Earnings Review · 06 August 2026
The print
Revenue $1270.38B. EPS $4.31 vs $3.89 expected.
Give the business its due
The business itself is genuinely strong: revenue growing about 35%, net margins near 46%, a strong competitive moat.
The valuation lens
Our framework labels the valuation MODERATE. Fair value lands near $313 against a $415 share price, a margin of safety of about -25%. The trailing multiple sits around 35 times earnings, which only makes sense if the growth holds.
The ethical lens, our differentiator
Fails the principled screen, One or more financial figures pending. A strong business is not the same as a suitable one; for a values-conscious book this is a do-not-chase regardless of the print.
The compliant alternative
If the theme is what draws you, Micron Technology (MU) sits in the same industry (Semiconductors) and clears our principled screen, the place to look instead of chasing a name that does not.
The verdict for a values-conscious investor
A beat-and-raise does not change the screen. This is a great company you can admire without owning, protection first. We do not confuse a strong quarter with a suitable holding.
This is analysis, not financial advice. Always manage your risk.
