Cambria Global Asset Alloc

GAA

----

Cambria Global Asset Alloc

GAA

----

Share your thoughts

Write something you'd like to share with our community...

A
AI GossipDec 27, 2025 at 10:38 AM
After hitting a four-year low in FY24, AMAT's TSMC revenue recovered well and hit an all-time high in FY25, driven by leading-edge logic. Its TSMC revenue grew 80% y/y in FY25, Samsung revenue up 31% and China down -16%. TSMC accounted for nearly 40% of AMAT's foundry/logic revenue in FY25. AMAT had $4.5B in GAA (gate-all-around) revenue and most of that is driven by TSMC. GAA capacity still has a long ramp ahead and will likely triple from current industry capacity. AMAT claims over 50% share of the GAA and backside power SAM, with roughly 30% incremental revenue per fab for GAA versus FinFET.
Source: Sravan Kundojjala
A
AI GossipDec 5, 2025 at 08:41 AM
AMAT admits share losses in C25 (up to 200bps but could be more) as some competitors like Lam outperformed WFE by a big margin. Domestic China tool vendor progress and ICAPS (mature nodes) weakness are key drivers of share losses. DRAM and leading-edge logic remain area of strength though AMAT reduced its GAA guidance for F25 by 10%.
Source: Sravan Kundojjala
D
Dolphin ResearchDec 2, 2025 at 10:09 PM
Marvell (Minutes): AWS is the first to become Celestial AI's 'core leading customer'
The following are the minutes of Marvell Technology's Q3 2026 earnings call. For an interpretation of the earnings report, please refer to "Marvell: Acquisition to Fill Gaps, Is the NVIDIA Alternative Route Almost Complete?" 1. $Marvell Tech(MRVL.US) Key Financial Data Review Revenue: Achieved a record $2.075 billion in the third quarter, a quarter-over-quarter increase of 3% and a year-over-year increase of 37%. Excluding the divested automotive Ethernet business, core business revenue grew approximately 6% quarter-over-quarter and 41% year-over-year...
MarvellConference Minutes
D
Dolphin ResearchNov 3, 2025 at 09:34 PM
Palantir (Minutes): Customers are no longer satisfied with a single scenario but rather with a system restructuring.
The following are the minutes of the FY25Q3 earnings call for $Palantir Tech(PLTR.US) organized by Dolphin Research. For earnings interpretation, please refer to "Palantir: Valuation Too Advanced, Backlash is Coming." 1. Review of Core Financial Data Total Revenue: $1.181 billion, up 63% year-over-year, up 18% quarter-over-quarter, reaching a historical high, far exceeding expectations. U.S. Market: Revenue of $883 million, up 77% year-over-year, up 20% quarter-over-quarter, accounting for three-quarters of total revenue. 40 Rule Score: Reached 114 points, up 20 points quarter-over-quarter, setting a historical record...
PalantirConference Minutes
D
Dolphin ResearchOct 31, 2025 at 06:57 AM
Reddit (Minutes): There are still user penetration opportunities among specific groups in North America
The following are the minutes of the earnings call for $Reddit(RDDT.US) FY25Q3 organized by Dolphin Research. For an interpretation of the earnings report, please refer to "Reddit: Another Surprising Surge, How to View the Expectation Gap Before and After the Earnings Report?" 1. Review of Core Financial Data Performance Overview User Scale: Daily Active Users (DAU) reached 116 million, and Weekly Active Users (WAU) reached 444 million, both increasing by approximately 20% year-over-year. Revenue Performance: Total revenue was $585 million, a year-over-year increase of 68%. Profitability: GAAP net income was $163 million, with a net profit margin of 28%...
RedditConference Minutes
A
AI GossipMay 3, 2025 at 07:06 AM
ASMI implied some upside opportunities in 2025 which could drive its revenue to the higher end of the guidance (20%). China upside, mature node rebound, higher HBM (if adv pkg constraints ease), GAA adds (if yields improve) and 200mm SiC adds (if EV demand improves).
Source: Sravan Kundojjala

Share your thoughts

Write something you'd like to share with our community...

A
AI GossipDec 27, 2025 at 10:38 AM
After hitting a four-year low in FY24, AMAT's TSMC revenue recovered well and hit an all-time high in FY25, driven by leading-edge logic. Its TSMC revenue grew 80% y/y in FY25, Samsung revenue up 31% and China down -16%. TSMC accounted for nearly 40% of AMAT's foundry/logic revenue in FY25. AMAT had $4.5B in GAA (gate-all-around) revenue and most of that is driven by TSMC. GAA capacity still has a long ramp ahead and will likely triple from current industry capacity. AMAT claims over 50% share of the GAA and backside power SAM, with roughly 30% incremental revenue per fab for GAA versus FinFET.
Source: Sravan Kundojjala
A
AI GossipDec 5, 2025 at 08:41 AM
AMAT admits share losses in C25 (up to 200bps but could be more) as some competitors like Lam outperformed WFE by a big margin. Domestic China tool vendor progress and ICAPS (mature nodes) weakness are key drivers of share losses. DRAM and leading-edge logic remain area of strength though AMAT reduced its GAA guidance for F25 by 10%.
Source: Sravan Kundojjala
D
Dolphin ResearchDec 2, 2025 at 10:09 PM
Marvell (Minutes): AWS is the first to become Celestial AI's 'core leading customer'
The following are the minutes of Marvell Technology's Q3 2026 earnings call. For an interpretation of the earnings report, please refer to "Marvell: Acquisition to Fill Gaps, Is the NVIDIA Alternative Route Almost Complete?" 1. $Marvell Tech(MRVL.US) Key Financial Data Review Revenue: Achieved a record $2.075 billion in the third quarter, a quarter-over-quarter increase of 3% and a year-over-year increase of 37%. Excluding the divested automotive Ethernet business, core business revenue grew approximately 6% quarter-over-quarter and 41% year-over-year...
MarvellConference Minutes
D
Dolphin ResearchNov 3, 2025 at 09:34 PM
Palantir (Minutes): Customers are no longer satisfied with a single scenario but rather with a system restructuring.
The following are the minutes of the FY25Q3 earnings call for $Palantir Tech(PLTR.US) organized by Dolphin Research. For earnings interpretation, please refer to "Palantir: Valuation Too Advanced, Backlash is Coming." 1. Review of Core Financial Data Total Revenue: $1.181 billion, up 63% year-over-year, up 18% quarter-over-quarter, reaching a historical high, far exceeding expectations. U.S. Market: Revenue of $883 million, up 77% year-over-year, up 20% quarter-over-quarter, accounting for three-quarters of total revenue. 40 Rule Score: Reached 114 points, up 20 points quarter-over-quarter, setting a historical record...
PalantirConference Minutes
D
Dolphin ResearchOct 31, 2025 at 06:57 AM
Reddit (Minutes): There are still user penetration opportunities among specific groups in North America
The following are the minutes of the earnings call for $Reddit(RDDT.US) FY25Q3 organized by Dolphin Research. For an interpretation of the earnings report, please refer to "Reddit: Another Surprising Surge, How to View the Expectation Gap Before and After the Earnings Report?" 1. Review of Core Financial Data Performance Overview User Scale: Daily Active Users (DAU) reached 116 million, and Weekly Active Users (WAU) reached 444 million, both increasing by approximately 20% year-over-year. Revenue Performance: Total revenue was $585 million, a year-over-year increase of 68%. Profitability: GAAP net income was $163 million, with a net profit margin of 28%...
RedditConference Minutes
A
AI GossipMay 3, 2025 at 07:06 AM
ASMI implied some upside opportunities in 2025 which could drive its revenue to the higher end of the guidance (20%). China upside, mature node rebound, higher HBM (if adv pkg constraints ease), GAA adds (if yields improve) and 200mm SiC adds (if EV demand improves).
Source: Sravan Kundojjala

Cambria Global Asset Alloc

Cambria Global Asset Alloc

Marvell (Minutes): AWS is the first to become Celestial AI's 'core leading customer'

Palantir (Minutes): Customers are no longer satisfied with a single scenario but rather with a system restructuring.

Reddit (Minutes): There are still user penetration opportunities among specific groups in North America

Marvell (Minutes): AWS is the first to become Celestial AI's 'core leading customer'

Palantir (Minutes): Customers are no longer satisfied with a single scenario but rather with a system restructuring.

Reddit (Minutes): There are still user penetration opportunities among specific groups in North America