Torres Vanberg

Torres Vanberg asked about the strong performance of the enterprise data and communications business, questioning if it was primarily tied to data center and cluster buildouts or other factors. He also inquired about any specific outliers in end market performance for the December quarter.

Answer

CEO Haviv Ilan confirmed that the strength in communications is largely tied to the data center market (wired comms, optical modules), which also includes parts of enterprise and industrial. He announced plans to break out data center as a market in Q1, noting it's currently a $1.2 billion run rate in 2025 and the fastest-growing market (>50% YTD). Head of Investor Relations Mike Beckman stated there were no specific outliers for Q4, with personal electronics being the most seasonally sensitive.

Torres Vanberg asked about the strong performance in the communications equipment business, questioning if it's tied to data center cluster buildouts or other factors. He also inquired about any specific outliers (positive or negative) by end markets for the December quarter.

Answer

CEO Haviv Ilan confirmed that data center revenue is currently split across enterprise, comms (wired comms, optical modules), and industrial, and announced plans to break out data center as a separate market in Q1 2026, noting it's a $1.2 billion run rate for 2025 and the fastest-growing market. Head of Investor Relations Mike Beckman stated there are no specific outliers to call out for Q4, with personal electronics being the most sensitive to seasonality.