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AI chipsPackagingMemoryPhotonicsIndia📅 2026-10-29📊 Stage 4

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]
🆕 new metric
sold out to 2029
₩107.4T
Samsung Q3 operating profit (vs ₩12.2T a year ago)[22]
🆕 new metric
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
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  • 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
TSMC2026-10-28: ~$2.2-2.3T · P/E ~24.5-25x → 2026-10-29: ~$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
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. Nvidia Q2 FY27 results & CFO commentary (SEC)
  2. TSMC Q3 2026 earnings release & call
  3. AMD Q2 2026 results
  4. SK hynix 3Q26 results
  5. BIS: H200 case-by-case rule (Federal Register, Jan 15 2026)
  6. Hyperscaler capex 2026 comparison (NextMSC)
  7. BIS guidance on China-HQ entities (May 31 2026)
  8. PIB: approved semiconductor projects; ISM 2.0
  9. Mega-cap forward P/E (StockTi), late Oct 2026
  10. Grand View Research: AI accelerator market
  11. Mordor Intelligence: AI accelerators
  12. Mordor Intelligence: AI GPU chips
  13. Deloitte 2026 semiconductor outlook
  14. Previous FrontierRadar breakthroughs issue (sources listed there)
  15. Business Standard: ~$12B ISM 2.0 proposals
  16. AMD: to report fiscal Q3 2026 results on Nov 3, 2026 (Oct 6, 2026)
  17. Nature Photonics (2026): Photonic accelerators for AI across cloud and edge
  18. SDxCentral: Nvidia backs copper amid CPO push
  19. Tom's Hardware: Glass substrate roadmaps examined
  20. BrainChip H1 2026 half-yearly report (ASX Appendix 4D)
  21. Korea JoongAng Daily: SK hynix says DRAM, HBM booked through 2029 (Oct 28, 2026)
  22. Samsung Electronics Q3 2026 results (Oct 29, 2026)
  23. Reuters via Investing.com: Samsung sees AI chip shortage worsening (Oct 29, 2026)
  24. Finance in Time: SK hynix locks in over half of 2027-28 output, drops Solidigm IPO (Oct 29, 2026)

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