Research Archive
AMD Q424 Earnings – What’s Going on With AMD?
Key Takeaways The Narrative is clearly shifting as concerns the AI product roadmap is weaker than expected AMD’s datacenter GPU business faces a muted growth outlook in 1H25, with revenue expected to be flat versus 2H24 ($5.1B total in 2024). While management expects acceleration in 2H25 with the MI350 launch, this more backend-loaded growth profile…
Apple’s Q1 FY25: China Headwinds Test Growth as Company Awaits Stimulus Impact & Apple Intelligence Rollout
Apple delivered record Q1 FY25 revenue of $124.3 billion, up 4% year-over-year, driven by strong Services growth (+14%) and robust Mac and iPad performance. While iPhone revenue remained flat and China sales declined 11%, the company saw encouraging results from its new Apple Intelligence features and continued strength in emerging markets, particularly India. With an…
Microsoft Earnings Q2 FY2025: AI Drives Record $69.6B Revenue as Cloud Surpasses $40B Milestone
In Q2 FY2025, Microsoft delivered strong financial results with revenue reaching $69.6 billion and net income of $22.4 billion , driven primarily by exceptional growth in its AI and cloud services, where the annual AI revenue run rate exceeded $13 billion, representing a 175% year-over-year increase. Key Takeaways CEO Satya Nadella emphasized the massive opportunity…
Micron’s Mixed Reality: AI Strength Collides with Consumer Weakness in FQ1 2025
Key Takeaways Record Data Center Performance: Data center revenue grew 400% year-over-year and exceeded 50% of total revenue for the first time, highlighting Micron’s successful pivot toward AI-driven markets. HBM revenue more than doubled sequentially with strong margins, and the company has expanded its customer base with high-volume shipments to a second major customer. Near-Term…
Qualcomm Q4 2024: Transformation in Full Swing: Q4 Results Showcase Successful Pivot Beyond Mobile
Key Takeaways Strong Financial Performance: Exceeded expectations with $10.2B in Q4 revenue and $2.69 EPS, while delivering record free cash flow of $11.2B for the year. This performance came despite challenging market conditions, demonstrating the company’s operational resilience. Successful Diversification Strategy: Moving beyond just mobile chips, with remarkable growth in automotive (68% YoY) and IoT…
Arm Q2: V9 & CSS Transform Growth Model
Key Takeaways Strong Value-Based Pricing Power: Demonstrated by smartphone royalty revenue growing 40% despite only 4% unit growth, showing Arm’s ability to capture significantly more value per chip through V9 adoption and pricing power. This decoupling of revenue from units is a fundamental shift in their business model. V9 + CSS Creating New Growth Layers:…