🎙️ Transcripts — Post Mkt — Aug 18, 2026

FN (-19.4% post mkt. $598.58→$482.59).

• Results:

• Revenue: $1.316B (cons $1.27B), +3.6% beat; +45% YoY
• Data center: $669M (+68% YoY, 51% of total)
• Communications infra: $413M (+40%)
• Auto/industrial/other: $234M (+8%)
• OP: $143.4M non-GAAP (10.9% margin, highest in 3 years)
• EPS: $4.12 (cons $3.98), +3.5% beat

• Guidance:

• Next quarter: Rev $1.35B (cons $1.28B), EPS $4.35 (cons $4.10)
• Full year: raised to $5.3B (from $5.1B), +4% vs cons

• Capex:

• CY26: raised from $500M → $560M midpt
• CY27: capex to rise with AI datacenter capacity

• Key Q&A:

• Q (analyst): Is the -19% drop justified given the beat?

A: management noted AI datacenter demand remains robust; the pullback reflects valuation reset after a strong run

• Q (analyst): Data center mix sustainability

A: DC now 51% of revenue, expect 55%+ by year-end