260529_6415_矽力_ms_silergy

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原始內容

M May 29, 2026 03:56 AM GMT

Silergy Corp. | Asia Pacific

Asia AI Summit 2026 Feedback

Silergy AI Summit takeaways:

• 2026 full-year guidance: Management expect 20%+ Y/Y revenue growth in 2026, driven by data center and auto. 2H Y/Y growth is expected to accelerate vs. 1H.
• Margin outlook: GM declined in 1Q on inventory impairment, lower auto mix, and higher foundry costs. Management expect 1Q26 margins to mark the yearly bottom.
• End-market mix: Consumer 36%, automotive 13%, communication 6%, computer 14%, industrial 33% in 1Q26.
• Data center products: Enterprise SSD, optical module, and general server motherboards. Data center products span industrial and compute, ~15% of mix in 1Q26; management expect ~20% by year-end 2026.
• 8-inch/12-inch mix: In 2025, >90% of wafers were 8-inch. By year-end 2026, >20% will be 12-inch.
• Auto semi localization in China: The company benefits from industry consolidation and expanding global market share of Chinese auto makers.

Update

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare framework

Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision.

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