Every growth thesis hardened at once. Over $250 million in indium phosphide laser orders, advanced packaging wins at OSATs, and a second HBM3e evaluation all widen the backlog, though an $8 million BIS license hit is a real friction cost.
Tessara post-call read · synthesized from the earnings-call transcriptreported May 5, 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.