u/Alpha_Stock_BigBull

Revenue: ₹6,389.75 crore, down 7.0% from ₹6,872.12 crore; up 6.5% QoQ

PBT: ₹257.73 crore, down 24.7% from ₹342.16 crore; up 61.2% QoQ

PAT: ₹192.79 crore, down 28.1% from ₹268.19 crore; up 51.3% QoQ

FY26 full year revenue: ₹23,505.5 crore, up 7.6% YoY

Order book

Order backlog + L1 pipeline: over ₹42,000 crore (record)

Q1 FY27 order inflows already at a peak of ₹8,118 crore, book-to-bill 1.58x

FY27 order inflow target: ₹30,000 crore, against a ₹1.8 lakh crore tender pipeline

Other details

FY26 dividend: ₹5.50/share declared

FY26 operating cash flow: negative ₹414 crore, flagged as a working capital concern

Management guides FY27 revenue growth of 12-15%, but warns Q1 (and partly Q2) FY27 could be soft due to logistics disruptions and labour issues

Revenue: ₹2,493.7 crore, up 68.6% from ₹1,478.9 crore

Profit before tax: ₹389.5 crore, up 120.2% from ₹176.9 crore

Net profit (PAT): ₹294.2 crore, up 123.5% YoY (standalone PAT was ₹294.15 crore vs ₹131.6 crore)

Sequentially: revenue was down 9.5% from Q4 FY26's ₹2,754.1 crore, a normal seasonal dip, since Q4 tends to be execution-heavy

Order book, the standout metric:

Order inflows: ₹5,096.5 crore for the quarter

Order backlog: all-time high of ₹32,222.1 crore, giving strong revenue visibility ahead

Growth drivers & strategy

Broad-based execution across business segments plus a favorable product mix

Eyeing emerging demand pockets: AI data centers, smart grids, battery energy storage systems (BESS), and EV infrastructure

Expanding manufacturing footprint, building its 20th manufacturing unit at Karjan, Vadodara

Hitachi Group separately committed ₹1,000 crore to Tamil Nadu for tech/manufacturing expansion

Market reaction

Stock rose 2.19% to ₹32,600 on results day, even as the broader Nifty 50 fell 0.27% that session trading near the top of its 52-week range (₹16,111–₹38,785)

Stock had already outperformed the market going into results, up 3.58% the week prior vs Sensex's 2.39%

Net income: $25.7 billion, up 107.5% from a year earlier more than double Q1 2026's $10.1 billion, powered largely by investment gains

Investment gains: $10.9 billion this quarter (vs $1.5B a year ago) a sharp reversal after periods of negative marks

Operating earnings: $12.98 billion, up 16-18% YoY from $11.16 billion

Revenue: came in roughly in line with the ~$95.3 billion consensus estimate; consensus EPS was $5.24

Cash pile: $365.5 billion at end of Q2, down from the record $397.4 billion three months earlier

Segment breakdown

Manufacturing, service & retailing: $4.47 billion, up 24%

Berkshire Hathaway Energy: $891 million profit, up 27%

BNSF (railroad): $1.56 billion, up 6%

Insurance, the weak spot: underwriting earnings fell 13% to $1.73 billion; insurance investment income dipped 9% to $3.06 billion

Insurance float: ~$177.5 billion as of June 30, up ~$1.1 billion since year-end 2025

Other notable items

CEO Greg Abel (who took over from Buffett in January 2026) is starting to deploy Berkshire's record cash pile buybacks and fresh stock purchases picking up

Alphabet is now among Berkshire's top-5 equity holdings by value, alongside American Express, Apple, Bank of America, and Coca-Cola tied to the disclosed $10 billion Google investment to help fund

AI development

Taylor Morrison acquisition expands Berkshire's footprint in homebuilding, leaning into the US housing shortage

Stock performance: shares up just 3% YTD, badly lagging the S&P 500's 13% gain, though up 9% over the last three months

Revenue: ₹3,168.2 crore, up 54% from ₹2,058.6 crore

Gross profit: ₹587.2 crore, up 56.8% YoY; gross margin at 18.5% (vs 18.2%)

EBITDA: ₹285.3 crore, nearly doubling — up 99.5% YoY; margin expanded to 9.0% from 7.0%

PBT: ₹276 crore, up 130% YoY, 22% QoQ

Net profit: ₹205.2 crore, up 128.8% YoY and 22.2% QoQ

EPS: ₹18.14 basic

Segment breakdown

Wires & Cables: ₹2,880 crore revenue, up 57% YoY core growth driver

FMEG: ₹288.2 crore revenue, segment hit operational breakeven this quarter

One-off: ₹13.8 crore exceptional loss from new labour code statutory impact (non-recurring)

Other details

Crossed $1 billion revenue milestone (per AGM commentary)

Capex program "Project Rise": ₹1,200 crore planned FY26-FY28, mostly cables; ~₹650 crore earmarked for FY27

RoCE (FY26): 25.8%, up from 19.5% in FY25; debt-to-equity low at 0.1x

Stock: surged up to 6% to ₹2,679 on results day, near 52-week highs, up ~84% over the past year; trading at ~56x trailing earnings

Revenue: ₹3,185 crore, up 23% from ₹2,590 crore in Q1 FY26, led by broad-based demand across wires and cables

EBITDA: ₹415 crore, up 39.5% YoY; margin expanded to 12% from 10% a year earlier roughly 155 bps of expansion

Net profit: ₹274 crore, up 40% from ₹196 crore; PAT margin rose to 8.61% from 7.56%

EPS: ₹28.68 basic (vs ₹20.49 a year ago)

Segment highlights

Domestic wire and cable sales rose 29% to ₹2,784 crore;

Total wire and cable sales up 24.4% to ₹3,126 crore demand driven by power, data centers, renewables, railways, and construction

EHV cable sales climbed to ₹186 crore from ₹126 crore, carrying ~15% margins a favorable mix shift

Soft spot: export sales slipped due to geopolitical tensions and trade friction

Guidance & reaction

Management raised FY27 revenue growth guidance to 25%+ (from 20%+), and expects EBITDA margins around 11-12% for the year

Stock jumped over 8% to ₹5,415.95, pushing market cap to ~₹51,601 crore

Things to watch out is whether KEI will be able to quantify revenue contribution towards data centers business and by how much can be scaled to.

Revenue: $8.97 billion, up 51% sequentially and up 372% year-over-year beat consensus (~$8.3B) and management's own guide of $7.75–8.25B

Net income: $6.90 billion, up 91% sequentially compared to a net loss of $23 million in the same quarter last year (essentially infinite YoY growth, swung from loss to profit)

Diluted EPS: $43.97, vs. a loss of $0.16/share a year ago

Gross margin: 84.6%, up 6.2 points sequentially and up 58.4 points year-over-year

Full fiscal year 2026

Revenue: $20.25 billion, up 175% year-over-year

Net income: $11.43 billion, diluted EPS $73.76

Gross margin: 71.5%, up 41.4 points year-over-year

Key drivers (with YoY)

Data center revenue: $2.98B in Q4, up 103% sequentially, essentially from a near-zero base a year ago

Data center share of portfolio: grew from 12% to 38% of the total mix year-over-year

Full-year data center revenue: $5.15B, up 437% YoY

Edge revenue: $5.43B in Q4, up 48% sequentially and up 392% YoY

Full-year edge revenue: $12.16B, up 195% YoY

Consumer revenue: $556M in Q4, down 32% sequentially

Operating income: $7.04B, up 71% sequentially

Tech leadership

BiCS8 has ramped to the majority of bit production, and BiCS10 was announced positioning SanDisk as an industry gold standard for NAND across TLC and QLC.

Capital returns

Generated $5.0 billion in adjusted free cash flow (56% margin) and repurchased $4.5 billion of stock, with an additional $14 billion buyback authorization approved.

New Business Models (NBMs)

NBMs now provide 4+ years of revenue visibility, with over 50% of FY2027 bits and ~2/3 of FY2028 bits already committed, backed by $16.5 billion in financial guarantees. 10 new business agreements signed, worth a minimum of $93.9B.

Q1 FY2027 guidance

Revenue $10.30B–$10.80B (implies continued steep YoY growth given Q1 FY2026 was much smaller), EPS $44–$46.

Stock reaction

Shares fell ~12% after-hours despite the beat, as classic "sell the news" after a strong 2026 run-up.

CEO commentary

CEO David Goeckeler said the company closed FY26 with a leading technology portfolio, established data center as a key growth pillar, and deepened customer partnerships positioning SanDisk to generate growing, durable free cash flow.

Now things to watch going forward is whether SanDisk is able to sustain the revenue, income and gross margin. Add new products to its product mix and not just rely on price increase only.

But overall an excellent stock to be in investing for a long term perspective.

Revenue: $7.8B, up 92% YoY, beating estimates of $6.8B-$6.9B

Loss per share: -$0.09, smaller than the expected -$0.26 loss

Net loss: $541M, narrowed from $1.0B a year ago

Adjusted EBITDA: $3.5B vs. $2.0B expected

Capex: $18.37B, roughly in line with estimates

Segment highlights:

Starlink/Connectivity: Now over 12M subscribers (per CFO); Connectivity EBITDA $2.6B vs $2.41B est. Which is the main profit engine

Space (launch): Revenue up 29% YoY to $962M; 78 launches, 1,041 metric tons to orbit over H1 2026

AI: New AI compute agreements cited as a key driver of margin expansion; CFO said SpaceX is on pace to hit $100B annualized recurring revenue by year-end, partly from newly contracted cloud services revenue.

Spacex dropped ~8% in after-hours trading (some recovery afterward) despite the beat, investors focused on heavy AI/Starship capex and continued losses. Shares are still trading well below the $150 IPO price; down roughly 16-24% since the June debut.

Revenue: $11.5B, up 50% YoY, beating estimates of $11.35B

EPS: $1.66, beating estimates of $1.61

Gross margin 54%

Net income growth: net income jumped from $872M to $2.3B YoY which is roughly 164% growth.

By segment:

Data Center: $6.7B, up 107% YoY which is 58% of total revenue, driven by EPYC CPUs and Instinct GPUs

Client: $3.1B, up 23%

Gaming: fell 31% to $779M due to lower semi-custom demand

Embedded: $977M, up 19%

Guidance: Q3 revenue guided at $12.7B–$13.3B, ~41% YoY growth, above the $12.5B consensus

Key narrative:

AMD is shipping Helios, its first rack-scale AI system, to Meta, OpenAI, and Oracle this quarter — directly competing with Nvidia's full systems, not just chips. Lisa Su said data center sales are expected to double in 2027, with server revenue up more than 80% annually.

Stock closed up 7% to $518.58 in regular trading, then fell ~8-9% in after-hours to around $473, despite beating on revenue and EPS.

Revenue from operations: ₹819.7 cr, up 172.13% YoY from ₹301 crore in Q1 FY26, and 5.64% QoQ from ₹783.93 crore in Q4 FY26

PAT: ₹85.3 cr, up 179.92% YoY and 20.85% QoQ from ₹70.60 crore in Q4 FY26

EBITDA: ₹120.5 cr, up 169.03% YoY from ₹44.79 crore; margin at 14.70%, roughly flat YoY (14.87% in Q1 FY26) but up sharply from 12.48% in Q4 FY26

EPS: ₹14.98 for the quarter, up 178.44% YoY from ₹5.38 in Q1 FY26

Net debt: ₹1,999.00 million as of June 30, 2026

Segment drivers:

AI Systems revenue jumped 484% YoY to ₹5,105.70 million, now 62% of total revenue

HPC and Private Cloud contributed ₹1,252.94 million and ₹1,353.46 million respectively

Order book stood at ₹25,069.35 million as of June 30, 2026

Other notes:

Board announced August 7 as the record date for a final FY26 dividend of ₹3/share

Stock is up 45.16% YTD and up 144.32% over the past year (as of late July 2026), trading at a P/E multiple of 122.7

Revenue: $3.63 billion, up 48-49% YoY, beating the ~$3.48-3.5B estimate also up 17% sequentially

EPS: $5.71 vs. $5.09 expected — a beat of over 12%, up 120% YoY

gross margin: 52.7%, up dramatically from 37.9% a year ago and up 570 bps sequentially

Full fiscal year 2026

Revenue: $12.2 billion, up 34% YoY

EPS: $13.90, EPS: $15.58

Free cash flow: record $3.1 billion for the year, $1.1 billion in Q4 alone

Retired $1.4 billion in debt for the year ($302M in Q4 alone)

Returned $810 million to shareholders via dividends and buybacks; declared a $0.74/share quarterly dividend payable October 2026

What's driving it, data center demand

Data center segment generated $2.9 billion in Q4 revenue, up 57% YoY, now accounting for 81% of total sales data centers now make up roughly 90% of exabyte shipments

Growth tied to Seagate's HAMR (heat-assisted magnetic recording) technology roadmap, which appears to be executing on schedule

This is the storage-layer piece of the AI infrastructure buildout hyperscalers need mass-capacity drives to store the data feeding AI training and inference

Guidance for Q1 FY2027, the standout

Revenue guided to $4.1 billion at the midpoint

EPS guided to $7.30 at the midpoint

Both come in substantially above prevailing Street estimates

Revenue: $28.2 billion, up 26% YoY, beating the \~$26.4B analysts expected Tesla's first real revenue growth in over a year

Deliveries: 480,126 vehicles, a Q2 record, production over 450,000

EPS: $0.33, well below the \~$0.53 expected, down 18% YoY

Trailing-twelve-month revenue topped $100 billion for the first time

Where it fell apart in terms of profitability

Operating income: fell 57% to $398 million, compressing operating margin to just 1.4%, down from 4.1% a year ago

Operating expenses climbed 47% to $4.35 billion, driven by AI/R&D spend

Free cash flow turned negative by $1.1 billion as capex surged 142% to $5.8 billion, tied to AI, robotics, and autonomous systems investment

Regulatory credits collapsed, removing a profit cushion Tesla has historically leaned on

Segment detail

Services revenue grew 50%

Energy storage deployments hit 13.5 GWh, up more than 40% YoY

Context and why deliveries grew

Tesla is trying to recover from consecutive years of declining deliveries amid competition from Chinese automakers like BYD, Nio, and Xiaomi

Rising gas prices from the U.S.-Iran conflict boosted sales in H1, with European buyers purchasing more EVs

Some demand headwind from buyers boycotting Tesla over Musk's political activity

On the call, Musk called Optimus "the biggest product ever" and doubled down on Robotaxi scaling, calling growth "non-linear" while claiming the company has "never been more optimistic about the future"

Again there are tumors on Tesla Spacex merger, how much energy can it bring to the combined entity and how can it add value to the AI revolution.

There is one more rumor on divesting or selling off Tesla China business. Do not know how much it is true because leaving the china market is a big blow to Tesla Shareholders.

Revenue: $60.8B, up 28% YoY, slightly ahead of the $60.29B estimate

EPS: $6.18, missing the $7.22 estimate by 14% snapped a six-quarter beat streak

Net income: $15.85B, down 14% YoY

Operating margin: 31%, down from 43% a year ago

Why profit dropped despite the revenue beat:

$2.4B in legal charges (youth-related litigation risk flagged for upcoming U.S. trials)

$1.18B in severance from the May layoff of ~8,000 employees, part of an AI-focused restructuring

Excluding these one-time items, operating income would've grown 9% YoY the underlying business stayed healthy

Ad business still firing:

Family of Apps ad revenue: $59.4B, up 27% YoY

Ad impressions up 14%, average price per ad up 12%

3.6 billion daily active people across all Meta apps

AI and capex story:

Full-year 2026 capex guidance: $130-145B, up massively from $72.2B in 2025

Announced a $10B+ joint venture with BlackRock for a 1 GW data center in El Paso, Texas

Q2 capex alone: $31.1B

Guidance:

Q3 revenue: $61-64B

Full-year expenses raised to $165-169B

Still expects 2026 operating income to exceed 2025

When Does Meta's AI Capex Actually Turn Into ROI, and What Determines the Payoff?

Many stocks such as NSE, zepto and other stocks are lost opportunities.

How are you guys investing and is it worth surrendering time and efforts?

Revenue: $119.8 billion, up 24% YoY, 12th consecutive quarter of double-digit revenue growth, beat the $116.9B estimate

EPS: $2.85 adjusted vs. $2.89 expected a slight miss despite the revenue beat

Operating income: $40.8 billion, up 30%, expanding margin to 34%

Google Cloud the standout

Cloud revenue climbed 82% to $24.8 billion, driven by AI infrastructure and enterprise AI demand up sharply from 63% growth in Q1 and 48% in Q4 2025

Cloud operating income reached $8.8 billion, up from $2.8 billion a year earlier

Backlog hit $514 billion, up more than $50 billion sequentially

Core business

Google Services revenue rose 15% to $94.5 billion Search grew 17% to $63.3 billion,

YouTube ads 13% to $11.1 billion, subscriptions/platforms/devices 15% to $12.9 billion

Gemini models now process 22 billion API tokens per minute, and the Gemini App has 950 million monthly active users

Nearly 90% of the Fortune 100 use Gemini Enterprise

Google's Antigravity AI coding tool has 2.4 million weekly active users

Capex and cash flow why the stock dropped

Alphabet raised its 2026 capex guidance to $195-205 billion, up from the prior $180-190 billion range

Negative free cash flow of $5.9 billion, driven by high capex.

"Other Bets" (including Waymo) lost $1.8 billion on just $382 million in revenue

Revenue: $90.0B for the quarter, up 18% YoY, beating the $87.6B estimate

EPS: $4.74 adjusted vs. $4.24 expected

Net income: $35.8B, up 31% GAAP

Full fiscal year 2026: $331B+ revenue (up 18%), operating income over $155B (up 21%) Microsoft's strongest year yet

Stock: jumped 8% in after-hours trading

Azure and cloud:

Microsoft Cloud revenue: $59.3B, up 27%

Intelligent Cloud: $39.3B, up 32%

Azure specifically: up 43% first full fiscal year crossing $100B in annual revenue

Commercial remaining performance obligation (future contracted revenue): $678B, up 84% YoY a strong forward-looking signal

AI monetization — the real story:

Microsoft 365 Copilot: 30 million+ paid seats

GitHub Copilot: 50 million users

This is AI converting into actual recurring enterprise revenue, not just capex promises

$3.2B gain on the Anthropic investment (+$0.27 to EPS), plus $480M net income boost from OpenAI investment gains

Microsoft's fiscal Q1 2027 guidance (quarter ending Sept 30, 2026):

Total revenue: $89.85 billion to $90.95 billion up 16% at the midpoint

Azure growth: guided to 45%

Operating margin: implied around 48.5% at the midpoint

Implied EPS: around $4.70

Capex: quarterly capital expenditures set to top $50 billion capex keeps climbing hard

Revenue: $109.4 billion, $2.02 EPS (9to5Mac) — up 16.4% YoY, beating the ~$108.79B estimate.

Net income: $29.8 billion, up from $23.4 billion a year ago

iPhone: $54.3B revenue, up 21.7%, ~49.6% of total revenue

Services: $30.7B, up 12.1% came in below the ~$31.4B

Gross margin: 50.1%, including a roughly 2% boost from tariff refunds

R&D spend: $11.7 billion, up 32% from $8.9 billion AI, custom silicon, new device categories

Every region grew; Europe contributed the most new revenue at $5.4B

Big context: this was Tim Cook's last earnings call as CEO John Ternus takes over Sept. 1

Headwind: Apple is dealing with a memory chip and processor shortage, pushing up Mac/iPad prices and delivery delays.

R&D spend is ramping hard

Apple spent $11.7 billion on R&D this quarter, up 32% from $8.9 billion a year ago. That's a serious step-up, and it lines up with the AI, custom silicon, and new device category investments management has been signaling. The new Siri AI unveiled at WWDC26 got a specific shoutout in the earnings release..

Amazon smashed Q2 2026 estimates with AWS growing 37% (fastest in 18 quarters), revenue crossing $200B for the first time ever, and Jassy raising capex guidance to $220B. Stock popped 9% after hours.

Amazon just put up one of its strongest quarters in years. Revenue hit $200.6 billion, up 20% year over year, crushing the $196B Wall Street expected. Adjusted EPS came in at $1.97 versus the $1.82 analysts were looking for. Operating income jumped 43% to $27.5 billion.

Revenue: $200.6B, +20% YoY (first time crossing $200B in a quarter)

EPS: $1.97 adjusted vs. $1.82 expected

Operating income: $27.5B, +43% YoY

AWS: $42.2B revenue, +36.7% YoY (fastest in 18 quarters), 39% operating margin

Ads: $19.8B, +26% YoY

Capex Guidance: raised to ~$220B for 2026 (from ~$200B)

Q3 guide: $197-202B revenue, slightly below the $204B analysts wanted (Prime Day timing + FX)

Stock: jumped ~9% after hours to $257

AWS is Amazon's growth engine right now, reaccelerating with expanding margins, while Trainium/Graviton chips are becoming a real standalone business rather than just supporting infrastructure.

Eicher Motors delivered its Q1 FY27 results on July 29, 2026, posting an all-time high quarterly revenue driven by record volumes at Royal Enfield.

However, despite a clean 30%+ top-line beat, the stock experienced a mild ~0.7% to 1% pull-back to trade near ₹7,770 post-print. It remains anchored close to its 52-week high of ₹8,230.

Earnings & Margin Dynamics

Top-Line Surge: Consolidated revenue jumped 31.5% YoY to ₹6,632 Crore, comfortably beating street estimates (~₹6,250 Cr) on the back of 332,940 motorcycle unit sales (+27.4% YoY).

Net Profit (PAT): Grew 21.4% YoY to ₹1,463 Crore (vs. ₹1,205 Cr in Q1 FY26), boosted by high-margin 450cc/650cc models and strong performance at the VECV commercial vehicle joint venture.

Operating EBITDA rose 32% YoY to ₹1,590 Crore, with EBITDA margins holding steady at 23.98%.

The board approved a fresh ₹1,225 Crore greenfield capex for Phase 1 of a new facility in Tada, Andhra Pradesh (adding 4.5 lakh units/year by FY30).

With the stock pulling back slightly to ~₹7,770 off its ₹8,230 high, do you see this as a solid entry point ahead of festive season dispatches, or is valuation at ~30x P/E too rich?

Liquor giant Radico Khaitan released its Q1 FY27 results on July 28, 2026, posting its highest-ever quarterly margin and net profit profile. The strategy to sacrifice low-margin regular liquor in favor of premium spirits (Rampur, Magic Moments, Royal Ranthambore) is paying off in full force.

Financial Snapshot (Q1 FY27)

Revenue (ex-excise): ₹1,683.7 Cr (+11.8% YoY)

Net Profit (PAT): ₹229.6 Cr (+75.9% YoY)

EBITDA: ₹348.1 Cr (+50.9% YoY)

EBITDA Margin: 20.7% (+540 bps YoY)

EPS: ₹17.14 (vs ₹9.77 in Q1 FY26)

2. Brand & Portfolio Shift

Prestige & Above (P&A) Boom: P&A volumes jumped 35.8% YoY to 5.22M cases. Premium products now make up 53.1% of total volume (up from 41.5% last year).

De-leveraging Ahead of Schedule: Reduced net debt by ₹138 Cr in Q1 alone. On track to become completely net debt-free by Q2 FY27.

Vodka & Whisky Moats: Magic Moments holds >60% national market share in vodka, while luxury single malts (Rampur) continue expanding global distribution.

Amazing stock, but this still has steam to give excellent performance to retail investors???

Nvidia's primary HBM memory supplier SK Hynix dropped its Q2 2026 earnings on July 29, 2026. The numbers show just how massive the AI memory supply crunch remains.

Financial Snapshot:

​Revenue: KRW 79.32 Trillion (+257% YoY / +51% QoQ)

​Operating Profit: KRW 60.54 Trillion (+557% YoY)

​Operating Margin: 76% (vs 41% in Q2 2025)

​Net Cash Position: KRW 69.4 Trillion

​Key Highlights:

​HBM4 Ramp: Mass shipments of 6th-gen HBM4 officially started in Q2, with yield curves progressing faster than expected.

​eSSD Demand Explosion: Enterprise SSD sales for AI training/inference racks tripled YoY through their Solidigm business.

​Capex Increase: Raised full-year 2026 capex guidance to the high ₩40 Trillion band to build out advanced packaging capacity.

Why the Share Price Dropped Drastically (The Root Causes)

Despite posting a 76% operating margin, several key friction points triggered panic selling and profit-taking:

Missed Buy-Side Whisper Numbers: Consolidated revenue (KRW 79.32T) fell short of consensus estimates (~KRW 83.85T) by over KRW 4.5 Trillion. Operating profit (KRW 60.54T) also missed whisper expectations of KRW 64T+ due to slight shipment delays in advanced DRAM nodes.

Shift to Long-Term Agreements (LTAs) Caps Upside: SK Hynix announced multi-year LTAs with ~10 primary hyperscalers. While this provides cash flow stability, Wall Street interpreted it as a sign that memory pricing power may be peaking, capping future ASP (Average Selling Price) surges.

Capex Acceleration Shock: Management raised full-year 2026 Capex guidance to the high KRW 40 Trillion range. Investors fear "over-investment risk," where aggressive capacity additions in HBM4 fabs erode long-term free cash flow.

Extreme Retail Leverage & De-risking: The stock had risen over 130% year-to-date. Heavy retail margin debt and leveraged ETF positions in South Korea triggered automated margin calls and forced liquidations, accelerating the sell-off into a broader market rout.

Semiconductor industry has massively corrected impacted every stock which once where high performers. Giving chills to retail investors on how to cope with the current investment loss.