Direct sales to one semiconductor solutions customer, which is a distributor, accounted for 42% of our net revenue for each of the fiscal quarter and two fiscal quarters ended May 3, 2026, and 29% of our net revenue for each of the fiscal quarter and two fiscal quarters ended May 4, 2025.
We believe aggregate sales to our top five end customers, through all channels, accounted for approximately 45% of our net revenue for each of the fiscal quarter and two fiscal quarters ended May 3, 2026.
The loss of, or any substantial reduction in our sales to, any of our top five end customers could have a material adverse effect on our business, results of operations and financial condition.
two findings, in the order they were read
The disclosed revenue concentration from the single distributor customer increased from 42% to 50% for the fiscal quarter, bearing on the customer concentration risk.
The report says this changed. It does not say whether that is good or bad, so neither do we.
before · MD&A · 2026-05-03 → 2026-08-02