01 · 损益表
季度指标
| 指标 |
Q4 FY2025 |
Q3 FY2025 |
Q/Q |
Q4 FY2024 |
Y/Y |
| 营收 Revenue |
$3,655M |
$3,194M |
+14% |
$2,546M |
+44% |
| 毛利率 Gross Margin (GAAP) |
11.8% |
13.0% |
-1.2 ppt |
11.7% |
+0.1 ppt |
| 毛利率 Gross Margin (Non-GAAP) |
11.3% |
— |
— |
11.0% |
+0.3 ppt |
| 研发费用 R&D |
$30M |
$36M |
-17% |
$23M |
+29% |
| 销售及管理 SG&A |
$70M |
$38M |
+83% |
$58M |
+22% |
| 折旧摊销 D&A |
$53M |
$40M |
+31% |
$40M |
+32% |
| 股权激励 SBC |
$13M |
$16M |
-17% |
$10M |
+29% |
| 营业利润 Operating Income (GAAP) |
$314M |
$325M |
-3% |
$203M |
+55% |
| 利息费用 Interest Expense |
$13M |
$13M |
-2% |
$12M |
+6% |
| 净利润 Net Income (GAAP) |
$268M |
$268M |
-0% |
$152M |
+76% |
| 净利润 Net Income (Non-GAAP) |
$219M |
— |
— |
$130M |
+68% |
补充指标
| 指标 |
Q4 FY2025 |
Q3 FY2025 |
Q/Q |
Q4 FY2024 |
Y/Y |
| 每股收益 EPS (GAAP) |
$2.31 |
$2.31 |
+0% |
$1.29 |
+79% |
| 每股收益 EPS (Non-GAAP) |
$1.89 |
— |
— |
$1.11 |
+70% |
| 稀释股数 Diluted Shares |
116M |
116M |
+0% |
117M |
-1% |
| 实际税率 Effective Tax Rate |
11.0% |
13.9% |
-2.9 ppt |
20.0% |
-9.0 ppt |
end_market
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| CCS |
$2,860M |
78.3% |
— |
+64% |
| ATS |
$800M |
21.9% |
+2% |
-1% |
CCS = Connectivity & Cloud Solutions（Communications + Enterprise/servers & storage）；ATS = Advanced Technology Solutions（Aerospace & Defense, Industrial, HealthTech, Capital Equipment）。CCS 同比 +64%，ATS 同比 -1%。CCS segment margin 8.4%（Q4 2024: 7.9%）；ATS segment margin 5.3%（Q4 2024: 4.6%）。HPS（Hardware Platform Solutions）收入约 $1,400M，同比 +72%。
customer
| 板块 |
收入 |
占比 |
QoQ |
YoY |
| 第一大客户 |
$0M |
0.0% |
— |
— |
| 第二大客户 |
$0M |
0.0% |
— |
— |
| 第三大客户 |
$0M |
0.0% |
— |
— |
Q4 2025 有三家客户各自占总收入 10% 以上（36%、15%、12%）。