Tyler Bomba's questions to Semtech Corp (SMTC) leadership • Q4 2025
Question
Tyler Bomba, on for Tristan Gerra, asked for an update on LoRa inventory levels and the timing of the Mercedes factory ramp. He also inquired about medium-term opportunities for Linear Pluggable Optics (LPO) in the data center.
Answer
Executive Mark Lin confirmed that channel inventories, including for LoRa, are monitored and aligned with expected demand, and noted the Mercedes deployment has already occurred. President and CEO Hong Hou explained that near-term LPO opportunities are primarily in 800-gig applications, where Semtech provides both TIA and laser driver solutions. For 1.6T, he noted the industry focus is more on Linear Receive Optics (LRO), where Semtech supplies the TIA component.