All Reports

Mobileye Global (MBLY; $14.50; E/W) reported some Q1 upside while reiterating its full 2025E guidance, which management thinks already bakes in a reasonable amount of risk to revenue from newly imposed U.S tariffs on vehicle…

We are confident that FQ2 (Mar) results and guidance from Sanmina (SANM; $80.26; O/P) can at least live up to our and Street expectations when it reports on Monday (4/28 after market) given what we…

We stick with our forecasts for Benchmark Electronics (BHE; $37.69; O/P) ahead of its Q1 results and outlook, scheduled for next Tuesday (4/29 after market), although we still wonder about the difficulty of “getting things…

According to press reports from earlier today, Lyft (LYFT; $12.06; O/P) plans to onboard taxis to its rideshare network for certain riders in St. Louis, MO starting next month. Interestingly, this news follows closely on…

Celestica (CLS; $92.14; O/P) reported Q1 non-GAAP EPS of $1.20, which beat our $1.11 and consensus of $1.12 with solid sales upside ($2,649mm vs. our $2,550mm and the Street’s $2,557mm). Recall, CLS’ Q1 outlook called…

This morning, Uber Technologies (UBER; $73.77; E/W) announced a new long-term partnership with Volkswagen (VOW.DE; €91.40; NR) to deploy a fleet of “thousands” of fully electric ID. Buzz autonomous microbuses on its rideshare platform in…

Mobileye Global (MBLY; $13.20; E/W) reported Q1 adjusted EPS of $0.08, which was slightly ahead of our $0.07 and in line with the Street’s $0.08 on sales of $438mm (+83% YoY) vs. our consensus matching…

We are raising our rating from Equal-Weight to Outperform and establishing a target of $85 on the shares of Amphenol (APH; $71.15) after the company produced an especially strong “beat and raise”. We think APH’s…

We raise F2025/F2026E (Sept) EPS back up for TE Connectivity (TEL; $136.06; O/P) from our recently lowered $7.95/$8.40 to $8.20/$8.75 after it produced a healthy FQ2 (Mar) beat with solid guidance that reflected some better-than-expected…

Plexus (PLXS; $127.17; E/W) reported FQ2 (Mar) non-GAAP EPS of $1.66, comfortably beating our consensus matching $1.54, on sales of $980mm, which was basically in line with the Street’s $981mm and slightly below our more…

Amphenol (APH; $65.75; E/W) reported Q1 non-GAAP EPS of $0.63, which handily beat our $0.51 estimate and the Street’s $0.52 led by much better-than-expected sales ($4,811mm vs. our $4,300mm and the Street’s $4,297mm). As per…

Vertiv Holdings (VRT; $71.82; E/W) reported Q1 non-GAAP EPS of $0.64, which was ahead of our $0.60 and the Street’s $0.61 on sales of $2,036mm (vs. our $1,925mm and the Street’s $1,936mm). Recall, VRT’s Q1…

TE Connectivity (TEL; $133.45; O/P) reported FQ2 (Mar) non-GAAP EPS of $2.10, which handily beat our $1.95 and the Street’s $1.96 on better-than-expected sales ($4,143mm vs. our $3,950mm and the Street’s $3,970mm). By comparison, TEL’s…

Yesterday, the Federal Trade Commission (FTC) announced it filed a lawsuit against Uber Technologies (UBER; $74.52; E/W) alleging that the company charged consumers without consent for its Uber One subscription program (~30mm members exiting 2024)….

We reduce 2025/2026E EPS for Aptiv (APTV; $50.99; E/W) from $7.30/$8.50 to $6.25/$8.00 ahead of Q1 results and guidance, scheduled for May 1st (before market). Our estimate cuts are to consider an increasing likelihood that…