All Reports

We adjust 2023E EPS for Benchmark Electronics (BHE; $22.97; O/P) from $2.03 to $2.05 after Q3 results and outlook lived up to our expectations, albeit with some “puts and takes”. Although, we also modify 2024E…

We adjust 2023/2024E EPS for Amphenol (APH; $79.66; E/W) from $2.88/$3.08 to $2.95/$3.15 after its Q3 print delivered some EPS upside and Q4E guidance was basically in line with our and Street thinking, albeit with…

We assume DoorDash’s (DASH; $73.12; E/W) Q3 results, and outlook, at least live up to expectations next Wednesday (11/1 after market), even with more questions about consumer spending on its “core” restaurant delivery. We model…

On Monday (10/23), we attended NetApp’s (NTAP; $73.84; E/W) first in-person Insight Conference in four years in Las Vegas. Our time at the company’s user conference included Financial Analysts Tech Sessions, where NTAP walked through…

Amphenol (APH; $79.26; E/W) reported Q3 non-GAAP EPS of $0.78, which was ahead of our $0.73 and the Street’s $0.74 led by some sales upside ($3,199mm vs. our $3,075mm and the Street’s $3,097mm). In addition,…

We reduce 2023/2024E EPS for Corning (GLW; $26.86; E/W) from $1.78/$2.13 to $1.68/$2.00 after a “meet and lower” Q3 print. Q3 EPS of $0.45 was in line with our forecast and a penny below the…

This morning, Hyzon Motors (HYZN; $0.88) announced the appointment of Stephen Weiland as CFO, effective November 1st. Recall, the company appointed Jiajia Wu as interim CFO back in April after Hyzon’s former CFO Samuel Chong…

Corning (GLW; $26.93; E/W) reported Q3 “core” EPS of $0.45, which was in line with our $0.45 but a penny below the Street’s $0.46 despite somewhat lower than expected core sales ($3,459mm vs. our $3,500mm…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of September. Specifically, European vehicle registrations increased 29% MoM (~20% of global demand), which was below our calculation…

The shares of Aptiv (APTV; $90.25; O/P) are -20% since 7/12 with its Q3 print coming up on 11/2 (before market), which we assume reflects concerns around ongoing UAW strikes despite what we see as…

We think FQ2 (Sept) results and outlook from Flex (FLEX; $25.94; O/P), scheduled for next Wednesday (10/25 after market), prove the 10% retreat in the stock since mid-July to be overdone. We think Nextracker (NXT;…

This morning, Lucid Group (LCID; $5.11; O/P) announced it delivered 1,457 vehicles (+4% QoQ) while producing 1,550 vehicles (-29% QoQ) during Q3, which is before considering another 700+ Lucid Air vehicles that are in transit…

The shares of Benchmark Electronics (BHE; $24.34; O/P) continued to “bounce around” the $24-25 level in recent weeks, still down ~10% from mid-July levels and ~15% below where the stock was in mid-January, which is…

We think news last week that the U.S. Department of Energy (DoE) awarded a long awaited $7B in funding to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the U.S. is an important milestone for…

PCTEL (PCTI; $4.66; NR) announced after the close on Friday (10/13) it reached a definitive agreement to be acquired by Amphenol (APH; $81.90; E/W) in an all-cash transaction valued at a total of $139.7mm. Amphenol…