All Reports

Our latest look at aggregate inventories up and down the supply chain post CQ4 EPS season suggested another quarter of general supply chain tightening relative to more recent levels. Although, for what it is worth,…

We are raising our 2026E EPS for Amkor Technology (AMKR; $52.52; E/W) from $1.43 to $1.85 (vs. $1.50 in 2025, $1.43 in 2024, and a prior peak of $3.11 back in 2023). We note a…

Amkor Technology (AMKR; $52.52; E/W) reported Q4 EPS of $0.69, which was well ahead of our $0.43 and the Street’s $0.44 on sales of $1,888mm (vs. our $1,830mm and the Street’s $1,839mm), albeit including a…

This morning, Uber Technologies (UBER; $73.67; E/W) announced an agreement to acquire Getir, which currently operates food, grocery, retail, and water delivery services in Turkey, from Mubadala Investment Company. Importantly, this transaction is structured in…

The shares of Lyft (LYFT; $15.98; O/P) are down 35% from recent highs in mid-November, including -18% since January 8th when CEO David Risher reiterated in a LinkedIn post that the company still targets 2027E…

Uber Technologies (UBER; $73.92; E/W) produced gross bookings (GB) and adjusted EBITDA in Q4 that were ahead of our and Street expectations highlighting how the combined Mobility and Delivery platforms continue to penetrate a massive…

The shares of Flex (FLEX; $55.66; O/P) are down 16% today despite what we think was a healthy FQ3 (Dec) “beat and raise”, especially when it comes to recent operating margin expansion. Admittedly, it is…

We reiterate our Outperform and raise our target from $300 to $350 on the shares of WD Corporation (WDC; $290.24) and its new and streamlined branding after attending the company’s Innovation Day yesterday in New…

We stick with our Outperform on Benchmark Electronics (BHE; $56.02; O/P) after Q4 results and guidance proved to be favorable relative to our expectations around sales and operating margins. At the same time, we “only”…

Flex (FLEX; $65.99; O/P) reported FQ3 (Dec) adjusted EPS of $0.87, which was well ahead of our consensus matching $0.78 on sales of $7,058mm that also comfortably beat our $6,900mm and the Street’s $6,829mm. By…

Benchmark Electronics (BHE; $56.02; O/P) reported Q4 non-GAAP EPS of $0.71, which was comfortably ahead of our $0.65 and the Street’s $0.64 on sales of $704mm (vs. our $695mm and the Street’s $696mm). Recall, BHE’s…

We are raising our F2026/F2027E (Jun) EPS for Fabrinet (FN; $499.61; O/P) from $13.00/$15.00 to $13.55/$15.60, after the company produced a solid “beat and raise” despite ongoing currency headwinds that were not fully reflected in…

We are adjusting our 2026E EPS for Aptiv (APTV; $77.98; O/P) from $8.55 to $8.50, after Q4 EPS, which was +7% YoY, lived up to Street expectations ($1.86 vs. consensus of $1.85 and our $1.77),…

Fabrinet (FN; $49.07; O/P) reported FQ2 (Dec) non-GAAP EPS of $3.36, which was comfortably ahead of our $3.23 and the Street’s $3.25 on sales of $1,133mm that beat our $1,075mm and the Street’s $1,077mm). As…

We reiterate our Outperform on the shares of Seagate (STX; $407.69) after hosting a virtual investor meeting on Friday (1/30) for CFO Gianluca Romano and Shanye Hudson, SVP, IR and Treasury, to further follow up…