Earnings Call Transcripts

Access detailed transcripts and key takeaways from company earnings calls

All Earnings Calls

SMTC March 16, 2026

Semtech Corporation Q4 FY2026 Earnings Call - Data center momentum, HieFo deal lifts optics content and power-efficiency edge

Semtech closed FY2026 with a record $1.05 billion in revenue and clear momentum out of the data center franchise. Management framed the HieFo acquisition as a step-change: adding indium phosphide gain...

  • Record FY2026 revenue of $1.05 billion, up 15% year over year, and Q4 net sales of $274.4 million, up 9% year over year.
  • Management expects data center revenue to grow over 50% year over year in fiscal 2027, driven by ACC, 1.6T FiberEdge ramps, and linear equalizers onboard.
  • Semtech acquired HieFo, gaining indium phosphide expertise: gain chips and CW lasers used in tunable lasers and high-efficiency transceivers.
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LIDR March 16, 2026

AEye Fourth Quarter 2025 Earnings Call - Commercial Momentum Accelerates with Apollo and Stratos as Cash Runway Extends into 2028

AEye says 2025 was the year it moved from lab to lanes, converting evaluation work into a broader commercial pipeline while shoring up the balance sheet. The company closed the year with $86.5 million...

  • AEye ended 2025 with $86.5 million in cash and marketable securities, and management says the company is funded well into 2028.
  • Q4 GAAP net loss was $7.3 million, or $0.17 per share, improved from a $9.3 million GAAP loss in Q3 2025; non-GAAP net loss was $6.8 million, or $0.15 per share.
  • Q4 cash burn excluding financing rose to $7.5 million from $6.4 million in Q3, driven by higher engineering costs, professional services, insurance, and purchases of long-lead components.
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DCGO March 16, 2026

DocGo Q4 2025 Earnings Call - SteadyMD lifts guidance, path to adjusted EBITDA profitability in H2 2026, strategic review launched

DocGo closed 2025 with a mixed quarter: revenue beat the top end of guidance at $74.9 million, but adjusted EBITDA showed an ~$11 million loss as one-time wind down costs from migrant programs dented ...

  • Q4 revenue was $74.9 million, while the company reported an adjusted EBITDA loss of roughly $11.3 million to $11.6 million for the quarter.
  • DocGo raised full-year 2026 revenue guidance to $290 million to $310 million, up from $280 million to $300 million, and tightened adjusted EBITDA loss guidance to $5 million to $10 million from a prior $15 million to $25 million.
  • SteadyMD was the standout, generating more than $8 million in revenue in Q4 (DocGo recorded $6.1 million post-acquisition), with full-year patient interactions rising to over 4 million from 2.5 million a year earlier and gross margins improving from ~30% to 37%.
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BW March 16, 2026

Babcock & Wilcox Enterprises Q4 2025 Earnings Call - $2.4B Base Electron win pushes AI data center play and lifts 2026 adjusted EBITDA guide

Babcock & Wilcox announced a material shift in scale and strategy, converting a limited notice to proceed into a $2.4 billion full notice with Base Electron, intended to supply 1.2 gigawatts of grid-c...

  • Babcock & Wilcox moved from a limited notice to proceed to a full notice, booking a $2.4 billion contract with Base Electron to deliver 1.2 GW of grid-connected power for AI data center campuses.
  • Of the Base Electron contract, just over $430 million is fixed price for boilers and steam turbines, with the remainder structured as cost-plus; Applied Digital is backstopping Base Electron's obligations.
  • Management raised 2026 adjusted EBITDA guidance to $80 million-$100 million, citing both the Base Electron contract and stronger parts and services demand as drivers.
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PLBY March 16, 2026

Playboy, Inc. Q4 2025 Earnings Call - UTG China Deal to Slash Debt and Accelerate Media-Led Growth

Playboy closed 2025 having turned the corner from restructuring to growth. The company reported Q4 revenue of $34.9 million, net income of $3.6 million, and a fourth consecutive quarter of positive ad...

  • Q4 revenue was $34.9 million, up from $33.5 million in Q4 2024, paced by licensing and Honey Birdette strength.
  • Net income improved to $3.6 million, or $0.03 per share, versus a $12.5 million loss a year earlier.
  • Adjusted EBITDA was $7.1 million in Q4, marking four consecutive quarters of positive adjusted EBITDA; excluding litigation, adjusted EBITDA would have been $8.0 million.
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ASRT March 16, 2026

Assertio Holdings Fourth Quarter and Full Year 2025 Earnings Call - Rolvedon relabel launch in Q2 2026 to drive revenue recovery and margin expansion

Assertio says 2026 is essentially a Rolvedon story. Management completed integration and relabeling work in Q4 2025, pulled forward channel shipments into the prior quarter to avoid supply disruption,...

  • Rolvedon is the companys core growth engine, with IP protection into 2039 and management targeting lifecycle management to maximize long-term value.
  • Newly labeled Rolvedon sales are expected to begin in the second quarter of 2026 after a distribution and relabel transition completed in Q4 2025.
  • Management pulled forward roughly two quarters of wholesaler demand into Q3 2025 to ensure uninterrupted patient supply, which depressed reported Q4 2025 Rolvedon revenue.
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PRSO March 16, 2026

Peraso Inc. Q4 2025 Earnings Call - Millimeter-wave revenue ramps, defense and edge AI wins, but Q1 shipment delay trims near-term guidance

Peraso closed 2025 with clear commercial traction for its 60 GHz millimeter wave products, driving full-year millimeter wave revenue to $9.1 million from $1.3 million in 2024 and supporting healthier ...

  • Peraso finished 2025 with Q4 revenue of $2.9 million and full-year revenue of $12.2 million, down from $14.6 million in 2024.
  • Millimeter wave product revenue exploded year over year to $9.1 million for 2025 from $1.3 million in 2024, roughly a sixfold increase.
  • Q4 millimeter wave sales were $2.4 million, up from $0.2 million in Q4 2024 but down from $3.0 million in the prior quarter, reflecting lumpy orders.
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KLTR March 16, 2026

Kaltura Q4 2025 Earnings Call - PathFactory acquisition accelerates shift to agentic digital experience platform

Kaltura closed Q4 with steady top-line metrics and a clean, profitable quarter while announcing a strategic bolt-on that rewrites its addressable market. Q4 revenue was $45.5 million, subscription rev...

  • Q4 2025 total revenue was $45.5 million, subscription revenue $42.7 million, both above midpoint guidance.
  • Adjusted EBITDA reached a record $6.3 million in Q4, marking the tenth consecutive quarter of adjusted EBITDA profitability.
  • Full year 2025 adjusted EBITDA was $18.6 million, a 150% year-over-year increase versus 2024.
  • +12 more takeaways
MVST March 16, 2026

Microvast Holdings, Inc. Full Year 2025 Earnings Call - Record revenue and adjusted EBITDA despite $32.5M inventory hit; Huzhou 3.2 ramp targeted for 2026

Microvast closed 2025 with record revenue of $427.5 million, a 12.6% increase year-over-year, and a material swing in operating performance: GAAP net loss of $29.2 million versus a non-GAAP adjusted n...

  • Record revenue of $427.5 million in 2025, up 12.6% year-over-year, driven by ~16.5% increase in sales volume (266 MWh).
  • GAAP net loss of $29.2 million, but non-GAAP adjusted net profit of $13.0 million and adjusted EBITDA of $44.7 million, signaling a measurable move toward profitability.
  • A $32.5 million inventory impairment tied to specialized ESS components reduced gross margin by 7.6 percentage points; reported gross margin was 28.6% versus 31.5% in 2024.
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GETY March 16, 2026

Getty Images Q4 2025 Earnings Call - Two Large Licensing Deals Pushed Record Revenue, Setting Up a Tough 2026 Compare

Getty closed 2025 with record revenue of $981.3 million and a surprisingly strong Q4: $282.3 million, up 14.1% year-over-year, driven largely by two multi-year licensing agreements that produced $40 m...

  • Getty reported record full-year revenue of $981.3 million in 2025, up 4.5% year-over-year (3.8% currency neutral).
  • Q4 revenue was $282.3 million, up 14.1% year-over-year (12.7% CN); Q4 adjusted EBITDA was $104.1 million, up 29.1% with a 36.9% margin.
  • Two unnamed multi-year licensing agreements drove approximately $40 million of accelerated revenue in Q4 2025, with combined total deal value of about $65 million and cash impacts of ~$15 million in 2025 and ~$20 million in 2026. Management says these deals add recurring streams tied to social display and AI/data uses.
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