Question · Q4 2025
Tom Disley inquired about the observed strength and improvements in the NAND market and the expectations for seasonality post-Chinese New Year, as well as the linearity of orders for fiscal year 2026.
Answer
Lester Wong, Interim CEO and CFO, highlighted very high utilization rates in memory (over 80%, specifically 82-83%) and increasing purchase orders, particularly in China where utilization is close to 90%. He anticipated more linearity in orders throughout fiscal year 2026, with orders already being received for Q2, and did not expect a significant uptick immediately after Chinese New Year.
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