Technology Supply Chain
April 22, 2024
As per our prior report (“A Powerful Data Center Conference”; 4/17), we spent a few days last week at Data Center World in Washington DC, where the wild level of bullishness we highlighted from our…
April 17, 2024
This week, we are spending time at what appears to be a very well attended Data Center World in Washington D.C. where we had the opportunity already to hear from and chat with managers representing…
April 10, 2024
Stocks in our tech supply chain coverage are +7% YTD and +35% YoY on average as a broadening set of cyclical recoveries were further priced in for H2. Along those lines, we expect CQ1 EPS season…
February 12, 2024
Our latest look at aggregate inventories up and down the supply chain suggested some more solid improvements towards a return of more normalized levels, although it is hard not to argue there remains “more inventory…
January 19, 2024
We think a muted end to the December quarter, combined with ongoing uncertainty around the impact of high interest rates on capital spending-driven markets, and typical seasonal pressures to start the year suggests to us…
November 28, 2023
On “Cyber Monday” (11/27), we checked prices on a number of popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models from LG, Samsung and Vizio by pulling publicly available prices from…
November 14, 2023
Our latest look at aggregate inventories up and down the supply chain showed some further progress towards a return of more normalized levels, albeit within the context of what now looks like a heightened corporate…
October 13, 2023
We expect Q3 EPS season to provide support for the idea that a cyclical bottoming process is generally taking shape across the tech supply chain, although we continue to warn that the slope of any…
August 17, 2023
Our latest look at aggregate inventories up and down the supply chain, across OEMs, component makers, electronics manufacturing service (EMS) providers and distributors (27 companies with $82B in annual inventories ex-Apple at the end of…
July 13, 2023
We expect Q2 EPS season from our tech supply chain coverage to highlight a return of more traditional summer seasonal pressures we think are not fully reflected in the Street’s Q3E estimates in many instances. This…
May 15, 2023
Our latest look at aggregate inventories up and down the supply chain, across OEMs, component makers, EMS providers and distributors (27 companies with $84B in annual inventories ex-Apple exiting CQ1), pointed to new levels of…
April 13, 2023
We see some further estimate cuts ahead for a range of the technology supply chain players we follow with the upcoming CQ1 EPS season. On the plus side, our checks suggest CQ1 sales and profits…
February 13, 2023
Our latest look at aggregate inventories up and down the supply chain, across OEMs, component makers, EMS providers, and distributors (26 companies with $81B in annual inventories ex-Apple at the end of CQ4), offered early…
January 18, 2023
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…
November 28, 2022
Our pricing checks on the Wednesday before Thanksgiving (11/23) of popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models provided some evidence that promotional activity during the holiday selling season could…