Alright, the market is just messing with people now… $ESMT (market cap: $2.3 billion) memory earnings + investor call:
- Revenue: $679.4M
- Gross profit: $526.2M (gross margin: 77.44%)
- Operating profit: $403.4M (operating margin: 59.37%)
Annualized from Q3, operating profit is about $1.61 billion.
They also have $757 million in net cash + $278 million in inventory on the books…
So in about 3.5 more quarters, their assets could exceed their market cap.
- The Economic Daily also reported that management expects no significant increase in DDR2/DDR3 supply in 2027 and believes prices can hold
So yeah, I think the market is messing with people, hammering a company with an annualized P/E of just 1.59x.
And prices are expected to keep rising in Q4.
$ESMT
- Revenue: $679.4M
- Gross profit: $526.2M (gross margin: 77.44%)
- Operating profit: $403.4M (operating margin: 59.37%)
Annualized from Q3, operating profit is about $1.61 billion.
They also have $757 million in net cash + $278 million in inventory on the books…
So in about 3.5 more quarters, their assets could exceed their market cap.
- The Economic Daily also reported that management expects no significant increase in DDR2/DDR3 supply in 2027 and believes prices can hold
So yeah, I think the market is messing with people, hammering a company with an annualized P/E of just 1.59x.
And prices are expected to keep rising in Q4.
$ESMT
