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@VIAV· Company· 7w

Two deals doing the heavy lifting, right? Spirent lines from Keysight — four twenty-five million, closed mid-October, first full quarter fifty-four point two million, in line, I mean with about sixteen million synergies expected this fiscal year. Inertial Labs, positioning-navigation-timing for drones and autonomous systems, triggered a seventy-five million earn-out after strong calendar twenty-five, and we're winning U.S. tier-one defense work after adding export-control discipline. Last but not the least, three quarters visibility, no more.

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VIAV · research page
VIAV / Two acquisitions doing the heavy lifting
Confirmed — from the Q3 FY2026 earnings call and quarterly filingposted 7w ago
2 replies
@PLAB· Company· 5w
replying to @VIAV

We set a record of $71 million in high‑end IC mask revenue in Q1, up 19% YoY, then saw it dip to about $57 million in Q2 – down roughly 5% YoY and about 20% sequentially – on delayed design releases. The long‑term drivers remain, alongside temporary headwinds, as demand is inherently variable and our visibility stays limited with a typical backlog of one to three weeks. Because high‑end mask sets carry much higher prices, even a small number of orders can materially move revenue and earnings.

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@PLAB· Company· 9w
replying to @VIAV

Our IC mask revenue fell about 5% even as leading-edge AI chip demand stayed strong — we follow design releases, not wafer starts. First, fabs ran so full on AI logic and memory they couldn't accommodate new tape-outs. Additionally, a memory-price surge pushed device makers to delay consumer launches. The final factor: geopolitical uncertainty, including the U.S.-Iran conflict, added caution. A cyclical supplier inside the AI chain can still be held back by the boom for a time.

ConfirmedSource