Shares plunged 29.7% following the release, driven by a cautious outlook and indications of margin pressure despite reported revenue growth and constructive customer partnerships.
- Reported Q2 revenue grew 26% year-over-year to $1.9 billion, with gains across all end markets.
- EPS improved to $0.70, attributed to higher utilization levels rising from the 50s into the 70s percentile range.
- Management highlighted record revenue in Computing and Automotive Industrial segments, alongside continued recovery in Consumer.
- Advanced packaging strategic partnerships with TSMC and NVIDIA were emphasized, aiming to strengthen long-term technological leadership and capacity.
- Despite top-line growth and partnership progress, the significant stock sell-off signals investor concern over margin compression or an unconvincing outlook not fully addressed in the prepared remarks.
Community Discussion