10-Q 季报仅提供 GAAP 数据
| 指标 | Q1 FY2026 | Q4 FY2025 | Q/Q | Q1 FY2025 | Y/Y |
|---|---|---|---|---|---|
| 营收 Revenue | $13,643M | $11,315M | +21% | $8,709M | +57% |
| 毛利率 Gross Margin | 56.0% | 44.7% | +11.3 ppt | 38.4% | +17.6 ppt |
| 研发费用 R&D | $1,171M | $1,047M | +12% | $888M | +32% |
| 销售及管理 SG&A | $337M | $314M | +7% | $288M | +17% |
| 折旧摊销 D&A | $2,212M | $8,352M | -74% | $2,030M | +9% |
| 股权激励 SBC | $290M | $262M | +11% | $220M | +32% |
| 营业利润 Operating Income | $6,136M | $3,654M | +68% | $2,174M | +182% |
| 利息费用 Interest Expense | $74M | $124M | -40% | $118M | -37% |
| 净利润 Net Income | $5,240M | $3,201M | +64% | $1,870M | +180% |
| 指标 | Q1 FY2026 | Q4 FY2025 | Q/Q | Q1 FY2025 | Y/Y |
|---|---|---|---|---|---|
| 每股收益 EPS | $4.60 | $2.83 | +63% | $1.67 | +175% |
| 稀释股数 Diluted Shares | 1,138M | 1,131M | +1% | 1,122M | +1% |
| 实际税率 Effective Tax Rate | 13.7% | 11.8% | +1.9 ppt | 13.2% | +0.5 ppt |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| DRAM | $10,812M | 79.2% | — | +69% |
| NAND | $2,743M | 20.1% | — | +22% |
| Other | $88M | 0.6% | — | +29% |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| CMBU | $5,284M | 38.7% | — | — |
| CDBU | $2,379M | 17.4% | — | — |
| MCBU | $4,255M | 31.2% | — | — |
| AEBU | $1,720M | 12.6% | — | — |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| Largest Customer | $0M | 0.0% | — | — |
本季度数据
| 指标 | Q1 FY2026 | Q4 FY2025 | 变化 |
|---|---|---|---|
| 暂无动态指标配置 | |||
以下观点摘自 10-Q MD&A 管理层讨论章节
"AI驱动的需求正在加速并超过行业供给。"
"数据中心AI驱动的增长加速了对存储的需求，增速超过了我们增加供给的能力。这导致了供给分配决策可能影响某些客户和终端市场，因为整体市场需求超过了行业总供给。"
"我们继续将更多DRAM产能转向HBM和高容量模组，面向数据中心和超大规模云市场。"
"CMBU营收同比增长100%，主要受AI需求驱动的云服务器市场对HBM、高容量DIMM和低功耗服务器DRAM的出货量和均价提升推动。"
| 指标 | 数值 | 备注 |
|---|---|---|
| loss_on_debt_prepayments | $130M | Q1 FY2026 recognized $130M loss on prepayment of 2028 Notes, 2029 B Notes, and 2029 Term Loan A |
| government_incentive_proceeds | $878M | Proceeds from government incentives in Q1 FY2026 (vs $65M in Q1 FY2025), primarily CHIPS Act related |
| finance_lease_obligations | $2,912M | Total finance lease obligations (current $569M + noncurrent $2,343M); additional $1.13B not yet commenced for gas supply arrangements |
| consideration_payable_to_customers | $1,640M | Estimates of consideration payable to customers including pricing adjustments and returns, up from $1,190M at Aug 2025 quarter-end |