Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Equity Bottom-Up

<ul>
<li>Accenture last week reported Q4 FY26 revenues of $18.7 billion, up 7% YoY in local currency and above the top end of the guided range of $18.4 billion.</li>
<li>New Bookings were $22.2 billion for the quarter, a 4% increase in U.S. dollars and 5% in local currency, with an overall book-to-bill of 1.2.</li>
<li>Accenture's top 10 ecosystem partners represented &gt;60% of their revenue in FY26. Among their eight emerging AI and data partners, bookings more than tripled and revenue more than doubled YoY.</li>
</ul>


Accenture last week reported Q4 FY26 revenues of $18.7 billion, up 7% YoY in local currency and above the top end of the guided range of $18.4 billion.
New Bookings were $22.2 billion for the quarter, a 4% increase in U.S. dollars and 5% in local currency, with an overall book-to-bill of 1.2.
Accenture's top 10 ecosystem partners represented &gt;60% of their revenue in FY26. Among their eight emerging AI and data partners, bookings more than tripled and revenue more than doubled YoY.


Accenture Soars As New Bookings Accelerate. Q426 Earnings Review, Key Takeaways & Full Transcript

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Accenture has agreed to acquire Dutch SAP transformation specialist McCoy, a move that would deepen its push into the European mid-market and reinforce its recently launched Accenture Edge business.</li><li>McCoy, founded in 2012, brings more than 380 professionals, SAP Gold Partner credentials, operations across the Netherlands, Spain, and the Philippines, and proprietary accelerators designed to simplify SAP implementations.</li><li>The proposed acquisition arrives shortly after Accenture identified the mid-market—companies with roughly $300 million to $3 billion in revenue—as a $240 billion addressable opportunity growing at a high-single-digit rate.</li></ul>

Accenture has agreed to acquire Dutch SAP transformation specialist McCoy, a move that would deepen its push into the European mid-market and reinforce its recently launched Accenture Edge business.McCoy, founded in 2012, brings more than 380 professionals, SAP Gold Partner credentials, operations across the Netherlands, Spain, and the Philippines, and proprietary accelerators designed to simplify SAP implementations.The proposed acquisition arrives shortly after Accenture identified the mid-market—companies with roughly $300 million to $3 billion in revenue—as a $240 billion addressable opportunity growing at a high-single-digit rate.

Accenture Takeover Of McCoy Could Deepen Its Edge In SAP Modernization!

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>The changes to the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a>, S&amp;P400 Index and S&amp;P600 Index will be announced after market close on Friday.</li>
<li>The conclusions of the market consultation to change the index weighting methodology for the Select Sector Indices to reduce concentration and avoid reverse turnover should also be announced.</li>
<li>Changes in the index weighting methodology will result in a round-trip trade of US$35bn across the Select Sector indices. The largest turnover is in the <a href="https://www.smartkarma.com/entities/consumer-staples-select-sector-spdr-fund" target="_blank" data-smartkarma-citation="entities:27536:1" rel="noopener">XLP</a> and <a href="https://www.smartkarma.com/entities/technology-select-sector-spdr" target="_blank" data-smartkarma-citation="entities:27543:1" rel="noopener">XLK</a>.</li>
</ul>


The changes to the S&amp;P 500 INDEX (SPX INDEX), S&amp;P400 Index and S&amp;P600 Index will be announced after market close on Friday.
The conclusions of the market consultation to change the index weighting methodology for the Select Sector Indices to reduce concentration and avoid reverse turnover should also be announced.
Changes in the index weighting methodology will result in a round-trip trade of US$35bn across the Select Sector indices. The largest turnover is in the XLP and XLK.


Select Sector Indices - Updated Flows as Round-Trip Trade Hits US$35bn

<ul>
<li>Accenture reported Q326 revenue of $18.7 billion, +3% YoY. Operating margin +20 basis points to 17.0%, diluted EPS of $3.80, a +9%. FCF $3.6 billion</li>
<li>Share price dropped 18% the following day and is now ~60% from its 52-week high. Its publicly listed peer group companies have also experienced similar drawdowns, acting like SaaSpocalypse companies </li>
<li>Introducing ConsultAgeddeon:  the moniker for companies whose consulting work is teaching their customers how to leverage AI so that they won't need them in the future..</li>
</ul>


Accenture reported Q326 revenue of $18.7 billion, +3% YoY. Operating margin +20 basis points to 17.0%, diluted EPS of $3.80, a +9%. FCF $3.6 billion
Share price dropped 18% the following day and is now ~60% from its 52-week high. Its publicly listed peer group companies have also experienced similar drawdowns, acting like SaaSpocalypse companies 
Introducing ConsultAgeddeon:  the moniker for companies whose consulting work is teaching their customers how to leverage AI so that they won't need them in the future..


Accenture Et Al. Welcome To The ConsultAgeddon!

<ul><li>Accenture has moved to acquire Keepler Data Tech, a Spanish cloud-native AI and data specialist, in a transaction whose financial terms were not disclosed, including the purchase of the stake held by private equity firm DTCP.</li><li>The announced rationale is clear: expand Accenture’s ability to help clients reinvent core business processes using AI built on stronger data foundations.</li><li>Founded in 2018, Keepler brings capabilities spanning data strategy, cloud-native architecture, advanced analytics, generative AI, and agentic AI, while more than 240 professionals are expected to join Accenture across Madrid, London, and Lisbon.</li></ul>

Accenture has moved to acquire Keepler Data Tech, a Spanish cloud-native AI and data specialist, in a transaction whose financial terms were not disclosed, including the purchase of the stake held by private equity firm DTCP.The announced rationale is clear: expand Accenture’s ability to help clients reinvent core business processes using AI built on stronger data foundations.Founded in 2018, Keepler brings capabilities spanning data strategy, cloud-native architecture, advanced analytics, generative AI, and agentic AI, while more than 240 professionals are expected to join Accenture across Madrid, London, and Lisbon.

Accenture Takeover Of Keepler Signals A Massive AI Power Shift!

Ireland

Accenture PLC provides management and technology consulting services and solutions.  The Company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis.  Accenture's network of businesses provides consulting, technology, outsourcing, and alliances.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Accenture Plc Cl A (ACN US)

Accenture Soars As New Bookings Accelerate. Q426 Earnings Review, Key Takeaways & Full Transcript

Accenture's top 10 ecosystem partners represented >60% of their revenue in FY26. Among their eight emerging AI and data partners, bookings more...

William Keating

Accenture Takeover Of McCoy Could Deepen Its Edge In SAP Modernization!

Accenture has agreed to acquire Dutch SAP transformation specialist McCoy, a move that would deepen its push into the European mid-market and...

Baptista Research

Select Sector Indices - Updated Flows as Round-Trip Trade Hits US$35bn

US$300bn tracks the Select Sector Indices. Implementation of proposed changes will set off a US$35bn trade. Apple could be bought by multiple...

Brian Freitas

Accenture Et Al. Welcome To The ConsultAgeddon!

Introducing ConsultAgeddeon: the moniker for companies whose consulting work is teaching their customers how to leverage AI so that they won't...

William Keating

Accenture Takeover Of Keepler Signals A Massive AI Power Shift!

Accenture has moved to acquire Keepler Data Tech, a Spanish cloud-native AI and data specialist, in a transaction whose financial terms were not...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)