Management remarks
Call period: 2026 Q2 · 2026-08-04
Guidance: Jitendra Mohan: Scorpio X-Series is in volume production, and we expect our Scorpio family to become our largest product category by revenue in Q3, a significant milestone in our evolution as a company.Demand and orders: Desmond Lynch: At the midpoint, this represents 40% sequential growth driven by the transition of Scorpio X-Series to volume production, continued strength in Aries PCIe 6.0 retimers, and pre-production shipments of Taurus solutions supporting 100 gigabits per lane for 800-gigabit Ethernet.Margins: Desmond Lynch: We expect third quarter non-GAAP gross margin to be approximately 72%.Analyst Q&A
Analyst Harlan Sur asked: It's great to see the volume production ramp of your Scorpio X scale-up fabric switching solutions here in the third quarter. I think in the press release you said that Scorpio X ramp would be led by your newer 320-lane products. I think that's with one hyperscaler customer, right? Management Sanjay Gajendra answered: First, the Scorpio X-Series has been gaining tremendous amount of interest in the market. We have started shipping the parts for pre-production for multiple customers starting this quarter. We do expect Q3 at least for our lead opportunity and lead customer to ramp to high-volume production in Q3 and essentially taking over, or surpassing the revenue from Scorpio P-Series. Which should give you an idea of the value that we bring in scale-up use cases. We do expect to ship to revenue for additional customers on Scorpio X by end of the year.管理层陈述
电话会期间：2026 Q2 · 2026-08-04
指引：吉滕德拉·莫汉称：Scorpio X系列已实现批量生产，我们预计Scorpio系列将在第三季度成为公司收入最大的产品类别，这是公司发展历程中的一个重要里程碑。需求与订单：德斯蒙德·林奇称：从中点来看，这代表40%的环比增长，驱动因素包括Scorpio X系列转向批量生产、Aries PCIe 6.0重定时器持续表现强劲，以及支持800吉比特以太网的每通道100吉比特Taurus解决方案的预生产出货量。利润率：德斯蒙德·林奇称：我们预计第三季度非GAAP毛利率约为72%。分析师问答
分析师哈兰·瑟尔：很高兴看到第三季度你们的Scorpio X可扩展结构交换解决方案量产爬坡，据新闻稿称其爬坡由新款320通道产品主导，该产品仅服务一家超大规模云服务商，对吗？管理层桑杰·加金德拉：首先，Scorpio X系列市场关注度极高，本季度已开始向多家客户交付预生产部件。我们预计核心客户的订单将在第三季度实现大规模量产，收入将超过Scorpio P系列，这体现了我们在可扩展用例中的价值，且今年年底前将向更多客户交付创收产品。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
