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MP Materials Corp. (NYSE:MP) Jeffries Battery Storage & Materials Virtual Conference December 13, 2024 2:20 PM ET Company Participants Ryan Corbett - CFO Conference Call Participants Lawrence Alexander - Jefferies Lawrence Alexander Hi there. So, thank you. So, just continuing with the day, it's my pleasure to introduce Ryan Corbett, who's the CFO at MP Materials. And I think the way we'll start off. Ryan, thank you very much for doing the discussion today. Let's just jump right in. Question-and-Answer Sess ...

Open Text Corporation (NASDAQ:OTEX) Barclays 22nd Annual Global Technology Conference December 12, 2024 4:20 PM ET Company Participants Greg Secord - Vice President, Investor Relations Madhu Ranganathan - President and CFO Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Welcome to our next session. I know as a speaker we have like Madhu, and Madhu will join us in a minute, but Greg is -- because she's stuck on traffic. So, Greg is going to start with me. So, we can ask all the question ...

Hewlett Packard Enterprise Company (NYSE:HPE) Barclays 22nd Annual Global Technology Conference December 12, 2024 3:45 PM ET Company Participants Antonio Neri - President & CEO Conference Call Participants Unidentified Company Representative Good afternoon, everybody. And it’s terrific to be here with you all to 22nd Barclays Global Technology Conference. This afternoon, we have a very special guest in the CEO and President of HPE, Antonio Neri. Antonio, welcome, thank you for doing this with us. We greatly ...

Cisco Systems, Inc. (NASDAQ:CSCO) Barclays 22nd Annual Global Technology Conference December 12, 2024 2:35 PM ET Company Participants Chuck Robbins - Chairman and CEO Conference Call Participants Tim Long - Barclays Bank Unidentified Company Representative Good morning, everybody and welcome to Barclays' 22nd Annual Global Technology Conference. It's a real pleasure to be here with you all this morning and it is my distinct privilege to be interviewing Chuck Robbins, the Chairman and CEO of Cisco. Chuck, we ...

Salesforce, Inc. (NYSE:CRM) Barclays 22nd Annual Global Technology Conference December 12, 2024 3:10 PM ET Company Participants Brian Millham - President and Chief Operating Officer Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Thank you. Maybe take your seats. I'm really happy to have Brian here today from Salesforce. Brian, do you remember the last time we were sitting here was two years ago, and all my questions were about getting your people back into the office? Brian Millham Th ...

Advanced Micro Devices, Inc. (NASDAQ:AMD) Barclays 22nd Annual Global Technology Conference December 12, 2024 2:00 PM ET Company Participants Jean Hu - CFO and Treasurer Conference Call Participants Tom O'Malley - Barclays Tom O'Malley All right. Welcome back to the Barclays Tech Conference. I'm Tom O'Malley, Semiconductor and Semi Cap Equipment Analyst here at Barclays. Pleased to have Jean Hu, CFO and Treasurer of AMD. Thank you for being here. And thank you for being a staple here for the last couple of ...

SentinelOne, Inc. (NYSE:S) Barclays 22nd Annual Global Technology Conference December 12, 2024 1:25 PM ET Company Participants Tomer Weingarten - Co-Founder and Chief Executive Officer Doug Clark - Vice President, Investor Relations Conference Call Participants Saket Kalia - Barclays Saket Kalia All right. Hi, good morning, everyone. Welcome to Day Two of the Barclays Tech Conference. My name is Saket Kalia. I cover software here at Barclays. I'm honored to have with us the team from SentinelOne. We've got ...

Company and Industry Overview * **Company**: Qorvo, Inc. (NASDAQ: QRVO) * **Industry**: Semiconductor and Semicap Equipment * **Event**: Barclays 22nd Annual Global Technology Conference, December 12, 2024 * **Participants**: Grant Brown (CFO), Dave Fullwood (SVP, Sales and Marketing), Philip Chesley (President, High Performance Analog & Senior VP) Key Points Business Segments and Growth * **ACG (Analog Components Group)**: * Strong position with largest customer, driving content gains over multiple years. * Shift from mid-tier 5G to entry-tier 5G in Android business, focusing on flagship and premium tiers. * Growth expected in mid-teens. * **HPA (High Performance Analog)**: * Expansion in defense and aerospace franchise, particularly in power management. * Growth expected in mid-teens. * **CSG (Custom Solutions Group)**: * Strength in Wi-Fi, investing in diversifying growth businesses like automotive solutions and SoCs for ultra-wideband and Matter. * Growth expected in mid-teens. * **Overall Strategy**: * Reinvest cash flows into attractive opportunities and focus on profitability. * Reduce capital intensity and deliver on long-term financial model. * Execute share repurchase and evaluate inorganic growth through acquisitions. Large Customer and Content Growth * Largest customer accounts for over 50% of total revenue and expected to remain at that level. * Secured sufficient wins for year-over-year content growth in 2025. * Investing to grow content further, engaging on more product programs than ever before. Financials and Margin Improvement * Gross margin headwinds in December and March quarters due to Android mix shift and utilization. * Actions taken to improve gross margin, including: * Removing variable costs. * Reducing fixed costs through capital intensity reduction and workforce reduction. * Adjusting Android roadmap to align with flagship and premium tiers. * Reducing digital transformation spend. * Divesting Silicon Carbide business. * Targeting 50% gross margin by fiscal year 2026. * Actions expected to take out over $100 million of COGS and OpEx annually. Growth Focus Areas * **HPA**: * D&A (Distributed Antenna Systems) and Power Management. * Growth driven by technology upgrades, electronic warfare, and communication and SATCOM segments. * Targeting $1 billion in D&A revenue by fiscal year 2026. * **CSG**: * Ultra-wideband, Matter over Thread, Wi-Fi 7, forward sensing, and automotive connectivity. * Multiyear drivers expected to deliver mid to high teen growth rate. Manufacturing and Security * Significant overlap in production facilities between HPA and CSG, benefiting from economies of scale. * Qorvo has assets located in the United States, providing a competitive advantage in the defense and aerospace markets. * Qorvo is a U.S. Trusted Foundry, ensuring security infrastructure and capability for sensitive information.

Intel Corporation (NASDAQ:INTC) Barclays 22nd Annual Global Technology Conference December 12, 2024 11:40 AM ET Company Participants Michelle Johnston Holthaus - Interim co-CEO David Zinsner - co-CEO, EVP and CFO Conference Call Participants Thomas O'Malley - Barclays Thomas O'Malley All right. Welcome back to the Barclays Tech Conference, I'm Tom O'Malley, Semiconductor and Semi-Cap Equipment Analyst here at Barclays. Before I introduce our guests, I just need to read an opening statement. So before we be ...