% higher than Q4 2024 [6][7] - The company achieved a book-to-bill ratio well in excess of one, indicating strong demand and a growing backlog extending into Q2 and Q3 of 2026 [13] Business Line Data and Key Metrics Changes - Non-enterprise data end markets grew over 40% year-over-year, highlighting the strength of MPS's diversified business model [6] - Record module revenue was achieved, with a focus on shifting towards solutions, particularly in the data center and automotive sectors [7] - Automotive segment grew 43% year-over-year, driven by new technologies and increased content opportunities [66] Market Data and Key Metrics Changes - Strong demand was noted in enterprise data and communications markets, with expectations for continued growth into 2026 [14] - Data center demand has been robust, contributing to growth in storage, optical modules, and switches [19] - The company is expanding its customer base in data center power solutions across various applications, including AI and server technologies [7] Company Strategy and Development Direction - MPS is focused on innovation and solving customer challenges, with ongoing investments in new technology and market expansion [8] - The company aims to maintain supply chain stability and adapt quickly to market changes, ensuring future growth opportunities [8] - A strategic transition is underway to enhance product offerings from silicon to systems and modules, aiming for higher value and efficiency [117][118] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in MPS's prospects, citing a strong culture, dedicated employees, and a solid product portfolio [3] - The outlook for enterprise data growth was adjusted to a floor of 50% for 2025, reflecting improved ordering patterns and customer demand [16] - Management acknowledged macro uncertainties but indicated a secure first half for enterprise data, with positive initial signs from Q4 ordering patterns [82] Other Important Information - The quarterly dividend will increase by 28% to $2 per share, with over 72% of free cash flow returned to stockholders through share repurchases and dividends over the past three years [7] - The company has established a supply chain management system to support its growth and ensure quality standards [95] Q&A Session Summary Question: Insights on different market segments for March quarter - Management noted strong ordering patterns in Q4 2025, with expectations for continued strength in enterprise data and communications [12][13] Question: Outlook for enterprise data growth - Management increased the growth outlook for enterprise data to a floor of 50% for 2025, citing confidence from recent ordering patterns [16] Question: Impact of memory prices on demand - Management indicated that while there may be some pressure from memory prices, they do not foresee significant demand destruction in their markets [31] Question: Expectations for optical transceiver business - Management confirmed strong growth in optical modules and expects continued growth in the communications segment [64] Question: Drivers of automotive segment growth - The automotive segment's growth is attributed to diversification into new technologies and increased content opportunities, with ADAS being a significant factor [66][70] Question: Capacity expansion plans - Management acknowledged the need for increased capacity beyond $4 billion and is actively expanding supply chain management to support this growth [95] Question: Shift to vertical power solutions - Management confirmed that vertical power solutions are expected to drive revenue growth in 2026, aligning with market trends towards energy efficiency [125][127]

SS&C Technologies (NasdaqGS:SSNC) Q4 2025 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAlexei Gogolev - Executive DirectorBill Stone - Chairman and CEOBrian Schell - CFODan Perlin - Managing DirectorJustine Stone - Head of Investor RelationsPeter Heckmann - Managing DirectorRahul Kanwar - President and COOConference Call ParticipantsJeff Schmitt - Research AnalystOperatorLadies and gentlemen, thank you for standing by. My name is Colby, and I'll be your conference operator today. At this ...

Amtech Systems (NasdaqGS:ASYS) Q1 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsBob Daigle - Chairman and CEOGary DiStefano - Director of Investment BankingJordan Darrow - Founder and CEOMark Weaver - Interim CFOConference Call ParticipantsCraig Irwin - Managing Director and Senior Research AnalystGeorge Marema - Research AnalystOperatorGood day everyone and welcome to the Amtech Systems fiscal first quarter 2026 earnings call. Please note that this call is being recorded and simultan ...