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Company results: is the money showing up?

Big tech plans ~$720B+ of data-centre spending in 2026. Here's who is cashing in.

📊 Stage 4: proof the bets are paying off. These are company results: by the time you read them, the market already knows. Use them to confirm that the research trends on our Research page are turning into real money.

Key numbers

$96.2B
Nvidia quarterly revenue (Q2 FY27)[1]
= same as prev issue
+106% YoY
$46.7B
TSMC Q3 2026 revenue[2]
= same as prev issue
+41% YoY
₩104.6T
SK hynix Q3 revenue (+328% YoY; 80% operating margin)[21]
= same as prev issue
sold out to 2029
₩107.4T
Samsung Q3 operating profit (vs ₩12.2T a year ago)[22]
= same as prev issue
shares fell up to 6.2%
~$720B+
Big-4 cloud capex guide 2026[6]
= same as prev issue
estimate range
75.0%
Nvidia gross margin[1]
= same as prev issue
+2.6 pts YoY
₹1.64L cr
India ISM 1.0 approved investment[8]
= same as prev issue
12 projects

💸 Follow the money

Quarterly revenue, $ billions (year-ago vs latest)■ year ago■ latestNvidia (Q2 FY27)$46.7B$96.2B (+106%)TSMC (Q3 2026)$33.1B$46.7B (+41%)Nvidia Data Center$41.1B$89B (+117%)AMD Data Center (Q2 2026)$3.2B$6.7B (+109%)
AMD year-ago figure derived from reported 107% growth. [1] [2] [1] [3]
2026 capex guidance, $ billions (midpoints, approximate)Amazon$220Alphabet$200Microsoft$175Meta$137TSMC$62
Midpoints of guidance [6][2]
Profit margins, latest quarter (%)SK hynix operating80Nvidia gross75TSMC gross66.4TSMC operating58.7
[4][1][2]
How big is the AI chip market in 2026? It depends who you ask ($B)Narrow 'accelerator' (Grand View)$42.1AI accelerators (Mordor)$174.7AI GPUs (Mordor)$288.4Gen-AI chips (Deloitte)$500
Same market, four definitions. Narrow studies count only add-on accelerator cards; wide ones count every chip used for generative AI. [10] [11] [12] [13]

💵 Valuations

CompanyTickerMarket capForward P/E
NvidiaNVDA~$5.1-5.3T~24.5x
TSMCTSM / 2330.TW~$2.2-2.3T~24.5-25x
BroadcomAVGO~$1.55T~34x
Valuations, late Oct 2026 (approximate, move daily) [9]

🗓 Earnings & events calendar

Highlighted days have a confirmed date (hover/tap for detail). Estimated dates are listed below and are not confirmed by the companies.

Oct 2026
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Nov 2026
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Dec 2026
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Jan 2027
MTWTFSS12345678910111213141516171819202122232425262728293031
  • Late Nov 2026 (est.) — Nvidia Q3 FY27 results (date not yet announced)[1]
  • Jan 2027 (est.) — TSMC Q4 results vs $52.3-54.3B guide[2]
  • 2026 (ongoing) — India ISM 2.0 approvals; 4th plant to start production[8]

📈 Results history per company

CompanyMarket cap & forward P/E by issue
Nvidia2026-10-28: ~$5.1-5.3T · P/E ~24.5x → 2026-10-29: ~$5.1-5.3T · P/E ~24.5x → 2026-10-30: ~$5.1-5.3T · P/E ~24.5x
TSMC2026-10-28: ~$2.2-2.3T · P/E ~24.5-25x → 2026-10-29: ~$2.2-2.3T · P/E ~24.5-25x → 2026-10-30: ~$2.2-2.3T · P/E ~24.5-25x
Broadcom2026-10-28: ~$1.55T · P/E ~34x → 2026-10-29: ~$1.55T · P/E ~34x → 2026-10-30: ~$1.55T · P/E ~34x
Third-party valuation snapshot [9]; one entry per daily issue.

📅 Key dates

2026-11-03 AMD Q3 results (confirmed by AMD)[16]
Late Nov 2026 (est.) Nvidia Q3 FY27 results (date not yet announced)[1]
Jan 2027 (est.) TSMC Q4 results vs $52.3-54.3B guide[2]
2026 (ongoing) India ISM 2.0 approvals; 4th plant to start production[8]

📚 Sources

  1. HKU Engineering news (Oct 26, 2026)
  2. Nature Communications: DNA-SaM
  3. Microsystems & Nanoengineering paper
  4. Google blog (Oct 15, 2026)
  5. Quantinuum press release (Oct 19, 2026)
  6. IQM investor news (Oct 29, 2026)
  7. Nature news
  8. Cell paper
  9. Nature Genetics paper (Oct 1, 2026)
  10. Brain (Oxford Academic), Oct 22, 2026
  11. Neuralink update
  12. Inside BCI (Oct 9, 2026)
  13. Meta AI Research blog
  14. DeepMind blog
  15. Meta AI Research blog
  16. Nature Communications (Oct 17, 2026)
  17. Nature Energy paper
  18. HELENA project news (Oct 8, 2026)
  19. SpaceNews
  20. Rocket Lab investor update (Oct 14, 2026)
  21. Spaceflight Now (Oct 16, 2026)
  22. Nvidia Q2 FY27 results & CFO commentary (SEC)
  23. TSMC Q3 2026 earnings release & call
  24. AMD Q2 2026 results
  25. SK hynix 3Q26 results
  26. BIS: H200 case-by-case rule (Federal Register, Jan 15 2026)
  27. Hyperscaler capex 2026 comparison (NextMSC)
  28. BIS guidance on China-HQ entities (May 31 2026)
  29. PIB: approved semiconductor projects; ISM 2.0
  30. Mega-cap forward P/E (StockTi), late Oct 2026
  31. Grand View Research: AI accelerator market
  32. Mordor Intelligence: AI accelerators
  33. Mordor Intelligence: AI GPU chips
  34. Deloitte 2026 semiconductor outlook
  35. Previous FrontierRadar breakthroughs issue (sources listed there)
  36. Business Standard: ~$12B ISM 2.0 proposals
  37. AMD: to report fiscal Q3 2026 results on Nov 3, 2026 (Oct 6, 2026)
  38. Nature Photonics (2026): Photonic accelerators for AI across cloud and edge
  39. SDxCentral: Nvidia backs copper amid CPO push
  40. Tom's Hardware: Glass substrate roadmaps examined
  41. BrainChip H1 2026 half-yearly report (ASX Appendix 4D)
  42. Korea JoongAng Daily: SK hynix says DRAM, HBM booked through 2029 (Oct 28, 2026)
  43. Samsung Electronics Q3 2026 results (Oct 29, 2026)
  44. Reuters via Investing.com: Samsung sees AI chip shortage worsening (Oct 29, 2026)
  45. Finance in Time: SK hynix locks in over half of 2027-28 output, drops Solidigm IPO (Oct 29, 2026)

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