All Reports

We adjust our F2024/F2025E (Sept) EPS for Plexus (PLXS; $99.09; E/W) from $5.09/$6.85 to $5.10/$6.20 on an apples-to-apples basis excluding stock-based compensation (SBC) under the company’s new non-GAAP presentation. For reference, we assumed SBC of…

We raise our F2024/F2025E (Jun) EPS for Western Digital (WDC; $69.44; O/P) from ($1.40)/$7.25 to ($0.67)/$8.50 after FQ3 (Mar) results and guidance handily beat Street expectations on better hard disk drive shipments (HDD; 51% of…

We bump up our 2024/2025E EPS for Mobileye Global (MBLY; $31.25; O/P) from $0.37/$0.75 to $0.40/$0.80 after somewhat better than expected Q1 results within the context of the company reiterating its full 2024E sales and…

Mobileye Global (MBLY; $31.12; O/P) reported Q1 adjusted EPS losses of ($0.07), which was in line with our ($0.07) and compared to the Street’s ($0.06) on sales of $239mm that beat our $225mm and the…

We are raising our 2024/2025E EPS for Amphenol (APH; $116.31; E/W) from $3.25/$3.55 to $3.40/$3.70 after the company delivered a fourth consecutive “beat and meet” quarter, albeit with enhanced investor enthusiasm around its opportunities within…

We adjust our F2024/F2025E (Sept) EPS for TE Connectivity (TEL; $140.00; O/P) from $7.55/$8.20 to $7.45/$8.15 after its slight FQ2 (Mar) EPS beat ($1.86 vs. our consensus matching $1.83), which included $0.02 of headwinds from…

Plexus (PLXS; $95.67; E/W) reported FQ2 (Mar) non-GAAP EPS of $0.94, which beat our $0.86 and the Street’s $0.87 on sales of $967mm (vs. our $950mm and the Street’s $951mm). Recall, PLXS’ FQ2 guidance called…

Amphenol (APH; $114.26; E/W) reported Q1 non-GAAP EPS of $0.80, which beat our consensus matching $0.73 led by healthy sales upside ($3,256mm vs. our $3,088mm and the Street’s $3,103mm). As per the table below, operating…

We raise our F2024/F2025E (Jun) EPS for Seagate (STX; $86.53; E/W) from $0.75/$4.35 to $0.93/$5.40 after FQ3 (Mar) results and guidance generally lived up to expectations across key metrics, albeit with “puts and takes”. STX…

TE Connectivity (TEL; $143.23; O/P) reported FQ2 (Mar) non-GAAP EPS of $1.86, which was ahead of our consensus matching $1.83 led by some slightly better than expected sales ($3,967mm vs. our $3,950mm and consensus of…

Seagate (STX; $86.49; E/W) reported FQ3 (Mar) non-GAAP EPS of $0.33, which was ahead of our $0.30 estimate and the Street’s $0.29 despite moderately lower than expected sales ($1,655mm vs. our $1,662mm and the Street’s…

The shares of Maplebear, doing business as Instacart (CART; $33.59; E/W), are down 7% today and have now retreated 14% from recent highs (vs. +43% YTD) on news that Amazon (AMZN; $179.62; NR) is offering…

Last week, we attended Data Center World in Washington DC (“More Powerful Takeaways from Data Center World”; 4/22), which added to other recent news flow that continues to support the idea that hydrogen fuel cell…

The shares of Aptiv (APTV; $69.75; O/P) are now down 22% YTD (vs. +4% for the S&P 500) as investor concerns with 2024E EPS guidance of $5.55-6.05 (+14-24% YoY) continue to mount to levels that…

We expect Mobileye Global’s (MBLY; $30.23; O/P) Q1 results and outlook, scheduled for Thursday (4/25 before market), to clear another hurdle required for a further recovery in the stock as we mapped out in our…