HoskingⓘTrim-20.53%$37M1.22%Contrarian value / Global diversified
What managers sayⓘ
2026-04-23Colossus (Invest Like the Best / Business Breakdowns)BullDylan Patel - The Infinite Demand for Tokens, Claude Mythos, and Supply Constraints - [Invest Like the Best, EP.469]Detail →
2023-11-22Colossus (Invest Like the Best / Business Breakdowns)NeutralEntegris: Solutions for Semiconductors - [Business Breakdowns, EP.137]Detail →
2023-07-05Colossus (Invest Like the Best / Business Breakdowns)NeutralApplied Materials: Sanding Atoms - [Business Breakdowns, EP.118]Detail →
2021-03-09Colossus (Invest Like the Best / Business Breakdowns)BullJosh Wolfe and Tony Thomas - The Past, Present, and Future of Defense – [Invest Like the Best, EP. 216]Detail →
Earnings Callsⓘ
Q4 2026August 7, 2026
›
Beat expectations. This quarter's revenue, gross margin (52%, the highest in 20 years), and EPS all set records; full-year WFE was raised to $150 billion.
Quarterly revenue was $6.72 billion (up 30% YoY), with EPS of $1.82 and gross margin of 52%.
Memory accounted for 46% of revenue, with NAND revenue doubling; CSBG revenue was nearly $2.5 billion (up 43% YoY); advanced packaging growth guidance was raised to 70%.
Next quarter's guidance calls for revenue of $8.1 billion and EPS of $2.15; full-year WFE was raised to $150 billion, and the long-term gross margin target was raised to the mid-50s.
China's revenue share fell to 26%. The industry remains undersupplied, and management is optimistic about growth into 2027.