All Reports

Flex (FLEX; $65.99; O/P) reported FQ3 (Dec) adjusted EPS of $0.87, which was well ahead of our consensus matching $0.78 on sales of $7,058mm that also comfortably beat our $6,900mm and the Street’s $6,829mm. By…

Benchmark Electronics (BHE; $56.02; O/P) reported Q4 non-GAAP EPS of $0.71, which was comfortably ahead of our $0.65 and the Street’s $0.64 on sales of $704mm (vs. our $695mm and the Street’s $696mm). Recall, BHE’s…

We are raising our F2026/F2027E (Jun) EPS for Fabrinet (FN; $499.61; O/P) from $13.00/$15.00 to $13.55/$15.60, after the company produced a solid “beat and raise” despite ongoing currency headwinds that were not fully reflected in…

We are adjusting our 2026E EPS for Aptiv (APTV; $77.98; O/P) from $8.55 to $8.50, after Q4 EPS, which was +7% YoY, lived up to Street expectations ($1.86 vs. consensus of $1.85 and our $1.77),…

Fabrinet (FN; $49.07; O/P) reported FQ2 (Dec) non-GAAP EPS of $3.36, which was comfortably ahead of our $3.23 and the Street’s $3.25 on sales of $1,133mm that beat our $1,075mm and the Street’s $1,077mm). As…

We reiterate our Outperform on the shares of Seagate (STX; $407.69) after hosting a virtual investor meeting on Friday (1/30) for CFO Gianluca Romano and Shanye Hudson, SVP, IR and Treasury, to further follow up…

Aptiv (APTV; $75.75; O/P) reported adjusted Q4 EPS of $1.86, which was ahead of our $1.77 and compared to the Street’s $1.85 on sales of $5,153mm (vs. our $5,055mm and the Street’s $5,105mm). Recall, the…

We are raising our F2026E and F2027E (Jun) EPS for Western Digital (WDC; $250.23; O/P) from $7.45/$8.45 to $8.70/$11.10 after the company produced a robust FQ2 (Dec) “beat and raise” on Thursday night that reflected…

We are raising our F2026/F2027E (Jun) EPS for Sandisk (SNDK; $576.25; O/P) from $12.10/$20.60 to “a hard to fathom round numbers” of $40.00 and $100.00 after the company produced FQ2 (Dec) results and offered up…

We are bumping up our F2026/F2027E (Mar) EBITDA for Nextpower (NXT; $121.08; E/W) from $800mm/$900mm to $820mm/$913mm after the company produced some healthy FQ3 (Dec) profit upside, reflecting some “pulled in” project timing for a…

We are raising our F2026/F2027E (Sep) EPS for Plexus (PLXS; $197.60; E/W) from $7.45/$8.45 to $7.70/$8.70 after the company produced basically as expected FQ1 (Dec) EPS with FQ2E (Mar) guidance that was comfortably ahead of…

The shares of Celestica (CLS; $300.00; O/P) declined 13% yesterday on the heels of what we believed to be a robust Q4 “beat and raise” that also suggested an expanding set of growth opportunities. CLS…

We are reducing our rating on the shares of Corning (GLW; $104.28) from Outperform to Equal-Weight. The stock is up 110% YoY, including +34% just since mid-November, and has now risen 2.8X since our upgrade…

We are raising our 2026E EPS for Amphenol (APH; $145.96; O/P) from $3.75 to $4.20 (+26% YoY vs. +77% in 2025) to account for some upside in the Q4 print and organic guidance outlook, all…

Plexus (PLXS; $180.85; E/W) reported FQ1 (Dec) non-GAAP EPS of $1.78, which was ahead of our $1.75 and the Street’s $1.76, albeit on some lower than expected sales ($1,070mm vs. our $1,075mm and the Street’s…