Rich Schafer's questions to SEMTECH (SMTC) leadership • Q2 2026
Question
Rich Schafer from Oppenheimer asked for the outlook on the Tri-Edge (PAM4) business, given the industry's shift to 100G and 200G lanes, and questioned its potential as a future growth driver for Semtech.
Answer
CEO Hong Ho explained that Tri-Edge is currently used in 400G Active Optical Cables (AOCs) and is forecasted to ramp with a major U.S. CSP. The company plans to develop a 200G per lane Tri-Edge product, positioning it as a low-power, low-cost alternative to DSPs for the 1.6T transceiver market. He noted that capturing even 5-10% of this market would represent a significant opportunity.