All Reports

Mobileye Global (MBLY; $33.95; E/W) reported adjusted Q4 EPS of $0.27, which was comfortably ahead of our $0.16 and the Street’s $0.17 on sales of $565mm (+59% YoY and +26% QoQ), which beat our $531mm…

We raise F2023/F2024E (Jun) EPS for Seagate (STX; $62.25; E/W) from $1.35/$3.20 to $1.70/$3.85 after FQ2 (Dec) EPS of $0.16 exceeded our $0.07 and the Street’s $0.09, on slightly better sales and operating margins as…

Flex (FLEX; $24.36; O/P) produced as expected FQ3 (Dec) results and outlook, albeit with some put and takes, which in the “grand scheme of things” should prove transient, especially in the context of valuation (10.5X…

We modify F2023E (Sept) EPS for TE Connectivity (TEL; $123.57; E/W) from $6.80 to $6.60 (-10% YoY) after FQ1 (Dec) lived up to expectations, albeit with FQ2E (Mar) guidance somewhat below Street thinking, mainly on…

Amphenol (APH; $79.44; E/W) reported Q4 non-GAAP EPS of $0.78, which was ahead of our consensus matching $0.75 led by some sales upside ($3,239mm vs. our $3,154mm and the Street’s $3,151mm). As per the table…

Last night after the close (1/24), Hyzon Motors (HYZN; $2.07) disclosed in an 8-K filing the resignation of CFO Samuel Chong, who only joined the company back in April of last year (effective February 10th)….

TE Connectivity (TEL; $124.65; E/W) reported FQ1 (Dec) non-GAAP EPS of $1.53 vs. our $1.50 and the Street’s $1.51 on some sales upside that was led by auto markets ($3,841mm vs. our $3,750mm and consensus…

We raise our target on the shares of Jabil (JBL; $81.17; O/P) from $85 to $95, which is a bit of a “housekeeping call” after our bullish meetings at the Consumer Electronics Show in Las…

The shares of Seagate (STX; $63.23; E/W) have now surged 26% just since late-December lows (including +7% today) to levels last seen in mid-September, ahead of the company’s FQ2 (Dec) results and outlook on Wednesday…

This morning, Tritium (DCFC; $1.40; O/P) formally disclosed that it signed a new DC fast charger supply agreement with evyve, which is a fast and ultra-fast charging network operator in the United Kingdom. We think…

We expect the most recent rally in the shares of Flex (FLEX; $24.56; O/P), which are +17% since 12/28/22, to be more than confirmed with the release of its FQ3 (Dec) results and outlook on…

Last Thursday (1/19), we attended Tritium’s (DCFC; $1.31; O/P) Analyst Day in Lebanon, TN, where we discussed the company’s business plan and expanding EV charging opportunity with CEO Jan Hunter; CFO Rob Topol; David Toomey,…

Earlier this week, Hertz Global Holdings (HTZ; $17.07; NR) announced it is expanding on an existing partnership with Uber Technologies (UBER; $30.25; O/P) in a move that is focused on making Uber’s network more attractive…

Last night, Proterra (PTRA; $4.87; O/P) announced plans to concentrate its electric bus and battery manufacturing at its facilities in South Carolina, leading the company to exit its plant in City of Industry, CA, which…

We see Q4 EPS season for the technology supply chain proving fairly dour when it comes to management guidance, mainly around Q1E thinking. Specifically, we are concerned about the potential for exaggerated post-holiday seasonal declines…