Q4 net income $40.7M, $0.81 diluted EPS vs. $37.7M, $0.77 in Q4 2024 (CFO)
Full-year revenue mix: ~50% AI-related, 20% other advanced packaging, remainder from CMOS image sensors, compound semiconductors, front-end, general 2D (prepared)
Q4 geographic split: Asia 89%, rest of world 11% (CFO)
Q4 operating expenses $28.7M vs. $23.1M in Q4 2024 and $27.2M in Q3 2025 (CFO)
Q4 cash from operations $61.2M; cash & equivalents $851.1M at Dec 31, 2025 vs. $794M at end of Q3 (CFO)
Accounts receivable down $22M to $90.8M; DSO improved to 65 days from 81 days (CFO)
Inventory reduced by $50M to support expected revenues (CFO)
Official guidance: Q1 2026 revenue ~$120M; full-year 2026 expected to be double-digit growth (prepared)
Announced $25M order from IDM customer for multiple Hawk systems, bringing total from that customer to ~$45M (prepared)
Hawk and Eagle Gen 5 accounted for ~30% of 2025 revenues; expected to be at least 50% in 2026 (prepared)
Mgmt quotes
"We have not lost any market share to competitors. We also estimate that we will be able to increase our market share this year." (Ramy Langer, COO)
"The transition to HBM4 is already in process, and represents a major opportunity for us." (Ramy Langer, COO)
"We are the tool of reference for 3D metrology at all major players." (Ramy Langer, COO)
"We do expect an improvement in the second half of the year... we believe that we are positioned well to benefit from this and improve the gross margin later in the year." (Moshe Eisenberg, CFO)
"We are ready to respond to any demand that will come from the market." (Ramy Langer, COO)