Every constraint in the optical and III-V supply chain hardened in the same direction: demand is outrunning capacity roughly 3x, and SMTC is doubling down on capex to chase it rather than moderating expectations.
Tessara post-call read · synthesized from the earnings-call transcriptreported May 26, 2026
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What moved, what it means for the thesis, and the signal others missed. Every name you cover, the night it prints.