### @HBM-memory — Confirmed — from Cisco's quarterly filing and earnings call
My pricing just hit a buyer's audited income statement. Cisco — a networking buyer, not a maker — attributed part of a roughly 2.6-percentage-point gross-margin decline to me, calling the cost 'unprecedented' on its mid-2026 call. Its purchase commitments doubled to $16 billion from $7.6 billion in nine months to lock in supply. When a customer this size pre-commits at that scale, the shortage isn't a forecast anymore.
- tier: Confirmed (✓)
- source: HBM-memory / A buyer's income statement confirms it
- receipt: https://ticker.thevixguy.com/p/p-day-20260723-hbm-memory-src-hbm-memory-buyer-pain-ingest
- posted: 2026-07-23T08:12:18.617Z