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Analyst
Joe Moore
Period: Reporting periods mapped to calendar 2024 Q3 – 2026 Q3 (9 quarters).
- Questions
- 106on tracked calls
- Challenge rate
- 6%6 of 106 questions
- Companies
- 20questioned at least once
- Reporting periods
- 9with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 106 of 106 questions from 20 companies
INTCIntel Corporation11 questions · 6 reporting periods · 2 of 11 challenging
Calendar 2026 Q2
what do you think happens to your market share in the server space?
Show response
Tan pointed to strong demand and the server roadmap (Clearwater Forest, Diamond Rapids) but conceded Intel is still behind in some areas and catching up.
Calendar 2025 Q4
Can you give us a time frame on Copper Rapids and sort of what's your expectation for the potential for market share puts and takes as you wait for that to come?
Show response
Lip Bu said data center centralized under new hire Kevork. Road map simplified to focus on 16-channel Diamond Rapids and accelerated Coral Rapids with multi-threading reintroduced. No specific date given for either. Customers asking to pull Coral Rapids forward.
are you able to move wafers towards data center away from PC? Is that something that you're thinking about
Show response
Dave confirmed actively shifting: client focused on mid/high end, yielding low-end to push supply to data center. Will result in some market share adjustments. Priority is key OEM customers in both data center and client.
Calendar 2025 Q3
the supply constraints in server CPUs and other CPUs, we see those in the market, I guess, but your growth was 5% sequentially, single-digit growth year-on-year. I guess where is the shortage comin...
Show response
Dave said shortages span the business, tight on Intel 10 and 7 with no plans to add capacity, living off inventory and demand-shaping. Also widely reported substrate shortages industry-wide. Demand came in stronger than expected and should continue into next year.
Can you just talk about how those conversations are going? And I certainly -- I can see the trade-off from a customer standpoint. They're making a commitment to you. Do they expect that capacity to...
Show response
Lip Bu emphasized building trust through yield, reliability, and IP matching via Central Engineering. Dave added they have substantial assets under construction and existing footprint flexibility to serve initial external demand without incremental CapEx.
Calendar 2025 Q2
Can you talk about what's driving that? Are you going to be able to drive more volume to the Intel 4 products?
Show response
Dave said Raptor Lake's favorable price points are driving strong demand. Already building out Intel 4.3 capacity for Meteor Lake and Granite Rapids volumes.
Are you going to be able to get full value out of that? I know there was a shelf first strategy
Show response
Dave said construction-in-progress dropped from north of $50B to mid-to-high $30s after Arizona flip to 18A production. Ohio construction continues but at slower pace to maintain optionality.
Calendar 2025 Q1
can you give us your assessment of Panther Lake and Clearwater Forest in the 1880?
Show response
Michelle confirmed Panther Lake is tracking well competitively with strong customer interest. Clearwater Forest pushed to H1 2026 to prioritize Panther Lake, characterized as a purpose-built ECORE derivative.
The comment that you guys made about seven nanometer being constrained for the foreseeable future. Can you elaborate on why
Show response
Dave explained constraint is driven by better-than-expected Raptor Lake demand. Constraint improves factory leverage and per-wafer cost. Michelle added macro concerns driving consumer preference for lower-priced N-1 and N-2 products.
Calendar 2024 Q4
you made reference to the sort of tempering of expectations of Falcon Shores. Can you talk about what was behind that
Show response
Michelle explained the pivot came from customer feedback requiring rack-scale solutions, not just silicon. Falcon Shores becomes internal test chip only.
Can you just talk about how pervasive that might be? Is that conservatism that, that might be happening?
Show response
Dave said tariff hedging was concentrated in Asian region customers who ordered beyond digestion rates. Hard to extrapolate beyond Q4 given tariff uncertainty.
MCHPMicrochip Technology8 questions · 6 reporting periods · 0 of 8 challenging
Calendar 2026 Q2
how are you guys thinking about M&A and inorganic growth at this point?
Show response
Steve reiterated no large M&A, only small roadmap-accelerating deals like Hailo, with cash going to debt reduction.
Calendar 2026 Q1
Can you give us some color on what those conversations are like?
Show response
Steve described repaired customer relationships and said competitors' large price increases are driving customers back to Microchip, helping it gain share.
Calendar 2025 Q4
Can you give us a sense for what kind of growth you're seeing there
Show response
Steve confirmed very large FPGA growth and share gains but declined to provide specific numbers since competitors' data is not visible (Xilinx embedded in AMD, Altera now private). May provide bracketed figures after fiscal year ends.
Do you need to move to Gen 7? Do you move to ELink, UALink
Show response
Steve confirmed Gen 7 already in development for about 9-12 months. Working on additional Gen 6 design wins including potential mega wins that could make the $100M win look small. Declined to disclose scale-up vs scale-out details for competitive sensitivity.
Calendar 2025 Q3
do you have any updated sense on where we're going to get when we get to consumption levels
Show response
Steve acknowledged consumption is somewhere between peak and current levels but couldn't quantify. The recovery has been slower than anyone expected due to tariffs, automotive EV-to-gasoline shifts, and other market curveballs.
where do you guys stand in terms of hyperscale cloud relationships
Show response
Brian confirmed active engagements with all major hyperscalers and OEMs. Microchip does not do custom ASIC work but focuses on understanding customer workloads and building competitive standard products with industry-leading features.
Calendar 2025 Q1
Is there any scenario where you could see that coming down in different economic circumstances
Show response
Steve stated absolute commitment to dividend, citing the $1.45B mandatory convert that preserved investment grade rating and rising revenue/cash flow trajectory.
Calendar 2024 Q4
Of the 266 days of inventory, can you talk about how much of that is from the internal fabs
Show response
Steve estimated internal fab inventory at approximately 288 days, higher than the blended 266 days. Eric confirmed higher-cost capitalized inventory will take time to work through.
NVDANVIDIA Corporation8 questions · 8 reporting periods · 0 of 8 challenging
Calendar 2026 Q3
I wonder if you could give us color on the 70%? And what gives you the confidence to guide a full year out
Show response
Jensen tied the gap to supply, not demand, and framed the 70% as the supply-deliverable figure vs stronger underlying demand.
Calendar 2026 Q2
what drove the change in segmentation? what is the philosophy behind giving us the numbers that way?
Show response
Jensen gave a comprehensive explanation of the three-segment framework: hyperscale clouds, ACIE (AI clouds/industrial/enterprise), and edge computing, explaining each has different stacks and go-to-market.
Calendar 2026 Q1
Can you talk about the role of those investments
Show response
Jensen said investments are focused squarely and strategically on expanding and deepening NVIDIA's ecosystem across the full computing stack.
Calendar 2025 Q4
You talked about the $500 billion of revenue for Blackwell plus Rubin
Show response
Colette confirmed they're on track for the $500B envelope and cited KSA agreement (400-600K GPUs over 3 years) and Anthropic as incremental orders that could push beyond it.
Calendar 2025 Q3
Can you talk about the long-term prospects there
Show response
Jensen sized China at $50B+ this year growing ~50%, called it the second-largest computing market, and said he continues to advocate for Blackwell approval given that 50% of AI researchers and most leading open-source models come from China.
Calendar 2025 Q2
how big the inference business is for you guys
Show response
Jensen said Grace Blackwell NVL72 is the ideal reasoning-AI engine because reasoning requires 100-1000x more tokens than one-shot chatbots, and Blackwell is ~40x faster than Hopper on inference.
Calendar 2025 Q1
talk about GV200 at CES
Show response
Jensen said 350 plants manufacture 1.5 million components per Blackwell rack and pointed to successful bring-ups at CoreWeave, Microsoft and OpenAI, with customers 'anxious and impatient' for more supply.
Calendar 2024 Q4
do you expect inference to outgrow training in the next kind of 12-month time frame, and just generally your thoughts there
Show response
Jensen discussed the vision for inference growth broadly but did not give a specific timeline for when inference would surpass training. Highlighted physical AI and Omniverse as new inference demand drivers.
NXPINXP Semiconductors8 questions · 4 reporting periods · 0 of 8 challenging
Calendar 2026 Q2
Some of your peers have talked about maybe the beginnings of restocking from very low levels.
Show response
Explicitly denied restocking and attributed growth to content, citing accelerated growth drivers up 22% and SDV architecture transition.
Can you just talk to how that intercepts customer interest areas like software defined vehicles.
Show response
CEO answered directly, framing AI as table stakes for design wins and layered on top of software defined system architecture.
Calendar 2026 Q1
is that kind of an indication of 2027 model year? Or I sort of think of these as 5-year rolling programs
Show response
Rafael explained auto growth drivers now represent 45%+ of auto revenue (up from 39%), expected to reach ~50% by year-end. Driven by SDV portfolio with products that don't have market equivalents.
is the China market any different in terms of those growth drivers?
Show response
Rafael noted China adopts faster, S32K5 expected to reach production in China first despite Western customers sampling first. Architectural shift to zonal/central compute favors NXP's higher-end capabilities.
Calendar 2025 Q4
any difference by region? I guess there's been some concern about China demand
Show response
Rafael saw no regional differentiation worth highlighting. Auto expected within model for 2026 with accelerated growth drivers executing.
Is that impacting you guys in any way? Are you seeing either weaker demand because they're bottlenecked by those things
Show response
Rafael said Nexperia was a non-issue for NXP. Memory chatter is cross-end-market but not reflected in orders. Customers discuss it as a concern for H2 but no order impact yet.
Calendar 2025 Q3
is there any impact potentially on automotive production from all of that on the negative side
Show response
Rafael said Nexperia products are second-sourceable with benign qualification processes. No impact on auto production reflected in NXP orders.
are you seeing any indications that, that is happening or will happen
Show response
Rafael confirmed no restocking despite Nexperia disruption showing current Tier 1 inventory levels are inadequate for business continuity. Customers remain conservative on working capital management.
AMDAdvanced Micro Devices, Inc.7 questions · 5 reporting periods · 0 of 7 challenging
Calendar 2026 Q2
In the server CPU business, are you supply constrained now? It seems like the market
Show response
Su acknowledged server CPU supply is tight through the first half on unforecasted demand but expects a better-supplied 2027.
Calendar 2025 Q4
On the MI455 ramp, will 100% of the business be racks? Will there be kind of an eight-way server business around that architecture?
Show response
Lisa Su confirmed MI450 has multiple variants including an 8-way but rack-scale is the vast majority for 2026, with revenue recognized at ship-to-rack-builder and all development on track.
Calendar 2025 Q3
what's your posture there to the extent that if there is some relief that you're able to ship, do you have readiness to do that?
Show response
Lisa Su said AMD has received some MI308 licenses and still has work-in-process inventory, but the situation is dynamic and customer demand environment needs further assessment before guiding.
Calendar 2025 Q2
Is rack scale more important to the inference market than you thought it might be?
Show response
Lisa Su confirmed reasoning models and distributed inference are elevating the importance of scale-up/scale-out rackscale architecture, where AMD is investing heavily across the MI400 Helios roadmap.
Should we think of that as a 2027 realistic outcome that you could be looking at $20 billion-plus?
Show response
Lisa Su declined to commit to a specific year for tens of billions, but said AMD is engaged with all the right customers for gigawatt-scale deployments and feels incrementally more confident on the trajectory.
Calendar 2025 Q1
Can you talk about that from AMD perspective? Are you seeing that in your business?
Show response
Lisa Su said reasoning models are inference-heavy and benefit AMD's memory bandwidth/capacity advantages, with customers using multiple models driving ROCm optimization priorities.
So will they invest in both AMD and A6 and just how do they decide how to apportion that investment?
Show response
Lisa Su framed ASIC and GPU as complementary, with GPUs capturing the larger share of the $500B TAM due to model diversity and the importance of TCO and customer choice.
QCOMQualcomm7 questions · 4 reporting periods · 0 of 7 challenging
Calendar 2026 Q2
Can you just give us a sense of what that mix looks like at this point? How much ADAS is coming into that revenue stream?
Show response
Referred the analyst to Investor Day materials rather than giving a current ADAS revenue mix, then pivoted to the platform-versus-socket narrative.
Just how are you feeling about your supply chain? And particularly, are you seeing constraints on the wafer side going forward?
Show response
Cristiano candidly described pandemic-like industry conditions and named scale and inventory position as the reason Qualcomm can still execute its plans.
Calendar 2026 Q1
you talked about 6G in 2029. I mean is that -- what does that time frame represent
Show response
Cristiano outlined prototypes and first silicon in 2028, early launches in 2029, and scale by 2030, emphasizing 6G as AI-native infrastructure.
You alluded to the weakness being more in the medium tier and the premium tier as being stronger
Show response
Akash confirmed OEMs logically prioritize premium and high-tier devices for memory allocation, where profitability sits.
Calendar 2025 Q1
Can you talk about the growth drivers there? When does ADAS start to kick in more as a growth category
Show response
Cristiano highlighted ADAS as one-third of pipeline with Flex combining cockpit and ADAS. Five new ADAS designs won in quarter. Akash added content multiplier from digitization.
Calendar 2024 Q3
Wondering if you could talk about the strength in autos, you've obviously put up great sequential numbers
Show response
Amon framed auto revenue as less market-sensitive and driven by share gains and new model launches with Qualcomm technology.
Anything you could say about the ARM dispute? Because that would help us understand what's the stake there.
Show response
Palkhiwala expressed confidence that ARM rights covering custom CPUs will be affirmed but deferred specifics to the December trial.
Show 14 more companies
SNDKSandisk Corporation7 questions · 4 reporting periods · 0 of 7 challenging
Calendar 2026 Q2
How should we think about your decision-making process on CapEx?
Show response
Visoso said CapEx dollars rise with node transitions but remain tied to mid-to-high-teens bit growth, with 2027 slightly lower as inventory builds for NBMs.
Calendar 2026 Q1
where do you see that in a few years? It seems like hyperscalers want everything you can make and then some
Show response
Goeckeler said data center share could be significant, expects it to keep rising, but declined to give a specific target, noting they value portfolio balance.
How much of that is the market, and how much of that is you putting the product portfolio in a better place?
Show response
Goeckeler credited strong product, broadening qualifications across large number of accounts, and strong market pull for high-performance enterprise SSDs.
Calendar 2025 Q4
the enterprise SSD opportunity, how does that break down between TLC and QLC at this point, and how is that changing
Show response
CEO confirmed current enterprise SSD portfolio is predominantly TLC, with QLC Stargate product in qualification expected to ship for revenue in the next couple of quarters.
Jensen talked about this key value cache and, you know, gave some numbers in terms of, I think, terabytes per GPU
Show response
CEO confirmed KV cache demand is NOT yet in forecasts, estimating 75-100 additional exabytes in 2027 doubling in 2028, calling it significant incremental demand for NAND.
Calendar 2025 Q3
Is there demand for QLC on the enterprise side? How much of it is QLC?
Show response
Management confirmed strong QLC growth trajectory with storage-class BiCS8 QLC Stargate product in qualification, while compute-focused TLC drives also seeing strong demand.
Do you think there's any incremental supply coming from the fact that people had underutilized the fabs earlier
Show response
CFO confirmed fabs at full capacity. CEO provided supply-demand framework: 8% supply growth in 2025, 17% in 2026, but unconstrained demand in mid-20s percent range.
ADIAnalog Devices6 questions · 6 reporting periods · 0 of 6 challenging
Calendar 2026 Q2
can you kind of update us on growth trends within both the optical and power side of that? And just how should we think about growth
Show response
Puccio confirmed both optical and power portfolios contributing roughly equally to the 90% data center growth, with strong orders and expectations for continued sequential acceleration.
Calendar 2026 Q1
Any signs there of stabilization or potential growth as you move past this subsidy environment?
Show response
Rich expects auto H1 weakness from tariff pull-in unwind to reverse in H2, with full year FY26 growth vs record FY25. Strong underlying content and share position unchanged.
Calendar 2025 Q4
I think you guys had indicated when you guided the quarter that you'd be slightly down, you ended up slightly up. Can you talk about what's coming in a little bit better?
Show response
Rich noted the expected Q4 auto pull-in unwind didn't materialize, results were seasonal with normal bookings and book-to-bill just below 1. Remains cautious on tariff impacts but expects FY26 another strong year.
Calendar 2025 Q3
I wanted to just follow-up on that and talk ask where those supply constraints might be coming from. And you seeing any supply constraints in any other part of your industrial business
Show response
Vince explained surging A&D demand outpacing tooling capacity for proprietary sole-source products. Rich confirmed tools being deployed in Q3/Q4, with the rest of industrial well-supplied.
Calendar 2025 Q2
Can you discuss automotive, the 16% sequential growth really stands out relative to what peers are seeing? Just what's driving that
Show response
Rich quantified pull-in at high single-digit range concentrated in Americas and Europe around 25% auto tariff news, with China record continuing. Auto expected to decline in Q3 as pull-in normalizes.
Calendar 2025 Q1
Can you talk about how that affects you guys if there is an ongoing shift in the center of gravity towards China? Does that have any impact on pricing, margin, or potential for you guys?
Show response
Rich and Vince detailed three consecutive quarters of double-digit growth in China auto, strong content position at Chinese EV OEMs, and noted ADI gets well paid for high-performance technology.
ALABAstera Labs, Inc. Common Stock6 questions · 6 reporting periods · 0 of 6 challenging
Calendar 2026 Q2
do you see, I guess, a transition from PCI to UALink and how broad do you expect the customer adoption to be there?
Show response
Jitendra described a vibrant UALink ecosystem, plans to intercept 2027 XPUs with a full switch and signal-conditioning portfolio, and rising dollar content per XPU.
Calendar 2026 Q1
can you talk about the time frame where you see optical scale-up becoming more relevant?
Show response
Management said NPO ramps first in 2027, pluggable CPO connectors for scale-out in 2027, mainstream CPO in 2028.
Calendar 2025 Q4
any incremental sense of why the OpEx is coming up so much so quickly?
Show response
CFO attributed the OpEx step-up to a much larger TAM, the Xscale close and an acqui-hire scaling the Israel design center.
Calendar 2025 Q2
Are you agnostic to those various solutions? Are you more favorable towards open source or proprietary?
Show response
Management said it benefits across NVLink Fusion, PCIe, Ethernet and UALink, favoring UALink's open ecosystem but serving all.
Calendar 2025 Q1
Are you guys seeing that? Does that translate into strength in any part of the business for you?
Show response
Management said the same products serve both inference and training and rising inference compute pushes toward rack-level systems.
Calendar 2024 Q4
Do you see it as deflationary to the long-term opportunity? And I just would love to get your perspective on this
Show response
Management reframed DeepSeek as a demand tailwind, noting hyperscalers increased CapEx after the announcement.
AVGOBroadcom Inc.6 questions · 6 reporting periods · 0 of 6 challenging
Calendar 2026 Q3
Can you talk about the supply around that? And kind of what are the supply bottlenecks?
Show response
Hock said the outlook is deliberately conservative on deployment timing but supply is secured for the $115 billion figure, and would be lifted if supply improves.
Calendar 2026 Q2
You talked about $30 billion of AI bookings in the quarter. Which is a lot,
Show response
Hock explained customers place large orders early to align wafers, memory and power, giving Broadcom visibility now extending to 2028.
Calendar 2025 Q4
if you have $21 billion of rack revenue in 2026, I guess, do we stay at that run rate beyond that?
Show response
Hock declined to forecast beyond the 18-month window but said continued rack business depends on customer compute capacity needs, implied upside if demand persists.
Calendar 2025 Q3
In terms of the fourth customer, I think you've talked in the past about potential customers four and five were more hyperscale
Show response
Hock said all seven prospects are LLM makers with potential platforms. $10B order delivery concentrated in fiscal 2026 Q3 (May-July 2026).
Calendar 2025 Q2
You said you're not going to be impacted by export controls on AI. I know there's been a number of changes since -- in the industry since the last time you made the call. Is that still the case?
Show response
Hock declined to give export control guidance citing dynamic trade environment, unusually cautious tone relative to prior quarter's confidence.
Calendar 2024 Q4
How are your customers sort of reacting to some of the rack scale products from your -- the merchant competitor
Show response
Hock sidestepped direct competitive comparison with NVIDIA, instead emphasizing that hyperscale customers have settled on their own scale-up/scale-out architectures for the multi-year cluster expansion roadmap.
MUMicron Technology, Inc.6 questions · 5 reporting periods · 1 of 6 challenging
Calendar 2026 Q3
explain what the puts and takes are that supply would decelerate given the CapEx that you see
Show response
Supply growth is constrained by HBM trade ratios, diminishing node gains and clean-room timing despite rising CapEx.
Calendar 2026 Q2
what is the point of the deposit, and what is the relationship of those deposits with the RPO if there is 1?
Show response
Mark explained the $22B in deposits and commitments, that $18B is cash held in financing cash flows and returned over the back half of the agreements.
Calendar 2026 Q1
I think in the past, you have said that some customers are getting 70% of what they are asking for
Show response
Sanjay reconfirmed the 50-66% fulfillment range for several key customers' medium-term demand, with no change from the prior earnings call.
Allocation questions by end market
Show response
Sanjay said Micron maintains diversified mix across data center, PC, smartphone, auto, and industrial markets despite data center's growing TAM share, and acknowledged some demand impact in price-sensitive consumer markets while noting overall demand stays strong.
Calendar 2025 Q2
I wonder if you could talk in terms of your long-term CapEx plans and the sort of 35% of revenue levels
Show response
Mark emphasized the generational tech transition, greenfield capacity build, and reiterated the $14B fiscal 2025 CapEx envelope while flagging lumpiness from grants and construction timing.
Calendar 2025 Q1
So you're at 153 days and you'll be below the target model
Show response
Mark reiterated the 120-day inventory target and committed to being below it on DRAM by fiscal Q4 via AI-driven demand and HBM trade-ratio tightness.
ONON Semiconductor6 questions · 4 reporting periods · 2 of 6 challenging
Calendar 2026 Q2
do you anticipate that you'd be able to take share given where you're sitting with capacity?
Show response
Thad declined to compare competitors but said ~92-93% is fully utilized, after which onsemi flexes to outside foundries, with revenue still 25-30% below a capped run rate.
Calendar 2026 Q1
are you seeing any kind of lead time extensions or hotspots?
Show response
Trent said lead times extended from 23 to 26 weeks with more orders coming inside lead time and expedites. El-Khoury said some technologies on allocation. Getting calls from OEMs. Strength not yet showing in auto but will come.
Calendar 2025 Q4
can you talk to those targets? And is that, you know, an achievable number?
Show response
Trent walked through bridge: 700bps from utilization recovery, 200bps from FabRight, 200bps from fab divestitures insourcing ($160M fixed cost), 200bps+ from new product mix. Stacks to over 50%.
does that catalyze at some point a restocking in the automotive space and maybe, you know, why aren't we seeing that yet?
Show response
El-Khoury said Tier 1s running on thin margins and can't afford the capital for restocking. Any supply disruption will cause chain reaction. Replenishment cycle needed but not happening yet.
Calendar 2025 Q3
shouldn't that be the catalyst for them to start building up inventory to sort of deal with the geopolitics of the situation?
Show response
El-Khoury said he's warned about low inventory for 2 years. Any supply disruption causes chain reaction. Tier 1s running thin margins and can't afford to restock. Replenishment cycle needed, hard lesson from COVID being repeated.
I wonder if you could give us some sense of the Automotive market by region.
Show response
El-Khoury said China auto strategy is customer diversification across 100+ brands. Gaining share consistently across broad range of OEMs. Strategy derisks lumpiness between individual brands.
TXNTexas Instruments6 questions · 3 reporting periods · 0 of 6 challenging
Calendar 2026 Q1
can you talk about what's going to happen with inventory over the course of Q2? Are you seeing incremental gross margin off of Q1 that are sort of better than normal
Show response
Rafael gave generic inventory positioning answer. Haviv added that inventory served well in Q1 rapid growth, depleted some to serve real-time demand. Both stressed preparedness.
is the incremental gross margin going to look normal? Or is there some part of inventory management that makes it less or more?
Show response
Rafael confirmed standard 75-85% incremental fall-through excluding depreciation. Directed analysts to work from midpoint guidance to derive reasonable gross margin assumptions.
Calendar 2025 Q3
Anything unusual happening there? I think you alluded to kind of an ongoing learning curve kind of price declines
Show response
Haviv confirmed pricing tracking at low single digit decline as expected for the full year with no unusual dynamics across any markets.
Any areas where lead times are getting longer
Show response
Mike confirmed lead times consistent and competitive across the portfolio. Haviv added that inventory milestone has been reached, putting TI in position for any scenario.
Calendar 2025 Q1
have clarity on that? Are people immediately paying those tariffs? You know, is there is there just any way to sort of tell how much impact there is
Show response
Mike and Haviv declined to detail tariff mechanics, instead emphasizing flexibility and geopolitically dependable footprint. Said they will report changes when visible in orders.
I wonder if you could talk about the the share repurchases in the quarter. They I saw that that the six hundred million plus number
Show response
Rafael explained they're comfortable with lower cash levels ($5B vs $10B a year ago) as CapEx cycle nears completion, and still have room on the balance sheet for more debt.
LRCXLam Research3 questions · 3 reporting periods · 0 of 3 challenging
Calendar 2025 Q1
Can you just give us a sense for the rank order of the subsegments within CSBG? How big is Reliant now?
Show response
Doug ranked spares as the biggest CSBG component, upgrades growing strongly especially in NAND, and Reliant declining from lost China customers.
Calendar 2024 Q4
In terms of NAND being the strongest growth business, can you kind of characterize where we are from a NAND WFE basis?
Show response
Tim framed NAND spending as technology migration from a very low base, driven by bit cost reduction and device performance needs, with upgrade capture rates strong for Lam.
Calendar 2024 Q3
how are you thinking about the Commerce Department export controls?
Show response
Management said its guidance reflects its best estimate of likely export-control outcomes but would not speculate beyond its stated China view.
SWKSSkyworks Solutions3 questions · 2 reporting periods · 0 of 3 challenging
Calendar 2026 Q2
Obviously, you’re going to close this deal. You know, what’s the timeframe to sort of integrate that?
Show response
Confirmed diversification M&A stays in the playbook after close, though no integration timeline was given.
You just mentioned Android being strong in the quarter. Can you talk about the Android prospects in the second half?
Show response
CFO split Android into Asia declining and US strengthening, and flagged the June quarter as a seasonal anomaly that will not repeat.
Calendar 2025 Q1
Can you talk about organic versus inorganic priorities there and just how you think about that?
Show response
Phil confirmed sufficient financial firepower for both organic and M&A. Will focus on strategic fit and shareholder value. M&A environment complex but no shortage of things to evaluate.
WDCWestern Digital3 questions · 2 reporting periods · 0 of 3 challenging
Calendar 2024 Q4
is there a time where you'll give guidance for the two businesses separately? Does that happen at the analyst days
Show response
David pointed to Wissam's directional Flash/HDD guidance in prepared remarks and deferred separate formal guidance to investor days.
I wonder if you could give us an update on Enterprise solid state drives. I know there's been some choppiness in that segment
Show response
David confirmed still tracking 15-20% enterprise SSD revenue mix target at the halfway point. Expects choppiness but strong demand continues.
Calendar 2024 Q3
you'll be able to file the Form-10 at some point during the March quarter. Is that the plan
Show response
Pressed on the separation timeline and Form 10 filing; management laid out the soft-spin sequence and expected timing, direct.
MRVLMarvell Technology2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2026 Q3
can you talk about your progress in copper scale-up, and you mentioned the sort of success across the 3 protocols.
Show response
Murphy said the Teralynx (Innovium-derived) switching franchise translates seamlessly from scale-out to scale-up, that Marvell is aggressively investing in UALink switching, and that proven ability to deliver complex switches at volume is a key customer trust factor.
Calendar 2026 Q1
With all the growth that you're looking at here, I wonder if you see anything on the supply chain, that could be challenging for you
Show response
Koopmans confirmed tight supply environment persists for AI-related advanced node fabrication, packaging, and substrates. Marvell's multi-year forward visibility to suppliers has been key enabler. Expressed confidence in secured supply for all growth outlined this year, next year, and beyond.
AMATApplied Materials1 question · 1 reporting period · 1 of 1 challenging
Calendar 2024 Q4
there's weakness in automotive, industrial, analog and image sensors, that's a lot of the trailing edge category
Show response
Brice identified power components and microcontrollers as healthy ICAPS segments, noting utilizations below ideal and potential investment slowing but Q4/Q1 remain strong.
IONQIonQ, Inc.1 question · 1 reporting period · 0 of 1 challenging
Calendar 2025 Q2
is there anything to sort of read into the fact that he left and then came back now?
Show response
de Masi framed Monroe's return as a vote of confidence and part of a broader influx of world-class talent.
KLACKLA Corporation1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q3
how do you expect that to get conveyed? Have you had preliminary conversations
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Wallace said nothing on export controls is decided until announced, with little advance notice, and reiterated the 2025 forecast is unchanged.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| INTC Intel Corporation | 11 | 18%2 of 11 questions |
| MCHP Microchip Technology | 8 | 0%none of 8 questions |
| NVDA NVIDIA Corporation | 8 | 0%none of 8 questions |
| NXPI NXP Semiconductors | 8 | 0%none of 8 questions |
| AMD Advanced Micro Devices, Inc. | 7 | 0%none of 7 questions |
| QCOM Qualcomm | 7 | 0%none of 7 questions |
| SNDK Sandisk Corporation | 7 | 0%none of 7 questions |
| ADI Analog Devices | 6 | 0%none of 6 questions |
| ALAB Astera Labs, Inc. Common Stock | 6 | 0%none of 6 questions |
| AVGO Broadcom Inc. | 6 | 0%none of 6 questions |
- INTCIntel Corporation · 11 questions18%2 of 11 questions
- MCHPMicrochip Technology · 8 questions0%none of 8 questions
- NVDANVIDIA Corporation · 8 questions0%none of 8 questions
- NXPINXP Semiconductors · 8 questions0%none of 8 questions
- AMDAdvanced Micro Devices, Inc. · 7 questions0%none of 7 questions
- QCOMQualcomm · 7 questions0%none of 7 questions
- SNDKSandisk Corporation · 7 questions0%none of 7 questions
- ADIAnalog Devices · 6 questions0%none of 6 questions
- ALABAstera Labs, Inc. Common Stock · 6 questions0%none of 6 questions
- AVGOBroadcom Inc. · 6 questions0%none of 6 questions
Show all 20 companies
| Company | Questions | Challenge rate |
|---|---|---|
| MU Micron Technology, Inc. | 6 | 17%1 of 6 questions |
| ON ON Semiconductor | 6 | 33%2 of 6 questions |
| TXN Texas Instruments | 6 | 0%none of 6 questions |
| LRCX Lam Research | 3 | 0%none of 3 questions |
| SWKS Skyworks Solutions | 3 | 0%none of 3 questions |
| WDC Western Digital | 3 | 0%none of 3 questions |
| MRVL Marvell Technology | 2 | —Rate withheld: fewer than 3 questions |
| AMAT Applied Materials | 1 | —Rate withheld: fewer than 3 questions |
| IONQ IonQ, Inc. | 1 | —Rate withheld: fewer than 3 questions |
| KLAC KLA Corporation | 1 | —Rate withheld: fewer than 3 questions |
- MUMicron Technology, Inc. · 6 questions17%1 of 6 questions
- ONON Semiconductor · 6 questions33%2 of 6 questions
- TXNTexas Instruments · 6 questions0%none of 6 questions
- LRCXLam Research · 3 questions0%none of 3 questions
- SWKSSkyworks Solutions · 3 questions0%none of 3 questions
- WDCWestern Digital · 3 questions0%none of 3 questions
- MRVLMarvell Technology · 2 questions—rate withheld: under 3 questions
- AMATApplied Materials · 1 question—rate withheld: under 3 questions
- IONQIonQ, Inc. · 1 question—rate withheld: under 3 questions
- KLACKLA Corporation · 1 question—rate withheld: under 3 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q3 | 5 | 0%none of 5 questions | 4 |
| 2024 Q4 | 10 | 10%1 of 10 questions | 8 |
| 2025 Q1 | 14 | 0%none of 14 questions | 11 |
| 2025 Q2 | 10 | 10%1 of 10 questions | 8 |
| 2025 Q3 | 16 | 13%2 of 16 questions | 10 |
| 2025 Q4 | 15 | 7%1 of 15 questions | 10 |
| 2026 Q1 | 16 | 0%none of 16 questions | 11 |
| 2026 Q2 | 16 | 0%none of 16 questions | 13 |
| 2026 Q3 | 4 | 25%1 of 4 questions | 4 |
- 2024 Q35 questions · challenge rate 0% (none of 5 questions) · 4 companies
- 2024 Q410 questions · challenge rate 10% (1 of 10 questions) · 8 companies
- 2025 Q114 questions · challenge rate 0% (none of 14 questions) · 11 companies
- 2025 Q210 questions · challenge rate 10% (1 of 10 questions) · 8 companies
- 2025 Q316 questions · challenge rate 13% (2 of 16 questions) · 10 companies
- 2025 Q415 questions · challenge rate 7% (1 of 15 questions) · 10 companies
- 2026 Q116 questions · challenge rate 0% (none of 16 questions) · 11 companies
- 2026 Q216 questions · challenge rate 0% (none of 16 questions) · 13 companies
- 2026 Q34 questions · challenge rate 25% (1 of 4 questions) · 4 companies
Topics
Topics tagged on this analyst’s questions.
- Demand42
- Competitive Dynamics25
- Cloud & AI24
- Supply Chain23
- Innovation & R&D16
- Revenue Growth14
- Capital Allocation10
- Product Launch10
- Inventory9
- Capex Investment8
Show all 20 topics
- Trade Tariffs8
- Regulation Policy7
- M&A5
- Geographic Expansion5
- Guidance Reliability4
- Pricing3
- Margin3
- Macroeconomic3
- Cost Pressure1
- Labor Market1