Total Revenue (Q1 2026)

Not explicitly compared numerically, current value: $85,872K "

Total revenue of $85,872K in Q1 2026 reflects continuity in market demand possibly buoyed by earlier period momentum. Although no prior Q1 revenue number was provided, the sustained sales activity indicates that favorable market conditions and likely expanded customer adoption observed previously continue to drive top‐line growth. "

Operating Cash Flow

Improved from –$37,932K in Q1 2025 to +$14,801K in Q1 2026 " "

Operating cash flow turning positive is likely due to improved underlying operational performance—including lower net losses adjusted for non-cash items and beneficial working capital changes—which built on the corrective actions observed in prior periods that helped reverse earlier cash flow deficits. " "

Gross Profit / Operating Loss / Net Loss

Not directly expressed as a YoY percentage change; current Q1 2026: Gross Profit $51,536K; Operating Loss ($25,858K); Net Loss ($24,328K) "

Healthy gross profit of $51,536K contrasts with sizeable operating and net losses in Q1 2026, indicating that while the company is achieving robust revenue generation at the top-line, underlying expenses (such as R&D, SG&A, and other operating costs) remain high. This pattern, when viewed in light of prior periods, suggests that cost management continues to be a challenge. "

Total Assets

Increased approximately 10% YoY, from $638,660K in Q1 2025 to $701,918K in Q1 2026 " "

Total assets grew by about 10% mainly driven by the expansion of current assets—including higher investments in marketable debt securities and rising receivables—as established in previous periods. This continued asset accumulation underlines the company’s ongoing strategy of enhancing liquidity and supporting future growth. " "

Total Liabilities

Surged by about 55% YoY, from $83,235K in Q1 2025 to $129,202K in Q1 2026 " "

Total liabilities jumped by around 55%, a change that appears to be driven by increased current liabilities such as accrued expenses and deferred revenue, echoing past trends where funds from customer cash advances and higher project-related costs contributed to upward pressure on liabilities. " "

Marketable Debt Securities

Increased from $105,643K in Q4 2025 to $118,102K in Q1 2026 (an increase of over 5%) " "

The more than 5% increase in marketable debt securities indicates that the company is maintaining an aggressive liquidity management strategy, further investing in attractive debt instruments amid a favorable interest rate environment—a trend that accelerated from prior periods. " "

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.