Total Assets

Increased by ~10% (from 638,660k to 701,918k USD)

Total Assets grew as a result of higher current asset balances—including cash, accounts receivable, and inventories—which continue the upward trends observed in FY2025. This build‐up reflects strong operating cash flows and increasing sales, reinforcing the growth momentum seen in the previous period. " "

Total Liabilities

Increased by 55% (from 83,235k to 129,202k USD)

Total Liabilities surged due to a sharp rise in current liabilities such as accrued expenses and deferred revenue stemming from accelerated development projects and customer cash advances. This significant increase continues trends from FY2025, where similar factors such as nonrecurring engineering charges and increased product development costs drove up short-term liabilities. " "

Cash and Cash Equivalents

Increased by ~7% (from 131,810k to 141,285k USD)

The moderate gain in Cash and Cash Equivalents is attributable to improved operating cash generation and financing inflows. This was partially offset by activities such as share repurchases. The increase is a continuation of prior improvements in liquidity, even as the company manages its share repurchase programs. " "

Inventories

Increased by ~39% (from 28,325k to 39,289k USD)

Inventories saw a substantial jump, largely reflecting an intentional build‐up to meet the anticipated higher demand. This inventory increase follows earlier trends seen in FY2025, where higher finished goods and work‐in‐progress levels were observed due to increased production in response to growing order volumes. " " " "

Additional Paid-in Capital

Increased by ~16% (from 728,842k to 848,756k USD)

The rise in Additional Paid-in Capital is primarily driven by equity activities such as share issuances under employee equity plans and significant stock-based compensation expenses recorded in Q1 FY2026. This further builds on strong equity fundraising activities from FY2025. " "

Accounts Receivable

Increased by ~7% (from 28,299k to 30,235k USD)

A modest increase in Accounts Receivable reflects the continuation of higher sales levels and timing differences in collections observed in FY2025, where increased revenue led to greater outstanding receivables. The pattern persists in Q1 FY2026, indicating steady customer activity and credit cycles. " " " "

Revenue ($USD Millions)

Q2 2026

no prior guidance

$86M to $94M "

no prior guidance

Gross Margin (Non-GAAP, %)

Q2 2026

no prior guidance

60.5% to 62% "

no prior guidance

Operating Expenses (Non-GAAP, $USD Millions)

Q2 2026

no prior guidance

$52.5M to $55.5M "

no prior guidance

Net Interest and Other Income ($USD Millions)

Q2 2026

no prior guidance

$1.8M "

no prior guidance

Tax Expense (Non-GAAP, $USD Millions)

Q2 2026

no prior guidance

$0.8M "

no prior guidance

Diluted Share Count (Millions)

Q2 2026

no prior guidance

42.6M "

no prior guidance

Robust new product pipeline and innovation

Discussed consistently in Q2, Q3, and Q4 with focus on new product families (CV5, CV7, CV3-AD) and record AI revenue " " "

Emphasized in Q1 2026 with continued focus on edge AI strategy, new AI SoC product families, and expansion into edge infrastructure " "

Recurring emphasis with an added focus on leveraging AI for edge infrastructure and expanding market reach.

Advanced AI chip development and next‐generation technologies

Addressed across Q2, Q3 and Q4 with themes of 2‑nanometer development, Gen AI integration, and improved performance per watt " " "

Q1 2026 highlighted the development of a new AI SoC product family and the acceleration of a second AI chip for edge infrastructure " "

Consistent focus with an evolving strategic push toward AI infrastructure and incorporation of advanced technologies.

Expanding edge infrastructure opportunity for upgrading a massive legacy camera base

Not mentioned in Q2, Q3, or Q4 earnings calls

Introduced in Q1 2026 as a significant opportunity to upgrade a 1.2 billion camera installed base through edge solutions " "

New topic that emerged in Q1 2026, highlighting a strategic opportunity for legacy system upgrades.

IoT and automotive market dynamics with shifting sentiment

Recurring discussion in Q2, Q3, and Q4 focusing on strong IoT growth and mixed automotive performance with detailed segmental analysis " " "

In Q1 2026, IoT now accounts for about 75% of revenue with strong adoption while automotive shows robust YoY growth despite sequential declines "

Recurring topic with evolving sentiment: very positive for IoT, while automotive remains strong year‐over‐year but faces near‑term headwinds.

Geopolitical, tariff, and supply chain uncertainties

Discussed in detail in Q4 and Q3 (and mentioned in Q4 about China, tariffs, and policy risks) with caution on external factors " " "

Q1 2026 addressed ongoing geopolitical and tariff uncertainties with conservative guidance, noting no significant inventory buildup by customers " "

Consistently raised each period; sentiment remains cautious but stable across periods.

Declining legacy product margins and transition risks away from traditional video processors

Raised in Q2, Q3, and Q4 regarding a slow decline rate (10‑15% annually) and margin pressure from legacy product mix " " "

Not explicitly discussed in Q1 2026 earnings call

A recurring challenge that is now less emphasized in Q1 2026, suggesting a possible maturation of the transition strategy.

Execution risks in accelerated AI chip development

Not explicitly mentioned in Q2, Q3 or Q4 discussions regarding execution challenges

No specific reference to execution risks in Q1 2026, though fast development using existing architecture was noted "

This topic has not been a focal point in any period, indicating confidence in current execution capabilities.