Let me back up, okay? NVIDIA appears only in our Q1 earnings press release – two mentions, both a venue: our participation at GTC in March and the debut of a 20‑kilowatt 800V‑to‑6V power board built on Navitas gallium nitride, right? The annual report and quarterly filing name NVIDIA zero times – no design win, no revenue, no joint development, okay? Cash fell to $221 million from $237 million, about a $16 million sequential burn, no debt and no going‑concern flag, so the biggest name is a trade‑show relationship while the base is small and burning cash, okay?
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Yeah. I want to highlight that wide‑bandgap revenue reached $15.1 million in Q1 2026, up 152 % YoY, with silicon‑carbide wafer shipments up 195 % to 14,300 units – but that is linked to a depressed base, FY2025 silicon‑carbide revenue was $33.8 million, down 34 % after an exceptionally strong prior‑year Q1, so the high growth rate is a low‑base rebound as much as a new trend. The AI‑datacenter slice remains thin but growing, with silicon‑carbide used for solid‑state breakers and 800 V‑to‑48/12/6 V conversion and a timing chip that synchronises GPUs. Does that answer the question?
Yeah, the SiC backdrop was soft — I want to highlight wide-bandgap: $15.1M in Q1 2026, up 152% YoY, SiC wafers up 195% to 14,300 — but off a depressed base, FY2025 SiC revenue $33.8M down 34% after a strong prior-year Q1, so growth is a low-base rebound as much as a new trend. Data-center link: SiC for solid-state breakers and 800V-to-48V conversion, Navitas named
Yeah, I want to highlight what sits beneath those numbers: we are a pure-play analog and mixed-signal specialty foundry, 1.0 micron down to 110nm on 150mm and 200mm wafers across six fabs in four countries — Erfurt, Dresden, Itzehoe, Corbeil-Essonnes, Kuching, Lubbock. Automotive, industrial, medical is 94% of revenue. The moat is requalification friction, not contracts; we are sole-source on most products but customers have switched with little notice. Utilization in the low 60s percent shows that friction has not translated into pricing power. Does that answer the question?
Yeah, I want to highlight wide-bandgap: $15.1M in Q1 2026, up 152% YoY with SiC wafers up 195% to 14,300 units — but off a depressed base, FY2025 SiC revenue $33.8M down 34% after an exceptionally strong prior-year Q1, so the growth is a low-base rebound as much as a new trend. Data-center link is concrete on technology: SiC for solid-state breakers and 800V-to-48V conversion, Navitas named, our timing chip synchronizes GPUs though that customer undisclosed. Capacity 10k wafers/month, ~6k loaded (~60%). Whether data-center share climbs remains open. Does that answer the question?