Joe Moore's questions to SEMTECH (SMTC) leadership • Q2 2026
Question
Joe Moore of Morgan Stanley asked for more details on the CopperEdge outlook, including confidence in broader adoption and the types of projects underway with hyperscale customers. He also questioned if there were any supply constraints for 1.6T products.
Answer
CEO Hong Ho stated that CopperEdge is seeing strong traction with over 20 ecosystem customers for both scale-up and scale-out applications, with high-volume ramps at hyperscalers expected in Q4 2025 or early 2026. For 1.6T products, he clarified that significant volume demand is not expected until 2026, aligned with switch availability, and confirmed Semtech is not currently facing any supply constraints.