Category: AI & Data Center
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Synopsys (SNPS) Q3 Earnings Review: What the +42% Revenue Hidden and Why I Lowered My Target to $420
Synopsys (SNPS) announced on August 26 that revenue for the third quarter of fiscal 2026 was $2.4768 billion (approx. 3.33 trillion KRW), an increase of 42.41 TP3T, and non-GAAP EPS of $3.91 exceeded expectations. The stock price surged 13.41 TP3T the following day but gave back all of it within six trading days. Core EDA growth excluding Ansys is 8.51 TP3T. My 12-month baseline target price is $420 (approx. 564,060 KRW), and my rating is Hold.
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Dell Technologies (DELL) Q2 FY2027 Earnings Review: What the $25 Billion Guidance Raise Changed and What It Didn't.
Dell Technologies (DELL) announced on September 1st that revenue for the second quarter of FY2027 was $46.971 billion (approx. 63.7 trillion KRW), an increase of 581 TP3T from a year ago, and non-GAAP earnings per share of $7.04 exceeded expectations by 431 TP3T. Annual guidance was also raised by $25 billion to $192 billion. However, the operating profit margin for AI servers remains in the mid-single digits, and quarterly free cash flow decreased by 471 TP3T. The 12-month baseline target price is $410 (approx. 555,899 KRW), and the investment rating is Hold.
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Broadcom (AVGO) Q3 FY2026 Earnings Review: Drops 51 TP3 T on 3.2x AI Revenue in After-Hour Trading; Why I Valued It at $415
Despite Broadcom (AVGO) exceeding expectations with Q3 FY2026 revenue of $29.59 billion (+861 TP3 T) and non-GAAP EPS of $3.32, the stock price fell 51 TP3 T in after-hours trading. This was because the Q4 guidance of $34.8 billion fell short of the consensus of $35.05 billion by $250 million. The 12-month target price, based on a compromise between a fair forward P/E of 25x and DCF, is $415 (approx. 568,011 KRW), and the investment rating is Buy (Medium confidence).
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IREN Contract ARR $4 Billion vs. Quarterly Revenue $137.2 Million — FY2026 Earnings Analysis and Target Price Recalculation
IREN announced on August 27 that revenue for the fourth quarter of FY2026 was $137.2 million, down 5.21 TP3T from the previous quarter, and that it reported a net loss of $684 million. 841 TP3T of the loss was due to non-cash impairment losses resulting from the scrapping of Bitcoin mining equipment. On the same day, the company projected a contracted ARR of $4 billion for 2026 capacity and a FY2027 CAPEX of $25 billion to $30 billion. The 12-month baseline price target was lowered from $53 to $45 (approx. 62,190 KRW), but the investment rating was maintained at Buy (High Risk).
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Why Did Extreme Networks (EXTR) Plummet to 201 T/3 T Despite Strong Earnings? FY2027 Guidance and Target Price Analysis
Extreme Networks (EXTR)'s FY2026 non-GAAP earnings per share are $1.06, but on a GAAP basis, they are $0.31. The majority of the difference is due to $88.26 million in annual stock compensation expenses. The 12-month baseline price target is $26.50 (approx. 36,623 KRW) and the rating is Hold, reaching a conclusion different from the Wall Street consensus of $33.50. {“rank_math_title”: “Extreme Networks (EXTR) Stock Outlook · Target Price Analysis | August 2026”, “rank_math_description”: “Extreme Networks (EXTR) 12-month baseline price target $26.50 (approx. 36,623 KRW) · Hold. Addresses the earnings quality issues created by the slowdown in FY2027 guidance and stock compensation expenses.”,…
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NVIDIA (NVDA) Q2 Earnings Analysis: Between Record Net Income and Halved Operating Cash Flow
NVIDIA (NVDA) announced on August 26 that revenue for the second quarter of FY2027 was $96.221 billion, up 1,061 TP3T from a year ago, and non-GAAP EPS of $2.22 exceeded the consensus. Operating cash flow for the same quarter was $24.077 billion, which was only 401 TP3T of net income. 12-month baseline price target of $300 (approx. 415,500 KRW) · Buy rating.
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Nevius (NBIS) Q2 Earnings Review: +4,541 TP3T Revenue and 341 TP3T Surge Leave Behind Homework
Nevius (NBIS) announced second-quarter revenue of $582.3 million on August 12, up 4,541 TP3T from a year earlier, and the group adjusted EBITDA margin rose to 411 TP3T. The stock price surged 341 TP3T on the day to close at $259.20 (approximately 365,990 KRW). With a 12-month baseline target of $290 and a Hold rating, the key factor in the assessment is financing, not contracts.
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Kulicke & Sofa (KLIC), Revenue Up 1231 TP3T: What the Low 15x P/E Tells Us
Kulicke & Sofa (KLIC) reported revenue of $330.41 million for the third quarter of FY2026, an increase of 1231 TP3T in one year, and returned to profitability. Nevertheless, the 12-month baseline target price is $102 (approx. 144,024 KRW), and the investment rating remains Hold. The reason is the gap between the low P/E ratio and peak earnings.
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Nova (NVMI) fell 381 TP3 T from June high despite record quarter — fair value is $357
Despite a record second quarter and upgraded guidance, Nova (NVMI) stock has fallen 381 TP3T from its June high. This is the result of a combination of tariffs and concerns regarding the late stage of the cycle. The 12-month baseline target price, based on an appropriate multiple of 29x, is $357 (approximately 507,654 KRW), and the investment rating is Hold.
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How much of the profit leverage created by MKS (MKSI) debt reduction is reflected in the target price?
MKS (MKSI)'s quarterly interest expense decreased from $59 million to $45 million in one year, and its adjusted EBITDA margin rose to 25.71 TP3T. Even reflecting these structural improvements, the 12-month baseline target price remains $306 (approx. 436,662 KRW), with a Hold rating. The current price of $320.76 slightly exceeds the fair forward multiple of 22x. Base exchange rate: 1 USD = 1,427 KRW (2026-08-04).