All right back to $Semtech(SMTC.US) movie: "The bottleneck go Brrr":

My favorite quote was: "availability currently matters more than pricing".

In the current market for optical products.

- No near-term erosion is expected on booked optical orders, which signals they're passing cost increases through fine.

- I was actually curious most about Semtec's CW laser products after the HieFo takeover:

Semtech expects CW-laser revenue for transceivers to begin H1 FY28. Explicitly said capacity is limited.

They still seem materially further behind compared to the laser leaders, but they're making progress for 2027 ramp.

- TIA and driver solutions remain in exceptionally strong demand (confirmed from $Applied Optoelectronics(AAOI.US) earnings).

Continues to deepen engagement across all the leading hyperscalers.

"We are now designing to every module provider", expected 50%+ market share for 1.6T FiberEdge (TIA + driver) by years end.

Very strong statement to make about being majority market share.

- 1.6T FiberEdge qualifications finishing earlier than expected (good read through for your pluggable makers eg. AOI)

q: "quick thoughts on how long into 2028 does that backlog extend?"

a: The backlog for the remaining of this fiscal year, I would say for our target is all booked. For the next year, we probably over 70% there.

Management said current capacity may not be enough for fiscal 2028, especially in the second half (great demand visibility)

Q2 revenue:

- $341.9M vs. ~$329M expected

- adjusted EPS was $0.71 vs. $0.61

Q3 guidance was most exciting:

$410M revenue vs. ~$360M revenue

$1.05 EPS vs. $0.73 EPS.

yeah... just look at that beautiful revenue inflection Q/Q.

So gigantic beat, great read through on 1.6T ramp. I don't own Semtec, but these were amazing earnings.