Management remarks
Call period: 2026 Q2 · 2026-08-03
Guidance: Hassane El-Khoury: We now expect AI data center revenue to more than double in 2026, driven by stronger demand, further accelerated by broader customer wins and expanding content across the entire Power Tree.Margins: Thad Trent: Our non-GAAP gross margin is expected to be between 40% and 42%, which includes share-based compensation of $8 million. This represents a significant step-up function increase as we realize the benefit of increasing utilization since the start of the year.Analyst Q&A
Analyst Quinn Bolton asked: I guess maybe just following up on that sort of guide. Other was up $100 million sequentially. It looks like it will be up several tens of millions. But the third quarter guide, that certainly implies a pretty healthy AI data center business. I know you guys are saying it's going to more than double, but is it going to be significantly higher than the previous $500 million target you talked about last quarter? Management Hassane El-Khoury answered: But I mean, the fact that we started with not disclosing to doubling now more than doubling, I would just say, highlights of the momentum we are gaining, which is not a surprise. We've always said the AI data center is coming in exactly where our technology is the most competitive. and we're going to win on our technology -- on the baseline of our technology, and that's what you're seeing. We're not breaking it out beyond that at this point, but we are seeing momentum, we're seeing strength. And like you said, it is sustained strength.管理层陈述
电话会期间：2026 Q2 · 2026-08-03
指引：哈萨内·埃尔胡里：我们预计2026年人工智能数据中心收入将增长一倍以上，这一增长由更强的需求推动，更因更广泛的客户斩获以及整个电力树的内容拓展而加速。利润率：萨德·特伦特：我们预计非GAAP毛利率将介于40%至42%之间，其中包含800万美元的股权激励费用。这代表着自今年年初以来，随着我们释放产能利用率提升的效益，毛利率实现了显著的阶梯式增长。分析师问答
分析师奎因·博尔顿：我想跟进相关指引，其他业务环比增长1亿美元，预计还将增长数千万。第三季度的指引显示人工智能数据中心业务强劲，你们称其营收将同比增长一倍以上，这是否会显著高于上季度提及的5亿美元此前目标？管理层哈萨尼·埃尔胡里：从最初不披露到如今增长一倍以上，这体现了我们的增长势头，我们一直表示人工智能数据中心业务是我们技术最具竞争力的领域，将凭技术赢得订单，目前不会拆分该业务数据，但增长势头强劲且持续。This earnings 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.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
