All Reports

Benchmark Electronics (BHE; $26.51; O/P) produced Q2 results and outlook that demonstrated an ongoing top line growth story, despite macro conditions, that can continue to come with margin expansion, especially when adjusted for the financial…

Uber Technologies (UBER; $49.46; O/P) posted Q2 adjusted EBITDA of $916mm (9.9% of sales), which handily beat our forecast of $837mm (9.1% of sales) and the Street’s $846mm (9.1% of sales). Sales of $9,230mm were…

We once again reduce F2024E (Jun) EPS for Western Digital (WDC; $42.56; E/W), from a loss of ($3.90) to ($6.30) after a slightly better than expected FQ4 (Jun) was accompanied by disappointing guidance. Management seemed to…

Western Digital (WDC; $42.56; E/W) reported FQ4 (Jun) non-GAAP EPS losses of ($1.98) excluding “one time” net charges of $0.29 per share, which compares to our ($2.05) and consensus of ($2.02). Sales of $2.67B were…

Aptiv’s (APTV; $109.51; O/P) Wind River business unit, acquired late last year for $3.5B, announced a strategic partnership today that highlights how the two companies plan to work together to gain automotive software print position,…

We reiterate our Outperform on the shares of ChargePoint (CHPT; $8.59; O/P), which have languished YTD (-10% vs. +37% for NASDAQ) despite improving profitability on still robust top line growth prospects. Along those lines, we…

We adjust 2023/2024E EPS for Mobileye Global (MBLY; $38.01; E/W) from $0.63/$0.90 to $0.73/$0.98 after better Q2 EPS and the company raised 2023E operating profit targets, which was all related to reduced opex in the…

We adjust our F2023E (Sept) EPS for Plexus (PLXS; $98.54; E/W) from $5.40 to $5.58 (+13% YoY) after the company produced a solid FQ3 (Jun) EPS beat while offering up FQ4E (Sept) guidance that was…

The shares of Nextracker (NXT; $44.19; E/W) surged 12% today after it posted a big FQ1 (Mar) beat that further highlighted the solar tracker business’ long-term potential, especially as it “re-makes” its supply chain to…

We reduce F2024E (Jun) EPS for Seagate (STX; $61.46; E/W) from $1.25 to $0.13 after another round of disappointing guidance. On the plus side, management seems to have finally “thrown in the towel” around expectations…

Mobileye Global (MBLY; $40.44; E/W) reported Q2 adjusted EPS of $0.17, which was ahead of our consensus matching $0.12 on sales of $454mm (-1% YoY and flat QoQ) that was basically in line with our…

Flex (FLEX; $28.27; O/P) posted FQ1 (Jun) adjusted EPS of $0.57, comfortably beating our consensus matching $0.51, reflecting some better than expected sales, and most importantly margin upside from both its now 51%-owned Nextracker (NXT;…

Plexus (PLXS; $102.13; E/W) reported FQ3 (Jun) non-GAAP EPS of $1.32, which beat our $1.18 and the Street’s $1.16 on sales of $1,022mm (vs. our $1,025mm and consensus of $1,024mm). Recall, PLXS’ FQ3 guidance called…

We bump up our 2023/2024E EPS for Amphenol (APH; $88.60; E/W) from $2.83/$3.05 to $2.88/$3.08 after the company produced a Q2 “beat and meet”, albeit a bit more impressive given that multiple of its end…

We bump up F2023/2024E (Sept) EPS for TE Connectivity (TEL; $144.74; E/W) from $6.50/$7.25 to $6.70/$7.30 on the back of a solid FQ3 (Jun) EPS beat with some slightly better than expected FQ4E (Sept) EPS…