原文：
Serenity 白毛女-中文翻译（公开）
Serenity 白毛女-中文翻译（公开）
原文：
$SIVE ER transcript just dropped, TLDR:
- 6 NEW pluggable players working with Sivers now.
Probably the biggest news of the entire ER next to new foundry allocations.
"3 are in alpha sample evaluation stage" and another 3 in technical engagement / supply assessment stage."
And now it makes more sense why their $1.2B revenue pipeline ballooned (since this was a bigger leap than Jabil).
- Initial production orders with $JBL expected in the first half of 2027, with the production ramp planned second half of 2027
LFG, Jabil is a massive hyperscaler supplier and finally got clear timelines on revenue from volume ramp.
- "new foundry partner who has brought on tremendous capacity that is available now"
This is what I wanted to hear. Apparently they've been in the works for this for awhile since it's "available now", and THIS IS VERY MATERIAL.
CW lasers are in a massive shortage and $SIVE brought on new supply outside of Win Semi (also de-risks).
As you hear with other qualified CW players (anything they make gets sold), so as Sivers partners finishes their qualifications, I'm expecting the same.
- "long-term capacity model where one-third of manufacturing capacity will be internal, while two-thirds will come from our foundry partners"
Lukewarm on this, it makes sense they need to be vertically integrated like $AAOI / $LITE eventually but implies more capex (better after NASDAQ listing).
As you see with ESMT + DDR2 bottlenecks, the operating income they get from just securing wafers during shortages and doing fabless models is incredible.
And it would make more sense to fund this with cashflow down the road.
- NASDAQ listing ongoing. CFO gave a very lawyer like answer, but on track as usual.
- "We do not see production capacity as a bottleneck at this point in time"
This is very meaningful since with their new foundry partners, implies $SIVE is
$SIVE ER transcript just dropped, TLDR:
- 6 NEW pluggable players working with Sivers now.
Probably the biggest news of the entire ER next to new foundry allocations.
"3 are in alpha sample evaluation stage" and another 3 in technical engagement / supply assessment stage."
And now it makes more sense why their $1.2B revenue pipeline ballooned (since this was a bigger leap than Jabil).
- Initial production orders with $JBL expected in the first half of 2027, with the production ramp planned second half of 2027
LFG, Jabil is a massive hyperscaler supplier and finally got clear timelines on revenue from volume ramp.
- "new foundry partner who has brought on tremendous capacity that is available now"
This is what I wanted to hear. Apparently they've been in the works for this for awhile since it's "available now", and THIS IS VERY MATERIAL.
CW lasers are in a massive shortage and $SIVE brought on new supply outside of Win Semi (also de-risks).
As you hear with other qualified CW players (anything they make gets sold), so as Sivers partners finishes their qualifications, I'm expecting the same.
- "long-term capacity model where one-third of manufacturing capacity will be internal, while two-thirds will come from our foundry partners"
Lukewarm on this, it makes sense they need to be vertically integrated like $AAOI / $LITE eventually but implies more capex (better after NASDAQ listing).
As you see with ESMT + DDR2 bottlenecks, the operating income they get from just securing wafers during shortages and doing fabless models is incredible.
And it would make more sense to fund this with cashflow down the road.
- NASDAQ listing ongoing. CFO gave a very lawyer like answer, but on track as usual.
- "We do not see production capacity as a bottleneck at this point in time"
This is very meaningful since with their new foundry partners, implies $SIVE is
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