# chip earnings — X 热门讨论 (2026-10-10 13:29 UTC)
## @INArteCarloDoss (KKGB) · 10-09 23:05 · ♥31 ↻0 💬1 Because chip designers carry heavy op leverage (high fixed r & d and tape-out costs with 60%–75% gross margins), a drop in revenue flows through to net earnings with significant magnification. Without giving specific numbers a reasonable capex cut can see 50%-60% EPS cuts.
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