Q4 FY2026 EarningsFY26 Q4 results slightly beat revenue expectations ($50.0M vs. $49.8M mean) but missed significantly on normalized EPS (-$0.23 vs. -$0.095 expected) due to a sharp gross margin compression to 35.3% vs. the 34.5% consensus floor. While silicon photonics revenue increased by $10.4M, this was offset by a $19.9M YoY decline in wafer-level contactors due to EV market softness. Despite the bottom-line miss, the company secured $97.4M via ATM offerings, significantly bolstering cash reserves to $116.5M to weather current cyclical headwinds.