Release Date: February 06, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Could you talk about the dynamics in the March quarter, especially by segment? A: Bernie Blegen, CFO: For Q1, automotive and communications are expected to drive growth. Memory demand is strong, and notebooks are seeing an uplift. Industrial consumer products will contribute later in 2025, while enterprise data will be down.
Q: How should we think about the enterprise data business throughout 2025? A: Michael Hsing, CEO: The enterprise data segment is a multibillion-dollar opportunity. We expect a slower start in the first half of the year, with growth picking up as hyperscalers launch new products. Overall, it could be a flattish year, but we are prepared for growth.
Q: Can you update us on the number of accelerated projects expected to ramp this year and into 2026? A: Tony Balow, EVP and CFO: We are engaged with all hyperscalers, but the exact timing of ramps is difficult to predict. We have multiple projects in the pipeline, and we expect scaling in the second half of the year.
Q: What is your potential content per vehicle in the automotive sector with the shift to 48-volt systems? A: Michael Hsing, CEO: We have products ready for 48-volt systems, which are becoming more prevalent in the automotive sector. This shift allows us to capture significant market share as these vehicles ramp up.
Q: Can you provide insights into the enterprise data market share dynamics, especially in the server CPU side? A: Bernie Blegen, CFO: The lines between CPU and GPU are blurring, making it hard to offer specific commentary. We have significant shares in the server market, and as it ramps up, our revenue will follow.
Q: Were there any customers contributing more than 10% of revenue in fiscal year '24? A: Bernie Blegen, CFO: Yes, we had two direct distributor customers and one indirect customer exceeding 10% of revenue throughout the year.
Q: How do you see revenue diversification outside of traditional power management markets? A: Michael Hsing, CEO: We are exploring opportunities in data converters, silicon carbide, DSP audio, and battery management systems. These represent billion-dollar opportunities, but we are not providing specific timelines.
Q: What is the expected revenue pattern through 2025, considering enterprise data might be more second-half weighted? A: Bernie Blegen, CFO: We anticipate a flattish year with a back-half weighting due to design wins and expected ramps. However, the exact quarterly distribution is uncertain.
Q: How do you view the competitive environment in hyperscale programs and ASIC engagements? A: Bernie Blegen, CFO: Our innovation and time to market give us a first-mover advantage. We focus on providing high-quality products, but customer decisions are beyond our control.
Q: What is driving notebook strength in the first quarter? A: Bernie Blegen, CFO: Recent design wins in notebooks are tied to new AI product demand, contributing to an atypical ramp in Q1.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.