Chips & Hardware
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Chips & Hardware coverage, page 2
AmpliTech Cuts Titan Crest Deal to $7M Days After Pulling Its $50 Million FY2026 Revenue Target
The Nasdaq-listed RF and microwave maker used a Monday release to recap a price cut on its 5G ORAN asset purchase and lay out a backlog and margin roadmap. It followed a Thursday earnings call on which management declined to reaffirm the FY2026 revenue figure it had restated as recently as May, the design package it is paying for has still not been validated for production, and the RFP it highlights has not been awarded.
Coherent Begins Sampling 300mm Silicon Carbide Thermal Substrates to Unnamed AI Semiconductor Partners
Monday's 4:05 p.m. Eastern announcement moves the 300mm silicon carbide platform "from internal development to customer evaluation," in Coherent's own words. It is a milestone in a qualification process, not an order, and it carries no customer, no volume and no timeline.
Semtech Is Selling Its Cellular Module Business For $62 Million. The Release Does Not Say How Big It Is.
Semtech (Nasdaq: SMTC) signed a definitive agreement on Aug. 13 to sell its cellular module business to Taiwan's Compal Electronics (TWSE: 2324) for $62 million in cash. The announcement discloses no revenue, no gain or loss and no headcount for the unit, and the 8-K index shows the report filed under Item 8.01 with the press release as its only substantive exhibit.
POET Technologies Booked $569,925 of Revenue and a $50 Million Purchase Order in the Same Quarter
The Toronto-based photonics company reported second-quarter revenue of $569,925 on August 13 and recapped, in the same release, an initial $50 million order from Lumilens that it first announced on May 14. Neither release says whether that order is binding or cancellable, or over what period any of it would be recognised as revenue.
Fabrinet Monday, Analog Devices Wednesday: the week the AI hardware trade gets audited from the supply side
Fabrinet reports fiscal fourth-quarter results after Monday's close against its own guidance of $1.25bn to $1.29bn, with Nvidia and Cisco alone accounting for 45.8% of fiscal 2025 revenue. Analog Devices follows Wednesday morning carrying a very different signal: an industrial book that grew 56% year over year while automotive grew 2%.
AAOI Closes Up 15.5% and Lumentum Up 5.2% in an Optics Rally No One Covering It Could Source
The reporter closest to Friday's move in AI interconnect names wrote that he could not verify a same-day catalyst, and neither could we. What the group did have: three earnings reports in the prior eight sessions and an FCC proposal that is still a draft.
JPMorgan's $2,250 Target on SanDisk Is Still Below the Stock's Own 52-Week High
Harlan Sur resumed coverage of SanDisk at Overweight on Friday and the stock added another 7%. The number he is underwriting is an EPS line, not a revenue line.
Applied Materials Beat, Raised, and Sold Off: The Flat Gross Margin Inside a Record Quarter
Applied Materials posted record fiscal Q3 revenue of $9.115 billion and guided fourth-quarter revenue roughly $700 million above consensus, then fell in extended trading. The guide holds non-GAAP gross margin flat at 50.4% on a 12% sequential revenue increase — management's ramp costs, in one number.
Sandisk Puts a Number on the NAND Shortage, and the Memory Tape Reprices Again
Sandisk closed Thursday up 13.7% after an investor day that laid out margin targets through fiscal 2030 and a book of long-term supply agreements. Micron rose 4.2%. The rally is built on a supply forecast that management says stays tight into 2028 — a forecast, not a booking.
Cerebras closed up 12%, then gave it back after hours as two versions of its revenue diverged
The wafer-scale AI chipmaker reported $180.1 million of GAAP revenue and $209.9 million of what it calls core revenue for the second quarter. The $30 million gap, most of it a non-cash customer warrant charge, is why the same print looked like a beat and a miss at the same time.
Applied Materials reports Thursday with options pricing a 10% swing
The equipment maker guided fiscal third-quarter revenue to $8.95 billion give or take $500 million. Options traders are positioning for a double-digit move, and the smaller names in the wafer-fab equipment chain will trade off whatever the company says about 2027 spending.
Applied Optoelectronics books a record quarter and says AI optics demand will outrun its factories into 2027
Datacentre revenue more than doubled and the optics maker guided to a sharply higher third quarter, but GAAP gross margin still went backwards as the company spent to add capacity.
Quantum Goes Vertical: IonQ's $1.8 Billion SkyWater Deal Puts a U.S. Chip Foundry Inside a Quantum Company
The completed acquisition of the largest exclusively U.S.-based semiconductor foundry marks a new phase in which quantum players are buying — or building — their own hardware supply chains.
Quantum Computing Inc.'s Chip Bet Comes Into Focus: $5.6 Million in Photonics Revenue, Sold at a Loss
QUBT's second-quarter report showed a 91-fold revenue jump built on photonic chips and three semiconductor acquisitions — and a negative gross margin that shows how expensive it is to become a quantum chipmaker.