The company’s latest financial performance reflects improved conditions across all end markets, including automotive, industrial, and compute sectors. Interim CEO and CFO Lester Wong noted that the firm is actively managing production requirements to meet this evolving market demand. Operating margins also saw a healthy expansion, reaching 20.7% on a GAAP basis, while non-GAAP net income climbed to $64.2 million.
Looking ahead, management projects continued momentum with fourth-quarter revenue expected to hit approximately $375 million. To support this trajectory, the company remains on track to complete its expanded Advanced Solutions production facility in the second half of fiscal 2027. Despite broader macroeconomic headwinds, the firm continues to prioritize operational efficiency and alignment with long-term industry transitions.
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