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Analyst
Toshiya Hari
Period: Reporting periods mapped to calendar 2024 Q3 – 2025 Q1 (3 quarters).
- Questions
- 29on tracked calls
- Challenge rate
- 17%5 of 29 questions
- Companies
- 17questioned at least once
- Reporting periods
- 3with 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 29 of 29 questions from 17 companies
MCHPMicrochip Technology4 questions · 2 reporting periods · 0 of 4 challenging
Calendar 2024 Q4
calendar 2024, where did blended ASPs for you all land roughly? And how should we think about 2025
Show response
Steve acknowledged low-to-mid-single-digit near-term price reductions are appropriate but pushed back on perpetual annual price decreases as a long-term norm.
what the feedback has been to you and the company, any common threads, and how do you plan on responding
Show response
Rich noted customer relationships are mostly intact with twice as many improved as degraded. The 256 degraded accounts are being actively addressed.
Calendar 2024 Q3
I'm curious how you're thinking about blended pricing into calendar '25
Show response
Ganesh acknowledged more aggressive competitors on new designs but said existing designs maintain pricing discipline, plus cost reductions help margins.
your December quarter revenue outlook, I think at the midpoint is 20% or 25% below where you were pre-pandemic
Show response
Ganesh confirmed significant sell-in undershipping vs consumption, citing the bullwhip effect on the reverse side as customers destock.
AMATApplied Materials2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2025 Q1
how you're thinking about the year. I know you gave a couple of comments, but by application, by geography
Show response
Management provided clear breakdown of market dynamics: leading edge accelerating, ICAPS moderating, memory roughly flat. Gary cited outperformance across leading-edge foundry logic, DRAM, HBM, advanced packaging, and ICAPS outside China over the last four years.
Calendar 2024 Q4
if you can kind of expand on what you're doing exactly with your customers? Is it primarily tied to your IMS offering
Show response
Brice described value pricing as 'third inning,' strengthening training, analytics, and customer communications to capture more value from integrated solutions.
AMDAdvanced Micro Devices, Inc.2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2024 Q4
how you're thinking about the market this year? And if you can delineate between cloud and enterprise
Show response
Lisa Su said enterprise refresh cycles are returning in 2025; on custom silicon, said it's less x86 vs ASIC and more about having the right product for the right workload.
you're guiding gross margin to 54% in the first quarter. I'm curious what some of the major puts and takes are
Show response
Jean Hu said gross margin is primarily driven by revenue mix; H1 consistent with 54%, with step-up in H2 as data center becomes a larger share of the mix.
CRDOCredo Technology Group Holding Ltd2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2024 Q4
Curious if it's really the size of certain projects that's coming in above what you were expecting 90 days ago
Show response
Bill attributed the upside to a couple of projects firming with stronger forecasts in the last 90 days, and reiterated ~50% annual growth expectations.
Many companies have spoken to the AEC opportunity. It doesn't feel like or seem like they've made significant traction
Show response
Bill said competition hasn't changed meaningfully and Credo competes on being first to deliver, qualify and ramp differentiated system-level products.
LRCXLam Research2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2024 Q4
the outperformance relative to WFE you guys expect to deliver this year. Is that mostly a function of dep and etch
Show response
Tim attributed outperformance to both dep/etch growing as a share of WFE and share gains through new applications like carbon gapfill and Aether.
Calendar 2024 Q3
how we should be thinking about your ability to grow the business with Molly in '25 and beyond.
Show response
Management framed the tungsten-to-moly migration as a net gain and a step up, extending to foundry/logic and DRAM in future years.
NVDANVIDIA Corporation2 questions · 1 reporting period · 1 of 2 challenging
Calendar 2024 Q4
we've had investors ask about your ability to execute to the roadmap you presented at GTC this year with Ultra coming out next year
Show response
Jensen directly countered heating concerns, confirming Blackwell is in full production and Q4 shipments will exceed estimates. Confirmed annual roadmap is on track.
is it a multitude of componentry that's causing this? Or is it specifically [HBM]
Show response
Jensen explained the supply chain involves seven custom chips across multiple configurations, with nearly every company in the world involved in the supply chain.
Show 11 more companies
NXPINXP Semiconductors2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2024 Q4
I'm curious what your expectations are in terms of foundry costs or wafer costs in '25 versus '24
Show response
Kurt confirmed low single-digit price erosion reaffirmed, with improving input costs providing partial offset. Bill noted 200mm consolidation planning nearly complete with tailwind expected in H2 2025.
what kind of global SAAR or global unit production are you expecting for the year? And more importantly, Kurt, you talked about the secular drivers
Show response
Kurt confirmed flat to slightly down SAAR assumption of ~89M units. Accelerated growth drivers (S32, radar, electrification) tracked well, growing even as total auto declined.
ONON Semiconductor2 questions · 1 reporting period · 2 of 2 challenging
Calendar 2024 Q4
This outlook is much worse than many of your peers. I'm just curious what's driving the delta there.
Show response
El-Khoury attributed delta to non-core exits and SiC lumpiness driven by China softness, early Chinese New Year, and extended customer shutdowns.
is the aspiration to kind of hold on to the 2027 model that you guys shared with us a couple of years ago
Show response
Trent reaffirmed commitment to 53% gross margin target, saying company can hit it without the original top-line revenue target through Fabrite actions.
TERTeradyne2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2024 Q4
you talked about digestion in '25 and then a potential recovery in '26
Show response
View based on customer conversations and capital planning. HBM4 timing is the swing factor, earlier transition would pull TAM into 2025.
I was hoping you could sort of touch on the breadth of your customer base in that business
Show response
VIP business is concentrated by nature. Growth driven by existing customer ramps plus 1-2 new logos over 2025-2026.
TXNTexas Instruments2 questions · 1 reporting period · 1 of 2 challenging
Calendar 2024 Q4
there's a pretty significant drop off on a sequential basis for a 2% to 3% decline in revenue. I was hoping you could kind of provide some context there
Show response
Rafael walked through GPM, OpEx, and OI line impacts including depreciation increases, reduced factory loadings, and $50M interest income decline. Comprehensive answer.
You're guiding Q1 revenue down, I think, 2% to 3% sequentially. I was hoping you could maybe provide some color by end market
Show response
Haviv provided detailed end-market color including PE seasonal decline expectations and industrial/automotive outlook, directly addressing the question.
ARMArm Holdings1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q3
AI PC so far have been relatively underwhelming relative to expectations at the beginning of the year
Show response
Rene reaffirmed the aspirational 50% PC share goal and multi-year PC growth confidence as the Windows-on-Arm SKU lineup fills out, downplaying the AI-PC label as early days.
AVGOBroadcom Inc.1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q4
The $60 billion to $90 billion SAM forecast for fiscal '27, Hock, I'm curious if you guys have a view on the TAM
Show response
Hock declined to estimate the broader TAM, emphasizing a bottoms-up approach focused on customer-specific engagement rather than top-down market sizing. Cited technology leadership in silicon, packaging, and optical as competitive advantages.
KLACKLA Corporation1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q3
could that potentially pressure gross margins? I know your gross margin profile has been remarkably stable
Show response
Higgins said gross margins are product-specific, not customer- or region-dependent, so shifting customer mix won't pressure margins.
MRVLMarvell Technology1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q4
how you would characterize customer inventory levels of optical DSPs in the marketplace today
Show response
Matt acknowledged investor concerns about inventory build and tariff fears but said strong bookings, orders inside lead time, and robust supply chain capability indicate healthy demand. 1.6T shipping now, will contribute to FY26 growth alongside continued 800G cycle.
MUMicron Technology, Inc.1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q4
it feels like the trajectory kind of flattens out from here, still up, but flatter. I'm curious, am I thinking about it the right way?
Show response
Sadana pushed back on the flattening thesis, stating a robust quarterly revenue ramp continues to hit the low-20% share target in calendar H2 2025 against $30B+ TAM. Bhatia confirmed solid quarter-over-quarter revenue growth through fiscal 2025 and into calendar 2025.
STXSeagate Technology Holdings1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q3
you guys talked about your expectation around getting qualification at your lead customer in Q3, I believe
Show response
Sought an update on HAMR lead-customer qualification timing; Dave said the failure mode is behind them and expressed confidence in completing the remaining qualifications.
SWKSSkyworks Solutions1 question · 1 reporting period · 1 of 1 challenging
Calendar 2024 Q4
I'm curious if you plan on making any permanent changes to the manufacturing footprint of the company and how to think about gross margins
Show response
No CapEx or footprint changes planned. Factory underutilization will persist longer, pressuring gross margins. Will double down on cost efficiencies. Broad markets mix tailwind will increase.
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 |
|---|---|---|
| MCHP Microchip Technology | 4 | 0%none of 4 questions |
| AMAT Applied Materials | 2 | —Rate withheld: fewer than 3 questions |
| AMD Advanced Micro Devices, Inc. | 2 | —Rate withheld: fewer than 3 questions |
| CRDO Credo Technology Group Holding Ltd | 2 | —Rate withheld: fewer than 3 questions |
| LRCX Lam Research | 2 | —Rate withheld: fewer than 3 questions |
| NVDA NVIDIA Corporation | 2 | —Rate withheld: fewer than 3 questions |
| NXPI NXP Semiconductors | 2 | —Rate withheld: fewer than 3 questions |
| ON ON Semiconductor | 2 | —Rate withheld: fewer than 3 questions |
| TER Teradyne | 2 | —Rate withheld: fewer than 3 questions |
| TXN Texas Instruments | 2 | —Rate withheld: fewer than 3 questions |
- MCHPMicrochip Technology · 4 questions0%none of 4 questions
- AMATApplied Materials · 2 questions—rate withheld: under 3 questions
- AMDAdvanced Micro Devices, Inc. · 2 questions—rate withheld: under 3 questions
- CRDOCredo Technology Group Holding Ltd · 2 questions—rate withheld: under 3 questions
- LRCXLam Research · 2 questions—rate withheld: under 3 questions
- NVDANVIDIA Corporation · 2 questions—rate withheld: under 3 questions
- NXPINXP Semiconductors · 2 questions—rate withheld: under 3 questions
- ONON Semiconductor · 2 questions—rate withheld: under 3 questions
- TERTeradyne · 2 questions—rate withheld: under 3 questions
- TXNTexas Instruments · 2 questions—rate withheld: under 3 questions
Show all 17 companies
| Company | Questions | Challenge rate |
|---|---|---|
| ARM Arm Holdings | 1 | —Rate withheld: fewer than 3 questions |
| AVGO Broadcom Inc. | 1 | —Rate withheld: fewer than 3 questions |
| KLAC KLA Corporation | 1 | —Rate withheld: fewer than 3 questions |
| MRVL Marvell Technology | 1 | —Rate withheld: fewer than 3 questions |
| MU Micron Technology, Inc. | 1 | —Rate withheld: fewer than 3 questions |
| STX Seagate Technology Holdings | 1 | —Rate withheld: fewer than 3 questions |
| SWKS Skyworks Solutions | 1 | —Rate withheld: fewer than 3 questions |
- ARMArm Holdings · 1 question—rate withheld: under 3 questions
- AVGOBroadcom Inc. · 1 question—rate withheld: under 3 questions
- KLACKLA Corporation · 1 question—rate withheld: under 3 questions
- MRVLMarvell Technology · 1 question—rate withheld: under 3 questions
- MUMicron Technology, Inc. · 1 question—rate withheld: under 3 questions
- STXSeagate Technology Holdings · 1 question—rate withheld: under 3 questions
- SWKSSkyworks Solutions · 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 | 6 | 0%none of 6 questions | 5 |
| 2024 Q4 | 22 | 23%5 of 22 questions | 14 |
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
- 2024 Q36 questions · challenge rate 0% (none of 6 questions) · 5 companies
- 2024 Q422 questions · challenge rate 23% (5 of 22 questions) · 14 companies
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Competitive Dynamics11
- Demand10
- Margin7
- Cloud & AI5
- Innovation & R&D5
- Revenue Growth5
- Pricing3
- Product Launch3
- Supply Chain3
- Guidance Reliability3
Show all 13 topics
- Cost Pressure3
- Inventory2
- Capex Investment2