Overview
- CEO Jean-Marc Chery said 2026 should start at “usual levels” and a softer 2025 recovery will not lead to excess customer inventory.
- He projected first-quarter 2026 revenue to be 10–11% below the company’s fourth-quarter forecast of $3.28 billion.
- Despite the sequential decline, he said the quarter would be roughly 20% higher than a year earlier.
- Analysts polled by LSEG put first-quarter revenue near $2.98 billion, broadly aligning with the company’s guidance.
- Shares rose about 1.4% by 1113 GMT following the conference comments.