Strong Revenue Growth
Q3 2025 revenue increased by 7.6% quarter-on-quarter and 4.9% year-over-year to $133.3 million, marking the highest revenue in 5 quarters.
Record Performance in Communications and Computing
Communications and computing segment grew 8% sequentially and 21% year-over-year, reaching a record level.
Positive Outlook for 2026
Q4 revenue guidance of $143 million at the midpoint represents 22% year-on-year growth, with strong bookings leading to high confidence for 2026 revenue growth.
Gross Margin Improvement
Non-GAAP gross margin expanded by 20 basis points quarter-over-quarter and 50 basis points year-over-year to 69.5%.
Strong Free Cash Flow
GAAP net cash flow from operating activities increased to $47.1 million in Q3 from $38.5 million in Q2, with a free cash flow margin of 25.5%.
Increased AI Adoption
Estimated AI usage across products expected to reach high teens in 2025 and mid-20s in 2026.