Sandisk reported fiscal first quarter 2027 revenue of $11.03 billion on Thursday, up 23% from the June quarter and 378% from a year ago, against guidance of $10.3 billion to $10.8 billion and consensus near $10.7 billion. Non-GAAP gross margin was 85.1%, non-GAAP operating margin 80.4% and non-GAAP EPS $49.51 against roughly $47 expected. All of that was priced before the … [Read more...] about Sandisk SNDK Fiscal Q1 2027: Receivables Rose $1.9 Billion on a $2.1 Billion Revenue Gain
The Bull Case for Marvell Buying Lumentum Is Owning the AI Laser Bottleneck
Marvell fell more than 8% after hours on reports that it is in advanced talks to buy Lumentum, while Lumentum jumped about 10%. That is the market's reflex for any large deal likely paid partly in stock. It prices the dilution on day one and leaves the strategy for later. The strategy here deserves a price now. Every AI cluster that grows past a single rack runs on light. … [Read more...] about The Bull Case for Marvell Buying Lumentum Is Owning the AI Laser Bottleneck
SK Hynix Posts a 79.7 Percent Margin and Pays Out 100 Trillion Won as It Calls the Memory Shortage Through 2030
Nine days ago the question on this site was whether the KOSPI's October collapse was a buying opportunity or the start of a longer rethink of the AI trade. SK Hynix answered part of it on Wednesday. Third-quarter revenue came in at 104.6 trillion won, the first quarter above 100 trillion in the company's history and up 328% from a year ago. Operating profit was 83.3 trillion … [Read more...] about SK Hynix Posts a 79.7 Percent Margin and Pays Out 100 Trillion Won as It Calls the Memory Shortage Through 2030
Leveraged Semiconductor ETFs Lose Money in Sideways Markets, Here Is the Math
Between the close on August 19 and the close on October 14, 2026, the iShares Semiconductor ETF (SOXX) went from $519.67 to $519.42. Thirty-nine trading sessions, a climb to $589 in early October and a slide back, and the chip index ended where it started. Over the same stretch the Direxion Daily Semiconductor Bull 3X (SOXL) lost about 8.4% and its mirror image, the Direxion … [Read more...] about Leveraged Semiconductor ETFs Lose Money in Sideways Markets, Here Is the Math
Sandisk SNDK Q1 Preview Hinges on a December Guide Above $12 Billion
Sandisk reports fiscal first quarter 2027 results on Thursday, October 29, after the close, and the September quarter is already spoken for. Management guided in August to revenue of $10.3 billion to $10.8 billion, gross margin of 83% to 85% and adjusted EPS of $44 to $46. Consensus sits at roughly $10.7 billion and $46 to $47, near the top of the range. Sandisk has beaten in … [Read more...] about Sandisk SNDK Q1 Preview Hinges on a December Guide Above $12 Billion