Equity Long-Short

Mo Aziz

Capital markets veteran with 25 years across sell-side and buy-side research, investor relations, and fund management. Currently publish independent equity research (Mofferies Investment Research, via Smartkarma) spanning semiconductor memory (DRAM/NAND/HBM), foundry, semiconductor equipment and advanced packaging, gold and cross-asset strategy, financials forensics, and APAC IPOs — with a standing watchlist of 190+ companies across 41 countries. Background includes deep aviation-sector expertise (airlines, airports, OEMs, lessors, air cargo, travel/OTAs). Approach centers on identifying cyclical inflection points and mispriced risk across sectors, translated into explicit, actionable calls.

Micron Technology (MU US) FQ4-26 Results: Beat on Every Line, FQ1 Guide ~8% Above the Street

Micron (MU US) 2QFY: Record Earnings, Crowded Expectations — The Trap Is in the Whisper

Micron Technology (MU US): Looking Good Ahead of Its Q4FY26 Results on 30 Sept

Thematic (Sector/Industry)

Macau Semiconductors and semiconductor equipment / Thematic (Sector/Industry)

<ul>
<li>Consensus has memory Q3 revenue up 32% QoQ on average (median 28%), half the 61% of Q2. YoY growth still averages 342%; profit consensus rises 30% QoQ.</li>
<li>
<strong> Micron cleared the first test with flying colours:</strong> revenue 8.5% above its guide midpoint, FQ1 guided ~8% above the Street. Korean bars have slipped 4–5%; Kioxia and SanDisk guided light. </li>
<li>
<strong>The set-up favours beats.</strong> Stay long Micron and SK Hynix into the prints. The deceleration is priced; the absolute earnings are not. </li>
</ul>


Consensus has memory Q3 revenue up 32% QoQ on average (median 28%), half the 61% of Q2. YoY growth still averages 342%; profit consensus rises 30% QoQ.

 Micron cleared the first test with flying colours: revenue 8.5% above its guide midpoint, FQ1 guided ~8% above the Street. Korean bars have slipped 4–5%; Kioxia and SanDisk guided light. 

The set-up favours beats. Stay long Micron and SK Hynix into the prints. The deceleration is priced; the absolute earnings are not. 


Semiconductor Memory Earnings (3Q26): Street Expects +30% QoQ Growth — It Will Get It Easily