.Precise Market Insights.
166 posts
If you care about Physical AI
$AMBA $CEVA $QCOM $LSCC $OUST $VPG etc.
Especially Edge Compute
You should give this article a read:
cruxcapitalgroup.substack.com/p/when-the-rob…
In it I unpack what this insight from Sunday Robotics tells us, who some beneficiaries are and where their products fit, and how I position around this concept
Citrini@citrini
“Edge inference is not optional for home robots.”
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$MXL Earnings this week!
Another explosion coming?
Market cap: ~$6.6B
Next-quarter guide: ~$165M (+20.3% QoQ, +51.6% YoY)
My next 4q revenue estimate: $800–880M, 55–70% growth
My exit margins: 61–63% adjusted gross, 27–31% adjusted operating
MXL sits in the connectivity-silicon layer
Their exposure includes:
> 400G, 800G and 1.6T optical DSPs
> TIAs
> AECs and on-board retimers
> LPO, LRO, XPO and CPO
> Storage acceleration
> Data-center control and PON
nfrastructure grew 136% year over year and became MXL’s largest segment.
Management also raised its 2026 optical data-center revenue outlook to $150–170M.
The current engine is its 400G and 800G optical DSP portfolio, which is now ramping across multiple U.S. and Asian hyperscalers.
Important to know what that does for 1.6T. They have now completed interoperability testing, qualified with major customers and shown that they can supply product at scale.
That gives their next-generation 1.6T DSP a much better path into the market. Production should begin late in 2026 and expand through 2027.
MXL is also broadening its content with 200G-per-lane TIAs, AEC and retimer products for scale-up systems, and chips used for data-center management.
Storage acceleration is another overlooked piece. Management expects that revenue to at least double in 2026.
The margin improvement comes from the mix.
As optical DSPs and infrastructure become a larger percentage of revenue, I think gross margin can move above 60% while operating leverage pushes adjusted operating margin toward 30%.
Risks: hyperscaler concentration, advanced-wafer supply, working-capital needs, the Silicon Motion arbitration, 1.6T qualification timing and multiple compression.
NFA
Gaetano@crux_capital_
I believe that there is more interest in Photonics again $LITE $COHR $SIVE $AAOI $NOK etc. So my goal leading into earnings is to give a quick pulse check on where my favorite companies are at > What each business will look like over the next four quarters > Which products are coming online and changing the revenue mix > How quickly revenue and margins should grow > What next-quarter guidance already implies > How much execution is embedded in the current market cap And so on I haven't been posting too much on X lately but I will use this as a series to get a bit more active on here Hopefully it will bring some value! Either by seeing opportunity and building conviction or By getting a clearer picture that you still think they are overvalued Both could be valuable!
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5 Stocks that will have a STRONG Second Half in 2026…
1) Credo $CRDO
2) Sandisk $SNDK
3) Lumentum $LITE
4) Amazon $AMZN
5) SK Hynix $SKHY
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$XLK is the most underrated way to get RICH in the AI investment boom…
Information technology has the highest earnings growth expectations for the rest of 2026…
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Late-night snack run = warm stomach + fuzzy heart. Nothing beats a warm bowl of ramen for fixing the quiet post-midnight blues.，
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Just couldn’t wait to tear open this delivery! Inside is the new accessory I ordered—can’t wait to try it out!
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Just had the best time soaking up the art and cosplay vibes at today’s comic con—met amazing creators and scored so many cool limited merch!
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Join our neighborhood garden cleanup this Sat 9am at Central Park! Gloves u0026 snacks provided—let’s green our block together ,
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Just turned an old mason jar into a cute succulent planter! No fancy tools needed, perfect small DIY for lazy weekends
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Just whipped up garlic butter shrimp pasta in 15 mins! Fresh basil, a squeeze of lemon, and zero fancy ingredients – weeknight dinner win
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New to photography Start with mastering your camera's "auto" mode! It’s perfect for learning composition, lighting, and framing before moving to manual. #Photo101
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Just 20 pages into this new novel and already hooked—there’s nothing like a book that wraps you up and makes you forget the real world for a while.
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Just wrapped a 20-mine casual puzzle game win! Quick, relaxing and perfect for my afternoon break
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[I just aced my professional English certification exam! No more late-night cramming, proud of how hard I worked for this win ]
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