Actually $ESMT and my legacy memory names held up better than the rest of the AI trade.
Probably did better... since E | Hanami
Actually $ESMT and my legacy memory names held up better than the rest of the AI trade.
Probably did better... since ESMT is around 1.6x runrate P/E, annualized off July earnings.
This was more of a durability/PSMC hike sensitivity type thesis, but... we got durability support now from brand new commentary yesterday:
- ESMT expected tightness on their legacy memory products through 2028 or longer
- Further Q4 price increases... with the operating performance is expected to be better than the third quarter
- Supply shortfall exceeding 30%
Source: Digitimes TW
So you have a $2.15B MC company that made $107M net income a month (annualized $1.28B earnings a year) from July earnings...
With future price hikes and likely tightness lasting through 2028 onward.
Retweeted by @aleabitoreddit from @aleabitoreddit(Historical earnings: For fiscal 2026Q2 (period ended 2026-06-30), Cloudflare reported basic and diluted EPS of -0.55, net income of -USD 0.193 billion, and revenue of USD 1.336 billion.
Consensus expectations: For the next upcoming period (2026Q3, event date 2026-11-05), consensus expects EPS of 0.02 and revenue of USD 0.745 billion.)