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

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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.

          Applied Optoelectronics

          Posted on | by Leon Hinde | Leave a Comment on Applied Optoelectronics

          Applied Optoelectronics, commenced construction on a nearly 400,000-square-foot expansion in Pearland, Texas, to support volume production of its 800G and 1.6T optical transceivers for AI datacenters.

          Sector Rotation out of Crowded AI Infrastructure Trades

          • Capex Sustainability Concerns: Concerns over hyperscaler capital expenditure returns (highlighted by heavy capex outlays across big-tech AI buyers) triggered widespread profit-taking across crowded AI component trades.
          • Peer De-rating: Peers like Lumentum (LITE) and Coherent (COHR) also faced steep pullbacks as high-multiple optical names were sold off in favor of cash-generative value trades.

          5/8 Update: Hold and watch the earnings release. Scheduled to release its Q2 2026 financial results on Thursday, August 6, 2026, after Market Close.

          Wall Street Expectations

            • Revenue Guidance / Estimates: Management guided Q2 revenue in the range of $180.0M – $198.0M.
            • EPS Estimate: Consensus estimates project Non-GAAP EPS around -$0.03 to +$0.03 per share.

            Space X

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

            NAS:SPCX is set to report the Q2’26 earnings after the close on August 4 with the following consensus estimates as follows:

            • EPS loss of $0.23
            • Revenue of $6.82 billion, up from $4.7 billion in Q1

            The big story with Starlink is suddenly the xAI business might see a huge boost in revenues due to a couple of potential short-term AI contracts with Anthropic and Google. The combined deals unlock $80 billion in annual revenue for a company that only generated $18.7 billion in revenues last year.

            Marvell

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

            Marvell Technology, Inc. – Common

            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.

                    Applied Optoelectronics

                    Posted on | by Leon Hinde | Leave a Comment on Applied Optoelectronics

                    Applied Optoelectronics, commenced construction on a nearly 400,000-square-foot expansion in Pearland, Texas, to support volume production of its 800G and 1.6T optical transceivers for AI datacenters.

                    Sector Rotation out of Crowded AI Infrastructure Trades

                    • Capex Sustainability Concerns: Concerns over hyperscaler capital expenditure returns (highlighted by heavy capex outlays across big-tech AI buyers) triggered widespread profit-taking across crowded AI component trades.
                    • Peer De-rating: Peers like Lumentum (LITE) and Coherent (COHR) also faced steep pullbacks as high-multiple optical names were sold off in favor of cash-generative value trades.

                    scheduled to release its Q2 2026 financial results on Thursday, August 6, 2026, after Market Close.

                      Wall Street Expectations

                      • Revenue Guidance / Estimates: Management guided Q2 revenue in the range of $180.0M – $198.0M.
                      • EPS Estimate: Consensus estimates project Non-GAAP EPS around -$0.03 to +$0.03 per share.

                      Astera Labs

                      Posted on | by Leon Hinde | Leave a Comment on Astera Labs

                      Astera Labs,

                      Critical AI Bottleneck Layer: As GPU clusters grow into tens or hundreds of thousands of chips across multi-rack networks, high-speed signal integrity over copper and optical media becomes vital.

                        Emerging Competition: Larger networking/semiconductor players (Broadcom, Marvell, Credo) continue developing competing scale-up connectivity solutions.

                        Upcoming Earnings Announcement

                        • Next Earnings Date: Tuesday, August 4, 2026 (After Market Close)
                        • Q2 2026 Guidance (Provided by Management):

                        * Revenue: $355.0M – $365.0M (~15%–18% sequential QoQ growth)

                        Most Recent Quarter: Q1 2026 (Quarter Ended March 31, 2026)
                        Astera Labs delivered record-breaking top- and bottom-line results, beating Wall Street estimates driven by accelerating demand for high-speed PCIe Gen6 and switch fabric hardware in AI clusters.

                        • Revenue: $308.4 Million

                        * YoY Growth: +93.4% vs. Q1 2025 ($159.4M)

                        United Micro

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

                        NAS:UMC 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.

                        NVE Corp

                        Posted on | by Leon Hinde | Leave a Comment on NVE Corp

                        NVE

                        While NVE is a niche semiconductor player rather than a massive chipmaker, it fits into the broader AI infrastructure landscape via:

                        1. Next-Gen Memory (MRAM): As AI workloads and edge computing demand faster, more energy-efficient non-volatile memory, MRAM technology is highly regarded for its low power consumption and high endurance.
                        2. High-Speed Data Isolation: Their spintronic couplers handle high-speed data transmission with high noise immunity, which is crucial in rugged Industrial IoT (IIoT) applications and server power supplies.