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>Microchip Technology Inc. has delivered its financial performance for the third quarter of fiscal year 2026, showing overall positive trends with some areas of caution.</li><li>Key financials for the December quarter included net sales of $1.186 billion, marking a 4% sequential increase and exceeding prior guidance.</li><li>Gross margins on a non-GAAP basis stood at 60.5%, despite underutilization charges of $51.7 million and new inventory reserve charges of $58.4 million, which may pose ongoing challenges.</li></ul>

Microchip Technology Inc. has delivered its financial performance for the third quarter of fiscal year 2026, showing overall positive trends with some areas of caution.Key financials for the December quarter included net sales of $1.186 billion, marking a 4% sequential increase and exceeding prior guidance.Gross margins on a non-GAAP basis stood at 60.5%, despite underutilization charges of $51.7 million and new inventory reserve charges of $58.4 million, which may pose ongoing challenges.

<ul><li>Microchip Technology Incorporated delivered mixed financial results for its fiscal second quarter of 2026.</li><li>The company reported a 6% sequential growth in net sales, driven predominantly by market share gains in the Americas and Asia, while European sales remained stable.</li><li>Sales in its core microcontroller (MCU) business grew 9.7% sequentially, with 32-bit MCU showing strong performance, and analog business sales rose by 1.7%.</li></ul>

Microchip Technology Incorporated delivered mixed financial results for its fiscal second quarter of 2026.The company reported a 6% sequential growth in net sales, driven predominantly by market share gains in the Americas and Asia, while European sales remained stable.Sales in its core microcontroller (MCU) business grew 9.7% sequentially, with 32-bit MCU showing strong performance, and analog business sales rose by 1.7%.

Microchip Inside Its New Growth Strategy: What’s Really Driving Its LTSA Power Play!

Index Rebalance and Special Situations Coverage, Quiddity Advisors

Anjana Amarasuriya

Index Rebalance and Special Situations Coverage

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The Nasdaq 100 index tracks the 100 largest names listed on the Nasdaq Stock Exchange.</li>
<li>We expect no changes for the September 2026 index rebal event, though SpaceX's free-float increase should still drive roughly US$13bn of one-way flow.</li>
<li>We expect three ADDs and four DELs at the December 2026 annual reconstitution, with DELs necessarily exceeding ADDs by one to bring member count back to 100.</li>
</ul>


The Nasdaq 100 index tracks the 100 largest names listed on the Nasdaq Stock Exchange.
We expect no changes for the September 2026 index rebal event, though SpaceX's free-float increase should still drive roughly US$13bn of one-way flow.
We expect three ADDs and four DELs at the December 2026 annual reconstitution, with DELs necessarily exceeding ADDs by one to bring member count back to 100.


Quiddity Leaderboard Nasdaq100 Sep26 Rebal: Still No Changes in September

Weekly podcast series by SemiWiki.com, SemiWiki.com

SemiWiki.com

Weekly podcast series by SemiWiki.com

Semiconductor Insiders: A weekly podcast series by SemiWiki.com, the open forum for semiconductor professionals.

Thematic (Sector/Industry)

<ul><li>AI is transforming data centers and increasing energy consumption</li><li>Next generation AI data centers rely on high performance GPUs and specialized accelerators, requiring advanced power distribution and cooling solutions to maintain reliability and sustainability</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

AI is transforming data centers and increasing energy consumptionNext generation AI data centers rely on high performance GPUs and specialized accelerators, requiring advanced power distribution and cooling solutions to maintain reliability and sustainabilityThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Podcast EP306: The Challenges of Advanced AI Data Center Design with Josue Navarro

<ul><li>New CEO of RISC V International focusing on continuity with previous CEO's roadmap</li><li>Prioritizing commercialization of RISC V in key industries like HPC, Data center, AI, Automotive, and Space</li><li>Key takeaways from RISC V Summit Europe include engagement from global attendees, important panels with industry leaders, and upgrades in software ecosystem membership.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

New CEO of RISC V International focusing on continuity with previous CEO's roadmapPrioritizing commercialization of RISC V in key industries like HPC, Data center, AI, Automotive, and SpaceKey takeaways from RISC V Summit Europe include engagement from global attendees, important panels with industry leaders, and upgrades in software ecosystem membership.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Podcast EP294: An Overview of the Momentum and Breadth of the RISC-V Movement with Andrea Gallo

United States

Microchip Technology Incorporated designs, manufactures, and markets microcontrollers, related mixed-signal and memory products, and application development systems for high-volume embedded control applications. The Company also designs, develops, and markets linear/mixed-signal, power management, and thermal management products.

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Microchip Technology (MCHP US)

Microchip Technology: Microcontrollers

Microchip Technology Inc. has delivered its financial performance for the third quarter of fiscal year 2026, showing overall positive trends with...

Baptista Research

Microchip Inside Its New Growth Strategy: What’s Really Driving Its LTSA Power Play!

Microchip Technology Incorporated delivered mixed financial results for its fiscal second quarter of 2026. The company reported a 6% sequential...

Baptista Research

Quiddity Leaderboard Nasdaq100 Sep26 Rebal: Still No Changes in September

Paramount Skydance (PSKY US) will move its listing to the NYSE on 6 October 2026, and following its 21 September settlement, its acquisition of WBD...

Anjana Amarasuriya

Podcast EP306: The Challenges of Advanced AI Data Center Design with Josue Navarro

Transitioning from Intel to a customer-facing role at Microchip, AI is driving increased energy consumption in data centers, necessitating advanced...

SemiWiki.com

Podcast EP294: An Overview of the Momentum and Breadth of the RISC-V Movement with Andrea Gallo

The new CEO of RISC-V continues the roadmap set by the previous CEO, focusing on commercialization in various industries and prioritizing...

SemiWiki.com

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