Oksana Koneva

Memory makers generate $727.2 billion annualized operating income and $2.8 trillion market cap, Jonah Lupton notes

Memory makers generate $727.2 billion annualized operating income and $2.8 trillion market cap, Jonah Lupton notes
Q3 earnings: $2.8 trillion market cap, $727.2 billion income

The top five memory makers have reported their Q3 earnings with a combined annualized operating income of $727.2 billion and excluding cash, a combined market cap of $2.8 trillion. They also hold a total of $280 billion in net cash. The figures were shared by Jonah Lupton, an investor and market commentator.

In previous commentary, Jonah Lupton noted that Marvell shares fell 12% on rumors it might acquire Lumentum and traded below 30 times projected 2027 earnings. Earlier, he highlighted Marvell’s updated $20 billion revenue forecast for fiscal 2028 driven by growth in connectivity. Both updates were shared amid ongoing industry focus on earnings and valuation metrics.

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