Company Notes

Amphenol (APH; $74.87; E/W) reported Q1 non-GAAP EPS of $0.69, which was ahead of our $0.66 and the Street’s $0.67 led by some sales upside ($2,974mm vs. our $2,888mm and the Street’s $2,901mm). As per…

TE Connectivity (TEL; $124.18; E/W) reported FQ2 (Mar) non-GAAP EPS of $1.65, which beat our $1.57 and the Street’s $1.58 on better than expected sales ($4,160mm vs. our $3,900mm and consensus of $3,915mm). By comparison,…

The shares of Sensata (ST; $44.14; O/P) traded down 8% in what we think proves a major overreaction to Q1 results and outlook that we see still holding up relatively well, especially in the context…

We stick with our below consensus 2023/2024E EPS of $1.90/$2.20 for Corning (GLW; $33.37; E/W) after the company produced a slight Q1 beat with Q2E guidance that was basically in-line with expectations, albeit with a…

Corning (GLW; $33.66; E/W) reported Q1 “core” EPS of $0.41, which was ahead of our and the Street’s $0.39 on core sales of $3,367mm (vs. our $3,300mm and the Street’s $3,343mm). Recall, GLW targeted Q1…

Sensata (ST; $47.87; O/P) reported adjusted Q1 EPS of $0.92, which was ahead of our $0.88 and the Street’s $0.87 on somewhat higher sales than were in our model ($998mm, vs. our $988mm and the…

We reiterate our Outperform and bump up our target from $95 to $100 on the shares of Jabil (JBL; $78.81; O/P) after hosting an investor visit last Wednesday (4/19) to its rapidly expanding operations in…

On Friday (4/20), the shares of Lyft (LYFT; $10.44; E/W) traded up 6% after the company disclosed mid-day through a blog post from new CEO David Risher, aimed at the company’s employees, that it was…

This morning, Uber Technologies (UBER; $31.32; O/P) filed an 8-K in which it disclosed it completed the sale of its remaining 29% equity stake in MLU B.V., which is its joint venture (JV) with Yandex…

This morning, Hyzon Motors (HYZN; $0.86) announced it appointed Dr. Bappa Banerjee as the company’s first Chief Operating Officer (effective May 1st). Dr. Banerjee will oversee Hyzon’s global operations, manufacturing, engineering, commercial and supply chain,…

We are cutting F2023/F2024E (Jun) EPS further for Seagate (STX; $57.08; E/W) after the company produced an FQ3 (Mar) “miss and lower” that more than confirmed our ongoing concerns around cloud and IT spending, customer…

Seagate (STX; $62.86; E/W) reported FQ3 (Mar) non-GAAP EPS that was a loss of ($0.28) on sales of $1,860mm, which was well below our recently lowered estimate for a profit of $0.22 (on sales of…

We think TE Connectivity (TEL; $127.75; E/W) produces FQ2 (Mar) results that at least live up to our consensus matching expectations when it reports next Wednesday (4/26 before market). This is mainly because we think…

We assume Amphenol (APH; $78.25; E/W) posts a third consecutive “beat and lower” quarter when it releases Q1 results and outlook next Wednesday (4/26 before market) led by our concerns, albeit within a mix bag…

Yesterday (4/17), Tritium (DCFC; $1.15; O/P) announced it entered into a partnership with Jump Charging, which is a provider of electric vehicle charging and green hydrogen fueling infrastructure for commercial fleet applications in New Zealand….