u/StrawberryOk8459

Revenue surged 42.8% YoY, non-GAAP EPS beat estimates, and guidance implies continued growth; the GAAP net income drop is driven by one-time restructuring, acquisition integration, and debt refinancing costs. The market has focused on growth and AI exposure, ignoring temporary accounting hits. Optical sector catalysts (upcoming sector reports) could sustain upward momentum. Strong revenue momentum, improving gross margins, and AI/data center demand support a long trade, with the stock already hitting new highs post-earnings. Negative cash flow, weak GAAP profitability, and potential slowdown in AI spending or optical demand could reverse gains.