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ASTERA LABS $ALAB Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $584.9M (Est. $551M) 🟢; +154% YoY 🔹 Adj. EPS: $1.32 (Est. $1.19) 🟢; +169% YoY 🔹 Non-GAAP Oper Income: $261.6M (Est. $233M) 🟢 Q4 Guide: 🔹 Revenue: $730M-$750M (Est. $656M) 🟢 🔹 Adj. EPS: $1.62-$1.66 (Est. $1.42) 🟢 🔹 Non-GAAP Gross Margin: 72% (Est. 71.1%) 🟢 Other Q3 Metrics: 🔹 Non-GAAP Gross Margin: 72.4% (Est. 71.9%) 🟢; -400 bps YoY 🔹 Non-GAAP Operating Income: $261.6M 🔹 Non-GAAP Operating Margin: 44.7%; +300 bps YoY Announcements: 🔹 Scorpio: 320-lane fabric switch became largest product family 🔹 Aries 7: connectivity reach extends to 50+ meters 🔹 Orion: six reference designs; scales from 8 to 160 accelerators 🔹 Leo X-Series: up to 62% faster time-to-first-token; 22% more tokens/sec Comments: 🔸 “Design activity accelerated with wins across a broad set of programs and applications at multiple customers.” 🔸 “The expansion of our intelligent connectivity platform and new design wins position us to strongly grow our dollar content per accelerator and further increase our total market opportunity.”

TOAST $TOST Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.98B (Est. $1.97B) 🟢; +21% YoY 🔹 EPS: $0.29 (Est. $0.25) 🟢; +81% YoY Other Q3 Metrics: 🔹 Adj. EBITDA: $240M (Est. $221M) 🟢; +36% YoY 🔹 Oper Income: $165M (Est. $156M) 🟢; +96% YoY 🔹 Free Cash Flow: $181M (Est. $273M) 🔴; +18% YoY 🔹 GPV: $61.8B (Est. $61.94B) 🔴; +20% YoY 🔹 Gross Payment Volume: $61.8B (Est. $61.94B) 🔴; +20% YoY 🔹 ARR: $2.5B; +24% YoY 🔹 Locations: ~189K; +21% YoY Raises FY26 Guide: 🔹 Adj. EBITDA: $840M-$850M (Est. $828M) 🟢; from $805M-$825M 🔹 Adj. Gross Profit: $2.38B-$2.39B Q4 Guide: 🔹 Adjusted EBITDA: $200M-$210M (Est. $205M) 🟡 🔹 Adj. Gross Profit: $610M-$620M Announcements: 🔹 Toast IQ: More than 20 product updates, including Toast IQ Grow expansion and Toast IQ Team launch 🔹 Customer Wins: Ruby Tuesday, Luke’s Lobster, Hopdoddy and ForFive Coffee; more than 250 locations Key Updates: 🔹 CFO Transition: Elena Gomez will step away at year-end; Michael Senno becomes CFO January 1, 2027 Comments: 🔸 “With our Fall Release, we expanded Toast IQ Grow and launched Toast IQ Team, moving Toast beyond tools that help operators run their business toward agents that take on the work for them.” 🔸 “I am proud of what we have built together – taking Toast public, scaling to $2.5B ARR and approximately 189,000 locations globally. It is now time for me to take a break before my next chapter.”

BLOCK $XYZ Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $6.72B (Est. $6.59B) 🟢; +10% YoY 🔹 Adj. EPS: $1.13 (Est. $1.03) 🟢; +109% YoY 🔹 Gross Profit: $3.24B; +22% YoY 🔹 Adj. Oper Income: $923M (Est. $855M) 🟢; +92% YoY 🔹 Adjusted EBITDA: $1.23B (Est. $1.19B) 🟢 Customers & Assets: 🔹 Cash App Actives: 60M in September; +4% YoY Raises FY26 Guide: 🔹 Adj. EPS: $4.15 (Est. $4.04) 🟢 🔹 Adjusted Oper Income: $3.5B (Est. $3.22B) 🟢 🔹 Gross Profit: $12.6B 🔹 Adjusted Operating Income Margin: 28% Q4 Guide: 🔹 Adj. EPS: $1.15 (Est. $1.15) 🟡 🔹 Adjusted Oper Income: $1.0B (Est. $988M) 🟢 🔹 Gross Profit: $3.3B FY27 Outlook: 🔹 Adjusted Oper Income: $4.6B (Est. $4.25B) 🟢 🔹 Gross Profit Growth: At least 15% YoY Other Q3 Metrics: 🔹 Cash App Gross Profit: $2.07B (Est. $1.97B) 🟢; +27% YoY 🔹 Square GPV: $76.36B (Est. $75.46B) 🟢; +14% YoY 🔹 Gross Payment Volume: $78.15B (Est. $75.46B) 🟢 🔹 Cash App Inflows: $86.00B (Est. $89.47B) 🔴; +10% YoY 🔹 Square Gross Profit: $1.16B; +14% YoY Announcements: 🔹 Square Features: Over 180 released through the first three quarters 🔹 Neighborhoods: Over 30K new seller locations; nearly $5B annualized GPV 🔹 Squaremates: Generally available in the U.S. 🔹 Square Kiosk: New voice-enabled AI self-ordering device

$META SET TO RAISE $15B IN US DOLLAR PORTION OF BOND OFFERING

ORACLE $ORCL REPORTEDLY PLANS NEARLY $10B SHARE SALE AT AN 11% DISCOUNT

DISNEY PLANS 1000s OF JOB CUTS Disney $DIS is reportedly preparing major layoffs affecting thousands of employees, with some managers asked to target 20% in annual cost savings. The reductions could come from both job cuts and lower operating expenses, with certain divisions expected to be affected more heavily than others. CEO Josh D’Amaro plans to reinvest part of the savings into film and TV programming, technology, theme parks and cruise operations. Disney employed approximately 231,000 people worldwide at the end of its last fiscal year.

RECURSION $RXRX Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $18.6M (Est. $14.8M) 🟢; +258% YoY 🔹 EPS: -$0.22 (Est. -$0.23) 🟢; loss narrowed YoY 🔹 Net Loss: -$119.0M; loss narrowed YoY Cash & Runway: 🔹 Cash: $561.5M 🔹 Cash Runway: into 2029 Pipeline Updates: 🔹 REC-4881: 87% of patients (13 of 15) reduced polyp burden; 47% median reduction; 85% remained below baseline after treatment 🔹 REC-1245: 3 partial responses (2 confirmed, 1 unconfirmed); 91.7% disease control at ≥45 mg (n=12) 🔹 Sanofi: $10M milestone for optioned first development candidate 🔹 Fred Hassan: appointed Chair effective October 31, 2026 Affirms 2026 Guide: 🔹 Cash Operating Expense: <$375M 2027 Guide: 🔹 Cash Operating Expense: <$360M Comments: 🔸 “The new TUPELO data are important clinical evidence, with REC-4881 showing deep polyp burden reductions across the upper and lower GI tract, including larger, higher-risk polyps, and reductions that persist after treatment stops.” 🔸 “Beyond our own pipeline, Sanofi has optioned a potential first-in-class molecule against a challenging dual target, while Genentech has advanced an unexplored neuroscience target from our maps.”

APPLE $AAPL Q4’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $114.50B (Est. $113.39B) 🟢; +12% YoY 🔹 EPS: $2.10 (Est. $1.99) 🟢; incl. tariff refund 🔹 Gross Margin: 47.9% (Est. 47.5%) 🟢 🔹 Greater China: $17.54B (Est. $18.55B) 🔴; +21% YoY Segment Revenue: 🔹 iPhone: $57.58B (Est. $56.48B) 🟢; +17% YoY 🔹 Services: $31.57B (Est. $31.58B) 🟡; +10% YoY 🔹 Products: $82.90B (Est. $81.46B) 🟢; +12% YoY 🔹 Mac: $10.79B (Est. $9.69B) 🟢; +24% YoY 🔹 iPad: $6.23B (Est. $6.83B) 🔴; -10% YoY 🔹 Wearables: $8.30B (Est. $8.99B) 🔴; -8% YoY Geographic Revenue: 🔹 Americas: $48.68B; +10% YoY 🔹 Europe: $32.01B; +12% YoY 🔹 Greater China: $17.54B; +21% YoY 🔹 Japan: $6.54B; -1% YoY 🔹 Rest of Asia Pacific: $9.71B; +15% YoY Financials: 🔹 Gross Profit: $54.82B; +13% YoY 🔹 Op Income: $35.63B (Est. $34.52B) 🟢; +10% YoY 🔹 Net Income: $30.71B; +12% YoY 🔹 FY26 Operating Cash Flow: $145.1B Capital Return: 🔹 Dividend: $0.27/share Key Updates: 🔹 Tariff refunds: 1 percentage point gross-margin impact; $0.05 EPS impact 🔹 September quarter records: total company revenue, iPhone revenue, and EPS; Services reached an all-time high Comments: 🔸 “Today, Apple is proud to report a September quarter revenue record of $114.5 billion, up 12 percent from a year ago, with iPhone reaching a September quarter record and Services reaching an all-time high, capping off our best fiscal year ever” 🔸 “We generated $28 billion in operating cash flow during the quarter, allowing us to return $28 billion to shareholders. Thanks to our very high levels of customer satisfaction and loyalty, our installed base of active devices reached a new all-time high across all major product categories and geographic segments.”

HARMONIC $HLIT Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $148.8M (Est. $131M) 🟢; +64% YoY 🔹 Adj. EPS: $0.23 (Est. $0.17) 🟢; +229% YoY 🔹 GAAP EPS: $0.16 🔹 Adj. Operating Profit: $33.0M; +227% YoY 🔹 Adj. Gross Margin: 52.1% (Est. 51.3%) 🟢; +520 bps YoY FY26 Guide: 🔹 Revenue: $545M-$555M (Est. $517M) 🟢; raised 🔹 Adj. EPS: $0.80-$0.84 (Est. $0.71) 🟢 🔹 Adj. Gross Margin: 52.1%-52.4% Q4 Guide: 🔹 Revenue: $141M-$151M (Est. $131M) 🟢 🔹 Adj. EPS: $0.19-$0.23 (Est. $0.17) 🟢 🔹 Adj. Gross Margin: 51.0%-52.0% Other Q3 Metrics: 🔹 Bookings: $105.9M; +9% YoY 🔹 Backlog & Deferred Revenue: $534.0M; +58% YoY 🔹 Cash: $142.8M Announcements: 🔹 cOS: 167 customers; 52.6M CPE devices 🔹 Rest-of-Market: over 60% of total Q3 bookings; 46% of revenue Key Updates: 🔹 Video sale: $137.9M paid at closing; Broadband is now the single segment Comments: 🔸 “Rest-of-Market growth which more than doubled year over year” 🔸 “introducing new fiber and intelligence products including our Recon platform, Oyster+, cOS Loop™ and cOS SensAI™.”

$AEHR TEST SYSTEMS Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $33.0M (Est. $27.1M) 🟢; +200% YoY 🔹 Adj. EPS: $0.28 (Est. $0.11) 🟢; +2700% YoY 🔹 Bookings: $46.7M 🔹 Effective Backlog: $109.3M Raises FY27 Guide: 🔹 Revenue: $150M (Est. $137M) 🟢 🔹 Non-GAAP Net Income: At least 20% of revenue 🔹 Prior Revenue Guide: $130M-$150M Other Q1 Metrics: 🔹 Backlog: $100.9M 🔹 GAAP EPS: $0.21 🔹 Cash: $105.1M Key Updates: 🔹 AI Processor WLBI: $22M follow-on order announced in August 2026 🔹 Sonoma: More than a dozen systems shipped and installed per month 🔹 Customer Base: Potential across more than a dozen customers

PALANTIR $PLTR Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $2.31B (Est. $2.18B) 🟢; +96% YoY 🔹 Adj. EPS: $0.44 (Est. $0.41) 🟢 🔹 US Commercial: $984M (Est. $943M) 🟢; +148% YoY 🔹 Adj. Op Income: $1.43B (Est. $1.26B) 🟢 Raises FY26 Guide: 🔹 Revenue: $8.530B-$8.534B (Est. $8.2B) 🟢 🔹 Adj. Op Income: $5.245B-$5.249B (Est. $4.76B) 🟢 🔹 Adj. FCF: $4.80B-$5.00B (Est. $4.52B) 🟢 🔹 US Commercial Revenue: >$3.6B Q4 Guide: 🔹 Revenue: $2.649B-$2.653B (Est. $2.46B) 🟢 🔹 Adj. Op Income: $1.640B-$1.644B (Est. $1.41B) 🟢 Revenue Breakdown: 🔹 US Revenue: $1.94B; +119% YoY 🔹 US Government: $953M (Est. $862M) 🟢; +96% YoY Other Q3 Metrics: 🔹 Adj. Oper Margin: 62% 🔹 Rule of 40: 158% 🔹 TCV: $2.92B; +6% YoY 🔹 US Commercial TCV: $1.46B; +11% YoY 🔹 US Commercial RDV: $6.52B; +79% YoY Key Updates: 🔸 Closed 212 deals of at least $1 million, 107 deals of at least $5 million, and 64 deals of at least $10 million Comments: 🔸 “The Sovereign AI movement is imposing the most dramatic dichotomy between haves and have nots that I have witnessed in 30 years of business. Every institution—government and commercial—is rapidly being forced, voluntarily or not, into one of these two categories,”

LATTICE SEMICONDUCTOR $LSCC Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $291.0M (Est. $256M) 🟢; +118% YoY 🔹 Adj. EPS: $0.72 (Est. $0.55) 🟢; +160% YoY 🔹 Non-GAAP Gross Margin: 70.9% (Est. 69.5%) 🟢 🔹 Adj. EBITDA: $131.0M (Est. $105.0M) 🟢 Q4 Guide: 🔹 Revenue: $325M-$345M (Est. $293M) 🟢 🔹 Adj. EPS: $0.82-$0.86 (Est. $0.64) 🟢 🔹 Non-GAAP Gross Margin: 72.0% +/- 1% 🔹 Non-GAAP OpEx: $95M-$101M 🔹 Non-GAAP Tax Rate: 4%-6% Other Q3 Metrics: Key Updates: 🔹 New Products: tracking to 25% of FPGA revenue in 2026 🔹 Technical Summits: Over 700 customers and partners; over 20 solutions demonstrated 🔹 Lattice Prompt: 10X or more productivity gains on common design tasks Comments: 🔸 “Strong bookings, backlog and design wins support our fourth-quarter revenue outlook of approximately $335 million and reinforce our confidence in growth into 2027 and beyond.” 🔸 “Our focus remains on driving profitable growth, expanding free cash flow, reducing debt, and delivering long-term shareholder value.”

OPENAI HAS CUT ITS FUNDING TARGET BY $10 BILLION AND NOW SEEKING $20B AT A $1.25 TRILLION VALUATION: FT

BINANCE FACES WHAT COULD BE THE BIGGEST CRYPTO HACK IN HISTORY Blockchain researchers spotted billions of dollars in suspicious transfers from Binance's hot wallets to newly created addresses, with some funds quickly moved to other wallets. One of the initial Ethereum transfers involved roughly $1.6B in USDT and 167,000 ETH. Estimates of total suspicious outflows have now reached approximately $5.9B across multiple blockchain networks, although the amount actually stolen remains unconfirmed. In response, Tether and Circle have frozen more than $2.38B in stablecoins linked to the incident, preventing those funds from being transferred further. Binance founder CZ says it “does look like a hack” and expects customer funds to be fully covered. Binance says user funds remain safe and is investigating the security issue. Some customers have also experienced withdrawal disruptions. For context, the previous largest crypto hack was the $1.5B Bybit theft in February 2025. If the full reported amount is confirmed stolen, this would surpass that record by nearly four times.

$INTC -20% 🩸