All Reports

We are raising our 2025/2026E EPS for Celestica (CLS; $90.97; O/P) from $4.75/$5.35 to $5.00/$5.70, implying more than 20% average EPS growth over the next two years, while staying on the conservative side for possible…

Yesterday, the European Automobile Manufacturers Association released car registration data from the region for the month of March, which was somewhat below seasonal trends. Although, we note registrations included some positive battery electric vehicle (BEV)…

We bump up our F2025/F2026E (Sept) EPS for Plexus (PLXS; $125.35; E/W) from $6.90/$7.55 to $7.05/$7.70 after the company produced some FQ2 (Mar) EPS upside, led by healthier than expected operating margins, and FQ3E (Jun)…

We adjust our 2025/2026E EPS for Vertiv Holdings (VRT; $83.88; E/W) from $3.55/$4.25 to $3.50/$4.20 after the company produced a solid Q1 EPS beat ($0.64 vs. our $0.60 and consensus of $0.61) and updated full…

Mobileye Global (MBLY; $14.50; E/W) reported some Q1 upside while reiterating its full 2025E guidance, which management thinks already bakes in a reasonable amount of risk to revenue from newly imposed U.S tariffs on vehicle…

We are confident that FQ2 (Mar) results and guidance from Sanmina (SANM; $80.26; O/P) can at least live up to our and Street expectations when it reports on Monday (4/28 after market) given what we…

We stick with our forecasts for Benchmark Electronics (BHE; $37.69; O/P) ahead of its Q1 results and outlook, scheduled for next Tuesday (4/29 after market), although we still wonder about the difficulty of “getting things…

According to press reports from earlier today, Lyft (LYFT; $12.06; O/P) plans to onboard taxis to its rideshare network for certain riders in St. Louis, MO starting next month. Interestingly, this news follows closely on…

Celestica (CLS; $92.14; O/P) reported Q1 non-GAAP EPS of $1.20, which beat our $1.11 and consensus of $1.12 with solid sales upside ($2,649mm vs. our $2,550mm and the Street’s $2,557mm). Recall, CLS’ Q1 outlook called…

This morning, Uber Technologies (UBER; $73.77; E/W) announced a new long-term partnership with Volkswagen (VOW.DE; €91.40; NR) to deploy a fleet of “thousands” of fully electric ID. Buzz autonomous microbuses on its rideshare platform in…

Mobileye Global (MBLY; $13.20; E/W) reported Q1 adjusted EPS of $0.08, which was slightly ahead of our $0.07 and in line with the Street’s $0.08 on sales of $438mm (+83% YoY) vs. our consensus matching…

We are raising our rating from Equal-Weight to Outperform and establishing a target of $85 on the shares of Amphenol (APH; $71.15) after the company produced an especially strong “beat and raise”. We think APH’s…

We raise F2025/F2026E (Sept) EPS back up for TE Connectivity (TEL; $136.06; O/P) from our recently lowered $7.95/$8.40 to $8.20/$8.75 after it produced a healthy FQ2 (Mar) beat with solid guidance that reflected some better-than-expected…

Plexus (PLXS; $127.17; E/W) reported FQ2 (Mar) non-GAAP EPS of $1.66, comfortably beating our consensus matching $1.54, on sales of $980mm, which was basically in line with the Street’s $981mm and slightly below our more…

Amphenol (APH; $65.75; E/W) reported Q1 non-GAAP EPS of $0.63, which handily beat our $0.51 estimate and the Street’s $0.52 led by much better-than-expected sales ($4,811mm vs. our $4,300mm and the Street’s $4,297mm). As per…