Space X

Posted on | by Leon Hinde | Leave a Comment on Space X

Space Exploration Technologies reported better-than-expected revenue for the second quarter in the company’s first earnings report since its record IPO in June. The stock dropped about 8% in extended trading as capital expenditures soared.

Here’s how the company did compared with analysts’ estimates, according to LSEG

  • Revenue: $7.81 billion vs. $6.93 billion expected
  • Loss per share: Loss of 9 cents vs. loss of 26 cents expected

Revenue jumped 92% from $4.1 billion a year earlier, SpaceX said in a statement on Tuesday, while the company’s net loss narrowed to $541 million from $1 billion.

SpaceX lost $4.9 billion last year, largely due to hefty investments in AI infrastructure.

AMD

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

Advanced Micro Devices, Inc. – Common reported second-quarter earnings on Tuesday that beat expectations, but the stock slumped in extended trading after rising during regular trading hours.

Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ended June 27:

  • EPS: $1.66, adjusted, versus $1.62 expected
  • Revenue: $11.54 billion versus $11.28 billion expected

Overall, AMD revenue climbed 50% from $7.69 billion a year ago, a sign of the company’s central position in the market for artificial intelligence chips.

AMD’s Data Center unit is what is driving the company’s growth. Data Center sales were $6.7 billion, up 107% on an annual basis, which the company attributed to central processing unit and graphics processing unit sales.

The chipmaker sees $1.4 trillion of that coming from AI accelerators, or GPUs, up from a previous estimate of $500 billion by 2028.

United Micro

Posted on | by Leon Hinde | Leave a Comment on United Micro

NAS:UMC

5/8 update: is rated a buy with the stop loss at $17.49

Add to watchlist and look for interest to build near $18.50

In early 2026, UMC announced a high-profile partnership with Intel to collaborate on a 12nm platform manufactured in the US. This partnership is slated for commercial production in late 2027 and vastly diversifies UMC’s geographic footprint.

  • Strong Balance Sheet: Fitch affirmed UMC’s BBB+ credit rating with a “Stable” outlook in June 2026. The company boasts a low debt-to-equity ratio of ~0.19 and a healthy current ratio of ~2.72.
  • Next Earnings Release: UMC is scheduled to report its Q2 2026 earnings on Wednesday, July 29, 2026. Analysts expect EPS of 15 cents on revenue of ~$2.06 billion, representing growth over the prior year.

Marvell

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

Marvell Technology, Inc. – Common is rated a buy with the stop loss at $177.57

Upcoming Earnings Outlook: Expected Release Date: August 27, 2026 (After Market Close)

  • Fiscal Period: Q2 Fiscal Year 2027 (Quarter ending late July 2026)
  • Consensus Estimates: Non-GAAP EPS: $0.87 – $0.93 per share (vs. $0.67 in Q2 FY2026, representing ~30%–38% YoY growth)
  • Consensus Revenue: ~$2.60B – $2.71B (vs. $2.01B in Q2 FY2026, representing ~30%–35% YoY growth)

      Key Drivers & Long-Term Growth Outlook: Marvell’s custom ASIC program (designing tailored AI chips for cloud hyperscalers like AWS, Google, and Microsoft) and optical connectivity solutions (800G / 1.6T DSPs) remain the primary catalyst.

        • Accelerating Quarterly Trajectory: Management guided sequential revenue acceleration throughout FY2027, aiming for quarterly revenue to reach ~$3.0 billion in Q3 and Q4.

        Full-Year FY2027 & FY2028 Targets:

        • FY2027 Revenue: Expected to reach ~$11.5 billion (+40% YoY growth), driven by >50% growth in the Data Center segment and >70% growth in optical interconnects.
        • FY2028 Target: Revenue guided toward ~$16.5 billion as cloud hyperscaler AI capital expenditure expands further.

          Key Things to Watch on Earnings Day

          1. Custom AI ASIC Shipments: Progress on hyperscaler customer design wins ramping into volume production.
          2. Gross & Operating Margins: Non-GAAP gross margins (target zone ~59–60%) and expense control as R&D investment increases.
          3. Hyperscaler AI Capex Trends: Any commentary on customer demand pacing for 800G/1.6T electro-optics and PCIe/CXL switches.
          4. Supply Chain Capacity: Lead times and substrate/co-packaged optics assembly capacity.