All Reports

This morning, Aptiv (APTV; $84.92; E/W) announced the launch of its next-generation (Gen 8) radar solutions, which are aimed at meeting the needs of future advanced driver assistance systems (ADAS). We think this announcement demonstrates…

The shares of Celestica (CLS; $273.50; O/P) are now up nearly three-fold YTD, including +58% since management came to the Street with Q2 results on July 28th as investors have embraced a cloud-driven original design…

Our trip last week to San Jose, CA for the Open Compute Project (OCP) Global Summit highlighted a range of company specific takeaways, as per our prior notes in recent days, but also bigger picture…

We expect TE Connectivity’s (TEL; $223.16; O/P) results and outlook from its FQ4 (Sep) print, scheduled for Wednesday, October 29th (before market), to more than live up to Street expectations, given conservatism in guidance for…

We reiterate our Outperform and $170 target on the shares of Sanmina (SANM; $129.59) ahead of the company’s upcoming FQ4 (Sep) results and guidance. Broadly speaking, we see the FQ4 print tied to SANM’s current…

We reiterate our Outperform and $145 target on the shares of Amphenol (APH; $127.36) ahead of its Q3 results and guidance scheduled for Wednesday (10/22 before market). Most importantly, we see the main drivers behind…

We expect another quarter of healthy top-line growth from Vertiv Holdings (VRT; $177.40; E/W) when it reports Q3 results and outlook next Wednesday (10/22 before market) based on some recent data center spending data points…

Earlier this week, we attended the Open Compute Project (OCP) Global Summit in San Jose, CA where we sat in on a presentation from Jabil’s (JBL; $208.40; O/P) Chief Sales Officer for its Intelligent Infrastructure…

We expect Benchmark Electronics (BHE; $40.38; O/P) to produce Q3 results and Q4 guidance in coming weeks that supports prior targets for a return of YoY sales growth for H2 of 2025E. This in turn…

We think the general demand backdrop across Plexus’ (PLXS; $150.25; E/W) core markets should enable the company to produce FQ4 (Sept) results and guidance, scheduled for next Wednesday (10/22 after market), that at least live…

We reiterate our Outperform and bump up our target from $65 to $70 on the shares of Flex (FLEX; $63.60; O/P) after hosting an investor meeting yesterday (10/15) at the Open Compute Project (OCP) Global…

On Wednesday (10/15), Lyft (LYFT; $20.00; O/P) announced it has acquired TBR Global Chauffeuring for £83 million, or ~$110 million, in cash plus a future earnout, which focuses the company much more directly in the…

On Tuesday (10/14), we attended NetApp’s (NTAP; $122.72; E/W) annual user conference, INSIGHT, in Las Vegas where we sat in on keynote presentations and joined the investor tech sessions afterwards. As usual, new product advancements…

This morning, Broadcom (AVGO; $355.71; NR) announced a multi-year partnership with OpenAI that we think bodes well for the growth and margin prospects of Celestica (CLS; $261.10; O/P) into 2026E and 2027E. As has been…

The stocks of the companies in our tech supply chain coverage have rallied 32% on average since the end of June, or 26% ex-Sandisk, bringing average YTD performance to up 62% (+58% ex-SNDK), ahead of…