Track semiconductors, computing infrastructure and the technology cycle.
Wangsu Science & Technology’s security business accounted for 34% of revenue in the first half, with a gross margin of 74%. Zheshang Securities believes an improved competitive landscape in CDN and a higher share of security business could support a recovery in profitability, while edge AI offers new growth opportunities.
Record memory testing and better-than-expected product testing were offset by weakness in robotics. Goldman Sachs raised its earnings forecasts while lowering its price target because peer valuations declined.
The timing of customer purchases weighed on third-quarter revenue, while a higher share of optical equipment lifted gross margin. Goldman Sachs expects shipments to increase in the fourth quarter, while cutting future earnings forecasts because of longer delivery cycles.
Third-quarter revenue rose 97.5% year over year, but higher R&D expenses weighed on the operating margin. Goldman Sachs is optimistic about growth from large-package equipment and new CPO products, and expects gross margin improvement to occur mainly in the second half of 2027.
A better mix of high-value MLCC and FC-BGA products pushed third-quarter operating profit above Goldman Sachs’ and market expectations. Goldman raised its earnings forecasts while lowering its outlook for camera modules.
Third-quarter revenue in 2026 rose 25% year on year, while net profit grew 175% from a low base, exceeding Goldman Sachs' forecast by 52%. Goldman Sachs raised its earnings forecasts but remains concerned about the profit potential of the robotics business and the company's valuation.
Frontier models are improving robots’ ability to adapt to new tasks, but high-precision perception, real-time control and data collection continue to constrain commercialization. Goldman Sachs believes robots’ competitive advantages will increasingly shift toward hardware-software integration, with upstream sensing and data collection potentially benefiting earlier.
Third-quarter revenue rose 19% year on year, but operating profit fell 53%. Bank of America downgraded the stock from Buy to Neutral and cut its price target from 1.25 million won to 420 thousand won: won appreciation is eroding profits from the Apple business, while a meaningful contribution from AI substrate capacity expansion is not expected until the end of 2028.
After results from Texas Instruments and Lam Research, earnings estimates rose while price-to-earnings ratios fell. Evercore sees further room for AI demand to grow, but rising inventories, peaking growth rates and declining customer cash flow are moving semiconductors into the later stages of the cycle.
Elite Material and Taiwan Union Technology reported third-quarter core operating profits 6% and 16% above Goldman Sachs’ expectations, respectively. Goldman expects product upgrades and price increases to lift both companies’ fourth-quarter gross margins to about 41%, though their capacity rollout schedules and customer project transitions differ.
The platform links computing demand, green electricity supply and electricity prices, guiding companies to adjust when they run flexible workloads. Nationwide, 6 benchmark projects are operating, while another 8 mega-projects are under construction or being planned.
Guotai Haitong Securities expects Ampire’s net profit attributable to shareholders to fall 74.1% year on year in 2026, before recovering over the following two years as new pressure sensors scale up and the force sensor business expands. The company has delivered several types of force sensors in volume, while the size of the robot market still depends on complete robot shipments.
Datacom optical modules account for a rapidly rising share of revenue. Citi expects the ramp-up of 800G and 1.6T products to raise both shipments and average selling prices, but expansion spending, customer concentration and potential restrictions on component sourcing could affect the realization of that growth.
Higher memory prices and a greater share of high-value products drove a 38% quarter-on-quarter increase in SK hynix’s third-quarter operating profit. Citi raised its earnings forecasts for the fourth quarter and the following two years, while the company announced an annual shareholder return plan of approximately 100 trillion won.
In the third quarter of 2026, Corning’s optical communications revenue rose 44% year over year, helping overall revenue and earnings exceed market expectations; solar expansion fell behind schedule, and demand in the glass business was also soft. Citi maintained its Buy rating and lowered its price target from $220 to $200.
Citi expects Coherent’s September-quarter results to be broadly in line with guidance, while the ramp in 1.6T optical modules will drive December-quarter revenue and earnings per share above market expectations. Capacity expansion, yields and competition will determine the extent of margin improvement.
Tesla, Figure AI and others are stepping up real-world data collection and model training; Zhenghai Magnetic's related orders for a globally renowned humanoid robot customer have entered an orderly mass-production phase.
ServiceNow’s contract growth guidance and Fortinet’s product growth failed to meet optimistic investors’ thresholds; eBay raised its full-year transaction volume outlook, while KLA’s revenue guidance for the quarter ending in December exceeded market consensus.
Fiscal 2026 fourth-quarter revenue and earnings both exceeded Visible Alpha consensus estimates, although some buy-side investors had expected a larger beat. Bernstein placed greater emphasis on growth in orders and backlog while lowering its earnings-per-share forecasts for fiscal 2027 and 2028.
In the third quarter of 2026, industrial robot sales rose 13% year on year and fell 10% quarter on quarter. Domestic brands’ overall share declined from 60% in the previous quarter to 56%; in the industrial automation market, OEM growth offset a contraction in the project market.
