Karam

$TSM | TSMC Q2 Guide: 🔹 Revenue: $39.0B-$40.2B (Est. $38.1B) 🟢 🔹 Gross Margin: 65.5%-67.5% 🔹 Operating Margin: 56.5%-58.5% 🔹 FX assumption: US$1 = NT$31.7

$TSM | TSMC Q1’26 Earnings Highlights 🔹 Revenue: $35.90B (Est. $35.5B) 🟢; +40.6% YoY, +6.4% QoQ 🔹 Net Profit: $18.1B (Est. $17.0B) 🟢; +58.3% YoY 🔹 Gross Margin: 66.2% (Est. 64.5%) 🟢 🔹 Operating Margin: 58.1%; +9.6 pts YoY 🔹 Net Profit Margin: 50.5% 🔹 CapEx: $11.10B; +10% YoY 🔹 Wafer ASP: $7396; +10% YoY 🔹 EPS: $3.49 per ADR Segment Performance: 🔹 HPC: 61% of net revenue; +20% QoQ 🔹 Smartphone: 26% of net revenue; -11% QoQ 🔹 IoT: 6% of net revenue; +12% QoQ 🔹 Automotive: 4% of net revenue; -7% QoQ Other Metrics: 🔹 3nm: 25% of wafer revenue 🔹 5nm: 36% of wafer revenue 🔹 7nm: 13% of wafer revenue 🔹 Advanced technologies (7nm and below): 74% of wafer revenue 🔹 Wafer Shipments: 4,174K 12”-eq.; +28.1% YoY; +5.4% QoQ 🔹 North America: 76% of total net revenue Capital Return: 🔹 Dividend: NT$6.00 cash dividend for Q4’25

$MU $DRAM $SNDK Senator Bernie Moreno (R-Ohio) sent a letter to Commerce Secretary Howard Lutnick urging the U.S. Department of Commerce to restrict the sale of memory chips abroad until the American auto industry is fully supplied. Full letter in the comments. Main Proposal: Work with domestic memory chip manufacturers (especially Micron) and foreign producers with U.S. operations (Samsung and SK Hynix) to prioritize U.S. auto industry demand. This would help prevent exports from exacerbating domestic shortages. Reasons: -The U.S. has only one major domestic designer and manufacturer of memory chips (Micron), leaving the industry vulnerable to foreign competitors (primarily South Korea and China). -Memory chips are essential in every new vehicle for electronic control units, safety systems, and infotainment. -Analysts (S&P Global) predict memory chip prices could surge 70–100% in 2026, with automakers warning of potential plant shutdowns (“line down”) as early as May. -A repeat of the 2020 chip shortage could halt production, furlough workers, and raise car prices. Ohio Impact: The auto industry supports 329,400 jobs (nearly 1 in 10) and contributes $41.43 billion to the state’s gross state product (4.7% of GDP). Ohio is the largest U.S. producer of automotive parts. “The American people expect a trade policy that defends their jobs, industries, and future. That means fair trade on our terms, not free trade with foreign industries. Ensuring reliable access to critical inputs like memory chips is a necessary step toward meeting that expectation.”

$JBHT 𝐉.𝐁. 𝐇𝐮𝐧𝐭: 𝐒𝐭𝐫𝐨𝐧𝐠 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐌𝐚𝐫𝐠𝐢𝐧 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬 • EPS: $1.49 (vs. $1.17 YoY) • Revenue: $3.06B (vs. $2.92B YoY) • Operating Income: $207M (vs. $178.7M YoY) • Net Income: $141.6M (vs. $117.7M YoY) ⠀ 📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 • Revenue +5% YoY, +3% ex-fuel surcharge • Operating income +16% YoY driven by productivity and cost initiatives • Intermodal (JBI) volume +3%, operating income +21% • Dedicated (DCS) operating income +9%, retention ~96% • ICS revenue +20% but operating loss widened • Truckload (JBT) revenue +23%, operating income +33% • Final Mile revenue −6%, but operating income +53% ⠀ 💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲 “We began the year with strong financial results… positioning the company to drive long-term value for our shareholders.”

$AMZN | 𝐀𝐦𝐚𝐳𝐨𝐧: Loop reiterates 𝐁𝐮𝐲, maintains 𝐏𝐓 𝐚𝐭 $𝟑𝟔𝟎 Analyst sees AWS acceleration and AI demand strengthening, with satellite overhang easing ahead of results.

Jane Street invested another $1B in $CRWV at $109/share and also plans to spend about $6B on CoreWeave’s technology offerings. It’s the 3rd multibillion-dollar deal CoreWeave has announced this month, following commitments from Meta and Anthropic.

MORGAN STANLEY $MS Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $20.58B (Est. $19.71B) 🟢; UP +16% YoY 🔹 EPS: $3.43 (Est. $2.98) 🟢; UP +32% YoY 🔹 Equities Sales & Trading: $5.15B (Est. $4.78B) 🟢; UP +25% YoY 🔹 Fixed Income Sales & Trading: $3.36B (Est. $2.89B) 🟢; UP +29% YoY 🔹 Wealth Management: $8.52B (Est. $8.45B) 🟢; UP +16% YoY 🔹 Investment Banking: $2.12B (Est. $2.04B) 🟢; UP +36% YoY Segment Performance: 🔹 Institutional Securities: $10.72B; UP +19% YoY 🔹 Wealth Management: $8.52B; UP +16% YoY 🔹 Investment Management: $1.54B; DOWN -4% YoY Other Metrics: 🔹 Total Deposits: $427.97B (Est. $414.44B) 🟢 🔹 Net New Assets: $118.4B 🔹 Fee-Based Asset Flows: $53.7B 🔹 Fee-Based Client Assets: $2.79T 🔹 Standardized CET1 Ratio: 15.1% Financials: 🔹 Provision for Credit Losses: $98M (Est. $80.2M) 🔴; DOWN -27% YoY 🔹 Compensation Expense: $8.54B (Est. $8.41B) 🔴; UP +14% YoY 🔹 Non-Interest Expenses: $13.47B (Est. $13.4B) 🔴; UP +12% YoY 🔹 ROE: 21.0% 🔹 ROTCE: 27.1% 🔹 Expense Efficiency Ratio: 65% Capital Return: 🔹 Share Repurchases: $1.75B 🔹 Dividend: $1.00/share Commentary: 🔸 “Morgan Stanley reported a record quarter. Strong execution resulted in net revenues of $20.6 billion, EPS of $3.43 and a ROTCE of 27.1%.”

$TSLA | 𝐓𝐞𝐬𝐥𝐚: Barclays reiterates 𝐄𝐪𝐮𝐚𝐥𝐰𝐞𝐢𝐠𝐡𝐭, keeps 𝐏𝐓 𝐚𝐭 $𝟑𝟔𝟎 Analyst highlights AI-driven transition and Terafab ambitions, but flags capex concerns and weak YTD performance.

BANK OF AMERICA $BAC Q1’26 EARNINGS HIGHLIGHTS 🔹 Net of Interest Expense: $30.27B (Est. $29.9B) 🟢; UP +7% YoY 🔹 EPS: $1.11 (Est. $1.01) 🟢; UP +25% YoY 🔹 Net Interest Income: $15.75B (Est. $15.37B) 🟢; UP +9% YoY 🔹 Equities Trading Rev. Ex-DVA: $2.83B (Est. $2.51B) 🟢; UP +30% YoY 🔹 FICC Trading Rev. Ex-DVA: $3.50B (Est. $3.78B) 🔴; UP +1% YoY Segment Performance: 🔹 Consumer Banking: $11.05B; UP +5% YoY 🔹 Global Wealth & Investment Management: $6.71B; UP +12% YoY 🔹 Global Banking: $6.29B; UP +5% YoY 🔹 Global Markets: $7.11B; UP +8% YoY Other Metrics: 🔹 Average Deposits: $2.02T; UP +3% YoY 🔹 Average Loans and Leases: $1.19T; UP +9% YoY 🔹 Book Value Per Share: $38.66; UP +7% YoY 🔹 Tangible Book Value Per Share: $28.84; UP +7% YoY Financials: 🔹 Net Income: $8.6B; UP +17% YoY 🔹 Provision for Credit Losses: $1.34B; DOWN from $1.48B 🔹 Noninterest Expense: $18.53B; UP +4% YoY 🔹 ROE: 12.0% 🔹 ROTCE: 16.0% 🔹 CET1 Ratio: 11.2% Capital Return: 🔹 Returned to Shareholders: $9.3B 🔹 Common Stock Dividends: ~$2.0B 🔹 Share Repurchases: ~$7.2B Commentary: 🔸 “Earnings per share rose 25% year-over-year, starting 2026 with strong momentum.”

$SNAP LAYS OFF 16% $500M+ annualized cost savings Targets Long term MAU of 1 Billion Q1 rev raised to ~$1.53B Q1 adj. EBITDA ~$233M vs prior $170M-$190M FY26 gross margin seen above 60% FY26 adj. opex cut to $2.75B from $3.0B

Nokia, Orange, and $NVDA are partnering on AI-RAN technology, combining $NOK's anyRAN 5G software with Nvidia AI infrastructure to improve network performance and energy efficiency, while helping Orange prepare for a software-defined path to 6G.

$IBM unveiled new cybersecurity tools aimed at “agentic” AI attacks, including a frontier model risk assessment and a new Autonomous Security service built to automate vulnerability response at machine speed.

$ASML Q1’26 EARNINGS HIGHLIGHTS 🔹 Net Sales: €8.77B (Est. €8.55B) 🟢 🔹 EPS (basic): €7.15 (Est. €6.64) 🟢 🔹 Gross Margin: 53.0% (Est. 52.0%) 🟢 🔹 Net Income: €2.76B (Est. €2.58B) 🟢 Q2 Guide: 🔹 Net Sales: €8.4B to €9.0B (Est. €9.04B) 🔴 🔹 Gross Margin: 51% to 52% (Est. 52.5%) 🔴 🔹 Installed Base Management sales: ~€2.5B 🔹 R&D costs: ~€1.2B 🔹 SG&A costs: ~€0.3B FY26 Guide: 🔹 Net Sales: €36B to €40B (Prior: €34B to €39B; Est. €37.68B) 🟡 🔹 Gross Margin: 51% to 53% 🔹 Annualized effective tax rate: ~17% Segment Performance: 🔹 Net System Sales: €6.3B 🔹 Installed Base Management sales: €2.5B Technology Mix: 🔹 EUV 66% 🔹 ArFi 23% 🔹 KrF 6% 🔹 ArF Dry 2% 🔹 I-line 1% 🔹 Metrology & Inspection 2% End-Use Mix: 🔹 Memory 51% 🔹 Logic 49% Ship-to Region Mix: 🔹 South Korea 45% 🔹 Taiwan 23% 🔹 China 19% 🔹 USA 12% 🔹 Rest of Asia 1% Capital Return: 🔹 2025 total dividend: €7.50 per ordinary share 🔹 Final dividend proposal: €2.70 per ordinary share 🔹 Q1 share repurchases: ~€1.1B under the 2026-2028 share buyback program Commentary: 🔸 “Demand for chips is outpacing supply.” 🔸 “ASML's order intake continues to be very strong.” 🔸 “2026 will be another growth year.”

@Deenobrown123 Damn, you mean $MU will drop 25%? $525B company to go to $138B company 🤦🤦🤦 So $MU will drop to $345

Micron is getting ready to catch SNDK

@pabzay @earnings_guy Margin decreasing with rev

@earnings_guy Negative growth?

$ASML (ASML) #earnings are out:

@strengthPlan Am if that happens, I will be the next president of US without elections 😂😂😂

Tesla stock $700 end of the year will take me to $3.5 mil in Tesla stock #tsla

@FirstSquawk They cut the guidance and margin drop !!

Chip-Machine Supplier ASML Lifts Guidance on Strong AI Demand-WSJ

$ASML •Q1 basic EPS EUR 7.15 •Q1 gross profit EUR 4,645 million •Q1 net income EUR 2,757 million vs. IBES estimate EUR 2,536 million ❌ FY Q2 revenue EUR 8.4M -9M vs. Est. EUR 9M ❌ FY rev EUR 36-40M vs Est 38M ❌ Margin down to 51% from 53%

Guidance is lower, Rev down 11% from last quarter and EPS down 4% from last ER. Even though expectation were lower but Guidance suggests that AI Spending peaked last quarter. $AMD $ASML $AVGO $NVDA $MU $SNDK

@Bitmouse2 What?? Guidance is lower than expected, means spending going down

$ASML Q1 results: A total beat! 🚀 Revenue and margins exceeded expectations, but the €5.9B in new orders is the real kicker. AI demand is fueling the fire. The order book is stacked. I’m incredibly bullish. 📈🔥 #ASML #AI #Semis #Stocks