Micron

Posted on | by Leon Hinde | Leave a Comment on Micron

Q4 FY26 results were stellar, with sales up 379% YoY to $54.2B and operating margins exceeding 80%. This brought total FY26 revenue to a whopping $133.2 billion, which represents an increase of 256% YoY.

Outlook:

2. Expected Revenue & Growth (Q1 FY2027)

  • Consensus Revenue Forecast: ~$61.74 billion
  • Prior Year Q1 (FY2026): ~$13.64 billion
  • Expected YoY Revenue Growth: ~350%+

(Reflects massive top-line expansion fueled by high-bandwidth memory / HBM and enterprise AI server DRAM adoption).

3. Expected Profit & Earnings Growth (Q1 FY2027)

  • Consensus Adjusted EPS: ~$37.90 to $38.21 per share
  • Prior Year Q1 (FY2026) EPS: $4.78 per share
  • Expected YoY Profit/EPS Growth: ~690% to 700%

SpaceX

Posted on | by Leon Hinde | Leave a Comment on SpaceX

SpaceX Beats Q3 2026 Earnings Expectations Driven by AI and Starlink Surge

SpaceX reported its third-quarter 2026 financial results, posting strong beats on both top and bottom lines.The company reported revenue of $14.58 billion, representing a 161% increase year-over-year and comfortably outperforming Wall Street expectations of $12.7–$12.9 billion.

Adjusted earnings per share reached $0.35, beating analyst consensus estimates of $0.13 to $0.16.Net income surged to $4.4 billion—marking a significant turnaround from a $1.1 billion net loss in the prior-year period.

Key Segment Performance

  • Super Intelligence (AI):Reached $7.56 billion in revenue (up 830% YoY), making it the company’s largest reporting segment.Growth was accelerated by expanded cloud service contracts, Grok usage, and the integration of Cursor.
  • Connectivity (Starlink):Generated $5.25 billion in revenue (up 69% YoY) as total global subscribers reached 13.6 million.
  • Space Operations:Contributed $1.77 billion, supported by launch operations and the first revenue-generating mission using Starship.

Balance Sheet & Outlook

SpaceX reported holding approximately $90 billion in cash and marketable securities alongside $19.6 billion in capital expenditures for the quarter, primarily directed toward AI infrastructure and compute expansion.Following the release, shares of SpaceX (SPCX) traded higher in after-hours sessions.

SpaceX Q3 revenue jumped to $14.58bn from $7.8bn in Q2, 15% ahead of ests, while EPS of $0.35 more than doubled the $0.15 expected for its first quarterly profit since listing.

Next Earnings Date

  • Expected Date: Estimated between November 24, 2026 and December 1, 2026 (After Market Close).
  • Reporting Period: First Quarter Fiscal 2027 (ended October 31, 2026).

Expected Revenue & Profit Growth

Q1 FY2027 (Upcoming Quarter)

Full Year Fiscal 2027 (FY27)

  • Expected Total Revenue: $3.908B – $3.938B
  • YoY Revenue Growth: 16.6% – 17.5%.

ZScaler

Posted on | by Leon Hinde | Leave a Comment on ZScaler

Fiscal 2026 was strong by almost any measure:Revenue grew 25% to approximately $3.4 billion.

I increasingly see it as an AI-enablement platform whose security architecture may become essential infrastructure for enterprise AI adoption. If that thesis proves correct, today’s valuation may reflect the legacy business more than the opportunity that could emerge over the next several years.

Outlook

1. Next Earnings Date

  • Expected Date: Estimated between November 24, 2026 and December 1, 2026 (After Market Close).
  • Reporting Period: First Quarter Fiscal 2027 (ended October 31, 2026).

2. Expected Revenue & Profit Growth

(Guidance reaffirmed by management at the October 6, 2026 Investor Day)

Q1 FY2027 (Upcoming Quarter)

  • Expected Revenue: $935M – $939M
  • YoY Revenue Growth: ~19%
  • Expected Profitability (Non-GAAP):
  • Operating Income: $215M – $217M (~25% to 26% YoY growth; 23% operating margin)
  • Adjusted EPS: $1.15 – $1.16 per share (consensus ~$1.16, up ~20.8% YoY from $0.96)

Full Year Fiscal 2027 (FY27)

  • Expected Total Revenue: $3.908B – $3.938B
  • YoY Revenue Growth: 16.6% – 17.5% (a step down from 25.4% YoY growth achieved in FY2026)
  • Annual Recurring Revenue (ARR): $4.396B – $4.426B (+16.6% to +17.4% YoY)
  • Expected Profitability (Non-GAAP):
  • Operating Income: $924M – $932M (~21% YoY growth)
  • Adjusted EPS: $4.86 – $4.90 per share (above earlier consensus estimates of ~$4.60)
  • Free Cash Flow Margin: Expected between 23.0% – 23.5%

Intuitive Surgical

Posted on | by Leon Hinde | Leave a Comment on Intuitive Surgical

Q3 2026 Financial & Operational Highlights

  • Revenue: Reached $3.05 billion, up 22% year-over-year and ahead of the expected $2.91 billion.
  • EPS of $3.00 per share.
  • Repurchased 7.8 million shares ($2.94 billion) during the quarter; cash and investments stood at approximately $6.8 billion.
  • Worldwide procedures (da Vinci and Ion combined) grew approximately 15% compared with the third quarter of 2025. Da Vinci procedures grew approximately 14%, and Ion procedures grew approximately 31%.