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Nikhs

Platform
Substack
PricingOnly free issuesPublishesDaily
Issues256Founded2 years agoLast Issue7 days ago
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Latest Issues

Sandisk 1QFY27: The Floor Has a Price

TL; DR

  • The operating model is changing in the right direction: Sandisk realized less price than peers, shipped more bits, and still expanded margins. That is exactly what a more contracted, supply-disciplined NAND business should be...
7 days ago
4
1

Amazon 3Q26 Earnings: The Price of 40% Growth

TL; DR

  • The operating opportunity expanded materially: AWS grew 39.3%, margins reached 38.7%, backlog rose to $578 billion, and management now believes AWS can grow above 40% in both 2027 and 2028. That implies a much larger future e...
8 days ago
3
1

ServiceNow 3Q26 Earnings: Permission to Work

TL; DR

  • The control-layer thesis is getting more concrete: enterprises may need governance before they deploy agents at scale, giving ServiceNow a chance to sell visibility, permissions and safety first and then participate in the wo...
8 days ago
4

KLA 1QFY27 Earnings: The Tax Must Rise

TL; DR

  • The near-term operating story has improved materially: revenue rose 29%, free-cash-flow conversion recovered to 83%, and December guidance points to another sharp step-up as optical supply constraints ease. What looked like s...
8 days ago
3

Alphabet’s 3Q26 Earnings: The Frontier Eats First

TL; DR

  • Cloud has arrived as a genuine second engine: revenue grew 103% to $30.7 billion, operating profit reached $11.1 billion, margins hit 36.2%, and backlog rose to $561 billion. Google is also extending its TPU architecture beyo...
8 days ago
5

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