Stacy (Analyst)'s questions to Semtech Corp (SMTC) leadership • Q4 2025
Question
Stacy, on for Craig Ellis, asked how a competitor being placed on the entity list has materialized in lifting the Sierra business and its strategic impact. She also inquired about the design cycle length for onboard solutions and the potential longevity of those AI server sockets.
Answer
President and CEO Hong Hou stated that the competitor being placed on the 126H list has directly translated into a significant increase in design wins, as customers seek alternatives for certain applications. He expects these wins to convert to bookings throughout the year. Regarding design cycles, he explained that onboard solutions typically have a shorter cycle of 6 to 18 months because end customers often handle the design directly, rather than going through a third-party supplier.