Demand TrendsBookings exiting the quarter were at their highest level since 2022 with a book to bill above 1, suggesting demand trends are becoming more durable.
New Business OpportunitiesEfforts to develop more complete solutions for a broader set of customers are seeing results, with multiple new design wins secured for the data center for liquid cooling and power distribution applications.
Strategic InitiativesThe strategic shift is having a positive impact on the growth trajectory and profitability, with a focus on higher voltage higher energy density applications providing meaningful new business opportunities.