All Reports

Earlier this week, we had the opportunity to catch up with Amphenol’s (APH; $84.08; E/W) CEO Adam Norwitt, CFO Craig Lampo, and Sherri Scribner, VP, Strategy, and IR to discuss some of our “top of…

We reiterate our Outperform, increase EPS estimates, and raise our target from $125 to $150 on the shares of Jabil (JBL; $124.95) another “beat and raise” with its FQ4 (Aug) print and full year F2024E…

Jabil (JBL; $105.18; O/P) reported FQ4 (Aug) “core” non-GAAP EPS of $2.45, which beat our consensus matching $2.32 on sales of $8,458mm (vs. our $8,506mm and the Street’s $8,537mm). As illustrated in the variance table…

We bump up our F2024E (Aug) EPS from a loss of ($2.60) to ($2.30) and raise F2025E EPS from $1.90 to $2.45 for Micron (MU; $68.21; E/W) after a basically as expected FQ4 (Aug) print…

Micron Technology (MU; $68.21; E/W) reported FQ4 (Aug) non-GAAP EPS of a loss of ($1.07), which was somewhat ahead of our ($1.18) and the Street’s ($1.15) on slightly better than expected sales ($4,010mm vs. our…

Last night, Jabil (JBL; $105.00; O/P) announced that it reached a definitive agreement to divest its Mobility business (11% of sales at somewhat below average margins) to BYD Electronic or BYDE (285.HK; HK$34.95; NR) for…

Last night, Hyzon Motors (HYZN; $1.22) announced a final resolution of an SEC investigation, ongoing since January of 2022, in which the company agreed to pay a civil monetary penalty of $25mm, subject to court…

The shares of Uber Technologies (UBER; $44.27; O/P) have now retreated 11% since the end of July, albeit in a weak tech tape (-9% for NASDAQ over the same period), but despite a subsequent Q2…

We reiterate our Outperform on Jabil shares (JBL; $107.33) ahead of its FQ4 (Aug) results and Annual Investor Briefing next Thursday (9/28 before market) when we expect a first view on F2024E (Aug) sales and…

After reducing our generally below consensus estimates for Micron (MU; $69.68; E/W) on five different occasions over the course of the past year, we think this may finally be the quarterly call where Street projections…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of August, which was well ahead of seasonal trends. Specifically, European vehicle registrations (~20% of global demand) in…

We sat in on Aptiv’s (APTV; $102.57; O/P) Software Teach-In yesterday. The presentation and Q&A suggested to us that management has increased confidence in its ability to leverage last year’s $3.5B acquisition of Wind River’s…

We followed up with Nextracker (NXT; $41.89; E/W) after it introduced a suite of next-gen solar tracker hardware, software, and services at the RE+ 2023 conference in Las Vegas. We think these recent announcements highlight…

This morning, DoorDash (DASH; $83.00; E/W) announced a series of new grocery and alcohol delivery partnerships, ironically just as Maplebear, doing business as Instacart, plans its IPO for tonight under the ticker CART. We note…

Yesterday (9/15), Rivian’s (RIVN; $24.06; E/W) CEO RJ Scaringe presented at an investor conference, where among other things, the company highlighted plans to update its electronic and electrical vehicle architecture, for integration into its next-generation…