Management remarks
Call period: 2027 Q1 · 2026-07-29
Guidance: Jason Child: We expect our non-GAAP operating expense to be approximately $780 million and our non-GAAP EPS to be $0.47, plus or minus $0.04.Demand and orders: Rene Haas: Initial product has now been delivered to multiple customers, and we have secured the manufacturing capacity needed to support the $1 billion opportunity we outlined last quarter across fiscal 2027 and fiscal 2028. Demand now exceeds $2 billion as we continue to add new customers, including multiple customers in the U.S.Margins: Jason Child: Non-GAAP operating income was $531 million, resulting in a non-GAAP operating margin of about 41%, up 200 basis points year-on-year.Analyst Q&A
Analyst Joseph Quatrochi asked: Maybe just first, can you give us a little bit more detail on just the confidence that's increased in terms of the upside to the $1 billion for AGI revenue? Management Rene Haas answered: I think in general, it's all of the above. If we -- if I look back to the call we had 90 days ago, we had committed to supply of $1 billion. We talked about a pipeline demand of $2 billion, and we were working to secure supply for that delta between $1 billion and $2 billion. 90 days later, the demand picture has even gotten better, as Jason mentioned, north of $2 billion. But our ability to secure that supply for the north of $1 billion, our confidence has increased in the last 90 days.管理层陈述
电话会期间：2027 Q1 · 2026-07-29
指引：贾森·蔡尔德表示：我们预计非GAAP营业费用约为7.8亿美元，非GAAP每股收益为0.47美元，上下浮动0.04美元。需求与订单：雷内·哈斯表示：我们已向多家客户交付首款产品，并且获得了所需的制造产能，以支持我们上季度披露的2027财年和2028财年共计10亿美元的市场机遇。目前需求规模已超过20亿美元，我们还在持续拓展新客户，包括美国的多家客户。利润率：贾森·蔡尔德表示：非GAAP营业利润为5.31亿美元，非GAAP营业利润率约为41%，同比增加200个基点。分析师问答
分析师约瑟夫·夸特罗基：首先能否请您详细说明一下，对于AGI收入达到10亿美元的上行空间，你们提升了多少信心？管理层成员勒内·哈斯：我认为总体而言是多方面的。回顾90天前的电话会议，我们当时承诺供应规模可达10亿美元，彼时提到的管道需求为20亿美元，正努力为10亿至20亿美元之间的差额确保供应。90天后，正如杰森所言，需求情况甚至更好，超过20亿美元，但我们为超过10亿美元的部分确保供应的能力，我们在过去90天里的信心有所提升。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。
