Marvell

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NAS:MRVI

Nvidia CEO Jensen Huang, speaking onstage at Computex in Taipei, called the chipmaker the “next trillion-dollar company,” highlighting Marvell’s critical role in high-speed data center connectivity.

Next Earnings Date: Expected Date: August 20, 2026 (to August 27, 2026)

    Following stellar bookings and AI demand, Marvell’s management has significantly upgraded its near-term and long-term revenue projections:

      Upcoming Quarter (Q2 FY2027) Guidance: Expected Revenue: $2.70 billion (with a range of +/- 5%).
      Growth Rate: Represents ~35% Year-over-Year (YoY) growth

      Full-Year FY2027 Guidance: Expected Growth: Projected to grow ~40% YoY to nearly $11.5 billion (strongly upgraded from the previous 30% growth guidance).

          FY2028 Guidance: Expected Revenue: Upgraded to $16.5 billion (up from its prior guidance of $15.0 billion).

          Expected Profit (EPS) Growth: Profit margins and earnings per share are scaling upward alongside high-margin datacenter optical and custom ASIC programs: Upcoming Quarter (Q2 FY2027) Guidance: Growth Rate: Represents an estimated ~35.8% YoY growth compared to the prior-year period.


          Key Growth Drivers

              • AI Interconnect Business: Expected to grow over 70% YoY in FY2027, driven by skyrocketing demand for optical PAM4 DSPs as data centers transition from 800G to 1.6T speeds.
              • Custom ASIC Silicon: Marvell holds custom silicon partnerships with all five major U.S. hyperscalers (e.g., Microsoft’s Maia chip, Amazon, Google TPUs). This custom compute segment is expected to more than double in FY2028 and is targeted to reach over $10 billion by FY2029.

              Zscaler

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              Zscaler, Inc. – Common

              Despite delivering a strong “beat” on both top and bottom lines for the quarter, the stock tumbled in extended trading. This sell-off was primarily driven by mixed Q4 revenue guidance and near-term cautious commentary on hardware costs and sales team transitions.

              Q3 FY2026 Financial Highlights (The “Beat”)

              • Revenue: $850.5 million (up 25% YoY), beating Wall Street expectations of $835.6 million.
              • Non-GAAP EPS: $1.08, outpacing analyst projections of $1.01.
              • Annual Recurring Revenue (ARR): Reached $3.525 billion, up 25% YoY (up 21% excluding the Red Canary acquisition, which contributed $127 million).
              • Operating Margin: Hit a record all-time high of 23% (non-GAAP).
              • Free Cash Flow (FCF): $136.0 million (up 14% YoY), representing a robust FCF margin.

              Evolution

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              Evolution Mining is under Algo Engin ebuy conditions.

              released its H1 FY26 half-year financial results (for the six months ended 31 December 2025) on February 11, 2026, followed by its March 2026 Quarterly Report on April 15, 2026.

              The company delivered record-breaking financial performance, driven primarily by soaring commodity prices and disciplined cost management.

              Key Financial Highlights (H1 FY26 vs. H1 FY25)

              • Statutory Net Profit After Tax (NPAT): $766.6 million, up 110% (from $365.1 million in H1 FY25).
              • Underlying NPAT: $785 million, up 104%.
              • Revenue: $2.79 billion, up 37% (from $2.03 billion).

              Zoom

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              Zoom Video Communications, Inc. – Class A Common shares are higher following a highly impressive quarterly earnings report that significantly outpaced Wall Street projections.

              Q1 Fiscal Year 2027 financial results (for the quarter ended April 30, 2026) on May 21, 2026.

              The company delivered a double-beat on both top and bottom lines and raised its full-year guidance

              Key Financial Highlights (Q1 FY27)

              • Revenue: $1.24 billion, up 5.5% YoY (4.6% in constant currency), beating analyst expectations of $1.22 billion.

              Hewlett Packard

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              Hewlett Packard Enterprise Company Common is under Algo Engine buy conditions.

              Upcoming Earnings Announcement: Q2 Fiscal 2026

              • Earnings Date: Monday, June 1, 2026 (after market close)
              • Consensus Estimates:

              * Expected Non-GAAP EPS: ~$0.51 to $0.55 (Consensus is around $0.54, representing a substantial year-over-year increase)
              * Expected Revenue: ~$9.75B – $9.78B

              HP shares have been buoyed by strong financial results from Lenovo Group, HP soared over 15.0%, and Dell surged to a fresh historic record high as investors preemptively positioned ahead of earnings next week.

              Latest Reported Earnings: Q1 Fiscal 2026 (Reported March 9, 2026)
              HPE delivered a highly profitable first quarter, notably beating profitability and cash flow expectations, driven by strong networking demand and early synergy capture from the Juniper Networks integration:

              • Revenue: $9.3 billion, up 18% year-over-year (matching consensus expectations of ~$9.31 billion).
              • Non-GAAP Diluted EPS: $0.65, beating analyst expectations of $0.59 and exceeding the company’s guidance of $0.57 – $0.61.
              • GAAP Diluted EPS: $0.31.
              • Free Cash Flow (FCF): $708 million, up $1.6 billion year-over-year (a strong result as Q1 is seasonally a cash outflow quarter).

              Key Segment & Business Highlights

              • Networking Surge: Revenue in the Networking segment soared 151.5% YoY to $2.7 billion (representing nearly 30% of total revenue). This was driven by WiFi-7 uptake, strong data center switching orders, and the rapid integration of Juniper.
              • AI Backlog: HPE built up a record $5 billion AI systems backlog, primarily from enterprise and sovereign customers, which is expected to translate into revenue in the second half of fiscal 2026.
              • Supply Chain Management: The company has been managing industry-wide DRAM and NAND shortages via multi-year supply agreements and agile surcharge pricing.

              Raised Fiscal Year 2026 Outlook
              On the back of the Q1 results, HPE management raised its outlook for the full fiscal year:

              • FY26 Non-GAAP EPS Guidance: Raised to $2.30 to $2.50 (up from previous guidance).
              • FY26 Free Cash Flow Guidance: Increased to at least $2.0 billion (up from the previous target of $1.7B – $2.0B).

              Inner Circle

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              Largest Memory Suppliers

              The memory industry is highly concentrated. Samsung, SK Hynix, and Micron collectively control roughly 70%+ of the global DRAM and NAND market.

              Micron Technology (USA)

              • Largest US memory producer
              • Strong in:
                • DRAM
                • NAND
                • HBM
              • Key supplier for AI servers and cloud infrastructure

              Micron has aggressively expanded US manufacturing and is one of the main Western alternatives to Korean memory suppliers.

              Largest Suppliers of Advanced Semiconductor Nodes

              These companies manufacture the most advanced logic chips (3nm, 2nm, AI accelerators, CPUs).

              TSMC (Taiwan) — Clear Global Leader

              TSMC dominates advanced-node manufacturing.

              Intel Foundry (USA)

              Intel is attempting a major comeback under its IDM 2.0 strategy.

              Key goals:

              • Compete in external foundry services
              • Regain process leadership
              • Build US and European manufacturing capacity

              Intel is pushing:

              • Intel 18A
              • 2nm-class technologies
              • Advanced packaging

              Intel still trails TSMC commercially but is strategically important because Western governments want alternatives to Asian supply concentration.

              The AI stack effectively cannot scale without:

              • TSMC advanced nodes
              • HBM memory from SK Hynix/Samsung/Micron
              • ASML EUV machines -Supplies EUV lithography tools enabling advanced nodes

              That trio is the backbone of modern AI compute infrastructure.

              Danaher Corp

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              Danaher Corporation Common is under Algo Engine buy conditions.

              Share Price Correction & Valuation Opportunity

              • Deep Valuation Discount: DHR has undergone a significant correction, falling roughly 30% year-to-date to trade near its 52-week low of around $161–$163. This pullback has compressed its forward P/E ratio to an attractive 19x–23x range (well below its historical averages) and puts the stock at a steep discount to its estimated DCF intrinsic value of ~$227 per share.

              1–3 Year Earnings Growth Outlook

              Upward EPS Momentum & Strategic M&A: Following strong Q1 execution, management raised its full-year 2026 adjusted EPS guidance to $8.35–$8.55. Looking out 2 to 3 years, earnings will be further amplified by the integration of Masimo Corporation (a $9.9B acquisition expected to close in H2 2026), where Danaher plans to rapidly scale margins using its signature Danaher Business System (DBS).

              Bioprocessing Cycle Rebound: Danaher is in the early stages of a multi-year bioprocessing equipment reinvestment cycle. In Q1 2026, equipment orders surged over 30% year-over-year; as these orders convert to revenue over the next 12 to 36 months, they will drive highly profitable, recurring consumables sales.

              Consensus 3-Year Outlook

              Steady Compounder: Wall Street consensus model forecasts project a long-term normalized annual revenue growth rate of ~5.5% over the next 1 to 3 years as the life sciences sector fully transitions out of its post-pandemic digestion phase

              Inner Circle

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              Pfizer, Inc. Common is under Algo Engine buy conditions.

              reported its Q1 2026 financial results on May 5, 2026, delivering a beat on both top and bottom lines as the company continues its transition away from peak pandemic-era revenues. Operational revenue from “launched and acquired products” surged 22%, driven by strong performance in the oncology and specialty care portfolios.

              Q1 2026 Earnings Summary

              • Adjusted EPS: $0.75 (Beat consensus estimate of $0.72 by $0.03).
              • Total Revenue: $14.45 billion (Beat estimate of ~$13.84 billion; up 5% year-over-year).
              • Operational Growth: 2% (Excluding COVID-19 products, operational revenue grew 7%).
              • GAAP EPS: $0.47 (Down from $0.52 in Q1 2025).

                  • Full-Year Revenue: $59.5 billion – $62.5 billion.
                  • Adjusted Diluted EPS: $2.80 – $3.00.

                  Super Micro Computer

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                  Super Micro Computer, reported its Q3 Fiscal Year 2026 results on May 5, 2026. While the stock saw a massive surge (up ~18-25%) immediately following the announcement, the report was a “beat and miss” that shifted investor focus toward profitability and long-term guidance.

                  Revenue: $10.24 billion, representing 123% year-over-year growth. However, this missed the analyst estimate of $12.4 billion

                  Full Year 2026 Revenue: Raised to a range of $38.9 billion to $40.4 billion (up from previous targets of ~$36B).

                  Key Growth Drivers

                    • AI Infrastructure Dominance: AI GPU-related platforms (NVIDIA, AMD, Intel-based) contributed over 80% of total revenue.
                    • Supply Chain & Deferred Revenue: The revenue miss was attributed to temporary supply chain constraints and “customer readiness” (data centers lacking sufficient power/networking to accept immediate delivery). Management noted a record-high backlog, suggesting that the missed revenue is deferred to future quarters rather than lost.
                    • Direct Liquid Cooling (DLC): SMCI highlighted its leadership in liquid-cooled rack solutions, which are increasingly required for the latest high-power AI chips (like NVIDIA’s Blackwell).

                    Balance Sheet & Risks

                    • Negative Cash Flow: The company reported negative operating cash flow of $6.6 billion for the quarter, driven by aggressive inventory build-up ($11.1 billion) to support future deliveries.
                    • Leverage: Net debt rose to roughly $7.5 billion as the company utilized convertible notes and credit lines to fund its massive working capital needs.
                    • Legal Overhang: Investors remain cautious regarding an ongoing independent review of export-control matters and a class-action lawsuit (lead plaintiff deadline May 26, 2026), though management stated they do not currently expect a financial restatement.