All Reports

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…

Amphenol (APH; $84.31; E/W) reported Q2 non-GAAP EPS of $0.72, which was ahead of our consensus matching $0.68 led by some sales upside ($3,054mm vs. our $2,925mm and the Street’s $2,951mm). As per the table…

TE Connectivity (TEL; $141.20; E/W) reported FQ3 (Jun) non-GAAP EPS of $1.77, which beat our $1.62 and the Street’s $1.66 despite sales that were moderately below what we and the Street expected ($3,998mm vs. our…

We again reduce 2023/2024E EPS for Sensata (ST; $42.55; O/P) from $3.90/$4.35 to $3.78/$4.23 as a slight Q2 EPS beat was joined by Q3E guidance below our thinking, albeit including a further YoY drag from…