Overview

• The chip designer posted adjusted earnings of 15 cents per share on roughly $95.5–$96 million in revenue, topping estimates for 5 cents and $90 million.
• Management guided third-quarter revenue to $100 million to $108 million and lifted full-year revenue growth to 31%–35%, implying about $379 million at the midpoint.
• Shares jumped about 20% on Friday following the report, as at least eight Wall Street analysts raised price targets, including Susquehanna to $100.
• CEO Fermi Wang pointed to strength in portable video, robotic aerial drones, and edge infrastructure, noting more than 36 million edge‑AI processors shipped to date.
• Despite the adjusted profit, GAAP results showed a narrowed net loss of about $20 million, or 47 cents per share, weighed by stock-based compensation and acquisition amortization.