14 segments · 14 final
Retained transcript
Good afternoon. and welcome to the Theta Semiconductor second quarter 2026
Earnings Call. Revenue was four point eight billion dollars, an increase of fourteen percent
Year over year. Driven by strong demand for high bandwidth memory and data center products.
Gross margin expanded by 230 basis points to 47 percent as
product mix improved and utilization increased. Operating expenses were nine hundred
30 million dollars. and adjusted earnings per share were $1.42.
For the third quarter, management expects revenue between 5.1 and 5.3
billion dollars. with gross margin near forty-nine percent. We are raising our full year
Capital expenditure plan to support advanced packaging capacity. Risks include
Stemer Concentration, export restrictions, and a slower recovery in consumer de
and we will now begin the question and answer session. Our first question concerns the
Sustainability of HBM pricing and supply through calendar 2027.
Management expects contracted capacity to remain tight, although pricing growth should moderate
Rita's new supply enters the market. Thank you.