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>GlobalFoundries Inc. recently reported its third-quarter financial results for fiscal 2025, showcasing a mixed performance across diverse segments and underscoring specific strategic directions aimed at driving long-term growth.</li><li>The company's revenue for the quarter stood at $1.688 billion, marking a slight 3% decrease year-over-year, though it aligned with the high end of the anticipated guidance.</li><li>Gross margins saw expansion both sequentially and year-over-year, landing at approximately 26% due to shifts toward higher-margin product mixes and increased revenue from non-wafer technology services.</li></ul>

GlobalFoundries Inc. recently reported its third-quarter financial results for fiscal 2025, showcasing a mixed performance across diverse segments and underscoring specific strategic directions aimed at driving long-term growth.The company's revenue for the quarter stood at $1.688 billion, marking a slight 3% decrease year-over-year, though it aligned with the high end of the anticipated guidance.Gross margins saw expansion both sequentially and year-over-year, landing at approximately 26% due to shifts toward higher-margin product mixes and increased revenue from non-wafer technology services.

GlobalFoundries: Leveraging Differentiated Technologies Across Autos, Mobile, & Power!

US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/walmart-inc" target="_blank" data-smartkarma-citation="entities:11134:1" rel="noopener">Walmart (WMT US)</a> is now eligible for Nasdaq100 following its listing change from NYSE to Nasdaq on 9 December 2025, marking the largest exchange transfer in history.</li>
<li>The listing transfer was completed after the December 2025 annual review cut-off, so Nasdaq100 inclusion is anticipated by December 2026.</li>
<li>Forecasted passive fund demand upon inclusion is ~600m shares, $70bn and 25 ADV.</li>
</ul>



Walmart (WMT US) is now eligible for Nasdaq100 following its listing change from NYSE to Nasdaq on 9 December 2025, marking the largest exchange transfer in history.
The listing transfer was completed after the December 2025 annual review cut-off, so Nasdaq100 inclusion is anticipated by December 2026.
Forecasted passive fund demand upon inclusion is ~600m shares, $70bn and 25 ADV.


Walmart (WMT US): Unwrapping Nasdaq100 Inclusion Following Listing Transfer

<ul><li>GlobalFoundries reported solid financial performance for the second quarter of fiscal 2025, surpassing the guidance midpoints for revenue, gross margin, and operating margin.</li><li>The company achieved $1.688 billion in revenue, marking a 6% sequential increase and a 3% year-over-year gain.</li><li>Gross profit amounted to $425 million, with a gross margin of 25.2%.</li></ul>

GlobalFoundries reported solid financial performance for the second quarter of fiscal 2025, surpassing the guidance midpoints for revenue, gross margin, and operating margin.The company achieved $1.688 billion in revenue, marking a 6% sequential increase and a 3% year-over-year gain.Gross profit amounted to $425 million, with a gross margin of 25.2%.

GlobalFoundries: An Insight Into The MIPS Acquisition & Critical Growth Levers—Will RISC-V Innovation Redefine Its AI & Edge Strategy?

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Equity Capital Markets

<ul>
<li>ARM prices this Wednesday and trades on Thursday.</li>
<li>I have a lot of thoughts. This will be a great post if you want to learn about ARM. </li>
<li><span style="font-size: var(--content-font-size);">So, without further adieu, let’s dive into the most important IP company in the world.</span></li>
</ul>


ARM prices this Wednesday and trades on Thursday.
I have a lot of thoughts. This will be a great post if you want to learn about ARM. 
So, without further adieu, let’s dive into the most important IP company in the world.


<ul><li>GlobalFoundries has delivered a mixed performance in their first quarter of fiscal 2025, marked by both positive developments and notable challenges.</li><li>On the positive side, the company reported revenues of $1.585 billion, representing a 2% increase year-over-year despite a sequential decline of 13%, achieved partly through significant contributions from its automotive and communications infrastructure and data center segments.</li><li>Notably, the automotive segment accounted for 19% of total revenue and saw a 16% increase year-over-year, driven by increasing silicon content in vehicles that offset a decline in unit sales.</li></ul>

GlobalFoundries has delivered a mixed performance in their first quarter of fiscal 2025, marked by both positive developments and notable challenges.On the positive side, the company reported revenues of $1.585 billion, representing a 2% increase year-over-year despite a sequential decline of 13%, achieved partly through significant contributions from its automotive and communications infrastructure and data center segments.Notably, the automotive segment accounted for 19% of total revenue and saw a 16% increase year-over-year, driven by increasing silicon content in vehicles that offset a decline in unit sales.

GlobalFoundries: Silicon Photonics & Co-Packaged Optics Progress & Other Major Drivers

United States

GLOBALFOUNDRIES Inc. operates as a semiconductor contract manufacturing and design company. The Company offers chips designed for markets such as mobility, automotive, computing and wired connectivity, and consumer internet of things (IoT). GLOBALFOUNDRIES serves customers worldwide.

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GLOBALFOUNDRIES (GFS US)

GlobalFoundries: Leveraging Differentiated Technologies Across Autos, Mobile, & Power!

GlobalFoundries Inc. recently reported its third-quarter financial results for fiscal 2025, showcasing a mixed performance across diverse segments...

Baptista Research

Walmart (WMT US): Unwrapping Nasdaq100 Inclusion Following Listing Transfer

Walmart’s move from NYSE to Nasdaq positions it as the largest forecasted inclusion in Nasdaq100 for the December 2026 review, attracting...

Dimitris Ioannidis

GlobalFoundries: An Insight Into The MIPS Acquisition & Critical Growth Levers—Will RISC-V Innovation Redefine Its AI & Edge Strategy?

GlobalFoundries reported solid financial performance for the second quarter of fiscal 2025, surpassing the guidance midpoints for revenue, gross...

Baptista Research

ARM IPO Breakdown

ARM prices this Wednesday and trades on Thursday. I have a lot of thoughts. This will be a great post if you want to learn about ARM. So, without...

Fabricated Knowledge

GlobalFoundries: Silicon Photonics & Co-Packaged Optics Progress & Other Major Drivers

GlobalFoundries has delivered a mixed performance in their first quarter of fiscal 2025, marked by both positive developments and notable...

Baptista Research

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