$STX posted a legit beat, revenue at $3.63B against $3.48B estimates, adjusted EPS $5.71 versus $5.09 expected, gross margin up nearly 1,500 bps year over year. SK Hynix came in strong too, just slightly below consensus purely because the bar got set so high on memory names into the print. Conference call read-through points to a real HBM demand and supply imbalance, not just hype, fundamentals around memory still look v strong here.
Aggregated and distilled by Two Sentence Traders. Not financial advice.