All Reports

We bump up our F2026/F2027E (Mar) EBITDA for Nextracker (NXT; $90.38; E/W) from $785mm/$890mm to $800mm/$900mm, which compares to its $777mm earned in F2025. This is after NXT produced some healthy “across the board” FQ2…

We bump up our 2025/2026E operating profits for Mobileye Global (MBLY; $14.09; E/W) from $260mm/$305mm to $280mm/$318mm after the company produced some healthy Q3 sales and profit upside on the back of better vehicle production…

Nextracker (NXT; $90.38; E/W) reported FQ2 (Sep) adjusted EPS of $1.19, which was comfortably ahead of our consensus matching $1.01 on sales of $905mm (+42% YoY) that were also much better than our $825mm as…

We are raising estimates for Vertiv Holdings (VRT; $182.24; E/W), including our 2025E EPS from $3.80 to $4.10 (+44% YoY) after the company produced a healthy Q3 “across the board” beat, from sales, to more notably,…

Mobileye Global (MBLY; $14.31; E/W) reported Q3 adjusted EPS of $0.09, which was slightly ahead of our $0.08 and in line with the Street’s $0.09 on better than expected sales of $504mm (+4% YoY and…

We reiterate our Outperform, bump up our target from $145 to $150, on the shares of Amphenol (APH; $128.93) as we raise our 2025/2026E EPS from $3.02/$3.42 to $3.28/$3.75 (+74% and +15% YoY). This is all…

Plexus (PLXS; $146.10; E/W) reported FQ4 (Sep) non-GAAP EPS of $2.14, which was well ahead of our $1.90 and the Street’s $1.87 due basically to non-operating items as described below (e.g., tax benefits). At the…

Amphenol (APH; $124.44; O/P) reported Q3 non-GAAP EPS of $0.93, which was well ahead of our $0.78 and the Street’s $0.79 led by much better-than-expected sales ($6,194mm vs. our $5,475mm and the Street’s $5,529mm). As…

We expect some upside to our forecasts from Aptiv (APTV; $85.59; E/W) when it posts Q3 results and updates its outlook next Thursday (10/30 before market) due to prior guidance conservatism over tariff concerns. Recall,…

Vertiv Holdings (VRT; $174.80; E/W) reported Q3 non-GAAP EPS of $1.24, which handily beat our $0.97 and the Street’s $0.98 on sales and margin upside. Sales were $2,676mm, which beat our $2,575mm and the Street’s…

We raise our target to $140 on the shares of Western Digital (WDC; $121.41; O/P) ahead of its FQ1 (Sep) results and guidance, scheduled for next Thursday (10/30 after market). The stock has retreated 8%…

The shares of Seagate (STX; $214.57; O/P) have now retreated 16% since hitting a record high on October 1st (including -5% this week) with FQ1E (Sep) results and guidance on the horizon for next Tuesday…

We reiterate our Outperform on the shares of Corning (GLW; $85.80) ahead of its Q3 results and guidance, scheduled for next Tuesday (10/28 before market). Admittedly, the stock has rallied substantially since the end of…

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…