PM Portfolio Manager Reports

From Portfolio Manager reports

Edge AI Silicon And Endpoint Compute

Edge AI silicon and endpoint compute covers the chips and local compute boards that let cameras, vehicles, robots, industrial controllers, wearables, and defense endpoints run sensing, control, and inference near the machine instead of sending every decision to a cloud data center. The stack includes system-on-chip processors, field-programmable gate arrays, microcontrollers, automotive ADAS processors, connectivity chips, software toolchains, and production programs at device makers and auto suppliers. The node converts into company economics when design wins become shipped units, reported quarterly revenue, durable gross margin, clean inventory, and cash conversion. AMBA ranks first because its low-power vision SoCs have the cleanest direct tie to edge perception and robotics; NXPI, QCOM, and LSCC add scaled auto, industrial, on-device AI, and low-power control exposure.

Report boundary: this node is a tactical report layer. It ranks the current endpoint-compute basket, source-backed exposure, selected-security chart route, and source trail after the parent theme expanded the ticker universe. Durable research, claim IDs, raw source registries, and security-lane maintenance stay in the linked knowledge pages. Price and volume context comes from read-only discovery daily_ohlc through 2026-06-12.

Current Setup

Endpoint conversion gate Local AI demand matters only when design wins become shipped chip revenue.

The best evidence is reported production revenue, end-market mix, gross margin, inventory conversion, and customer breadth. AMBA has the cleanest edge-vision fit; NXPI, QCOM, and LSCC bring scale but carry broader semiconductor exposures.

Positive proof AMBA, QCOM, NXPI, and LSCC already disclose relevant revenue. Watch Q2 guide delivery, auto and IoT mix, Compute and Communications growth, and distributor sell-through.
Conversion gate Production ramps must beat roadmap language. Named customer programs, channel inventory, gross margin, and cash flow decide whether design wins are investable.
Primary constraint Indirect exposure and stale setup levels limit the read. Several names move on handsets, analog restocking, financing, or broad semiconductor beta rather than endpoint AI proof.
  1. Demand sourceCameras, vehicles, robots, industry
  2. Chip functionSense, infer, control, connect
  3. Collection routeDesign win to production
  4. Proof pointRevenue, margin, cash

Selected-security right-rail charts call the report API with as_of=latest. Static setup thresholds from the prior 2026-06-05 page are stale because local daily_ohlc now runs through 2026-06-12; refresh setup levels before using them as current trading evidence.

Basket

This basket is hand-curated from the refreshed parent theme, the knowledge lanes, official company releases, read-only discovery market data, and the prior ranking work embedded in this node. Ranking uses source-backed node exposure and operating proof before technical timing. Core names have the clearest combination of endpoint-compute relevance, production scale, and disclosure. Option names have real node exposure but need cleaner conversion evidence. Watch and comparable names stay in the basket because the parent universe includes them, but their endpoint-AI evidence is either indirect, transition-heavy, or too speculative.

AMBA Ambarella, Inc.

Direct low-power edge-vision SoC supplier tied to cameras, robotics, security, telematics, and vehicle perception.

Market cap$3.3B
Next earningsNot confirmed
Latest qtr revenue$100.4M

Role in stack

Ambarella sells edge-AI vision SoCs to camera, security, robotics, telematics, ADAS, and edge-infrastructure customers. The gate is whether CV and N-series programs, LTAs, and customer ramps become shipped SoC revenue with high gross margin and lower distributor concentration.

Revenue mix

One reportable segment. Management mix puts IoT at roughly three-fourths of Q1 FY2027 revenue and automotive at roughly one-fourth; the knowledge lane records edge AI as about 80% of FY2026 revenue.

Latest qtr revenue

Q1 FY2027 revenue was $100.4M for the quarter ended April 30, 2026, up 16.9% year over year; source is Ambarella's May 28, 2026 Q1 FY2027 earnings release and linked AMBA lane.

NXPI NXP Semiconductors N.V.

Scaled automotive and industrial embedded-control supplier with clean production revenue but broader exposure than pure edge AI.

Market cap$74.4B
Next earningsNot confirmed
Latest qtr revenue$3.181B

Role in stack

NXP sells embedded processors, secure connectivity, RF, automotive and industrial control silicon, and data-center control-plane chips to OEM, industrial, and infrastructure customers. Conversion depends on content per system, design-in durability, channel sell-through, margin, and free cash flow.

Revenue mix

Q1 2026 revenue was $1.782B Automotive, $628M Industrial & IoT, $391M Mobile, and $380M Communication Infrastructure & Other.

Latest qtr revenue

Q1 2026 revenue was $3.181B, up 12.2% year over year; source is NXP's April 28, 2026 Q1 results release and linked NXPI lane.

QCOM Qualcomm Incorporated

Scaled on-device AI, automotive, IoT, connectivity, and custom-silicon route funded by the handset and licensing base.

Market cap$230.9B
Next earningsNot confirmed
Latest qtr revenue$10.599B

Role in stack

Qualcomm sells Snapdragon, automotive, IoT, connectivity, on-device AI, and emerging custom-silicon platforms into handsets, vehicles, PCs, industrial edge devices, and infrastructure customers. Conversion depends on QCT automotive and IoT growth, on-device AI attach, named OEM launches, and data-center disclosure.

Revenue mix

Q2 FY2026 mix was QCT handsets $6.024B, automotive $1.326B, IoT $1.726B, and QTL $1.382B. Handset and QTL cash flows fund the broader endpoint platform.

Latest qtr revenue

Q2 FY2026 revenue was $10.599B; automotive grew 38% year over year and IoT grew 9%. Source is Qualcomm's April 29, 2026 Q2 FY2026 results release and linked QCOM lane.

LSCC Lattice Semiconductor Corporation

Low-power FPGA and control-silicon supplier with strong Compute and Communications growth and distributor concentration risk.

Market cap$17.4B
Next earningsNot confirmed
Latest qtr revenue$170.9M

Role in stack

Lattice sells low-power FPGAs and control silicon into AI servers, embedded control, industrial, robotics, machine vision, and edge-AI attach points. The gate is Compute and Communications growth, high gross margin, distributor sell-through, and AMI transaction execution.

Revenue mix

Q1 2026 Compute and Communications revenue was $106.6M, or 62.4% of revenue; Industrial and Embedded was $64.3M. Distributor revenue was 94%, so sell-through evidence matters.

Latest qtr revenue

Q1 2026 revenue was $170.9M, up 42% year over year, with 68.8% gross margin; source is Lattice's May 4, 2026 Q1 results release and linked LSCC lane.

MBLY Mobileye Global Inc.

Vehicle endpoint-compute supplier where EyeQ normalization and advanced ADAS wins decide conversion quality.

Market cap$7.7B
Next earningsNot confirmed
Latest qtr revenue$558.0M

Role in stack

Mobileye supplies EyeQ ADAS and higher-content autonomy SoCs into OEM vehicle programs. Conversion depends on unit normalization, Surround ADAS and SuperVision awards, Chauffeur and Drive milestones, and adjusted operating income from vehicle endpoint compute.

Revenue mix

EyeQ was about 92% of Q1 2026 revenue, and the Mobileye segment represented nearly all revenue. Advanced autonomy product economics are not separately disclosed.

Latest qtr revenue

Q1 2026 revenue was $558.0M, up 27% year over year; source is Mobileye's April 23, 2026 Q1 results release and linked MBLY lane.

AMBQ Ambiq Micro, Inc.

Ultra-low-power endpoint-AI SoC route with high purity and short public-company proof history.

Market cap$943.9M
Next earningsNot confirmed
Latest qtr revenue$25.1M

Role in stack

Ambiq sells ultra-low-power Apollo and Atomiq SoCs and endpoint-AI software into battery-constrained device makers. The gate is production designs, customer diversification, TSMC supply, mid-40s non-GAAP gross margin, and lower cash burn as revenue scales.

Revenue mix

The knowledge lane does not support a precise end-market split. Product evidence is Apollo and Atomiq, and the top three customers were about 71% of Q1 2026 sales.

Latest qtr revenue

Q1 2026 sales were $25.1M, up 59.3% year over year; source is Ambiq's May 12, 2026 Q1 results release and linked AMBQ lane.

SYNA Synaptics Incorporated

Endpoint processor, connectivity, sensing, and Edge AI route that still needs cleaner GAAP and cash conversion.

Market cap$4.8B
Next earningsNot confirmed
Latest qtr revenue$294.2M

Role in stack

Synaptics sells Core IoT processors, connectivity, sensing, and Edge AI/Astra products into endpoint devices. Conversion depends on design wins becoming production revenue with cleaner GAAP results, working-capital control, and free-cash-flow quality.

Revenue mix

Q3 FY2026 mix was Enterprise and Automotive 57.1%, Core IoT 30.0%, and Mobile 12.9%. Category profit is not disclosed.

Latest qtr revenue

Q3 FY2026 revenue was $294.2M, up 10.4% year over year; source is Synaptics' May 7, 2026 Q3 FY2026 release and linked SYNA lane.

INDI indie Semiconductor, Inc.

Automotive ADAS, radar, vision, LiDAR, and perception-silicon option with transition and cash-burn risk.

Market cap$906.0M
Next earningsNot confirmed
Latest qtr revenue$55.5M

Role in stack

indie sells automotive ADAS, radar, vision, LiDAR, photonics, and perception semiconductor programs into Tier 1 and OEM vehicle channels. Conversion depends on core ADAS revenue scaling after Wuxi separation, recurring production orders, and lower cash burn.

Revenue mix

Q1 2026 product revenue was 93% of revenue. Wuxi was 38% of Q1 revenue, so core revenue is implied near 62% before separation.

Latest qtr revenue

Q1 2026 revenue was $55.5M, up 3% year over year; source is indie's May 7, 2026 Q1 results release and linked INDI lane.

STM STMicroelectronics N.V.

Broad MCU, sensor, embedded, power, analog, and custom-processing comparable with indirect endpoint-AI proof.

Market cap$52.6B
Next earningsNot confirmed
Latest qtr revenue$3.095B

Role in stack

STMicro sells MCUs, custom processing, MEMS and sensors, RF/optical, power, analog, and embedded chips into endpoint, automotive, industrial, and infrastructure systems. Conversion depends on utilization, segment margin repair, and data-center or LEO program revenue rather than pure endpoint-AI proof.

Revenue mix

Broad IDM mix across Analog, MEMS and Sensors; Power and Discrete; Embedded Processing; and RF/Optical Communications, with end markets including auto, industrial, personal electronics, communications, computers, and peripherals.

Latest qtr revenue

Q1 2026 revenue was $3.095B, up 23% year over year; source is STMicroelectronics' April 23, 2026 Q1 release and linked STM lane.

MCHP Microchip Technology Incorporated

Broad embedded-control and connectivity comparable that needs restocking to become durable sell-through.

Market cap$53.6B
Next earningsNot confirmed
Latest qtr revenue$1.311B

Role in stack

Microchip sells MCUs, analog, FPGA, timing, Ethernet, PCIe, security, memory, and embedded-control chips into industrial, automotive, data-center, defense, consumer, and communications endpoints. Conversion depends on broad embedded restocking and quantified AI/data-center connectivity revenue.

Revenue mix

FY2026 sales were 50.0% mixed-signal microcontrollers, 28.2% analog, and 21.8% other; distributors were 47% of sales.

Latest qtr revenue

Q4 FY2026 net sales were $1.311B for the quarter ended March 31, 2026; source is Microchip's May 7, 2026 Q4 and FY2026 results release and linked MCHP lane.

TXN Texas Instruments Incorporated

Analog and embedded-processing context comp where the direct endpoint-AI link is weaker than broad industrial and auto recovery.

Market cap$261.9B
Next earningsNot confirmed
Latest qtr revenue$4.825B

Role in stack

Texas Instruments sells analog power, signal-chain, and embedded processing that supports sensors, power, control, and endpoint electronics. Conversion depends on broad industrial and auto recovery, factory loading, and free cash flow per share.

Revenue mix

Q1 2026 revenue was $3.924B Analog, $723M Embedded Processing, and $178M Other; FY2025 industrial and automotive were each about 33% of revenue.

Latest qtr revenue

Q1 2026 revenue was $4.825B, up 19% year over year; source is TI's April 22, 2026 Q1 results release and linked TXN lane.

BZAI Blaize Holdings, Inc.

Direct programmable edge-AI inference option where revenue conversion, customer concentration, liquidity, and dilution dominate.

Market cap$266.0M
Next earningsNot confirmed
Latest qtr revenue$2.7M

Role in stack

Blaize sells programmable edge-AI inference hardware, software, and AI Services into rugged edge, industrial, sovereign AI, and hybrid compute customers. Conversion requires NeoTensr, Winmate, Nokia, Datacomm, and service opportunities to ship, be accepted, be collected, and diversify revenue.

Revenue mix

One operating segment. Q1 2026 revenue was 94.9% from one related-party customer; future mix between proprietary hardware, third-party systems, software, and AI Services is not mature.

Latest qtr revenue

Q1 2026 revenue was $2.738M; source is Blaize's May 14, 2026 Q1 results release and linked BZAI lane.

Market caps use read-only Discovery instruments.market_cap values queried on 2026-06-13. Nasdaq earnings pages for the basket were checked on 2026-06-13 and did not provide confirmed next earnings dates, so every card labels the date field Not confirmed. Latest-quarter revenue metrics use the linked security lanes and official company releases.

What Confirms Or Weakens

Area What confirms What weakens or invalidates Watch next
01 Node thesis Design wins become production
What confirms

New design wins, production ramps, named OEM, Tier 1, robotics, security-camera, defense, or industrial customer evidence show that endpoint silicon demand is becoming reported revenue.

What weakens or invalidates

Reported growth comes mainly from unrelated handsets, licensing, analog restocking, data-center infrastructure, or legacy products rather than local AI and endpoint control.

Watch next
  • AMBA CV and N-series ramps
  • QCOM auto, IoT, and custom silicon
  • NXPI and LSCC production mix
02 Economics Revenue, margin, cash
What confirms

Revenue lands within or above guidance while gross margin, inventory, channel sell-through, and free cash flow improve enough to show production economics.

What weakens or invalidates

Guidance is cut, gross margin compresses, inventory or distributor receivables rise faster than revenue, or design-win language stays unquantified.

Watch next
  • AMBA Q2 FY2027 guide
  • LSCC distributor sell-through
  • AMBQ gross margin and cash burn
03 Customer Program breadth
What confirms

Customer concentration falls, distributor sell-through stays clean, and named customer programs move beyond demos, reference platforms, or potential-value LTAs.

What weakens or invalidates

WT, top-customer, related-party, OEM, Tier 1, distributor, TSMC, STMicro, China, tariff, or export-policy exposure becomes an order, margin, or working-capital problem.

Watch next
  • AMBA WT and Asia mix
  • AMBQ top-three customer share
  • BZAI related-party concentration
04 Funding Balance sheet and dilution
What confirms

Cash generation funds growth, transactions close with acceptable leverage or dilution, and smaller names show revenue growth without escalating share issuance.

What weakens or invalidates

AMI or Silicon Labs financing absorbs too much flexibility, small-cap burn persists, going-concern language remains, or dilution grows faster than production evidence.

Watch next
  • LSCC AMI financing
  • TXN Silicon Labs terms
  • INDI, AMBQ, and BZAI cash use
05 Policy and supply Foundry and export gates
What confirms

Foundry, OSAT, memory, and component availability support shipments, while tariff and export-control disclosures do not disrupt customer ramps or product margins.

What weakens or invalidates

Advanced-node cost, TSMC reliance, China exposure, export restrictions, tariff costs, or memory shortages reduce deliveries, margin, or customer demand.

Watch next
  • QCOM handset memory commentary
  • AMBA advanced-node and Asia disclosures
  • AMBQ TSMC sole-wafer reliance
06 Stale condition Refresh trigger
What confirms

Discovery daily_ohlc remains current, no new company release changes the basket read, and source lanes still match the latest public filings and releases.

What weakens or invalidates

A new trading session, earnings release, investor day, transaction update, customer disclosure, export-policy action, or source-lane refresh arrives before this page is refreshed.

Watch next
  • Refresh setup levels after 2026-06-12
  • Confirm earnings dates when companies post events
  • Recheck lanes after new 10-Qs

Source Trail

Routes used for this node
Route Use it for Primary links
Parent theme Physical-AI value-chain placement, expanded 12-name edge-AI silicon basket, evidence tests, and theme-level watch items. Physical AI And Defense Autonomy; parent report
Security lanes Company setup, product exposure, revenue mix, guidance, margin, inventory, customer concentration, cash conversion, transaction risk, valuation caveats, and next evidence by ticker. AMBA; NXPI; QCOM; LSCC; MBLY; AMBQ; SYNA; INDI; STM; MCHP; TXN; BZAI
Sector and companion themes Semiconductor evidence tests, endpoint AI demand, on-device AI, ADAS, component constraints, funding sensitivity, sourcing exposure, and event-risk routing. Information Technology; AI Capex Cycle; Memory And Component Scarcity; Funding Dependency; Trade And Sourcing; Market Fragility
Official and external checks Current public-company results, latest quarterly revenue, revenue mix, guidance, margin, and product evidence used to refresh stale or thin local claims without replacing durable knowledge lanes. AMBA Q1 FY2027; NXPI Q1 2026; QCOM Q2 FY2026; LSCC Q1 2026; MBLY Q1 2026; AMBQ Q1 2026; SYNA Q3 FY2026; INDI Q1 2026; STM Q1 2026; MCHP FY2026; TXN Q1 2026; BZAI Q1 2026
Earnings-date checks Nasdaq earnings pages and company IR/event routes were checked on 2026-06-13 for the 12-name basket. No source provided a company-confirmed next earnings date during this worker pass, so Basket cards use Not confirmed instead of estimates. AMBA Nasdaq earnings; NXPI Nasdaq earnings; QCOM Nasdaq earnings; LSCC Nasdaq earnings; matching Nasdaq earnings routes checked for MBLY, AMBQ, SYNA, INDI, STM, MCHP, TXN, and BZAI.
Discovery provenance Read-only local status, lineage spot checks, market-cap query, and latest-table rows for all 12 tickers. DuckDB coverage showed all 12 tickers current through 2026-06-12; AMBQ has 220 daily rows and BZAI has 355 daily rows, so both still have shorter public chart history than mature semiconductor peers. node metadata; local discovery daily_ohlc; python -m discovery.cli status AMBA --json; python -m discovery.cli lineage-status --ticker AMBA --dataset daily_ohlc --limit 3 --json; python -m discovery.cli lineage-status --ticker AMBQ --dataset daily_ohlc --limit 3 --json; read-only DuckDB queries against daily_ohlc and instruments.market_cap.
Chart route Selected-security charts render in the right rail from the report API, with weekly bars derived from daily_ohlc; weekly aggregation uses first open, weekly high, weekly low, last close, and summed volume, with 20-week and 100-week EMAs when history is long enough. The visible horizon is three years, and right-rail chart order follows Basket rank. /api/securities/TICKER/chart?frequency=weekly&window=3y&as_of=latest; data-report-api="required"; data-theme-slug="physical-ai-defense-autonomy"; data-node-slug="edge-ai-silicon-and-endpoint-compute".
Data limitations Static chart setup thresholds from the prior page used 2026-06-05 data and are stale after the 2026-06-12 Discovery refresh. Several broad semiconductor names can move on handset, auto, industrial, data-center, rate, or inventory factors that are not endpoint-compute evidence. Product-line margins are missing for many edge-AI claims. Earnings dates are not confirmed. AMBQ and BZAI have limited trading history. BZAI remains watch-only until shipped, accepted, collected, and diversified revenue is visible. node metadata

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