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- **Capacity Expansion Success**: 15% production increase met demand, with 5-10% further expansion planned for Q2 2026.
- **Customer Diversification**: New orders from Hansoll Textile and U.S. retailers drive 4.3% revenue growth to $42 million.
- **Gross Margin Strategy**: Targets 20% margin via automation, despite Q2 2026 margin decline to 15%.
- **Tariff Advantage**: 15% U.S. tariff rate vs. 20-60% Asian competitors enables customer shifts from China/India.
- **Q3 Guidance**: 19-21% revenue growth, 13-15% gross margin, with Q4 orders fully booked through February 2026.

**【CEO Summary Section】**
- CEO highlights Jordan as a strategic manufacturing hub with 15% production capacity expansion completed in Q2 2026, supporting demand from global customers.
- Announces long-term expansion plan including potential land development and factory acquisitions to meet growing capacity requests.
- Emphasizes diversification of customer base and product mix, targeting 20% gross margin through automation and economies of scale, though near-term margins may decline.
- Notes geopolitical and tariff risks as key monitoring areas.

**【Eric Tang - Jordan Operations】**
- Reports successful completion of 3.7 million pair girl shorts collaboration with Hansoll Textile, with second phase shipping scheduled for November 2025.
- Discusses ongoing logistics normalization and increased order projections for 2026, with capacity fully booked through February 2026.
- Details 5-10% production capacity expansion via Jordanian Ministry of Labor partnership, expected Q2 2026 completion.

**【CFO Financial Commentary】**
- Q2 2026 revenue $42 million (+4.3% YoY), driven by U.S. customer shipments and diversified customer base.
- Gross margin 15.0% (-250bps YoY) due to lower-margin product mix and customer diversification.
- Operating expenses $5.2 million (-12% YoY) from cost control, with net income $0.04 per share.
- Q3 2026 guidance: revenue +19-21% YoY, gross margin 13-15%.
- Cash position $13.7 million, inventory $26.3 million (+30% YoY) due to raw material procurement for upcoming orders.

**【Q&A Highlights】**
- **Revenue Growth Breakdown**: 15% from capacity expansion, remainder from demand increase (Gilbert Lee).
- **Gross Margin Path**: 20% target achievable in several years via automation and scale, with Q3 2026 margin stabilization efforts (Gilbert Lee).
- **Customer Shifts**: Orders migrating from China and India due to U.S. tariffs, with Europe business growing on 0% EU tariffs (Eric Tang).
- **Q4 Outlook**: Stronger than historical seasonality with orders booked through February 2026 (Gilbert Lee).

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