Question · Q3 2025
Luke Young with Robert W. Baird & Co. asked about the sequential and year-over-year performance of the Powersemi business, including its outlook, book-to-bill ratio, and expected margin flow-through.
Answer
President and CEO Greg Henderson emphasized Powersemi's strategic importance and ongoing efforts to improve internal execution and go-to-market strategy. EVP and CFO Abhi Khandelwal confirmed sequential improvement in Q3 2025 compared to Q2 2025, despite a year-over-year decline. Luke Young also inquired about the $0.40 stock compensation impact in Q4 2025. Abhi Khandelwal clarified this was primarily due to variable compensation resetting to target after no payout in 2024, expecting normalization in 2026. Finally, Luke Young asked for an update on data center initiatives, including near-term opportunities and progress on future architectures. Greg Henderson highlighted strong momentum, early success from sales realignment, and a more than 2x increase in year-to-date design wins, contributing meaningfully to current revenue growth.