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Wednesday, November 11, 2026

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Sea Ltd Earnings Update: Q3 2026

Sea Ltd reported Q3 2026 revenue of $8.6 billion, up 43.4% year over year, while net income rose 34.0%.

SE $48B
SixSigmaCapital: Navigating the Financial Markets 3 clicks

From X

@aleabitoreddit 2 clicks

Serenity on X

$AAOI earnings: - $1B-$1.5B LTA disclosed with a hyperscaler customer - 2nd LTA coming soon, worth 5x+ more (implying $5B-$7.5B), in its final stages. This LTA explicitly includes lasers, very material for AOI that they're moving to supplying merchant lasers. - "The demand is exceptional, unprecedented. I do not know what kind of superlatives to use to describe the amount of demand that we are seeing out there in the industry" Yeah this commentary doesn't sound like any optical demand would slowed down if it's "exceptional + unprecedented" - Rejected hyperscaler slowdowns from political changes with little effect. - AOI Can only meet 80% of demand, in case there's a kind of reduction, the demand would be bigger than AOI future capacity - Moving toward other financing methods than ATMs (thank god), US bank loans similar to what $NBIS is doing, I'd argue is positive, given FCF coming in later. - Delay in meeting capacity projections into H1 2027. $471m/month targets pushed back into H2 2027, due to electrical procurement and construction logistics, which existed before Texas governor changed. This part is negative part of the earnings call. To qualify this, I don't quite think hyperscalers would sign a $5-$7.5B LTA if they didn't think AOI couldn't deliver. - Near term Q4 guidance cut was DSP availability. AOI revised near term projections down slightly to $385M and $420M in revenue. Said DSP supply would ease early 2027 and that they're qualifying more suppliers. - Gave hiked H2 2027 capacity projections from their expansion, near term revision downward. - 4 to 5 ongoing UHP laser eval/quals for CPO UHP laser segment alone would far outweigh their $3.8B MC, especially if you're executing on multi billion dollar contracts with 60%+ gross margin laseres. TLDR: - Long term visibility improved a lot, with est. $6-$9B cumulative LTA contracts coming soon. - Shift toward supplying CPO lasers merchant is fundamentally material vs. just transceivers, and what I wanted to hear - Capacity guidance hiked into H2 2027, near term delays from electrical/DSP related procurement + installation. I still think we're reached peak fear levels, but wouldn't dismiss disappointing short term procurement delays + Q4 DSP bottlenecks. AOI likely signing an additional +$5-$7.5B in likely hyperscaler LTAs and entering merchant UHP CPO market dominanted by $LITE + $COHR. Factored in with the valuation drop has made medium-long term opportunities very compelling.
@Mr_Neutral_Man 2 clicks

Mr Neutral Man aka "Howard Marks of REITs” on X

This is the main reason why we own 3 to 4 times as much of $CPT vs $MAA and $NXRT Blended leases up 1.0% in Q3 with new lease down 2% YOY vs new leases down 6% for MAA and down 4.5% for NXRT The renewal - new lease is too high for MAA for my liking. Much healthier for Camden Same store NOI -0.2% in Q3 vs -1.8% for MAA and -8.2% for NXRT (large chunky expenses that is not run rate for NXRT) @jayparsons

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Research update

S&P Global research will assess Platts, Kensho and ratings growth; Benefit Systems’ 72% YTD rally changed its valuation, while Netflix and…

ICE $96B
Global Outperformers 3 clicks

The AutoNation Story

AutoNation shed rentals and megastores, focused on dealerships, and retired 91.1% of its shares through buybacks after its 1990s roll-up…

AN $5.9B
Cannibal Stocks 2 clicks

No title

SpaceX’s $24 billion Starbase power plant, Microsoft’s Oracle capacity cuts, Riot’s $72 billion AI lease and Quanta’s sell-off frame…

PWR $77BRIOT $6.6B
Monte Independent Investment Research 3 clicks
OSW · short

One Spa World

OneSpaWorld (OSW) faces about 37% downside as its valuation requires unattainable growth in average revenue per customer after major-market…

OSW $3.1B
Value Investors Club

Insider activity October 2026

Asian insider buying reached $2.9 billion in October, the highest since 2018, with South Korea and Thailand leading.

BKRKY $23B
Asian Century Stocks 2 clicks

Quick Value #337 - Dana Inc (DAN)

Dana is combining with Eaton’s Mobility unit via a 1Q27 Reverse Morris Trust after selling a division, delevering and accelerating buybacks.

DAN $2.1B
Value Don't Lie 3 clicks

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