All Reports

Belden (BDC; $81.32; E/W) reported Q1 non-GAAP EPS of $1.24, which beat our $1.05 and the Street’s $1.06 on sales of $536mm (vs. our $513mm and the Street’s $514mm). Recall, BDC’s Q1 guidance called for…

We think yesterday’s 8% decline in the shares of Flex (FLEX; $26.34; O/P) proves an overaction to the early-F2025E (Mar) volatility embedded in its latest financial outlook. FQ4 (Mar) results and full F2025E guidance lived…

Aptiv (APTV; $69.75; O/P) reported adjusted Q1 EPS of $1.16, which beat our consensus matching $1.02 on some lower-than-expected sales ($4,901mm vs. our $5,000mm and the Street’s $4,986mm). As per the table below, operating profits…

Benchmark Electronics (BHE; $30.30; O/P) posted a healthy Q1 beat and inline Q2E guidance when adjusting non-GAAP forecasts to now exclude stock-based compensation (SBC) per its decision to conform to industry peer EPS presentations (discussed…

DoorDash (DASH; $127.46; E/W) reported Q1 gross order value (GOV) of $19.2B (+21% YoY), which beat our $18.75B and the Street’s $18.84B, leading to sales of $2,513mm (+9% QoQ and +23% YoY) that compared to…

We adjust 2024/2025E EPS for Corning (GLW; $33.35; E/W) from $1.95/$2.30 to $2.00/$2.30 after some Q1 EPS upside with Q2E guidance that encompassed our and Street’s bottom-line thinking. Q1 revenue and Q2E sales targets were…

Corning (GLW; $31.78; E/W) reported Q1 “core” EPS of $0.38, which was ahead of our consensus matching $0.35 on core sales upside ($3,258mm vs. our $3,100mm and the Street’s $3,118mm). Recall, GLW targeted Q1 sales…

We modify our 2024/2025E EPS for Sanmina (SANM; $64.00; O/P) from $5.40/$6.30 to $5.25/$6.20 after some moderately disappointing FQ2 (Mar) results and FQ3E (Jun) guidance, albeit with healthy margin performance and encouraging “green shoots” suggesting…

We bump up our 2024/2025E EPS for Amkor Technology (AMKR; $31.47; E/W) from $1.60/$2.20 to $1.75/$2.25 after some better Q1 results and Q2E guidance. AMKR also still looks for a robust H2 recovery in sales,…

Sanmina (SANM; $64.00; O/P) reported FQ2 (Mar) non-GAAP EPS of $1.30, which was ahead of our consensus matching $1.25 albeit on somewhat lower than expected sales ($1,835mm vs. our $1,875mm and the Street’s $1,883mm). Recall,…

Amkor Technology (AMKR; $31.47; E/W) reported Q1 EPS of $0.24, which handily beat our $0.10 and the Street’s $0.11 on basically as expected sales ($1,366mm vs. our $1,363mm and the Street’s $1,357mm). Recall, AMKR’s Q1…

The shares of Uber Technologies (UBER; $69.05; O/P) are down 15% since a bullish reaction to its mid-February Investor Update (“Raise Target to $100 After Investor Update”; 2/14), which we think offers a buying opportunity…

We see Flex’s (FLEX; $28.97; O/P) FQ4 (Mar) print on Wednesday (5/1 before market) more than living up to Street expectations, which we think in combination with an updated F2025E (Mar) EPS bar, proves a…

We adjust our F2024/F2025E (Sept) EPS for Plexus (PLXS; $99.09; E/W) from $5.09/$6.85 to $5.10/$6.20 on an apples-to-apples basis excluding stock-based compensation (SBC) under the company’s new non-GAAP presentation. For reference, we assumed SBC of…

We raise our F2024/F2025E (Jun) EPS for Western Digital (WDC; $69.44; O/P) from ($1.40)/$7.25 to ($0.67)/$8.50 after FQ3 (Mar) results and guidance handily beat Street expectations on better hard disk drive shipments (HDD; 51% of…