All Reports

We reiterate our Outperform on the shares of Western Digital (WDC; $43.86) and raise F2025/F2026E (Jun) EPS from $4.27/$5.45 to $4.75/$5.80 after the company produced a healthy FQ3 (Mar) “beat and raise” that further demonstrated…

Benchmark Electronics (BHE; $38.27; O/P) produced solid Q1 results and guidance that basically jibed with our forecasts, albeit with some more top line pressures than we assumed would be the case, which was generally offset…

We raise F2025/F2026E (Jun) EPS for Seagate (STX; $81.60; O/P) from $7.55/$8.80 to $7.90/$9.25 after the company’s healthy “beat and raise”, supporting the idea that cloud data center spending, and associated demand for high capacity…

Seagate (STX; $81.60; O/P) reported FQ3 (Mar) non-GAAP EPS of $1.90, which was comfortably ahead of our $1.75 and the Street’s $1.74 on sales of $2,160mm (vs. our $2,138mm and the Street’s $2,124mm). Recall, STX’s…

We are bumping up our 2025/2026E EPS from $2.25/$2.55 to $2.35/$2.65 for Corning (GLW; $44.46; O/P), which now equates to ~15% average annual EPS growth, after the company delivered some upside with its Q1 print…

We modify our F2025E (Sept) EPS from $6.00 to $5.85 (+11% YoY) for Sanmina (SANM; $80.73; O/P) mainly for a delay in a large new program ramp after it produced some slight upside with FQ2…

Corning (GLW; $44.10; O/P) reported Q1 “core” EPS of $0.54, which was ahead of our $0.50 and the Street’s $0.51 on some better than expected core sales ($3,679mm vs. our $3,600mm and the Street’s $3,643mm)….

We are reducing our 2025/2026E EPS for Amkor Technology (AMKR; $17.48; E/W) from $1.35/$2.20 to $1.00/$1.40. Admittedly, this is after the company produced Q1 results in line with our and Street thinking while offering up…

Amkor Technology (AMKR; $17.48; E/W) reported Q1 EPS of $0.09, which was in line with our consensus matching $0.09 on sales of $1,322mm that exceed our and the Street’s $1,275mm). Recall, AMKR’s Q1 guidance called…

Sanmina (SANM; $80.73; O/P) reported FQ2 (Mar) non-GAAP EPS of $1.41, which was ahead of our consensus matching $1.38 on somewhat better than expected sales of $1,984mm (vs. our $1,963mm and the Street’s $1,964mm). Recall,…

Last Thursday (4/24), the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) introduced a new Automated Vehicle framework, which aims to make it easier for companies to deploy autonomous vehicles (AVs) at scale…

This morning, Flex (FLEX; $34.70; O/P) announced it “significantly” increased production capacity for data center power products, such as busway systems, power distribution units and remote power panels, at its manufacturing facility in Columbia, South…

We believe the shares of Fabrinet (FN; $198.55; O/P), which are still down 26% over the past 3+ months, prove oversold when the company reports FQ3 (Mar) results and outlook next Monday (5/5 after market)…

On Friday, Deliveroo (ROO.GB; £1.72; NR) disclosed it received an all-cash takeover proposal from DoorDash (DASH; $187.76; E/W) on April 5th to purchase the company in its entirety for 180 pence per Deliveroo share or…

Last Thursday (4/24), Lyft (LYFT; $12.21; O/P) published a shareholder letter from CEO David Risher, which emphasized what has become the company’s intense focus on providing a better and better rideshare experience since he was…