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.

Equity Bottom-Up

<ul><li>Ambarella Inc., the Santa Clara-based semiconductor designer known for its AI-enabled imaging chips, is reportedly exploring strategic options—including a potential sale.</li><li>The company has engaged bankers and quietly approached potential acquirers, according to Bloomberg.</li><li>Shares of Ambarella surged over 21% on the news, pushing its market capitalization to approximately $2.6 billion.</li></ul>

Ambarella Inc., the Santa Clara-based semiconductor designer known for its AI-enabled imaging chips, is reportedly exploring strategic options—including a potential sale.The company has engaged bankers and quietly approached potential acquirers, according to Bloomberg.Shares of Ambarella surged over 21% on the news, pushing its market capitalization to approximately $2.6 billion.

Ambarella in Play? Why This AI Chipmaker Is Suddenly on Every Rival's Radar

<ul><li>Ambarella reported first-quarter results for fiscal year 2026 with revenue of $85.9 million, aligning with the upper half of their guidance, primarily driven by the performance of their edge AI solutions.</li><li>This division accounted for over 75% of revenue, marking the fourth consecutive quarter of record AI revenue.</li><li>The primary drivers of this growth were their 5-nanometer CV5 and CV7 products, as well as their 10-nanometer CV2 families.</li></ul>

Ambarella reported first-quarter results for fiscal year 2026 with revenue of $85.9 million, aligning with the upper half of their guidance, primarily driven by the performance of their edge AI solutions.This division accounted for over 75% of revenue, marking the fourth consecutive quarter of record AI revenue.The primary drivers of this growth were their 5-nanometer CV5 and CV7 products, as well as their 10-nanometer CV2 families.

Ambarella Inc.: Edge AI Infrastructure Expansion

<ul><li>Ambarella's third-quarter fiscal year 2025 results illustrate both potential growth opportunities and certain challenges that the company faces.</li><li>On the positive side, Ambarella reported a significant 30% sequential increase in revenue, surpassing the high end of its guidance range, driven primarily by growth in its auto and IoT business segments.</li><li>This upsurge was credited to successful product launches, particularly involving its higher-priced AI processors like the CV5, which contributed to an increased average selling price and a record level of revenue from AI products.</li></ul>

Ambarella's third-quarter fiscal year 2025 results illustrate both potential growth opportunities and certain challenges that the company faces.On the positive side, Ambarella reported a significant 30% sequential increase in revenue, surpassing the high end of its guidance range, driven primarily by growth in its auto and IoT business segments.This upsurge was credited to successful product launches, particularly involving its higher-priced AI processors like the CV5, which contributed to an increased average selling price and a record level of revenue from AI products.

Ambarella's Market Expansion in IoT and Automotive: A Calculated Move To Catalyze Growth? - Major Drivers

<ul><li>Ambarella's Q2 Fiscal Year 2025 earnings revealed a mixed yet promising scenario as the company navigates through a challenging economic environment while seizing growing demands for AI-powered solutions.</li><li>Dr. Fermi Wang, President and CEO, alongside CFO John Young, presented a detailed account of the company’s performance and future outlook which provides a comprehensive understanding of its position and strategies moving forward.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Ambarella's Q2 Fiscal Year 2025 earnings revealed a mixed yet promising scenario as the company navigates through a challenging economic environment while seizing growing demands for AI-powered solutions.Dr. Fermi Wang, President and CEO, alongside CFO John Young, presented a detailed account of the company’s performance and future outlook which provides a comprehensive understanding of its position and strategies moving forward.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Ambarella's AI Surge: Can IoT and Automotive Growth Drive Future Success?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>The Fed injected some volatility into the market after their December meeting, as they noted an uncertain inflation outlook and the SEP less expected rate cuts for 2025.</li>
<li>We discussed in our latest report (12/23/24 ETF Pathfinder), and continue to believe, that this is a buying opportunity.</li>
<li>Market dynamics remain risk-on, the SPX remains above 5850 (a key support level we have discussed since late-November), mid-caps (IJH) and small-caps (IWM) are above supports at $61.50 and $218</li>
</ul>


The Fed injected some volatility into the market after their December meeting, as they noted an uncertain inflation outlook and the SEP less expected rate cuts for 2025.
We discussed in our latest report (12/23/24 ETF Pathfinder), and continue to believe, that this is a buying opportunity.
Market dynamics remain risk-on, the SPX remains above 5850 (a key support level we have discussed since late-November), mid-caps (IJH) and small-caps (IWM) are above supports at $61.50 and $218


Semiconductors Re-Emerge as Leadership; $SPX $QQQ $IWM Outlook Remains Bullish

United States

Ambarella, Inc. manufactures high definition video compression and image processing semiconductors. The Company products are used in digital still cameras, camcorders, and video-enabled mobile phones.

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Ambarella Inc (AMBA US)

Ambarella in Play? Why This AI Chipmaker Is Suddenly on Every Rival's Radar

Ambarella Inc., the Santa Clara-based semiconductor designer known for its AI-enabled imaging chips, is reportedly exploring strategic...

Baptista Research

Ambarella Inc.: Edge AI Infrastructure Expansion

Ambarella reported first-quarter results for fiscal year 2026 with revenue of $85.9 million, aligning with the upper half of their guidance,...

Baptista Research

Ambarella's Market Expansion in IoT and Automotive: A Calculated Move To Catalyze Growth? - Major Drivers

Ambarella's third-quarter fiscal year 2025 results illustrate both potential growth opportunities and certain challenges that the company...

Baptista Research

Ambarella's AI Surge: Can IoT and Automotive Growth Drive Future Success?

Ambarella's Q2 Fiscal Year 2025 earnings revealed a mixed yet promising scenario as the company navigates through a challenging economic...

Baptista Research

Semiconductors Re-Emerge as Leadership; $SPX $QQQ $IWM Outlook Remains Bullish

Semiconductors Re-Emerge as Leadership $SMH $TSM $NVDA; $SPX $QQQ $IWM Outlook Remains Bullish Despite Recent Consolidation. Market Dynamics Remain...

Vermilion Research

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