Technology Supply Chain


April 17, 2024

A Powerful Data Center Conference

By Steven Fox

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…

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April 10, 2024

Lots of Moving Pieces into CQ1 EPS Season

By Steven Fox

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…

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February 12, 2024

Supply Chain Survey Highlights More Inventory Progress

By Steven Fox

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…

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January 19, 2024

Will Minimum Q1 Visibility Reign In 2024 Bullishness?

By Steven Fox

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…

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November 28, 2023

Fox Tracks: Retail LCD TV Pricing Survey

By Steven Fox

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…

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November 14, 2023

Still More Inventory Risk to Consider?

By Steven Fox

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…

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October 13, 2023

A Slow Cyclical Recovery Still Likely Afoot

By Steven Fox

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…

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August 17, 2023

Finally, Some Progress on Supply Chain Inventory Front

By Steven Fox

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…

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July 13, 2023

Looking for Some Summertime Blues

By Steven Fox

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…

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May 15, 2023

Supply Chain Inventories Still Very Worrisome

By Steven Fox

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…

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April 13, 2023

Marching into EPS Season with Concerns

By Steven Fox

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…

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February 13, 2023

Inventories Coming Off of Mount Everest Type of Peak

By Steven Fox

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…

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January 18, 2023

Expecting Another EPS Season “Reset”

By Steven Fox

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…

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November 28, 2022

Fox Tracks: Retail LCD TV Pricing Survey

By Steven Fox

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…

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November 10, 2022

Land of Supply Chain Confusion

By Steven Fox

Our most recent survey suggests aggregate inventories up and down the supply chain (27 companies with ~$85B in annual inventories) increased further during CQ3, which is especially worrisome given that most companies we follow saw…

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