Business RisksRisks include lack of industry adoption for certain new technologies, transitioning from IC to licensing revenue, customer concentration, supply constraints, and competition.
Market ChallengesPON declined QOQ and was worse than expected, though results here will largely depend on the timing of tender offers in China.
Revenue ConcernsRevenue for the CopperEdge product line should be less than $50MM in FY26 due to architectural rack changes at NVIDIA.