Strong Earnings Outlook

Non‑GAAP earnings per share hit $0.77, a 24 % year‑over‑year gain and a 21 % sequential rise, comfortably above the consensus estimate of $0.71. GAAP diluted EPS was $0.61. Operating cash flow was $61 million and free cash flow $49 million, with a cash and marketable securities balance of $825 million. Management expects the silicon IP business to grow 10 % to 15 % annually, supported by new design wins from hyperscalers, custom silicon companies and emerging AI chip developers. Recent wins include a Tier‑1 U.S. hyperscaler for next‑generation high‑bandwidth memory IP and a design win for an AI‑focused HBM IP.