Management remarks
Call period: 2026 Q4 · 2026-08-12
Guidance: James Robert Anderson: Having achieved our first $2 billion revenue quarter, we now expect to achieve our first quarter with over $3 billion of revenue by the end of fiscal 27.Demand and orders: Sherri R. Luther: Fourth quarter revenue was a record $2.05 billion, up 13% sequentially and 34% year over year, driven by growth in AI data center and communications demand.Margins: Sherri R. Luther: We delivered record revenue of $7.12 billion, expanded gross margin by over 150 basis points, increased operating margin by nearly 300 basis points, and grew non GAAP earnings per share by 59% significantly faster than revenue growth.Analyst Q&A
Analyst Karl Ackerman asked: I have 2, if I may. First question, Jim, you spoke about quarterly revenue exceeding $3 billion by the end of fiscal 27, which is quite robust. Could you unpack that a bit and describe how much of that is an uplift from perhaps 1.6T transceivers? Management James Robert Anderson answered: We expect some improvement in industrial but it is really the bulk of that is driven by data center and communications given that is 80% of our revenue. And then within that, I would say, certainly, transceivers is a big driver of that. You know, we have got 800G is still growing very robustly on a year over year basis, and then 1.6T is ramping incredibly fast. In fact, we have seen the 1.6T ramp only the pull in be stronger, demand increase, and so that ramp is even faster than what we thought say, 3 months ago.管理层陈述
电话会期间：2026 Q4 · 2026-08-12
指引：詹姆斯·罗伯特·安德森：我们已实现首个营收20亿美元的季度，现在预计在27财年末前实现首个营收超30亿美元的季度。需求与订单：谢丽·R·卢瑟：第四季度营收达创纪录的20.5亿美元，环比增长13%、同比增长34%，这得益于人工智能数据中心和通信需求的增长。利润率：谢丽·R·卢瑟：我们实现了创纪录的71.2亿美元营收，毛利率扩大逾150个基点，营业利润率提升近300个基点，非GAAP每股收益增长59%，增速远高于营收增速。分析师问答
分析师卡尔·阿克曼提问：吉姆，你提到27财年末季度营收将超过30亿美元，这相当强劲。能否详细说明其中有多少来自1.6T收发器的增长带动？ 管理层詹姆斯·罗伯特·安德森回答：我们预计工业领域业务会有一定改善，但营收增长主要由数据中心和通信业务推动，这部分占总营收的80%。其中收发器业务是主要驱动力，800G产品同比增长依然强劲，1.6T产品量产速度极快，其需求增长超出预期，量产速度比3个月前的预判更快。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。
