Management remarks
Call period: 2026 Q2 · 2026-07-28
Guidance: Edward Schlesinger: In the third quarter, we expect sales to grow approximately 16% year-over-year to a range of $4.9 billion to $5 billion and core EPS to grow approximately 28% year-over-year to a range of $0.85 to $0.89.Demand and orders: Edward Schlesinger: Sales in Enterprise grew 65% year-over-year, driven by continued strong demand for our Gen AI innovations and our orders are accelerating.Margins: Edward Schlesinger: You can expect us to continue to run at or above 20% operating margin even as we continue to invest to capture all of the growth.Analyst Q&A
Analyst Mehdi Hosseini asked: Sorry to interrupt you. So the $10 billion baseline assumption does include some of the opportunities highlighting the yellow color on Slide 26. But there could be upside or this is just based on the assumption, we don't know the slope of the adoption? Management Wendell Weeks answered: Yes, a lot that depends -- the biggest driver here is going to be, if you're on the right question, which is what percent of the ports are optical, right? And then how successful is optical Scale-Up in AI factories. And that dynamic you're just seeing you're going to have 2 parts to Scale-Up, which is why we pay such close attention to it, which is both the dramatic increase in our enterprise products, as well as the dramatic increase in our inside-the-box or photonics products.管理层陈述
电话会期间：2026 Q2 · 2026-07-28
指引：爱德华·施莱辛格表示，第三季度我们预计销售额同比增长约16%，区间为49亿至50亿美元，核心每股收益同比增长约28%，区间为0.85至0.89美元需求与订单：爱德华·施莱辛格：企业业务销售额同比增长65%，得益于我们生成式AI创新产品的需求持续强劲，且订单正在加速增长利润率：爱德华·施莱辛格：即便我们持续投资以把握所有增长机遇，我们仍有望将营业利润率维持在20%或更高水平分析师问答
分析师梅迪·侯赛尼提问：100亿美元的基线假设包含幻灯片26中标黄的部分机遇，但这是否存在上行空间，还是仅基于假设，我们不清楚该业务的应用增长速度？管理层温德尔·威克斯回应：是的，这很大程度上取决于最大驱动因素：一是光端口的占比，二是AI工厂中的光模块Scale-Up业务的成功程度。该业务分为两部分，这也是我们高度关注它的原因：企业产品大幅增长，以及盒内产品或光子学产品的大幅增长。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。
