Company Notes

We are adjusting our 2026/2027E EPS for Amkor Technology (AMKR; $71.42; E/W) from $1.85/$2.10 to $2.05/$2.20 for a recent Q1 “beat and raise” as well as to consider initial margin and EPS dilution as the…

We reiterate our Outperform and raise our target from $135 to $190 on the shares of TTM Technologies (TTMI; $158.22) after the company delivered a healthy Q1 “beat and raise”. As a result, we also…

We are raising our F2026/2027E (Sept) EPS on Plexus (PLXS; $250.08; E/W) from $7.70/$8.70 to $8.05/$9.50, which equates to average EPS growth of 13% across these two fiscal years, albeit now positioned to generally accelerate…

We reiterate our Outperform and raise our target from $75 to $100 on the shares of Benchmark Electronics (BHE; $72.40) after the company produced a solid Q1 beat that was accompanied by a significantly more…

We reiterate our Outperform and raise our target from $180 to $190 on the shares of Amphenol (APH; $148.38) as we also increase EPS estimates meaningfully after the company’s especially healthy “beat and raise”. From…

We reiterate our Outperform and raise our price target to $800 on the shares of Seagate (STX; $672.62) after the company produced a substantial FQ3 (Mar) “beat and raise” last night, which further highlighted to…

We raise our 2026/2027E EPS for Celestica (CLS; $361.54; O/P) from an already robust $8.75/$12.50 to now assume at least $10.15/$14.55, after the company produced a healthy Q1 EPS “beat and raise”. Admittedly, Q1 upside…

We raise our 2026/2027E EPS from $2.90/$3.25 to $3.10/3.75 for Corning (GLW; $153.05; E/W) after the company produced some modest Q1 upside with some more favorable forward-looking guidance, which was not surprisingly led by Optical…

We reiterate our Outperform, raise our target from $200 to $250, and increase F2026/2027E (Sept) EPS from $10.05/$11.10 to $11.00/$12.75 on Sanmina (SANM; $188.08) after a big FQ2 (Mar) “beat and raise” confirmed to us…

We are slightly reducing our 2026E gross bookings (GB), revenues, and EBITDA forecasts for Lyft (LYFT; $13.98; O/P) ahead of its Q1 results and guidance, scheduled for May 7th (after market), to better consider the…

We are slightly reducing our 2026E gross bookings (GB), revenues, and EBITDA forecasts for Lyft (LYFT; $13.98; O/P) ahead of its Q1 results and guidance, scheduled for May 7th (after market), to better consider the…

We are making relatively small adjustments to our sales and profits estimates for Mobileye (MBLY; $8.70; E/W) after the company produced a healthy Q1 beat while basically maintaining its guidance for the rest of 2026E….

We raise our 2026E EPS for Vertiv (VRT; $321.62; E/W) from $6.05 to $6.30 (+50% YoY vs. +47% in 2025 and +63% in 2024) after the company posted a healthy Q1 “beat and raise” that…

The shares of TE Connectivity (TEL; $221.04; O/P) declined 9% today on the heels of FQ2 (Mar) results and guidance that we see only modestly moving up Street forecasts. We think investors were also concerned…

We reiterate our Outperform and raise our target from $75 to $95 on the shares of Flex (FLEX; $85.90) ahead of its FQ4 (Mar) results and guidance, scheduled for May 6th (before market). We expect…