Kevin Garrigan

Answer

CEO Omer David Keilaf clarified that the development work began ahead of a final contract because the OEM's RFQ process took longer than anticipated, and the 2027 SOP date is fixed, a situation similar to their past experience with Volkswagen. Regarding market dynamics, Keilaf stated that while the entire autonomous driving sector is experiencing a resurgence, he does not see a direct correlation where Level 4 robotaxi progress is accelerating Level 3 timelines, as they are typically pursued by different types of companies (commercial vs. traditional OEMs).

Ask Fintool Equity Research AI

Answer

CEO Omer Keilaf reported that for the VW program, Innoviz is approaching the C sample phase, having already achieved the critical design and point cloud freeze milestones. The final step is completing production validation. Regarding BMW China, Keilaf emphasized the superior quality and reliability of Innoviz's LiDAR for Level 3 systems, which he believes provides a substantially better and safer user experience compared to competitors.

Ask Fintool Equity Research AI

Answer

CEO Angus Pacala attributed the FIFA win to the superior accuracy of the BlueCity solution, which is powered by advanced AI algorithms trained on a massive proprietary dataset. He explained that Ouster's distribution strategy is tailored by vertical, utilizing a distributor-integrator model for smart infrastructure and security, while maintaining direct sales relationships with large enterprise customers in the industrial and automotive sectors.

Ask Fintool Equity Research AI

Answer

CEO Angus Pacala noted that while early industry expectations were too high, Ouster is now tracking to its long-term growth model, with advancements in AI and edge computing providing positive tailwinds. Interim CFO Chen Geng stated that the company has not seen significant business disruption from tariffs, as the value proposition of its solutions remains strong, and they are confident in their ability to execute their business plan.

Ask Fintool Equity Research AI

Answer

CFO John Markovich stated the retention rate is over 90% for the last four quarters. CEO Alan Baratz added that they have two customer types: 'do-it-yourself' users and larger enterprises engaged through professional services on multi-application roadmaps. He noted the Quantum Launchpad program helps convert DIY users to more structured, value-driven projects.

Ask Fintool Equity Research AI

Answer

CEO & Chairman Niccolo de Masi stated that the company's "north star" is to lead in the complete quantum internet—from sensors to computers to networks—and they will continue to evaluate opportunities to accelerate their roadmap. Speaking more broadly on AI, he pointed to existing successes in industrial AI and drug discovery as examples of quantum machine learning, emphasizing that IonQ partners with industry leaders like NVIDIA and AWS to deliver end-to-end solutions and is expanding into verticals like financial services.

Ask Fintool Equity Research AI

Answer

CEO K. Charles Janac clarified that AMD is not disbanding its internal team but will use Arteris FlexGen for non-coherent applications alongside its own Infinity Fabric. He added that the numerous FlexGen evaluations are expected to result in sales starting in the second half of the year. CFO Nick Hawkins noted that the public validation from a major company like AMD will help accelerate other customer decisions.

Ask Fintool Equity Research AI

Answer

CEO Karel Janac stated that while customers are trying to accelerate their own design cycles, the company's licensing activity shows steady growth rather than faster deal closures. He noted the outsourcing trend is driven by the complexity of next-generation designs. CFO Nicholas Hawkins added that economic pressures and a scarcity of qualified hardware engineers are key factors pushing customers toward commercial IP. Regarding the Intel partnership, Mr. Janac expressed optimism that it will result in additional business over the next 12 months, citing Intel's increased openness to commercial IP solutions.

Ask Fintool Equity Research AI

Answer

Executive Karel Janac confirmed that Arteris is on track for the $1 million ASP target on complex SoCs, noting they are already securing deals at that level. However, he clarified that the recent expansion into the microcontroller market will involve lower ASPs, which should be considered separately. Regarding MCUs, Janac explained the design dynamic is different; while major vendors start new generations every three years, they may then design 6-15 different MCUs in a very short timeframe within that generation.

Ask Fintool Equity Research AI

Answer

CEO Karel Janac responded that design activity is robust globally, not just in China, as companies are designing chips for future models like the 2030 automotive year. He confirmed that microcontroller ASPs are lower, but this is offset by very high royalty volumes and numerous designs, with a strategy to capture entire product generations. Regarding NoC tiling, Mr. Janac noted it's a new product developed at the request of AI customers, with significant interest, but revenue impact is expected next year. CFO Nicholas Hawkins added that Arteris has prior, successful experience in the MCU space with substantial royalty streams.

Ask Fintool Equity Research AI

Answer

CEO Ford Tamer detailed the AI revenue mix, projecting it to reach the mid-20s as a percentage of revenue in 2026, with a split between companionship roles (55%) and on-chip AI (45%). He attributed the design win success to a 'single-minded focus on small and mid-range FPGAs,' positioning Lattice as a non-competing 'companionship' solution for 'Far Edge AI' applications.

Ask Fintool Equity Research AI

Answer

CEO Fouad Tamer and CFO Lorenzo A. Flores indicated that while the Industrial segment is broad, areas like aerospace, defense, and medical are growing faster. Tamer explained that in Industrial applications, Lattice FPGAs can play a larger AI role—sometimes as the main processing element for tiny AI models or for preprocessing—compared to their typical companion-chip function in data centers.

Ask Fintool Equity Research AI

Answer

CEO Fouad Tamer indicated that while the Industrial segment is broad, they are seeing faster growth in areas like aerospace, defense, and medical. He explained that in Industrial AI, Lattice FPGAs can play a more significant role as the main processing element for tiny AI models, unlike their supporting function in data centers. This is due to the performance, low latency, and deterministic attributes of FPGAs in smaller IoT and monitoring applications.

Ask Fintool Equity Research AI

Answer

Executive Robert Daigle explained that further cost reductions are being pursued through supply chain management and footprint optimization. He confirmed that the automotive market remains soft, which is reflected in the company's guidance, and noted the strategic pivot towards driving organic growth. Daigle also highlighted that demand from advanced packaging has been strengthening for several quarters, driven by OSATs supporting AI data centers, and he anticipates that AI moving to the edge will further boost equipment volumes.

Ask Fintool Equity Research AI

Answer

The new win is crucial as it leverages lessons from the prior GM program, making the company more competitive for future RFPs. The StudioViz platform was developed proactively based on past experience to streamline development for all customers, rather than waiting for them to ask. The NHTSA ruling is seen as a major tailwind for the LiDAR industry, validating the need for advanced safety technology.

Ask Fintool Equity Research AI

Answer

The company confirmed the RFQs are for passenger vehicles. They also stated that Koito's proposal is viewed as a positive by OEMs, as it addresses concerns about the long-term viability of LiDAR companies and strengthens the Cepton-Koito partnership.

Ask Fintool Equity Research AI