Ardelyx (NasdaqGM:ARDX) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker4Welcome to the Ardelyx fourth quarter 2025 earnings conference. All participants will be in a listen-only mode. I would now like to turn the conference over to Caitlin Lowie, Vice President of Corporate Communications and Investor Relations. Caitlin, you may begin.Speaker0Thank you. Good afternoon, and welcome to our fourth quarter and full year 2025 financial results call. During this call, we will refer to the press releas ...

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $23.0 million, down from $28.0 million in Q3 2025 and $25.1 million in Q4 2024 [4] - Non-GAAP gross margin in Q4 was 21.5%, compared to 22.6% in Q3 2025 and 18.0% in Q4 2024 [5] - Non-GAAP operating loss in Q4 2025 was $2.6 million, an increase from a loss of $384,000 in Q3 2025 and a loss of $5.4 million in Q4 2024 [6][7] - Cash and investments increased by $97.2 million to $128.4 million as of December 31, primarily due to a public offering [9] Business Line Data and Key Metrics Changes - Revenue from Indium Phosphide was $8.0 million, primarily from data center applications, while Gallium Arsenide generated $7.0 million [4] - Revenue from consolidated raw material joint ventures was $7.6 million in Q4 [4] - The backlog for indium phosphide wafers reached over $60 million, indicating strong demand [16] Market Data and Key Metrics Changes - Revenue from Asia Pacific accounted for 81.5% of total revenue, Europe 17.5%, and North America 1% [4] - Revenue related to the data center market in China is expected to grow by more than 60% in Q1 2026 compared to Q4 2025 [18] Company Strategy and Development Direction - The company plans to list its subsidiary, Tongmei, on the STAR Market in Shanghai, focusing on the growing demand for indium phosphide substrates in AI infrastructure [10] - AXT is expanding its capacity, aiming to double it by the end of 2026, with a focus on six-inch indium phosphide products [19][53] - The company is actively engaging with customers to understand their long-term requirements and align expansion plans globally [19] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment over the number of export permits received in Q4 but noted improvements in Q1 [14] - The company expects sequential revenue growth in Q1, driven by indium phosphide demand for AI data centers [15] - The geopolitical environment is affecting the export permit process, which remains a significant gating factor for growth [23] Other Important Information - The company is focused on improving gross margins, controlling operating expenses, and reducing inventory [24] - The management highlighted the importance of maintaining efficiency in operations to meet growing demand [23] Q&A Session Summary Question: Revenue number for the quarter - The company confirmed a revenue number of approximately $26 million for Q1, with potential upside if more permits are received [31][32] Question: Licensing process insights - The licensing process has become less predictable, with some permits being denied but with instructions for resubmission [40][41] Question: Backlog and customer ordering patterns - Customers are placing longer-term orders, with forecasts extending beyond 2030, indicating strong demand [50] Question: Capacity additions and CapEx requirements - The company plans to double its capacity by the end of 2026, requiring approximately $30 million for the initial phase [53] Question: Demand and shipment capabilities - If permits were not a constraint, the company could potentially ship $20 million worth of indium phosphide, with expectations to increase to $35 million by year-end [90][91]

Alarm.com (NasdaqGS:ALRM) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker9Good day, and thank you for standing by. Welcome to the Alarm.com Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you'll need to press star one one on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your que ...

Savers Value Village (NYSE:SVV) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker8Good afternoon, and welcome to Savers Value Village conference call to discuss financial results for the fourth quarter ending January third, 2026. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session, and instructions will follow at that time. Please note that this call is being recorded, and a replay of this call and related materials will be available on the ...

Pulse Biosciences (NasdaqCM:PLSE) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker3Ladies and gentlemen, thank you for standing by. My name is Colby, and I'll be your conference operator today. At this time, I would like to welcome you to the Pulse Biosciences Q4 and full year 2025 earnings call. All lines have been placed on mute to prevent any background noise, and after the speakers' remarks, there will be a question-and-answer session. If you'd like to ask a question at that time, please pres ...

Akamai Technologies (NasdaqGS:AKAM) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker8Good day, and welcome to the Q4 2025 Akamai Technologies Inc earnings conference call. Today, all participants will be in a listen-only mode. Should you need assistance during today's call, please signal for a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone ...

Guardant Health (NasdaqGS:GH) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker15Good afternoon. Thank you for attending the Guardant Health Q4 2025 earnings call. My name is Cameron, and I'll be your moderator for today. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. If you would like to ask a question, please press star one on your telephone keypad. I would now like to pass the conference over to your host, Eric Hers ...

Financial Data and Key Metrics Changes - The company reported record revenue of $267 million for Q4 2025, representing a 22% increase from Q3 2025 [12] - Gross margin improved by approximately 50 basis points to 54.6% from Q3, while operating margins increased to 25.2%, up 410 basis points from the previous quarter [12] - For the full year 2025, total revenue reached $1,005 million, also a record for the company [12] Business Line Data and Key Metrics Changes - Advanced packaging and specialty devices generated approximately $145 million in Q4, accounting for slightly more than half of total revenue, with sales from the 2.5D packaging business doubling compared to Q3 [13] - Advanced nodes revenue more than doubled in 2025 to $308 million, driven by growth in both DRAM and logic, which together represent about 75% of the total [14] - Advanced packaging revenue is expected to grow over 30% in 2026, while power semiconductor revenue is anticipated to decline around 10% due to weakening demand for EVs [9][14] Market Data and Key Metrics Changes - The semiconductor capital equipment spending is projected to experience a powerful upcycle driven by AI investments, with NVIDIA forecasting a 40% CAGR for global AI infrastructure over the next five years [3] - Analysts project strong wafer fab equipment (WFE) growth in the range of 10%-20% in 2026, contingent on the availability of new clean room space [4] - The company has secured a volume purchase agreement valued at over $240 million from a customer covering metrology demand through 2027 [4] Company Strategy and Development Direction - The company is focused on expanding its technology portfolio to meet the surging demand for AI, with a strong emphasis on advanced packaging and advanced nodes [4][18] - The integration of Semilab is expected to enhance operational efficiency and contribute to revenue growth, despite anticipated challenges in the power semiconductor market [14][61] - The company aims to improve gross and operating margins consistently throughout 2026, leveraging increased production from extended factories [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning to outperform in 2026, citing a doubling of backlog over the last three months and strong customer demand [18] - The operational discipline and strategic investments are expected to create meaningful shareholder value, with a focus on managing supply chain challenges [18] - Management anticipates continued growth in advanced packaging and advanced nodes, with revenue expected to exceed $300 million in Q2 2026 [11][15] Other Important Information - The company adopted the One Big Beautiful Bill Tax Act, resulting in cash tax savings of $19 million in 2025 and an estimated $14 million in 2026 [14] - The company is transitioning to a calendar quarter and fiscal year-end of March 31, June 30, September 30, and December 31 [16] Q&A Session Summary Question: Market outlook for the year - Management expects advanced packaging to grow over 30% this year, with broad-based demand across various manufacturers [21] Question: Backlog and capacity for growth - The company is set up to serve a $2 billion run rate, with no significant capacity issues anticipated, although supply chain strains are being managed [24] Question: Expectations for advanced packaging growth - Advanced packaging revenue is expected to be stable throughout the year, with potential upside from the adoption of G5 technology [30] Question: Visibility in advanced nodes for the second half of the year - Advanced nodes are expected to grow in the mid-teens, with ongoing discussions around volume purchase agreements providing better insight into growth [33] Question: Contribution of Semilab to revenue - Semilab contributed approximately $9 million in Q4, with expectations for low hundreds to 110 million in revenue for 2026 [61] Question: Growth rates for CoWoS and HBM inspection businesses - Both segments are expected to grow at similar rates, with complexities in CoWoS potentially leading to higher capital intensity [51]

LegalZoom.com (NasdaqGS:LZ) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker8Good day, and thank you for standing by. Welcome to the LegalZoom's fourth quarter, 2025 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, we'll open up for questions. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please pr ...

Tandem Diabetes Care (NasdaqGM:TNDM) Q4 2025 Earnings call February 19, 2026 04:30 PM ET Speaker12Good day, and thank you for standing by. Welcome to the Tandem Diabetes Care Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is ...