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Unity Software
Price
Discussão sobre U
Postos
35Let's move on to the next round!
New buying opportunities?
What do you guys think about:
- Unity Software $U (-2,69%)
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- Hims & Hers $HIMS (-1,38%)
Good entry points to increase positions, don't you think?
Unity Q3’25 Earnings Highlights
🔹 Revenue: $471M (Est. $452.76M) 🟢; UP +5% YoY
🔹 Adj EPS: $0.20 (Est. $0.18) 🟢
Guidance (Q4’25)
🔹 Revenue: $480–$490M (Est. $477M) 🟢
🔹 Adj. EBITDA: $110–$115M
🔹 Grow: mid-single-digit sequential revenue growth (Q3→Q4)
🔹 Create: high-single-digit YoY revenue growth (ex-non-strategic)
Q3 Segment
🔹 Create Solutions Revenue: $152M; UP +3% YoY
🔹 Grow Solutions Revenue: $318M; UP +6% YoY
Other Metrics
🔹 Adj. EBITDA: $109M; Margin 23% (vs. 21% YoY)
🔹 Operating Cash Flow: $155M
🔹 Free Cash Flow: $151M
🔹 Cash & Restricted Cash: $1.909B (as of 9/30/25); UP +$381M vs. 12/31/24
Management Commentary
🔸 “Third-quarter results once again meaningfully exceeded expectations on both revenue and Adjusted EBITDA, powered by Unity Vector AI, as well as continued strength in Create.”
Megatrend robotics, freshly updated, added value guaranteed!
After my first post on humanoid robots received a lot of positive feedback, I went into more detail. I later added my favorites in each sector.
In-depth analysis of the value chain, including shovel manufacturers and potential hidden champions
New category: Secondary Key Sectors (Sales, Marketing, Financing)
Additionally: Top 25 companies worldwide, as well as the Top 10 in Europe and the Top 10 in Asia
To help newcomers get up to speed, I’ve included a video link. This will give you an idea of just how far the development of humanoid robotics has come today.
Thank you for your attention and support 🙏
🌐 1. Humanoid Robot Value Chain (with hidden champions)
1. Research & Chip Design
$ARM (-7,99%) ARM (UK) – CPU IP, energy-efficient processors
$SNPS (-6,1%) Synopsys (US) – EDA software, chip design
$CDNS (-5,62%) Cadence (US) – EDA & Simulation
$PTC PTC (US) – Engineering software, CAD/PLM
$DSY (+1,2%) Dassault Systèmes (FR) – 3D design & digital twin
$SIE (-3,62%) Siemens (DE) – Industrial software & lifecycle management
$ADBE (+5,71%) Adobe (US) – Design, AR/UX
ANSYS (US) – Multiphysics Simulation – Acquired by Synopsys
Altair (US) – CAE, Simulation, Digital Twin – Acquired by Siemens
$HXGBY (-1,08%)
Hexagon (SE) – Measurement Technology & Simulation
$AWE Alphawave IP Group (UK) – High-speed chip IP for AI/robotics
1. Synopsis, 2. Siemens, and 3. Adobe are my top three picks in this sector
2. Manufacturing Technology & Equipment
$ASML (-6,8%) ASML (NL) – Lithography (EUV)
$AMAT (-5,67%) Applied Materials (US) – Semiconductor Equipment
$8035 (-9,6%) Tokyo Electron (JP) – Wafer manufacturing
$KEYS (-8,61%) Keysight Technologies (US) – Measurement Technology
$6857 (-7,36%) Advantest (JP) – Chip Test Systems
$TER (-11,83%) Teradyne (US) – Test systems + cobots
$6954 (-3,57%) Fanuc (JP) – Industrial robots, CNC
$CAT (-4,9%) Caterpillar (US) – Autonomous Machinery
$KU2G KUKA (DE) – Industrial Robots
Comau (IT) – Automation – Not publicly traded
$ROK Rockwell Automation (US) – Industrial automation
$JBL (-5,36%) Jabil (US) – Contract Manufacturing (EMS/ODM)
$KIT (-10,14%) Kitron (NO) – European EMS/ODM manufacturer
$AIXA (-9,35%) Aixtron (DE) – Deposition systems for compound semiconductors
$LRCX (-7,37%)
Lam Research (US) – Etching/deposition systems
$MKSI (-9,11%)
MKS Instruments (US) – Plasma/vacuum technology
$ASM (-7,2%)
ASM International (NL) – Deposition systems
1. ASML, 2. Keysight Technologies, 3. Fanuc are my top 3 in this sector
3. Chip Manufacturing (Foundries)
$TSM (-4,61%) TSMC (TW) – leading foundry
$SMSN Samsung Electronics (KR) – foundry + memory
$GFS (-9,34%) GlobalFoundries (US) – specialty chips
$INTC (-8,67%)
Intel Foundry Services (US) – new Western foundry player
$981
SMIC (CN) – Largest Chinese foundry
$UMC
UMC (TW) – Power, RF, and embedded chips
1. TSMC, 2. Intel, 3. Samsung Electronics are my top 3 in this sector
4. Computing & control unit (“brain”)
$NVDA (-4,41%) Nvidia (US) – GPUs, AI chips
$INTC (-8,67%) Intel (US) – CPUs, FPGAs
$AMD (-8,32%) AMD (US) – CPUs, GPUs
$MRVL (-9,54%) Marvell (US) – network chips
$MU (-6,95%) Micron (US) – Memory
$DELL (-7,75%) Dell Technologies (US) – Edge & Infrastructure
Graphcore (UK) – AI chips (IPU) – not a publicly traded company
Cerebras (US) – Wafer-Scale Engine – not a publicly traded company
SiPearl (FR) – European HPC chip – not a publicly traded company
1. Nvidia, 2. Marvell, 3. Micron are my top 3 in this sector
5. Sensors (“Senses”)
$6758 (+4,38%) Sony (JP) – Image sensors
$6861 (-0,18%) Keyence (JP) – industrial sensors
$STM (-8,22%) STMicroelectronics (FR/IT) – Sensors, MCUs
$TDY Teledyne (US) – optical/infrared sensors
$CGNX (-5,82%) Cognex (US) – Machine Vision
$HON (+1,81%) Honeywell (US) – Sensors, Security
ANYbotics (CH) – Autonomous sensor fusion – not a publicly traded company
$AMBA (-4,51%) Ambarella (US) – Video & computer vision SoCs for real-time image recognition
$OUST
Velodyne Lidar (US) – Lidar sensors – acquired by Ouster
$AMS (-7,06%)
OSRAM (AT/DE) – optical sensors
1. Teledyne, 2. Keyence, 3. Ouster are my top 3 in this sector
6. Actuators & Power Electronics (“Muscles”)
$IFX (-6,56%) Infineon (DE) – Power Electronics
$ON (-6,56%) onsemi (US) – Power & Sensors
$TXN (-1,52%) Texas Instruments (US) – mixed-signal chips
$ADI (-5,55%) Analog Devices (US) – Signal Processing
$PH Parker-Hannifin (US) – Hydraulics/Pneumatics
$MP (-3,12%) MP Materials (US) – Magnets
$APH (-7,36%) Amphenol (US) – Connectors
$6481 (-4,71%) THK (JP) – Linear guides & actuators
$6324 (-9,41%)
Harmonic Drive (JP) – Precision gearboxes & servo drives for robotics
$6594 (-2,14%)
Nidec (JP) – Electric motors
$6506 (-4,21%)
Yaskawa (JP) – Drives & Robotics
$SU (-5,36%)
Schneider Electric (FR) – Energy & Control Solutions
$ZIL2 (+1,97%)
ElringKlinger (DE) – Battery & Fuel Cell Technology, Lightweight Construction
1. Parker-Hannifin, 2. MP Materials, 3. Infineon are my top 3 in this sector
7. Communications & Networking (“Nerves”)
$QCOM (-2,71%) Qualcomm (US) – Mobile Communications, Edge AI
$ANET (-7,81%) Arista Networks (US) – Networks
$CSCO (-1,89%) Cisco (US) – Networks, Security
$EQIX (-4,32%) Equinix (US) – Data centers
NTT Docomo (JP) – 5G/6G carrier – not a publicly traded company
$VZ Verizon (US) – Telecommunications
$SFTBY SoftBank (JP) – Carrier + Robotics
$ERIC B (-0,93%)
Ericsson (SE) – 5G/IoT infrastructure
$NOKIA (-12,09%)
Nokia (FI) – 5G/6G for Industry
$HPE (-5,26%)
Juniper Networks (US) – Networking – Acquired by HP
1. Arista Networks, 2. SoftBank, 3. Cisco are my top 3 in this sector
8. Energy
$3750 (-7,01%) CATL (CN) – Batteries
$6752 (-5,48%) Panasonic (JP) – Batteries
$373220 LG Energy (KR) – Batteries
$ALB (-2,04%) Albemarle (US) – Lithium
$LYC (-4,63%) Lynas (AU) – Rare Earths
$UMICY (-4,74%) Umicore (BE) – Recycling
WiTricity (US) – Inductive charging – not a publicly traded company
$ABBN (-3,32%) Charging (CH) – Charging infrastructure
$SLDP
Solid Power (US) – Solid-state batteries
Northvolt (SE) – European batteries – not a publicly traded company
$PLUG
Plug Power (US) – Fuel cells
$KULR (-9,49%)
KULR Technology (US) – Thermal management & battery safety for mobile systems
1. Albemarle, 2. CATL, 3. Panasonic are my top 3 in this sector
9. Cloud & Infrastructure
$AMZN (-4,39%) Amazon AWS (US) – Cloud, AI
$MSFT (-1,94%) Microsoft Azure (US) – Cloud, AI
$GOOG (-2,93%) Alphabet Google Cloud (US) – Cloud, ML
$VRT
Vertiv Holdings (US) – Data Center Infrastructure (UPS, Cooling, Edge)
$ORCL (-3,21%)
Oracle Cloud (US) – ERP + Cloud
$IBM (-2,92%)
IBM Cloud (US) – Hybrid Cloud + AI
$OVH (-15,83%)
OVHcloud (FR) – European Cloud
1. Alphabet, 2. Microsoft, 3. Oracle are my top 3 in this sector
10. Software & Data Platforms
$PLTR (-2,49%) Palantir (US) – Data Integration
$DDOG (-6,13%) Datadog (US) – Monitoring
$SNOW (-3,47%) Snowflake (US) – Data cloud
$ORCL (-3,21%) Oracle (US) – Databases, ERP
$SAP (+0,69%) SAP (Germany) – ERP systems
$SPGI S&P Global (US) – Financial/Market Data
ROS2 Foundation – Robotics Middleware – Not publicly traded
$NVDA (-4,41%) NVIDIA Isaac (US) – Robotics development – part of NVIDIA
$INOD (-2,56%) Innodata (US) – Data annotation & AI training data
$PATH (+1,15%)
UiPath (RO/US) – Robotic Process Automation
$AI (+1,44%)
C3.ai (US) – AI platform
$ESTC (-0,11%)
(NL/US) – Search & Data Analytics
1. S&P Global, 2. Palantir, 3. Datadog are my top 3 in this sector
11. End-user applications / Robots
$ABBN (-3,32%) ABB (CH/SE) – Industrial robots
$6954 (-3,57%) Fanuc (JP) – Industrial Robots
$TSLA (-3,55%) Tesla Optimus (US) – humanoid robot
$9618 (-0,5%) JD.com (CN) – Logistics robots
$AAPL (+1,43%) Apple (US) – Platform & UX
$700 (-1,22%) Tencent (CN) – Platform & AI
$9988 (-3,72%) Alibaba (CN) – Logistics & Platform
PAL Robotics (ES) – humanoid robots - not a publicly traded company
Neura Robotics (DE) – cognitive humanoid robots - not a publicly traded company
$TER (-11,83%) Universal Robots (DK) – cobots - part of Teradyne Corporation
Engineered Arts (UK) – humanoid robots – not a publicly traded company
$ISRG (+3,58%) Intuitive Surgical (US) – surgical robotics
$GMED (+3,93%)
Globus Medical (US) – surgical robotics (ExcelsiusGPS platform)
$7012 (-3,05%) Kawasaki Heavy Industries (JP) – industrial robots, automation
$CPNG (+1,07%) Coupang (KR) – logistics end-users
$IRBT
iRobot (US) – consumer robotics (e.g., Roomba); not humanoid, but features navigation and sensor fusion
Boston Dynamics (US) – humanoid & mobile robots—not a publicly traded company
Hanson Robotics (HK) – humanoid robots (Sophia)—not a publicly traded company
Agility Robotics (US) – “Digit” humanoid robot—not a publicly traded company
1. Apple, 2. Tencent, 3. Alibaba are my top 3 in this sector
🛠 2. Cross-sector enablers (shovel manufacturers) – featuring hidden champions
Raw Materials & Battery Materials
Albemarle · Lynas · Umicore
$SQM
SQM (CL) – Lithium
$ILU (-2,9%)
Iluka Resources (AU) – Rare Earths
$ARR (-0,71%)
American Rare Earths (US/AU) – New supply chains
My top pick in the sector is Albemarle
Manufacturing Technology
ASML · Applied Materials · Tokyo Electron
$LRCX (-7,37%)
Lam Research (US) – Plasma/etching processes
$ASM (-7,2%)
ASM International (NL) – ALD equipment
$MKSI (-9,11%)
MKS Instruments (US) – Plasma/vacuum technology
My top pick in the sector is ASML
Quality Assurance
Keysight · Advantest · Teradyne
$EMR (-1,58%)
National Instruments (US) – Measurement technology – from Emerson Electric Acquired
$300567
ATE Test Systems (CN) – Test systems
$FORM (-15,59%)
FormFactor (US) – Wafer probing
My number one in the sector is Keysight
Motion & Drive
Parker-Hannifin
Festo (Germany) – Pneumatics, Soft Robotics - not a publicly traded company
Bosch Rexroth (DE) – Drives, Controls - not a publicly traded company
$6481 (-4,71%)
THK (JP) – Linear guides
My top choice in the sector is Parker-Hannifin
Sensors/Imaging
$TDY Teledyne
$BSL (-3,48%) Basler (DE) – Industrial cameras
FLIR (US) – Thermal imaging sensors – Acquired by Teledyne
ISRA Vision (DE) – Machine vision – not a publicly traded company
My top pick in the sector is Teledyne
Magnets & Materials
MP Materials
$6501 (-0,08%)
Hitachi Metals (JP) – Magnetic Materials
VacuumSchmelze (DE) – Magnetic materials – not a publicly traded company
$4063 (-0,7%)
Shin-Etsu Chemical (JP) – Specialty materials
My top pick in the sector is MP Materials
Chip Design & Simulation
Synopsys · Cadence · ARM
$SIE (-3,62%)
Siemens EDA (DE/US)– Mentor Graphics—a strategic business unit of Siemens AG
Imagination Tech (UK) – GPU IP – not a publicly traded company
$CEVA (-5,28%)
CEVA (IL) – Signal processor IP
My top pick in the sector is Synopsys
Engineering & Lifecycle
PTC · Dassault · Siemens
Altair (US) – Simulation – no longer a publicly traded company
$HXGBY (-1,08%)
Hexagon (SE) – Measurement Technology
$SNPS (-6,1%)
ANSYS (US) – Simulation – Acquired by Synopsys
My top pick in the sector is Siemens
Networks & Data Centers
Arista · Cisco · Equinix
$HPE (-5,26%)
Juniper (US) – Networks – Acquisition by HPE
$DTE (+2,59%)
T-Systems (DE) – Industrial Cloud
$OVH (-15,83%)
OVHcloud (FR) – European cloud
My top pick in the sector is Arista
Cloud Infrastructure
AWS · Azure · Google Cloud
$ORCL (-3,21%)
Oracle Cloud (US) – ERP & Databases
$IBM (-2,92%)
IBM Cloud (US) – Hybrid Cloud
$9988 (-3,72%)
Alibaba Cloud (CN) – Asian cloud
$VRT
Vertiv Holdings (US) – Cloud/Infrastructure
My top pick in the sector is Alphabet (Google)
Financial/Information Infrastructure
S&P Global
$MCO (+0,81%)
Moody’s (US) – Ratings
$MSCI (+2,77%)
MSCI (US) – Indices
$MORN
Morningstar (US) – Investment Research
My top pick in the sector is S&P Global
Creative/Experience Infrastructure
Adobe
$ADSK (+4,03%)
Autodesk (US) – CAD & Design
$U (-2,69%)
Unity (US) – 3D/AR Simulation
Epic Games (US) – Unreal Engine – not a publicly traded company
My top pick in the sector is Adobe
Platform & Ecosystem
Apple · Tencent · Alibaba
$META (-11,37%)
Meta (US) – AR/VR, Social Robotics
ByteDance (CN) – AI & Platforms – not a publicly traded company
$9888 (-0,46%)
Baidu (CN) – AI & Cloud
My top pick in the sector is Tencent
Infrastructure/Edge
Dell
$HPE (-5,26%)
HPE (US) – Edge Computing
$SMCI
Supermicro (US) – AI Servers
$6702 (+3,85%)
Fujitsu (JP) – Edge & HPC
My top pick in this sector is Dell
Storage Solutions
Micron
$HY9H
SK Hynix (KR) – Memory
$285A (-8,73%)
Kioxia (JP) – NAND
$WDC (-13,87%)
Western Digital (US) – Storage solutions
My top pick in the sector is Micron
🏛 3. Secondary Key Sectors with Hidden Champions
Financing & Capital
$GS (-1,42%) Goldman Sachs (US) – Investment bank; ECM/DCM, M&A, growth financing
$MS Morgan Stanley (US) – Investment bank; tech banking, capital markets
$BLK (-1,56%) BlackRock (US) – Asset manager; capital allocation, ETFs/index funds
$9984 (-8,81%) SoftBank Vision Fund (JP) – Mega-VC; growth equity in robotics/AI
Sequoia Capital (US) – Venture capital; early-stage/growth in AI/robotics – This is a classic venture capital fund
DARPA (US) – government R&D funding (robotics/defense) – independent research and development agency
EU Horizon (EU) – research funding/grants for DeepTech – Innovative Europe pillar
China State Funds (CN) – Government Industry/Technology Funds
Lux Capital (US) – VC for DeepTech - Uptake (US) – AI-based predictive maintenance
DCVC (US) – Focus on robotics and AI – Invests exclusively through VC fund investments
Speedinvest (AT) – EU VC for robotics – Investment is only available through fund participations
My number one in the sector is SoftBank
Maintenance & Service
$SIE (-3,62%) Siemens (DE) – Industrial Services, Lifecycle & Retrofit
$ABBN (-3,32%) ABB (CH/SE) – Robotics services, spare parts, field support
$GEHC (+3,99%) GE Healthcare (US) – Medtech services, including robotic systems
Uptake (US) – AI-based predictive maintenance – not a publicly traded company
Augury (US/IL) – Condition monitoring, condition diagnostics – not a publicly traded company
$KU2 KUKA Service (DE) – Robotics maintenance
$6954 (-3,57%) Fanuc Service (JP) – Global service network
Boston Dynamics AI Institute (US) – Robotics Longevity – funded by Hyundai Motor Group
My top pick in the sector is Siemens
Marketing & Advertising
$WPP (+1,17%) WPP (UK) – global advertising group; branding/communications
$OMC Omnicom (US) – marketing/PR network
$PUB (+0,99%) Publicis (FR) – communications/advertising group
$META (-11,37%) Meta (US) – digital ads (Facebook/Instagram)
$GOOG (-2,93%) Google Ads (US) – Search & Display Advertising
TikTok / ByteDance (CN) – Social Ads & Distribution - not a publicly traded company
$AAPL (+1,43%) Apple (US) – branding/UX; adoption & platform marketing
$WPP (+1,17%)
AKQA (UK/US) – Tech branding – Since 2012, majority-owned by the WPP Group, but continues to operate as autonomous operating unit
R/GA (US) – Innovation Marketing – not a publicly traded company
Serviceplan (DE) – Largest independent EU agency – not a publicly traded company
My number one in the sector is Meta
Law, Regulation & Ethics
ISO (CH) – international standards, robotics standards
TÜV (DE) – certification & safety testing
UL (US) – safety/conformity testing
EU AI Act (EU) – legal framework for AI & robotics
UNESCO AI Ethics (UN) – global ethical guidelines
Fraunhofer IPA (DE) – Robotics safety standards
ANSI (US) – Standards
IEC (CH) – Electrical Engineering Standards
Education & Talent
MIT (US) – Robotics/AI Research & Education
ETH Zurich (CH) – Autonomous Systems & Robotics
Stanford (US) – AI/Robotics Labs & Spin-offs
Tsinghua University (CN) – Robotics/AI in Asia
CMU (US) – Robotics Institute
EPFL (CH) – Robotics Research
TU Munich (DE) – “Roboy” humanoid robot
🌍 Top 25 Companies in Humanoid Robotics
These companies are crucial to the development and production of humanoid robots, because without them, crucial parts of the chain would be missing:
Chips & computing power (the robots’ brains)
$NVDA (-4,41%) Nvidia (US) – AI GPUs & Isaac platform, the foundation for robotics AI
$2330 TSMC (TW) – the world’s leading foundry, produces AI chips
$ASML (-6,8%) ASML (NL) – EUV lithography, indispensable for chip manufacturing
$005930 Samsung Electronics (KR) – memory, logic, foundry
$HY9H SK Hynix (KR) – DRAM & NAND memory for AI
$MU (-6,95%) Micron (US) – memory solutions for AI workloads
My top pick in the sector is ASML
Sensors & Perception (Robots’ Senses)
$SONY Sony (JP) – Image sensors, market leader
$6861 (-0,18%) Keyence (JP) – Industrial Sensors & Vision Systems
$CGNX (-5,82%) Cognex (US) – Machine vision, precise image processing
My top pick in this sector is Keyence
Actuators & Motion (Robot Muscles)
$IFX (-6,56%) Infineon (DE) – Power Electronics, Motor Control
$6594 (-2,14%) Nidec (JP) – Global market leader in electric motors
$PH Parker-Hannifin (US) – Hydraulics/Pneumatics, Motion Control
$6481 (-4,71%) THK (JP) – Linear guides & actuators
My top pick in this sector is Parker-Hannifin
Communications, Cloud & Infrastructure (Nerves & Data Flow)
$QCOM (-2,71%) Qualcomm (US) – Mobile & edge chips
$AMZN (-4,39%) Amazon AWS (US) – Cloud & AI infrastructure
$MSFT (-1,94%) Microsoft Azure (US) – Cloud, AI services
$CSCO (-1,89%) Cisco (US) – Networks & Security
$VRT Vertiv Holdings (US) – Data Center Infrastructure
My top pick in this sector is Microsoft
End-User Applications & Platforms (Robots Themselves)
$TSLA (-3,55%) Tesla (US) – humanoid robots Optimus
$ABBN (-3,32%) ABB (CH/SE) – Robotics & Automation
$6954 (-3,57%) Fanuc (JP) – industrial robots & CNC systems
$7012 (-3,05%) Kawasaki Heavy Industries (JP) – industrial robots
PAL Robotics (ES) – humanoid robots (TALOS, ARI, TIAGo) – not a publicly traded company
Neura Robotics (DE) – cognitive humanoid robots – not a publicly traded company
Universal Robots (DK) – cobots
My top pick in the sector is Tesla
🇪🇺 Top 10 European Key Companies in Humanoid Robotics
$ASML (-6,8%)
ASML (NL)
Global market leader in EUV lithography – without ASML, there would be no modern chips for AI & robotics.
$IFX (-6,56%) Infineon (DE)
A leader in power electronics and motor control—crucial for the actuators of humanoid robots.
$STM (-8,22%)
STMicroelectronics (FR/IT)
Sensors, microcontrollers, and power chips—the foundation for control and perception.
$SAP (+0,69%)
SAP (DE)
ERP & data platforms, essential for integrating humanoid robots into industrial processes.
$SIE (-3,62%)
Siemens (DE)
Industrial software, automation, Digital Twin—key to engineering and lifecycle management.
$KU2 KUKA (DE)
Robotics pioneer, industrial robots & automation—expertise in humanoid motion mechanics.
PAL Robotics (ES) - not a publicly traded company
Specialist in humanoid robots (TALOS, ARI, TIAGo), used internationally in research and service.
Neura Robotics (DE) - not a publicly traded company
Young high-tech company developing cognitive humanoid robots with advanced AI (4NE-1).
Universal Robots (DK) - not a publicly traded company
Market leader in cobots—a platform for safe human-robot collaboration.
Engineered Arts (UK) - not a publicly traded company
Develops humanoid robots such as Ameca, known for realistic facial expressions and gestures—important for HRI (Human-Robot Interaction)
🌏 Top 10 Key Asian Companies in Humanoid Robotics
$2330
TSMC (Taiwan)
The world’s largest semiconductor foundry, producing high-end chips (e.g., Nvidia, AMD, Apple)—without TSMC, there would be no AI hardware.
$005930
Samsung Electronics (South Korea)
Foundry, memory, logic chips, image sensors—extremely broad portfolio of robotics components.
$HY9H
SK Hynix (South Korea) – Memory
$SONY
Sony (Japan)
Market leader in CMOS image sensors, essential for robotic vision and perception.
$6861 (-0,18%)
Keyence (Japan)
Sensors and machine vision for industrial automation, widely used in robotics.
$6954 (-3,57%)
Fanuc (Japan)
Industrial robots and CNC systems; one of the world’s leading manufacturers of robotics hardware.
$6506 (-4,21%)
Yaskawa Electric (Japan)
Drives, motion control, and robotic arms—relevant for humanoid motion control.
$6594 (-2,14%)
Nidec (Japan)
Global market leader in electric motors (ranging from mini motors to high-performance drives).
$7012 (-3,05%)
Kawasaki Heavy Industries (JP) – Industrial robots
$9618 (-0,5%)
JD.com (China)
A driving force in robotics for e-commerce and logistics; invests in humanoid robotics applications
Build robots, earn shovels
The hype is all about humanoid robots, but the constant winners are in the background.
I have divided the analysis into two perspectives. 1. the complete value chain of humanoid robots, which shows all the players from the chip to the finished robot, and 2. the blade manufacturers in the background, who always earn money as enablers, regardless of which manufacturer wins the race.
ASML, Applied Materials and Tokyo Electron dominate in manufacturing technology. Quality assurance comes from Keysight, Advantest and Teradyne. Chip design is supported by Synopsys, Cadence and ARM. Data streams are secured by Arista Networks, Cisco and Equinix. The computing basis is created in the cloud by Amazon, Microsoft and Alphabet. Albemarle, Lynas and Umicore play a central role in raw materials and battery materials. These companies monetize their customers' investment waves, have high barriers to entry, service revenues and pricing power, but remain cyclical with risks from export rules, capex cuts and currency movements.
🌐 Value chain of humanoid robots Sector overview
1. research & chip design (IP / EDA)
$ARM (-7,99%)
ARM Holdings (ARM, UK/USA) - CPU architectures
$SNPS (-6,1%)
Synopsys (SNPS, USA) - Chip design software
$CDNS (-5,62%)
Cadence Design Systems (CDNS, USA) - EDA & Simulation
2. manufacturing technology & equipment
$ASML (-6,8%)
ASML (ASML, NL) - EUV lithography, key monopoly
$AMAT (-5,67%)
Applied Materials (AMAT, USA) - Process equipment
$8035 (-9,6%)
Tokyo Electron (8035.T, JP) - Wafer equipment
$KEYS (-8,61%)
Keysight Technologies (KEYS, USA) - Test & RF measurement technology
$6857 (-7,36%)
Advantest (6857.T, JP) - Semiconductor test systems
$TER (-11,83%)
Teradyne (TER, USA) - Test systems + robotics (Universal Robots)
3. chip production (Foundries)
$TSM (-4,61%)
TSMC (TSM, TW) - Largest contract manufacturer
$005930
Samsung Electronics (005930.KQ, KR) - Memory + Foundry
$GFS (-9,34%)
GlobalFoundries (GFS, USA) - Specialized production
4. computing & control unit ("brain")
$NVDA (-4,41%)
Nvidia (NVDA, USA) - GPUs, AI accelerators
$INTC (-8,67%)
Intel (INTC, USA) - CPUs, FPGAs
$AMD (-8,32%)
AMD (AMD, USA) - CPUs/GPUs
$MRVL (-9,54%)
Marvell Technology (MRVL, USA) - Network/data center chips
5. sensors ("senses")
$6758 (+4,38%)
Sony (6758.T, JP) - CMOS image sensors
$6861 (-0,18%)
Keyence (6861.T, JP) - Vision systems, sensors
$STM (-8,22%)
STMicroelectronics (STM, CH/FR) - MEMS sensors
6. actuators & power electronics ("muscles")
$IFX (-6,56%)
Infineon (IFX, DE) - Power semiconductors, SiC
$ON (-6,56%)
N Semiconductor (ON, USA) - SiC/Power Chips
$STM (-8,22%)
STMicroelectronics (STM, CH/FR) - Motor control & power
$TXN (-1,52%)
Texas Instruments (TXN, USA) - Motor control, power ICs
$ADI (-5,55%)
Analog Devices (ADI, USA) - Energy & BMS chips
7. communication & networking ("nerves")
$QCOM (-2,71%)
Qualcomm (QCOM, USA) - 5G/SoCs
$AVGO (-3,58%)
Broadcom (AVGO, USA) - Network & radio chips
$SWKS (+0,34%)
Skyworks Solutions (SWKS, USA) - RF components
8. energy supply
$300750
CATL (300750.SZ, CN) - Batteries
$6752 (-5,48%)
Panasonic (6752.T, JP) - Batteries for automotive/robotics
$373220
LG Energy Solution (373220.KQ, KR) - Batteries
9. cloud & infrastructure
$AMZN (-4,39%)
Amazon (AMZN, USA) - AWS
$MSFT (-1,94%)
Microsoft (MSFT, USA) - Azure
$GOOG (-2,93%)
Alphabet (GOOGL, USA) - Google Cloud
$EQIX (-4,32%)
Equinix (EQIX, USA) - Data center operator
$ANET (-7,81%)
Arista Networks (ANET, USA) - Network infrastructure
$CSCO (-1,89%)
Cisco Systems (CSCO, USA) - Edge & Data Center Networks
10. software & data platforms
$PLTR (-2,49%)
Palantir (PLTR, USA) - Data integration, decision software
$DDOG (-6,13%)
Datadog (DDOG, USA) - Cloud monitoring / observability
$SNOW (-3,47%)
Snowflake (SNOW, USA) - Cloud-native data platform
$ORCL (-3,21%)
Oracle (ORCL, USA) - Databases, ERP
$SAP (+0,69%)
SAP (SAP, DE) - ERP/cloud systems
$PATH (+1,15%)
UiPath (PATH, USA) - Automation software (RPA)
$AI (+1,44%)
C3.ai (AI, USA) - Enterprise AI platform
11. end applications / robots
$ABB
ABB (ABB, CH) - Industrial robots
$6954 (-3,57%)
Fanuc (6954.T, JP) - Industrial robots, CNC
$TSLA (-3,55%)
Tesla (TSLA, USA) - Optimus" humanoid robot
$9618 (-0,5%)
JD.com (JD, CN) - E-commerce & automated logistics
🛠️ Shovel manufacturer for humanoid robots
🔹 Hardtech (physical "shovels")
These companies provide the material basis: manufacturing machines, raw materials, semiconductor base.
Semiconductor Equipment & Manufacturing
$ASML (-6,8%)
ASML (ASML, NL) - EUV lithography (monopoly).
$AMAT (-5,67%)
Applied Materials (AMAT, USA) - Wafer equipment.
$8035 (-9,6%)
Tokyo Electron (8035.T, JP) - Process equipment.
Test systems (hardware-side)
$6857 (-7,36%)
Advantest (6857.T, JP) - Semiconductor test.
$TER (-11,83%)
Teradyne (TER, USA) - Test systems + industrial robots.
Materials & raw materials
$ALB (-2,04%)
Albemarle (ALB, USA) - Lithium (batteries).
$LYC (-4,63%)
Lynas Rare Earths (LYC.AX, AUS) - Rare earths for magnets.
$UMICY (-4,74%)
Umicore (UMI.BR, BE) - Cathode materials, recycling.
🔹 Soft/infra (digital "shovels")
These companies supply the infrastructure & toolswithout which development, training and operation would be impossible.
Design Software & IP
$SNPS (-6,1%)
Synopsys (SNPS, USA) - EDA software.
$CDNS (-5,62%)
Cadence Design Systems (CDNS, USA) - Chip design & simulation.
$ARM (-7,99%)
ARM Holdings (ARM, UK/USA) - CPU architectures (license model).
Test & Measurement (software/signal level)
$KEYS (-8,61%)
Keysight Technologies (KEYS, USA) - Electronics & RF test systems.
Network & data center backbone
$ANET (-7,81%)
Arista Networks (ANET, USA) - High-speed networks.
$CSCO (-1,89%)
Cisco Systems (CSCO, USA) - Data center/edge networks.
$EQIX (-4,32%)
Equinix (EQIX, USA) - Data centers (colocation).
Cloud infrastructure
$AMZN (-4,39%)
Amazon (AMZN, USA) - AWS (cloud, AI training).
$MSFT (-1,94%)
Microsoft (MSFT, USA) - Azure.
$GOOG (-2,93%)
Alphabet (GOOGL, USA) - Google Cloud.
Takeaway: Investing in the infrastructure stack allows you to participate in the robotics trend regardless of the subsequent product winner and reduces the individual product risk, but you have to live with cycles. In your opinion, which stage of the chain offers the best risk/return combination and fits into a disciplined portfolio?
Source: Own analysis based on publicly available company information and IR materials of the companies mentioned.
Image material: Techa Tungateja/iStockphoto
New 52-week highs for these stocks
These shares reached a new 52-week high today:
Johnson & Johnson $JNJ (+4,08%)
Unity $U (-2,69%)
Reddit $RDDT
Celsius $CELH
Altria $MO (+2,79%)
Do you hold any of the shares?
@thewolfofallstreetz
Unity Q2'25 Earnings Highlights
🔹 Revenue: $440.9M (Est. $426.7M) 🟢; -2% YoY
🔹 EPS (Adj.): $0.18 (Est. -$0.28) 🟢
Q3 Outlook:
🔹 Revenue: $440M–$450M (Est. $445.1M) 😐
🔹 Adjusted EBITDA: $90M–$95M
🔹 Grow: Mid-single-digit QoQ growth expected
🔹 Create: Slight sequential decline expected
Q2 Segment Revenue:
🔹 Create Solutions: $154M; UP +2% YoY
🔹 Grow Solutions: $287M; DOWN -4% YoY
🔹 Unity Ad Network: +15% QoQ (now 49% of Grow)
Other Q2 Metrics:
🔹 Adj EBITDA: $90M; Margin: 21%
🔹 Free Cash Flow: $127M (vs. $80M YoY)
🔹 Net Cash from Ops: $133M (vs. $88M YoY)
🔹 Cash & Equivalents: $1.70B (up from $1.53B in Dec 2024)
CEO Commentary:
🔸 “Q2 marks an inflection point... Unity Vector is transforming our growth prospects.” – CEO Matt Bromberg
🔸 “We substantially beat the high-end of our guidance for both revenue and EBITDA.”
Unity Software Q4'24 Earnings Highlights
🔹 Adj EPS: ($0.30) (Est. ($0.37)) 🟢
🔹 Revenue: $457M (Est. $432.91M) 🟢; DOWN -25% YoY
Q1'25 Guidance:
🔹 Revenue: $405M–$415M (Est. $436.6M) 🔴
🔹 Adjusted EBITDA: $60M–$65M
Segment Performance:
Create Solutions:
🔹 Revenue: $152M (DOWN -47% YoY)
🔸 Adjusted for Wētā FX termination (~$99M in Q4 2023), revenue decline narrows to -20% YoY
🔹 Subscription Revenue Growth: +15% YoY
🔹 Industry Strategic Revenue Growth: +50% YoY
Grow Solutions:
🔹 Revenue: $305M (DOWN -5% YoY)
🔸 Adjusted for customer credits (~$21M in Q4 2023), revenue UP +2% YoY
Key Financial Metrics (Q4 FY2024):
🔹 GAAP Net Loss: -$123M (vs. -$254M YoY)
🔹 Net Loss Margin: (27)% (vs. (42)% YoY)
🔹 Free Cash Flow: $106M (UP from $61M YoY)
🔹 Net Cash from Operating Activities: $112M (vs. $72M YoY)
🔹 Cash & Cash Equivalents: $1.53B
Strategic & Shareholder Updates:
🔸 Unity 6 Launch: Strong adoption contributing to future optimism
🔸 New Pricing Model: Positive reception and increased engagement
🔸 AI Integration: Significant advancements for advertising customers
🔸 Portfolio Reset: Impacted year-over-year growth but streamlined operations
Management Commentary:
🔸 CEO Matt Bromberg: "Our Q4 results exceeded expectations in both revenue and profitability, reflecting our efforts to build a stronger Unity. With the success of Unity 6, a new pricing model, and growing AI integration, we’re optimistic about our future and committed to delivering value to our customers and shareholders."
I didn't sell it, so I didn't lose it ... did I? (Loss P0rn)
Everyone only ever shows their winners, but let's be honest - that's boring.
I'm going to turn the tables and present you with my own personal financial disasters. Because who diamond hands need a thick skin.
My investment strategy?
- Hold for at least Hold for 5-10 years (i.e. enough time to ride out a complete market crisis).
- A maximum of 1% of the portfolio in speculative stocks (haha, if only that were the case).
- No stop loss, because I prefer to look straight into the abyss.
Here are my highlights from the "Let's burn down the portfolio!"-category:
Intel (-41%) $INTC (-8,67%)
I thought I was buying a solid chip giant. Turns out: I bought a museum walk through the glory days of 1995. While Nvidia is flying to the moon, Intel is barely keeping its head above water like an old Windows 98 computer.
Unity Software (-68%) $U (-2,69%)
"Gaming is the future! Unity is THE platform for developers!" - At least that's what I thought. In reality, Unity has bugged itself so badly that not even a game patch would help. At least I have the consolation that my shares are more lag than a mobile game with too much advertising.
Walgreens Boots Alliance (-77%) $WBA
Pharmacies? Safe bet! People always get sick! It's just stupid when a company is managed in such a way that even a pharmaceutical giant looks like it has overdosed itself.
Compass Pathways (-88%) $5Y6A
Psychedelic therapy is the future! Or so I thought. But my investment journey was more like a wild drug trip that ended directly in the financial hole. Instead of astral travel, it was just capital destruction.
Edita's Medicine (-95%) $EDIT (-0,45%)
Genetic engineering and CRISPR? Technology of the future! It's just a shame that my investment was deleted faster than faulty DNA. Editas has actually managed to edit itself out - and my capital along with it.
And you?
Do you also have a "Loss P0rn" story you want to share?
Or are you smarter than me and use stop losses? 😂
The only difference: you talk about it publicly. 💪
Honestly, I used to have times when my portfolio looked like this. It was a while ago. But those times prompted me to look for strategies that would save me from looking like that. It can't happen to me like that anymore. 😬
Podcast episode 67 "Buy High. Sell Low."
Subscribe to the podcast to keep Bitcoin rocketing.
00:00:00 Bitcoin, MicroStrategy, Coinbase
00:23:00 BlackRock
00:32:40 Nu Holdings
01:01:00 Alphabet & Meta
01:26:00 Unity Software, AMC, GameStop
01:38:50 Thomas von Finanzfluss, MSCI World & EM
Spotify
https://open.spotify.com/episode/373hy6ZTbixJ6jB4effhlc?si=U_f7l6tRQwy0z184kew35Q
YouTube
Apple Podcast
$BTC (-3,75%)
$MSTR (-5,92%)
$COIN (-4,96%)
$BLK
$NU (-1,72%)
$GOOGL (-3,06%)
$GOOG (-2,93%)
$META (-11,37%)
$U (-2,69%)
$AMC (-2,56%)
$GME (-3,69%)
$IWDA (-0,92%)
$EIMI (-2,82%)
#finanzfluss
$SPOT (+11,42%)
$AAPL (+1,43%)
#podcast
$U (-2,69%) | Unity Q3 Earnings Highlights:
🔹 Revenue: $446.5M (Est. $428.2M) 🟢
🔹 EPS: -$0.31 (Est. -$0.39) 🟢
🔸 Appointed new CFO
Raised FY24 Guidance:
🔹 Revenue for Strategic Portfolio: $1.703B-$1.708B (previously $1.680B-$1.690B)
🔹 Adjusted EBITDA: $363M-$368M (previously $340M-$350M)
Outlook for Q4 2024:
🔹 Revenue for Strategic Portfolio: $422M-$427M
🔹 Adjusted EBITDA: $79M-$84M
Segment Revenue:
🔹 Create Solutions: $132M; UP +5% YoY
🔹 Grow Solutions: $298M; DOWN -5% YoY
🔹 Non-Strategic Portfolio: $17M; DOWN -84% YoY
Other Key Metrics:
🔹 Gross Booking Value (GBV): $20.1B; UP +10% YoY
🔹 Adjusted EBITDA: $92M (Est. $75-80M); UP +22% YoY
🔹 Active Listings: Over 8M
Product Updates:
🔸 Launched Unity 6, the latest, most stable version, with end-to-end multiplayer workflows, improved mobile web targeting, and enhanced graphics capabilities.
🔸 Transitioned from Runtime Fee to a subscription model with new pricing changes effective January 2025.
Strategic Developments:
🔸 Appointed new CFO, Jarrod Yahes, beginning January 1, 2025.
🔸 Expanded customer base outside of gaming, with partnerships like KLM (VR pilot training) and Deutsche Bahn (AR customer guidance and VR staff training).
Business Highlights:
🔸 Significant progress on data infrastructure for advertising, enabling better transparency and user engagement insights.
🔸 Positive trends in subscription renewals and Unity 6 adoption following pricing adjustments.
CEO’s Commentary:
🔸 "Unity’s mission to support the full lifecycle of game development and interactive experiences positions us for long-term growth, supported by stable subscription growth and the adoption of Unity 6."
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