Oil and Gas Storage and Transportation

NextDecade

Disney

Conference Minutes

SBDS

01913

CVAC

The following are the minutes of the 4Q25FY earnings call for $Disney(DIS.US) compiled by Dolphin Research. For a review of the earnings report, please refer to the article &#34;Disney: Short-term Pressure but Guidance Unchanged, Can Iger Turn the Tide Before Leaving?&#34;1. Review of Core Financial Information1. DTC Net User Growth Rebounds Beyond Expectations: Streaming user growth continued to rebound in the fourth quarter, with Disney+ adding 4 million net new users (bundled packages) and Hulu adding 8.6 million (driven by the resumption of the Charter partnership and global brand expansion), both exceeding market expectations. The growth was mainly driven by high-quality content...

Ashland

Solo Brands

Dayforce

PRADA

Citigroup

CureVac BV

PAR Tech

Dominion Energy

Ameriprise Financial

Disney (Minutes): Committed to double-digit percentage growth in earnings next year

应用材料AMAT

SOXS

SOXL

SOXX

CP00062

AMAT

WEST

NVDA

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

The following are the minutes of the AMAT FY2025 Q4 earnings call organized by Dolphin Research. For an interpretation of the earnings report, please refer to the article titled 'Storage is 'Red Hot', Can Applied Materials (AMAT) Benefit?' 1. $Applied Materials(AMAT.US) Key Financial Data Review Revenue: FY2025 revenue grew by 4% to $28.4 billion; Q4 revenue exceeded the midpoint of expectations. Revenue by business segment: Semiconductor Systems revenue grew by 4%. Applied Global Services (AGS) revenue grew by 3% to $6.4 billion...

PlayAGS

Direxion Semicon Bear 3X

Direxion Semicon Bull 3X

iShares Semiconductor ETF

Semiconductor

Applied Materials

Micron Tech

Westrock Coffee

NVIDIA

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Applied Materials AMAT (Minutes): Stable in the first half of next year, growth concentrated in the second half.

SMIC

00981

600810

ASML

688981

HSMD

The following are the minutes of SMIC's Q3 2025 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;SMIC: Not focusing on short-term results, is AI 'domestic chips' the true belief?&#34; 1. Review of SMIC's (00981.HK) key financial information 1. The company achieved sales revenue of USD 2.382 billion in the third quarter of 2025, a quarter-on-quarter increase of 7.8%, with a gross margin of 22%, up 1.6 percentage points from the previous quarter; operating profit was USD 351 million, and EBITDA was USD 1.43 billion...

VanEck HIP Sustainable Muni ETF

SMIC HK SDR 5to1

SMIC (Minutes): Storage price increase, terminal manufacturers are becoming more conservative in their plans for next year.

UNIT

RISE

BACK

COST

GROW

SMIC 3Q25 Quick Interpretation: The company's revenue and gross margin for this quarter exceeded guidance expectations. The revenue growth was driven by an increase in both wafer shipments and average selling price, with the proportion of 12-inch wafers rising, which contributed to the average price. The increase in average price this quarter was greater than the increase in unit cost, leading to a rise in gross margin. Although the gross margin improved significantly this quarter, the company's guidance for the next quarter remains quite flat. The company expects revenue to grow by 0-2% quarter-on-quarter, which is below market expectations (2.7% quarter-on-quarter growth); the company's gross margin guidance for the next quarter remains in the 18-20% range, relatively conservative, but it also suggests that the company may face pressure from increased unit costs next quarter. Looking at specific business segments: The company's customers are mainly concentrated in China, with domestic revenue accounting for 86%. Among various downstream markets, demand for consumer electronics, industrial and automotive, and smart home has picked up, while the proportion of mobile phone business has fallen back to around 20%. The company's capital expenditure for this quarter reached $2.39 billion, setting a new quarterly high. The company previously revealed that the full-year capital expenditure for 2025 will be flat compared to 2024, suggesting that fourth-quarter capital expenditure will be $1.64 billion. Since the fourth quarter often has a significant capital expenditure performance throughout the year, Dolphin Research expects the company's full-year capital expenditure to exceed last year's $7.33 billion. Overall, although the traditional semiconductor industry has not truly recovered, SMIC still maintains a high level of capital expenditure and expansion pace. Although the company's gross margin is only around 20%, lower than peers like UMC and GlobalFoundries, the company enjoys a higher valuation level, mainly due to the long-term belief in the company's continuous growth and process breakthroughs. In the current situation, as long as the company continues to maintain high capital investment and steady expansion, short-term performance disturbances will not affect investors' &#34;long-term confidence.&#34; Whenever technological friction, geopolitical risks, and other factors escalate, the value of the company and the local supply chain will further manifest. For more information, please follow Dolphin Research's subsequent commentary and management communication minutes. $SMIC(00981.HK) $SMIC(688981.SH)

United Microelectronics

Uniti

Rise Oil & Gas, Inc.

Imac

Costain Group PLC

Costco Wholesale

U.S. Global Investors

Qualcomm

QCOM

GOOG

GOOGL

01810

300024

INTC

AAPL

BMWYY

02015

09866

09868

TSLA

SSNGY

81810

HXXD

XIACY

04335

XPEV

The following are the minutes of Qualcomm's Q4 FY2025 earnings call organized by Dolphin Research. For an interpretation of the earnings report, please refer to &#34;Qualcomm: Shedding the 'Mobile Stock' Label, Is AI Computing Power the 'New Hope'?&#34; 1. $Qualcomm(QCOM.US) Key Financial Information Review 1. Cash Flow and Shareholder Returns: Generated a record $12.8 billion in free cash flow and returned nearly 100% to shareholders through buybacks and dividends. 2. Q1 FY26 Performance Guidance: a. Revenue is expected to be between $11.8 billion and $12.6 billion...

Sable Offshore

Alphabet - C

Alphabet

XIAOMI-W

SIASUN

Samsara

Intel

Apple

Meta Platforms

Bayerische Motoren Werke AG

BAYERISCHE MOTOREN WERKE AG ADR EACH REPR 0.33333 SHS SPONSORED

LI AUTO-W

NIO-SW

XPENG-W

Tesla

Samsung Electronics 

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

INTEL-T

Li Auto

NIO Inc. USD OV

XPeng

Qualcomm (Minutes): Details and performance metrics of AI chips will be announced early next year.

SIRI

603020

AAPB

AAPD

AAPU

AAPX

AAPY

APLY

The following are the minutes of Apple's FY2025 Q4 earnings call organized by Dolphin Research. For earnings interpretation, please refer to &#34;Apple: iPhone Holds the Center Stage, When Will AI Reveal Its True Form?&#34; 1. Review of $Apple(AAPL.US) Earnings Core Information 1. Cash Situation: Net cash at the end of the quarter was $34 billion. 2. Shareholder Returns: This quarter, $24 billion was returned to shareholders (including $20 billion in stock buybacks and $3.9 billion in dividends). 3. Quarterly Guidance: a. Total revenue is expected to grow by 10% to 12% year-over-year...

Sirius XM

Apple Group

Macerich

Pros

Paymentus

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

AppLovin

C3.AI

Barrick Mining

Grupo Televisa

Apple (Minutes): Increase AI investment, launch new version of Siri next year

New Oriental

09901

01797

HIGH

300959

The following is a summary compiled by Dolphin Research regarding the FY26 Q1 earnings call minutes of $New Oriental EDU &amp; Tech(EDU.US). For an interpretation of the financial report, please refer to &#34;Guidance Stabilized, Returns Maximized, Can New Oriental's Faith Be Restored?&#34; 1. Review of Core Financial Data 1. Overall Revenue and Profit Net Income: Increased by 6.1% year-on-year. Operating Revenue: Reached $310.8 million, up 6% year-on-year. Non-GAAP Operating Revenue (excluding share-based compensation expenses and amortization of intangible assets from business acquisitions): Reached $335.5 million, up 11.3% year-on-year. Net Profit Attributable: $240.7 million...

NEW ORIENTAL-S

EAST BUY

New Oriental EDU & Tech

Simplify Enhanced Income ETF

ONLINE OFFLINE

New Oriental (Minutes): Continue High Dividends and High Buybacks Next Year

NextDecade released FY2025 9 Months earnings on October 30 Post-Market (EST), actual revenue USD 0, actual EPS USD -0.9912

NextDecade released FY2025 Q3 earnings on October 30 (EST), actual revenue USD 0 (forecast USD 0), actual EPS USD -0.42 (forecast USD -0.575)

NextDecade Corporation Reaches Final Investment Decisions for Lines 4 and 5 and Signs Long-Term LNG Agreements

Jason Gabelman Maintains Hold Rating on NextDecade

NextDecade Makes Final Investment Decision for Rio Grande LNG Project

HanHua Aerospace & Aviation Co., Ltd Acquires NextDecade Corporation Common Stock

Bardin Hill Reports Acquisition of NextDecade Shares

William C. Vrattos Reports Acquisition of NextDecade Corporation Common Stock

NextDecade Corp CEO Acquires Company Shares

TD Cowen Downgrades NextDecade's Rating and Target Price

NextDecade Corporation Approves Construction of Train 4 for Rio Grande LNG Project

NextDecade Signs LNG Commercial Agreement with ConocoPhillips and Plans Future Investment

NextDecade Secures $3 Billion Investment for LNG Facility Development

NextDecade released FY2025 Q2 earnings on August 1 (EST), actual revenue USD 0 (forecast USD 0), actual EPS USD -0.2333 (forecast USD -0.29)

NextDecade released FY2025 Semi-Annual earnings on August 1, 2025 (EST), actual revenue USD 0, actual EPS USD -0.5742

NextDecade's stock price falls but analysts remain optimistic

Morgan Stanley Raises NextDecade's Target Price

TD Cowen Upgrades NextDecade Rating to Buy

NextDecade Signs EPC Contracts for LNG Project with Bechtel

NextDecade Holds Annual Shareholders Meeting to Elect Directors and Confirm Auditor