Frank Holland (Anchor) 00:00.110
results are out stocks higher by about five percent initially christina parts and nevelis has the numbers christina yeah
Christina Parthenavelos (Reporter) 00:05.710
that's because there's a substantial beat across the board for this memory maker starting with EPS in the quarter for Q one four dollars and seventy eight cents higher than the street anticipated on revenues of thirteen point six four billion so very strong beat there for Q one
Christina Parthenavelos (Reporter) 00:19.550
in regards to Q one non GAAP gross margins which is a big concern for a lot of these chip names fifty six percent the street was anticipating fifty two percent so stronger there for Q two guidance the company 's saying in their statement are Q two outlook reflects substantial
Christina Parthenavelos (Reporter) 00:33.550
records across revenue gross margins EPS and free cash flow and we anticipate our business performance to continue strengthening in fiscal twenty twenty six and here are those numbers Q two EPS guide of eight dollars and forty two cents yes i have to say double check this eight
Christina Parthenavelos (Reporter) 00:49.830
dollars and forty two cents the street was anticipating four dollars and seventy eight cents on Q two revenue guide of eighteen point seven billion also higher than the street non GAAP gross margins going up subst to sixty eight percent the company is guiding sixty eight percent
Christina Parthenavelos (Reporter) 01:05.430
versus the fifty four percent the street was anticipating and so that is why you were seeing the stock pop keep in mind there has been quite a run up in this company just over the year to date up one hundred and sixty five percent into this print so perhaps some was priced in
Christina Parthenavelos (Reporter) 01:18.270
but nonetheless quite a reaction guys